FXOpen UK - true ECN/STP FCA-regulated broker

Have you succeeded to withdraw yet. Please let us know the outcome of your communication with them so far. It would help others. Thanks.

FXOpen UK Increases Margin due to the 2nd Round of Presidential Vote in France

Due to the 2nd round of Presidential Vote in France to be held on May 7th 2017, FXOpen UK will increase margin requirements up to 5 times their normal level starting from May 3rd 2017 without further notice. The changes will affect all financial instruments that include EURO.

Between May 3rd and May 9th traders may also experience high volatility, increased margin, low liquidity and wider spreads.

Margin requirements will return back to their normal values with the market opening on May 9th.

Please, remember, that abnormal market conditions increase the risk of slippage. We urge traders to take all necessary precautions trading next week.

Remember, you can trade CFDs using the same ECN account you use for currencies, with Tick Value from $1 and Commission from $3 per lot per side.

FXOpen UK is delighted to announce you can now deposit funds free of charge all week via Skrill, Neteller, Credit or Debit Card or Wire Transfer so you can trade with 100% of your capital.

To take advantage of this fantastic offer, simply make a deposit via Skrill, Neteller and Credit or Debit Card and the funds will be on your account instantly. For Wire Transfers, simply send a copy of your receipt to us and we will credit you back the cost of the transfer.

Best of luck with your trading and remember this offer ends on Sunday 14th May, so deposit now to take full advantage. If you have any question please contact support or your account manager.

Monday 29th May Trading & Support Hours


Dear Clients,

Please note the following changes in the trading hours for CFDs and indices on 29th May 2017 due to US Memorial Day & UK Spring Bank Holiday

1. Currency pairs: normal trading hours
2. Gold and Silver: trading stops at 20:00 GMT+3 (FXOpen Server Time)
3. UK Brent, US Crude and US Natural Gas: trading stops at 19:45 GMT+3 (FXOpen Server Time)
4. Japan 225: trading stops at 20:00 GMT+3 (FXOpen Server Time)
5. US SPX 500 / US SPX 500 (Mini) : trading stops at 20:00 GMT+3 (FXOpen Server Time)
6. US Tech 100 /US Tech 100 (Mini) : trading stops at 20:00 GMT+3 (FXOpen Server Time)
7. Wall Street 30 / Wall Street 30 (Mini) : trading stops at 20:00 GMT+3 (FXOpen Server Time)
8. UK 100: closed
9. Other indices without changes
10. Customer Support will close at 8pm Friday 26th and reopen at 8am on Tuesday 30th. The trading line 0203 519 1224 will be open as usual from 10PM Sunday eveneing.

We strongly recommend you consider this information when trading.

Kind regards,
The FXOpen UK Team

A surprise for our clients from China - deposits by Alipay, WeChatPay and ChinaUinionPay are available! Simply click this link.

What's best - once we are back from the Bank Holiday on Tuesday, we will compensate your funding fees for deposits until May 29!

GBP Margin Changes for UK Election

Due to the Parliamentary General Election in the UK to be held on 8th June 2017, FXOpen may change margin requirements for GBP pairs between the 7th and 9th of June 2017.

Margin for GBP pairs may be increased up to 5 times its normal value.

How do you mean? and give us an example of what you mean.

Hi 9jatrader

We are very client-oriented, and most clients prefer us not to raise margin requirements as long as it is possible. As such, in cases like this we give the above warning that requirements may change, with leverage effectively being reduced to 1:100. However in this case, as most often before, we did not make any changes and clients' leverage settings remained unchanged.

Thanks

Crypto-currency trading launched!

A complete Crypto-currency offering is now available at FXOpen UK, giving you access to 24 pairs with all the hottest instruments like Bitcoin, Litecoin, Ethereum, Namecoin and Peercoin.

Sign up now and join the Crypto revolution!

If you are still not trading crypto, you need to think twice!

FXOpen was one of the first brands to start offering crypto trading more than 3 years ago, and now we offer all the key pairs with tight spreads, low commissions and none of the risks associated with crypto-exchanges.

Open an account now and trade! More information here https://www.fxopen.co.uk/en/trading-accounts/crypto/

New Crypto Currencies added to FXOpen UK

We are pleased to announce that you are now able to trade Bitcoin Cash, Ripple, Ethereum Classic, Monero, NEO, IOTA, EOS and OMNI on your Crypto account.

We continuously monitor the latest trends in the cryptocurrency world and like to make the most promising currencies available to traders on our Crypto accounts. With the latest additions, FXOpen now offers 15 Crypto Currencies across 39 markets allowing trading against USD, EURO and Bitcoin. All the latest additions are picked from the Top ‑20 Coinmarketcap list and have been increasing in popularity.

