Starting life as a virtual education centre for future Forex traders, FX Open eventually capitalised on its popularity by offering a brokerage service in 2005. Building on their reputation for nurturing talent and forward thinking, FX Open was one of the first virtual Forex traders to introduce the MetaTrader4 platform to the ECN market. Indeed, after years of work and investment they eventually integrated MT4 and ECN in 2009 to become the first broker to offer a complete MT4 ECN trading platform.
FXOpen.com’s Special FX:
Aside from cutting-edge Forex technology and an innovative approach to trading, FX Open has a number of other impressive characteristics. Indeed, for all standard account holders there is a $25 welcome bonus as well as a 10 lots bonus after 10 trades which pays a cash reward of $100. For those who choose to open a micro account, a 1,000 micro lot bonus is available that will unlock a $100 cash injection.
To cap off an impressive investment platform, FX Open runs regular trader contests with no deposit required. In a bid to stimulate some friendly completion amongst their clients, FX Open offers cash prizes (based on the percentage of profit from the contest) for the top traders in a given period.
Currency exchange virgins can test the financial waters with FX Open’s demo account. Offering all the resources available to standard account holders, this option gives users the perfect entry point to the market. Indeed, with an initial outlay of zero, a novice trader can get to grips with MetaTrader4 and dabble in the live market with virtual currency until they’re confident enough to invest some real money.
Once you’ve sampled FX Open’s brokerage platform you can open a personal or joint account and begin trading on the open currency exchange market. Giving users the ability to enter the market from as little as $1, they can also progress to FX Open’s fully integrated MT4 ECN and PAMM system which gives advanced traders unparalleled access to exclusive trading conditions. Indeed, by becoming the manager of a PAMM account a trader can take a share of the profits generated by the investors he’s added to their accounts.
For example, if trader invests $10,000 into a PAMM account and becomes its manager, they can propose a series of profit share conditions to subsequent investors at the end of a pre-determined interval. Based on this scenario an individual trader can not only benefit from the financial might of additional investors but also their knowledge and experience.