FXOpen launches commission free CFD trading in FX, indices, shares, commodities, and crypto

Rick Steves

“FXOpen’s ongoing commitment to ensure trading is as affordable as possible, continues into the new year of 2023. We understand how important commission free trading is for our clients, so we are delighted to announce that all clients can now trade commission free on index CFDs, regardless of volume. This, coupled with our ongoing enhancements to the ECN liquidity, allows FXOpen to continue to offer our clients the best possible trading experience.”

FXOpen has announced the introduction of commission free trading, offering over 600 markets, including FX, index CFDs, shares CFDs, commodities CFDs, and cryptocurrency CFDs

The renowned FX and CFD broker has also removed the commission fees for any index trades placed on an FXOpen ECN account.

Commission free trading + ECN liquidity for best possible experience

Gary Thomson, Chief Operating Officer of FXOpen UK, commented: “FXOpen’s ongoing commitment to ensure trading is as affordable as possible, continues into the new year of 2023. We understand how important commission free trading is for our clients, so we are delighted to announce that all clients can now trade commission free on index CFDs, regardless of volume. This, coupled with our ongoing enhancements to the ECN liquidity, allows FXOpen to continue to offer our clients the best possible trading experience.”

Here are some of global index CFDs that tend to prove the most popular for FXOpen clients:

  • Wall Street 30: Tracks the performance of 30 of the biggest publicly traded firms in the United States.
  • Germany 40: Made up of the 40 largest companies on the Frankfurt Stock Exchange.
  • UK 100: The UK’s largest 100 firms, by market capital, as listed on the London Stock Exchange.
  • US Tech 100: Measures the performance of the 100 biggest non-financial companies in the United States, with a heavy focus on the technology sector.
  • Japan 225: A price-weighted index covering 225 of Japan’s largest companies.

In mid-2022, FXOpen enhanced trading conditions, namely in regard to ECN liquidity in order to provide the tightest spreads possible for their traders. The move has resulted in much tighter average spreads offered by the broker, namely in FX pairs as exemplified below:

EURUSD average spread 0.2 (data taken on 6th June vs average spread data taken on 21st June)

AUDUSD average spread 0.3 (data taken on 21st June)

USDJPY average spread 0.4 (data taken on 21st June)

USDCAD average spread 0.5 (data taken on 21st June)

The CFD broker also launched a partnership with TradingView, giving their traders access to the increasingly popular charting and social network trading platform.

Founded in 2005, FXOpen has a network of worldwide offices with brokerages in London, Cyprus, and Australia regulated by the FCA, CySEC, and ASIC respectively.

  • Read this next

    Web3

    Lisk Partners with Indonesia’s Communications Ministry to Boost Web3 Startup Ecosystem

    Discover the strategic partnership between Lisk and the Indonesian Ministry of Communications and Informatics, aimed at propelling local Web3 startups to new heights through comprehensive support and education.

    Executive Moves

    Admirals appoints founder Alexander Tsikhilov as CEO

    “Striking the right balance between sourcing new talent and developing and harnessing the strength and capabilities of our current workforce, is key to achieving our vision.”

    Executive Moves

    GCEX appoints Ignacio Corral and Helen Man to UK operation

    GCEX has announced the appointment of Ignacio Corral and Helen Man to its UK FCA-regulated operation based in London as the firm further expands its global business on account of increasing demand for its digital prime brokerage services.

    Retail FX, Uncategorized

    Public.com to shut down UK operation after eight months

    Public.com’s UK withdrawal reflects broader market dynamics, where increased competition among retail investing platforms, including newcomers like Robinhood and Webull, pressures companies to consolidate their efforts in their most profitable or strategic markets.

    Industry News

    UK FCA commits to swifter enforcement actions

    “Reducing and preventing serious harm is a cornerstone of our strategy. By delivering faster, targeted and transparent enforcement, we will reduce harm and deter others. We will also make greater use of our intervention powers to stop harm in real time.”

    Digital Assets

    Ultimate Crypto Trading Software: Zent Launches Innovative Platform For All Institutional Needs

    Zent, a pioneering software provider for financial institutions, has unveiled its all-in-one platform for high-speed crypto trading across popular exchanges. The “ultimate tool tailored to institutional teams and trading volumes” offers distinct advantages, eliminating hurdles like delays and market impact.

    Digital Assets

    OKX officially launches Turkish crypto trading platform

    “With a crypto adoption rate close to 50%, Türkiye represents a very dynamic and promising market for the industry as it continues to develop. The population’s high level of engagement and understanding of digital assets makes it an ideal environment for OKX, and we’re strongly committed to helping continue to grow this already vibrant ecosystem.”

    Retail FX

    ZA Bank launches US stock trading service ZA Invest

    ZA Invest provides access to over 6,000 US stocks and 3,000 ETFs, and a promotional USD savings interest rate of up to 10% p.a. for eligible users.

    Podcasts, Women of the Industry

    FF Podcast delves into the rise of prop trading as Brokeree releases Prop Pulse

    In the latest FinanceFeeds Podcast, Tatiana Pilipenko discusses Prop Pulse, Brokeree Solutions’ platform for prop firms and retail brokers aiming to delve into prop trading. Offering a flat fee structure, Prop Pulse emerges as a scalable solution in an era where successful traders increasingly prefer prop firms over traditional retail brokers.

    <