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What has been introduced over 2015
Posted by Olga Palikarpava on 05 January 2016 05:47 PM

Dear Clients!

Over 2015 FXOpen has introduced some new features which, we hope, made your trading experience with us even more comfortable, productive and profitable. Below you can find the information about most important events of 2015.

  1. New Trading Instruments for ECN Accounts
  2. Changes to ECN Trading Conditions
  3. Changes to Precious Metals Trading Conditions
  4. Changes to Trading Conditions for Micro and Standard Accounts
  5. Changes to Islamic Accounts
  6. Changes to PAMM Trading Conditions
  7. Changes to Partnership Program
  8. One Click Trading and Level 2 Plugin (OCTL2) — Version 1.24
  9. MetaTrader4 WebTrader

1. New Trading Instruments for ECN Accounts

FXOpen launched Contracts For Difference (CFDs), Oil and Natural Gas offerings for ECN Accounts.

This new development has expanded the range of financial tools available to our clients with new trading instruments including 13 CFDs, Oil and Natural Gas markets.

Learn more about Contracts For Difference (CFDs), Oil and Natural Gas offerings for ECN Accounts.

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2. Changes to ECN Trading Conditions

FXOpen has made some exciting changes to our ECN trading terms:

  • The minimum transaction size was reduced to 0.01 lots.

  • The minimum initial deposit was reduced from 1,000 USD (or currency equivalent) to only 100 USD.

  • The way for calculating the commission charged per trade was changed. From December 14, 2015 the commission rate depends on the account equity and the monthly trading volume. The commission rate can therefore decrease or increase from month to month depending on the traded volume in USD terms for previous period and also the account balance at the recalculation time. For more information see detailed commission rates.

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3. Changes to Precious Metals Trading Conditions

The ticker symbol XAUUSD replaced GOLD and XAGUSD replaced SILVER. Thus, the currency codes for gold and silver on FXOpen servers have been adjusted under ISO 4217 international standard.

Also FXOpen removed the fixed leverage of 1:100. Now our clients can set the leverage in accordance with their wishes and needs when trading XAUUSD and XAGUSD.

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4. Changes to Trading Conditions for Micro and Standard Accounts

To make trading conditions for Micro and Standard Accounts in line with trading conditions for ECN, STP and Crypto Accounts the spread type on Micro and Standard Accounts have been changed from fixed to floating.

Also the quotes on Micro and Standard Accounts are more accurate now with the change to pricing format as quotes are displayed using five fraction digits – 0,12345.

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5. Changes to Islamic Accounts

Traders with Islamic accounts are now charged an additional commission for overnight positions. The amount of the commission equals the Swap value associated with a specific trading instrument. The commission is charged on a daily basis during the rollover procedure.

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6. Changes to PAMM Trading Conditions

FXOpen introduced a shortened trading interval. Now the minimum trading interval is only 7 days after which the Master Fee is calculated and Slaves can withdraw both the deposit and the profits. With this trading Intervals available with FXOpen are as follows:

  • 1 week (7 days) – week;

  • 4 weeks (28 days) – month;

  • 12 weeks (84 days) – quarter.

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7. Changes to Partnership Program

Partnership program now only covers ECN, STP and Crypto accounts.

Partnership commission for STP accounts now starts from 2.4 pips and may increase depending on the volume traded by your referrals.

For more information about commission multipliers see relevant article in Knowledge Base.

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8. One Click Trading and Level 2 Plugin (OCTL2) — Version 1.24

FXOpen team is constantly improving OCTL2P application in order to make your trading process even smoother and more convenient.

The new version offers several functional improvements, including support for CFD instruments, enhanced histogram drawing and user interface, as well as some minor bug fixes, improved stability etc.

Dowload One Click Trading and Level2 Plugin.

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9. MetaTrader4 WebTrader

FXOpen launched WebTrader – an online version of the popular MetaTrader 4 platform. Now you can access the trading terminal through your preferred web browser and trade wherever you are.

To learn more about the new trading platform read the WebTrader section in Knowledge Base.

Start trading with WebTrader.

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