360° Coverage : FXOpen Introduces STP Accounts

1 Updates
FXOpen Introduces STP Accounts
Photo Credit: PR.com

FXOpen Introduces STP Accounts

Sep 27 2013, 7:08am CDT | by PR.com

FXOpen is delighted to announce the launch of a new type of trading account available soon where broker’s clients will be able to test the STP environment and experience the more favourable trading conditions associated with this type of account.

Auckland, New Zealand, September 27, 2013 --(PR.com)-- STP is an advanced market-oriented solution targeted at meeting the requirements of more sophisticated Forex traders. STP has a number of...

Filed under: news

Tweets

 
 
 

1 year ago

FXOpen Introduces STP Accounts

Sep 27 2013, 7:08am CDT | by PR.com

FXOpen is delighted to announce the launch of a new type of trading account available soon where broker’s clients will be able to test the STP environment and experience the more favourable trading conditions associated with this type of account.

Auckland, New Zealand, September 27, 2013 --(PR.com)-- STP is an advanced market-oriented solution targeted at meeting the requirements of more sophisticated Forex traders. STP has a number of advantages including:

- No commission (see the explanation below);
- Floating spreads;
- Access to interbank liquidity (FXOpen ECN);
- US$100 minimal deposit;
- 1:500 leverage;
- SWAP-free trading;
- 49 currency pairs, gold/silver.

The most distinguishing feature of STP accounts is the difference between the Best BID and the Best ASK prices i.e., the spread being a bit wider due to inclusion of commission that is paid to the broker. The reasoning is that in STP trading, orders go directly to the market, where each client could benefit by making use of the available liquidity.

It must be understood that Liquidity Provides (LPs) are the only counterparty for the broker’s clients in this system. By paying mark-up to the broker that is included in the spread, clients may expect better order execution in STP accounts, which is important for high-frequency traders. In the ECN/STP environment, traders may transact both with LPs and with each other. They are offered a narrower spread as a result of commission paid.

“A major attraction of STP is that it provides the client with an opportunity to apply different unrestricted trading strategies for example, scalping or news trading,” commented Denis Peganov, FXOpen NZ Limited Director. “Moreover Forex traders are encouraged to experience ‘algotrading’ as these accounts are EA-friendly and allow the use of robots.”

FXOpen has already introduced a Demo STP account which is available to clients for testing before switching to live trading.

Open Demo STP

FXOpen is a reputable brokerage company that has built its customers trust and credibility through a mutual, durable collaboration on all Forex related issues. FXOpen is renowned for its innovative solutions and technologies such as the ECN-integrated platform MT4, advanced PAMM service, elaborated trading accounts (Micro, Standard, ECN/STP, STP) and customer-oriented terms of business offering the lowest spread and mark-up.

FXOpen NZ Limited is registered with the Financial Service Provider Registry in New Zealand (FSPR License Number: FSP192685) and is a member of the Financial Commission and the Financial Dispute Resolution Scheme under the legislation. The company has been in the market since 2003 and has long-term plans for further development.

“By setting new standards in Honesty, Integrity and Accountability, FXOpen hopes to show the world that it is a company that you can rely on,” concluded Denis Peganov.

Contact Information:
FXOpen
Sofie Abramson
1 800-88-4444
Contact via Email
http://www.fxopen.com/

Read the full story here: http://www.pr.com/press-release/518603

Press Release Distributed by PR.com

Source: PR.com

 
Update
1

Tweets

 
 
 

blog comments powered by Disqus

Latest stories

NASDAQ is Back at 2000 Dot-Com Bubble Level
NASDAQ is Back at 2000 Dot-Com Bubble Level
The Dot-Com force is back at the NASDAQ. It took Silicon Valley 15 years to bring back the NASDAQ to the Dot-Com Bubble Levels. With startup valuations in the billions becoming the norm, Wall Street is following up with driving up the value of public traded tech companies.
 
 
Bill Gates Tops Forbes Billionaires List Again
Bill Gates Tops Forbes Billionaires List Again
Microsoft co-founder Bill Gates is back on top of the Forbes Billionaires list.
 
 
$75,000 Apple Watch revealed
$75,000 Apple Watch revealed
When Apple's designs are not exclusive enough then there are 3rd parties who add gold and diamonds to the iGadget to make them precious. Brikk announced the Lux Watch, a diamond studded version of the Apple Watch.
 
 
Sony will not Sell Off TV And Mobile Spinoffs
Sony will not Sell Off TV And Mobile Spinoffs
Sony President Kazuo Hirai clarified on Wednesday that the company will not immediately sell off the spun out TV and mobile phone business.