FXOpen is a well-established broker since 2003. FXOpen has headquarters in Australia, Russian Federation, Saint Kitts and Nevis and United Kingdom. They are generally well-suited for FXOpen to provide their Forex/CFD trading services to global clients.

This broker has also been regulated by ASIC 412871 and FCA (UK) 579202.

Founded in 2005, the company is registered in Nevis as a company, but not regulated by the Financial Services Regulatory Commission. Instead, investors are protected by The Financial Commission, based in Hong Kong.

FXOpen is also a member of the Investor Compensation Fund, which protects client funds up to 20,000 EUR, which is on par with CySEC regulated entities.

The eWallet service is available at a New Zealand entity named XP Solutions Limited. Overall, FXOpen has a clean reputation for maintaining a safe and secure trading environment.


Company Information

Website
fxopen.com

Established
2003

Country
Australia, Russian Federation, Saint Kitts and Nevis and United Kingdom

Regulation
ASIC 412871
FCA (UK), 579202

Features

Bonus offers

Trading contests

PAMM accounts

Managed accounts

Affiliate program

Islamic accounts available

Vps

Account Information

Apart from the forex demo account, this broker offers Micro, ECN, Micro ECN (FXOpen AU), Standard ECN (FXOpen AU), VIP ECN (FXOpen AU), Crypto, STP, ECN (FXOpen UK) and STP (FXOpen UK). To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by FXOpen is up to 1:500. Meanwhile, you can open an account with a starting capital of $1

FXOpen offers 9 live accounts:

  • Micro: Minimum deposit requirements vary by account option, the lowest found with the Micro type at $1. With variable spreads, Micro offers mobile trading, automated trading, and a one-click trading experience. Tools like pending orders, trailing stop, Expert Advisors, hedging, and scalping capabilities are also available. The minimum transaction size is 0.001 lots.
  • ECN: The minimum deposit with an ECN account is $100 while the minimum stake size is 0.01 lots. ECN comes with smart features like trailing stop, pending orders, one-click trading, mobile trading, automated trading, OCO orders, browser-based platform, and trading with API. It also allows trading with Expert Advisors, hedging, as well as a scalping strategy. Not that it charges an overnight swap.
  • Micro ECN (FXOpen AU): There is a minimum deposit of $200 with variable spreads. The clients can enjoy a wide range of facilitates, such as Exper Advisors, one-click trading, mobile trading, automated trading, trailing stop, and pending orders. Hedging and scalping are permitted. Micro ECN charges swap on positions held overnight. The minimum transaction size is 0.01 lots.
  • Standard ECN (FXOpen AU): Standard ECN requires a minimum starting capital of $1000 while the minimum contract size is 0.01 lots. Clients can trade with variable spread. On a more positive note, this account houses several useful market tools including Expert Advisors, trailing stop, pending orders, one-click trading, mobile trading, and automated trading. Hedging and scalping are allowed but swaps are charged for holding positions open overnight.
  • VIP ECN (FXOpen AU): VIP ECN has a minimum deposit of $25000, 0.01 lots minimum order, and variable spread. Other resources available include trailing stop, pending orders, one-click trading, mobile trading, and automated trading. Additionally, hedging, scalping, and Expert Advisors are also allowed. The account does charge swap fees.
  • Crypto: Minimum deposits starting at $10 and position sizes from 0.01 lots. Crypto account provides mobile trading, one-click trading, automated trading, and advanced tools such as Expert Advisors, pending orders, and trailing stops. One of the benefits of this account is you are allowed to do scalping and hedging. Swap charges apply to positions held overnight.
  • STP: The minimum deposit for STP account is $10 and the minimum trade size is 0.01 lots. STP contains a range of innovative tools, such as trailing stop, pending orders, one-click trading, mobile trading, and automated trading. In addition, it allows scalping and hedging, but charges swap for positions held overnight.
  • ECN (FXOpen UK): The minimum deposit required is $300 and a minimum lot size of 0.01 with variable spread. You can enjoy advanced features including Expert Advisors, trailing stop, pending orders, one-click trading, mobile trading, and automated trading. Scalping and hedging are allowed.
  • STP (FXOpen UK): The minimum deposit for this kind of account is $300 and position sizes start from 0.01 lots. Along with variable spread, clients will be pleased by scalping and Expert Advisors' capabilities.

