FXOpen was initially established by a group of Forex traders as an educational center. FXOpen’s founders realized that there was an overwhelming demand for a fair and transparent brokerage with a superior customer service in the market. This realization opened the way for FXOpen brokerage services in 2005. Focusing on meeting people’s interests, FXOpen was also the first one to realize that what traders really needed were Micro accounts and that the Islamic audience required a special type of Shari’a compliant accounts. It became a maxim for FXOpen to offer what its clients wanted, not the other way around.

Working from the very beginning with the world’s most wide-spread and user-friendly trading platform MetaTrader (MT4) FXOpen had gained the deepest knowledge possible about the technology. On this basis FXOpen team started to look for and eventually developed a solution settling the conflict of the interest between Brokers and Traders. In 2009, the first ever MT4 ECN trading platform, coupled with 0.1 minimum lot, super-fast execution and advanced Money Management technology (PAMM accounts), was introduced to the market, thus, completing the ECN technological revolution in the MT4 FOREX trading environment.

FXOpen offers three types of accounts: Micro ECN, Standard ECN and VIP ECN. The main advantages are the tight spreads from 0 pips, the leverage up to 1:500 and the super-fast execution.