X Open Hub Fees and Spreads

 

A X Open Hub fees and spreads Review

 

X Open Hub Fees and Spreads

 

X Open Hub fees spreads and commissions are not set by X Open Hub

 

X Open Hub has a low and incredibly competitive spread list that starts from 0 pips. Commissions and trading conditions are tailored specifically for each individual’s needs.

 

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

  • Bankers
  • Brokers
  • Start-ups

 

As a broker regulated and authorized by the FCA, traders who open an account with X Open Hub can expect leverage up to 1:30 due to restrictions imposed by regulatory entities as result of the risks involved in trading leveraged products.

There is no set minimum deposit, as these are not determined specifically by X Open Hub, but by the traders who open accounts with this broker. These trading institutions have their own deposit processes which can be accessed on the respective websites.

 

Other Fees

 

Traders should note that certain financial instruments can only be traded during a certain time of the day, especially when considering different time zones, and additional fees may be charged should they hold these positions after they have closed.

Traders should always note that Overnight fees, otherwise known as swap fees or rollover fees, may be charged for positions held open for longer than a day.

There is no indication of whether X Open Hub offers the option of an Islamic account to traders who are of Muslim faith and who operate under the Sharia Law.

X Open Hub does not offer traders with spread betting and therefore spread betting fees are not applicable to this broker.

 

Broker Fees

 

X Open Hub does not charge any deposit fees or withdrawal fees.

There is no indication of whether X Open Hub waives any additional broker fees such as inactivity fees or fees pertaining to account maintenance and management.

 

Pros and Cons

 

PROS CONS
1.      Comprehensive and competitive trading conditions tailored to professional traders 1.      Extraordinarily little to no information available on fees, spreads, and commissions
  2.      Broker does not cater for beginner traders

 

FAQ

 

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?

X Open Hub provides the following popular trading platforms:

  • XOH Trading Platform

 

Does X Open Hub offer leverage?

Yes.

Traders have access to leverage of up to 1:30.

 

What spreads can I expect with X Open Hub ?

Spreads from as little as 0.0.

 

Does X Open Hub charge commission?

Unsure.

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

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