Based on information from the official website, the FXOpen forex broker provides attractive offers for traders for a limited time. From March 31 to June 2020, the commission charged on ECN accounts is only 0.75 USD per standard lot.
For comparison, the commission rate charged on ECN accounts is 1.50 USD per lot. With these more affordable trading commissions, traders can seize more opportunities and make money from price volatility. In addition, there are no fees charged for the deposit and withdrawal process at FXOpen.
Trading conditions on FXOpen ECN accounts are as follows: minimum deposit 100 USD, lots start from 0.01, and floating spreads start from 0 pips. Price quotes start from 5 digits , making it suitable for traders who need price execution with super tight precision.
Swap Fee Relief on Crypto Instruments
In addition to commission discounts, FXOpen also announced a reduction in Swap Long fees on selected crypto instruments; including: BTCCNH, BTCEUR, BTCRUB, BTCUSD, BTCGBP, and BTCJPY. For trading on the instruments above, the Swap Long fee charged is 5%, while the Swap Short fee remains 10% per year.
FXOpen is a forex broker that has been providing trading services since 2005. The ECN account is FXOpen's superior product, because it provides access to direct price quotes from liquidity providing companies. This multi-regulated broker also provides trading facilities on 24 cryptocurrency pairs.