Is FXopen.com a fair Forex Broker?
FX open is a Forex Broker offering Forex Trading services via MetaTrader 4 trading platform and WebTrader. Regarding orders execution model, FX open offers STP and ECN accounts where orders should be executed at their liquidity providers. Their "micro" trading account is a market maker account with instant execution (as stated at their website). FX open offers no deposit bonus and small welcome bonus - this is NOT a good sign, at least the amounts of the offers are reasonable. Their leverage 1:500 is quite high, which is not a good sign too. FX Open also charges inactivity fee.
Pros: ECN / STP trading accounts, low trading costs, trustworthy information at their website
Cons: Market Maker micro trading account, bonuses, high leverage, inactivity fees