Hi All

By now I think many of you know FXOpen but for those who don't...

In 2003, FXOpen opened as an educational center in Cairo, Egypt educating and preparing individuals and groups in technical analysis for stocks and foreign exchange.

In early 2005, FXOpen opened its own dealing service, and has since been at the forefront of the Retail Forex industry by striving to offer the best trading conditions, training and financial services to traders around the world.

FXOpen is a true success story achieved with strong customer service principles, flexible options, attractive promotions and a dedication to being the best.

Now in 2009, in addition to servicing Retail Forex clients via the industry standard trading platform, Metatrader 4, FXOpen is proud to announce the launch of its innovative ECN/STP service.

The FXOpen ECN/STP service is unique in the way that it bridges the world's top liquidity providers into one MT4 platform offering not only an ECN price feed but also true ECN/STP execution and fills. FXOpen also provides an excellent PAMM service that combines multiple accounts into one account for the convenience of money managers.

From inception, FXOpen, has been one of the foremost trading service for Islamic traders with Sharia compliant swap free accounts being provided to give Muslims the same opportunity as is offered to clients worldwide. As a company with a global vision, FXOpen has been and always will be a company that tries to understand the different needs of traders from all cultures and beliefs.

FXOpen, with its extensive global reach, wide range of services, strong growth and experienced team of professionals, is your best traveling partner along the road to success.

FXOpen has a very flexible range of account options. Micro accounts with a minimum deposit of $1, Standard accounts from $25 and ECN/STP accounts from $1000. The spread is competitive from 2 pips on eur/usd and on ECN/STP accounts from 0.5 pips (even negative spread is possible on ECN accounts!).

FXOpen ECN/STP accounts also offer for the first time, LVL II quotes with MT4 to allow you to see true market depth. You can see the liquidity in real time!

FXOpen is a fully licensed and government regulated Forex company.

As a financial investment company, "FXOpen Investments Inc" has a Category 1 Global Business License issued by the Financial Services Commission (FSC) of the Republic of Mauritius.

Company No.: 084573 C1/GBL; Category 1 Global Business № C108006805 License

"FXOpen Investments Inc." has the right to govern financial assets of its clients, carry on brokerage activity, make deals and conduct transactions in currency, stock and futures markets. The Company's activity completely satisfies the requirements of legislation and is controlled by the following laws:

* "Financial legislation 2007, article 93 "Deals"
* "Financial legislation 2005, article 155 "Securities"
* "Financial legislation 2005, article 130"

Please discuss FXOpen in this thread and if you have any questions, feel free to ask and I will answer.

Hmmm fxopen and fxegypt again..................Hope you have started giving better service now and work on your promotions too

Hi there

FXOpen is always improving it's services. Maybe you haven't heard about us for a while? Last year we grew healthily to the point where we are turning over $55 billion+ through our servers monthly.

We also announced the availability of ECN accounts and a PAMM system for account managers.

So yes, FXOpen has improved and is still improving :)

Hi there

FXOpen is always improving it's services. Maybe you haven't heard about us for a while? Last year we grew healthily to the point where we are turning over $55 billion+ through our servers monthly.

We also announced the availability of ECN accounts and a PAMM system for account managers.

So yes, FXOpen has improved and is still improving :)


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Thats good and sweet to hear because a friend of mine had an account like 3 years ago and he could not log in after some tine. He lost $250 in that account because of it

lets hope this broker actually improving as they say but i wont bet on it for now ,,,,,,a leopard never loses its spots,i also think that the ECN TRADING stuff being implemented by most brokers is actually in the best interest on traders

You can say that again, i did not register an account with them then because my friend was always complaining of stoploss hit even when his trade is right

stoploss hunting a favorite past time of brokers ,just the same as spikes, Micheal FXOPEN review have not improved on the different forums so i dont need have a bad experience to confirm

stoploss hunting a favorite past time of brokers ,just the same as spikes, Micheal FXOPEN review have not improved on the different forums so i dont need have a bad experience to confirm

i see, just brought the issue out and it is good for new account creators. Let me make you laugh here. its a real story. I have someone who owns an affiliate account with Forex Place and after referring close to 50 people, he made over $2500 that month. When he requested for withdrawal, they called him to tell him that none of his clients has lost all deposits, so they cannot give him his withdrawal. Isnt it absurd. Though they offer good services for clients but they still cheat

Posted By michaelfx on 16 Jan 2010 05:39 AM
You can say that again, i did not register an account with them then because my friend was always complaining of stoploss hit even when his trade is right

Hi Michael

If your friend's stop loss was hit then his trade was obviously not right ;) I have had the market hit my stop loss exactly to the pip even on ECN. If you are wrong, you are wrong and you need to sit back and work out why you went wrong so you don't do it again.

Posted By dongini on 16 Jan 2010 08:19 AM
stoploss hunting a favorite past time of brokers ,just the same as spikes, Micheal FXOPEN review have not improved on the different forums so i dont need have a bad experience to confirm

Hi Dongini

Can you point out any reviews in particular that you would like clarified?

