X Open Hub Account Types

X Open Hub 2 account types, the Standard account, and Demo account. X Open Hub Account Types vary according to what traders require.

X Open Hub at a glance

Overall Rating

• 3.0/5

Read Review

OPEN AN ACCOUNT

Min Deposit

USD 0

Regulators

FCA

Trading Platform

MT4, XOH Trading Platform

Crypto

Yes

Total Pairs

50+

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

Choose your quick section of our X Open Hub Account Types below.

X Open Hub Account Types – 7 key points quick overview:

1. ✔️X Open Hub Overview
2. ✔️X Open Hub Account Features
3. ✔️X Open Hub Demo Account
4. X Open Hub Islamic Account
5. X Open Hub Pros and Cons
6. Conclusion
7. Frequently Asked Questions

Here is an overview of the X Open Hub Account types as well as the treading features and benefits offered for each account.

X Open Hub Overview

Established in 2002, X Open Hub is a fin-tech company based in the United Kingdom and an online trading provider as well as a provider of multi-asset liquidity to both retail firms and financial institutions.

X Open Hub is heavily invested in the development of innovative and upcoming technology, allowing for the delivery of both low-latency execution. X Open Hub also offers low pricing and tight spreads that start from 0.0 pips, and investments in a variety of exotic markets.

With X Open Hub, traders are offered with the trade in more than 3,000 financial instruments which are spread across several asset classes, including:

➡️️​ Forex

➡️️​ Cryptocurrencies

➡️️​ Indices

➡️️​ Commodities

➡️️​ Shares

➡️️​ ETFs

These can be traded through the powerful, sophisticated XOH Trader or MetaTrader 4 White Label. Each of these platforms offers a variety of features, advanced charting systems, a range of technical indicators, and more. The XOH Trader offers a back office that includes a complete risk management system, and which is empowered with MAM capabilities, allowing clients to customise their offer.

X Open Hub Account Features

X Open Hub offers unique and comprehensive solutions and services to market players and participants such as banks, brokers, and start-ups, meaning that the broker has diversified its offerings especially and specifically for this type of clientele.

Banks and brokers are provided with several opportunities for expanded trading which extends to the offers that they provide their own clients or traders. This is achieved through the improvement of operational results as result of outsourcing strategy.

X Open Hub remains updated with the needs as well as the objectives and demands of clients so that the trading environment provided caters for third parties, helping with the development of new trading systems which are based on X Open Hub’s APIs.

The accounts which are offered by X Open HUB provide unique clients with flexibility on mark-ups associated with influence charts, swaps, and settings which are customisable according to the needs and/or demands of clients. X Open Hub also makes provision to ensure that there are no limitations on security groups and access to IB, MAM, multi-assets, flexible netting, and gross management, which is an added feature.

The spreads that X Open Hub offers are according to some of the best and most competitive pricing models, provided with the highest grade of interbank spreads. These spreads are specifically designed to meet the most demanding needs of X Open Hub’s clients.

Instead of offering fixed spreads, X Open Hub offers floating or variable spreads and the broker also offers tools that can be adjusted so that traders can get even better spreads. The advantage that traders are offered is that each investor, or institution, has solutions that are catered to their unique needs, objectives, and styles.

Traders and investors need to note that spreads are determined by the instrument that they trade and the market conditions on the day of trading.

X Open Hub Demo Account

X Open Hub, despite its unique offering, offers traders the option of a free demo account that can be used for a variety of purposes, including, but not limited to:

➡️️​ 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.

➡️️​ Traders who wish to test their trading strategies in a mimicked live trading environment without risking their capital.

The demo account registration is digitalized and takes only a few minutes to complete. Once traders are registered, they can use their login credentials on the trading platform designated for the demo account. Traders can download and install the trading platform on either of the following:

➡️️​ Desktop PCs that use Linux, Windows, or MacOS.

➡️️​ Mobile devices such as tablets and smartphones that run Android or iOS operating systems.

Alternatively, traders also have the option of using the demo account from the trading platform’s WebTrader which can be accessed from any web browser. Despite how traders decide to trade, or on which device, the demo account can be accessed across a variety of devices.

X Open Hub Islamic Account

The purpose of an Islamic Account is that it caters specifically for Muslim traders who follow Sharia law. The law prevents its followers from paying any type of 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 type of 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. X Open Hub does not offer Muslim traders with the option of converting their trading account into that of an Islamic Account.

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 prohibited by the Sharia Law.

Overall Rating

• 3.0/5

Read Review

OPEN AN ACCOUNT

Min Deposit

USD 0

Regulators

FCA

Trading Platform

MT4, XOH Trading Platform

Crypto

Yes

Total Pairs

50+

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

X Open Hub Pros and Cons

Conclusion

X Open Hub is a well-regulated and reputable broker that offers competitive trading conditions and a unique offering for banks, brokers, and start-ups.

You might also like: X Open Hub Review

You might also like: X Open Hub Demo Account – Step by Step

You might also like: X Open Hub Fees and Spreads

You might also like: X Open Hub Minimum Deposit

You might also like: X Open Hub Sign up Bonus

Frequently Asked Questions

Trading environments

How many instruments can I trade with X Open Hub?

You can trade the following instruments:

• Forex
• Cryptocurrencies
• Indices
• Commodities
• Shares
• ETFs

Which platforms are supported by X Open Hub?

• XOH Trading Platform.
• MetaTrader 4 White Label.

Does X Open Hub offer leverage?

Yes. As a UK-based broker regulated by FCA, X Open Hub only 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 for 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 live trading account?

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

Does X Open Hub offer a demo account?

Yes, a demo account is among the account types offered by X Open Hub

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?

There is no minimum deposit indicated for X Open Hub.

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

You can only make use of Bank Wire Transfer.

Does X Open Hub charge withdrawal fees?

No. However, traders may have to pay fees which are waived by their payment provider.

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 it can take between one and several business days.