If you want to look for a more simple explanation regarding this broker's account type(s), take a loot at the following chart:


pin

Minimum Deposit

$1

pin

Maximum Leverage

1:500

pin

Spread

Variable

pin

Commission

$1.50


Minimum Deposit $1

Minimum Position 0.001 lot

Spread Variable

Scalping

Expert Advisors

Hedging

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Fees

FXOpen offers relatively low-cost trading. For STP account, the lowest identified spread was 1.1 pips. For the ECN alternative, the typical spread is as low as 0.1 pips with a commission of merely $1.50 per lot. The broker also charges an overnight open position fee and third-party withdrawal fees, which is fairly standard in the industry.

Instruments Traded

Besides lots of currency pair, FXOpen also offers some instruments you would like to trade on, such as Forex and Gold & silver for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

FXOpen traders have access to:

  • 50 currency pairs
  • 5 commodities
  • 39 cryptocurrencies
  • 535 US equity CFDs
  • 9 index CFDs

As for Micro account, FXOpen specifically provides it with the following instruments and leverage:


Forex

Forex
1:500

Gold & silver

Gold & silver
1:500


Minimum Deposit $100

Minimum Position 0.01 lot

Spread

Scalping

Expert Advisors

Hedging

Overnight interest rates (swaps)

Trailing stop

Pending orders

One-Cancels-Other (OCO) orders

One-click trading

Mobile trading

Browser-based platform

Trading via API

Automated trading

Fees

FXOpen offers relatively low-cost trading. For STP account, the lowest identified spread was 1.1 pips. For the ECN alternative, the typical spread is as low as 0.1 pips with a commission of merely $1.50 per lot. The broker also charges an overnight open position fee and third-party withdrawal fees, which is fairly standard in the industry.

Instruments Traded

Besides lots of currency pair, FXOpen also offers some instruments you would like to trade on, such as Forex, Gold & silver, CFD and Oil for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

FXOpen traders have access to:

  • 50 currency pairs
  • 5 commodities
  • 39 cryptocurrencies
  • 535 US equity CFDs
  • 9 index CFDs

As for ECN account, FXOpen specifically provides it with the following instruments and leverage:


Forex

Forex
1:500

Gold & silver

Gold & silver
1:500


Minimum Deposit $200

Minimum Position 0.01 lot

Spread Variable

Scalping

Expert Advisors

Hedging

Overnight interest rates (swaps)

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Fees

FXOpen offers relatively low-cost trading. For STP account, the lowest identified spread was 1.1 pips. For the ECN alternative, the typical spread is as low as 0.1 pips with a commission of merely $1.50 per lot. The broker also charges an overnight open position fee and third-party withdrawal fees, which is fairly standard in the industry.

Instruments Traded

Besides lots of currency pair, FXOpen also offers some instruments you would like to trade on, such as Forex and Gold & silver for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

FXOpen traders have access to:

  • 50 currency pairs
  • 5 commodities
  • 39 cryptocurrencies
  • 535 US equity CFDs
  • 9 index CFDs

As for Micro ECN (FXOpen AU) account, FXOpen specifically provides it with the following instruments and leverage:


Forex

Forex
1:500

Gold & silver

Gold & silver
1:100


Minimum Deposit $1000

Minimum Position 0.01 lot

Spread Variable

Scalping

Expert Advisors

Hedging

Overnight interest rates (swaps)

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Fees

FXOpen offers relatively low-cost trading. For STP account, the lowest identified spread was 1.1 pips. For the ECN alternative, the typical spread is as low as 0.1 pips with a commission of merely $1.50 per lot. The broker also charges an overnight open position fee and third-party withdrawal fees, which is fairly standard in the industry.

