Skip to main content
Written by Adam Peters
Broker Analyst
Updated
FXOpen logo

FXOpen Forex Review 2026

Our Ratings
4.0
out of 5
Safety & Regulation4.1
Fees & Costs4.0
Markets & Products3.7
Platforms & Execution4.8
Deposit & Withdrawal3.6
Trading Tools & Research3.3
Account Opening4.8
Customer Service4.3
Education2.0
Key Facts
Regulation
FCA, CySEC
Broker Type
STP, ECN, NDD
Min. Deposit
$1
Platforms
TickTrader Web Platform, TickTrader Mobile App, TradingView, MetaTrader 4, MetaTrader 5
Negative Balance Protection
Yes
Max Leverage
1:30 (FCA), 1:30 (CySEC), 1:1000 (Nevis)
Demo Account
Yes
Spreads From
0.0 pips

75% of retail FX and CFD accounts lose money.

FXOpen - At a Glance

Company & Overview
Established
2005
Headquarters
3rd Floor Waverley House, 7-12 Noel Street, London W1F 8GQ, United Kingdom
International Offices
United Kingdom, Australia, Cyprus, Saint Kitts and Nevis
Publicly Traded
No
Broker Type
STP, ECN, NDD
Regulation
FCA (United Kingdom), CySEC (Cyprus)
Segregated Client Funds
Yes
Negative Balance Protection
Yes

Covered on the UK and EU licences, with losses capped at what you deposited. Professional clients get nothing. If FXOpen decides you abused the policy it can void your trades, close every account you hold and bar you from opening another.

Banking License
No
Languages
English, French, German, Hungarian, Italian, Spanish, Turkish, Arabic, Chinese, Portuguese, Russian, Bahasa Inddonesia, Thai
Customer Support
Live Chat, Email, Telephone
Customer Support Hours
24/5
Account Types
Demo Account
Yes
Swap Free Account
Yes
Joint Account
Yes
Corporate Account
No
Managed Account
Yes
PAMM / MAM Trading
Yes
Social / Copy Trading
No
Account Conditions
Minimum Deposit
$1
Payment Methods
Bank Transfer, Local Bank Transfer, Debit Card, Credit Card, Volet, Skrill, Neteller, AstroPay
Account Currencies
EUR, GBP, USD, CHF, IDR, THB, VND
Maximum Leverage
1:30 (FCA), 1:30 (CySEC), 1:1000 (Nevis)
Bonuses
No
Contests
Yes
Trading Conditions
Markets & Products
Forex, CFDs
Currency Pairs
50+ FX pairs
Minimum Lot Size
0.01
Maximum Lot Size
1000
Decimal Pricing
5 decimals
Order Types
Market, limit, stop and stop limit orders with stop loss, take profit and trailing stop. Level 2 market depth on ECN accounts. Hedging, scalping and expert advisors permitted.
Execution Type
ECN, no dealing desk
Margin Call Level
100%
Stop Out Level
50%
Hedging
Yes
Scalping
Yes
Fees & Costs
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
Overnight / Swap Fees
Yes
Deposit Fee
No
Withdrawal Fee
Varies

FXOpen charges no deposit fees but does charge on withdrawals, with the amount depending on the payment method. Third-party processing costs are passed on.

Currency Conversion Fee
Yes
Account Maintenance Fee
No
Inactivity Fee
Yes

USD 10 or GBP 10 per month after 90 days without activity. A disabled account costs USD 50 to reactivate.

Custody Fee
No
Platforms & Tools
Trading Platforms
TickTrader Web Platform, TickTrader Mobile App, TradingView, MetaTrader 4, MetaTrader 5
Mobile App
Yes
API Access
Yes
VPS Hosting
Yes
Automated Trading
Yes

How FXOpen's costs compare

Spread from (major pairs)0.0 pips
Catalogue median: 0.8 pips across 49 brokers · lower is cheaper
Minimum deposit$1
Catalogue median: $10 across 49 brokers · lower is more accessible

The marker is the median of every active broker we rate, computed from the same structured data as the reviews. Headline from-spreads are the broker's advertised best case; your account type and instrument change them.

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
Show 4 more
  • Supports TradingView, MT4, and MT5
  • No restrictions on trading strategies
  • Integrated PAMM trading feature
  • EA trading available

Cons

  • Narrow product offering
  • Limited educational 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 alternatives

Share this review