As for the stop hunting thing, it is a favourite excuse for poor traders to blame their broker, instead of blaming themselves and learning from it. In any case, the only ones who can stop hunt on ECN are the ones with much bigger money than you hunting with the LVLII quotes ;)

Fxopen has no reason to stop hunt clients. Our income is from commissions so wiping out our clients would be a very bad business practice don't you agree?

Posted By dongini on 16 Jan 2010 08:19 AM
stoploss hunting a favorite past time of brokers ,just the same as spikes, Micheal FXOPEN review have not improved on the different forums so i dont need have a bad experience to confirm


Hi Dongini

Can you point out any reviews in particular that you would like clarified?

As for the stop hunting thing, it is a favourite excuse for poor traders to blame their broker, instead of blaming themselves and learning from it. In any case, the only ones who can stop hunt on ECN are the ones with much bigger money than you hunting with the LVLII quotes ;)

Fxopen has no reason to stop hunt clients. Our income is from commissions so wiping out our clients would be a very bad business practice don't you agree?

There are many reviews against fxopen, if we are to post , this page would be too full. I have loads of review in me if you need them and proofs too.

Posted By michaelfx on 18 Jan 2010 05:38 AM

Posted By dongini on 16 Jan 2010 08:19 AM
stoploss hunting a favorite past time of brokers ,just the same as spikes, Micheal FXOPEN review have not improved on the different forums so i dont need have a bad experience to confirm


Hi Dongini

Can you point out any reviews in particular that you would like clarified?

As for the stop hunting thing, it is a favourite excuse for poor traders to blame their broker, instead of blaming themselves and learning from it. In any case, the only ones who can stop hunt on ECN are the ones with much bigger money than you hunting with the LVLII quotes ;)

Fxopen has no reason to stop hunt clients. Our income is from commissions so wiping out our clients would be a very bad business practice don't you agree?

There are many reviews against fxopen, if we are to post , this page would be too full. I have loads of review in me if you need them and proofs too.

I would be happy to deal with each and every issue you may have with FXOpen.

fxfrench , thee income of most brokers does not come from commissions but also from placing counter trades with their clients,and micheal said u should check reviews from forexpeace army and or review pips .com

You als need to check reviews on earnforex.com too, might give some clue. I only notice improvement on your website but i can beleive you have improved your services if i try you out but saying you have not been having great flaws like working towards stoplosses is no issue because i witness it myself

Posted By dongini on 19 Jan 2010 09:01 AM
fxfrench , thee income of most brokers does not come from commissions but also from placing counter trades with their clients,and micheal said u should check reviews from forexpeace army and or review pips .com

How can FXOpen trade against it's clients on ECN? It is not in our best interests to wipe out our clients in purpose. We even have education centres opened in Malaysia and Egypt with teachers that have government recognised credentials to teach people how to trade profitably.

We have a very good relationship with FPA. If you look at some of the scam claims against the company there, none of them have proven to be true. If they were, FXOpen would be marked as a scam on FPA wouldn't it?

Posted By michaelfx on 19 Jan 2010 10:38 AM
You als need to check reviews on earnforex.com too, might give some clue. I only notice improvement on your website but i can beleive you have improved your services if i try you out but saying you have not been having great flaws like working towards stoplosses is no issue because i witness it myself

All of the review sites mentioned in this thread give fxopen an overall high rating so I don't understand what you are getting at.

As for the stop loss issue, do you expect to never have your stop loss hit? Everyone has stop losses triggered. Even the best of us.

Can you give me any specific example of where you felt that your stop loss was hunted by the broker?

It wasnt my account but my friends account. He traded a pair, i think gbpusd about 1and a half years ago with your platform and you closed the account at a loss just before the price even got to that level and he wouldnt have lost because the trade was retracing. I saw several others like that and compared tro my broker than and i tell you i did not like it. I understand you can improve but not to deny the previous stuff. Thanks and i am not angry at all. I can still open an account with you if i am sure of good service. I know brokers tricks.

Posted By michaelfx on 20 Jan 2010 10:43 AM
It wasnt my account but my friends account. He traded a pair, i think gbpusd about 1and a half years ago with your platform and you closed the account at a loss just before the price even got to that level and he wouldnt have lost because the trade was retracing. I saw several others like that and compared tro my broker than and i tell you i did not like it. I understand you can improve but not to deny the previous stuff. Thanks and i am not angry at all. I can still open an account with you if i am sure of good service. I know brokers tricks.

Did he experience a margin call perhaps? That's what it sounds like anyway.

On Stop Losses, look at my account today. (This is on the MM platform btw)

Trading GBP/JPY and the low was just 4 pips from my stop loss before reversing back up. Does that mean there was no stop hunting, or that I put my stop loss in exactly the right place? :D

Hmmm, fx french, thanks for the chart, did you ge to loose the trade? but he lost his almost similar to yours and i tell you there was no margin call

Posted By michaelfx on 21 Jan 2010 05:27 AM
Hmmm, fx french, thanks for the chart, did you ge to loose the trade? but he lost his almost similar to yours and i tell you there was no margin call

No. Closed it for +54 pips. As for your friend, it's a bit late to debate it now. Main thing is, FXOpen is an honest broker. We are not out to make you lose or make it difficult for you in any way. We have different types of account from Micro, to standard on a fixed spread MM basis, and also true ECN accounts.