FXOpen Review
💲 Min Deposit $1
⌛ Year Established 2003
💼 Regulation
💡 Min Position 0.01 lot
🌐 Website fxopen.com
🌎 Country
⚖ Max Leverage 1:500
💰 Bonuses
👨💻 PAMM
🏆 Trading contests
📁 Segregated accounts
🗺 Vps
Pros
- Auto-trading availability
- Supports multiple base currencies
- Free Virtual Private Server (VPS)
- Multiple account types available
- Deposits with cryptocurrencies
- Tight forex spreads
Cons
- Not available to traders in the US
- No fixed spread accounts
- Limited educational materials
FXOpen is a well-established broker since 2003. FXOpen has headquarters in United Kingdom, Australia, China, European area, Hong Kong, India, Indonesia, Spain, Thailand, Turkey, United Arab Emirates and Cyprus. FXOpen to provide their Forex/CFD trading services to over 4 million clients.
This broker has also been regulated by FCA 579202, ASIC 412871, The Financial Commission 01.09.2013 and CySEC 194/13.
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. Overall, FXOpen has a clean reputation for maintaining a safe and secure trading environment.
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.
Account Information
Apart from the forex demo account, this broker offers Micro (FXOpen INT), ECN (FXOpen INT), ECN (FXOpen AU), STP (FXOpen AU), PRO ECN (FXOpen UK, FXOpen EU), Crypto (FXOpen INT), STP (FXOpen INT), ECN (FXOpen UK, FXOpen EU), STP (FXOpen UK, FXOpen EU), PRO STP (FXOpen UK and FXOpen EU). 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.
Min Deposit
$1
Max Leverage
1:500
Spread
Variable
Commission
$0.10
If you want to look for a more simple explanation regarding this broker's account type(s), take a look at the following chart:
💲 Min Deposit $1
💡 Min Position 0.01 lot
🔢 Spread Variable
📉 Scalping
🤖 Expert Advisors
💱 Hedging
🕛 Overnight interest rates (swaps)
⏱ Trailing stop
⏳ Pending orders
1️⃣ One-click trading
⚡ Automated trading
💸 Commission
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 (FXOpen INT) account, FXOpen specifically provides it with the following instruments and leverage:
Forex
1:500
Gold & silver
1:500
💲 Min Deposit $100
💡 Min Position 0.01 lot
🔢 Spread Variable
📉 Scalping
🤖 Expert Advisors
💱 Hedging
🕛 Overnight interest rates (swaps)
⏱ Trailing stop
⏳ Pending orders
One-Cancels-Other (OCO) orders
1️⃣ One-click trading
⚡ Automated trading
💸 Commission $1.50
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, Oil, Stocks, Indexes and Energies 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 INT) account, FXOpen specifically provides it with the following instruments and leverage:
💲 Min Deposit $200
💡 Min Position 0.01 lot
🔢 Spread Variable
📉 Scalping
🤖 Expert Advisors
💱 Hedging
🕛 Overnight interest rates (swaps)
⏱ Trailing stop
⏳ Pending orders
One-Cancels-Other (OCO) orders
1️⃣ One-click trading
⚡ Automated trading
💸 Commission $1.50
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, Oil, Stocks, Indexes and Energies 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 AU) account, FXOpen specifically provides it with the following instruments and leverage:
💲 Min Deposit $10
💡 Min Position 0.01 lot
🔢 Spread Variable
📉 Scalping
🤖 Expert Advisors
💱 Hedging
🕛 Overnight interest rates (swaps)
⏱ Trailing stop
⏳ Pending orders
1️⃣ One-click trading
⚡ Automated trading
💸 Commission
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 AU) account, FXOpen specifically provides it with the following instruments and leverage:
Forex
1:30
Gold & silver
1:20
💲 Min Deposit $3000
💡 Min Position 0.01 lot
🔢 Spread Variable
📉 Scalping
🤖 Expert Advisors
💱 Hedging
🕛 Overnight interest rates (swaps)
⏱ Trailing stop
⏳ Pending orders
1️⃣ One-click trading
⚡ Automated trading
💸 Commission $1.50
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, Oil, Stocks, Indexes, Energies and Crypto 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 PRO ECN (FXOpen UK, FXOpen EU) account, FXOpen specifically provides it with the following instruments and leverage:
Forex
1:500
