FXOpen was founded in 2003 as an educational centre of technical analysis in Egypt. In 2005, the company launched a brokerage services. In 2006, the company introduced Micro accounts and swap-free Shari’a compliant accounts. In 2009, FXOpen developed its own bridge technology that provided retail traders with an access to the ECN market via the MetaTrader platform. Subsequently, it also provided ECN PAMM accounts. In December 2011, the company moved its registered head office to Auckland. In August 2014, FXOpen NZ Limited stopped issuing derivatives to retail customers and the company was deregistered from the financial services provider register. In July 2015, New Zealand revoking its registration from the Financial Dispute Resolution Scheme. Since 2015, FXOpen LP Limited a limited partnership, provides trading technology platform to wholesale customers.
Operations
FXOpen offers an ECN-integrated MT4 and MT5 trading platforms, compatible with algorithmic trading. It enables users to apply various trading robots, known as expert advisors. FXOpen provides traders with proprietary designed One Click Trading Level2 Plugin software. The tool was released in February 2013 and is regarded as the Level2 application update optimizing the order execution process in the MT4 platform.
Regulatory information
Several regulated companies operate under FXOpen brand name:
FXOpen AU Pty Ltd, based in Perth, is licensed and regulated by ASIC since July 2012.
FXOpen Markets Limited, registered in Nevis, registration number C42235.
FXOpen LP Limited, registered in Auckland, New Zealand, registration number 5598865.
Sponsorships
The company has used sponsorship to promote itself and these have included:
Helped to organise and promote the FXOpen Path of Ascension tournament in 2010 and similar eSports championships. FXOpen sponsored its own StarCraft II professional team in 2010–2013. FXOpen sponsored the StarCraft II championship winning team in the 1st Hong Kong e-Sports Tournament.
In 2011, FXOpen took participation in organizing and promoting the FXOpen Drift 2011 competition.
