FXOpen was the first Forex broker to develop and offer its clients ECN trading and execution via the popular MetaTrader4 platform.
ECN is an electronic communication network that links different participants of the Forex market: investment funds, banks, individual traders, etc. To execute your order, the ECN technology searches through all orders placed by its participants in real time. Once it finds an opposite order with the matching price and enough volume, your order is executed. There are no intermediaries or dealers involved in the execution process.
The ECN technology allows traders to specify the conditions at which they are ready to conclude the deal and the volume of the order is only limited by the market liquidity. This gives a trader the opportunity to easily execute large-volume orders.
In ECN accounts, the trader gets the variable Interbank spread with no additional pips added to this price by FXOpen. Instead, commission is charged (in USD per million) on each trade. However, Forex ECN trading is still more cost-efficient than trading on the Market Maker accounts with fixed and wider spreads.
Due to advanced price aggregating technology, FXOpen clients can benefit from the tightest spreads and low commissions. FXOpen ECN Aggregator processes orders from all participants of the ECN and offers traders the best real-time price feed.
**The round-turn commission for a 1 lot position (100,000) is equal to
units of the base currency per round turn for Micro ECN accounts;
units of the base currency for Standard ECN accounts
units of the base currency for VIP ECN accounts.
Trading commissions are a subject to review in case of high trading volumes. Right after you open a trade, you will see the round turn commission charged.
Net Deposit – is the sum of all deposits minus the sum of all withdrawals in USD.
ECN commission may vary if you open an account through an affiliate, IB or franchise. Please, contact your referring agent for details.
Changes to account type up to the next level due to additional deposits or trading profit are not automatic and can only be performed by emailing an account type change request to
including your trading account number and the type that you require (Std/VIP)
Trading on the Forex market involves substantial risks including total loss of your trading capital and may not suitable for all investors. Investors should make an independent judgement as to whether trading is appropriate for him/her in light of his/her financial condition, investment experience, risk tolerance and other factors. Information and market analysis on this site is considered to be General Advice and may not be suitable for your personal financial position.
Before performing any transaction with FXOpen, please read theFinancial Services Guide and Product Disclosure Statementwhich may be downloaded from this site or obtained in hard copy by contacting our office.
FXOpen AU Pty Ltd is authorised and regulated by the Australian Securities & Investments Commission (ASIC).AFSL 412871ABN 61 143 678 719