FxOpen UK Profile

Company Name FXOpen Ltd
Year Founded 2013
Headquarters United Kingdom
Office Locations United Kingdom
Account Currency EUR, GBP, USD
Client funds bank Barclays Bank
Support Languages Chinese, English, German, Russian, Spanish
Funding Methods Bank Wire, Credit/Debit Card, Webmoney, Trustly
Financial Instruments Forex
24 hour support
Segregated Accounts
Islamic Accounts
Accepts Canadian clients
Accepts Japanese Clients
Non expiring demo
Cent accounts
Negative balance protection
Social trading
Regulatory deposit insurance
Trailing stops
Bonuses
Interest on margin
Fixed spread
Variable spread

FxOpen UK Account types

  ECN STP
CommissionFrom 1.5 units of base currencyNone
Maximum leverage30:1
Mobile PlatformMT4 Mobile, MT5 Mobile
Trading PlatformMT4, MT5, WebTrader
Spread TypeVariable Spread
Minimum Deposit300
Minimum Trade Size0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts
  ECN
Commission From 1.5 units of base currency
Maximum leverage 30:1
Typical Spread 0.3
Trading platform MT4MT5WebTrader
Mobile platform MT4 MobileMT5 Mobile
Spread type Variable Spread
Minimum deposit 300
Minimum Trade Size 0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts
  STP
Maximum leverage 30:1
Typical Spread 1.2
Trading platform MT4MT5WebTrader
Mobile platform MT4 MobileMT5 Mobile
Spread type Variable Spread
Minimum deposit 300
Minimum Trade Size 0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

FxOpen UK Cashback rebates

Cash back rebates are paid per round turn lot unless otherwise specified. 1 Lot = 100,000 base currency units traded.
  ECN STP
Forex20% Of Commissions Paid0.24 Pips
Payment Options
Monthly Cash Back
Payments are credited and sent automatically by the 12th of the month following the month cashback is earned in.
  ECN
Forex 20% Of Commissions Paid
Payment Options
Monthly Cash Back
Payments are credited and sent automatically by the 12th of the month following the month cashback is earned in.
  STP
Forex 0.24 Pips
Payment Options
Monthly Cash Back
Payments are credited and sent automatically by the 12th of the month following the month cashback is earned in.

Notes

Maximum rebates payable per client: $66.66 per order; $666.66 per day; $6666.66 total.

What are FxOpen UK rebates?

Forex rebates reduce the spread or transaction cost paid by a trader on every trade, whether it’s a win or a loss. Rebate payment are offered in 3 forms including spread and commission reductions, daily trading account deposits, and monthly cash payments via bank wire, Paypal, Skrill and others.

How do FxOpen UK rebates work?

When a trader links their new or existing forex trading account to us, the broker pays us a volume based commission for every trade that's placed. We then pay most of this back to our clients. Unlike a few of our competitors your spreads will never increase as a result of using our service. Instead, you'll pay lower transaction costs and increase your win ratio. Ultimately, you get a better deal working with us than working only with the broker.

How much FxOpen UK rebates can I earn?

Use our forex rebate calculator to estimate your FxOpen UK rebate earnings:

You must enter a valid number

Which FxOpen UK rebate program is the best?

Our business model and theme is offering the highest rebate rates at every popular forex broker. We do this by adjusting our rates whenever we find a competitor offering more. Our clients can rest assured they are getting the highest rebates possible combined with the best possible customer support and consistent, timely and accurate rebates.

Will my FxOpen UK spreads increase?

There may be a few scammy forex rebate providers out there that do this but we do not. It would be deceptive, unethical, and totally against our business model, not to mention customers would quickly catch on and write horrible reviews! The easiest way to alleviate such a concern is just ask customer support at FxOpen UK.

How can it be better to work through a 'middle-man' than just working directly with FxOpen UK?

FxOpen UK rebates are similar in nature to a credit card rewards program. Let’s take a Visa credit card for example. When a consumer purchases something using a credit card the vendor incurs a fee of between 1.5% – 3% which they pay to Visa. Many consumers are enrolled in a credit card rewards program and receive approximately 1% cashback reward on any credit card purchase they make. Is it free money? Yes and no. It’s money the consumer would not have received if they were not signed up with the rewards program, however it’s paid for out of fees charged to the vendor who will naturally build such fees into the cost of their products.

A forex rebate provider typically has a contractual relationship with a number of different forex brokers and earns a commission for each trade placed by a trader they refer to the forex broker. The marketing benefits afforded to forex brokers by such a system are substantial, from actual referred clients to branding, added search engine visibility, etc. The rebate provider then pays the client a cash rebate from the commission they earn from the forex broker.

Are FxOpen UK rebates worth the effort?

The biggest obstacle to any forex trader is the cost of the transaction. It may seem small, but in fact it’s the biggest factor that gives the trader less than a 50% chance of winning any particular trade. This seemingly small cost can be devastating when compounded, and in the long term if the trader relies on luck alone they are sure to continually lose on their investment. FxOpen UK rebates reduce the cost of the transaction and increases a trader’s probability of winning. Still, a trader must rely on their trading skill to close the remainder of the gap.

Why don't you offer more forex rebate brokers?

We have chosen to focus on the more reliable, competitive and trustworthy brokers. If we were to add every forex broker that approached us we would have at least several hundred. Currently we have a relationship with all of the most popular broker’s across the globe. As a customer-focused company our paramount concern is that we send clients to broker’s where they will be able to withdraw their funds easily when the time comes; and experience fair trading conditions and good customer service.

FxOpen UK Regulation / Money Protection

5.0
Company Licenses & Regulations Segregated Client Money Deposit Compensation Scheme Negative Balance Protection Max. Leverage Retail Clients
FXOpen Ltd up to £85,000 30 : 1

FxOpen UK Overall rating

4.7
Overall rating is an average of ratings from experts in 4 categories.
Pricing
5.0
Regulation
5.0
Popularity
4.5
User rating
Source: fxverify.com

FxOpen UK Promotions

FxOpen UK User rating

4.1

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