📈 Popular:

Broker of the month

Top 27 Regulated Forex Brokers

Forex No Deposit Bonuses

Promotions

⚡ Easily Trade – Apple, Microsoft , Tesla and Google Stocks – Open a FREE Account Here

Best Brokers

1st Place

2nd Place

3rd Place

4th Place

5th Place

X Open Hub Account Types

X Open Hub_Account Types

 

Overall Rating

4.6/5

Rated #67 of
Recommended FX Brokers

💰Minimum Deposit

USD 0

🌐 Regulators

FCA

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

X Open Hub provides several unique account types, each with a unique set of conditions for commission, fees, margin calls, leverage, and minimum deposits.

X Open Hub is a UK-based fintech company that has been in operation since 2013 as an online trading provider and a provider of multi-asset liquidity to both retail firms and financial institutions.

X Open Hub is heavily invested in the development of technology that allows for the delivery of both low-latency execution along with lower pricing and tight spreads which start from 0.0 pips as well as access to investments in various exotic markets.

X Open Hub provides traders with access to over 3,000 global instruments which are spread over several assets.

 

X Open Hub Accounts

X Open Hub has a unique offering that caters specifically to banks, brokers, and start-ups which means that the broker has diversified its offerings especially and specifically for such clients.

Banks or brokerages are provided with the opportunity for expanded trading in the offer to their own clients or traders. This is achieved through the improvement of operating results due to the outsourcing of strategy.

X Open Hub stays up to date with the needs and demands of its clients so that a trading environment that caters for third parties can be provided and subsequently it will help with the creation of new trading systems based on X Open Hub’s APIs.

 

The accounts that X Open Hub offers its unique clientele provide flexibility on mark-ups about influence charts and swaps along with including settings that can be customizable according to the clients’ needs and/or demands.

Adequate provision is made to ensure that limitations are absent on security groups and access to IB, MAM, multi-assets, flexible netting, and gross management is added as a feature.

The spreads offered by X Open Hub are according to the most competitive pricing models which are provided with interbank spreads of the highest grade.

The spreads offered are floating instead of fixed or variable and X Open Hub includes tools that can be adjusted to obtain better pricing. X Open Hub’s advantage is that each investor or institution has solutions tailored to their individual needs.

Traders or investors need to acknowledge that spreads are determined by both the instruments themselves along with the market conditions.

 

X Open Hub Demo Account

X Open Hub offers traders the option of opening a Demo Account which can be utilized in various ways, including, but not limited to the following:

  • A practice account for beginner traders who wish to improve their trading skills and experience in a risk-free environment using virtual funds.
  • Traders who are evaluating and comparing brokers who would like to explore X Open Hub’ trading conditions in a risk-free environment, and
  • Traders who wish to test their trading strategies in a mimicked live trading environment without risking their capital.

 

X Open Hub’s demo account sign-up is fully digitalized and hassle-free. It can be done within a few minutes and as soon as the trader is registered, demo trading can commence once the demo account designated trading platform has been installed on either of the following:

  • Desktop PCs that use Linux, Windows, or macOS, or
  • Mobile devices such as tablets and smartphones that run Android or iOS operating systems.

 

Alternatively, traders can easily access the trading platforms from their web browser and use their credentials to sign into their X Open Hub Demo Account using the demo designated trading platform’s WebTrader.

 

X Open Hub Islamic Account

The purpose of an Islamic Account is that it caters specifically to Muslim traders who strictly follow Sharia law, which prevents its followers from paying any interest, such as overnight fees, which is seen as wasteful or exploitive.

Overnight fees are charged should traders hold positions open for longer after the trading day has concluded and this account allows exemption from such fees or interest, should they hold positions open for longer.

Muslim traders need to acknowledge that brokers do not always offer the option of an Islamic Account. In cases such as these, when trading with such brokers, Muslim traders need to take note that standard trading conditions will apply.

Thus, when trading, Muslim traders need to ensure that open positions are closed before the trading day concludes to avoid being subjected to overnight fees or swaps charged to the trading account, which is strictly prohibited by Sharia Law.

Also, some brokers who offer an Islamic Account as an option may charge additional commissions, administration fees, and wider spreads to compensate for the absence of overnight fees.

There are however brokers who offer the Islamic Account as a standalone account type with its own set of trading conditions into which additional fees may already be calculated where other brokers do not charge any additional fees.

 

Due to the nature of its business and the unique trading conditions and trading solutions provided, X Open Hub does not offer Muslim traders the option of converting an account to that of an Islamic Account.

 

The diversity provided by these accounts ensures that traders have access to a trading environment that is competitive and cost-effective in terms of trading and non-trading costs.

X Open Hub traders are given the edge they need to facilitate their trading activities regardless of their level of skills, knowledge, and experience.

