Due to the current high volatility across all financial markets, FXOpen have taken the decision to increase margin requirements by up to 5 times their normal level in order to protect client funds. The change affects currency pairs, indices, metals and commodities and will take effect from March 17th until further notice. Please ensure you have sufficient margin to cover any open positions.
Cryptocurrencies are unaffected by this change.
Please consider these circumstances when planning your forthcoming trading activities.
As we know, today at an emergency meeting the US Fed decided to cut its key interest rate to 0-0.25% to support the economy. However, despite this, stock indices are currently falling following the news of the coronavirus pandemic.
With the fall of Asian and European indices, as well as US Index Futures, Bitcoin is also losing ground. However, in the near future, Bitcoin might attract the demand of investors as an alternative asset. Halving can give Bitcoin additional growth.
You should not expect a quick recovery in stock prices, while the spread of coronavirus continues, which impedes the normal functioning of the economy. Following an almost complete stoppage of the largest economies in the world, the number of infected continues is growing exponentially, which indicates the insufficiency of the measures taken. This factor may further destabilize markets. With this development, it is also likely that currencies in emerging markets will decline, as well as a rapid increase in volatility in the Forex market.
If stock indices hold on at current levels and coronavirus recedes, a rally in all markets can be expected. Creating a vaccine can “blow markets.” .
Based on the current situation, guided by the rules of risk management and in order to preserve client funds, FXOpen decided to increase margin requirements. We sincerely hope for your understanding.
FXOpen is pleased to announce the launch of a brand new trading account – Crypto 10, where you can access high leverage, low cost cryptocurrency trading from as little as $10.
Learn more about our new Crypto 10 accounts in FXOpen knowledge base.
On March 8th, 2020 FXOpen will switch its trading servers 1 hour ahead, from GMT +2
to GMT +3.
The change will affect all types of FXOpen trading accounts. In ECN, STP and Micro accounts summer time will take effect starting with the market opening on Monday, March 9th 2020. In Crypto accounts, where trading is available during the weekend, traders will experience the change immediately after it occurs, on Sunday, March 8th, 2020.
The changing of server time should not impact your open trades or the process of opening, placing, closing and modifying orders. However, keep this in mind when planning your trading and do not forget to adjust the time settings in your Indicators and Expert Advisors.
FXOpen is pleased to announce that we’ve added a new method of depositing and withdrawing funds. Clients from Indonesia and Vietnam can now carry out transactions via Instant Bank Transfers. Instant Bank Transfers are transactions made from an online bank account in a local currency.
To celebrate the launch, clients can deposit for free, paying 0% commission for the first month of use.
FXOpen is launching "CryptoMania" – a new contest for demo accounts. Anyone can join the competition to test their ability in crypto trading. "CryptoMania" is a unique opportunity not only to gain invaluable trading experience, but also win a prize fund of 3,000 USD. Free participation. Start: March 9, 2020. Registration is open until 22nd March.
The prize money will be added to your account in any cryptocurrency available with FXOpen at the exchange rate at the moment of prize crediting or in USD.
Please note that 50% of the prize money cannot be withdrawn. It is intended only for trading on Crypto accounts. To get the money, you will have to open a Crypto account and send the account number to [email protected].
The profit from trading can be withdrawn at any time via any payment system available with FXOpen. You should also remember to comply with the competition rules, violation of which would lead to disqualification.
Newbies should register an account with FXOpen or ForexCup, make sure that the "First Name" and "Last Name" fields are filled in the Settings → Profile section and join the contest with your account data.
We would like to advise you that we are consolidating trading in all variations of each Equity Index CFD, into a single version in order to create a more efficient trading environment in these products.
On Saturday 4th April 2020 we are decommissioning the below index products:
On Monday 24th February 2020, the above products will be set to ‘close only’ trades. We would like clients to move all existing positions and trading to the below mini variants of these products, detailed below.
Please consider these changes when planning your trading activities and ensure you’ve moved your positions by 4th April.
FXOpen is running a Valentine’s Day Promotion exclusively for our traders. Deposit 200 USD or more (or equivalent currency) in your FXOpen eWallet until February 21 to be entered into the prize draw for the iPad giveaway.
The winner will be chosen randomly from active trading accounts at the end of the promotion.
All clients with MT4 and MT5 accounts who deposit at least 200 USD during the promo period (excluding deposits made by Bank Wire Transfer).
Ending Date: February 21, 2020
We wish you a happy Valentine’s Day!
FXOpen is glad to announce that we’ve added a new method of depositing and withdrawing funds. Now the company’s clients from Malaysia and Thailand can carry out money transactions via Instant Bank Transfers. Instant Bank Transfers are transactions made from a bank account online in a local currency.
In the first month, all FXOpen clients can add funds to their accounts with 0% commission to become familiarized with the product.
FXOpen and ForexCup are launching “Money Managers”, a competition on real PAMM accounts, and inviting traders to take part in the competition. Become a winner of huge money prizes for a total of $10,000. The contest starts on February 3, 2020. Registration is open until March 1.
The prize will be added to an investment account according to 50/50 offer (50% of the profit goes to the manager, 50% – to the investor (company)).
During the contest it is allowed to use only one PAMM account by one participant, add or withdraw money from accounts, receive investments to PAMM accounts, create offers, use all instruments of a PAMM system without restrictions, use any trading strategies, advisors (AEA, MEA, etc.) and any other standard MT4 add-ons and scripts.
It is prohibited to hide statistics of your PAMM account such as equity, drawdown, exposure level, completed trades. This data must be available for viewing at all times.
The company withdraws the prize funds in case of non-compliance with the above conditions.
Please note that due to the celebration of US Martin Luther King Day on Monday, January 20th, 2020 in the US trading hours for some financial instruments will be changed as follows:
Other indices will be traded without changes.
Please consider this information when planning your trading for the upcoming week.