FXOpen Review
Updated regularly · Independent ratings
Overall Rating
3.8 / 5
Fees
4.3 / 5
Safety
4.5 / 5
Platforms
4.5 / 5
Education
2.0 / 5
Min. deposit
$1
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the risk of losing your money.
FXOpen — At a Glance
Full broker data from our database
| Minimum deposit | $1 |
| Broker type | STP, ECN, NDD |
| Spread type | Variable |
| Spreads from | 0.0 PIPS |
| Commission | Basic ECN Account: $3.50 Classic ECN Account: $2.50 Advanced ECN Account: $1.80 Elite ECN: $1.50 |
| Maximum leverage | 1:500 |
| Minimum lot size | 0.01 |
| Maximum lot size | 1000 |
| Decimal pricing | 5 decimals |
| Trading platforms | TickTrader Web Platform, TickTrader Mobile App, TradingView, MetaTrader 4, MetaTrader 5 |
| API access | Yes |
| VPS | Yes |
| Demo account | Yes |
| Segregated account | Yes |
| Swap-free account | Yes |
| Managed account | Yes |
| PAMM / MAM account | Yes |
| Joint account | Yes |
| Copy trading | No |
| Social trading | No |
| Account currencies | EUR, GBP, USD, CHF, IDR, THB, VND |
| One-click trading | Yes |
| OCO orders | Yes |
| Trailing stop loss | Yes |
| Hedging allowed | Yes |
| Scalping allowed | Yes |
| Interest on margin | No |
| Bonuses | No |
| Contests | Yes |
| Regulators | FCA (United Kingdom), ASIC (Australia), CySEC (Cyprus) |
| Headquarters | 80 Coleman Street, London, EC2R 5BJ, United Kingdom |
| International offices | United Kingdom, Australia, Cyprus, Saint Kitts and Nevis |
| Assets offered | Forex, CFDs |
| Payment methods | Bank Transfer, Local Bank Transfer, Debit Card, Credit Card, Volet, Skrill, Neteller, AstroPay |
| Languages | English, French, German, Hungarian, Italian, Spanish, Turkish, Arabic, Chinese, Portuguese, Russian, Bahasa Inddonesia, Thai |
| Customer support | Live Chat, Email, Telephone |
| Contact email | support@fxopen.com |
| Minimum deposit | $1 | Social trading | No |
| Broker type | STP, ECN, NDD | Account currencies | EUR, GBP, USD, CHF, IDR, THB, VND |
| Spread type | Variable | One-click trading | Yes |
| Spreads from | 0.0 PIPS | OCO orders | Yes |
| Commission | Basic ECN Account: $3.50 Classic ECN Account: $2.50 Advanced ECN Account: $1.80 Elite ECN: $1.50 | Trailing stop loss | Yes |
| Maximum leverage | 1:500 | Hedging allowed | Yes |
| Minimum lot size | 0.01 | Scalping allowed | Yes |
| Maximum lot size | 1000 | Interest on margin | No |
| Decimal pricing | 5 decimals | Bonuses | No |
| Trading platforms | TickTrader Web Platform, TickTrader Mobile App, TradingView, MetaTrader 4, MetaTrader 5 | Contests | Yes |
| API access | Yes | Regulators | FCA (United Kingdom), ASIC (Australia), CySEC (Cyprus) |
| VPS | Yes | Headquarters | 80 Coleman Street, London, EC2R 5BJ, United Kingdom |
| Demo account | Yes | International offices | United Kingdom, Australia, Cyprus, Saint Kitts and Nevis |
| Segregated account | Yes | Assets offered | Forex, CFDs |
| Swap-free account | Yes | Payment methods | Bank Transfer, Local Bank Transfer, Debit Card, Credit Card, Volet, Skrill, Neteller, AstroPay |
| Managed account | Yes | Languages | English, French, German, Hungarian, Italian, Spanish, Turkish, Arabic, Chinese, Portuguese, Russian, Bahasa Inddonesia, Thai |
| PAMM / MAM account | Yes | Customer support | Live Chat, Email, Telephone |
| Joint account | Yes | Contact email | support@fxopen.com |
| Copy trading | No |
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