Skip to content
Country Flag CN
Select Country
Country selection We will display only brokers and information that is relevant to your country.
Currently selected country
Select a different country
Language See the content translated in your language.

Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.

4.4
/ 5

FXOPEN review

Updated on Avr 16, 2024
|
8 mins read

Overview

FXOpen has a long-standing history in the financial service industry. The company was established in 2005 to provide a conducive trading environment, a wide range of financial assets, ...
See full overview for FXOPEN
Countries
+8
Devices
Our Verdict
4.4
/ 5
Commissions & Fees
4.7
/ 5
Deposit & Withdrawal
4.1
/ 5
Customer Support
4.3
/ 5
Account Opening
4.7
/ 5
Regulation & Safety
4.4
/ 5

Our 5-step process of verification and evaluation – How do we obtain information?

 

General inspection – 30%

Trading experience – 30%

Technical audit – 20%

Collective experience from collaborations with the broker – 10%

Interviews with real traders – 10%

 

See the entire process here.

Pros

  • The broker’s efficient trading technology provides its clientele with a secure, reliable, and efficient trading experience.

  • Competitive spreads, allow traders to minimize trading costs.

  • Multiple account types and trading platforms to suit versatile trading styles and experience levels.

  • Access to PAMM service and auto-trading, allows traders to copy successful transactions and automate their trading strategies.

  • The broker allowed its clientele to make deposits with cryptocurrencies.

Cons

  • The broker offers limited educational resources and training tools for beginners.

  • There is no callback option on the FXOpen platforms.

  • FXOpen has limited customer service support only available on weekdays.

General details

Type of accounts
Unlimited Demo Accounts
ECN accounts
STP accounts
Micro accounts
Execution Model
ECN
STP
MM
Deposit currency
USD
EUR
JPY
GBP
RUB
AUD
CHF
SGD
Regulatory complience
ASIC
FCA
Deposit payment systems
Withdrawal payment systems
Support Languges
English
Arabic
Indonesian
Spanish
Chinese
Malay
German
Persian
Portuguese
Russian
Thai
Turkish
Ukrainian
French
Autotrading
Zulutrade
Contact details
[email protected] +64-9-801-0123

Customer reviews

Overall
score
0
/ 5
0 reviews

Read real reviews from traders all over the world:

No reviews yet.

Accounts

Type of Trading Accounts

FXOpen offers different trading accounts to meet all its users’ specific goals and needs. Although these accounts share similar features, each has unique trading features from which trades can choose based on preference.

