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FXOpen - fxopen.com


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47 replies to this topic

#1
omar

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FXOpen was started in 2003 as an educational center in Cairo, Egypt educating and preparing individuals and groups in technical analysis for stocks and foreign exchange. FXOpen opened its own dealing service in early 2005, and has since been at the forefront of the Retail Forex industry by striving to offer the best trading conditions, training and financial services to traders around the world.

In addition to servicing Retail Forex clients via the industry standard trading platform, Metatrader 4, FXOpen is proud to announce the launch of its innovative ECN/STP service in 2009.

The FXOpen ECN/STP service is unique in the way that it bridges the world's top liquidity providers into one MT4 platform offering not only an ECN price feed but also true ECN/STP execution and fills. FXOpen also provides an excellent PAMM service that combines multiple accounts into one account for the convenience of money managers.

From inception, FXOpen, has been one of the foremost trading service for Islamic traders with Sharia compliant swap free accounts being provided to give Muslims the same opportunity as is offered to clients worldwide. As a company with a global vision, FXOpen has been and always will be a company that tries to understand the different needs of traders from all cultures and beliefs.

FXOpen has a very flexible range of account options. Micro accounts with a minimum deposit of $1, Standard accounts from $25 and ECN/STP accounts from $1000. The spread is competitive from 2 pips on eur/usd and on ECN/STP accounts from 0.5 pips (even negative spread is possible on ECN accounts!).

FXOpen ECN/STP accounts also offer for the first time, LVL II quotes with MT4 to allow you to see true market depth. You can see the liquidity in real time!

FXOpen is a true success story achieved with strong customer service principles, flexible options, attractive promotions and a dedication to being the best.

Here are some advantages of opening an account with FXOpen:

Spreads — starting from 0.5 pips on EUR/USD.
Minimum deposit for micro accounts — only $1.
Minimum deposit for standard accounts — only $25.
Minimum deposit for ECN/STP accounts — only $1000.
Margin leverage from 1:1 up to 1:500.
Free unlimited demo accounts available.
Technical research and market news available regularly.
Experienced and helpful support.
Bonuses on new accounts.
Trading contests.
PAMM accounts.
MetaTrader 4 platform.
MetaTrader 4 PDA platform.
MetaTrader 4 Smart Phone platform.
Islamic accounts.
ECN/STP accounts with Level II software.


Click Here to Join FXOpen
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#2
standart

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One of good forex broker and benefit that trader get is same with another famous and good forex broker such as instaforex or marketiva. even spread in this this forex broker low, not wide, starting from 0.5 pips in EU pair.
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#3
hongshui

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Spreads — starting from 0.5 pips on EUR/USD.
Minimum deposit for micro accounts — only $1.
Minimum deposit for standard accounts — only $25.
Minimum deposit for ECN/STP accounts — only $1000.
Margin leverage from 1:1 up to 1:500.


There are so many advantages in this platform.I believe the broker had good development in the future,because the advantages is obvious in the spreads and minimum deposit & payment.
Also,when I access to the site,I found the processors also is many,LR,PP,AP,PM and so on!Good site!
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#4
mohamedmanutd

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Deposit and Withdrawal with FxOpen remains the best as they carry it out quickly. Their customer service is also great. I can recommend them for any trader.
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#5
hyipreviewblog

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I use this broker now and I definitely satisfied with their metatrader..
Deposit and withdrawal are also process very fast..but still I make more deposit than withdrawal...
They also allowed you do deposit and withdrawal in many payment processor...
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#6
ellliottt

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i was doing profit with ECN account everything was alright till they show their real face, let me say honestly, you guys, BE CAREFUL of them, they are SCAM, the proof is that, today my position was open and i was sure even in profit but i waited take profit level, even it saw the point i stated they didn't give my profit, anyway, it went up, FXopen is a real artist, and scam, soon i wanna withdraw the money in my account and close my account
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#7
yogesh

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I like their micro account and especially that we get 1$ bonus for 1$ deposit
So we start with 2$ in our account, though it is necessary to trade 100 micro lots before making a withdrawal to keep bonus.
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#8
Adnan

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Fxopen is one of the best Forex brokers I have ever used. They have low spreads and a good Metatrader software to trade through. I have been using them from quite sometime now and I have never had any problems with them until now.
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#9
AndreasZ

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FX open is offering secured account for forex beginners and experts. Forex beginners with micro lot account will get 1 $ bonus for opening account. Payments are effecting daily and every month you will get a detailted personal statement with all your transactions listed on it.
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#10
Adnan

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FX open is offering secured account for forex beginners and experts. Forex beginners with micro lot account will get 1 $ bonus for opening account. Payments are effecting daily and every month you will get a detailted personal statement with all your transactions listed on it.


