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What has been introduced over 2014
Posted by Olga Palikarpava on 19 February 2014 12:57 PM

Dear Clients!

On the eve of the New 2015 we are happy to share with you the results of our work.

Over 2014 FXOpen has added crypto-currencies for trading, successfully introduced two trading accounts (Crypto & STP), launched VPS-hosting, and updated its website design including the personal area. We hope that these new features and a number of opportunities helped to make your work with FXOpen even more comfortable and productive!

Please, follow our most important achievements below:

  1. New payment option: LiqPay
  2. New payment options: Crypto-currencies
  3. New trading account: Crypto
  4. STP Welcome Bonus
  5. Referral program for STP accounts
  6. Two-Factor Authentication
  7. Changes to MetaTrader 4
  8. New financial instrument
  9. Referral program for Crypto accounts
  10. Crypto Welcome Bonus
  11. Trading Accounts in Bitcoin, Litecoin and Gold
  12. One Click Trading and Plugin Level 2 – Version 1.22
  13. Windows VPS Hosting
  14. Payments via China UnionPay (bfopay)
  15. FXOpen updated design and functionality

1. New payment option: LiqPay

FXOpen offered a new payment option - LiqPay

LiqPay is an effective instant bank transfer service. You can use this payment method to send money via mobile devices, Internet and credit cards from all over the world. The main advantage of this system is that you don’t have to open a separate account and remember its credentials. In fact, your LiqPay account is your mobile phone number, and your payment is confirmed by SMS.

FXOpen accepts payments via LiqPay in the following currencies: USDEURRUBUAH. Maximum transaction amount for a deposit/withdrawal is $2500 (or equivalents).

Commission for a deposit - 1.75%

Get more information on how to deposit via LiqPay in My FXOpen.

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2. New payment options: Crypto-currencies

FXOpen started supporting popular decentralized peer-to-peer payment systems as follows: Bitcoin, Litecoin and Namecoin. Now you can deposit and withdraw funds in BTC, LTC and NMC.
Any crypto-currency transactions are available to clients only to/from FXOpen eWallet being 'verified'. The Company retains the right to request any additional documents in accordance with the company’s AML procedure.
 

  • Bitcoin is one of the first implementation of a concept called "crypto-currency", i.e. it uses cryptography to ensure the safety of the system operation. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority.
    Bitcoin is unique in that only 21 million bitcoins will ever be created. However, this will never be a limitation because bitcoins can be divided up to 8 decimal places ( 0.000 000 01 BTC ) and potentially even smaller.
    No commission for adding funds! Commission for a withdrawal - BTC 0.001.

  • Litecoin is a peer-to-peer Internet currency based on the Bitcoin protocol but differs from Bitcoin in that it can be efficiently mined with consumer-grade hardware. The Litecoin network aims to process a block every 2.5 minutes.  A transaction is usually considered complete after six blocks, or 15 minutes.
    The Litecoin network is scheduled to produce 84 million LTCs. Payments in the Litecoin network are made to addresses, which are based on digital signatures. They are strings of 33 numbers and letters which always begin with the letter L.
    No commission for adding funds! Commission for a withdrawal - LTC 0.01.

  • Namecoin is an open source decentralized key/value registration and transfer system based on Bitcoin technology.  Thus there is a limit of 21 million Namecoins. Each Namecoin is divisible down to 8 decimal places.
    The Namecoin blockchain generates a block every 10 minutes on average. This is the same speed as the Bitcoin blockchain needs. Namecoin addresses all begin with “N”.
    No commission for adding funds! Commission for a withdrawal - NMC 0.1. 

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3. New trading account: Crypto

A new trading account called 'Crypto' was added for trading with the following crypto-currencies: Bitcoin, Litecoin, Namecoin and Peercoin. The main difference in trading crypto-currencies is that the system operates in decentralized peer-to-peer (P2P) network.

Now you can trade crypto-currencies with Interbank liquidity, Market Depth of the 250 best ASK/BID prices and other favorable trading terms.

The Crypto account can be opened in USD, EUR, GBP, RUB, JPY. Currently, the below crypto-pairs are available with FXOpen:

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4. STP Welcome Bonus

FXOpen introduced 10 USD welcome bonus for new clients registering eWallet with the company after January 16th, 2014 and opening an STP account! 

When registering an eWallet with FXOpen, you need to verify your mobile phone number.

According to the terms of FXOpen offering, each client may only get one bonus that can be credited to the STP account. The profit gained from trading can be withdrawn from the account after making more than 2 lots of trading turnover. 
Learn more about FXOpen bonuses at fxopen.com or follow the discussions on the FXOpen Forum.

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5. Referral program for STP accounts

FXOpen introduced to its partners the referral program for STP accounts. Now, you can expand your revenues by getting paid a commission from each closed trade in the STP account of your referral.

The standard commission in STP accounts starts from 4 pips and can reach up to 5.4 pips depending on the trading volume of your referrals. The commission is added to your account automatically on a daily basis. As an agent, you can earn up US$1,000 commission per day. The maximum commission for the whole trading period is up to US$10,000.

The STP partnership program has three levels of remuneration. You can receive 100%, 25% or 10% of commission, depending on the level of your referrals.

For more details on the partner's remuneration and commission levels, please go to FXOpen Knowledge Base and follow the discussion on the FXOpen Forum.