  • Micro Account: This account is designed for beginner traders who want to start trading with a small or limited budget. The account requires a minimum deposit of $1 and has a floating spread. The account is only available on the MT4 trading platform, and it is commission-free. While it has a 0.01 lot minimum transaction size, the maximum leverage for the Micro account is up to 1:500.
  • STP Account: This account is designed for traders who want to trade with no commissions and lower spreads. The spreads here are much lower than that of the Micro account. This account requires a minimum deposit of $10 and a floating spread. The STP account is commission-free and is only available on the MT4 trading platform. While it has a 0.01 lot minimum transaction size, the STP account’s maximum leverage is up to 1:500.
  • ECN Account: This account is designed for advanced traders who require direct market access and tight spreads. It requires a minimum deposit of $100 and offers floating spreads. The commissions charged on this account start from $1.5/lot. The ECN account is available on the MT4, MT5, and TickTrader trading platforms. Unlike the previous two accounts, the ECN account provides access to the interbank liquidity pool and has a minimum transaction size of 0.01 lot. The maximum leverage for the ECN account is up to 1:500.
  • Crypto Account: This account is designed for cryptocurrency traders. With these accounts, traders can trade with cryptocurrencies as the base currency. The crypto account requires a minimum deposit of $10 worth of cryptocurrency and offers a floating spread. This account is only available on the MT4 trading platform. A commission of 0.25% of transaction volume is charged, and the minimum transaction size is 0.01 lot. The maximum leverage for the Crypto account is 1:3.
  • Islamic Account: The Islamic account is designed for traders who follow Shariah law and require swap-free trading. It is available for all account types and offers no swap charges or rollover fees.
ECN Account - FXOpen
Swap-free account
Phone trading
Scalping
Hedging
Trading with expert advisers
Trading 24 hours a day
Trailing stop
Trading Platforms
METATRADER 4 Meta Trader 4 Mobile
Deposit currency
USD
EUR
JPY
GBP
SGD
RUB
AUD
CHF
Trading instruments
Forex
1:500
Number of currency pairs: 9
AUD
CAD
EUR
GBP
HKD
NOK
NZD
SGD
USD
1:500
1:500
1:500
Stop Out
50%
Minimum position size
0.01 лотов
Execution type
market
Spread type
Floating
Decimal places
5
Margin Call
100%
Commission
1.8-2.5 units of base currency (per lot)
Other
Swap free
VIP account
Phone trading
Scalping
Hedging
Spread type
Trading with expert
Trading 24 hours a day
Trailing stop
Interest on free balance
Mailing the documents
SPT Account - FXOpen
Swap-free account
Phone trading
Trading Platforms
METATRADER 4 Meta Trader 4 Mobile
Deposit currency
USD
EUR
GBP
JPY
SGD
AUD
CHF
RUB
Trading instruments
Forex
Number of currency pairs: 10
AUD
CAD
EUR
CHF
GBP
HKD
NOK
NZD
SGD
USD
Stop Out
30%
Minimum position size
0.01 лотов
Execution type
market
Spread type
Floating
Decimal places
4
Margin Call
50%
Other
Swap free
VIP account
Phone trading
Scalping
Hedging
Spread type
Trading with expert
Trading 24 hours a day
Trailing stop
Interest on free balance
Mailing the documents
Micro Account - FXOpen
Phone trading
Hedging
Trading with expert advisers
Trading 24 hours a day
Trailing stop
Trading Platforms
METATRADER 4 Meta Trader 4 Mobile
Deposit currency
USD
Trading instruments
Forex
1:500
Number of currency pairs: 5
AUD
EUR
GBP
NZD
USD
1:500
Stop Out
10%
Minimum position size
0.1 лотов
Maximum position size
1000 лотов
Execution type
instant
Spread type
Floating
Decimal places
5
Margin Call
20%
Commission
For maintenance of inactive account 10 USD per month
Other
Swap free
VIP account
Phone trading
Scalping
Hedging
Spread type
Trading with expert
Trading 24 hours a day
Trailing stop
Interest on free balance
Mailing the documents
Crypto Account - FXOpen
Phone trading
Scalping
Hedging
Trading with expert advisers
Trading 24 hours a day
Trailing stop
Trading Platforms
METATRADER 4 Meta Trader 4 Mobile
Deposit currency
USD
EUR
JPY
GBP
RUB
Trading instruments
Cryptocurrencies
Stop Out
15%
Minimum position size
0.01 лотов
Execution type
market
Spread type
Floating
Decimal places
5
Margin Call
30%
Commission
For maintaining an inactive account 10 USD per month
Other
Swap free
VIP account
Phone trading
Scalping
Hedging
Spread type
Trading with expert
Trading 24 hours a day
Trailing stop
Interest on free balance
Mailing the documents
Tradable instruments

Tradable instruments on FXOpen trading platforms include:

Currencies
50
Indices
N/A
Commodities
N/A
Cryptocurrencies
-2
Stocks
N/A
Frequently asked questions

Find the right answer to your question below.

Is FXOpen regulated in the U.S.?

No, FXOpen has no regulatory license to operate in the U.S.; hence there are no FXOpen U.S clients. The broker is, however, regulated by other authorities such as the CySEC, ASIC, and FCA.

What trading platforms are available on FXOpen?

FXOpen offers a variety of trading platforms, including MetaTrader 4, MetaTrader 5, TickTrader, and WebTrader.

Is FXOpen a scam?

Based on FXOpen reviews, you can rest assured that the broker is not a scam. FXOpen is a reputable financial service provider with many accolades to the credit for its quality trading services.

FXOPEN compared with alternative brokers

To see the full broker review click « See review », to see the complete table and compare more brokers visit our Comparison page.

  • Overall verdict
  • Trading
  • Minimum deposit
  • Maximum leverage
  • Fees
  • Withdrawal fee
  • Deposit fee
  • Safety
  • Top-tier regulators
  • Investor protection
  • 4.4
    / 5
  • 4.1
    / 5
  • N/A
  • N/A
  • 4.7
    / 5
  • N/A
  • N/A
  • 4.4
    / 5
  • N/A
  • Yes
  • See review
  • 4.1
    / 5
  • 4
    / 5
  • N/A
  • N/A
  • 4.1
    / 5
  • N/A
  • N/A
  • 4
    / 5
  • N/A
  • Yes
  • See review
  • 4.1
    / 5
  • 4.2
    / 5
  • 10$
  • 1:500
  • 4.4
    / 5
  • 2%
  • 0%
  • 3.8
    / 5
  • No
  • Yes
  • See review
  • 4.1
    / 5
  • 4.3
    / 5
  • N/A
  • N/A
  • 4.2
    / 5
  • N/A
  • N/A
  • 4
    / 5
  • N/A
  • Yes
  • See review
  • 3.9
    / 5
  • 4
    / 5
  • N/A
  • N/A
  • 4.1
    / 5
  • N/A
  • N/A
  • 3.7
    / 5
  • N/A
  • No
  • See review
Choose brokers to compare FXOPEN to
0
Would love your thoughts, please comment.x
()
x