FXOpen: Founded in 2003 as an educational centre of technical analysis, FXOpen is a New Zealand-based retail FX broker offering online trading services via the MT4 platform. It provides access to the Electronic Communication Network (ECN) to execute trades in currencies and precious metals. The company has international offices in Australia, United Kingdom and Russia, forming part of FXOpen Group. It is represented worldwide but is mostly present in Europe and Asia. Liquidity for trades can be obtained from other traders, brokers, financial institutions or even FXOpen itself. ECN models do not have large liquidity pools and clients are often unaware of where their trade liquidity is coming from or the depth of the market price. This is how FXOpen can offer such low spreads and commission structures.