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What has been introduced over 2020
26 December 2020 04:26 PM

Русский 中文

Dear Clients!

Perhaps no one will deny that 2020 turned out to be difficult. Nevertheless, FXOpen team did its best to support our clients with promotions and bonuses throughout the year, and even more, managed to announce new products and services.

In 2020 FXOpen celebrated its 15th anniversary. Today we are one of the world's leading and fastest-growing Forex brokers with more than 1,000,000 active clients from 96 countries, a wide range of trading accounts with more than 100+ trading instruments, and years of work dedicated to the Forex industry

This year FXOpen has introduced several new services and features that will make trading Forex even more enjoyable and efficient. 

  1. Supported commission-free deposits
  2. Launched new trading accounts: Crypto 10
  3. Announced payments via AstroPay Card
  4. Launched a brand-new trading platform: TickTrader
  5. Added new Index CFD: Hong Kong 50
  6. Offered 10$ No Deposit Bonus for ECN TickTrader Accounts
  7. Introduced a new payment method: CASHU
  8. Launched Local Bank Transfers in Argentina, Brazil, and Mexico
  9. Implemented PAMM account drawdown limit
  10. Updated Agent Bonuses: FXOpen CPA Bonus
  11. ForexCup competitions

1. Supported commission-free deposits

Since March 2020, FXOpen has been offering deposits with no commission.

During this period all traders with verified accounts were able to deposit via any payment option available (except for Bank Wire Transfer and WebMoney) without the cost of fees charged by the payment systems. 
We are going to support our clients and further in these turbulent times keeping commission-free payments and other offers like commission discounts on ECN accounts, etc.

All the actual payment commissions can be found on the 'Fees' page.

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2. Launched new trading accounts: Crypto 10

FXOpen announced the launch of a brand new trading account - Crypto 10, where a trader can access high leverage, low cost cryptocurrency trading from as little as $10.

Trading conditions on Crypto 10:

  • Account currency: USD, EUR, GBP, RUB, JPY
  • Minimum deposit: $10 (or equivalent in other currency)
  • Commission: 0.25% (half-turn)
  • Leverage: 1:10
  • Margin call: 100%
  • Stop Out: 50%

Learn more about contract specifications on Crypto accounts.

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3. Announced payments via AstroPay Card

FXOpen was delighted to announce a brand new payment method for our clients, via AstroPay Card.
AstroPay Card is a virtual prepaid card accepted in thousands of online sites across the globe and sites affiliated with the AstroPay system.

AstroPay issues cards with the following prepaid values: $10, $25, $50, $100, $500, $1,000 (or equivalent in a local currency).
AstroPay Card is available in USD, EUR or in any other currency supported by the system.

Deposits via AstroPay Card:

  • Deposit processing time: instant
  • Minimum deposit: USD 10 (or currency equivalent)
  • Maximum deposit: USD 1,000 (or currency equivalent)

Withdrawals via AstroPay Card:

  • Withdrawal processing time: during 1 day
  • Minimum withdrawal: USD 10.00 (or currency equivalent)
  • Withdrawal fee: 0.5%

Learn more about deposits and withdraws via AstroPay service.

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4. Launched a brand-new trading platform: TickTrader

TickTrader is a brand-new trading platform, which allows clients to trade five of the most popular asset classes (Forex, Stocks, Commodities, Indices, and Cryptocurrencies) via one special trading account — ECN TickTrader.

With TickTrader our client can manage both margin and deliverable trading directly through the platform or via a FIX, REST, or WebSocket API.

TickTrader Key Features:

Learn more about the TickTrader platform.

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5. Added new Index CFD: Hong Kong 50

FXOpen expanded the list of Index CFDs by adding Hong Kong 50.

Starting from August the commission for indices were calculated in percent from the transaction volume.

Learn more about commission in ECN accounts.

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6. Offered 10$ No Deposit Bonus for ECN TickTrader Accounts

FXOpen introduced 10$ No Deposit Bonus for ECN TickTrader accounts to all new clients, who registered with FXOpen and got Grade 1 verification.

This bonus is credited to the first TickTrader trading account only. The offer is valid for 3 months from the eWallet registration date.

Learn more about No Deposit Bonus for ECN TickTrader Accounts.

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7. Introduced a new payment method: CASHU

FXOpen added CASHU to the range of available deposit options.

CASHU is a safe and secure online payment method established in 2002 by Maktoob.com. It is recognized as the first and the largest in the MENA region, serving 2+ million consumers with accessible and easy solutions to pay online.

Deposits via CASHU

  • Currency: USD
  • Payment Processing Time: instant
  • Minimum deposit: $10
  • Maximum deposit: $5000

Learn more about CASHU.

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8. Launched Local Bank Transfers in Argentina, Brazil, and Mexico

Also we introduced new methods of depositing funds for clients from Argentina, Brazil, and Mexico: Rapipago, Boleto Bancário and Oxxo.

Rapipago is an Argentinian prepaid payment method used for online purchases. The system generates a voucher that can be paid offline at one of the 6000+ Rapipago payment locations.

OXXO is a chain of convenient stores that offers alternative cash payments in Mexico. Oxxo allows online shoppers to check out by selecting OXXO as the payment method.

Boleto Bancário is an official Brazilian payment method regulated by the Central Bank of Brazil launched in 1993. The payment process for boleto bancário transactions is similar to that of wire transfer or cash payment methods.

Learn more about Rapipago, OXXO and Boleto Bancário payment options.

All the actual payment methods with FXOpen can be found on the 'Deposits' and 'Withdrawals' pages.

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9. Implemented PAMM account drawdown limit

FXOpen implemented a new feature of the PAMM service — PAMM account drawdown limit. This mechanism allows reducing losses of Subscribers' funds in case of unprofitable trading on a PAMM account.

How does it work?

  • The Provider specifies the maximum allowable drawdown of a PAMM account.
  • The Company monitors the drawdown 24 hours a day.
  • If the PAMM account exceeds the drawdown limit, the Subscribers' funds will be revoked.

Learn more about the FXOpen PAMM Service.

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10. Updated Agent Bonuses: FXOpen CPA Bonuses

FXOpen Partnership Program offers you to become our CPA Partner and receive CPA bonuses for every qualified trader attracted.

CPA bonus types: Agent Invite Bonus Grade 1, Agent Invite Bonus Grade 2, Agent Deposit Bonus and Agent Trade Bonus.

Learn more about the FXOpen CPA Bonuses.

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11. ForexCup competitions

Traditionally FXOpen held several contests as follows:

  • CryptoMania: free contest for demo accounts to test skills in crypto trading. The prize fund is USD 3,000.
  • Forex School: free educational contest on demo accounts with a prize fund of USD 4,000.
  • Money Managers: competition on real PAMM accounts with a prize fund of USD 10,000.

Additionally we introduced 'Classics without borders' Forex contest for clients who have registered with FXOpen not earlier than January 2020. The prize fund of the contest is USD 1,500.

Learn more about ForexCup.

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Thank you for being with us throughout 2020!
FXOpen team is working for you! We wish you Health, Prosperity and Good luck throughout the coming year.

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