FXOpen Review

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FXOpen were one of the first online brokers and remain one of the most established today. They are a regulated ECN broker offering some of the best possible trading conditions with low spreads, fast trade execution speeds and competitive commissions. Clients get access to user-friendly trading platforms for web, desktop and mobile devices. You can trade hundreds of instruments across multiple asset classes and choose from a range of convenient account funding options.

FXOpen Review, Pros & Cons
  • Minimum $1 deposit
  • Easy to use trading platforms
  • Large range of trading instruments
  • Tight spreads & low commissions
  • Various deposit/withdrawal options
  • Strict regulation
  • Electronic communication network (ECN)
  • Rapid execution speeds
  • Proprietary price aggregating technology
  • One Click Trading & Level2 Plugin
  • Multiple Cryptos
  • Free VPS
  • Helpful trading tools
  • No US clients
  • Limited educational material

In this detailed FXOpen review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.

FXOpen Overview

FXOpen is an established online trading broker founded by a group of traders in 2005. Since then they have grown to become one of the leading brokers across the globe with over 1 million accounts opened in more than 100 countries. They offer ECN liquidity for tight spreads and fast execution with low commissions across multiple instruments and markets including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies & CFDs.

FXOpen provides professional trading services to retail and institutional investors. These services include trading accounts, trading platforms, PAMM accounts, analytical tools and excellent customer service.

FXOpen uses a true electronic communication network (ECN) model via the popular MT4 & MT5 platforms. An ECN is a bridge that gives traders access to the interbank market through liquidity providers (LPs). With an ECN model, the counterparty to your trade is another market participant which could be a bank, fund or another trader.

FXOpen ECN Model Overview

FXOpen ECN Model Overview

FXOpen aggregate liquidity from multiple participants which can give clients institutional liquidity and instantaneous order execution. This can reduce spreads and slippage whilst providing plenty of liquidity at all times. Trading on an ECN model is usually popular amongst the more experienced traders and those who use a scalping strategy.

It is worth considering that the ECN model does use market execution which means that your order will be filled in the interbank market but execution price may differ from the price requested when you initially placed the order. All ECN participants have equal execution rights and transactions take place in a completely transparent environment. Each participant within the network can act as a liquidity provider.

FXOpen clients receive real-time quotes from the industry’s largest liquidity providers. The list of LPs include Dresdner, SG Paris, Standard Chartered, Barclays Capital, Bank of America, CRNX, JPMorgan, Morgan Stanley, Deutsche Bank AG, RBS, CITI, UBS, HOTSPOT INST, GOLDMAN & LavaFX.

Due to the many years of experience from the FXOpen team, they have a good understanding of what exactly traders want and can use this experience and knowledge to deliver the best possible solutions. They follow strict compliance whilst implementing the latest trading innovations and take a trader-oriented approach.

They were the first forex broker to offer ECN trading via the MetaTrader 4 (MT4) platform and use a unique proprietary price aggregating technology to ensure they offer some of the lowest spreads and commissions in the industry. In addition to this, they offer One Click Trading and a Level 2 MT4 plug-in, so traders can place trades with just one click.

FXOpen have a range of flexible trading accounts to choose from with support for implementing third party automated systems from myfxbook and Zulutrade. There is PAMM technology for money managers and followers. Sharia compliant swap free accounts are also available.

FXOpen Regulation

The FXOpen group has 3 related companies that are regulated in multiple jurisdictions.

FXOpen AU is regulated by the Australian Securities and Investments Commission (ASIC). ASIC is amongst the most respected regulators due to strict regulations that give protection to traders through its policies that companies such as FXOpen must comply with.

FXOpen publishes a Product Disclosure Statement and Financial Services Guide, which spells out exactly what customers are signing up for when they opt for FXOpen as their broker, including the risks involved.

FxOpen UK is authorised and regulated by the Financial Conduct Authority (FCA) in the United Kingdom. The FCA are another very well-respected regulator that aims to protect investors.

Having both ASIC & FCA regulation is a good sign when looking for a trusted broker. The UK company will have some restrictions on trading such as leverage capped at 1:30 due to the European Securities and Markets Authority (ESMA) rules.

FXOpen UK clients have protection from the Financial Services Compensation Scheme (FSCS). This is a compensation fund to protect eligible clients for up to £50,000 in the event FXOpen UK cannot return money due to bankruptcy or something else.

