Fxopen is pleased to announce a new free, instant and secure deposit and withdrawal option. We cooperate with truelayer, a provider approved by FCA, to provide our traders with additional deposit methods, making it easier for fxopen to withdraw funds and funds.

Benefits to traders:

• fast and easy – no need to manually enter card information or account details.

• instant deposit and withdrawal. Withdrawals need to be manually checked and approved. Once approved, withdrawals will be immediate.

• highly secure and enhanced fraud protection – use a secure read-only connection to verify payments directly to the customer's Bank and never store or share login credentials with anyone.

Learn about instant bank payments

Instant bank payment is a new payment method, which is supported by open banks. It involves transferring funds from one bank account to another without using cards or third-party payment networks. It is easier than traditional bank transfer and safer than card payment.

What is open bank?

Open bank became British law in 2018. It requires banks to access customers' financial data with their consent. Its goal is to increase transparency and control over funds. It enables people to securely connect to their bank and authorize instant bank transfers to their accounts instead of using cards or third-party providers.

How secure is instant bank transfer?

Instant bank transfer is very safe. The payment uses a secure read-only connection to authenticate directly with the customer's Bank. Login credentials are never stored or shared.