FX Open Close Account

Adam Rosen - Lead financial writer

Updated 26-Apr-2024

FX Open Close Account

For whatever reason you may wish to close or delete your live FX Open trading account. FX Open is a multi-asset broker that was established in 2005 and is headquartered in New Zealand. FX Open offers trading in Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, Energies, Metals, to over 10,000 clients. There are a few ways to close and deactivate your live FX Open account including online, through email and even through the post. Closing your FX Open account will take around 3 to 10 days depending on your circumstances. There are a few things you will need to check before you close your FX Open acccount as once your FX Open account is fully deactivated, any trading research and available FX Open funds or any other data that remains needs to be in your possession. Once FX Open trading platform access is lost.

What are the steps to deactivating and closing my FX Open account?

  1. Once logged into FX Open, choose "delete" or "Close Account" from the FX Open drop-down menu that is located at the very bottom of the page on the FX Open. Once you have navigated to the FX Open settings page, select the option that allows you to delete your FX Open live trading account.
  2. A pop-up will inquire as to the motivation for your decision to close your FX Open account, and it will provide you one final opportunity to change your mind. A FX Open representitive may also contact you to confirm your FX Open account closure.

It is now possible to close your FX Open account within three days, provided that all of your FX Open positions have been closed and all available FX Open funds have been withdrawn.

Although there are thousands of people who use FX Open, at some point you may want to close your FX Open account. It only takes a few clicks of a button to delete your FX Open account if you decide you've had enough of the FX Open platform and no longer want to use it.

Before you close your FX Open account, double check that all open trades have been closed and that you have withdrawn the full amount of money from your available FX Open balance.

You can terminate your FX Open account via email

You can log in to your FX Open account using the email address that you provided during the FX Open registration process in order to terminate your FX Open account. Send an email to [email protected] requesting that your FX Open account be closed. The email should contain your FX Open account deactivation and closing request.

Your FX Open Account Can Be Closed Via Telephone

FX Open do not offer phone support, so you will have to find an alternative method to close your FX Open account.

To delete your FX Open account, go to https://www.fxopen.com and then follow the instructions that are provided on the FX Open website. If you have any questions or concerns about deleting your FX Open account.

Your FX Open Account Can Be Closed Via Post

You can send a letter to the FX Open head office in Level 3, 187 Queen Street, Cbd, Auckland, 1010 to request that your live FX Open account be closed. closing your FX Open account via post will take allot longer and you will want to know if FX Open recieved your FX Open account closing letter.

How Much Time Will It Take Before My FX Open Account Is Deleted?

FX Open requires three to ten business days to close your account, and their may be some associated fees when closing your FX Open acccount. FX Open accounts with available funded balance may take longer if you do not provide FX Open with a withdrawal method and verify your ID.

Is it possible to reactivate my FX Open account after it has been closed?

When an FX Open account is closed, it cannot be reopened under any circumstances; however, a new FX Open account can be created at any time by using a different username and email address. Your FX Open trading history and data will be wiped clean from any previous FX Open transactions that you have closed, as well as any active FX Open accounts you have had in the past.

Are Multiple FX Open Accounts Possible?

You are free to create as many FX Open accounts as you like. You will need to register with FX Open with the same name and documents as you did when you created your previous FX Open account in order to do this. You will, however, be required to create a new FX Open login name and email address for your new FX Open accounts.

What Are Some of the Reasons That People Want to Cancel Their FX Open Account?

The majority of newcomers struggle with fundamental issues such as risk management, which frequently results in significant financial losses with brokers like FX Open. People typically decide to close their trading account on FX Open because they no longer wish to participate in the FX Open platform's trading activities. Its possible you have trading accounts else where and you wish to close up FX Open or you are looking for an FX Open alternative.

Inactivity Fees for Your FX Open Account

It's possible that you have an FX Open account in which you haven't executed a live buy or sell order in a few months. If this is the case, your FX Open account may be marked and dormat and eventually locked.

Because FX Open does charge inactivity fees for FX Open dormant accounts, you should make sure to close any FX Open accounts you have with FX Open that you no longer intend to use.

Withdraw the remainder of your FX Open balance

You can take money out of your FX Open account whenever you like by using the FX Open trading platform or going to the website https://www.fxopen.com.

In order to accomplish this, you will need to take any remaining money out of your FX Open broker account, which is a process that is also known as final FX Open balance withdrawal.

There is a wide variety of withdrawal methods offered by brokers like FX Open, as well as differences in the amount and speed of withdrawal speeds depending on your chosen FX Open withdrawal method.

You are permitted to withdraw funds from your FX Open account up to the value of the available funds in your FX Open account at any given time. Because you are not required to keep any money in your FX Open account, you are free to withdraw the entirety of your FX Open balance whenever you see fit. Remember that any FX Open funds that you withdraw will be put back into the same account that they came from when you made the FX Open deposit. This is the most important thing to keep in mind.

It is possible that you will be required to provide an alternative method in order to withdraw money from FX Open if your details have changed since the time that you initially deposited the FX Open funds.

When you withdraw money from FX Open, the process is not instant; rather, it typically takes at least several business days for the money to reach you. FX Open withdrawal times differ depending on the selected payment method in your FX Open dashboard.

If all of the information associated with your FX Open account is accurate, the processing of your request to withdraw funds from your FX Open account may take up to one to ten business days. The amount of time it is estimated to take to receive payment from FX Open after a withdrawal has been processed varies entirely according to your chosen method of payment and is dependent on the 3rd party payment service provider supported by FX Open.

