FXOpen Reviews and Comments

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I have been searching for a normal broker for a month according to several criteria. I've chosen FXOpen. Now it makes sense to keep funds in the account with several brokers. And not even in the bank, it is worth noting. Registered and replenished the deposit quickly. Well, then I decided to trade a little. I didn’t have to figure it out from scratch, the platform works fine. When choosing, I was guided by the ability to withdraw without a commission, I tried it, a couple of times I actually withdrew without a commission. The broker does not create difficulties with trading. It's up to you to decide which way to go. Beginners who trade here expect that the FXOpen broker will help in trading, and they seem to be really normal employees, but this is also an element of risk.
Warren 19 Jun 2023 Reply

I have been satisfied with the broker for six months now. I mainly trade currencies on the platform, but I also recently bought gold to diversify my portfolio. In a couple of months of trading, I withdrew more than 2k dollars of income, which I managed to earn on gold. The withdrawal of funds takes place without pitfalls, within 4 days I received my money. As for gold, now it fluctuates a lot in price.
Carlo 16 May 2023 Reply

FxOpen is a very strange office - they reject clients already at the registration stage. The first step is identification. The second step is address confirmation. The third step is a selfie through a video camera. If you have a desktop without a camera and no smartphone, you will not pass verification. In FxOpen, they simply declare documents invalid. Here is what they wrote to me: "... You need to indicate your full address in the text of the letter and attach a more recent identity card and a photo with it. Your rights were issued more than 15 years ago. We do not accept the national passport of the old sample of Ukraine, but you can upload a photo of an international passport or national ID card." This means that I have to risk my life (I'm 66, I'm at risk, any exit to the street can be fatal) either "lose" the license and retake for new ones, or refuse a valid paper passport and get an ID card, or get (I not required) passport. All three options require both repeated exits from the house with the risk of contracting COVID, and quite decent expenses. And all this I have to do just to be given the great honor of being allowed to trade with this broker. Looks like he's covered in honey. It is strange that the reviews of other brokers say otherwise. Or maybe something happened that I did not notice - two hundred brokerage houses were closed, only FxOpen remained?
Vasily 23 Mar 2021 Reply

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 Reply

why my withdraw is not process for last 2 days?
Mujiois 24 Feb 2022

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 Apr 2020 Reply

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 Apr 2020 Reply

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 Apr 2020 Reply

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 Apr 2020 Reply

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 Mar 2020 Reply

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 Mar 2020 Reply

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 Mar 2020 Reply

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 Mar 2020 Reply

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 Mar 2020 Reply

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 Feb 2020 Reply

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 Jan 2020 Reply

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 Dec 2019 Reply

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 Mar 2017 Reply

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 Aug 2016 Reply

If you are not perfect in forex trading, do not worry about it and invest in PAMM account of FX Open. This is not advertising, just I am happy to find a perfect broker finally. I am trading here in the ECN environment on PAMM account. Frankly speaking, I do not like the stop out level – it is rather high – 50 %, I’d prefer to have liquidation of the opened positions instead of stop out, but my trader is doing well and we manage to escape the consequences.
Besides, it is possible to change the leverage the broker provides. The trader should send a message with a desirable level of leverage and it could be reconsidered. Cool!
Ross5577 5 Jul 2016 Reply

is hereby licensed as an Australian Financial Services Licensee pursuant to section 913B of the Corporations Act 2001 subject to the conditions and restrictions which are prescribed, and to the conditions contained in this licence and attached schedules.
Jafar Calley 1 Dec 2011 Reply

FXOpen was just named Best Forex Broker Australasia 2011 at the World Finance Forex Awards. When accolades such as this are awarded to a company, it goes to chow which company is the best choice.
Jafar Calley 29 Jun 2011 Reply

fxopen is a very good ECN broker. I trade forex as part of an extensive portfolio so reliable trading is a must for me and this metatrader platform is steady as rocks.
Ahmed Aziz 11 Oct 2010 Reply

I am with fxfrench.com and I am scalper with ECN. They didn't have a real licence from the african island before so losing it is nulle :D Always paying me on the liberty reserve.
Jean Betons 4 Jul 2010 Reply

me too..with fxopen about 3years..i trust them..
izwan 2 Jul 2010 Reply

So, Jafar? Any news about regulation? Got rejected from Australia as well?
Lucky 18 Jun 2010 Reply

no way i wished to see fxopen in dark, no they don't give me any commission to post positive in various forum, they also didn't blown my money, they also didn't underestimate client like me who only trades in micro a/c just with 2 dollar deposit, no they didn't show excuses for withdrawal if i pressed withdrawal just once, so if some one thought fxopen and Mr. Jafar calley both came from heal to rob people on earth, then it's his/her headache who believes comments without proof. Now a days, Fxopen's service is really trustworthy, am not a fool by any means, am with them allmost from last 2years, and am really satisfied with their service.
cafedeart 2 Jun 2010 Reply

Jafar...your link leads nowhere...a bit like your broker. Australia? If you struggle to keep clean and regulated in Mauritius....how the hell you gonna survive in Aussie..."FXOpen...Forex with a bunch of cowboys" (no insult intended Texas).
To Lucky, I think he needs to work the voting for the rating on this site...then he will be fed and watered...yeeee haaaa!!
Scam 2 Jun 2010 Reply

Jafar, aka fxfrench.com, tell us the truth. Do they keep you chained without food and water and make you post in all forums an other sites? NO thread ever on the web left without you yelling in defense of fxopen. While googling fxopen reveals scam on the very 1st page. Are you ok? Should we call police to finally release you?
Lucky 1 Jun 2010 Reply

The weather is much nicer in Australia with ASIC keeping the rain away.
Jafar Calley 31 May 2010 Reply

To Jafar Calley.....looks like your FxOpen may now move to one of your unregulated countries...as they no longer have a licence and are no longer welcome in Mauritius....I understand Belize is nice this time of year....hehe.
Scam 28 May 2010 Reply

FXOpen

All accounts at FXOpen UK are ECN or STP accounts and use the ECN model. The ECN model gives traders access to the Interbank market where the counterparty to your trade is a liquidity provider such as a bank, fund, or another trader. There is no intervention from FXOpen, no dealing desk and no...

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