FXOpen slashes ECN fees by 30%

FXOpen has recently added several new Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term providers to its ECN feed and is now able to offer significantly lower commissions. This represents a drop of about 30% in commission charge. It seems that competition in MT4 ECN market is increasing and the retail clients are those who enjoy it the most.

FXOpen, one of the world’s leading FOREX brokerage companies, is pleased to announce that it will reduce commission fees on ECN accounts. The change takes effect on March 14, 2011.

In pursuit of its mission FXOpen has always taken strides to provide the most convenient, fair and professional trading conditions. Now the Company has lowered its commission fees on ECN account by approximately one quarter from USD 3.5 down to 2.5 for 100,000 (1 Lot) for accounts with Net Deposit up to USD 50,000 and from USD 2.3 down to USD 1.8 for 100,000 (1 Lot) for accounts with Net Deposit higher than USD 50,000. FXOpen knows that this step will further help our valued customers to get the most out of foreign exchange trading.

“We’re eager to offer the most favourable trading conditions in the industry,” comments Denis Peganov, FXOpen’s Development Director. “And we are glad to make one more step in improving our customers’ trading environment. The reduced commission together with the lowest spreads make ECN accounts even more attractive for traders”.

For more information about ECN trading conditions, please, see the Trading Terms page or follow the discussion on our forum.