Percentage in Point

Percentage in Point

FxOpen: The Forex Broker For You

Posted: 03 Nov 2010 07:43 AM PDT

Financial centers around the world function as anchors of trading between a wide range of different types of buyers and sellers around the clock, with the exception of weekends. This requires something that helps along-way, something such as an automated forex trading software.

If you are using automated Forex trading software then "FxOpen" should be the right "Forex Broker" for you.

Features:

It has many great features one can use in order to capitalize on their Forex transaction recording: Expert Advisor (Forex Robot), for automated Forex trading, because FxOpen has a very fast speed in executing your trades. You can use the MetaTrader 4 platform to trade foreign exchange with FxOpen. A lot of Forex brokers that use MetaTrader 4 platform were one of the most talked about brokers with a very decent feedback, even they have now shifted to FxOpen. Furthermore, FXOpen is used by traders who trade with Expert Advisors and realizing that most readers of this site are interested in auto trading, it was a nice fit. The only problems that people seem to be having are with scalping; the servers sometime seem to be having delaying and an occasional re-quoting is happening.

  • FxOpen also offers Forex Managed Accounts and you can see different statistics for each trader that manages forex trading accounts: Daily Profit/Loss, Maximum Relative Profit, Maximum Drawdown, Maximum Daily Profit, Maximum Daily Loss, Average Daily Profit, Average Daily Loss, Profit Volatility, Recovery Factor etc.
  • For the major currency pairs FxOpen has 2-4 pips fixed spreads and you can use different online payment systems to deposits/withdraw als: Western Union, Alertpay, Libertyreserve, Perfectmoney, CashU, WebMoney, or C-gold.

FxOpen has partners all over the world and you can find support in different languages. FxOpen was opened in Egypt in 2003 as an educational center to learn trading stocks and foreign exchange. In 2005 FxOpen offered its own dealing service with the best trading conditions.

In 2009 FxOpen launched its ECN/STP service, a unique way that bridges the world's top liquidity providers into one MT4 platform offering not only an ECN price feed but also true ECN/STP execution and fills.
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