Gold & silver
1:500
Indexes
1:100
Energies
1:25
Crypto
1:3
💲 Min Deposit $10
💡 Min Position 0.01 lot
🔢 Spread
📉 Scalping
🤖 Expert Advisors
💱 Hedging
🕛 Overnight interest rates (swaps)
⏱ Trailing stop
⏳ Pending orders
1️⃣ One-click trading
⚡ Automated trading
💸 Commission $0.10
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 Crypto 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 (FXOpen INT) account, FXOpen specifically provides it with the following instruments and leverage:
Crypto
1:3
💲 Min Deposit $10
💡 Min Position 0.01 lot
🔢 Spread Variable
📉 Scalping
🤖 Expert Advisors
💱 Hedging
🕛 Overnight interest rates (swaps)
⏱ Trailing stop
⏳ Pending orders
1️⃣ One-click trading
⚡ Automated trading
💸 Commission
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 INT) account, FXOpen specifically provides it with the following instruments and leverage:
Forex
1:500
Gold & silver
1:500
💲 Min Deposit $300
💡 Min Position 0.01 lot
🔢 Spread Variable
📉 Scalping
🤖 Expert Advisors
💱 Hedging
🕛 Overnight interest rates (swaps)
⏱ Trailing stop
⏳ Pending orders
1️⃣ One-click trading
⚡ Automated trading
💸 Commission $1.50
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, Oil, Stocks, Indexes, Energies and Crypto 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, FXOpen EU) account, FXOpen specifically provides it with the following instruments and leverage:
💲 Min Deposit $300
💡 Min Position 0.01 lot
🔢 Spread Variable
📉 Scalping
🤖 Expert Advisors
💱 Hedging
🕛 Overnight interest rates (swaps)
⏱ Trailing stop
⏳ Pending orders
1️⃣ One-click trading
⚡ Automated trading
💸 Commission
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, FXOpen EU) account, FXOpen specifically provides it with the following instruments and leverage:
Forex
1:30
Gold & silver
1:20
💲 Min Deposit $3000
💡 Min Position 0.01 lot
🔢 Spread Variable
📉 Scalping
🤖 Expert Advisors
💱 Hedging
🕛 Overnight interest rates (swaps)
⏱ Trailing stop
⏳ Pending orders
1️⃣ One-click trading
⚡ Automated trading
💸 Commission
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 PRO STP (FXOpen UK, FXOpen EU) account, FXOpen specifically provides it with the following instruments and leverage:
Forex
1:500
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.
Deposit
| Accepted Currencies | Commission & Fees | Minimum Amount | Maximum Amount | |
|---|---|---|---|---|
| Discover / JCB / MasterCard | EUR / USD | 7% + 0.15 EUR / 7% + 0.15 USD | 5 EUR / USD | 1,000 EUR / USD |
| WebMoney | EUR / USD | 4% | 1 EUR / USD | 1,000,000 EUR / USD |
| FasaPay | USD / IDR | Free | 0.01 USD / 10,000 IDR | 75,000 USD / 700,000,000 IDR |
| Advcash | EUR / GBP / USD | 0.5% | 3 EUR / GBP / USD | 1,000,000 EUR / GBP / USD |
| Bitcoin | BTC | 0.0003 BTC | 0.001 BTC | 1,000,000 BTC |
| BitcoinCash | BCH | Free | 0.001 BCH | 10,000,000 BCH |
| Litecoin | LTC | Free | 0.01 LTC | 1,000,000 LTC |
| Ethereum | UST / ETH | 5 UST / 0.001 ETH | 5 UST / 0.01 ETH | 1,000,000 UST / ETH |
| Tether | UST / USDT | 5 UST / 5 USDT | 5 UST / USDT | 1,000,000 UST / USDT |
Withdrawals
| Accepted Currencies | Commission & Fees | Minimum Amount | Maximum Amount | |
|---|---|---|---|---|
| SorexPay (Credit/Debit Cards) | USD / EUR | 3.5% + 3.5 USD / 3.5% + 3.5 EUR | 10 USD / EUR | 2,000 USD / EUR |
| Paypaid | THB | 2% | 10 THB | 10,000,000 THB |
| WebMoney | USD | 0.8% | 1.01 USD | 1,000,000 USD |
| FasaPay | USD / IDR | 0.5% | 1 USD / 10,000 IDR | 25,000 USD / 250,000,000 IDR |
| Advcash | USD / EUR | 0.5% | 1 USD / EUR | 1,000,000 USD / EUR |
| Bitcoin | BTC | 0.001 BTC | 0.001 BTC | 1,000,000 BTC |
| BitcoinCash | BCH | 0.0005 BCH | 0.001 BCH | 10,000,000 BCH |
| Litecoin | LTC | 0.005 LTC | 0.01 LTC | 1,000,000 LTC |
| Emercoin | EMC | 0.1 EMC | 0.2 EMC | 10,000,000 EMC |
| Ethereum | ETH / UST | 0.005 ETH / 15 UST | 0.01 ETH / 30 UST | 1,000,000 ETH / UST |
| Tether | USDT / UST | 15 USDT / 15 UST | 30 USDT / UST | 1,000,000 USDT / UST |
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.
