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Screenshot of a breaking news alert e-mail from Q2 2017
Retail forex broker FXOpen UK has just announced the addition of STP accounts to the menu of trading accounts for its clients. Owners of such accounts will be able to trade 50 currency pairs, as well as Gold and Silver.
As their name suggests, the STP accounts offer the pros (and cons) of ‘Straight Through Processing’ execution. The broker notes that with STP accounts, the commissions are already included in the spread and, hence, there is no separate commission to pay.
Talking of spreads, let’s mention that the spreads for trading with this type of accounts are floating, that is, variable. Pay attention to that, as such spreads vary according to market conditions and the liquidity available.
Fans of scalping and hedging will appreciate these accounts, as such trading strategies are welcome. There are no limitations on automated trading either.
To finish the brief review, let’s say that traders need at least $300 to open an STP account with FXOpen UK and that the maximum leverage is quite generous at 500x.
To view the original announcement on the launch of the new accounts, click here.