As far as I know, the $1.00 bonus you are talking about is a deposit bonus and we receive it only when we make a deposit with Fxopen of $30 or more. Well, there other legitimate brokers offering far better deposit bonuses and in this case I feel Fxopen should rethink about their bonus plan.
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#11
FXOpen_Official

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FXOpen Simplifies Withdrawal via Credit/Debit Cards

Dear Customers,

FXOpen is glad to inform you that we have improved the terms of withdrawing money from accounts via Credit/Debit cards. There`s no need to wait 30 days after the date of your latest deposit. Funds can now be withdrawn at any time provided that deposit and withdrawal are made via one and the same card.

fast_money_withdrawal_en.jpg

 

Please note that withdrawing your funds with another payment option is available after 30 days of the Credit/Debit card deposit date.

If deposits were made from multiple Credit/Debit cards, FXOpen finance department will deal with each such case individually and decide on the method and timeframe of profit withdrawal.

 

FXOpen Customer Service
 


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#12
FXOpen_Official

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The “Lord of the Crypto”: Free Contest by FXOpen Starts on July 25th

FXOpen and ForexCup decided to please cryptocurrency fans this summer. The new contest called "The Lord of the Crypto" will include 16 trading pairs with such popular cryptocurrencies as Bitcoin, Litecoin, Ethereum, Namecoin, Peercoin and Dash. The contest is held from July 25 to August 19, 2016. Join the fight for free and compete for the prize fund of 2 000 USD!

 

REGISTER

 

lord-of-crypto-en.jpg

 

“The Lord of the Crypto” facts and figures:

  1. dates: July 25 - August 19, 2016;
  2. registration dates: July 8 - August 7, 2016;
  3. prize fund: 2 000 USD;
  4. number of winners: 10;
  5. money prizes:
  • 1st place - 800 USD;
  • 2d place - 300 USD;
  • 3d place - 200 USD;
  • 4th place - 100 USD;
  • 5th place - 100 USD;
  • 6th place - 100 USD;
  • 7th place - 100 USD;
  • 8th place - 100 USD;
  • 9th place - 100 USD;
  • 10th place - 100 USD.

Attention! The above-mentioned money prizes are not withdrawable and can only be used for trading on FXOpen Crypto accounts. To get the money, you will have to open a Crypto account, email us at info@forexcup.com and indice your account number. Profit from trading can be withdrawn at any time via any payment system available with FXOpen.

 

Contest terms:

  • free participation;
  • contest account: competition ECN;
  • initial deposit: 5 000 USD;
  • leverage: 1:3;
  • EAs: allowed;
  • locking: allowed;
  • lot volume: from 0.10 to 1.00 (maximum 1 lot per order);
  • trading instruments: BTCEUR, BTCRUB, BTCUSD, LTCBTC, LTCEUR, LTCRUB, LTCUSD, NMCBTC, NMCUSD, PPCBTC, PPCUSD, ETHUSD, ETHBTC, ETHLTC, ETHRUB, DSHBTC;
  • trading platform: MetaTrader 4 (download).

Additional restrictions:

  • total trades minimum quantity: 10;
  • total trades minimum volume (lots): 10;
  • maximum number of trades opened at the same time (including pending orders): 5;
  • to get the prize, you have to increase the initial deposit by at least 10%.

JOIN THE FELLOWSHIP OF CRYPTO

 

Read more about the terms of the contest in the Lord of the Crypto thread at ForexCup forum.


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#13
FXOpen_Official

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FXOpen Adds mBTC as ECN Account Currency

Dear clients,
FXOpen is pleased to announce that now you can open ECN accounts in mBTC (millibitcoins)*. Starting from 27 July 2016, you can make a commission-free deposit and withdraw funds in your favorite cryptocurrency with no conversion losses.  
 

ecn_in_mbtc_en.jpg

 

To open a millibitcoin account, log in to My FXOpen area and open an ECN account and select mBTC as an account currency.

We remind you that in addition to the new currency, FXOpen clients can open ECN accounts in USD, RUB, AUD, EUR, CHF, GBP, JPY, SGD, Gold. Learn more about the trading conditions on ECN accounts here.

* 1 mBTC (millibitcoin) = 0.001 BTC

Follow the updates on Facebook, Twitter and Google+.

