FXOpen Review
Key Facts
Regulation
FCA · ASIC · CySEC
Broker Type
STP, ECN, NDD
Min. Deposit
$1
Platforms
TickTrader Web Platform, TickTrader Mobile App, TradingView, MetaTrader 4, MetaTrader 5
Fees
Low
Max Leverage
1:500
Demo Account
Yes
Our Ratings
3.8
out of 5
Safety & Regulation4.5
Fees & Costs4.3
Platforms & Execution4.5
Education2.0
75% of retail FX and CFD accounts lose money.
Pros & Cons
Pros
- +Strong regulatory oversight
- +Fast and easy account opening
- +Demo account for practising
- +Fast and secure payment methods
- +Multiple account currency options
- +Low forex trading fee
- +Low-cost ECN pricing
- +Spreads from 0.0 pips on ECN accounts
- +User-friendly mobile and web platforms
- +Supports TradingView, MT4, and MT5
- +No restrictions on trading strategies
- +Integrated PAMM trading feature
- +EA trading available
Cons
- −Narrow product offering
- −Limited eductional resources
- −Basic research tools
- −No integrated social and copy trading feature
- −An inactivity fee of $10 if account is inactive for 90 days
- −Customer support is not available 24/7
FXOpen - At a Glance
Trading Conditions
- Broker Type
- STP, ECN, NDD
- Minimum Deposit
- $1
- Maximum Leverage
- 1:500
- Spread Type
- Variable
- Spread From
- 0.0 pips
- Commission
- Basic ECN Account: $3.50 Classic ECN Account: $2.50 Advanced ECN Account: $1.80 Elite ECN: $1.50
- Decimal Pricing
- 5 decimals
- Minimum Lot Size
- 0.01
- Maximum Lot Size
- 1000
- Hedging
- Yes
- Scalping
- Yes
- Assets Offered
- Forex, CFDs
Account Types
- Demo Account
- Yes
- Swap Free Account
- Yes
- Managed Account
- Yes
- PAMM / MAM Trading
- Yes
- Joint Account
- Yes
- Social / Copy Trading
- No
- Bonuses
- No
- Contests
- Yes
Platforms & Tools
- Trading Platforms
- TickTrader Web Platform, TickTrader Mobile App, TradingView, MetaTrader 4, MetaTrader 5
- One Click Trading
- Yes
- OCO Orders
- Yes
- Trailing Stop Loss
- Yes
- API Access
- Yes
- VPS Hosting
- Yes
Company
- Regulation
- FCA (United Kingdom), ASIC (Australia), CySEC (Cyprus)
- Segregated Client Funds
- Yes
- Negative Balance Protection
- Yes
- Headquarters
- 80 Coleman Street, London, EC2R 5BJ, United Kingdom
- International Offices
- United Kingdom, Australia, Cyprus, Saint Kitts and Nevis
- Payment Methods
- Bank Transfer, Local Bank Transfer, Debit Card, Credit Card, Volet, Skrill, Neteller, AstroPay
- Account Currencies
- EUR, GBP, USD, CHF, IDR, THB, VND
- Languages
- English, French, German, Hungarian, Italian, Spanish, Turkish, Arabic, Chinese, Portuguese, Russian, Bahasa Inddonesia, Thai
- Customer Support
- Live Chat, Email, Telephone