Operating since 2005, FXOpen understands the intricacies of forex and CFD trading, empowering you to navigate the market with confidence.
- Fast deposits and withdrawals
- User-friendly trading platforms
- Competitive spreads and low commissions
- Wide range of tradable instruments
- Limited payment options for some regions
- High fees for small deposits
- Limited customer support hours
- No third-party payments accepted
FXOpen is a global forex and CFD broker established in 2005, known for its trader-centric approach, competitive pricing, and advanced trading technology. Operating on a true ECN (Electronic Communication Network) model, FXOpen connects traders directly to the interbank market, ensuring fast execution and tight spreads from 0.0 pips. With access to over 600 markets, including forex, commodities, indices, and cryptocurrencies, FXOpen offers traders a robust, flexible, and transparent environment to grow their trading success.
FXOpen Summary
| 🔎 Broker | 🥇 FXOpen |
| 📌 Year Founded | 2003 |
| 👤 Amount of Staff | 200+ |
| 👥 Amount of Active Traders | 1,000,000+ |
| 📍 Publicly Traded | None |
| 🛡️ Regulation and Security | High |
| ⭐ Regulation | FCA, CySEC |
| 🌎 Country of Regulation | UK,Europe |
| ↪️ Account Segregation | ✅Yes |
| 🚨 Negative Balance Protection | ✅Yes |
| 🤝 Investor Protection Schemes | ✅Yes |
| 🚩 Account Types and Features | ECN STP |
| 🅰️ Institutional Accounts | ✅Yes |
| 🅱️ Managed Accounts | ✅Yes |
| 🪙 Minor Account Currencies | ✅Yes |
| 💰 Minimum Deposit | 10 USD |
| ⏰ Avg. Deposit Processing Time | Instant |
| ⏱️ Avg. Withdrawal Processing Time | 1-3 days |
| 💴 Fund Withdrawal Fee | None |
| 🔖 Spreads From | 0.0 pips |
| 💶 Commissions | Varies |
| 💵 Number of Base Currencies | 6 |
| 💷 Swap Fees | Varies |
| 🏷️ Leverage | Up to 1:500 |
| ⚙️ Margin Requirements | Varies |
| ☪️ Islamic Account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| ⏲️ Order Execution Time | <1 second |
| 🖱️ VPS Hosting | ✅Yes |
| 📈 CFDs Total Offered | 200+ |
| 📉 CFD Stock Indices | ✅Yes |
| 🍎 CFD Commodities | ✅Yes |
| 📊 CFD Shares | ✅Yes |
| ⏹️ Deposit Options | Bank transfer,cards,e-wallets |
| ⏺️ Withdrawal Options | Bank transfer,cards,e-wallets |
| 🖥️ Trading Platforms | MT4,MT5 |
| 💻 OS Compatibility | Windows,macOS,mobile |
| 🖱️ Forex Trading Tools | ✅Yes |
| ❤️ Customer Support | Responsive |
| 🥰 Live Chat | ✅Yes |
| 💌 Support Email | [email protected] |
| 🐦 Social Media | Twitter,Facebook,LinkedIn |
| 🗯️ Language | Multiple |
| ✏️ Forex Course | ✅Yes |
| 📔 Webinars | ✅Yes |
| 📚 Educational Resources | ✅Yes |
| 📒 Affiliate Program | ✅Yes |
| 📑 Amount of Partners | 1,000+ |
| 🗃️ IB Program | ✅Yes |
| 🗄️ Sponsor Notable Events/Teams | ✅Yes |
| 📇 Rebate Program | ✅Yes |
| 😊 Suited to Beginners | ✅Yes |
| 😎 Suited to Professionals | ✅Yes |
| 🔋 Suited to Active Traders | ✅Yes |
| ♒ Suited to Scalpers | ✅Yes |
| 🌞 Suited to Day Traders | ✅Yes |
| 🚀Open an Account | 👉 Click Here |
Safety and Security
FXOpen prioritizes the safety and security of its clients, employing industry-standard measures to protect both financial and personal information. With over 15 years of experience in the trading industry, FXOpen operates under strict regulations and implements robust security protocols to ensure a safe and transparent trading environment.
Client funds are protected through secure payment methods and segregation of accounts, while the company is also a member of The Financial Commission, offering an additional layer of security for traders.
Bonus Offers and Promotions
FXOpen provides a thrilling opportunity for traders to enhance their trading experience through various bonus offers and promotions. One of the most exciting offers is the ForexCup Trading Championship, which allows traders to compete globally for significant prizes and bonuses.
With a rich history of forex competitions and over $200,000 in prize money awarded since 2015, FXOpen’s contests offer both beginners and seasoned traders the chance to showcase their skills, win prizes, and elevate their trading careers.
Minimum Deposit and Account Types
FXOpen offers a range of trading accounts designed to cater to both retail and professional traders. The most popular option is the ECN trading account, which provides direct market access, no dealing desk interference, and competitive pricing with spreads starting from 0.0 pips. With a minimum deposit of just $100 (or its equivalent in another currency), FXOpen’s ECN account offers a wide range of instruments, including forex, global indices, stocks, commodities, and cryptocurrency CFDs.
This account type is ideal for traders seeking cost-effective, high-volume trading with tight spreads and flexible leverage.
Trading Platforms and Tools
FXOpen offers a range of advanced and intuitive trading platforms designed to meet the needs of both retail and professional traders. Whether you are a beginner or an experienced trader, FXOpen provides powerful platforms such as the award-winning MetaTrader 4 (MT4), the more advanced MetaTrader 5 (MT5), the highly customizable TickTrader platform, or the advanced charting tools offered by TradingView.
Each platform is equipped with a variety of features like automated trading, in-depth charting, and access to multiple asset classes, giving traders the flexibility and control they need to execute complex strategies.
Markets Available for Trade
FXOpen offers an extensive range of markets for traders, including forex, indices, commodities, shares, and cryptocurrencies. As a true ECN broker, FXOpen connects traders to deep liquidity from major banks and other liquidity providers, offering competitive spreads starting from 0.0 pips.
Whether you are interested in trading major currency pairs, global indices, precious metals, energy, stocks, or digital currencies, FXOpen provides fast execution and flexible contract sizes to suit traders of all types.
Fees, Spreads, and, Commissions
FXOpen operates as an ECN broker, offering competitive pricing with low commissions and spreads starting from 0.0 pips. The commission structure is based on account balance, trading volume, and the platform used. Fees apply differently to various assets such as forex, indices, commodities, shares, and cryptocurrencies. High-volume traders can benefit from discounted commissions based on their traded volume.
FXOpen also provides swap-free Islamic accounts, where an additional commission replaces swap fees for overnight positions.
Deposit and Withdrawals
FXOpen offers a variety of payment methods for both deposits and withdrawals, ensuring convenience and flexibility for clients. With options like FasaPay, Volet, and online banking, clients can fund their accounts instantly or withdraw their funds efficiently.
Deposit methods are generally free, with some exceptions, while withdrawal options include minimal fees and fast processing times, with most transactions completed within one business day.