 

Overall Rating

4.6/5

Rated #67 of
Recommended FX Brokers

💰Minimum Deposit

USD 0

🌐 Regulators

FCA

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

X Open Hub designs each account based on the needs of different types of traders.

Now that you know what to expect in terms of the account types offered by X Open Hub, let’s look at some of the pros and cons of trading with them.

 

Pros and Cons

✔️Pros ❌Cons
Well regulated No US Clients
Unique offering Not recommended for beginners
Professional, institutional traders catered for Retail traders not accommodated
Competitive trading conditions Islamic Account option not offered
Demo account offered
Powerful trading platforms supported
The advanced technology employed in trading solutions

 

X Open Hub provides traders with competitive and comprehensive trading conditions, tailored to the needs of various traders despite their level of understanding and expertise.

To conclude this article, here is a brief overview of X Open Hub containing all essential information:

 

X Open Hub at a Glance

Broker’s Name X Open Hub
Headquartered United Kingdom
Year Founded 2002
Regulating Authorities FCA
Countries not accepted for trade United States
Islamic Account (Swap Free) No
Demo Account Yes
Institutional Accounts Yes
Managed Accounts Yes
Maximum Leverage 1:30
Minimum Deposit Not specified
Deposit Options Bank Wire Transfer
Withdrawal Options Bank Wire Transfer
Platform Types XOH Trading Platform, MetaTrader 4 White Label
OS Compatibility Web browsers, Windows, macOS, Linux, Android, iPhone, tablets, iPads
Tradable Assets Forex, indices, commodities, shares, ETFs, cryptocurrencies
Languages supported on Website English
Customer Support Languages English
Customer Service Hours 24/5

 

Conclusion

X Open Hub offers flexible account types that accommodate unique trading objectives and these accounts can also be used as demo accounts, but not as Islamic accounts.

To find out more about X Open Hub, read one of the articles below.

 

Good luck with your trading!

 

You might also like: X Open Hub Sign up Bonus

You might also like: X Open Hub Demo Account

You might also like: X Open Hub Fees and Spreads

You might also like: X Open Hub Minimum Deposit

 

FAQs

Trading Environment

How many instruments can I trade with X Open Hub?

You can trade the following instruments:

  • Forex
  • Indices
  • Commodities
  • Shares
  • ETFs, and
  • Cryptocurrencies

Which platforms are supported by X Open Hub?

XOH Trading Platform and MetaTrader 4 White Label.

Does X Open Hub offer leverage?

Yes. X Open Hub offers maximum leverage of 1:30.

What spreads can I expect with X Open Hub?

Spreads from as little as 0.0 pips.

Does X Open Hub charge commission?

Unsure. Commissions are not mentioned on the X Open Hub website. This broker caters to professional clients, so it is safe to assume that commissions will be tailored to the individual once they open a live account.

Are there additional charges on the Islamic account?

No. Due to the nature of its business, X Open Hub does not offer Muslim traders the option of converting an account to that of an Islamic Account.

Is X Open Hub regulated?

Yes. X Open Hub is regulated by the highly reputed FCA in the UK.

Is X Open Hub a recommended forex trading broker for experts and beginners?

Yes. No, X Open Hub is not recommended for beginners, only for experts and professional traders.

What is the overall rating out of 10 for X Open Hub?

6/10.

 

Accounts

What is the difference between a demo and a live trading account?

A Demo Account is a risk-free account that is funded by virtual money and allows traders to either practice trading, explore the broker’s offering, or test trading strategies in a mimicked live trading environment.

Does X Open Hub offer a demo account?

Yes.

For how long is the demo account valid?

The standard duration of a Demo Account is 30-days. Some brokers offer the demo account indefinitely if there is constant activity on the account. It is unsure whether this is the provision made by X Open Hub.

Does X Open Hub offer the option of an Islamic Account?

No. Due to the nature of its business, X Open Hub does not offer Muslim traders the option of converting an account to that of an Islamic Account.

Which live trading accounts does X Open Hub offer?

X Open Hub offers tailor-made accounts to the following clientele:

  • Bankers
  • Brokers
  • Start-ups

What are the available deposit currencies for a live trading account?

  • USD
  • GBP
  • EUR

 

Deposits and Withdrawals

What is the minimum deposit for X Open Hub?

Unsure, information is not specified on the website.

How do I make a deposit and withdrawal from X Open Hub?

You can only make use of Bank Wire Transfer.

Does X Open Hub charge withdrawal fees?

No.

How long does it take to make a withdrawal?

This will depend on the method through which withdrawals are made along with the process involved and generally it can take between one and several business days.

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

You might also like

FINEXO Review

Overall, FINEXO is fully regulated by top-tier regulators. It has a trust score of 60 out of 100 and is considered a low-risk trading partner.