Types of Accounts at FXOpen

FXOpen is one of the forex brokers that has become popular in Indonesia since 2005 (almost 10 years) and still has many loyal customers today.

Currently, broker FXOpen provides a variety of account types, to meet the different needs of traders, namely:

• Minimum deposit $1
• Maximum balance $3000
• Floating spread
• Lot 0.1 , 1 Pip = 1 Cent
• Maximum open lot = 1000 Micro Lots
• Leverage up to 1:500
• No Commission
• No Swap (Islamic account) option available
• The use of EAs and hedging is permitted, but scalping and news trading is not.
• This account type is suitable for beginners.

• Minimum deposit $1000
• No maximum balance
• Lot 0.01
• Floating spread starting from 0 pip
• Commission per 1 lot starting from $18
• Maximum open lot is unlimited, depending on liquidity availability.
• Leverage up to 1:500
• No Swap (Islamic account) option available
• EAs, Hedging, Scalping, News Trading are permitted.
• This account type is suitable for those who are experienced.

3. STP Account

• Minimum deposit starting from $10
• No maximum balance
• Floating spread, starting from 0 Pips
• No commission
• Lot 0.01
• Maximum open lot is unlimited, depending on liquidity availability.
• Leverage up to 1:500
• EAs, Scalping, News Trading, hedging, are permitted
• This account type is suitable for those who are experienced and skilled.

4. Crypto Account

• Minimum deposit starting from $1
• No maximum balance
• Lot 0.01
• Floating spread
• Commission of 0.5% of trading volume
• EAs, Hedging, Scalping, News Trading, and hedging are permitted.
• Account specifically for trading cryptocurrency (Bitcoin, Litecoin, Namecoin, and Peercoin)

Is there an account that interests you? The registration system at FXOpen can be done easily. Namely, simply choose the account type, then click open account link and fill out the registration form. After that, as with most broker registrations, you will be asked to verify your data by uploading proof of identity before making deposit or withdrawal payments.

In addition to the above real account types, broker FXOpen also provides demo accounts and PAMM accounts. A demo account can be created for free, for your practice trading and strategy development. While a PAMM Account is more intended for those who want to become a professional trader (investment manager) or vice versa, entrust funds to be traded by a professional trader.