FXOpen — Forex Broker Rating and Review 2020

FXOpenFXOpen website
Status
Regulation FCA, ASIC, The Financial Commission
Trading software MetaTrader 4, MetaTrader 5, WebTrader
Headquartered London, Sidney, Charlestown (Nevis)

FXOpen is a Forex and Cryptocurrency Broker, founded in 2005 by a group of traders. With over a decade of experience, the company has gained an excellent reputation of a major Forex brokerage company that continues to expand rapidly. Today, the broker is present over the globe with entities registered locally in London, Perth and in Saint Kitts and Nevis. The broker is regulated in all jurisdictions it operates from, including the Financial Conduct Authority (FCA) in the UK and Australian Securities and Investments Commission (ASIC). FXOpen is also an approved member of the Financial Commission - an independent organization which specializes in regulating disputes between brokers and traders working on the Forex market.

FXOpen offers MT4 and MT5 Forex trading with a wide range of trading instruments: 100+ FX, CFDs, Indices and Cryptocurrency pairs (43). The broker also provides its own PAMM technology allowing clients to benefit from the strategies of experienced traders with a proven track record of successful trading and guarantees automatic distribution of profit and loss between the strategy provider and the strategy followers. The company also welcomes Islamic traders and lets them take advantage of Forex trading without violating Sharia law by offering them SWAP free accounts.

Traders using FXOpen are offered the choice between several types of trading accounts: Micro, STP, ECN and Crypto with minimum deposit requirements ranging from 1 USD for the Micro account to 100 USD for the ECN account. This offers traders the opportunity to specialize their trading aims within the correct account.

FXOpen guarantees excellent customer support, strict compliance with all trading terms and conditions and reliability, backed up by the latest state-of-the-art technology.

FXOpen trading information

WWW https://www.fxopen.co.uk/, https://www.fxopen.com.au/, https://pamm.fxopen.com/, https://analytics.fxopen.com/, https://fxopenaffiliate.com/, https://landing.fxopen.com/crypto/
Address Springates East, Government Road, Charlestown, Nevis
Headquarters London, Sidney, Charlestown (Nevis)
Free phone +64-9-801-0123; +49-693-329-6294; +33-979-998-040
24 hour support
Partnership programs
Trust management
Expert advisors
Free education
Bonuses, Promotions
Mobile trading
Automated trading
Daily analysis
24 hour trading
Hedging
PAMM
Digits after the dot in quotes 5
Minimum position size 0.01
Pip spread on majors 2-5
Spread Type variable
Maximum Leverage 500
ECN, $ 100
STP, $ 10
Standard account, $ 10
Micro account, $ 1
Popular payment methods Credit Cards, Bitcoin, Wire Transfer, SEPA Transfer, China Union Pay, Neteller, Scrill, Perfect Money
Account currencies USD, AUD, CHF, EUR, GBP, JPY, RUB, SGD, Gold, Bitcoin (mBTC), Litecoin (LTC), Ethereum (ETH), Dash
Available assets Metals, Oil, Gas, Indexes, CFDs, Bitcoin, Cryptocurrencies
Languages English, Spanish, Italian, German, Portuguese, Indonesia, Malay, Russian, Ukranian, French, Turkish, Arabic, Farsi, Thai, Chinese
Platforms MetaTrader 4, MetaTrader 5, WebTrader
Broker type Broker, ECN, STP
Regulation FCA, ASIC, FC
Foundation 2003
Copy Trading Brokers
Bitcoin Forex Brokers

With FXOpen I finally understood what distinguishes the normal brokerage from a cheater. Now I understand that constant slippages on every stop loss is not normal. Now I know that slippages can really happen but only when the markets get wild, not on every trade. I also finally understood that regulations really matter. I think that FCA and other authorities really keep their eye on what broker is doing. I can't explain otherwise the fact that I always suspected my other broker in quotes manipulations and I've never had similar suspicions about FXOpen. Highly recommend the company!

Samuel   24 March, 2020  

I am trading with FXOpen for the last 4 years and am very happy with the broker. I recommend FXOpen to all novice traders because Forex trading is not easy, but this company has made it easy for me, something I really appreciate.

Sam   17 March, 2020  

I don't think there can be a good broker with no regulator's supervision. Brokerage services bring lots of money to thier owners so there is no single reason why part of these money can't be spent to obtain all the necessary licenses and pay all the fees. I chose FXOpen because from the very beginning they've chosen to do a legitimate business complying with all the rules and regulatioons in evry country they do business at. I am completely sure that such honesty is 100% necessary for a reliable partner to have. Why would anyone think broker will avoid regulator and government but be honest with its clinet. Its rediculous. Surely they won't. My strategy woked for me. I'm completely satisfied with trading conditions at FXOpen and totally recommend every forex and CFD trader trying it.

Fredd   12 March, 2020  

I have been trading with this company since March 2019. Already six times made small withdrawals. I like the terms of trade. Several times I contacted technical support for advice. The guys quickly told everything and answered questions. I like that broker has MT4 and MT5 platforms. There are no reasons to change the company. I will trade here further.

Alex   12 March, 2020  

Company has many regulations to provide security for traders from all around the world. That doesn't affect your trading, you just have more security, so why not?

TradeWisely   10 March, 2020  

I also don't know why they so love regulations, I simply don't like regulators, as they work not for trader, but for themselves. However, regulations build up an image of broker and prove that broker is 100% reliable. Each national jurisdiction requires broker to have national regulation in case if brokerage wants to work there. As I know, FXOpen has 3 regulations - FCA, ASIC, The Financial Commission. I rechecked everything. I just went to the FXOpen website and it was info about all regulations with proofs, I intently checked everything and yes, all regulations are 100% real and can be found in the official sources.

Sandy   4 February, 2020  

Glad to hear executions are fine here. I've faced significant losses before due to slippage and transferring to the other brokerage I don't wanna face this experience ever again. See, impatience is not the only way to drain the deposit. If FXOpen has got fast executions, I'm ready to try as the company's history really builds up some trust!

Jerry   6 January, 2020  

The matter is that each country and it's government has own set of rules and requirements for brokers to perform thier operations on the territory of such a country. For this reason brokers often have to register with numerous regulators if they wanna go international but still comply with each country's individual requiremnts. So FCA is for working in the Great Britain, ASIC in Australia, Financial Commission is for European countries, etc. This is rather easy to see if the licenses are real. Simply check with the official regulator's lists. They can be easily found on regulators websites.

NeoBeum   10 December, 2019  

Thanks to all contributors on this forum for real comments on fxopen. It has played a crucial role in my decision to open account in FXopen. For 2 months of demo and 3 months of real trading I can make you sure that all said about this company is true. Many thanks to all of you.

Georgiy   29 March, 2017  

Company accepts many types of payments so it doesn't make any problems whether I deposit or withdraw funds. Good start for small traders with limited capital. As well as I did, anyone can open account with $1 from wherever you are. In my case, this is from Spain and I had no issues in processing docs not in English. In addition, trading is comfortable even on small accounts. High leverage allows to trade with much bigger volumes. It is 1:500, which is perfect and beneficial to trade with 50 bucks on balance.

Berlliss   23 August, 2016  

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Reviews Rating FXOpen - 5

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