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Getting start is easy with FXOpen. There are many different types of trading accounts you can choose from. There are free demo accounts with no deposit, and you can use leverage up to 1:3 in the case of a Crypto Account. Other accounts come with a leverage of 1:500. You can also opt for automated trading systems like Myfxbook and Zulutrade, which will copy the trades of experienced traders.
The range of instruments offered by FxOpen is vast, with 51 currencies available. Besides forex, they also offer five commodities, including US crude oil, UK Bent oil, and US natural gas. Moreover, they also offer three spot materials, one USD share, and ten popular cryptocurrencies. With such a variety of trading instruments, FXOpen can be a great choice for both beginners and professionals. It is regulating and has many popular trading platforms.
Whether you prefer an ECN forex broker or a MT4 or MetaTrader 5 platform, FXOpen is one of the most trusted names in the industry. In addition, you can trade on both the UK and Australia markets. The platform is also available in Canada, New Zealand, and Australia. All these countries are eligible to trade on FXOpen. So, if you want to get started on the FXOpen platform, be sure to read this FXOpen review thoroughly.
A new trading account from FXOpen is called TickTrader. It offers the same features and benefits of MetaTrader 4, with a more advanced interface. It also offers mobile and desktop trading. This is important to note that you cannot use MT5 on Apple Macs, but you can download it if you are using a Windows PC. If you’re not a Mac user, you can also use the web-based option known as WebTrader. It is compatible with all major browsers and offers reliable data protection.
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While FXOpen charges no fees for deposits, they do charge withdrawal fees. Withdrawals from the FXOpen VIP account service cost 0.25% of the volume traded. Depending on the method you choose to withdraw your money, you may need to pay between 2% and 3.5% of the total amount. In addition, there are different account types for UK residents, including general Forex, Bitcoin, and metals trading. Fees for these services vary by account type, but you should always remember that the fee is already factored into the spread and commission charge.