Instruments Traded

Besides lots of currency pair, FXOpen also offers some instruments you would like to trade on, such as Forex and Gold & silver for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

FXOpen traders have access to:

  • 50 currency pairs
  • 5 commodities
  • 39 cryptocurrencies
  • 535 US equity CFDs
  • 9 index CFDs

As for Standard ECN (FXOpen AU) account, FXOpen specifically provides it with the following instruments and leverage:


Forex

Forex
1:500

Gold & silver

Gold & silver
1:500


Minimum Deposit $25000

Minimum Position 0.01 lot

Spread Variable

Scalping

Expert Advisors

Hedging

Overnight interest rates (swaps)

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Fees

FXOpen offers relatively low-cost trading. For STP account, the lowest identified spread was 1.1 pips. For the ECN alternative, the typical spread is as low as 0.1 pips with a commission of merely $1.50 per lot. The broker also charges an overnight open position fee and third-party withdrawal fees, which is fairly standard in the industry.

Instruments Traded

Besides lots of currency pair, FXOpen also offers some instruments you would like to trade on, such as Forex and Gold & silver for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

FXOpen traders have access to:

  • 50 currency pairs
  • 5 commodities
  • 39 cryptocurrencies
  • 535 US equity CFDs
  • 9 index CFDs

As for VIP ECN (FXOpen AU) account, FXOpen specifically provides it with the following instruments and leverage:


Forex

Forex
1:500

Gold & silver

Gold & silver
1:500


Minimum Deposit $10

Minimum Position 0.01 lot

Spread

Scalping

Expert Advisors

Hedging

Overnight interest rates (swaps)

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Fees

FXOpen offers relatively low-cost trading. For STP account, the lowest identified spread was 1.1 pips. For the ECN alternative, the typical spread is as low as 0.1 pips with a commission of merely $1.50 per lot. The broker also charges an overnight open position fee and third-party withdrawal fees, which is fairly standard in the industry.

Instruments Traded

Besides lots of currency pair, FXOpen also offers some instruments you would like to trade on, such as Cryptocurrencies for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

FXOpen traders have access to:

  • 50 currency pairs
  • 5 commodities
  • 39 cryptocurrencies
  • 535 US equity CFDs
  • 9 index CFDs

As for Crypto account, FXOpen specifically provides it with the following instruments and leverage:


Cryptocurrencies

Cryptocurrencies
1:3


Minimum Deposit $10

Minimum Position 0.01 lot

Spread

Scalping

Expert Advisors

Hedging

Overnight interest rates (swaps)

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Fees

FXOpen offers relatively low-cost trading. For STP account, the lowest identified spread was 1.1 pips. For the ECN alternative, the typical spread is as low as 0.1 pips with a commission of merely $1.50 per lot. The broker also charges an overnight open position fee and third-party withdrawal fees, which is fairly standard in the industry.

Instruments Traded

Besides lots of currency pair, FXOpen also offers some instruments you would like to trade on, such as Forex and Gold & silver for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

FXOpen traders have access to:

  • 50 currency pairs
  • 5 commodities
  • 39 cryptocurrencies
  • 535 US equity CFDs
  • 9 index CFDs

As for STP account, FXOpen specifically provides it with the following instruments and leverage:


Forex

Forex
1:500

Gold & silver

Gold & silver
1:500


Minimum Deposit $300

Minimum Position 0.01 lot

Spread Variable

Scalping

Expert Advisors

Hedging

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Fees

FXOpen offers relatively low-cost trading. For STP account, the lowest identified spread was 1.1 pips. For the ECN alternative, the typical spread is as low as 0.1 pips with a commission of merely $1.50 per lot. The broker also charges an overnight open position fee and third-party withdrawal fees, which is fairly standard in the industry.

Instruments Traded

Besides lots of currency pair, FXOpen also offers some instruments you would like to trade on, such as Forex, Gold & silver and CFD for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

FXOpen traders have access to:

  • 50 currency pairs
  • 5 commodities
  • 39 cryptocurrencies
  • 535 US equity CFDs
  • 9 index CFDs

As for ECN (FXOpen UK) account, FXOpen specifically provides it with the following instruments and leverage:


Forex

Forex
1:100

Gold & silver

Gold & silver
1:100


Minimum Deposit $300

Minimum Position 0.01 lot

Spread Variable

Scalping

Expert Advisors

Fees

FXOpen offers relatively low-cost trading. For STP account, the lowest identified spread was 1.1 pips. For the ECN alternative, the typical spread is as low as 0.1 pips with a commission of merely $1.50 per lot. The broker also charges an overnight open position fee and third-party withdrawal fees, which is fairly standard in the industry.

