FXOpen
FXOpen Review
Author bio.
Stéphane has worked in financial services since 2005, within capital markets and investment banking. He graduated from the London School of Economics and HEC Paris.
Updated on: 17 November, 2020
Awards- High-quality order execution, 2018 - VerifyMyTrade
- Best Forex Broker Australia, 2011 - World Finance
- Best Trading Platform, 2010 - Falcon Award
Pros- Leverage up to 1:500.
- Trade on MetaTrader 4, 5 or TickTrader.
- All trading strategies allowed (ECN account).
- Account base currencies: USD, AUD, CHF, EUR, GBP, JPY, RUB, SGD, mBTC.
Cons- Withdrawal fees between 2.5% and 8.25% (depending on your deposit method), if you request a withdrawal before meeting minimum notional trading volume requirements.
- FXOpen is only regulated in Nevis.
2 Accounts
STP Account [MT4]
- Trade 50 currency pairs, gold and silver on MT4 with this STP account. Suitable for scalping, hedging, phone dealing and all EAs.
- $ 10 Minimum deposit
- 1:500 Leverage (EUR/USD) ?
- 1.3 Pips (EUR/USD)
- $ 0 Commission / lot
- More ▼
- Open account ▷
ECN Account [MT4]
- Trade 49 currency pairs, gold and silver on MT4 from 0 pips with this ECN account. Enjoy low commissions from US$ 1.8 and leverage up to 1:500.
- $ 100 Minimum deposit
- 1:500 Leverage (EUR/USD) ?
- 0.1 Pips (EUR/USD)
- $ 1.5 Commission / lot
- More ▼
- Open account ▷
3 Offers
Important: please visit the broker's website for their terms and conditions.
Get a $1 Welcome Bonus when you open a Micro account and make a deposit. You can withdraw your bonus after trading 100 microlots.
Open an STP account with FXOpen to claim your no deposit bonus. The bonus cannot be withdrawn; however, you may withdraw profits after trading more than 2 lots.
Open a demo ECN trading account with FXOpen for a chance to win over US$ 10,000 in real money every month. You may withdraw your prize or apply it towards a live account.
Markets
FXOpen (FXOpen.com) provides two execution formats:
- Its ECN account allows you to trade up to 49 currency pairs, gold and silver from 0 pips on leverage up to 1:500. Commissions fall to $1.8 per lot for net deposits over $50,000, and just $2.5 per lot otherwise. This accounts supports all trading strategies and Expert Advisors including scalping, news trading and automated trading.FXOpen works with over 14 liquidity providers including Bank of America, Barclays Capital, Citi, Currenex, Deutsche Bank, Dresdner, HOTSPOT INST, JPMorgan, LavaFX, Morgan Stanley, Societe Generale, Standard Chartered, RBS, UBS and others.
- In addition, FXOpen offers Micro and Standard accounts with initial deposits as low as $1. These accounts allow you to trade up to 28 currency pairs on fixed spreads and small minimum trade sizes. FXOpen acts as a market maker across these accounts.
- Asset classes
- Forex (CFD)
- Cryptos (CFD)
- Stocks (CFD)
- Indices (CFD)
- Metals (CFD)
- Energy (CFD)
- Asset classes (#)
- Forex (CFD)51
- Cryptos (CFD)43
- Stocks (CFD)100
- Indices (CFD)10
- Metals (CFD)2
- Energy (CFD)3
Trading platforms
- Trading platforms
- MetaTrader 4
- MetaTrader 5
- cTrader
- Currenex
- Copy trading
- Mirror trading
- Other platformsTickTrader
- Operating systems
- Web trader
- Android
- iOS
Account funding
Note: payment methods depend on the entity with which you open an account, as well as your country of residence. Please visit the company's website for all payment methods.
- Deposits and withdrawals
- Bank transfer
- Credit card
- Debit card
- Bitcoin
- DixiPay
- FasaPay
- Perfect Money
- QIWI Wallet
- Skrill
- SorexPay
- WebMoney
- Yandex.Money
- Account base currencies
- AUD - Australian Dollar
- CHF - Swiss Franc
- EUR - Euro
- GBP - British Pound
- JPY - Japanese Yen
- RUB - Russian Rouble
- SGD - Singapore Dollar
- USD - U.S. Dollar
Regulators
FXOpen (FXOpen.com) is headquartered in Auckland, New Zealand, and regulated by the UK's FCA and Australia's ASIC. Client funds are held in segregated accounts.
- Company information
- Company nameFXOpen NZ Limited
- Head officeAuckland, New Zealand
- Incorporation date2005
- Regulators
- AustraliaAFSL No. 412871
- NevisNevis No. C 42235
- UKFCA No. 579202
Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 66-89% 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 high risk of losing your money.
Disclaimer: TrustedBrokers.com does not accept deposits, advise on investments, deal in investments (as agent or principal) or arrange deals in investments. Information published on this website and in our external communications is factual and for information purposes only. It does not constitute financial advice under the Financial Services and Markets Act 2000.