FXOpen Markets Limited is a legally registered entity located in Saint Kitts and Nevis, but is not regulated by any government agency.

FXOpen is also a member of The Financial Commission who are an independent self-regulatory organisation and external dispute resolution (EDR) body, that is dedicated specifically to Forex.

FXOpen has an execution quality certificate from Verify My Trade that compares 5,000 trades per month against a benchmark of other brokers and liquidity providers. They have satisfied and continue to maintain execution quality standards.

FXOpen Execution Verification Certificate

FXOpen Execution Verification Certificate

FXOpen state that protecting the confidential personal information of clients and partners is a key priority.

FXOpen Countries

FXOpen welcome clients from all over the world but do not provide services to United States residents due to strict US regulatory restrictions. Some FXOpen broker features and products mentioned within this FXOpen review may not be available to traders from specific countries due to legal restrictions.

FXOpen Platforms

FXOpen offer the world most popular award-winning trading platform which is MetaTrader 4 (MT4). More than 70% of online trading brokers offer MT4 to clients whilst around 90% of retail forex transactions are conducted through MT4. They also provide the newer MetaTrader 5 (MT5) platform which is similar to MT4 with a few added features. MetaTrader is freely available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet).

MetaTrader has a large online community where users of the platform share ideas and where you can download for free or purchase additional indicators and automated systems. You can also subscribe to trading signals from the MetaTrader marketplace which is built into the platform.

Furthermore, some traders use a virtual private server (VPS) to run the MetaTrader platform 24/7 which can be useful if it is not possible to always have your computer switched on and you would like to run an automated trading system.

MetaTrader 4

Developed by MetaQuotes in 2005, MT4 has since been the leading trading platform and will usually be sufficient enough for most traders of all experience levels. It is fully customisable and easy enough to use for beginners whilst having enough complex tools for the more advanced traders.

In 2009, FXOpen were amongst the first brokers to offer clients direct access to interbank liquidity with ECN trading through MT4. They now offer MT4 with advanced capabilities compared to the standard version, including the liquidity aggregator which combines the best prices from over 10 banks and liquidity providers (LPs) to ensure instantaneous and error-free order execution.

MT4 supports manual and automated trading. Multiple order and execution types are supported including market, pending, limit, stop loss, take profit, trailing stop, etc. You can download and use ready made expert advisors (EA’s) for automated trading or use the built in MetaEditor to create your own automated strategies in the MQL programming language. The strategy tester allows back testing of EAs over historical data.

Charts across all markets can be displayed in multiple timeframe as bars, candles or lines. There are some third-party solutions that will enable support for Renko charting in MT4. You can load any of the 50+ built in technical indicators for analysing charts and finding potential trade opportunities. You can download additional indicators or create your own custom indicators in the MetaEditor. Chart templates can be saved for easy access at a later date.

MT4 includes many other features such as a news calendar, real time quotes, history centre, one click trading and much more. It is easy to get started with MT4. You simply download the platform for free, install it, and login to your FXOpen trading account. There is a knowledge base on the FXOpen website that includes tutorials on how to use the MT4 platform.

FXOpen MetaTrader 4 (MT4)

FXOpen MetaTrader 4 (MT4)

MetaTrader 5

MT5 is a more powerful version of MT4 and was developed by Russian company MetaQuotes Software Corp. It has a very similar user-friendly interface to MT4 with a few additional functions to improve the overall trading experience. It is important to note that FXOpen only supports ECN accounts in MT5.

Some key features of MT5 include more order types for extra trading flexibility with depth of market, more timeframes and indicators for technical analysis, economical calendar and financial news to help forecast price movements, multi-currency strategy tester and more. There is a knowledge base on the FXOpen website that includes tutorials on how to use the MT5 platform.

FXOpen MetaTrader 5 (MT5)

FXOpen MetaTrader 5 (MT5)

MetaTrader Mobile Trading

MetaTrader 4 & 5 are available to install on your iOS or Android devices. This is useful if you would like full control over your account and to trade the markets on the go from anywhere at any time. The mobile versions contain many of the same features as the desktop platforms including placing orders, managing orders, interactive charts, account overview, push notifications, etc.

FXOpen MetaTrader Mobile

FXOpen MetaTrader Mobile

MetaTrader Web Trading

The web trader allows you to trade directly from your web browser without needing to install or run any additional software. All you need is an internet connection. MetaTrader 4 web trader has the familiar interface of the desktop MetaTrader 4 terminal and supports all modern web-browsers and operating systems including Windows, Mac OS and Linux.

