Account types
Account types
Please, see the list of available Trading Account on the Company's websites. FXOpen Markets: Trading Accounts FXOpen UK: Trading Accounts FXOpen AU: Trading Accounts FXOpen EU: Trading Accounts
Trading accounts: how to add
To open a trading account: Log in to the Client Portal. In the Add Account menu, under Trading Accounts, select the account type. Learn more about available account types in the TRADING > Trading Accounts section on the company's website. Read the ...
PAMM accounts
Trading terms for PAMM accounts PAMM account (PAMM — Percentage Allocation Management Module) is a special trading account based on trust management. Managed account (PAMM) enables a professional trader to manage funds of many investors on one live ...
ECN
ECN stands for Electronic Communications Network formed by investment funds, banks, traders, etc. Due to the Forex market being largely unregulated, there is no central exchange for Forex and trading is performed on an OTC (Over The Counter) market. ...
STP
STP (Straight Through Processing) gives you direct access to the Forex market (interbank market) and offers the best prices, low spreads and 5th decimal pricing format. Unlike ECN, broker's commission is included in the difference between the best ...
Micro
Micro accounts are based on the Market-maker model, i.e. there is no direct access to the Forex market (interbank market), as a broker (dealing center) makes a market for its clients. A company becomes a liquidity provider that quotes both a buy and ...
Inactive account fee
A trading account is deemed inactive (or ‘dormant’) if there are: no trades or open positions; or no deposits, withdrawals or transfers for FXOpen Markets over a period of 90 days, for FXOpen UK - 6 (six) months, for FXOpen EU - 12 (twelve) months, ...
Difference between STP and ECN accounts
STP and ECN operate as the NDD (No Dealing Desk) which means that traders' orders are forwarded to the interbank market without being processed by the dealing desk. Also STP trades are forwarded directly to liquidity providers while ECN trades form ...