FXOpen Customer Service

E-mail: sales@fxopen.com
 


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#14
FXOpen_Official

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10 Most Common Mistakes Made by Novice Forex Traders

Do you want to try trading Forex and succeed? Start with learning the most common mistakes beginners make in the foreign exchange market.

top-10-mistakes-novice-traders_-e1470131

Here`s our top 10:

1. Intuitive trading decisions. The foreign exchange market is not a casino. However, novice traders view it as such, so they use mainly their intuition to make their decisions. While this may sometimes result in success, but ultimately, the trader ends up failing and losing money.

2. Unreasonable expectations. Some Forex companies promise in their promotions that you’ll get rich in no time. Don’t believe them. Yes, there are people who end up rich trading Forex, but there are also those who make a fortune by selling houses. In both cases, this does not happen in one day. It can take years to build up the right experience and turn Forex trading into a full-time profitable job.

3. Uncontrolled emotions. The main enemy and biggest mistake trigger of a novice trader is his emotions. When watching the deposit increase or decrease, beginners can lose their minds and take hasty steps to get more money or to stop losing it. This approach is no good. Decision-making should be well-reasoned, rather than emotion-based. In order not to increase tension, place a take-profit and a stop-loss and leave the market alone; don`t monitor it day and night.

4. Inability to use a stop-loss and a take-profit. When you place a market order and leave it open, you put the entire trading account at risk. For example, when you open a long position for the EUR/USD pair, you can put a stop-loss so that your Buy order will automatically close if the price falls below a certain level. You can limit the amount of losses for each separate order, especially if you’re unable to monitor the market all the time. A take-profit order works the same way: it locks in profits by setting a level at which the position should be closed.

Learn another 6 common mistakes here.


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#15
FXOpen_Official

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FXOpen Resumes "Forex School" Contest on September 1

FXOpen resumes admitting students to "Forex School". As the name suggests this is a free Forex contest intended primarily for beginners. You can take a short course of practical training from September 1 to 16 at ForexCup site.

The contest is held on demo accounts with no participation fees. 20 best graduates will share 2,000 USD of the prize money from FXOpen. They will also be automatically admitted to participate for free in the competition on live accounts "Forex Finals".

 

forex-school-september-en.jpg

REGISTER HERE

What you should know about Forex School (September):

  •     duration: September 1-16, 2016;
  •     registration: August 5-September 9, 2016;
  •     prize fund: 2,000 USD;
  •     winners and reward: 20 best traders get 100 USD each (not withdrawable*);
  •     requirements to get a prize: the initial deposit has to be increased by at least 30% and the minimum quantity of trades is 10.

Note the restrictions:

1. the prize-winner of the contest who wishes to participate further in the following "Schools" has to skip one contest;
2. one contestant can get into the top 20 winners and receive the prize no more than twice.

Terms of the contest:

  •     free participation;
  •     initial deposit: 100 USD;
  •     leverage: 1:500;
  •     locking: allowed;
  •     EAs: allowed;
  •     maximum number of trades opened at a time (including pending orders): 100;
  •     minimum trades quantity: 10;
  •     trading platform: MetaTrader 4 (download);
  •     trading instruments: EURUSD, GBPUSD, USDJPY, USDCHF, USDCAD, AUDUSD, NZDUSD, EURGBP, GBPCHF, GBPJPY, GBPNZD, GBPCAD, GBPAUD, GBPSGD, EURCHF, EURAUD, EURJPY, EURCAD, EURNZD, EURSEK, EURDKK, EURTRY, EURNOK, EURPLN, EURHKD, AUDCAD, AUDJPY, AUDCHF, AUDNZD, CADJPY, CADCHF, CHFJPY, NZDCHF, NZDCAD, NZDJPY, NZDSGD, XAUUSD, XAGUSD, SGDJPY, USDTRY, USDHKD, USDSGD, USDPLN, HKDJPY, NOKJPY, NOKSEK, USDMXN, USDRUB, USDSEK, USDNOK, USDDKK, USDCNH.

SIGN IN!

* Please note that 100 USD are not withdrawable and can only be used as a participation fee to join Forex Finals competition.

Read more about the terms of the contest Forex School (September) in this thread at ForexСup forum.

Source - FXOpen news


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#16
FXOpen_Official

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Build Your Trading System, or How to Earn from Forex Knowing Biggest Banks’ Behavior

 

In this article, I would like to explore the issue of trading. My own trading ideas and attitudes that influence decision-making.

