HOME / FXOPEN REVIEW

FXOpen Review

Broker Information Security Popularity Payment Spec Instruments Score
Security A
Popularity C
Payment B
Spec A
Instrument A
A
C
B
A
A
score 73
FXOpen
  Regulation 100
ASIC
FCA
CySEC
  Security 100
Segregated accounts
Negative balance protection
Established more than 10 years
Compensation scheme
  Instrument 100
Forex
Commodities
etf
Gold
  Platform 100
MetaTrader 4
MetaTrader 5
Tradingview
Web
  Payment 88
Credit/debit card
Crypto
WebMoney
FasaPay
Wire
  Features 100
PAMM
Copy trading
Bonus
Affiliate
Manage
Vps
  Spec 100
Islamic account
Hedging
Scalping
Leverage more than 1:500
Low spread eur/usd

💲 Min Deposit $10

Year Established 2003

💼 Regulation

💡 Min Position 0.01 lot

🌐 Website fxopen.com

🌎 Country United KingdomAustraliaChinaEuropean areaHong KongIndiaIndonesiaSpainThailandTurkeyUnited Arab EmiratesCyprus

1000

Max Leverage 1:1000

💰 Bonuses

👨‍💻 PAMM

🏆 Trading contests

📁 Segregated accounts

Compensation scheme

Negative balance protection

Low spread eur/usd

🕋 Islamic account

Copy Trading

🗺 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 global clients.

This broker has also been regulated by FCA 579202, ASIC 412871, The Financial Commission 01092013 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.

Begin Your FXOpen Journey Here

Extensive Review

FXOpen started its operation as an online trading provider for retail clients in 2005. The company was founded by a group of traders with a mission to provide services that are in the interests of traders. FXOpen claimed to be one of the first 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.

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

Various trading accounts, such as STP, ECN, and free unlimited demo accounts, are provided. The minimum deposit for each account depends on the account type; USD100 in ECN and USD10 in STP. As for leverage, FXOpen offers up to 1:1000 for all instruments on all accounts.

Traders can also enhance their trading capabilities with Myfxbook and Zulutrade automated trading systems. Both of these services allow anyone to copy the transactions of experienced traders, replicating 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: STP, ECN, and Crypto PAMM.

On ECN accounts, traders 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 reason why FXOpen's ECN account has become a trader favorite.

After seeing the various advantages offered by FXOpen, traders can easily register an account by filling out the form in the registration menu on the FXOpen website. Traders will be asked to verify documents in advance if they 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 and STP account holders. Traders can use FXOpen VPS without any fees for 1 month if they can maintain an equity of USD 5,000 at the end of the month or trade with a trading volume of USD 10,000,000 per month. The advantages of VPS on FXOpen are excellent accessibility, flexibility, and speed.

Trading on FXOpen is made easier because traders can gain insight by entering contests. FXOpen Broker offers weekly and monthly trading contests on demo accounts through the ForexCup.com site. Traders can join competitions 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 fiat and crypto-currency trading information. There are three types of partnership levels, including Forex IB (Forex Agent), which 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 who desire to try various trading instruments. It offers a trading environment in an ECN account, low minimum deposits, the best cryptocurrency trading conditions, and interesting trading features like PAMM and demo contests.

Account Information

FXOpen

Apart from the forex demo account, this broker offers STP and ECN. 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: 1000 Meanwhile, you can open an account with a starting capital of $10.

FXOpen offers two live accounts:

ECN

The ECN account type offers traders a range of features with a minimum deposit of $100 and a minimum position size of 0.01 lot. The account provides floating spreads, a margin call at 100%, and a stop-out level at 50%. Traders can benefit from scalping, expert advisors, hedging, news trading, phone dealing, and market depth with level 2 quotes. Additionally, the account comes with a commission of $1.50 per trade, making it an attractive option for various trading strategies.

STP

The STP account type is designed for traders with a minimum deposit requirement of $10 and a minimum position size of 0.01 lot. It offers floating spreads, a margin call at 100%, and a stop-out level at 50%. The account supports scalping, expert advisors, hedging, news trading, phone dealing, and market depth with level 2 quotes. Notably, this account type charges no commission, making it an attractive option for cost-conscious traders.

pin

Min Deposit

$10

pin

Max Leverage

1:1000

pin

Spread

Floating

pin

Commission

$1.50

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 $10

💡 Min Position 0.01 lot

🔢 Spread Floating

Margin Call 100%

Stop Out 50%

📉 Scalping

🤖 Expert Advisors

💱 Hedging

News Trading

Phone Dealing

Market depth with level 2 quotes

💸 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.

Open Your FXOpen Account Today

Instruments Traded

Besides lots of currency pairs, FXOpen also offers some instruments you would like to trade on, such as Forex, Gold & silver, Etf and Commodities 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

Etf

Etf
1:500

Commodities

Commodities
1:500


💲 Min Deposit $100

💡 Min Position 0.01 lot

🔢 Spread Floating

Margin Call 100%

Stop Out 50%

📉 Scalping

🤖 Expert Advisors

💱 Hedging

News Trading

Phone Dealing

Market depth with level 2 quotes

💸 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.

Open Your FXOpen Account Today

Instruments Traded

Besides lots of currency pairs, FXOpen also offers some instruments you would like to trade on, such as Forex, Gold & silver, Etf and Commodities 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
1:1:1000

Gold & silver

Gold & silver
1:1000

Etf

Etf
1:1000

Commodities

Commodities
1:1000

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, Credit/debit cards, Bitcoin Cash and AdvCash



Start Your Trading Adventure with FXOpen

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, a price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitability 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), TradingView and Web.

  • 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

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.