Instruments Traded

Besides lots of currency pair, FXOpen also offers some instruments you would like to trade on, such as Forex and Gold & silver for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

FXOpen traders have access to:

  • 50 currency pairs
  • 5 commodities
  • 39 cryptocurrencies
  • 535 US equity CFDs
  • 9 index CFDs

As for STP (FXOpen UK) account, FXOpen specifically provides it with the following instruments and leverage:


Forex

Forex
1:500

Gold & silver

Gold & silver
1:500

Payment Methods

FXOpen provides a decent range of funding methods including bank wires, credit/debit cards, local bank transfers, AstroPay, Redeem Codes, WebMoney, Perfect Money, QIWI Wallet, Yandex Money, FasaPay, and AirTM. Minimum and maximum deposit and withdrawal amounts depend on the preferred payment processor, as do processing times and fees.

Bitcoin : As a payment method, Bitcoin is reliable for its low cost and quick process. Brokers have been integrating Bitcoin as one of their funding methods especially after the cryptocurrency's rise in popularity. Now, traders who have digital wallets can easily transfer their funds to and from their trading accounts.

CashU : If you live in the Middle East, CashU is one of the most popular online payment services there. CashU is a digital wallet that allows clients to pay or transfer money online instantly and offer users its own pre-paid MasterCard with no absolutely additional fees attached. Introduced in July 2002, CashU has targeted the Middle East and North African markets where it serves close to 2.3 million customers. This is the reason why many of the forex brokers that are expanding in the North African and Middle East market accept CashU as one of their payment methods.

FasaPay : Known as an e-payment for retail forex traders, FasaPay does not require a huge amount of fee, giving it a competitive edge among any other e-payments in the forex brokerage industry. Instant process is also featured as one of its advantages.

Neteller : Like PayPal, Neteller is one of the most popular online payment services today. Due to this popularity, nearly all forex brokers accept Neteller as a payment method for their clients' fund deposit and withdrawal. Although the Neteller system is available almost all over the world, it remains particularly popular in Europe.

QIWI : Qiwi is an e-wallet or electronic payment service provider from Rusia that is introduced in 2007. The service is mainly used by individuals and businesses in Russia, Ukraine, Kazakhstan, Moldova, Belarus, Romania, the US, and the UAE.

Skrill : Mostly, all forex brokers provide Skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use Skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a Skrill e-wallet account.

WebMoney : WebMoney is one of the major online wallet services which many people use to send money around the world. For this reason, there is a large number of forex brokers that accept WebMoney today. Like other online payment services today, WebMoney is supported by mobile applications to make transactions more efficient.

Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.

FXOpen also provides payment with Apple Pay, Bitcoin Cash, Credit/debit cards, DIXIPAY, Ethereum, IntellectMoney, Liqpay, Litecoin, Local bank transfer, Payza, RBK Money, Tether (USDT), UnionPay and Yandex.Money




Trading Platforms

Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.

Hereby, FXOpen offers you MetaTrader 4 (Limited with 30 days of inactivity), MetaTrader 5 (Limited with 30 days of inactivity) and TickTrader (Limited with 30 days of inactivity).

  • MT4: MT4 is ideal for both beginners and experts and offers a range of customizable features, including built-in indicators and graphical objects for technical analysis, many types of orders (market, limit, and stop), intuitive charting package, rich historical data, trading signals, and many more. MT4 is available for download on Windows PCs and can be accessed from the Platforms page on the broker’s website.

metatrader 4

  • MT5: MT5 platform designed with the professional trader in mind. The platform boasts more built-in indicators and graphical objects for technical analysis than the previous version, 21 timeframes to track price movements, multi-currency strategy tester, and also allowing netting and hedging strategy.

metatrader 5

  • TickTrader: TickTrader is a trading platform offering much of the same features as MetaTrader. Using one trading account, TickTrader ECN, the platform is suitable for both beginners and experts. A web-based version of TickTrader is also available so users can access the web terminal from FXOpen website.

ticktrader

 

Unique Features

FXOpen offers various supplementary trading features, designed for both beginners and experts:

  • FXOpen developed an ECN bridge for the MT4 trading platform in 2009.
  • Access to institutional liquidity.
  • The One-Click Trading and Level 2 plugin.
  • The broker performs well as they give free VPS service supports by automated trading solutions. However, only accounts with equity above $5,000 or trading volume that exceeds $10 million per month can apply for this service. Of course, other clients may apply but with a $30 monthly fee.