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6. Two-Factor Authentication

The 2-factor authentication procedure adds an extra layer of security to your FXOpen account by requiring to enter a security code in addition to your e-mail and password, when signing in to account. A security code can be sent to your mobile phone number or via  the 'Google Authenticator' mobile application. The second method is best-suited for Android, BlackBerry, iPad/iPhone or Windows Phone devices. Read more...

You can enable 2-factor authentication via SMS confirmation or 'Google Authenticator ' in Profile/ Account Security in the main menu of My FXOpen.
 
 
If there are any questions, follow the discussion on the FXOpen Forum or contact our Customer support service.

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7. Changes to MetaTrader 4

The recent MT4 Build 600 and subsequent versions upgrade resulted in some important changes to the MQL4 data structure. As a consequence the folders for saving EAs have been moved. All the EAs, Indicators, Scripts and Library files are now to be saved in different locations.

To access the folder with newly saved EAs data from your MT4 client terminal, click File > Open Data Folder. Open the MQL4 folder:

  • All the experts should be saved in the Experts folder;
  • All the indicators should be savedin the Indicators folder;
  • All the library files should be saved in the  Libraries folder;
  • All the script files should be saved in the Scripts folder.

If you use an earlier MT4 build, please note that once you’ve upgraded to the new version, your EAs, Indicators, Scripts and Library files will be transferred automatically to the folders mentioned above. Please make sure your EAs and/or indicators are working correctly after the upgrade.

Finally, the MQL4 language has also been modified in this latest build. Note, it may interfere with your installed Expert Advisors (EAs) and indicators. Read more...

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8. New financial instrument

The list of available financial instruments for trading on ECN was enlarged with a new currency pair - USDCNH. Now, 50 instruments (instead of 49) are available for traders using ECN and PAMM ECN accounts. See the full list of instruments.

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9. Referral program for Crypto accounts

Key benefits of the referral program for Crypto accounts

By introducing new clients (referrals) to FXOpen Crypto accounts, you, as an agent, can get the following advantages:

  • Minimum of 15 % of FXOpen’s commission for each referral’s closed trade;
  • Loyalty program that allows gaining up to 50 % of FXOpen’s commission;
  • Commission deposited at the end of the trading period for all trades closed by the referrals. 

Commission restrictions and multipliers on Crypto

Follow the discussion on the FXOpen Forum

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10. Crypto Welcome Bonus

FXOpen introduced a no-deposit incentive – welcome bonus in Bitcoin (or a $US10 equivalent value).
To be eligible for the Crypro welcome bonus, you need to verify your mobile phone number when registering your eWallet with FXOpen (for new clients) or to open a Crypto account (for existing clients).

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11. Trading accounts in Bitcoin, Litecoin and Gold

FXOpen extended its multi-currency accounts offering by launching trading accounts denominated in Bitcoin (MBT), Litecoin (LTC) and Gold (GLD). Bitcoin and Litecoin are available as account currency when opening Crypto accounts, and Gold is available for ECN and STP accounts.

For convenience, there were introduced smaller, “fractional” values, comparable to 1 USD or 1 EURO, as units of the base asset for these accounts:

  • 1 GLD – 0.001 troy ounce (equal to approx. 0.03 grams of gold) for Gold-based accounts;
  • 1 MBT – (1 milli-bitcoin) or 0.001 BTC – for Bitcoin accounts;
  • 1 LTC – for Litecoin accounts.

Follow the discussion on FXOpen Forum and Facebook.

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12. One Click Trading and Plugin Level 2 – Version 1.22

This summer FXOpen updated the One Click Trading & Level 2 Plugin – an application specifically designed to simplify trading operations in the MT4 terminal.
The tool efficiency was boosted with the following functional features:
  • Updated L2 histograms launching/drawing;
  • Implemented full-fledged support of crypto accounts;
  • Added diagnostic logging Updated OCTL2 installation process;
  • Updated margin calculation algorithm for FX minors/exotics;
  • Updated support of L2 for ECN/STP accounts and account type recognition for MM/ECN/STP accounts.

Dowload One Click Trading and Level2 Plugin

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13. Windows VPS Hosting

Windows VPS hosting is a new service provided to FXOpen ECN, STP and CRYPTO account holders.

Free virtual private server hosting is possible if:

- the equity in your account is US$5,000 at the end of the month
Or
- your monthly traded volume is US$10,000,000;

If, for some reason, you fail to meet the requirements above, the company offers you to enjoy the advantages of VPS for a small fee – US$30 per month.

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14. Payments via China UnionPay (bfopay)

FXOpen introduced a new payment option for Chinese clients.

 BFOPay specifics: 

  • Instant deposits via China UnionPay cards in CNY;
  • Withdrawals to China UnionPay cards in CNY. 

FXOpen charges 2%-commission for a deposit and 0.5%-commission (min CNY 20) for a withdrawal via China UnionPay.

Get more information on how to withdraw via China UnionPay in My FXOpen.

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15. FXOpen updated design and functionality

In the last quarter of 2014 the company launched an updated design of FXOpen official website, as well as the user's personal account (My FXOpen area).

The updated functionality offers users more comfortable site navigation, more informative and adaptive pages and user-friendly interface.

We hope our new features became quite useful and convenient for you!

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