The web trader has a very user-friendly interface and quick learning curve. You can open and close trades, set stop and entry levels, place and edit stop and limit orders, stop loss and take profit and more.

FXOpen MetaTrader Web Trader

FXOpen MetaTrader Web Trader

FXOpen Trading Tools

FXOpen have a few useful trading tools that can help to improve trading efficiency. These can be used to assist with money management and market analysis. There are tools offering precise calculations of pip value, margin, swaps, and commissions that can help plan your trading, estimate potential profits/risk and optimise your lot sizes.

One Click Trading & Level 2 Plugin

This plugin allows you to quickly place trades at the best price with a single click. The 5 levels of market depth show you the available volumes of liquidity for any currency pair. It supports market and pending orders with the ability to pre-set order size, take profit and stop loss. You can also view the market depth level 2 data and the volume-weighted average price (VWAP). There is a knowledge base on the FXOpen website that includes tutorials on how to use the One Click Trading & Level2 Plugin.

FXOpen One Click Trading & Level 2 Plugin

FXOpen One Click Trading & Level 2 Plugin

Margin & Pip Value Calculator

This easy-to-use risk management tool can help to calculate margin and pip value before opening a trade. It can also help you to decide on which leverage to use. It uses real time quotes and your accounts equity / leverage to determine calculations.

Currency Exchange Rates

The currency rates calculator can show you exact currency conversion rates which can be useful when depositing or transferring between FXOpen accounts. Historical rates are also available.

Commission Calculator

You can use the commission calculator to get instant commission calculations per half-turn or per round-turn for any FX currency pair or metal. You can specify the lot size you want to work out the commission for and click individual currency pairs for the detailed formulas behind the calculations.

Economic Calendar

There is an economic calendar on the FXOpen website that allows you to keep up to date with the latest market news. Each news release displays a volatility impact expected along with the actual, consensus and previous results. Knowing what news is approaching and the markets it may impact is often used as part of fundamental analysis.

FXOpen Live Economic Calendar

FXOpen Live Economic Calendar

Myfxbook AutoTrade

FXOpen offer mirror trading via the popular social trading website myfxbook.com. You can set your account to automatically copy the trading signals of other traders listed on myfxbook. When a trade is placed on the providers account, the MT4 terminal will send a signal to follower’s accounts to duplicate the trade.

There are thousands of providers and strategies to choose from with only those who have live accounts, 3 months of profit and a deposit of at least $1,000 being displayed. You can limit the lot size, number of trades, maximum drawdown and unsubscribe at any time. It is very important to note that past signal performance is by no means a guarantee of future performance.

FXOpen Myfxbook AutoTrade

FXOpen Myfxbook AutoTrade

ZuluTrade

ZuluTrade is an automatic trading platform that provides signals from other Forex traders that you can copy to your trading account. You can search and filter for signal providers based on your requirements. When you follow a signal provider, ZuluTrade will reproduce the provider’s trading strategy automatically in your MetaTrader account. To start using ZuluTrade, you need to provide your name and FXOpen account number. They will then send FXOpen a signed Letter of Direction (LOD), authorising ZuluTrade to perform automatic trading in your account. It is very important to note that past signal performance is by no means a guarantee of future performance.

FXOpen ZuluTrade

FXOpen ZuluTrade

Virtual Private Server (VPS)

A VPS allows you to run your MetaTrader platform 24/7 without needing your computer switched on. This is useful if you wish to keep expert advisors running and want to access your MT4 platform remotely from anywhere in the world with an internet connection. For increased speed the VPS’s are cross-connected to FXOpen servers.

FXOpen offer a free VPS to clients who maintain an equity of at least $5,000 or trade $10m in volume each month. A $30 fee to cover the cost of the VPS may be charged if a client does not meet the requirements but are using the free VPS.

FXOpen Free VPS

FXOpen Free VPS

FXOpen Education

Whilst FXOpen do not have a dedicated educational area, they do have help videos and a knowledge base that provides detailed information on a variety of topics such as trading platforms, trading accounts and an introduction to the markets.

Market News & Analysis

There are two sections on the FXOpen website that include frequently updated market news & analysis. They cover multiple markets with detailed write ups and explanations that are supported with clear chart annotations. These can be used to gain potential ideas for trading opportunities and to keep up to date with the latest market insights.

