Is FXOpen legit or not?

I want to be clear: FXOpen is undeniably a reputable broker. I spent considerable time using their platform before forming an opinion. However, in my view, newcomers to trading should be cautious about choosing FXOpen. Simply put, it might not be the ideal choice for beginners.

The crux of the matter is, beginners often need mentorship—a guiding hand to steer them away from typical beginner pitfalls. FXOpen’s major shortcoming is its lack of proactive guidance. It doesn’t have dedicated account managers who’ll call and walk you through the platform, or help you dodge early trading blunders that could wipe out your capital.

So, what are these common missteps? Let’s delve deeper

My website attracts a myriad of visitors every month, granting me the privilege to interact with a diverse crowd—from trading novices to seasoned experts, to those seeking a nudge in the right direction. Through my online trading scam section, available [here], I’ve documented countless testimonies of users who I’ve aided in sidestepping deceitful brokers.

This constant online interaction has granted me insights into the top three pitfalls novice traders frequently stumble into. Here they are:

1. Uninformed Investment: It’s alarming how over 80% of traders dive into trading without proper knowledge. This results in a significant chunk of these traders, if not all, squandering their entire investment.
2. Misleading Reviews: The web is rife with skewed broker reviews that solely highlight positives, overshadowing any negatives. We live in an era where fake news runs rampant. Many sites promote brokers solely for monetary gains, leading users astray. It’s imperative to recognize that a broker suitable for a seasoned trader might not align with a beginner’s needs. This is why I meticulously assess platforms from diverse perspectives. One pivotal question I always ask is whether a certain broker caters more to veterans or novices. The feedback I receive, both via email and website comments, assures me that this approach is invaluable.
3. Lack of Educational Resources: To succeed in trading, you must continually educate yourself. While some trading concepts might seem intricate, they’re often simpler than they appear. Many brokers, FXOpen included, don’t offer top-notch, easily digestible educational content to their users. This often leads to a steep, challenging learning curve for many.

In conclusion, while FXOpen has its merits, it’s crucial to be aware of these potential pitfalls before committing. Choose wisely and always prioritize learning.

What is the solution? What is the alternative to FXOpen?

What I always suggest to those who want to start in this sector is to start trading by registering with a broker that provides well explained and above all free training material, which explains clearly and without incomprehensible words what it means to trade, obtaining profits and reducing risks.

As in all activities, at the beginning it’s always vital to have a guide, a help, a manual that makes us understand how to get off on the right foot (CLICK HERE) reducing mistakes, because, always remember, that making mistakes in this field means losing your money.

I have always tried to offer my point of view to my users so that they could gather more awareness before signing up with a broker and before starting to invest money. The testimonials you can find on the online trading page opinions make me proud because I can say that I have helped many people not to run into the scams of unregulated brokers and I have always tried to make them understand that the choice of the most suitable broker for us is the condition which you cannot trade profitably without.

At this point you will have understood that I cannot recommend a broker like FXOpen to a beginner: FXOpen does not offer the training material and the step-by-step assistance that a broker should always offer to a beginner.

Luckily, there is an excellent broker suitable especially for beginners! Let’s find out what’s the alternative at this point.

What is the best alternative to FXOpen?

The platform that I would suggest to those who want to get started in the best way exists and is called CAPEXBroker (click here to access the site)!

Let’s understand together why it represents the real alternative for those who are starting to dive into the world of trading!

CAPEXBroker is first of all safe and reliable as FXOpen as both have the regulation to trade in Europe and Worldwide and obviously in South Africa (They have Financial Sector Conduct Authority license). If from this point of view, they are at the same level, however, it is also true that CAPEXBroker is a broker that unlike FXOpen offers everything a beginner must have in order not to make mistakes dictated by lack of experience.

What makes CAPEXBroker better than FXOpen? What does it offer you?

The main and vital thing that CAPEXBroker offers is the possibility to get a free trading manual that you can download immediately. To get it you don’t have to deposit any money, just CLICK HERE, enter the data to subscribe and you can get the guide immediately.

I have personally read the CAPEXBroker’s manual and I can assure you that compared to all those in the industry it is really well done. There is a lot of clear information, explained in a very understandable language, even for a beginner. This guide will explain everything about online trading and how to make the best use of the CAPEXBroker platform.

I am sure that as soon as you sign up and download it, you will return to my site and leave a thank you comment! 🙂

Those who invest on the stock exchange know how important it is to be able to get trading signals. Well, unlike FXOpen, CAPEXBroker offers completely free access to its trading signals service.

You can ask your account manager (a very important figure that FXOpen does not offer unlike CAPEXBroker), the person who will contact you by phone right away to explain step by step how the platform works and how to start investing, an absolutely free trial of trading signals (CLICK HERE TO START).

CAPEXBroker‘s trading signals provide information to the user about an asset market movements. In practice, these signals are provided by experienced CAPEXBroker traders who indicate when it is more appropriate to invest in one asset than another. The carried-out study to issue trading signals is very complex (advanced technical analysis should be known) and CAPEXBroker provides all this for free! Beginners normally rely on these signals to start making profits right away and you can take advantage of them by clicking here!

Given the differences between what CAPEXBroker and FXOpen offers, let’s make a small summary.

CAPEXBroker’s Advantageous Offerings Over FXOpen

CAPEXBroker presents an alluring package at no cost and without a deposit prerequisite:

1. Lucidly presented training materials (a feature FXOpen lacks).
2. A dedicated account manager to guide you through every step (an advantage not found with FXOpen).
3. Expert-backed trading signals (yet another service FXOpen doesn’t offer).

The benefits offered by CAPEXBroker set you up for a strong start in the world of online trading. Imagine being handed a roadmap, a comprehensive trading manual – a resource that, if acquired separately, would set you back by approximately 3000 ZAR. Instead of shelling out such an amount, you have the option to utilize it for trading after accessing the guide at zero cost.

I trust this comparative analysis has shed light on why CAPEXBroker holds an edge over FXOpen, especially for trading novices. Should you require further insights or assistance, please drop a comment below; I’m here to help!

Ready to embark on your trading journey? Take the initiative. Visit www.CAPEXBroker.com/trading-manual, immerse yourself in the content, and you’ll soon grasp the art of profitable trading!