In fact, I’m not that experienced to think of myself as an expert in trading, but I have been trading long enough to develop my own view on the issue. I hope it may seem helpful to some of the readers. My key message is that the counterpart of your trading on the broker’s side is people like you who are also enthusiastic about the market, who devote every day to analyzing the price movements and earning from trading.

I believe that an effective trading system should be built on the following three principles:

  •      Money management;
  •      Determine market conditions;
  •      Determine entry/exit.

Let me give you an example, just to be clear what I mean.

For example, you know that the United States adopted ‘quantitative easing’, and so gold is likely to go up. This is a condition that will affect the price.

Follow your rules, and you establish the point on the chart where you plan to open and close the deal. This is a technique of entry and exit.

Before you open a trade you will also have to address the issue of risk control and position volume. Here you are involved in money management.

No doubt all three elements are equally important and need appropriate attention. However, today I would like to talk just about the conditions. I am convinced that it is the core of any trading system.

What are conditions?

Primarily the сonditions determine when and where to open a position.

A couple of examples from my practice:

Until January 2015, for three years there was bind between the Swiss franc and the euro. During this time, many trading systems were built on this idea. Certainly this example has caused many a smile as we all know how that story ended, but I assure you that a lot of people made money on it. More than the rest, it affected the brokers and not the traders.

The following example is a period of low volatility in an early Pacific session, after the closing of the largest venues. This time is often used by algorithmic traders to run their robots.

Even the upcoming British exit from the Eurozone (Brexit) could act as a condition. This fact will undoubtedly influence the value of the British pound against other currencies.

As you can see there are a lot of conditions that affect the price. Some affect the price constantly from day to day, others come and go. Naturally there arises the question of choice. By making this choice, each one of us relies on his own belief system. Someone believes in technical analysis and for him the history of price movement is the most important thing. The other believes the wave theory, etc. In any case, this choice will be driven only by your own belief system.

I stop here, because for the longest time I could not answer this question. What do I believe? What ideas or tools would I trust more than others? And despite the fact that today I have already decided, and with ideas and with tools, I keep asking myself this question in the search for more efficient tools for analyzing markets.

My belief system

As we all know, most traders lose money. Hence there is a small percentage that take all the money. Because if someone lost, someone else won. This is certainly a very simplified model, but it is important to understand that the profit of one of the participants is the sum of the losses of others. When I say loss I do not mean loss in the literal sense, but rather what someone paid for it. Maybe even paid voluntarily and on their own. The result is a certain group that distributes among themselves the loss of all the other participants. Naturally the question arises – who are they?

For me it’s the biggest financial institutions in the world: Deutsche Bank, UBS, Citibank, Barclays, HSBC, Bank of America, Goldman Sachs, JP Morgan etc. I believe that these structures take the entire risk which other participants want to get rid of and are willing to pay for it. Once these financial institutions assume the risk they will do everything possible to avoid a scenario in which they lose money.

On this basis, when I determine the conditions my idea is to open trades in the direction which would correspond to the interests of this group of participants.

The tools I use

At the moment, I use two reports to track the behavior of these participants on the market.

1. Commitments of Traders (COT)

2. Daily Bulletin of CME

 

In this article I am not elaborating on how you built these reports and what information they contain. Let me just say that on the basis of the first report, I analyze the structure of open interest on currency futures, and on the basis of the second I evaluate the balance of open interest at optional strikes on the same future contracts.

I’d like to emphasize three benefits of using this market data to determine market conditions:

1. Accessibility – this data is free.

2. Regularity – you can build a workflow and track the dynamics of changes in the conditions.

3. Concreteness – we get very accurate and specific information in both reports.

The conclusion: the basis of each system should be the idea that reflects only your own belief system and not someone else’s. That is why it is very difficult to follow a trading system created by someone else, not you personally. And that’s why, when we study the experiences of the best traders of the world, we always see their own individual approach.

If you are wondering how I build my workflow, how I analyze the data and how I interpret it, please leave a comment on this article.

Translated article from S. Shirko`s blog.


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#17
FXOpen_Official

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FXOpen Adds Deposits and Withdrawals via ePayments

FXOpen is glad to inform its customers of a new option of depositing and withdrawing funds. We have expanded our list of over 20 methods of money transfer to include ePayments.
You can benefit from the special low fees and quick transaction processing, when using the ePayments e-Wallet or card. Deposits are instant with the commission of only 1%. Withdrawals are typically processed within 1 hour during the working hours and the commission is 0%.