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.
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.
FXOpen also provides payment with Tether (USDT), Litecoin, Ethereum, Crypto Cash, Crypto, Credit/debit cards and AdvCash
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), MetaTrader 5 (Limited with 30 days), TickTrader (Limited with 30 days) and TradingView.
- 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.
- 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.
- 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.
Here is the comparison of trading platforms in FXOpen:
| MT4 | MT5 | TickTrader | |
| Gross Accounts | ✔️ | ✔️ | ✔️ |
| Net Accounts | ❌ | ✔️ | ✔️ |
| Depth of Market | Using OCTL2* | ✔️ | ✔️ |
| Technical Analysis | ✔️ | ✔️ | ✔️ |
| Time and Sales | ✔️ | ✔️ | ✔️ |
| Back-testing | ✔️ | ✔️ | coming soon |
| Alerts | ✔️ | ✔️ | ✔️ |
| Trading Signals | ✔️ | ✔️ | coming coon |
| Automated Trading (EA) | ✔️ | ✔️ | ✔️ |
| Trade directly from charts | ✔️ | ✔️ | ✔️ |
| Integrated economic calendar | ❌ | ✔️ | ✔️ |
| Intuitive charting package | ✔️ | ✔️ | ✔️ |
| API (FIX, REST, WebSockets) | ❌ | ✔️ | ✔️ |
| Market | ✔️ | ✔️ | ✔️ |
| Stop | ✔️ | ✔️ | ✔️ |
| Slippage control for market orders | ❌ | ❌ | ✔️ |
| Slippage control for stop orders | ❌ | ❌ | ✔️ |
| Limit GTC/GTD | ✔️ | ✔️ | ✔️ |
| IOC | ❌ | ❌ | ✔️ |
| Stop-limit | ❌ | ❌ | ✔️ |
| Hidden | ❌ | ❌ | ✔️ |
| Iceberg | ❌ | ❌ | ✔️ |
| Strategies (One-Cancel-the-Other [OCO], One-Triggers-Another [OTA], Ladder of the Orders) | ❌ | ❌ | ✔️ |
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
Office Support
Email Support
Call Support
Chat Support
FAQ About FXOpen
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 , Stocks , Indexes , Energies , Crypto and Crypto . As for the payment methods, you can choose between Wire transfer, Credit/debit cards, FasaPay, Crypto, Litecoin, Ethereum, Crypto Cash, Tether (USDT), WebMoney and AdvCash. The customer support is available via Email, Live chat, Forum and Phone.
The starting capital in FXOpen is $1.
FXOpen is regulated by FCA 579202, ASIC 412871, The Financial Commission 01.09.2013 and CySEC 194/13. 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.
FXOpen is a brokerage company offering trading services for clients since 2003 with offices in United Kingdom, Australia, China, European area, Hong Kong, India, Indonesia, Spain, Thailand, Turkey, United Arab Emirates and Cyprus.
Account Number: (20500xxx)
Nov 4 2023
Account Number: (704xxx)
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