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. Simple yet detailed information upon this broker can be seen below.
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, PAMM Standard, PAMM 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
If you want to look for further information about this broker's offered account(s), please take a look at the list below.
Minimum Deposit
$1
Maximum Leverage
1:500
Spread
Variable
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
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.
Forex
1:500
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-click trading
Mobile trading
Automated trading
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.
Minimum Deposit $200
Minimum Position 0.01 lot
Spread Variable
Scalping
Expert Advisors
Hedging
Trailing stop
Pending orders
One-click trading
Mobile trading
Automated trading
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.
Forex
1:100
Gold & silver
1:100
Minimum Deposit $1000
Minimum Position 0.01 lot
Spread
Scalping
Expert Advisors
Hedging
Trailing stop
Pending orders
One-click trading
Mobile trading
Automated trading
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.
Forex
1:100
Gold & silver
1:100
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
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.
Forex
1:500
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
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.
Forex
1:500
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
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.
Forex
1:500
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
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.
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
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.
Forex
1:500
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
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.
Minimum Deposit $300
Minimum Position 0.01 lot
Spread Variable
Scalping
Expert Advisors
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.
Forex
1:500
Gold & silver
1:500
Payment Methods
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, Credit/debit cards, DIXIPAY, IntellectMoney, Liqpay, Litecoin, Local bank transfer, Payza, RBK Money, 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) and MetaTrader 5 (Limited with 30 days of inactivity).
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:
Website Languages
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.
Julius Helge
Jul 23 2020So far I have never experienced significant obstacles during trading at a FXOpen broker. This year is my second year with FXopen. Thank you :)
Sammy
Jul 23 2020Katharina S
Jul 23 2020Danny Lim
Jul 23 2020So 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
Jul 23 2020Great! This is the broker I'm looking for. Okay for scalping
Jayadi Adhie
Jul 23 2020Adrien
Jul 23 2020I 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
Jul 23 2020In 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
Jul 23 2020Actually, 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
Jul 23 2020I 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
Jul 23 2020Only 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
Jul 23 2020At 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
Jul 23 2020Account 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
Jul 23 2020FXopen 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
Jul 23 2020I 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
Jul 23 2020I 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
Jul 23 2020Advisor noobs
Jul 23 2020A 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
Jul 23 2020Customer service is very fast response and easy to contact. Not bad, my profit can be smoothly withdrawn for buying some snacks. Lol
Jeremy S
Jul 23 2020I 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
Jul 23 2020It'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
Jul 23 2020the good thing about offshore regulation is that we really have big leverage.
Jamil
Jul 23 2020I 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
Jul 23 2020I 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
Jul 23 2020We 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
Jul 23 2020I once opened an account, After the FXOpen office in the BCA tower closed it was hard to contact.
Yanny
Jul 23 2020I think this broker deserves a value of 8, especially for quick and withdrawal services.