Trading Accounts
FXOpen offers ECN trading accounts designed to meet the needs of both retail and professional traders. With market execution, you can trade confidently, knowing there is no dealing desk, no requotes, and that your trades will always be executed at the best available price.
ECN Trading Accounts
On Electronic Communication Network (ECN) accounts you trade on the raw price from the banks and liquidity providers and pay a small commission. This is the most cost-effective form of FX trading and is ideal for executing large volume trades.
Our most popular account option: FXOpen ECN account is a multi-asset account, allowing you to trade a wide range of FX, global indices, stocks, commodities, and cryptocurrency CFDs**, all from one single account.
ECN Trading Account Features
| ECN | |||
|---|---|---|---|
| key account info | |||
| Account Currency | GBP, USD, EUR | ||
| Demo Account |  |
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| Bussiness Model | ECN | ||
| Trading Time |
22:00 Sun - 22:00 Fri (GMT)
24/7 for Cryptocurrency** CFDs |
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| Minimum deposit | £300, $300, €300 | ||
| Maximum balance | No limit | ||
| Spread | floating, from 0 pips | ||
| Commission (per 1 lot) | from $1.50 | ||
| Quotes format | 0.12345 | ||
| Minimum transaction size | 0.01 lot | ||
| Maximum transaction size | not limited* | ||
| Minimum increment | 0.01 lot | ||
| Leverage | up to 1:30 | ||
| Margin call and Stop Out | Margin call 100% Stop out 50% |
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| INSTRUMENTS | |||
| Currencies | |
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| Cryptocurrency CFDs** | |
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| Metal CFDs | |
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| Energy CFDs | |
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| Index CFDs | |
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| Share CFDs | |
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| MISCELLANEOUS | |||
| Market execution | |
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| Requotes |  |
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| FEATURES | |||
| Hedging | |
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| Expert Advisors | |
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| Scalping | |
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| News trading | |
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| Phone dealing | |
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| Market depth with level 2 quotes | |
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* Maximum transaction size can be limited by the liquidity available in the ECN.
** Important: At FXOpen UK, Cryptocurrency trading via CFDs is only available to our Professional clients. They are not available for trading by Retail clients. To find out more information about how this may affect you, please get in touch with our team.
Differences Between Gross and Net Accounts
| Gross account | Net account | |
|---|---|---|
| Number of positions on the same financial instrument |
Many | One |
| Opposite positions (Buy and Sell) on the same financial instrument |
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| Increasing position volume |
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| Decreasing position volume |
Partial closing of a position decreases its volume. In the Order Modification window, specify a smaller volume and click Close by Market. The specified Trade Volume is closed, and the position remains open with the Remaining Volume. |
To decrease the Net position volume, open an opposite position of a smaller volume. |
| Position reversal |
To reverse a position, use the Reverse Trade Position command. The current position is closed and the opposite position of the same volume is opened. |
To reverse a Net position, open an opposite position of a larger volume. |
| Closing position | Position is closed using the Close position command. |
Net position is closed by opening an opposite position of the same volume. |
How Do I Open a Trading Account?
Just a few steps to start trading
Register
Complete the simple registration form with just your email address, phone number and password.
Verify
Continue the application process to verify your trading account and supply ID documents
Fund and trade
Once verified, fund using our multiple funding options and start trading with spreads from 0.0 pips.