Item: FXOpen
Rating: 4.3

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User Reviews (54)

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Written by Jason Peterson

Edited by David Johnson

Fact checked by Angelo Martins

Human moderated by Jason Peterson

Last updated August 2024

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User reviews
Regulation / Money Protection
Overall rating
Profile
Account types
Web traffic
Promotions

FXOpen User reviews

3.8

(54

)

Ranked 83 out of 1530 (Forex Brokers)

This rating is based on 39 reviews by users that proved they are real customers of this company. All reviews undergo significant human and technical moderation. Companies that get 30+ reviews by verified reviewers are scored only on their ratings by verified reviewers and get a green checkmark by their rating.

FXOpen Regulation / Money Protection

5.0

Company	Licenses & Regulations	Deposit Compensation Scheme	Max. Leverage Retail Clients
FXOpen AU PTY Ltd	Australia - AU ASIC		30 : 1
FXOpen EU Ltd	Cyprus - CY CYSEC	up to €20,000	30 : 1
FXOpen Ltd	United Kingdom - UK FCA	up to £85,000	30 : 1
FXOpen Markets Limited St Kitts and Nevis			500 : 1

FXOpen Overall rating

4.3

Ranked 40 out of 1530 (Forex Brokers)

Overall rating is derived from an aggregate of ratings in multiple categories.

	Rating	Weight
User Rating	3.8 (54 reviews)	3
Popularity	3.9	3
Regulation	5.0	2
Pricing rating	5.0	1
Features	Not rated	1
Customer Support	Not rated	1

FXOpen Profile

Company Name	FXOpen Markets Limited,FXOpen AU PTY Ltd, FXOpen EU, Ltd FXOpen Ltd
Categories	Forex Brokers, Cryptocurrency Brokers, Forex Rebates, Cryptocurrency Rebates
Primary Category	Forex Brokers
Year Founded	2005
Headquarters	St Kitts and Nevis
Office Locations	Australia, St Kitts and Nevis, New Zealand, Russia, United Kingdom
Account Currency	AUD, CHF, EUR, GBP, GLD, JPY, RUB, SGD, USD, BTC, LTC, ETC
Client funds bank	ALFA-BANK
Support Languages	Arabic, Chinese, English, French, German, Hungarian, Indonesian, Italian, Portuguese, Russian, Spanish, Thai, Turkish
Funding Methods	Bank Wire, Bitcoin, Credit/Debit Card, FasaPay, Litecoin, Neteller, POLi, Webmoney, Local Bank Transfer, Bitcoin Cash, Ethereum, AdvCash, Tether (USDT)
Financial Instruments	Forex, Shares, Indices, Oil/Energies, Cryptocurrencies, Metals, ETFs
Prohibited Countries	Iran, United States

24 hour support

Segregated Accounts

Islamic Accounts

Accepts Canadian clients

Accepts Japanese Clients

Non expiring demo

Trading API

Cent accounts

Negative balance protection

Social trading

Regulatory deposit insurance

Trailing stops

Bonuses

Interest on margin

Fixed spread

Variable spread

FXOpen Account types

	STP	PAMM STP	ECN	PAMM ECN
Commission	-		From 1.5 to 5 units for ECN Accounts
Maximum leverage	500:1	100:1	500:1	100:1
Mobile Platform	MT4 Mobile, MT5 Mobile	-	MT4 Mobile, MT5 Mobile	MT4 Mobile
Trading platform	MT4, MT5, WebTrader	-	MT4, MT5, WebTrader	-
Spread Type	Variable Spread
Minimum Deposit	10	200	100
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	STP
Maximum leverage	500:1
Typical Spread	1 - 1.2
Trading platform	MT4MT5WebTrader
Mobile platform	MT4 MobileMT5 Mobile
Spread type	Variable Spread
Minimum deposit	10
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	PAMM STP
Maximum leverage	100:1
Typical Spread	1 - 1.2
Spread type	Variable Spread
Minimum deposit	200
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	ECN
Commission	From 1.5 to 5 units for ECN Accounts
Maximum leverage	500:1
Typical Spread	0.0-0.4
Trading platform	MT4MT5WebTrader
Mobile platform	MT4 MobileMT5 Mobile
Spread type	Variable Spread
Minimum deposit	100
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	PAMM ECN
Commission	From 1.5 to 5 units for ECN Accounts
Maximum leverage	100:1
Typical Spread	0.0 - 0.4
Mobile platform	MT4 Mobile
Spread type	Variable Spread
Minimum deposit	100
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

