FXOpen — Forex Broker Rating and Review 2020

FXOpenhttps://www.fxopen.co.uk/
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

I like to do my trading with the FxOpen Broker as the ECN spreads in this broker are very low and my trading is also giving me more profits now. It is always better to wait for the news before doing your trading so that you can get more profits.

Harsh Nayar   31 May, 2020  

I had an interest in trading a few years ago, but I could not dare to start in reality with real capital for a very long time, doubting that I would succeed. But then the interest won, and I decided to try it. I chose this company on the feedback forum. Now I am at the testing stage, because I constantly have new questions and difficulties. So far, the profit margins are small, but I think that everything is ahead. If there are any recommendations for a newcomer, I will be glad to hear.

Alex   27 April, 2020  

Their mobile app is very user-friendly and I can trade anywhere with it. It's better than other brokers' app. No technical issue so far.

Laslo   22 April, 2020  

I'm a beginner with Forex trading and need support to operate all the time. So, for me, their chat online is very useful. It is slow sometimes, but at the end of the day I have some level of support for my operations. It is easy.

Sam   21 April, 2020  

I have no experience in trading, but I have learned the basics and just recently I made a withdrawal and it came through to my bank account. Learn forex it's not easy but once you get to know the basics of trading I don't see why you should fail.

Dan   20 April, 2020  

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  

All Reviews & Comments
FXOpen Rating and Review

FXOpen Rating

0 %   0 %


FXOpen Reviews Rating

Reviews Rating FXOpen - 3

Reviews & Comments

Top 10 Forex Brokers 2020

200+ Forex Brokers
All Forex Reviews
FXOpen
17 Jun, 2020   Spreads for major currency pairs decreased

As high market volatility continues, opportunities for profit are opening up. In addition, FXOpen continues to improve trading conditions for its clients...

Forex brokers news
FXOpen
8 Jun, 2020   FXOpen improves trading conditions on ECN accounts

FXOpen broker is pleased to announce a reduction in commissions on MT4 and MT5 ECN accounts. Now the half-turn commission is $3.5 per lot for deposits...

Forex brokers news
FXOpen
3 Jun, 2020   FXOpen Launches AstroPay Payments

FXOpen is delighted to announce a brand new, cutting-edge payment method for our clients, via AstroPay Card. AstroPay Card is a virtual prepaid card accepted...

Forex brokers news
FXOpen
1 Jun, 2020   Win up to $5000 in "Money Managers" contest for PAMM accounts

FXOpen and ForexCup are launching "Money Managers", a competition on real PAMM accounts, and inviting traders to take part...

Promotions, bonuses
FXOpen
8 May, 2020   Results of the "Money Managers" Forex Contest

"Money Managers" - a Forex contest on real PAMM accounts - ended on April 30th, 2020. We congratulate the winners and wish them further success in trading! The money...

Promotions, bonuses
FXOpen
5 May, 2020   FXOpen Margin Requirements for Currency Pairs

You may recall that on March 17, FXOpen increased margin requirements by up to 5 times their normal level for currency pairs, indices, metals and commodities...

Forex brokers news
FXOpen
30 Apr, 2020   Important Oil Market Update

Due to the unprecedented global situation and increased market volatility we need to inform you of some important changes to our Oil markets (US Crude XTIUSD and UK Brent XBRUSD)...

Forex brokers news
FXOpen
28 Apr, 2020   FXOpen Forex School: free educational contest

On May 4, 2020 FXOpen broker launches a free educational contest on demo accounts "Forex School". Everyone can participate in the competition...

Promotions, bonuses