Trade with FXOpen Now

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
German
English
Spanish
French
Hungarian
Indonesian
Italian
Russian
Chinese
Portuguese
Thai
Turkish

Office Support

Email Support

Call Support

Chat Support

FAQ About FXOpen

Yes, FXOpen is a good broker because of the following criterias:

  1. In general, FXOpen provides trading service in Forex, Gold & silver, Etf and Commodities.
  2. As for the payment methods, you can choose between Wire transfer, Credit/debit cards, FasaPay, Crypto, Litecoin, Ethereum, Bitcoin Cash, Tether (USDT), WebMoney and AdvCash.
  3. The customer support is available via Email, Live chat, Forum and Phone.
  4. FXOpen is regulated by FCA 579202, ASIC 412871, The Financial Commission 01092013 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.

The starting capital in FXOpen is $10.


FXOpen offers MetaTrader 4 (Limited with 30 days), MetaTrader 5 (Limited with 30 days), TickTrader (Limited with 30 days), TradingView, Web to cater to the diverse needs of its clients. By understanding the features and benefits of each platform, you can select the one that best aligns with your trading goals.


FXOpen provides a wide range of convenient and secure payment methods. Some of the popular options are Wire transfer, Credit/debit cards, FasaPay, Crypto, Litecoin, Ethereum, Bitcoin Cash, Tether (USDT), WebMoney, AdvCash.

For the most accurate and up-to-date information on available payment methods and their specific terms, please refer to the official FXOpen website or contact their customer support.


FXOpen supports an extensive range of languages, making its platform accessible to traders across the globe. This multilingual approach ensures that clients can communicate, navigate, and trade comfortably in their preferred language. Some of the languages available include: Arabic, German, English, Spanish, French, Hungarian, Indonesian, Italian, Russian, Chinese, Portuguese, Thai, Turkish



FXOpen News
Alejandro Salinas
FXOpen added its trading assets with the addition of EUR/ZAR and USD/ZAR, available across all platforms.
Alejandro Salinas
The Australian forex broker, FXOpen, plans to challenge the ASIC's decision to revoke its Australian license.
Alejandro Salinas
ASIC revoked FXOpen's license after FXOpen was found to have failed to properly oversee its financial services and meet its licensing requirements.
David Tristan
FXOpen expands integration with TradingView to mobile app, enhancing trading flexibility and accessibility with real-time prices and advanced charting tools.
Kyla Yocelyn
FXOpen increases the range of its languages by providing German, French, Spanish, Portuguese, Turkish and Arabic options in the TickTrader mobile application.
Kyla Yocelyn
FXOpen just upped their game! They've announced a major upgrade to their trading platform, TickTrader. Now, traders can access and trade a whole new asset class: Hong Kong stocks.
FXOpen Articles
Diva Nadia
Currently, FXOpen offers two active trading contests, namely ForexCup Championship 2023 and Catch ZERO Spreads Season 9. Read further to know more about them.
Diva Nadia
When it comes to cryptocurrency trading, FXOpen and Tickmill provide different leverage and number of crypto assets. How to choose the right one?
Diva Nadia
FXOpen PAMM account service is a great alternative for both beginners and professional traders to gain money. Here's everything you need to know about it.
Oktavina Justine
FXOpen is one of the first forex brokers that offer cryptocurrency CFD trading. How do they provide the best trading condition for crypto traders?
Bilal Hassan
Are you still in trouble choosing the right FXOpen trading platform? Check out our article to see which trading platform works best for you.
Alyaziah Hayat
FXOpen provides numerous trading accounts to cater to traders with varying expertise and experience. The ECN vs STP account is two of the most popular one in this broker.
Diva Nadia
Are you looking for ways to earn extra income and pump your trades? FXOpen offers these solutions to help you with that.
Alyaziah Hayat
The current FXOpen Swaps work in either a Live or Demo MT4 or MT5 account. On Islamic accounts, instead of a swap, traders are charged an additional commission for overnight positions. The additional commission is equal to the swap.
David Tristan
Does FXOpen ECN account provide the same advantages usually found in other brokers? How do we apply for it and how do the orders work?
Testimonials
Brazil
I Invest Maestri
Account Number: (20500xxx)
Nov 4 2023
 
I never had a problem I wasn't able to quickly... More
India
N Noah
Account Number: (704xxx)
Nov 30 2022
 
This is an ECN Forex broker so i can trade... More
Singapore
V Veronika Lipscomb
Jun 5 2023
 
This company offers a wide range of trading options and... More
Australia
R Ressie Daly
Jun 2 2023
 
The company stands out for its tight spreads, user-friendly trading... More
Australia
D Delta Valerio
Jun 1 2023
 
Japanese candlesticks' closing and opening timings may vary across different... More
India
R Raylene Rowell
Apr 25 2023
 
Instances of slippage are infrequent with this company. Occasional servers... More

2 Comments

E

Equilibu

Feb 23 2024

Az FXOpen ECN számla ideális választás a kereskedéshez. Az ECN számla lehetÅ'vé teszi a közvetlen piaci hozzáférést, ami alacsonyabb spreadeket és gyorsabb végrehajtást eredményez. Emellett az ECN számla mély likviditást és változatos kereskedési eszközöket kínál, ideális feltételeket teremtve a professzionális kereskedÅ'k és a nagyobb volumenű kereskedések számára.

r

ropo

Mar 28 2024

Sehr guter Broker, ich nutze seine Ticktrader-Plattform für meinen Handel und kein Spread macht ihn überlegen.

Außerdem habe ich immer, wenn ich Hilfe brauchte, den Support kontaktiert. Der Auszahlungsprozess geht sehr schnell!