FXOpen Market Analysis GBPUSD

FXOpen Market Analysis GBPUSD

FXOpen Instruments

Whilst primarily being a forex broker, FXOpen offer trading instruments in multiple markets including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies & CFDs. Each trading account type has different instruments so ensure that the account you are considering offers the instruments that you wish to trade.

Forex Pairs

There is a very wide selection of 70+ FX currency pairs including majors such as the EURUSD & GBPUSD, minors and exotics.

Crypto Pairs

Cryptocurrencies such as Bitcoin, Litecoin and Ethereum have proved to be popular for speculators, due to their high volatility. Through FXOpen you can trade Bitcoin, Ethereum, Litecoin against the US Dollar, Euro or Russian Ruble, in the form of CFDs. They use top liquidity providers over an ECN to aggregate the liquidity together and hedge the risks of client’s exposure.

FXOpen have one of the largest selections of Crypto to trade including Bitcoin, Litecoin, Ethereum, Dash, Emercoin, Namecoin, Peercoin, Ripple, Monero, EOS, IOTA, NEO, OMNI.

Index CFDs

There are 13+ Indices based on large companies from specific sectors. Index CFDs include UK 100, Germany 30, US SPX 500, Wall Street 30, Europe 50, France 40, US Tech 100, Japan 225, Australia 200.

Metals & Energies

Precious metals based on gold and silver can be traded as can energies based on crude oil (WTI, Brent) and natural gas. These instruments are often considered safe havens and used to diversfy portfolios.

FXOpen Accounts & Fees

FXOpen have accounts designed to meet the needs of traders with different levels of experience and skills. You can choose the account type which better suits your trading style, investment, risk and portfolio. Demo accounts are available if you wish to practice your trading on different platforms before opening a real account.

FXOpen Trading Account Types

FXOpen Trading Account Types

Micro Account

The micro account is based on the market maker execution model and denominated in US cents. The minimum deposit is only $1 with 0.1 the minimum micro lot size and leverage of up to 1:500. This account does not have a commission charge but also offers the least number of tradable instruments compared to the others and will have higher spreads than the ECN account type. This account may be preferred by those looking to learn or test new strategies with minimal investment.

STP Account

The STP trading account has the benefits of ECN real market execution with a starting deposit of just $10, compared to $100 on the FXOpen ECN account. There is no commission charged on this account type although spreads will tend to be higher.

In STP (Straight Through Processing) accounts the broker’s trading commission is included into the spread. The STP spreads are variable and depend on the buy and sell orders available in FXOpen’s ECN.

The minimum lot size is 0.01 with flexible leverage of up to 1:500 available for accounts under $25,000. There are no limitations on trading styles with scalping, hedging and expert advisors welcome.

ECN Account

The ECN account is the most popular, offering the best prices, spreads and execution speeds with access to an interbank liquidity pool. An ECN model links different market participants including banks, centralized exchanges, brokers, companies and private investors. FXOpen’s price aggregating technology combines this liquidity to provide the best prices, real variable market spreads from just 0 pips and seamless order execution.

There is no dealing desk as your order is matched against an opposite order from another ECN participant and therefore there is no conflict of interest with FXOpen. This account has no limitations on trading styles allowing for scalping, news trading, automated high frequency trading (HFT), expert advisors and hedging.

The minimum deposit required is $100 with a minimum lot size of 0.01. Commissions start from just $1.5 per standard lot with flexible leverage of up to 1:500 offered. This account has the largest selection of trading instruments with over 70+ Forex & CFDs available.

Crypto Account

The FXOpen Crypto account offers 43 Crypto pairs including BTC, ETH, BCH, EOS, Ripple, Monero, ETC, LTC, etc. The minimum deposit is just $10 with a commission charge of 0.25% of transaction volume and floating spreads. The maximum leverage is 1:3 and minimum lot size 0.01. This would be the preferred option for those looking to focus on Crypto trading.

FXOpen Accounts Compared

FXOpen Accounts Compared

PAMM Accounts

FXOpen also offer PAMM (Percentage Allocation Master Module) accounts which enables clients (followers) to follow strategies of other traders (masters). The master trades their own funds through the PAMM whilst the PAMM technology allows the trading activity to be replicated on the follower’s accounts. Funds are allocated to a PAMM and are segregated so that they cannot be used for any purpose other than the PAMM.

