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FXOpen slashes ECN fees by 30%

FXOpen has recently added several new liquidity providers to its ECN feed and is now able to offer significantly lower commissions. This represents a drop of about 30% in commission charge. It seems that competition in MT4 ECN market is increasing and the retail clients are those who enjoy it the most. FXOpen, one of the world’s leading […]

ICAP’s spot fx volume down 15% YoY, total volume up 19%

It seems that the biggest decrease in ICAP’s fx volume was in majors which in part was offset by growth in emerging/exotic currencies. Total ICAP Electronic Broking Volumes for EBS and BrokerTec Platforms Increase 19% in February Year on Year ICAP, the world’s premier interdealer broker, announced today that total electronic broking volumes for the month […]

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FXOpen has recently added several new liquidity providers to its ECN feed and is now able to offer significantly lower commissions. This represents a drop of about 30% in commission charge. It seems that competition in MT4 ECN market is increasing and the retail clients are those who enjoy it the most.

FXOpen, one of the world’s leading FOREX brokerage companies, is pleased to announce that it will reduce commission fees on ECN accounts. The change takes effect on March 14, 2011.

In pursuit of its mission FXOpen has always taken strides to provide the most convenient, fair and professional trading conditions. Now the Company has lowered its commission fees on ECN account by approximately one quarter from USD 3.5 down to 2.5 for 100,000 (1 Lot) for accounts with Net Deposit up to USD 50,000 and from USD 2.3 down to USD 1.8 for 100,000 (1 Lot) for accounts with Net Deposit higher than USD 50,000. FXOpen knows that this step will further help our valued customers to get the most out of foreign exchange trading.

“We’re eager to offer the most favourable trading conditions in the industry,” comments Denis Peganov, FXOpen’s Development Director. “And we are glad to make one more step in improving our customers’ trading environment. The reduced commission together with the lowest spreads make ECN accounts even more attractive for traders”.

For more information about ECN trading conditions, please, see the Trading Terms page or follow the discussion on our forum.

 

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