FXOpen Web traffic

Our web traffic data is sourced from SimilarWeb and sums the traffic data of all websites associated with a broker. Organic visits are visits the broker didn't pay for, based on the available data. This data updates once monthly and can be based on data purchased from internet service providers, traffic metrics sourced by a third party such as Google Analytics that the company chooses to share with SimilarWeb, etc.

Websites	fxopen.com
Organic monthly visits	344,847 (99%)
Organic traffic rank	58 out of 1530 (Forex Brokers)
Paid monthly visits	2,386 (1%)
Total monthly visits	347,233
Bounce rate	56%
Pages per visit	2.10
Average visit duration	00:01:12.0620000

FXOpen Promotions

FXOpen User reviews

3.8

(54

)

Ranked 83 out of 1530 (Forex Brokers)

Newer user ratings have greater impact than older ratings and user ratings have no impact after 5+ years old. The more reviews a company receives, the higher the maximum possible aggregate user rating. After 100 reviews a company can receive the highest rating, which is an average of their user ratings.

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Cashback rebates
Notes
What are rebates?
How do rebates work?
How much rebates can I earn?

FXOpen Cashback rebates

Get Cashback

We will beat any competitor offer!*

Cash back rebates are paid per round turn lot unless otherwise specified. 1 Lot = 100,000 base currency units traded.

	STP	PAMM STP	ECN	PAMM ECN
Forex	0.225 Pips		18.75% Of Commissions Paid
Cryptocurrencies	-		18.75% Of Commissions Paid
Payment Options	Monthly Cash Back Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month.

	STP
Forex	0.225 Pips
Payment Options	Monthly Cash Back Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month.

	PAMM STP
Forex	0.225 Pips
Payment Options	Monthly Cash Back Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month.

	ECN
Forex	18.75% Of Commissions Paid
Cryptocurrencies	18.75% Of Commissions Paid
Payment Options	Monthly Cash Back Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month.

	PAMM ECN
Forex	18.75% Of Commissions Paid
Cryptocurrencies	18.75% Of Commissions Paid
Payment Options	Monthly Cash Back Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month.

Notes

PAMM STP Accounts: Manager and investor receive rebates proportionate to the amount invested.

Maximum rebates payable per client: $66.66 per order; $666.66 per day; $6666.66 total.

Rebates are not paid on Micro accounts.

What are FXOpen rebates?

FXOpen rebates are a portion of the transaction cost that is paid back to the client on each trade, resulting in a lower spread and improved win ratio. For example, if your rebate is 1 pip and the spread is 3 pips, then your net spread is only 2 pips.

Many traders initially believe there must be higher costs elsewhere to compensate, however they soon find there is no catch and Forex rebates truly reduce the costs of the transaction and improve their bottom line.

How do FXOpen rebates work?

When you link a new or existing forex trading account to us the broker pays us part of their spread or commission profit for every trade you make as compensation for referring a customer to them. We then share the majority of our revenue with you, paying you a cash rebate for each trade you make as thank you for signing up with us.

Unlike some of our competitors your spreads will never increase as a result of using our service! The only difference is: as our client you earn extra cash per trade, making trading through us more profitable than opening direct with the broker. Founded in 2007, we are the original and leading provider of forex rebates. We pay rebates to over 100,000 accounts and traders love our helpful 24 hour live chat, telephone and email support.

How much FXOpen rebates can I earn?

Use our forex rebate calculator to estimate your FXOpen rebate earnings:

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EUR/USD 1 Pip Size

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