X Open Hub is a regulated London based fin-tech company with a technology center in Warsaw, Poland. We provide multi-asset liquidity and cutting-edge trading technology while maintaining a fully open environment. X Open Hub is a global company with over twelve years’ experience in providing world-class trading technology for banks, brokers and startups.
X Open Hub Information
X Open Hub is distinguished by its competitive fee structure, offering no volume commission on OTC instruments and maintaining a low spread from 0.002, making it an affordable choice for traders.
The platform provides a user-friendly trading experience through its XOH Trading Platform, suitable for both beginners and experienced traders.
However, despite these strengths, it holds a moderate three-star rating on WikiStocks, suggesting there will be areas within service or features that could benefit from improvements.
Pros & Cons
Pros:
X Open Hub is regulated by the FCA, ensuring high standards of safety and operational integrity. It offers a diverse range of trading securities, including stocks, forex, and more, meeting various investor interests. Additionally, the platform is notable for its low commission rates starting from $0, and the absence of volume commissions on OTC instruments. It also provides competitive spreads as low as 0.002 and interests on uninvested cash at a rate of 3.28%, enhancing its appeal for cost-conscious traders.
Cons:
Despite these advantages, X Open Hub lacks a mobile app, which could limit accessibility and convenience for traders who prefer mobile-based trading. The fee structure beyond the low commissions is uncertain, with potential additional costs like trading levies not clearly outlined, which could lead to unexpected expenses for users. These drawbacks could affect the overall user experience and satisfaction.
Is X Open Hub Safe？
Regulations:
X Open Hub is regulated by the UK Financial Conduct Authority (FCA), one of the most respected financial regulatory bodies globally. Its FCA license number 522157 ensures compliance with stringent standards for financial operations and client security, fostering a trustworthy trading environment. Additionally, X Open Hub's regulatory framework is further supported by adherence to regulations from multiple international bodies, including KNF, CySec, IFSC, DFSA, and FSCA, demonstrating a commitment to high regulatory standards across different regions.
Funds Safety:
The safety of client funds at X Open Hub is a paramount concern. As an FCA-regulated entity, X Open Hub adheres to rigorous standards, which likely include the segregation of client funds from company funds, ensuring that client investments are protected in the event of the company's insolvency.
Furthermore, the firm emphasizes institutional protection, ensuring that all partner dealings are backed by a strong regulatory framework, thus offering an additional layer of security for the funds.
Safety Measures:
X Open Hub employs state-of-the-art security technologies to safeguard transaction and personal data integrity. This includes using encryption technologies to secure data storage and transmission, thereby protecting against unauthorized access and data breaches.
Clients‘ accounts are safeguarded with unique usernames and passwords, and the company applies additional safety measures such as detailed personal data protection policies and stringent operational procedures to prevent the leakage of user information. Moreover, X Open Hub’s proprietary xAPI is optimized to provide the lowest latency and highest throughput, ensuring that both data and trading operations are handled swiftly and securely.
What are securities to trade with X Open Hub？
X Open Hub offers a range of securities for trading, meeting diverse investment strategies and preferences. The platform provides deep institutional liquidity on over 5,000 global instruments, ensuring broad market access and the ability to execute large orders with minimal slippage.
Forex: Traders can access major, minor, and exotic currency pairs, including popular options like EUR/USD. The platform promises ultra-low spreads and high-speed execution, making it ideal for both high-volume traders and those new to forex markets.
Indices: X Open Hub users can trade on major global indices, which include benchmarks from the U.S., Europe, and Asia. Instruments like DE30 and US30 are available, providing opportunities for traders to engage with market trends in various economies.
Commodities: The platform offers trading in essential commodities markets, including precious metals like gold and energy commodities such as Brent oil. These instruments are vital for traders looking to diversify or hedge against other portfolio risks.
Cryptocurrencies: Reflecting the growing demand for digital assets, X Open Hub provides liquidity for trading in major cryptocurrencies such as Bitcoin. This inclusion allows traders to speculate on or hedge against cryptocurrency market movements.
Shares and ETFs: Traders have access to a wide range of shares and exchange-traded funds (ETFs), enabling participation in the equity markets without directly purchasing stocks. Instruments like shares of Adidas AG and various ETFs are available, accommodating different investment scales and strategies.
X Open Hub Fee Review
X Open Hub offers a competitive and attractive fee structure designed to meet various trading needs, especially beneficial for brokers and banks looking to optimize their trading costs:
- $0 Volume Commission on OTC Instruments: X Open Hub does not charge any volume-based commission on over-the-counter (OTC) trading instruments. This can significantly reduce trading costs for active traders and institutions.
- Ultra-low Spreads: The platform boasts some of the lowest effective spreads in the industry, enhancing trading efficiency and reducing the cost of trading. For example, the spread on EUR/USD is extremely low at just 0.0000143.
- No Minimum Deposit Requirement: There is no minimum deposit required to start trading with X Open Hub, which makes it accessible for all types of traders, regardless of their investment size.