FX Open Account Deactivation Delays

Because there is a possibility of delays when withdrawing large sums of money from an FX Open account, we recommend getting in touch with your financial institution in advance. Additional FX Open waiting time may be incurred due to the placing of a security hold on large FX Open withdrawals. Please check with your financial institution before initiating a FX Open withdrawal because the processing times associated with each FX Open withdrawal method are unique.

While your FX Open account is 'Under Review', you will still be able to withdraw funds from it; however, you will need to have funds that are eligible for FX Open withdrawal in order to complete the withdrawal process. Once your FX Open withdrawal request has been processed by FX Open and the withdrawal process has been finished, you will be notified via email that the request has been fulfilled.

It is important that you understand that you can only withdraw FX Open money into accounts that are under your own name.

Withdrawal Fees Charged by FX Open

Because 3rd party fees for FX Open international bank transfers and wire transfers can be quite high, you should make it a habit to double check whether or not this is something that will be applicable to the FX Open closing transactions you conduct.

At FX Open, the withdrawal of funds for basic transactions is free of charge. You will be subject to an additional fee by your 3rd part FX Open withdrawal method for currency conversion if you choose to withdraw funds in a currency other than US dollars (USD). The prices of the FX Open withdrawal services may shift at any time in response to shifts in the market conditions.

The majority of withdrawal requests made to FX Open are processed free of charge through common withdrawal methods like Credit Cards, Bank Transfer, Neteller, Bitcoin, PerfectMoney, WebMoney, UnionPay, FasaPay, Payza, QIWI, SOFORT, Giropay, Debit cards, .

How to Uninstall the FX Open App on Your iOS or Android Device

On your iOS or Android device when the app list window displays, touch and hold the FX Open app icon until it appears, and then pick the option to Remove App from the menu. After opening the app drawer, which is where all of your apps including FX Open are kept, you may move them to the Uninstall area (on Android) on the left side of the screen by dragging and dropping them there. From that screen, select the Delete FX Open App option to confirm that you wish to remove the FX Open application from your phone. Tap the minus sign or the X to delete FX Open applications, which is the quickest and easiest method to remove FX Open applications from your device.

FX Open should be removed from your computer if no longer needed

If you have downloaded FX Open to your PC or Mac computer you can uninstall any FX Open software and remove FX Open from your web browser.

What You Need To Do To Cancel A Request To Close Your FX Open Account

You can get in touch with FX Open customer support via e-mail, the phone, or live chat if available if you don't feel like closing your FX Open account. As long as your FX Open close account status is 'Under Review' or 'In Progress', you may cancel your FX Open account closure request by contacting FX Open customer support.

How Does The FX Open Account Compare Against Other Brokers?

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    ⚑ FX Open is Regulated by: Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC)

    πŸ’΅ What You Can Trade with FX Open: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, Energies, Metals,
    πŸ’΅ Instruments Available with FX Open: 100

    πŸ“ˆ FX Open Inactivity Fees: Yes
    πŸ’° FX Open Withdrawal Fees: Yes
    πŸ’° FX Open Payment Methods: Credit Cards, Bank Transfer, Neteller, Bitcoin, PerfectMoney, WebMoney, UnionPay, FasaPay, Payza, QIWI, SOFORT, Giropay, Debit cards,
    πŸ’° FX Open Account Base Currencies: USD, GBP, EUR, CHF, JPY, SGD, AUD, BTC, ETH, LTH, RUB, XAU

    FX Open Risk warning : Your capital is at risk

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    πŸ’° IC Markets Withdrawal Fees: No
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    IC Markets Risk warning : Losses can exceed deposits

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    πŸ“ˆ AvaTrade Inactivity Fees: No
    πŸ’° AvaTrade Withdrawal Fees: No
    πŸ’° AvaTrade Payment Methods: Credit cards, VISA, MasterCard, Bank Transfer, Electronic wallets (eWallets), PayPal, Neteller, WebMoney, Payoneer,
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    πŸ’΅ What You Can Trade with FP Markets: Forex, Minors, Majors, Exotics, Indices, Metals,
    πŸ’΅ Instruments Available with FP Markets: 100

    πŸ“ˆ FP Markets Inactivity Fees: No
    πŸ’° FP Markets Withdrawal Fees: No
    πŸ’° FP Markets Payment Methods: Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, BPAY, POLi, PayPal, Neteller, Skrill, PayTrust, NganLuong VN, Fasapay, Broker to Broker, OnlinePay China, Directa24, Klarna, PayTrust88, Payoneer,
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    FP Markets Risk warning : Losses can exceed deposits

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    πŸ’΅ Instruments Available with easyMarkets: 200

    πŸ“ˆ easyMarkets Inactivity Fees: No
    πŸ’° easyMarkets Withdrawal Fees: No
    πŸ’° easyMarkets Payment Methods: Credit cards, MasterCard, Maestro, American Express, JCB, Astropay, Debit cards, Bank Transfer, SOFORT, GiroPay, iDeal, Bpay, Electronic wallets (eWallets), Skrill, Neteller, WebMoney, UnionPay, WeChatPay, FasaPay, STICPAY,
    πŸ’° easyMarkets Account Base Currencies: USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, CNY, CZK, HKD, ILS, MXN, NOK, NZD, PLN, SEK, TRY, ZAR

    easyMarkets Risk warning : Your capital is at risk


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