FXOpen Review
Read our concise, full review on the pros and cons of FXOpen
Not available in United States




I am the Director/Owner of Excel Markets Inc. (Regulated by the US National Futures Association)
I am an NFA Associate Member with a Series 3 and 34 license.


Beyond my professional endeavours, I am deeply passionate about researching the financial industry and brokers. Drawing from my extensive experience in trading, including personally investing all of my savings in the capital markets, I am committed to making the complexities of personal investing accessible to everyone.



Data is continually updated by our staff and systems.
Last updated: 12 Aug 2024
We earn commissions from some affiliate partners at no extra cost to users (partners are listed on our ‘About Us’ page in the ‘Partners’ section). Despite these affiliations, our content remains unbiased and independent. We generate revenue through banner advertising and affiliate partnerships, which do not influence our impartial reviews or content integrity. Our editorial and marketing teams operate independently, ensuring the accuracy and objectivity of our financial insights.
Read more about us ⇾FXOpen User reviews





FXOpen Regulation / Money Protection
5.0Company | Licenses & Regulations | Segregated Client Money | Deposit Compensation Scheme | Negative Balance Protection | Rebates | Max. Leverage Retail Clients |
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FXOpen AU PTY Ltd |
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30 : 1 | |
FXOpen EU Ltd |
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30 : 1 | |
FXOpen Ltd |
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30 : 1 | |
FXOpen Markets Limited
St Kitts and Nevis |
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500 : 1 |
FXOpen Overall rating
4.1Rating | Weight | |
User rating | 3.7 (54 reviews) | 3 |
Popularity | 3 | |
Regulation | 2 | |
Pricing rating | 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 |
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 |
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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 |
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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 |
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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 |
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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
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Organic monthly visits | 308,966 (99%) |
Organic traffic rank | 63 out of 1740 (Forex Brokers) |
Paid monthly visits | 1,942 (1%) |
Total monthly visits | 310,908 |
Bounce rate | 56% |
Pages per visit | 2.15 |
Average visit duration | 00:01:28.3790000 |
FXOpen Promotions
FXOpen User reviews
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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56.6%
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26.42%
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11.32%
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1.89%
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3.77%
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1.82%
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Translation:
I traded forex, stocks. The risks in these markets are high, but the profitability can be higher. I enjoyed using FXOpen's services because they provide a wide range of tools and resources that will help me to trade. They provided an excellent trading platform, profitable spreads and leverage, and their customer support team was very helpful.

Translation:
I trade forex at FX Open Markets. After comparing my trading terms, I found that this broker is the most stable broker and my orders are consistent. This was important to me as I am a news trader and much of my profits must come from news trading.

Translation:
I am happy with my trading results on FXOpen Markets. This broker is very professional and all my trades go smoothly. Also, my withdrawals are processed by them on time.


Translation:
One of the best companies currently in the forex market, the speed of order execution, the speed of customer service It always offers offers and a variety of accounts and different financial leverages

Translation:
FXopen is considered one of the best companies in this field and offers many facilities to its traders It also implements orders quickly so that traders do not suffer large losses. It also has more than one method for withdrawal and deposit to allow many options besides many trading accounts that it offers to its traders until you find what suits you

Translation:
A reliable broker




Translation:
Good broker. Spread not the absolute lowest but also not the highest. Interestingly, depending on the account balance, commissions are lower, but fair even with a small account. Good customer service. Also small minimum deposit - therefore suitable for also to practice in real or to have EA robots tested.

Translation:
FXOpen is an excellent broker with several electronic payment methods, which speeds up the time to make a quick contribution. I have always traded forex at FXOpen but it has many other assets to explore, such as stocks, metals and others. Their support is very fast which helps us a lot not only to resolve any issue but it raises the level of confidence. Great!




Translation:
Good broker with market-based order execution. There are many competitions, work with investors and regular improvement of trading conditions. I also have an automatic withdrawal for small amounts. There have been many improvements this year.

Translation:
I have been working with this broker for over 4 years and I am going to continue cooperation. I chose this company mainly due to the availability of various contests for traders. At that moment it was an important criterion for me. And then she remained in the company, tk. trading conditions are quite acceptable, order execution is good, withdrawal of funds is always within an hour (EPS). In general, my review of the company is positive.

Translation:
An excellent company, there are no problems with depositing and withdrawing funds. The terminal works well, especially when using ECN accounts. Support works around the clock, although Russian-speaking only during the day.


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Account types user rating
FXOpen Cashback rebates
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.
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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.
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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.
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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.
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Notes
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?
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?
Units per 1 lot vary on non-forex pairs, please check with your broker
In MT4 and MT5 right click a symbol and then click Specification. The Contract Size field tells how many units are in one lot.
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