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FxOpen review. The best Forex broker out there
Rated: Very Good [0/10]

        
         I’ve had a great interest in Forex for years and I’ve been actively trading for over 7 years now. I’m no Forex guru or anything, I’m a normal guy who uses Forex trading to sustain his income.

Choosing the right broker is one of the most important elements of trading and believe me or not but I have tried over 20 brokers over the years. Fxcm, fxdd, alpari, easy-forex, you name it and I guarantee I’ve tried it.

I know how hard it is to pick a broker, I’ve seen hundreds of forum posts asking about it, that’s why I decided to write this review to help you out guys.

There are several things that I expect from my broker: ultralow spreads, no rate freezing,  24/7 live support, not liquidating my position, instant payouts etc. Most of the brokers mentioned above are OK, but there is one broker that beats them all. It’s the broker I have been using for the last 3 years and I can only say great things about them. The broker I’m talking about is FxOpen.com

Their spreads are as low as 1 pip and their customer support is the best one I ever worked with.

Others then that, they use metatrader platform which is great because it is easy to use and you can trade from anywhere in the world. Plus metatrader allows you to use Expert Advisors i.e. Forex robots that are becoming more and more popular trading tool.

The funny thing is that most brokers advertise their in-house software as something better than metatrader but the truth is that no in-house software will have as many indicators as metatrader, they create these software just to make trading harder for you, so you lose money and they make more.

Another great thing about FxOpen.com is that they are market maker so they charge no commissions, they will only make money on difference between buy/sell prices so they don’t actually want you to lose money, because they will make money anyway so it’s better if you win because this way you will keep on trading.

In fact Fx Open is so good that they won “Best Trading Platform Award’ 2 years in a row for 2008 and 2009.
                                                                   

As I said I’m no Forex guru, I’m just a regular guy with a lot of trading experience. You will do whatever you want. I just hope this review will help you avoid getting scammed so you start trading with great broker from day 1.

So, don’t be fooled by marketing lies or fake reviews and pick broker wisely.



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Comments »
i opened account with them 2 weeks ago and i must say im impressed

Comment by pati — 21/04/2010 12:35:41 , Tag: fx open
yeah, fx open rocks

Comment by steve — 27/04/2010 15:58:27 , Tag: fx open
Thank you. I have tried to find a reliable source. I will give them a try.

Comment by craig — 30/12/2010 06:49:53 , Tag: fx open
yes, they are really Ok, I've never had any problems with them

Comment by Loz — 10/05/2011 03:50:52 , Tag: fx open
I have tested many brokers since i started trading and i must say fx open rocks :)
Stay away from scam brokers like fxcm or oanda

Comment by Stephan — 17/05/2011 05:06:38 , Tag: fx open
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