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FXOpen UK - true ECN/STP FCA-regulated broker

  • #81
  • Feb 7, 2017 7:51am Feb 7, 2017 7:51am
To all FXCM clients looking for a new broker - please sign up here https://my.fxopen.co.uk/Registration and speak to your account manager to get the best deal
  • #82
  • Edited 9:14am Feb 14, 2017 8:53am | Edited 9:14am
It's been just over a year since we slashed our fees to among the lowest in the market, and the response from our clients has been tremendous, especially from our scalping and HFT community.

This is what you get with FXOpen UK:

 

  1. ECN and STP accounts
  2. Full segregation of client funds in a Tier 1 bank
  3. ECN commission from 1.5 per lot
  4. Spreads from 0 (and even negative!)
  5. Level 2 data (depth of market)
  6. Absolute transparency and the latest trading technology
  7. Fast execution with servers in NY4
  8. News trading, algo, HFT - use whatever trading strategy you choose, we welcome all
  9. Metatrader Webtrader available - Mac users are welcome!
  10. VPS for active traders
  11. FIX API available

Sign up here and get to trading in no time!

  • #83
  • Feb 21, 2017 12:13am Feb 21, 2017 12:13am
Quoting FXOpenUK
{quote} Hello, you can open a demo with 500 balance, please contact us via chat or email if you have any problems with that.
I have succeeded to open $500 demo. Does FxOpen leverage regulation affect Australia branch, I hope not
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: 9.2%
  • #84
  • Feb 21, 2017 7:31am Feb 21, 2017 7:31am
Hi 9jatrader,
FXOpen Australia are regulated by ASIC, so any FCA-introduced changes will not affect them or their clients.
  • #85
  • Feb 21, 2017 7:46am Feb 21, 2017 7:46am
Quoting FXOpenUK
Hi 9jatrader, FXOpen Australia are regulated by ASIC, so any FCA-introduced changes will not affect them or their clients.
Ok. Thanks
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: 9.2%
  • #86
  • Feb 24, 2017 7:41am Feb 24, 2017 7:41am
FXOpen UK is regulated by the Financial Conduct Authority (FCA) in the United Kingdom and as a client of FXOpen UK, any changes they make will effect you directly. The FCA has recently published a proposal to make changes to the FX/CFD/Spreadbetting industry in the UK to raise standards and increase client protection.

What are the Proposed Changes?

The full document can be accessed here but below is a summary of the main proposed changes to the FX Industry.

 

  1. Firms must disclose their average client profit/loss, and use standardised risk warnings. We fully agree with this proposal. Transparency is essential to building trust and as an ECN broker, we never take the other side of a client trade so we want all clients to be as profitable as possible.
  2. No Bonus Promotions. FXOpen UK has never offered bonuses as we prefer to offer permanently low commissions to provide long term value to clients.
  3. Limit leverage to 1:25 for inexperienced traders (less than 12 months live trading experience) and 1:50 for experienced traders. For you as a client, this will be the biggest potential change. This will mean that you will have to put more money onto your account to trade, possibly up to 20 times more as shown in the table below.


We agree that protecting inexperienced traders is a good idea. We encourage clients to gain experience on the demo platform and have a minimum lot size of 0.01 on the live platform ($0.10 per pip).

Limiting leverage to 1:50 for experienced traders who have been trading for at least a year and fully understand the risks involved, will have the greatest impact on traders. This will mean clients will have to deposit additional funds or reduce their trade size to continue to trade is the same way.

This is what we think of the new proposals, but what's really important is what you think. It's essential that the FCA receives opinions from everyone involved in the industry - especially traders.

How to Share your Views
The FCA has put together a simple form to enable you to share your views easily. When completing the form, please bear in mind:
The proposals cover CFDs, spread betting and FX
You don't have to complete all questions
When the form asks you to say what company you are from, just write 'N/A'

Share Your View With THE FCA Online Here

If you prefer, you can also contact the FCA by email at [email protected], or in writing to:
CP16-40 - Wholesale Conduct Policy Team
Strategy and Competition Division
Financial Conduct Authority
25 The North Colonnade
Canary Wharf
London E14 5HS

Remember, these potential change are just proposed and are only in a consultation phase at present. If anything does change, we will contact you well in advance of any changes to your account. For more information please contact your account manager or the customer support team.

Thank you in advance for sharing your views and helping make the industry a better place for all.