PAMM accounts are beneficial for followers as they can benefit from the trading of another trader without needing to do the analysis and monitoring of positions themselves. PAMM accounts are beneficial for masters as they can trade funds larger than their own capital and receive a success fee if they are profitable.

The FXOpen website displays a list of all the PAMM accounts available to follow which can be filtered according to your own preferences such as gain, drawdown and trading days. It is very important to emphasis that the PAMM results are historical and there is absolutely no guarantee of future performance.

FXOpen PAMM Accounts Ratings

FXOpen PAMM Accounts Ratings

As broker fees can vary and change, there may be additional fees that are not listed in this FXOpen review. It is imperative to ensure that you check and understand all of the latest information before you open a FXOpen broker account for online trading.

FXOpen Support

FXOpen customer support is available 24/5 via online chat, telephone and email. Local phone numbers are offered in Russia, New Zealand, Germany, and France. Tickets to FXOpen’s sales, finance, trading desk and support departments are answered between 7am-16pm GMT on working days. Support are happy to answer your questions related to FXOpen’s products and services. There is a knowledge base on the website that covers many frequently asked questions.

FXOpen Deposit & Withdrawal

FXOpen have a good selection of deposit and withdrawal methods including online payment processors for fast and convenient transactions. Options include bank transfer, credit card, Skrill, Neteller and Bitcoin.

To add or withdraw funds you need to login to the My FXOpen personal area and choose your desired funding method, amount and account. You will then be redirected to the payment gateway selected for you to compete the transaction. Processing time may vary depending on the payment option. Most deposits made via electronic payment systems are added instantly, bank wire transfers may take 1-3 business days. Some fees may be charged when using certain payment methods.

Accounts can be opened in USD, AUD, CHF, EUR, GBP, JPY, RUB, SGD, Gold, mBTC. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.

FXOpen Account Opening

Registering an account at FXOpen is quick and easy. You simply complete the short online form and then verify your email address. You will then need to upload proof of identification (passport, driver license, etc) and proof of address (utility bill). Once the accounts team have completed KYC checks and verified your documents, your account will be approved and you can begin trading. Support are on hand to help you during the account opening process if need be.

FXOpen eWallet Registration

FXOpen eWallet Registration

FXOpen FAQ

What is the FXOpen minimum deposit?

FXOpen has a minimum deposit requirement of just $300. This means that you can deposit a modest amount to try out their trading platforms, products, and services. This is a very reasonable amount to get started, especially considering some brokers have a minimum deposit requirement that can reach the thousands. As with any broker, you should only trade with what you can afford, as each trader is different.

How do I deposit money into FXOpen?

To deposit funds, you need to log in to the My FXOpen personal area and choose your desired funding method, amount, and account. You will then be redirected to the payment gateway selected for you to complete the transaction. Processing time may vary depending on the payment option.

FXOpen has a selection of quick and easy funding options that helps make the deposit and withdrawal process as convenient as possible. Funds can be deposited using various payment methods, including bank wires, credit/debit cards, a range of local bank transfers, AstroPay, Redeem Codes, WebMoney, Perfect Money, QIWI Wallet, Yandex Money, FasaPay, and AirTM.

FXOpen cannot accept third party payments; all funds must be received directly from the named account hold

What are the FXOpen deposit fees?

FXOpen does not charge any deposit fees.

How do I withdraw money from FXOpen?

You can quickly and easily withdraw funds from your FXOpen account from within your client area using the same methods as you can to make deposits — bank transfer, credit/debit card, and various online payment processors.

The time taken to receive your withdrawal will depend on the method you used. Most withdrawal options take one business day, whereas international bank transfers can take between 2-5 days to clear.

What are the FXOpen withdrawal fees?

There are no withdrawal fees at FXOpen.

What is the FXOpen commission fee?

While there are no commissions with the STP account, a commission fee of $1.50 per lot is charged from the ECN account and a 0.5% half-turn in the Crypto account.

Are there any FXOpen inactivity fees?

Yes, suppose your account remains dormant for six [6] months from the point of last activity on your account. In that case, FXOpen reserve the right to charge a “Dormant Account Fee” of ten dollars [$10] per calendar month until such time activity restarts on the account or your account reaches a zero balance. At this time, the account will be closed, and you will be advised accordingly.

What are the FXOpen account types?

