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FXOpen was founded in 2003, and was initially marketed as a tech analysis education service. The company turned to brokerage in 2005, while in 2009 it already implemented the now famous MT4 platform with true ECN and interbank liquidity. Now FXOpen also offers РАММ-ECN and RAMM-STP platforms, as well as ZuluTrade and MyFxBook auto trading solutions, and unique accounts for Bitcoin and Ethereum trading. The broker is regulated by ASIC, its liquidity providers being Currenex, Integral, CRNX, Morgan Stanley, etc.

News FXOpen

July 12, 2022 in 11:12

fxopen-sokrashchayet-spred-na-40-protsentov-image

FXOpen Announces 40% Spread Cut

FXOpen continues to make enhancements to the ECN liquidity, resulting in FX spreads being reduced by over 40%.

These tighter spreads will save traders money, and with 13% of price updates resulting in a choice price in EURUSD, FXOpen is the ideal venue to execute high frequency and scalping trading strategies. Here’s some examples of the tight spreads you can trade:

Symbol	Spread
EURUSD	average spread 0.2*
AUDUSD	average spread 0.3**
USDJPY	average spread 0.4**
USDCAD	average spread 0.5**

Gary Thomson, FXOpen UK COO, had this to say about the development: “FXOpen continues to bring our clients tight spreads and excellent execution, with more improvements to liquidity planned over the summer. We look forward to updating you about these exciting developments.”

* Average spread data on EURUSD taken between 00.00 - 23.59 6th June 2022 vs average spread data taken between 00.01- 23.59 21st June 2022

** Average spread data taken between 00.00 – 23.59 on 21st June 2022