We have attached a quick poll at the top of the thread, please cast your vote

  • #87
  • Feb 24, 2017 8:04am Feb 24, 2017 8:04am
Quoting FXOpenUK
Limiting leverage to 1:50 for experienced traders who have been trading for at least a year and fully understand the risks involved, will have the greatest impact on traders. This will mean clients will have to deposit additional funds or reduce their trade size to continue to trade is the same way.
If the FCA limits to 1:50 you will see a MASSIVE run off to CySec brokers...I would personally leave my FCA broker the next minute if they impose this limitation.

The absolute minimum I would accept for experienced traders is 1:400.

As you can see by my MANY posts in this forum, I'm already looking for alternatives outside the UK....these proposed changes are utterly ridiculous.
  • #88
  • Feb 24, 2017 12:06pm Feb 24, 2017 12:06pm
Thank you for your feedback, but please share it with the FCA directly - that is what will count
  • #89
  • Feb 24, 2017 3:14pm Feb 24, 2017 3:14pm
Quoting FXOpenUK
Thank you for your feedback, but please share it with the FCA directly - that is what will count
Will do, is it directly on their site? Is there a specific link?
  • #90
  • Feb 27, 2017 5:14am Feb 27, 2017 5:14am
Hi Meyoik,
Please use this link: Share Your View With THE FCA Online Here
Regards,
FXOpen UK
  • #91
  • Feb 27, 2017 2:11pm Feb 27, 2017 2:11pm
Quoting FXOpenUK
Hi Meyoik, Please use this link: Share Your View With THE FCA Online Here Regards, FXOpen UK

Will do thanks
  • #92
  • Feb 27, 2017 8:01pm Feb 27, 2017 8:01pm
Quoting meyoik
{quote} If the FCA limits to 1:50 you will see a MASSIVE run off to CySec brokers...I would personally leave my FCA broker the next minute if they impose this limitation. The absolute minimum I would accept for experienced traders is 1:400. As you can see by my MANY posts in this forum, I'm already looking for alternatives outside the UK....these proposed changes are utterly ridiculous.
Yes, you are right, if they limit it to 50, most of the investors would like to change to other regulators.

maybe swiss brokers such as swissquote and dukascopy will get more clients from this
Get 90% Rebates Back, No Mark UP--->Check PIPREBATES--.--com
  • #93
  • Mar 6, 2017 12:51pm Mar 6, 2017 12:51pm
Last chance to submit your feedback about the proposed changes to the FCA: Share Your View With THE FCA Online Here
  • #94
  • Mar 6, 2017 1:46pm Mar 6, 2017 1:46pm
Quoting FXOpenUK
Last chance to submit your feedback about the proposed changes to the FCA: Share Your View With THE FCA Online Here
Please join to submit yours to FCA. It doesn't cost you anything
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: 9.2%
  • #95
  • Mar 9, 2017 12:18am Mar 9, 2017 12:18am
Quoting FXOpenUK
Last chance to submit your feedback about the proposed changes to the FCA: Share Your View With THE FCA Online Here
It would also be wise if you give us the FCA final decision, whether traders concern on leverage was put into consideration.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: 9.2%
  • #96
  • Mar 27, 2017 9:38pm Mar 27, 2017 9:38pm
fxopen is scam broker.
I can't withdrawal
  • #97
  • Mar 28, 2017 2:44am Mar 28, 2017 2:44am
Quoting sooyong
fxopen is scam broker. I can't withdrawal
Communicate with them and know why.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: 9.2%
  • #98
  • Mar 29, 2017 6:15pm Mar 29, 2017 6:15pm
Quoting sooyong
fxopen is scam broker. I can't withdrawal
Please contact support, such groundless accusations do not help anyone.
  • #99
  • Mar 30, 2017 2:55am Mar 30, 2017 2:55am
Quoting FXOpenUK
{quote} Please contact support, such groundless accusations do not help anyone.
That's what traders should do first before coming to forum to post. And when the issue is resolve they don't come to forum to say they have resolve and payed. I know trader who withdraw always from Fxopen, UK
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: 9.2%
  • #100
  • Edited 7:44pm Apr 3, 2017 7:31pm | Edited 7:44pm
Hi, i already deposited around 1000usd past 3 weeks ago, but i havent receive any invoice or it doesnt shown in my ewallet account, i already email and call everyday but they dont reply my email and only pick up my one call, please help me to proceed, thank you. This is my email { email address deleted by staff } .
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