We now offer one of the most comprehensive crypto offerings in the market - there has been no better time to trade crypto than now!

hi! is there anything wrong with fxopen.com website? i could not even open it over my computer. i'm interested in a demo test there first. like to try the fxopen martini tweex ea. is it still available? thanks.

Their website is working for me on both .com and .co.uk.

https://www.fxopen.co.uk/

I've been trying to solve a problem that I have with Fxopen for a few days. As you can see from the attached screens, this has happened. My EA was about to go into stoploss because it had almost reached the preset DD. I realized this, I immediately deposited new funds to avoid this.
As soon as I made the deposit on the wallet, the website was blocked, and I contacted the live chat, explaining that I had to solve the problem urgently to avoid the stoploss of my EA due to DD. The chat consultant confirmed that they had maintenance problems on the site and try again later. In the meantime, the DD has been hit and the operations have been closed with a loss of about 100 euros.
I explained everything to the desk of fxopen, which however refuses to repay this loss, because it says that the stoploss was azinato by my EA and it was not a stopout of the broker. Money was available on the wallet before EA hit the DD, I only had to transfer it to the account, but I could not do it due to the disruption on their website. A broker so serious that for 100 euros it makes me such a thing. Since now I have not returned the loss, I wanted to make known all these disservices, which you have to be careful because some brokers refuse, or play on the details, not to admit their responsibilities and be honest to the end, for 100 euro then, imagine if they were 1000 or 10,000 euros. In other cases like this, I have to say, other brokers, and I make the names, tickmill and IC I have renounced the loss once verified that the funds were on the account before the DD and for technical disruption of their site I could not do internal transfer on time.

FXOpen UK is delighted to announce you can now deposit funds free of charge until January 31, 2019 via Skrill, Neteller, Credit or Debit Card or Wire Transfer so you can trade with 100% of your capital.

To take advantage of this fantastic offer, simply make a deposit via Skrill, Neteller and Credit or Debit Card and the funds will be on your account instantly. For Wire Transfers, simply send a copy of your receipt to us and we will credit you back the cost of the transfer.

Best of luck with your trading and remember this offer ends on January 31, so deposit now to take full advantage. If you have any question please contact support or your account manager.

Last post by FXOpenUK dated: Jan 22, 2019.

mmmmm......

To: FXOpenUK

[quote - copy & paste]
extract -

The majority of brokers are not reporting

As reported by Cappitech, a reg tech firm in the UK, many brokers are not producing RTS 27 reports and 60% have no intention to use the reports on execution quality internally. That is despite the fact that ESMA has recently issued a Q&A clarification to MiFID 2 that clearly mandates that the RTS 27 report should be published quarterly, and RTS 28 annually, with no longer than 3 months delay.

Financial firms must keep these reports in the public domain and it “should not be placed behind a firewall, registration page or be subject to password encryption or other restrictions”. Reports must be kept online for 2 years.

extract -

1. Most brokers source their liquidity deals from the same counterparties as their competitors and, if disclosed, it opens a whole new can of worms in terms of the different pricing each one receives from their LPs. It’s no secret that the OTC FX market is heavily relationship-based and therefore everyone doesn’t get the same price.
2. There is somewhat of a dissonance between the marketing narrative and actual actions of the business. Typical marketing campaigns highlight catchphrases such as “no conflict of interest”, “STP”, “ECN”, “no dealing desk”, but the reality can often be very different. The majority of retail, margin brokers have no access to credit and often do not pass their client trades to Tier1 banks or institutional counterparts for execution, despite what their advertising may suggest.
3. Many brokers contract with liquidity counterparties while seemingly circumventing the rules prescribed by MiFID 2 under the best execution clause. They would rather go with those entities who are promising financial incentives, in some cases choosing to prioritize the monetization of their flow over the safety of client funds and the quality of trade execution. However, with the push for transparency from ESMA, brokers are finally being forced to let the cat out of the bag and disclose this sensitive information. The results are mind-blowing.

extract -

While a firm’s sales team might be telling the story about what banks and institutions lie behind their trade execution facility, the reality, revealed by these RTS 28 reports, is that many are warehousing 100% of the flow (internalizing the risk) and not sending it to the market. It could perhaps be that while pricing is somehow derived from the interbank market, the trade execution itself is internalized within the firm.

Source: https://www.leaprate.com/experts/nat...rts28-reports/
[unquote]

Comment: I am unable to locate FXOpen-UK RTS 28 annual report or any RTS 27 quarterly reports.
Question: What is the location - on public domain - of FXOpen RTS 28 annual report and RTS 27 quarterly reports ?

Is The RTS 27 report offered only by Market Makers broker?