To deposit or withdraw via ePayments:

   1) Log in to My FXOpen areaand select ePayments in the Add Funds/Withdraw Funds menu.
   2) Fill in the form indicating the amount of payment, currency, FXOpen trading account number, etc. Click Add Funds/WithdrawFunds.
   3) You will be transferred to the ePayments web-page to complete the transaction.

FXOpen Customer Service
 


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#18
FXOpen_Official

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FXOpen Issues Branded Debit Card for Clients

FXOpen is pleased to offer its customers the unique co-branded MasterCard prepaid cards by ePayments. This is a convenient and reliable way to deposit funds to your FXOpen account and withdraw. You can use the card to make purchases online and at points of sale, as well as to withdraw cash at ATMs.

 

epayments_card.png

 

The currencies available for card holders are USD and EUR. It costs 35 USD or 29 EUR to issue the unique FXOpen card. Follow this link to find out more about the fees and limits.

 

To order a card, log in to your My FXOpen area and select Add account -> Debit cards -> Master Card. You will see two options: request a new card or link an existing card to your FXOpen eWallet.

 

You can benefit from the special low fees and quick transaction processing, when using the ePayments card to deposit or withdraw. Deposits are made instantly with the commission of only 1%. Withdrawals are typically processed within 1 hour during the working hours and the commission makes 0%.

 

Follow us on FacebookTwitter and Google+.

 

FXOpen Customer Service
E-mail: sales@fxopen.com
Live Chat (24/5)


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#19
FXOpen_Official

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FXOpen now accepts deposits and withdrawals via paysafecard
FXOpen is pleased to present paysafecard - the latest addition to the list of available deposit and withdrawal options. paysafecard is a leading provider of online prepaid payment methods.
 
To deposit funds to your FXOpen eWallet and withdraw you need to register and create a paysafecard account. Your paysafeсard account can be topped up using a 16-digit PIN worth of 5, 10, 25, 50 or 100 EUR. You can buy them at sale outlets in over 30 countries worldwide.
 
 
paysafecard-700x355-en.jpg
 
The purchase of a PIN is anonymous; it does not require disclosing your personal information or IDs. You can manage all your PINs and control spending via the paysafecard online account. paysafecard also offers a mobile app to help you find the nearest points of sales and pay on the go.
 
 How to deposit or withdraw via paysafecard:
  • Log in to My FXOpen and select paysafecard in the Add Funds or Withdraw Funds menu.
  • Fill in the form indicating the amount of payment, currency, FXOpen trading account number, etc. Click Add Funds/Withdraw Funds.
  • You will be transferred to the paysafecard web page to complete the transaction.
 
Deposits are instant. Withdrawals are typically processed within 1 business day and without commission.
 
Follow us on Facebook, Twitter and Google+.
FXOpen Customer Service
Live Chat (24/5)
Source: company news

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#20
FXOpen_Official

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FXOpen Launches Round 3 of Regular Contest "Forex Finals" for PAMM Providers
 
FXOpen is again in search of successful PAMM account Providers. Starting from September 19, the broker resumes the competition on live accounts "Forex Finals", the winners of which receive PAMM accounts with deposits of $ 1,000 and more. We are approaching Round 3 of the regular tournament.
 
Structure of Round 3:
・6 tours (Tour XIII - Tour XVIII);
・one tour lasts for 4 weeks.
 
Top 3 winners of the tournament will be determined by the total amount of points scored for 6 tours. As a reward for successful trading, they will receive:
 1st place – PAMM ECN with $3,000;
 2nd place – PAMM ECN with $1,000;
 3rd place – PAMM ECN with $1,000.
 
 
forex-finals-xiii-en.jpg
 
Round 3 of "Forex Finals" begins with Tour XIII:
 
Dates: September 19-October 14 2016;
Prize fund: 1,400 USD;
Winners` reward:
 1st place – PAMM STP with 1,000 USD;
 2nd place – 200 USD;
 3rd place – 100 USD;
 4th place – 50 USD;
 5th place – 50 USD.
 
Note the new conditions to be eligible for the prize:
・the minimal trading volume per tour is 0.5 lots;
・the initial deposit has to be increased by at least 20%.
 
Initial deposit: 100 USD on STP;
Trading restrictions: none. Any trading instruments available on FXOpen STP accounts, any trading strategies, Advisors (AEA, MEA, etc.) and any other standard MT4 software applications are permitted;
Registration: open from September 2nd and throughout the competition. You don`t have to get registered again if you already participated in one of the previous tours.
 
 
Read more about the terms of "Forex Finals" at ForexCup forum.
 
FXOpen Customer Service

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