 

Research and Education

There are a number of useful research educational resources on the FXOpen blog:

  • The daily analytics consists of written content and charts.
  • Cryptocurrencies populate a dedicated section.
  • Educational articles are available under the Strategies category.
  • Live news streaming on the main website.

 

Bonus and Promotions

Traders have a $1 welcome bonus when they sign up for an account at FXOpen Micro and a $10 no deposit bonus for the STP account. A time-limited cashback program is equally available with a rather complex structure. The online broker also runs demo account competitions, ForexCup, with real cash awards are credited to trader accounts.

Customer Support

Do you have any question or find any trouble related to FXOpen? If you do, you should reach FXOpen's support to get the information that you need. Here is the detail of the broker's customer support:

FXOpen customer support is available 24/5 via live chat, phone call, or e-mail. Support tickets are answered Monday through Friday between 7:00 and 16:00. The Help Center is helpful and responsive when answering basic common questions.

Website Languages

Arabic
Chinese
English
Indonesian
Russian

Office
Support

Email
Support

Call
Support

Chat
Support

Extensive Review

FXOpen started its operation as an online trading provider for retail clients since 2005. The company was founded by a group of traders with a mission to provide services that refer to the interests of traders. FXOpen claimed to be one of the firsts to offer ECN trading via MetaTrader 4 (MT4). With FXOpen's unique proprietary price aggregating technology, their clients can benefit from the industry's most competitive spreads (from 0 pips) and low trading commissions.

In 2006, FXOpen also became the first broker to offer a micro account and a swap-free account. After that, they continue to be the pioneers of several new and high-tech services, including the first Crypto account that can provide trading facilities on 24 Cryptocurrency pairs such as Bitcoin, Litecoin, and Ethereum.

Furthermore, the company provides One Click Trading and Level 2 MT4 plug-ins, enabling traders to place trades with just one click of the mouse. Traders do not need to worry about trading security at FXOpen. They have registered in Nevis, the UK FCA, and ASIC Australia.

A variety of trading accounts are provided such as STP, Micro, ECN, and free unlimited demo accounts. The minimum deposit for each account depends on the account type; USD1 in Micro Account, USD10 in STP and Crypto Accounts, and USD100 in ECN Accounts. As for leverage, FXOpen offers up to 1:3 (for Crypto Accounts), and up to 1:500 (for Micro, STP, and ECN Accounts).

Besides, traders can enhance their trading capabilities with Myfxbook and Zulutrade automated trading systems. Both of these services allow anyone to copy the transactions of experienced traders. Thus, traders can replicate the results of professional traders' strategies.

The FXOpen PAMM Service allows copying trades from a Master account to one or more than one Follower account and automates the distribution of profits and losses. The Master operates personal capital through a PAMM account, and his trading strategy is replicated to the Follower's capital. The owner of the Follower account can view and analyze the performance of the PAMM account with the help of advanced analytics. There are 3 PAMM accounts in FXOpen, namely STP, ECN, and Crypto PAMM.

On ECN accounts, traders will get direct price quotes from leading liquidity providers, including Dresdner, SG Paris, Standard Chartered, Barclays Capital, Bank of America, CRNX, JP Morgan, Morgan Stanley, Deutsche Bank AG, RBS, CITI, and UBS. This is one of the reasons why FXOpen's ECN account has become a trader favorite.

After seeing the various advantages offered by FXOpen, traders can easily register an account, simply by filling out the form in the registration menu on the FXOpen website. Traders will be asked to verify documents in advance if the trader will make a deposit or withdrawal of funds. Based on traders' experience and information since FXOpen was founded, there have not been any major complaints about payments (depositing or withdrawing funds) from clients.

Once registered with the FXOpen broker, traders also have the opportunity to get other benefits. One example is the FXOpen cashback program for the first 90 days from registration as a new client. The minimum cashback is USD5 and the maximum is USD1,000.

