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