FXOpen Announcements

Equity Index CFD trading changes

Dear Clients,

We would like to advise you that we are consolidating trading in all variations of each Equity Index CFD, into a single version in order to create a more efficient trading environment in these products.

On Saturday 4th April 2020 we are decommissioning the below index products:

Wall Street 30;
US SPX 500;
US Tech 100;
Germany 30.
On Monday 24th February 2020, the above products will be set to ‘close only’ trades. We would like clients to move all existing positions and trading to the below mini variants of these products, detailed below.

Wall Street 30 (Mini);
US SPX 500 (Mini);
US Tech 100 (Mini);
Germany 30 (Mini).
Please consider these changes when planning your trading activities and ensure you’ve moved your positions by 4th April.

Equity Index CFD trading changes

Dear Clients,

We would like to advise you that we are consolidating trading in all variations of each Equity Index CFD, into a single version in order to create a more efficient trading environment in these products.
On Saturday 4th April 2020 we are decommissioning the below index products:

Wall Street 30;
US SPX 500;
US Tech 100;
Germany 30.

On Monday 24th February 2020, the above products will be set to ‘close only’ trades. We would like clients to move all existing positions and trading to the below mini variants of these products, detailed below.

Wall Street 30 (Mini);
US SPX 500 (Mini);
US Tech 100 (Mini);
Germany 30 (Mini).

Please consider these changes when planning your trading activities and ensure you’ve moved your positions by 4th April.

Source

On March 8th FXOpen Switches its Trading Servers to Summer Time (GMT+3)

On March 8th, 2020 FXOpen will switch its trading servers 1 hour ahead, from GMT +2
to GMT +3.

The change will affect all types of FXOpen trading accounts. In ECN, STP and Micro accounts summer time will take effect starting with the market opening on Monday, March 9th 2020. In Crypto accounts, where trading is available during the weekend, traders will experience the change immediately after it occurs, on Sunday, March 8th, 2020.

The changing of server time should not impact your open trades or the process of opening, placing, closing and modifying orders. However, keep this in mind when planning your trading and do not forget to adjust the time settings in your Indicators and Expert Advisors.

Follow the updates on Facebook, Twitter and Telegram.

FXOpen Launches New Accounts - Crypto 10

Dear Traders,

FXOpen is pleased to announce the launch of a brand new trading account - Crypto 10, where you can access high leverage, low cost cryptocurrency trading from as little as $10.

Open Crypto 10

Conditions:
Account currency: USD, EUR, GBP, RUB, JPY;
Minimum deposit: $10 (or equivalent in other currency);
Commission: 0.25% (half-turn);
Leverage: 1:10;
Margin call: 100%;
Stop Out: 50%.
Learn more about our new Crypto 10 accounts in FXOpen knowledge base.

Follow the updates on Facebook, Twitter and Telegram.

FXOpen Increases Margin Requirements Due to Effect of Coronavirus

Due to the current high volatility across all financial markets, FXOpen have taken the decision to increase margin requirements by up to 5 times their normal level in order to protect client funds. The change affects currency pairs, indices, metals and commodities and will take effect from March 17th until further notice. Please ensure you have sufficient margin to cover any open positions.

Cryptocurrencies are unaffected by this change.

Please consider these circumstances when planning your forthcoming trading activities.

For reference
As we know, today at an emergency meeting the US Fed decided to cut its key interest rate to 0-0.25% to support the economy. However, despite this, stock indices are currently falling following the news of the coronavirus pandemic.

With the fall of Asian and European indices, as well as US Index Futures, Bitcoin is also losing ground. However, in the near future, Bitcoin might attract the demand of investors as an alternative asset. Halving can give Bitcoin additional growth.

You should not expect a quick recovery in stock prices, while the spread of coronavirus continues, which impedes the normal functioning of the economy. Following an almost complete stoppage of the largest economies in the world, the number of infected continues growing exponentially, which indicates the insufficiency of the measures taken. This factor may further destabilize markets. With this development, it is also likely that currencies in emerging markets will decline, as well as a rapid increase in volatility in the Forex market.

If stock indices hold on at current levels and coronavirus recedes, a rally in all markets can be expected. Creating a vaccine can “blow markets.”

Based on the current situation, guided by the rules of risk management and in order to preserve client funds, FXOpen decided to increase margin requirements. We sincerely hope for your understanding.

Follow the updates on Facebook, Twitter and Telegram.

FXOpen Increases Margin Requirements Due to Effect of Coronavirus

Due to the current high volatility across all financial markets, FXOpen have taken the decision to increase margin requirements by up to 5 times their normal level in order to protect client funds. The change affects currency pairs, indices, metals and commodities and will take effect from March 17th until further notice. Please ensure you have sufficient margin to cover any open positions.

Cryptocurrencies are unaffected by this change.

Please consider these circumstances when planning your forthcoming trading activities.

Source

Making your money go further in turbulent times with commission free deposits

Fund your accounts with no commission to pay with FXOpen! We are delighted to offer you commission free deposits via any payment system available (except for Bank Wire Transfer), so in these turbulent times for financial markets, you can make your money go further.

Starting from March 20, 2020, all FXOpen clients will be able to add funds to their accounts without incurring any fees charged by the payment systems.

Follow the updates on Facebook, Twitter and Telegram.

New Trading Conditions for France 40 Index CFD

Dear traders!

We’d like to inform you that due to a short selling restriction put in place by French regulators, our France 40 Equity Index CFD has changed. On the MT4 platform it is set to closing positions only and on the MT5 platform it is now set to long positions only, meaning you can close positions and open buy positions, until further notice.

Please consider these changes when planning your trading activities and ensure you have enough funds in your account to maintain your positions.

Furthermore, due to the impact COVID-19 has had on the availability of physical gold in the market, this has reduced liquidity. With our wide range of liquidity providers we are currently able to price gold, although the spread may widen.

Follow the updates on Facebook, Twitter and Telegram.