Introduction to X Open Hub Review
X Open Hub (XOH) is a liquidity and trading technology provider who has earned the trust of several brokers, since 2010, due to its high efficiency. This European firm is also authorized and regulated by the UK Financial Conduct Authority (FCA).
XOH provides liquidity on thousands of trading instruments, allowing banks and brokers to boost trading volumes, reduce costs. As well as diversify and expand the stream of income.
Spreads offered by this broker are relatively low, with conditions being quite helpful for retail brokers utilizing Straight-Through Processing (STP) or Electronic Communication Network (ECN) technology.
XOH has also developed its own multi-asset trading platform, the XOH Trader, which has MAM accounts, social trading, and binary options available.
The platform’s MAM capabilities enable clients to customize their offering without risking to lose the tools and features that make the XOH Trader an excellent trading platform.
Account Types
XOH’s account types are offered in the form of solutions. This broker has three types of solutions for organizations and notable companies, i.e., Forex Solutions for Banks, Solutions for Brokers, and the Forex White Label Program.
Forex Solutions for Banks
- This type of solution makes it possible for banks to further broaden their trading offering to clients. And eventually provide a better operating results using specific outsourcing approach.
- Banks can expand their market and instrument delivery at a fast rate with a fully integrated portfolio management. As well as reporting tools that would help increase profitability.
Solutions for Brokers
XOH has created a trading environment where third-party firms and developers will be able to set up an entirely different front-end trading system that’s based on its API.
- This solution offers excellent speed and quality execution, along with three execution types, complete security features, as well as zero hosting charges. Further protection can also be installed if necessary.
- Also, flexibility is made available on markups as well as markdowns on group-level influence charts and swaps. Clients are also provided with a fully-customizable settings, reporting tools, and no security group limits.
- XOH’s front-end offerings are diversified through its integrated systems, including IB and MAM.
Forex White Label Program
Clients of XOH have the option to join the Forex White Label Program. The firm offers practical opportunities for launching an IB or White Label business and generating more profit.
- The program enables participants convert their IB business or White Label into their own wholly branded and tailored brokerage, helping them produce additional income.
- Those who are interested, but are not an IB or White Label, can get started by using an express package which consists of a trading platform, an easy to use back-office software, and access to the highest level of liquidity available.
Trading Products
XOH provides institutional liquidity on more than 3,000 instruments including Forex, Indices, Commodities, Cryptocurrencies, Cash Indices, and Equity CFDs.
Forex
- XOH offers liquidity on over 50 spot forex instruments, along with advanced execution features and competitive turnover fees.
- Nominal value of a lot is 100,000
- Minimum size of one pip is 0.0001
- Available currency pairs include majors, crosses, and exotics.
Indices
- Clients can access liquidity on more than 20 global stock indices and benefit from the platform’s tight spreads on instruments such as Dow 30, FTSE 100, DAX, and more.
- Nominal value of a lot is up to 500 (Futures contract-level), 1,000 (Instrument-level), and 100 (Index level).
- Minimum size of one pip is 1
Commodities
- Liquidity is available for 21 commodities from sectors including energy, agriculture, as well as precious and industrial metals.
- Nominal value of a lot and the size of one pip varies, depending on the commodity instrument.
- Highly-traded commodities offered by XOH include gold, Brent crude oil, coffee, and many more.
Cryptocurrencies
- The firm provides liquidity on 25 cryptocurrencies including Bitcoin, Ethereum, Litecoin, Ripple, and Dash.
- XOH’s liquidity offer for cryptocurrencies starts from 5% margin.
- Nominal value of a lot is up to 10,000
- Minimum size of one pip is 0.0001
Cash Indices
- XOH offers 10 cash indices from across the US, Europe, and Asia.
- Nominal value of contract size is up to 50 (US and Asian instruments), 25 (European instruments), and 10 (UK instruments).
- Minimum size of one pip is 1
Equity CFDs
- Clients of XOH are granted access to liquidity on a vast range of equities around the world.
- Leverage up to 1:10
- Short sale available
- Number of shares per one lot are 1 for all instruments.
- Minimum lot size is 1 for all instruments.
- Margin ranges from 20% to 100%
X Open Hub Trading Conditions
Platform
- XOH managed to develop a multi-asset trading platform that is equipped with the MAM capability to improve tools and quality further. Innovative trading through the platform is possible through different execution types and comprehensive analysis.
- Its back office also features a full risk management system, which is combined with XOH’s liquidity and smart B-Book Executors.
Smart Executors
- XOH’s Smart Executors automatically handles even the smallest trades, while keeping quality execution with a No Dealing Desk (NDD) model.
- The Smart Executor also helps reduce dealers who must take control and stick to procedure, reducing operational costs as a result.
Charting
- XOH Trader enables access to several technical indicators such as Bears/Bulls power, Bollinger Bands, MACD, and much more. Moreover, the platform uses features like price correlation, which is not always available to other providers.
- The charting package also includes advanced charting tools, i.e., Andrew’s Pitchfork, Elliot Waves, and Fibonnaci.
Conclusion – Is X Open Hub good?
X Open Hub (XOH) is presented as a company operating with complete compliance of FCA regulations. The firm offers liquidity and trading technology solutions to clients, startup groups, and brokers.
Throughout its years in the trading industry, XOH has provided its services to more than hundreds of institutions in over 30 countries around the world. Its reseller program also provides agents, entrepreneurs, and corporate introducers a simpler way to grow their business further.
