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What has been introduced over 2018
10 January 2019 10:14 AM

Русский 中文

Dear Clients!

In 2018, FXOpen introduced the following updates and new features:

  1. Deposits and withdrawals via Emercoin
  2. New cryptocurrency pairs on Crypto accounts
  3. SWAP on Crypto accounts reduced to 10%
  4. Launched MetaTrader 5
  5. FXOpen awarded order execution certificate from VMT
  6. Improved account security: custom settings for two-step verification
  7. Updated the account verification procedure
  8. Deposits via local bank transfer for Africa and Asia
  9. Changes to domains: my.fxopenchina.com, my.fxopenasia.com, my.fxopentrading.com

1. Deposits and withdrawals via Emercoin

You can now make deposits and withdraw funds via Emercoin.

Emercoin is a hybrid cryptocurrency that relies on the key features of Namecoin and Peercoin. It employs a POS mining mechanism and uses the same cryptographic algorithm as Bitcoin.

Learn more about deposits and withdrawals in Emercoin.

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2. New cryptocurrency pairs on Crypto accounts

FXOpen added new cryptocurrency pairs with Bitcoin Cash, Ripple, Ethereum Classic, Monero, NEO, IOTA, EOS and OMNI to Crypto accounts. All cryptocurrencies were selected from the Top-20 Coinmarketcap list. We now offer a total of 43 cryptocurrency pairs.

FXOpen made some other minor improvements on Crypto accounts:

  • Reduced the minimum lot for symbols with LTC, DSH and ETH from 1 to 0.1 units of the base currency.
  • Reduced the minimum lot for EMC pairs from 10 to 1 unit of the base currency.
  • The maximum slippage for EMCBTC increased from 3 to 10 points.

For more information, please see trading terms and contract specifications for Crypto account.

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3. SWAP on Crypto accounts reduced to 10%

We reduced SWAP on Crypto accounts from 18% to 10% per annum.

Learn more about trading terms for Crypto account.

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4. Launched MetaTrader 5

The MetaTrader 5 trading platform is now available to FXOpen traders.

MetaTrader 5 is a multi-asset trading platform developed by MetaQuotes Software Corp. It is now the most popular free terminal for online trading. Compared to MT4, the MT5 terminal has advanced functionality and provides traders with a variety of tools for successful Forex trading. You can trade on the desktop, mobile or web version of MT5.

Please note that only ECN accounts are supported in MT5. Trading conditions on MT5 ECN accounts are the same as on regular ECN accounts.

Learn more about the MetaTrader 5 platform.

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5. FXOpen awarded order execution certificate from VMT

FXOpen has been successfully certified by the Financial Commission (an independent organization for dispute resolution in Forex). The order execution certification was carried out by VerifyMyTrade (VMT), an independent audit company.

On 20 September 2018, VMT audited a sample of 5,000 order executions from FXOpen and based on the audit, the Commission has issued an execution quality certification to FXOpen. FXOpen will continue to submit order execution data to VMT to ensure our order execution continues to meet the standards set out for all members of the Financial Commission.

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6. Improved account security: custom settings for two-step verification

We improved the settings of two-step verification in My FXOpen personal area.

Two-step verification increases the security of your account and protects it from unauthorized access by third parties.

Security codes are used as an additional verification step when you log in to My FXOpen, confirm withdrawals, or perform other operations. Now you can choose how to get security codes: via SMS, in the Google Authenticator app, via email or using backup codes.

You can enable one or more security identities for two-factor authentication and withdrawal confirmation. Learn more about security identities.

Verification settings are available in Settings → Account Security in My FXOpen.

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7. Updated the account verification procedure

We updated the account verification procedure. Now there are 4 grades of account verification. The verification procedure is different for each grade.

Learn more about verification grades.

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8. Deposits via local bank transfer for Africa and Asia

Local deposits via credit cards and instant wire transfer are now available in the following countries: Nigeria, Ghana, South Africa, Kenya, Thailand, Vietnam, Malaysia, Indonesia, and China.

Learn more about the deposit procedure for:

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9. Changes to domains: my.fxopenchina.com, my.fxopenasia.com, my.fxopentrading.com

FXOpen introduced important changes for clients that use the following domains:

If you use one of these domains, please open a new eWallet.

The verification status of your new eWallet will be automatically synchronized with the old eWallet.

See also:

How to transfer funds to your new FXOpen eWallet

How to access your old FXOpen account

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