FXOpen

My Trade with FXOpen

I've dealt with them over the past year and gained significant experience in the trading of their way and I see it's from a reputable company that respects the customer and maintains he has them

One of the most important features of this company is trading options and the diversity of accounts and contracts they have STP accounts and ECN accounts and they have many currency pairs that can be traded on them major currency pairs and secondary currency pairs also can through them also trading digital currencies and they work throughout the week i.e. you can trade digital currencies at any

As for their spread is very little either on the account of STP or ECN and for the account of ECN is almost no spread is in some currency pairs does not exceed four points and sometimes a point or two points and for the account of STP the spread starts from 10 points and even 24 points such as trading on the Japanese yen / US dollar the company's all on their own.

Features

The company is characterized by low spread, easy trading and the availability of several platforms that can be traded on such as MetaTrader 4 and MetaTrader 5 and they also have their own platform

Easy withdrawal and deposit and many methods of withdrawal and deposit, we mention the former escrill bank, WebMoney and benefit money, there is also the company's own document and also the withdrawal by credit card or bank transfer, all of which is considered one of the means of withdrawal and deposit with the company

Disadvantages

Mention some of the enemies that the company is not good at dealing large amounts of this I didn't see or notice it during the deliberative with them because trading with them no more than $ 200 and did not find any problems until now.

Their technical support service is very weak and they can rarely solve the problem because they do not have all the powers to solve the problems

The technical support service in Arabic is almost non-existent at work for only one hour and on Friday only

The bonus for the Arab section is not enough for the effort and fatigue of members to participate in competitions and write topics, etc.

There is always a manipulation of the terms of the competitions after they are over so that the members do not get their bonus

One of the worst flaws in the company is the insufficient bonus system and also it is manipulated and not sent completely to the members so the members began to work for other companies and forums

My review of FXOpen

My evaluation of this company after about two years of trading with them, and I will speak with all impartiality about the most important advantages of this company and the most important shortcomings

Prices can be from respectful and honest companies that can be traded with a low spreads. For example, you find that the spread for the pair of the US dollar against the Japanese yen is 14 points. That, and sometimes it is lower, the market is an active stock and you find the spread for the US dollar against the Canadian dollar is 16 points. Only and also the euro against the US dollar, the spread is only 13 points. As for gold against the US dollar, the spread is 20 points, and sometimes more than that.

I had the experience of trading on risky days, especially on Christmas holidays in December and January, and it is known that many traders do not prefer trading at this time of the year due to the high risk and market fluctuations in these two months.

Over the past two years, I have been trading at this time, especially after December 25, and no fluctuations occurred in the market and I won from this trading. All there is, the market movement was only slow, but no fluctuations occurred and I won from trading and this is what I remember well because I was very worried that I trade at this time

Among the features of the company

We have said the low spread, and the most important thing is not to be afraid of trading on holidays and fluctuations. One of the additional advantages of the company is that it carries out periodic contests between traders and various contests to obtain an additional bonus for trading with it and always encourages traders to trade and does not skimp on them with information as there are forums for the company with all Languages have a multitude of information and members ’experiences in trading. It is also noticeable that the company’s activity in previous years has made remarkable progress and has worked to correct past mistakes and has improved a lot. Now the company also gives a free registration bonus as an encouragement to new traders and always comes with offers and discounts for traders to encourage them to continue trading

Company flaws

Among the most serious defects of the company that I notice is technical support, there is technical support and is quick to respond, but I do not find that it has all the powers to solve the problems of members and traders, so it often does not solve problems or takes more time to solve them

Also, I heard that the company is not good at trading on large amounts, and this frankly, I did not try it because I usually trade on small amounts, which are less than $ 250, and I did not find any problems with the company in trading from withdrawal, deposit and trading, so the evaluation in this regard is very good

One of the biggest defects of the company is the Arab section, so it is known that Arabs are those who love to gamble and trade through forex, and that company is not good at winning the Arab customer to it, and this is for several reasons, the most important of which is Arab technical support, which is one of the biggest flaws of the company, as there is almost no technical support for the Arab department, so the presence of Arab technical support Almost every week for an hour only and it does not solve any problems, and this is what I already tried, so I had a problem and an inquiry, and I waited a week for a response and when the response arrived a week later, I made another inquiry at the same time and I did not receive an answer to it

Among the disadvantages of the Arab section is the bonus, as the administration does not pay any attention to the bonus for the Arab section, and there is always tampering and changing conditions for not sending the bonus for members, and this also has a great impact on the company's inability to attract the Arab customer

I see the solution to this problem, which is the presence of strong Arab support all the time and the company's credibility in sending the members' bonus for the Arab section without manipulation so that the members can make the required advertising for the company with credibility. If the company is not honest with its members in the Arab section, and the bonus is sent to them on time and without any change of conditions and complications Things are so that the members do not get the bonus, and this is in addition to the reduction of the bonus that happened .. How can a company win the Arab client if it cannot maintain the Arab members?

The verification procedure takes a long time and is very complicated. My documents were rejected 3 times and I decided to close my account. Very negative experience with this broker.