Furthermore, XOH has devoted its resources in technology to enable consistent low-latency execution. Its improved pricing offering is also ideal for retail brokers using STP and ECN models.
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Amazing brokers
the best broker I ever had. Customer service never fails to amaze me every time I call. All transactions are smooth including customer service.
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Poor broker signals
I got so many losses with this broker service. I am not so sure if it’s how it is or they are not good enough in analyzing the market movement.
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Customer service is unwilling to help
The broker services are good, the only thing I dislike about this broker in their customer service. They sounded unwilling to help.
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Frustrating rude customer service
Very frustrating customer service, they aren’t helpful at all and yet they are very rude.
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System issue
System errors are a known issue for this broker, whenever I call to raise the errors they would say there are system updates. I wonder if they are updating their systems daily…
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Very slow withdrawals
Very very slow withdrawal process. I am frustrated for the very long wait for their withdrawals.
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Ever changing trading policies and conditions
Trading conditions seem fine but on the actual trading their conditions along with policy changes.
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Signals are sometimes bad and sometimes good.
This review is based on what I have experience from this broker, Signals they are providing are sometimes good and sometimes bad.
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Not recommended
I won’t be recommending this broker to people who wish to trade forex. They do not have good broker signals and trading instruments are expensive yet not profitable.
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Good platform!
I very like this company, and love the customer support!
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Be careful, do not trade with this broker
Be careful not to trade with this broker. They will only show fake profits but will never let you withdraw money. I have traded with them got some winning trades but when I requested a withdrawal, the next day my money was gone. They said I lost everything.
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Nothing special about this broker
Nothing special about this broker service. They only have a few trading instruments to chose from and signals are not really profitable.
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Platform is malfunctioning
Their platform is always malfunctioning. I had so much trouble trading with thier software that has technical problems most of the time.
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Missing withdrawals
I would like to file a complaint against this broker regarding missing withdrawals. I have been waiting for thier resolution but up until these days, I still don’t have any update.
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Brokers are not skilled
Their knowledge and skills as a broker are not enough to help clients get winning trades.
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Not consistent in providing good signals
They are not consistent in providing good signals. Sometimes they are giving real good signals but most of the time they are giving poor ones resulting in losses.
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Hard to request for withdrawal
They have just taken our money but when try to withdraw they will say that we have to wait all the time.
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Poor customer services
Customer service is not answering phone calls most of the time, they don’t even reply to messages.
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They freeze all my money
Do not deal with them. They have freeze all the money on my account. I am not able to withdraw until now, they keep on saying some policy violations which I never did.
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Poor broker service
Poor broker services, signals are very weak. I got more losses than profits within a 6-month period of trading with this broker.
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I lost all my money
I started trading at the beginning of this year hoping to earn income for my family as what they say to convince me. However, I lost all my money.
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Not good at all
This broker company is not good at all. Poor broker signals and trading instruments are very expensive.
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Trading result is not good at all
Customer service is friendly and helpful. However, the trading result is not good at all.
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Frustrated with withdrawal process
I am frustrated with their withdrawal process. I never thought it is this hard, I asked for so many documents.
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Not a good idea to trade with this broker
It is not a good idea to trade with this broker. Withdrawals are very difficult and slow.
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Poor signals
I have lost my money, poor broker signals.
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Impossible to withdraw
Impossible to withdraw money, they will tell you so many policies. I am so frustrated, my money was frozen, I can’t withdraw.
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Not an ideal forex broker
Not an ideal forex broker. Customer service has a low rating for promptness.
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Do not deal with them
You will never be able to get your money or withdraw any profit, they will block it with so many excuses. Make sure not to deal with them.
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Do not deal with them
Not a good broker to deal with, they are very rude and arrogant. Do not deal with them.
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Poor trading results
I am expecting better from this broker. I got poor trading results instead.
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Outdated platform
Outdated trading app. I always encounter technical problems and some did not even resolve.
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Unreliable
Unreliable broker signals. I followed all the trading advice from them and all blows my trading account badly.
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Cheaters
I have a strong feeling that price change is manipulated. I tried trading with them but stop upon noticing some cheating techniques.
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Delays on deposits
There is a great delay on their deposit. I have deposited money a few days ago but still can’t see it on my trading account. If deposits have delays, I guess more so for withdrawals.
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Useless broker
The most useless forex broker I have ever encounter in the forex industry. Slow withdrawal process and poor broker performance overall.
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Stay away from them
Stay away from this broker. They are just collecting money from people and as if their trading isn’t real.
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Do not deal with this broker
Do not deal with this broker, they are not paying profit.
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Not a good broker
They hold profits and will require you to trade some more. Not a good brokerto trade with.
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Poor customer service
Poor customer service. They can’t even communicate well with clients.
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Worst experience
I would like to share my worst experience to warn all not to trade with this broker. They are eager to collect deposits but will never be eager to assist in withdrawals. They would even do their best to block withdrawals.
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Poor broker service
I do not recommend this broker service to anyone. Poor trading signals and slow withdrawal process.
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Poor customer service
Poor customer service. They do not even show their willingness to help.
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Poor broker performance
Poor broker performance. Signals are not profitable and the platform always has technical problems.
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Poor services
Poor broker services. They are very unresponsive and unhelpful.
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Problems on withdrawals
I always experience problems with withdrawals. I am not going to recommend this broker.
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