Trading Accounts
FXOpen offers two types of trading accounts, ECN and STP. Both trading accounts use market execution so you can trade with the security of knowing that there is no dealing desk, no requotes and your trade will always be executed at the best available price.
ECN Trading Accounts
On Electronic Communication Network (ECN) accounts you trade on the raw price from the banks and liquidity providers and pay a small commission. This is the most cost-effective form of FX trading and is ideal for executing large volume trades.
Our most popular account option: FXOpen ECN account is a multi-asset account, allowing you to trade a wide range of FX, global indices, stocks, commodities, and cryptocurrency CFDs**, all from one single account.
STP Trading Accounts
On Straight Through Processing (STP) accounts there is no separate commission to pay as it is already included in the spread. This account is ideal for novice traders looking to keep pricing simple.
Compare Trading Accounts
| ECN | STP | ||
|---|---|---|---|
| key account info | |||
| Account Currency | GBP, USD, EUR | GBP, USD, EUR | |
| Demo Account |  |
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| Bussiness Model | ECN | STP | |
| Trading Time |
22:00 Sun - 22:00 Fri (GMT)
24/7 for Cryptocurrency CFDs |
22:00 Sun - 22:00 Fri (GMT) | |
| Minimum deposit | £300, $300, €300 | £300, $300, €300 | |
| Maximum balance | No limit | No limit | |
| Spread | floating, from 0 pips | floating | |
| Commission (per 1 lot) | from $1.50 |  |
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| Quotes format | 0.12345 | 0.12345 | |
| Minimum transaction size | 0.01 lot | 0.01 lot | |
| Maximum transaction size | not limited* | not limited* | |
| Minimum increment | 0.01 lot | 0.01 lot | |
| Leverage | up to 1:30 | up to 1:30 | |
| Margin call and Stop Out | Margin call 100% Stop out 50% % |
Margin call 100% Stop out 50% |
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| INSTRUMENTS | |||
| Currencies | |
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| Cryptocurrency CFDs** | |
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| Metal CFDs | |
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| Energy CFDs | |
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| Index CFDs | |
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| Share CFDs | |
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| MISCELLANEOUS | |||
| Market execution | |
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| Requotes | |
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| FEATURES | |||
| Hedging | |
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| Expert Advisors | |
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| Scalping | |
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| News trading | |
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| Phone dealing | |
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| Market depth with level 2 quotes | |
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* Maximum transaction size can be limited by the liquidity available in the ECN.
** only available for trading by Professional clients.
How Do I Open a Trading Account?
Just a few steps to start trading
Register
Complete the simple registration form with just your email address, phone number and password.
Verify
Continue the application process to verify your trading account and supply ID documents
Fund and trade
Once verified, fund using our multiple funding options and start trading with spreads from 0.0 pips.