Furthermore, free VPS is available for ECN, STP, and Crypto account holders. Traders can use FXOpen VPS without any fees for 1 month if they can maintain equity of USD5,000 at the end of the month or trade with a trading volume of USD10,000,000 per month. The advantages of VPS on FXOpen are excellent accessibility, flexibility, and speed.

Trading on FXOpen is made easier because traders can add insight into trading by entering contests. FXOpen Broker offers weekly and monthly trading contests on demo accounts through the ForexCup.com site. Traders can join competitions that are free of charge to hone their skills. If a trader wants a bigger challenge, there is also a trading contest on a real account.

The company also offers Forex partnership programs to traders, Forex brokers, and website owners who publish information about fiat and crypto-currency trading. There are 3 types of partnership levels, including Forex IB (Forex Agent) that attracts new clients to FXOpen using a referral (affiliate) link, Forex Rebate, and individual partnership conditions.

In Conclusion, FXOpen is a well-rounded forex brokerage for traders with a desire to try various trading instruments, a trading environment in ECN account, low minimum deposits, the best cryptocurrency trading condition, as well as interesting trading features like PAMM and demo contests.




FAQ About FXOpen


Is FXOpen a good broker?

A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if FXOpen is a good broker for you or not by reviewing the criteria. In general, FXOpen provides trading service in Forex , Gold & silver , CFD , Oil and Cryptocurrencies . As for the payment methods, you can choose between Apple Pay, Bitcoin, Bitcoin Cash, CashU, Credit/debit cards, DIXIPAY, Ethereum, FasaPay, IntellectMoney, Liqpay, Litecoin, Local bank transfer, Neteller, Payza, QIWI, RBK Money, Skrill, Tether (USDT), UnionPay, WebMoney, Wire transfer and Yandex.Money. The customer support is available via Callback, Email, Forum, Live chat and Skype.


What is the minimum deposit for FXOpen?

The starting capital in FXOpen is $1.


Is FXOpen regulated?

FXOpen is regulated by ASIC 412871 and FCA (UK) 579202. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.


Is FXOpen legit?

FXOpen is a brokerage company offering trading services for clients since 2003 with offices in Australia, Russian Federation, Saint Kitts and Nevis and United Kingdom.


Give Your Review and Rate This Broker


These aspects are optional but will determine your review's reliablity


32 Reviews

Treeth
This review is not supported by evidence

Aug 31 2021

Are you STP? What liquidity provider is there?

Paul
This review is not supported by evidence

Aug 24 2021

Can I trade with the same account Fxopen Uk and the existing one like AU ? Or do I need a separate account?

FXOpen Support

Aug 25 2021

Dear client,

To trade with our brands, FXOpen UK and AU you have to open a separate account. If you have more questions, please write them to our Support Services.

Regards, FXOpen team.

Niklees
This review is not supported by evidence

Jul 27 2021

Do you offer free contests?

FXOpen Support

Jul 29 2021

Niklees: Dear clients. All updated information and current happening can be seen at our forum, please follow the link

https://forum.fxopen.com/forums/282-Forex-contests

You can see their free contests happening and much other stuff happening in some native languages. Feel free to write there for efficient and faster response.

Regards, Fxopen team.

Julius Helge
This review is not supported by evidence

Jul 23 2020

So far I have never experienced significant obstacles during trading at a FXOpen broker. This year is my second year with FXopen. Thank you :)

Sammy
This review is not supported by evidence

Jul 23 2020

Great FXopen VPS service, so fast!

Katharina S
This review is not supported by evidence

Jul 23 2020

I find it very difficult to be able to find a trusted local broker. I feel very fortunate to be able to trade on FXopen. Now trading is not only profitable but also comfortable and enjoyable.

Danny Lim
This review is not supported by evidence

Jul 23 2020

So far I am satisfied with FXOpen's brokerage services, small spreads, and many trading account options. So you can adjust which one is suitable for your needs. Thanks

Wong Apho
This review is not supported by evidence

Jul 23 2020

Great! This is the broker I'm looking for. Okay for scalping

Jayadi Adhie
This review is not supported by evidence

Jul 23 2020

According to my opinion, FXOpen is a good broker. Unfortunately, in Indonesia is not as popular as those of outside brokers who expand here. Even though this is pretty good and the service is consistent

Adrien
This review is not supported by evidence

Jul 23 2020

I am really happy, yesterday I got the info that the deposit is now free of charge, so I'm getting more comfortable trading here. trading is also almost never requote

Gina Elliotte
This review is not supported by evidence

Jul 23 2020

In the beginning, I joined FXOPEN because there was a 10-dollar bonus, not bad for new ones trying to trade for free. I've ever gain some profit, but end up losing because of impatience,. cry. 