There are three account types available for UK customers: STP, ECN, and Crypto.

These trading accounts use market execution so you can trade with the security of knowing that there is no dealing desk, no requotes, and your trade will always be executed at the best available price.

Is there an FXOpen demo account?

Yes. The FXOpen demo account is free of charge, and it is not binding. It can give you a great way to practice trading online and familiarise yourself with the broker’s products and services. A demo account comes preloaded with virtual funds to trade risk-free until you feel confident enough to open a live account with the broker.

What are the FXOpen spreads?

The Spread is the difference between the Offer Price and the Bid Price for the same Market.

FXOpen offers low spreads from 0.0 pips.

What is the FXOpen leverage?

The broker offers leverage of up to 1:30 and 1:500 for professional clients.

What are the FXOpen margin & stop-out levels?

The margin at FXOpen is 100%, while the stop-out level is 50%.

Does FXOpen allow hedging, scalping & expert advisors?

FXOpen welcomes all trading strategies — hedging, scalping & expert advisors.

Is there an FXOpen Islamic account?

FXOpen offers swap-free Islamic accounts which are compliant with Sharia laws for Muslim traders.

On Islamic accounts, instead of a swap, traders are charged an additional commission for overnight positions. The additional commission is equal to the swap. The additional commission is charged on rollover and is shown on the account. Only ECN and STP accounts can be converted to Islamic Accounts. Crypto accounts are not able to be set to Islamic Accounts.

What are the FXOpen trading instruments?

The following trading instruments are available at FXOpen: forex, commodities, cryptocurrency, stocks, shares, indices, metals, energies & CFDs.

How do I open an FXOpen live account?

It is easy to open a live trading account with FXOpen: click on the “Live Account” button located at the top right corner of the FXOpen website and ensure to fill out the form appropriately. After you have filled in all the relevant information requested on the form and read the broker’s terms, conditions, and privacy policy, you can proceed to submit your information.

How do I verify my FXOpen account?

As a normal part of any brokers know your customer (KYC) process, newly registered traders must provide a confirmation of residence document. These include a valid utility bill dated to the last six months and proof of identity, such as a valid passport or another form of officially issued photo ID.

You can easily upload the required verification documents from your FXOpen account dashboard. It shouldn’t take long for them to verify your account, after which you will be free to make a deposit and start trading online.

What is the FXOpen trading platform?

FXOpen offers two free online trading platforms: MetaTrader 4 and MetaTrader 5. These are modern trading platforms that are replete with advanced trading tools to allow clients to trade multiple financial instruments with ease. These platforms are available in desktop, web, and mobile versions.

Where can I download the FXOpen platform?

You can freely access the web version of the MT4 and MT5 trading platforms from the broker’s website. The desktop platforms can be downloaded as desktop applications from the broker’s website, while the mobile apps can be downloaded from the relevant app stores via the broker’s website or by searching them on the app stores.

Where is FXOpen located?

FXOpen is located in the United Kingdom and Australia.

Is FXOpen regulated?

FXOpen UK is a trading name of FXOpen Ltd, a company registered in England and Wales under company number 07273392 and is authorized and regulated by the Financial Conduct Authority under FCA firm reference number 579202. FXOpen Australia is regulated by the Australian Securities and Investments Commission (ASIC)

What countries does FXOpen accept?

The broker’s services are not directed at residents of the United States, Belgium, or any particular country outside the UK. They are not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Is FXOpen a scam?

No, FXOpen is not a scam. They are strictly by the ASIC and FCA to offer secure brokerage services to a global clientele.

How can I contact FXOpen support?

You can contact the FXOpen support team through the following channels: telephone, email, Live Chat, and social media.

FXOpen Summary

FXOpen were one of the first online trading brokers, remaining one of the most established and well-known brokers today. They have strict regulation from some of the most respected authorities and incorporate advanced price aggregating technology that helps to ensure their ECN environment offers some of the best possible trading conditions including low spreads, fast trade execution speeds and competitive commissions.

Trading on the Forex market involves substantial risks, including complete possible loss of funds and other losses and is not suitable for all members. Clients should make an independent judgement as to whether trading is appropriate for them in the light of their financial condition, investment experience, risk tolerance and other factors.

Min $1 Deposit

FXOpen were one of the first online brokers & remain one of the most established today. They are a regulated ECN broker offering some of the best possible trading conditions with low spreads, fast trade execution & competitive commissions.

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