STP Technology
Slippage control ('cancelled by dealer')
Order execution in STP accounts is designed in a way that provides super-fast execution as well as excludes any dealer intervention in the process. However, these significant advantages might possibly cause adverse high slippage in rapid-moving ...
Islamic accounts and Swaps
FXOpen offers SWAP-free Islamic accounts which are compliant with Sharia laws for Muslim traders. If you are not sure if your account is Islamic or not, please contact FXOpen Customer Support, give your account number and ask to make your account ...
Expert Advisors
An Expert Advisor, also known as an EA, is a mechanical trading system used for Forex trading. Expert Advisors allow for automatic trading to take place, freeing the trader from continuously having to watch the market. Making a profit while trading ...
Strategies on STP
STP accounts allow scalping without limitations. Your trades may stay open for several seconds only and you can place Stop Loss, Take Profit and Stop and Limit Orders within the spread (1 or 2 pips away from the current market price). Hedging in STP ...
Margin Call and Stop Out
In STP accounts, the Margin Call is triggered when the Margin Level (Equity to Margin ratio) is less than 50% (i. e. the equity of your trading account is equal to the margin used to open the positions). A position is stopped out (closed by broker ...
Leverage in STP accounts
Leverage available for FXOpen STP accounts: 1:1 - 1:500 for accounts from $10 up to $25,000; 1:1 - 1:200 for accounts from $25,000 up to $100,000; 1:1 - 1:100 for accounts from $100,000 up to $1,000,000. negotiable over $1,000,000.To change your ...
Types of orders on STP
On STP accounts there can be opened the following types of orders: Market Order Limit Order Stop Order Stop Loss and Take Profit Pending orders, Stop Losses and Take Profits can be placed just a few pips away from the market price and even within the ...
Transaction Size in STP
The Minimum transaction size on STP accounts is 0,01 lot (1000 units of the base currency). If you do not see the exact volume you'd like to trade in a drop-down list in the New Order window, type the volume in the Volume field. The Maximum ...
Minimum Deposit and Maximum Balance
The minimum required deposit and maximum balance can be found in the TRADING > Trading Accounts > STP section on the company's website.
Commissions
Commissions on STP to open/ close a trade In STP accounts the broker's trading commission is included into the spread. The spread is floating and depends on the buy and sell orders available in FXOpen ECN. Maintenance Fee to keep inactive STP ...
Price quotation and spread
STP quotation STP accounts have 5th decimal pricing (0.12345). Available Liquidity provided by the Counterparties is displayed in Quote Flow window of the Market depth monitoring application. Market depth level 2 includes the following additional ...
Financial Instruments
FXOpen offers 50 currency pairs, gold and silver for trading in STP accounts. See the full list of instruments. Margin requirement for Gold and Silver is always 1% (equal to 1:100 leverage), no matter which leverage is selected in Client portal. ...
How to open demo STP & real STP account
How to open Demo STP account in the Client Portal Log in to the Client Portal. Click Add account → Demo in the main menu. Fill in the account opening form: Set the leverage (from 1:1 to 1:500); Set the initial balance (from 1,000 to ...
Partial Fills
Partial fill — a common practice on the MT4 platform when using No Dealing Desk execution. Partial fills occur when a market place does not have sufficient volume of the instrument to open or close a trade due to low liquidity. The round-turn ...
STP - General Overview
STP (Straight Through Processing), as ECN technology gives you direct access to the Forex market (interbank market) where you can trade with other traders and your orders are actually displayed in the market and are seen by others, who in turn can ...