X Open Hub Trading Platform Review
Video:https://www.youtube.com/watch？v=GsmtThtO3os&list=TLGGvmdBLfG0AGgyNDA2MjAyNA&t=4s
X Open Hub offers a sophisticated and customizable trading platform tailored to meet the diverse needs of brokers and their clients. Here are the details of the trading platform offerings:
XOH Trading Platform:
- Type: White-label platform.
- Technology: Utilizes modern HTML5 technology, ensuring high performance, reliability, and speed across all web browsers.
- Customization: Offers a fully customizable interface, allowing brokers to tailor the platform to their brand and client needs.
- Features: Equipped with advanced charting tools, built-in economic news, heat maps, market sentiment analysis, and more.
- Security: Ensures robust security measures to protect user data and trading activities.
- Regulation: Operates under a strong regulatory framework, ensuring compliance with industry standards.
XOH Mobile App:
- Functionality: Provides account management capabilities, real-time financial trading tools, and access to essential trading information.
- Design: Features a modern design and easy user experience, optimized for both battery and data efficiency.
- Tools: Includes top movers, a news calendar, advanced charts, and full trade management features.
- Security: Incorporates secure protocols and auto-login features to safeguard user information and trading activities.
Complete Outsourcing Solution
- Infrastructure: Cloud-based infrastructure collocated with major banks and liquidity providers, offering sub-millisecond precision in trade execution.
- Integration: X Open Hub handles almost all integration responsibilities, allowing brokers to focus on customizing the service offering from the backend without the need for server-side software or hardware installations.
Research & Education
X Open Hub offers a robust research and education platform designed to attract traders and professionals at various levels of expertise. This educational resource is structured to provide both foundational and advanced knowledge within the finance and trading industry. Heres a detailed overview of the research and education features offered:
Knowledge Base:
- Beginner Category: This section is tailored for newcomers to the financial markets and covers basic topics to help users understand fundamental concepts in finance and trading. It serves as an introductory resource to enhance financial literacy and provide a solid grounding in less complex topics of the finance industry.
- Advanced Category: Aimed at more experienced users, this category delves into complex and in-depth topics related to institutional trading. It offers detailed insights into advanced financial theories, practices, and strategies. This section is ideal for professionals looking to deepen their understanding and refine their expertise in specific areas of the financial world.
Popular Topics:
- Embedded Finance Trend: Discusses the integration of financial services within other environments and platforms, providing users with an understanding of current industry trends and how they can leverage these for enhanced service offerings.
- Forex Turnkey Solutions: Explores innovative products and solutions offered by forex brokers, focusing on competitive strategies and the development of new trading platforms.
- Liquidity Providers and‘HFT’Order Flow: Explains how computer technology and high-frequency trading (HFT) have transformed the trading landscape, particularly in how large volumes of assets are traded.
- Role of a Liquidity Provider: Provides insights into the functions and importance of liquidity providers in the financial markets, defining their role as market makers.
Additional Resources:
- Blog: Regular updates and articles that cover a broad spectrum of topics, from market trends to detailed analyses of specific trading instruments.
- xAPI Documentation and Testing Environment: Technical resources that allow developers and technical staff of financial institutions to integrate and test trading solutions effectively.
- Client and Partner Resources: Dedicated sections for clients and partners that offer specialized knowledge and support, enhancing their capability to utilize X Open Hubs services effectively.
Customer Service
X Open Hub offers customer support to address the needs of its users effectively. The support services are available through multiple channels, ensuring accessibility and convenience for clients worldwide.
Users can contact the support team via Skype at xohsupport, by email at support@xhub.pro, or through phone at +44 (0) 20 3695 3089.
These options provide direct and personalized assistance, attracting both general inquiries and more specific technical support needs.
Additionally, the headquarters of X Open Hub is located in London, with a technology center in Warsaw, offering further support and infrastructure to ensure client issues are resolved promptly and efficiently.
Conclusion
X Open Hub stands out as a dynamic and innovative trading platform provider, offering cutting-edge technology solutions tailored for the financial trading industry.
With its range of trading securities, advanced trading platforms, and robust educational resources, X Open Hub attract both novice traders and experienced professionals.
The companys commitment to high standards of customer support, combined with strong regulatory oversight from the FCA, positions it as a reliable and competitive choice in the crowded financial services market.
FAQs
What trading platforms does X Open Hub offer？
X Open Hub provides the XOH Trader and XOH Mobile platforms, featuring advanced tools, customizable interfaces, and high performance for all types of traders.
How can I contact X Open Hub customer support？
Customer support can be reached via Skype at xohsupport, email at support@xhub.pro, or phone at +44 (0) 20 3695 3089.
Is X Open Hub regulated？
Yes, X Open Hub is regulated by the UK Financial Conduct Authority (FCA), ensuring compliance with high regulatory standards and offering enhanced security for traders.
Risk Warning
The information provided is based on WikiStock's expert evaluation of the brokerage's website data and is subject to change. Besides, online trading entails substantial risks, potentially leading to total loss of invested funds, so comprehending associated risks before engaging is crucial.
