FXOpen Review

Read our concise, full review on the pros and cons of FXOpen

Written by Jason Peterson
Edited by David Johnson
Fact checked by Angelo Martins
Last updated August 2024
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FXOpen User reviews

3.7
(54 )
Ranked 91 out of 1747 (Forex Brokers)
This rating is based on 37 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.
29 April 2024
Approved reviewer
Location: Ukraine
29 April 2024
5.0
Approved reviewer
Normal broker. However, it is gradually moving away from microtrading. On the plus side, it is really regulated and fulfills the requirements of regulators.
23 February 2024
Approved reviewer
Location: Hungary
23 February 2024
4.0
Approved reviewer
Az FXOpen egy legitim bróker a Forex kereskedésben. A cég hitelesített és szabályozott, biztosítva ügyfelei pénzügyi biztonságát és védelmét. Széles körű kereskedési lehetőségeket kínál, valamint megbízható platformot és ügyfélszolgálatot biztosít a sikeres kereskedés érdekében.
12 February 2024
Approved reviewer
Location: United Kingdom
12 February 2024
4.0
Approved reviewer
ECN account are good because because the way you can manage your trade and low commission is super thing by FXOpen
1 December 2022
Approved reviewer
Location: India
1 December 2022
5.0
Approved reviewer
I started trading with FXOpen in the Year 2012 and now i am a successful trader with them. They have Direct Inter Bank pricing Model which is connected to Tier 1 Banks Liquidity pools. Opening and CLosing the trades is very Fast and Accurate.
9 November 2022
Verified reviewer
Location: Singapore
Account types: ECN
9 November 2022
4.0
Verified reviewer
spreads can be a bit higher, love their design of having a cabinet to "store" your profits so that they have funds to deduct.You withdraw thru this cabinet

FXOpen Regulation / Money Protection

5.0
Company Licenses & Regulations Segregated Client Money Deposit Compensation Scheme Negative Balance Protection Rebates Max. Leverage Retail Clients
FXOpen AU PTY Ltd 30 : 1
FXOpen EU Ltd up to €20,000 30 : 1
FXOpen Ltd up to £85,000 30 : 1
FXOpen Markets Limited
St Kitts and Nevis
500 : 1

FXOpen Overall rating

4.1
Ranked 83 out of 1747 (Forex Brokers)
Overall rating is derived from an aggregate of ratings in multiple categories.
Rating Weight
User Rating 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 leverage500:1100:1500:1100:1
Mobile PlatformMT4 Mobile, MT5 Mobile-MT4 Mobile, MT5 MobileMT4 Mobile
Trading platformMT4, MT5, WebTrader-MT4, MT5, WebTrader-
Spread TypeVariable Spread
Minimum Deposit10200100
Minimum Trade Size0.01
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 313,361 (99%)
Organic traffic rank 76 out of 1747 (Forex Brokers)
Paid monthly visits 2,031 (1%)
Total monthly visits 315,392
Bounce rate 55%
Pages per visit 2.23
Average visit duration 00:00:55.4970000

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