Dylan Faye
This review is not supported by evidence

Jul 23 2020

Actually, I am quite interested in the free vps offered... but the money requirements is quite expensive for a low-cost trader. I hope in the future FXOpen can be more generous. hhhh

Jerome Keane
This review is not supported by evidence

Jul 23 2020

I Rarely take part in trading contests, but if I follow FXOpen. I will continue to follow the competition because I still get bonus points even though I didn't win. HAHAHA. it's quite good

Ng Yuen Hat
This review is not supported by evidence

Jul 23 2020

Only trading on fxopen so far, already feels like home. The deposit process is quick. the wd process is also no problemo. Hopefully, it will still be maintained, if possible, there will be even more trading bonuses too, hehehehehe

Sierra Nevada
This review is not supported by evidence

Jul 23 2020

At first, looking at the trading contest page is so confusing, let alone directed to another page whose name is different. Trusted or not? So I tried, it turned out to be real, yesterday I was gaining some bonus during the race. bRAVO!

Yuelle Hargmoud
This review is not supported by evidence

Jul 23 2020

Account registration at FXOPEN is very complicated!!

I already scan my ID card,  just because there are a few spots, my verification isn't processed/rejected.

Sophia
This review is not supported by evidence

Jul 23 2020

FXopen is an international broker that I believe from the start of trading, the ECN account is quite compatible, there are no surprises or spike requotes.

K. Miller
This review is not supported by evidence

Jul 23 2020

I am already suitable in FXOpen because the requirements are not complicated and less drama. Hopefully, the performance will continue to be maintained. Go go FXOpen!.

Amad Yajeed
This review is not supported by evidence

Jul 23 2020

I know a lot of traders thanks to FXOpen in the forum, beside it, you are free to join the race too. quite useful, tenkyu

Miriam
This review is not supported by evidence

Jul 23 2020

Advisor Noobs
This review is not supported by evidence

Jul 23 2020

A minimum deposit of 1 USD really seems to make trading affordable. But if you really want to learn, try depositing 5-10 USD, brothers and sisters, if it's only 1 USD, just a moment, you will get the MC.

Amelie Booker
This review is not supported by evidence

Jul 23 2020

Customer service is very fast response and easy to contact. Not bad, my profit can be smoothly withdrawn for buying some snacks. Lol

Jeremy S
This review is not supported by evidence

Jul 23 2020

I enjoy trading on FXOpen because the cashback bonus is practical, bro, you don't need an email to request a bonus or everything! The fund automatically goes to the account.

Zachary Lw
This review is not supported by evidence

Jul 23 2020

It's really good to trade forex on a free swap account. When you want to trade until 2-3 days, don't worry about the swap interest

Shia Gevendru
This review is not supported by evidence

Jul 23 2020

the good thing about offshore regulation is that we really have big leverage.

Jamil
This review is not supported by evidence

Jul 23 2020

I have been trading with this broker so far, the execution on STP accounts is also fast, there are no requotes or spreads, everything is normal, I like this broker

Queen Trader
This review is not supported by evidence

Jul 23 2020

I have experience with this broker. At night, the spread widens, the ask price suddenly rises away from the bid ... (a few months ago I made a EURJPY transaction, the BID remained in place, the ASK rose high ...) Since then I never wanted to use a broker this again .....

Sergio Davos
This review is not supported by evidence

Jul 23 2020

We can register on the website directly, no need to come directly to the broker's office to open an account. Everything can be managed online. FXOpen is a good one for online withdrawal services. Many have proven

Yandhi Suwatri
This review is not supported by evidence

Jul 23 2020

I once opened an account, After the FXOpen office in the BCA tower closed it was hard to contact. 

Yanny
This review is not supported by evidence

Jul 23 2020

I think this broker deserves a value of 8, especially for quick and withdrawal services.