FXOpen Granted FSA License

9 Comments

fxopenFXOpen, one of the world’s largest MT4 brokers, was just granted an FSA license. Company briefly stated the following:

LONDON, March 25, 2013 – FXOpen, a leading forex broker, announced a major development in its global business – FXOpen Ltd, part of FXOpen group of companies, is now authorised and regulated by the Financial Services Authority (FSA) in the United Kingdom under reference number 579202.

“Authorisation by the FSA represents important recognition of our commitment to the strict regulatory and financial standards that more and more clients come to expect from brokers,” said Alexey Stepanov, CEO of FXOpen Ltd. “We look forward to launching our award winning services in the coming months allowing new customers in the UK and Continental Europe to benefit from FXOpen’s worldwide experience and leading product offering combined with the transparency of a regulated broker”.

Once operations start in the near future, FXOpen Ltd will provide a true ECN/STP environment for its clients offering them a professional level trading environment and market leading levels of service and execution.

FXOpen was the first to bring pure ECN trading over MT4 platform and lately hit over $100 billion in monthly trading volume over its ECN platform alone. The company has certainly come a long way since being removed from Mauritius for no known reason and then settling with the CFTC for accepting US customers. FXOpen was recently granted an ASIC license and now with receiving the FSA one as well it is finally able to compete on same field with other, more established players.







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More information on this subject is found in the latest Forex Magnates Quarterly Report


9 Comments on this post

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  1. Sam said:

    100 billion…u got to be kidding me!

    March 27th, 2013 at 2:19 pm
  2. Michael Greenberg said:

    for reals

    March 27th, 2013 at 2:44 pm
  3. Denis Peganov FXOpen NZ said:

    Congratulations for our UK colleagues:)

    March 27th, 2013 at 3:01 pm
  4. Sam said:

    Fxopen comment
    Once operations start in the near future, FXOpen Ltd will provide a true ECN/STP environment for its clients .

    Your comment

    FXOpen was the first to bring pure ECN trading over MT4 platform and lately hit over $100 billion in monthly trading volume over its ECN platform alone.

    Do you see conflict? They are talking future and you are talking present.

    Please add a line when u say 100 billion ( it is your best guess) dont be fooled by what they tell you.

    March 27th, 2013 at 3:12 pm
  5. Michael Greenberg said:

    please read carefully, at least twice, before replying the next time
    global fxopen offers ECN for 3 years now, fxopen ltd (uk one) will gradually phase it in (i assume regulatory approval will take time)
    re numbers – we are known for being fooled by brokers for years now, in fact this whole website is based on what brokers tell us – not the facts, so this is just another proof

    March 27th, 2013 at 3:57 pm
  6. Andy said:

    I dont know if you meant that in an ironic way. But there is no other way than asking the broker obviously, since noone else really knows. I would also assume numbers stated in the quaterly reports of listed companies such as fxcm would be relatively firm (since lying to investors is a criminal offence) – numbers from privately held brokers dropped in some interview to a much lesser extent. Obviously there is an incentive for exaggeration.

    March 27th, 2013 at 6:19 pm
  7. Michael Greenberg said:

    we don’t ask brokers, with the exception of handful of brokers we do trust, we verify the information through liquidity providers, partners, competitors, employees and former employees. this is why our numbers have been quite accurate in the past.

    March 28th, 2013 at 12:23 am
  8. paul said:

    Good for them

    March 28th, 2013 at 10:52 am
  9. Martins said:

    Congrats Alex !!!

    March 28th, 2013 at 12:44 pm

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