360° Coverage : FXOpen Introduces STP Accounts

11 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

YouTube Videos

 
 
 

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
11

1 hour ago

Amy Hoak's Home Economics: 5 real estate mistakes retirees make

Oct 20 2014 4:00am CDT | Source: MarketWatch

Whether they’re downsizing, relocating to a different community or making renovations to an existing home, it’s easy for retirees to make a wrong move. ...
Source: MarketWatch   Full article at: MarketWatch
 

 
Update
10

7 hours ago

Pre-market: Oil shares in focus after gas price hike

Oct 19 2014 10:00pm CDT | Source: Business Standard

Markets will open higher today led by oil shares after the government announced diesel price deregulation and the gas price ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
9

15 hours ago

Boost for ONGC but RIL will have to wait

Oct 19 2014 2:15pm CDT | Source: Business Standard

The market believes ONGC and OIL would be the biggest beneficiaries of diesel price deregulation and the gas price revisi ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
8

15 hours ago

Tata JLR plans factory in US

Oct 19 2014 1:45pm CDT | Source: Business Standard

Tata Motors-owned Jaguar Land Rover (JLR) is working on an ambitious plan to set up a factory in the US, in a first for a British car maker in the world's second-biggest automobile market.The west Midlan ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
7

15 hours ago

Analytics is not just about giving insights: Sudeshna Datta & Suhale Kapoor

Oct 19 2014 1:43pm CDT | Source: Business Standard

Interview with co-founder & executive vice-president, AbsolutD ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
5

16 hours ago

Thousands of Walkers Turn Washington Park in Albany Pink for Breast Cancer

Oct 19 2014 12:44pm CDT | Source: Your News Now - Capital Region

The Making Strides Against Breast Cancer Walk raises money for education, research and most ...
Source: Your News Now - Capital Region   Full article at: Your News Now - Capital Region
 

 
Update
4

5 days ago

Rio tells investors to expect cash

Oct 14 2014 11:57pm CDT | Source: NEWS.com.au

RIO Tinto looks committed to returning extra share to shareholders as it tries to fend off criticism from WA's premier and would-be suitor Glen ...
Source: NEWS.com.au   Full article at: NEWS.com.au
 

 
Update
3

5 days ago

Vodacom targets growth of data

Oct 14 2014 11:17pm CDT | Source: Business Day

The company is spending R9bn to expand and upgrade its network with the aim of having a faster broadband network everywhere there is a voice network ...
Source: Business Day   Full article at: Business Day
 

 
Update
2

5 days ago

Energy fund’s irregular spending soars

Oct 14 2014 10:59pm CDT | Source: Business Day

The auditor-general recommends the Central Energy Fund’s board comply with relevant legislation, and establish an independent review system ...
Source: Business Day   Full article at: Business Day
 

 
Update
1

5 days ago

Great Northern mill auction delayed one week

Oct 14 2014 9:49pm CDT | Source: Sun Journal

EAST MILLINOCKET — A court-approved auction of Great Northern Paper Co.’s real estate and buildings originally set for Wednesday will be delayed a week while a bankruptcy trustee works to untangle the mill’s complex ownership structure, ...
Source: Sun Journal   Full article at: Sun Journal
 

 

Don't miss ...

 

blog comments powered by Disqus

Latest stories

'Time to rename medicines for mental health'
London, Oct 20 (IANS) In order to remove confusion for patients who could be prescribed drugs that appear to be unrelated to their condition, the world's major psychiatry organisations are proposing to completely change the terminology of the drugs used in mental disorders.
 
 
How to prevent brain damage after trauma
New York, Oct 20 (IANS) A treatment to prevent the body's immune system from killing brain cells can reduce the brain damage caused by head injuries, a study co-authored by an Indian origin researcher has found.
 
 
Heart attack ups depression risk in women
London, Oct 20 (IANS) Women are at a higher risk of developing anxiety and depression after a heart attack than men, new research shows.
 
 
Vitamin B12 could detoxify pollutants
London, Oct 20 (IANS) Looking at how certain organisms manage to lower the toxicity of pollutants, researchers have discovered that vitamin B12 could be the key to combating pollution.
 
 
 

Latest from the Network

1,074 new dengue cases in Chinese province
Beijing, Oct 18 (IANS) China's Guangdong province has reported 1,047 new cases of dengue fever, health authorities said Saturday. Six people have already died in Guangdong -- five in Guangzhou and one in adjacent...
Read more on Business Balla
 
Blake Lively 'always' wanted to be mum
Blake Lively has ''always'' wanted to be a mother. The 27-year-old actress is expecting her first child with husband Ryan Reynolds and she admits she's been dreaming of this moment since she was a youngster. Speaking...
Read more on Celebrity Balla
 
Kris Jenner 'torn apart' by Bruce's new relationship
Kris Jenner feels ''torn apart and angry'' that Bruce Jenner is dating her former assistant. The 58-year-old matriarch split from the 64-year-old Olympic gold medalist last October following 22-years of marriage but is...
Read more on Celebrity Balla
 
Cheryl Fernandez-Versini won't move to France
Cheryl Fernandez-Versini doesn't want to move to her husband's home country of France. The 'X Factor' judge, 31, who comes from Newcastle, is adamant she won't be relocating any time soon to suit her new spouse Jean-...
Read more on Celebrity Balla
 
Lance Bass sets wedding date
Lance Bass has set a date for his wedding. The former *NSYNC singer and his partner Michael Turchin, who have been dating for two-and-a-half years, are to tie the knot on December 20, 2014, a representative for the...
Read more on Celebrity Balla
 
Nepal avalanche toll reaches 39
Kathmandu, Oct 18 (IANS) At least 39 climbers died while hiking on a key Nepali route after it was hit by a major snowstorm and avalanches earlier this week, BBC reported Saturday citing officials. Over 350 stranded...
Read more on Politics Balla
 
Jake Gyllenhaal says society is complicit in 'nightcrawling'
Jake Gyllenhaal says almost everybody in society ought to relate to his new movie 'Nightcrawlers'. The eagerly-awaited film concerns those people who monitor police scanners and then race to crime scenes to film eye-...
Read more on Movie Balla
 
India eves look for first win in AFC U-16 qualifiers
Dhaka, Oct 18 (IANS) India will hope to register their first win of the 2015 Asian Football Confederation (AFC) Under-16 Women's Championship qualifiers when they take on hosts Bangladesh in a crucial encounter at the...
Read more on Sport Balla
 
Moyes mulling return to management
London, Oct 18 (IANS) Former Manchester United manager David Moyes said that he is ready to revive his managerial career six months after being sacked by the 'Red Devils'. "I am ready to return. I have enjoyed the...
Read more on Sport Balla
 
Ebola fears loom over Ghana hosting AFCON
Accra (Ghana), Oct 18 (IANS) The Ghana Medical Association (GMA) cautioned the government Saturday against hosting the 2015 African Cup of Nations (AFCON), despite a request by the Confederation of African Football (...
Read more on Sport Balla