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Knowledge base: English
What has been introduced over 2016
Posted by Olga Palikarpava on 28 December 2016 12:25 PM

Dear Clients!

We hope that traders have spent another profitable year with FXOpen. The company has made every effort to provide the best service and trading conditions to its clients. Here is a brief overview of the major new features and functionality that we introduced in 2016.

  1. New FXOpen's Local Partner
  2. New PAMM Service Feature: Import of Trading History
  3. New Cryptocurrency Added: Ethereum
  4. New Cryptocurrency Instrument Added: DSH/BTC
  5. Withdrawal via Credit/Debit Cards Simplified
  6. New ECN Account Currency: Bitcoin
  7. New Payment System Added: ePayments
  8. Branded Debit Cards for Clients
  9. New Payment Method Added: paysafecard
  10. Changes to Trading Hours for CFD Indices
  11. FXOpen Analytics Launched

1. New FXOpen's Local Partner

FXOpen announced new opportunities for clients located in the MENA region (Middle East and North Africa). An independent local partner called Venture Capital Inc. with offices in Cairo (Egypt) and London (UK) started operating back in December 2015.

The main goal of the MENA partner is dealing with FXOpen clients and third parties by providing information support, analysis, and help resolving issues. 

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2. New PAMM Service Feature: Import of Trading History

FXOpen introduced a new exciting feature for PAMM Master account holders. You can import your past trading history from another trading account, which will help you attract more potential Followers to a PAMM account. This way, all account statistics, including equity, gain and drawdown, is showcased to potential Followers as if you have been trading on a PAMM account from the start.

Trading history will be automatically uploaded after you specify an FXOpen trading account number or enter a link to your Myfxbook profile on the PAMM account opening form.

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3. New Cryptocurrency Added: Ethereum

Ethereum is now available for depositing/withdrawing funds and for trading on FXOpen Crypto accounts. Being the world's 2nd popular cryptocurrency, Ethereum utilizes the best achievements of the blockchain technology and incorporates many features that are not limited to cryptocurrency.

Three new currency pairs were added to Demo and Live Crypto accounts: ETH/USD, ETH/BTC and ETH/RUB. Click here for a detailed list of trading instruments and contract specifications on Crypto accounts.

Ethereum is now also accepted as a payment method. The minimum deposit or withdrawal amount via Ethereum is 0.01 ETH. FXOpen does not charge a commission for deposits via Ethereum. The withdrawal commission is 0.01 ETH.

You can find a more detailed information on deposits and withdrawals via Ethereum in our knowledge base.

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4. New Cryptocurrency Instrument Added: DSH/BTC

In addition to trading instruments that include Ethereum (ETH/USD, ETH/BTC and ETH/RUB), FXOpen has added the DSH/BTC pair to Demo and Live Crypto accounts. Dash (DSH) is a cryptocurrency based on the Bitcoin technology. Please find the detailed contract specifications for Crypto account here.

FXOpen clients who prefer to trade cryptocurrency can now multiply profits by using these innovative trading instruments.

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5. Withdrawal via Credit/Debit Cards Simplified

The terms of withdrawing money from accounts via Credit/Debit cards has been improved. There is no need to wait 30 days after the date of your latest deposit. Funds can now be withdrawn at any time provided that deposit and withdrawal are made via one and the same card. If you want to withdraw profit via another payment system, the following restriction applies: withdrawal is available after 30 days of the Credit/Debit card deposit date. Details…

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6. New ECN Account Currency: Bitcoin

FXOpen has introduced a new ECN account currency: mBTC (millibitcoins). 1 mBTC (millibitcoin) equals 0.001 BTC. Adding of new currency will help traders reduce conversion costs. The full list of ECN account currencies is as follows: USD, RUB, AUD, EUR, CHF, GBP, JPY, SGD, Gold, mBTC.

To open a millibitcoin account, log in to My FXOpen area and open an ECN account and select mBTC as an account currency. Learn more about FXOpen ECN accounts.

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7. New Payment System Added: ePayments

FXOpen offered a new option of depositing and withdrawing funds. ePayments is a company headquartered in London that provides a platform for fast and secure online payments. The payment system fully complies with the FCA’s rules.

FXOpen accepts transfers via ePayments in the following currencies: USD, EUR, RUB. Deposits are instant with the commission of only 1%. Withdrawals are typically processed within 1 hour during the working hours and the commission is 0%. Detailed instructions on how to make a deposit or withdraw funds via ePayments can be found in our Knowledge base.

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8. Branded Debit Cards for Clients

FXOpen offers a unique opportunity to order a special FXOpen-branded ePayments prepaid MasterCard® for making online and offline purchases or withdrawing cash at an ATM. The cards are available in EUR and USD and support the MasterCard contactless payment technology. More details on using the co-branded card...

To order a card, log in to your My FXOpen area and select Add account → Debit cards → MasterCard. You will see two options: request a new card or link an existing card to your FXOpen eWallet. It costs 35 USD or 29 EUR to issue the unique FXOpen card. Follow this link to find out more about the fees and limits. The card will be emailed to you within 3-6 weeks.

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9. New Payment Method Added: paysafecard

FXOpen presented paysafecard as another accepted payment option. paysafecard is a leading provider of online prepaid payment methods. The paysafecard can be purchased in a number of shops or in online shop in some countries.

Your paysafeсard account can be topped up using a 16-digit PIN worth of 5, 10, 25, 50 or 100 EUR. The face value of paysafecard depends on your country. Deposit commission is 8.25%. No commission for a withdrawal is charged.

Learn how to make a deposit and withdraw funds via paysafecard in our Knowledge base.

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10. Changes to Trading Hours for CFD Indices

Starting from December 5, 2016, trading hours for the listed below CFDs have changed. Trading opens at 01:00 Server Time (GMT +2) for:

  • Australia 200
  • Europe 50
  • France 40
  • Japan 225
  • UK 100
  • US SPX 500
  • US SPX 500 (Mini)
  • US Tech 100
  • US Tech 100 (Mini)
  • Wall Street 30
  • Wall Street 30 (Mini)

Learn more about trading conditions and contract specifications on ECN accounts.

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11. FXOpen Analytics Launched

FXOpen Analytics is a financial performance-tracking tool that was formerly only used by professional PAMM Masters. It helps you track and analyze your trading performance like professional money managers, allowing you to set trading goals and monitor your progress. In-depth analysis helps determine the strong and weak points of your trading style, identify the best currency pairs and time to trade, minimize your risks and increase profits.

The tool provides you with an additional opportunity to showcase your trading results to the Forex community. You only need to generate a public link, and your trading results in charts and diagrams will become visible to other traders. Global rankings allow you to analyze the efficiency of your trading strategy compared to other FXOpen Clients.

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To get up-to-date information on the company news and events, please visit our BlogForum and follow the latest News!
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