FXOpen is an established online trading broker which specialises in the forex, CFD, and cryptocurrency markets.
- Regulated in the UK & Australia
- Good instruments offering
- Different account types
- Limited educational tools
- The high minimum deposit for UK customers ($300)
FXOpen provides access to a wide range of markets and a variety of trading instruments. Regardless if you are a seasoned market player or just entering the forex trading business, FXOpen is open for you. Industry-leading companies and news media leaders have recognised the broker as being highly professional and flexible in their field.
FXOpen company has one of the most powerful and reliable trading platforms on the market. The founders have made it their priority to provide traders with high-quality service to achieve maximum profits. The brokers offer competitive spreads and costs and prioritise, giving the traders constant analysis and the latest economic information from major markets worldwide.
The TradingGuide team has done deeper research on the FXOpen trading platforms. We have studied trading platforms’ operations, trading tools, and thousands of reviews from active clients. The results of our work are below.
FXOpen – Who are They
FXOpen was founded and entered the international market in 2005. They wanted to create a universal financial trading environment where clients could benefit from professional tools, various platforms, extensive trading assets index, and a secure environment. Today FXOpen is one of the largest international online trading companies, and its platform is widely recognised as one of the most reliable and advanced trading solutions worldwide.
FXOpen provides trading instruments on several markets, including forex, commodities, cryptocurrency, stocks, shares, indices, metals, energies & CFDs. The broker offers different trading platforms with different trading account types. Each account has different instruments. So, be sure, it offers the instruments you will trade before choosing the account type.
FXOpen is the world-leading broker. They are proud to be the market leaders for their cutting-edge research and development, top-class platforms, and tools they provide to many of the world’s largest retail currency traders.
The FXOpen trading tools include:
- live interactive symbol charts with advanced tools for technical analysis (30+ indicators),
- real-time tracking of your account, assets, orders, and positions
- different types of alerts and notification methods, etc.
| Type | Fee |
| Minimum Deposit | from $10 (or the equivalent in another currency) |
| Deposit Fee | Depends on deposit method |
| Withdrawal Fee | Depends on withdrawal method |
| Inactivity Fee | $10 per month for accounts that have been dormant for 6 months |
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Our Opinion about FXOpen
FXOpen does not have a special field for educating newbies. However, trading platforms can access a knowledge base and useful videos to deeper study trading and market topics. Moreover, the broker invites beginners to try their hand at the FXOpen demo account to learn all the trading nuances. This is a great opportunity to gain knowledge by practising risk-free trading.
The broker is carefully regulated in Australia and the UK by the strictest ASIC and FCA regulators. This guarantees the security of working with FXOpen.
FXOpen also has a lot of positive reviews on Google Play and App Store. Users are satisfied with the convenience and benefits of working on trading platforms and praise the user-friendly and simple interface. At the same time, some comments show that the broker still has room for improvement.
FAQs
FXOpen is an online forex and CFD broker that was founded in 2005. The company is headquartered in the United Kingdom and has offices in several other countries globally, including Australia, Cyprus, and Russia.
FXOpen is a legitimate ECN/STP online broker with over 1 million registered traders. It is also licensed and regulated by multiple authorities, including the FCA, CySEC, etc. This proves that FXOpen operates according to various jurisdictions’ standards and secures users’ funds.
Absolutely. FXOpen is a reputable online broker that has been in business for over 15 years. The broker is highly encrypted and offers a range of financial instruments, including forex, shares, cryptocurrencies, and more. Traders also have access to various trading platforms, including the popular MT4 and MT5.
FX spread refers to the difference between the buy and sell prices of a currency pair. It represents the cost of trading and is typically expressed in pips. Spread can vary depending on market conditions, such as volatility and liquidity, as well as the broker’s pricing model. Some brokers offer fixed spreads, while others offer variable spreads that widen or narrow depending on market conditions.
To open an FXOpen account, visit the broker’s website and click the “Open Account” button. Then, fill out an online application form with your personal and financial information. Once your application has been approved and your account has been verified, you can fund your account and start trading.
FXOpen Review 2024 Details
✔ Intuitive trading interface
I am involved in forex since 2009. FXOpen is my first broker and I have learned a lot of things in their forum. FXOpen is one of the world's leading and fastest-growing Forex brokers!
It is the goal of any broker to create good trading conditions for their traders. In this article, we see that trading broker FXOpen takes care of traders and allows them to make a choice: Metatrader 4 and
Metatrader 5. This is good because many brokers can only provide MT4. Many people are mistaken when they think that MetaTrader 5 is an updated version of the previous platform, but here you can find the difference: MT4 is designed for trading in the foreign exchange market, MT5 is a universal product that works with both currencies and the stock exchange. With this trading broker, you can choose any trading platform depending on what you like to trade. If you prefer only currency pairs, then you need MetaTrader 4, and if you trade more stocks, then it is better for you to choose the MT5 trading platform.
It is the goal of any broker to create good trading conditions for their traders. In this article, we see that trading broker FXOpen takes care of traders and allows them to make a choice: Metatrader 4 and
Metatrader 5. This is good because many brokers can only provide MT4. Many people are mistaken when they think that MetaTrader 5 is an updated version of the previous platform, but here you can find the difference: MT4 is designed for trading in the foreign exchange market, MT5 is a universal product that works with both currencies and the stock exchange. With this trading broker, you can choose any trading platform depending on what you like to trade. If you prefer only currency pairs, then you need MetaTrader 4, and if you trade more stocks, then it is better for you to choose the MT5 trading platform.
I have used this broker for trading in the Gold and Oil in the ECN account.
My trading with them is profitable as the orders get executed very fast and thus the change in the rates gives me profits and i am able to close them without any requotes.
Thanks you FXOpen.
FXOpen is a credible as i am trading with them since 2 Years and 5 months and many of my trades were with good amount of profits.
All my withdrawals were done in same day.
I am trading with them since 9 months. Opened a ECN trading account mainly for trading in EURUSD, AUDUSD, SGDUSD and XAUUSD.
The spreads are very low and they have direct market liquidity with some Major Banks. Also during my trading i have never experienced any Re-quotes.
Also their starting deposits are low at just 100$ and their customer service is very prompt.
I've dealt with FXOpen over the past year and gained significant experience in trading their way. One of the essential features of this company is trading options and the diversity of accounts and contracts. They have STP and ECN accounts and many currency pairs that can be traded on the major currency pairs and secondary currency pairs through their digital trading currencies. They work throughout the week, i.e., you can exchange digital currencies at any time. The company has low spread, easy trading, and the availability of several platforms such as MetaTrader 4 and MetaTrader 5, and they also have their platform. Easy withdrawal and deposit and many methods of withdrawal and deposit.
I have been using fxopen UK for the past three years and I haven't had any problem with either deposit or withdrawal. Their customer service is not excellent but still. Platform quality is excellent. If you are an experienced trader and already know your way around MT4 and MT5 platforms then this broker is perfect for you.
fx open is a good honest broker. There is a good support service, and a good pip spread. Withdrawal money is also fast. I would recommend.
It is a good platform with easy registration, but sometimes funding and withdrawal is not easy. FxOpen has excellent support service and low spreads. I like it so much.
It is an awesome platform to trade. They have a very good support team which is polite and professional. But I think the transaction cost is too high.
Would you recommend this provider?
Fees
Account opening
Customer service
Deposit and withdrawal
Would you recommend this provider?
Fees
Account opening
Customer service
Deposit and withdrawal
Trading with this broker for past 2 years. The spreads are very low and also i can get easy withdrawals at the time I want.
I will recommend this broker to all the aspiring Forex traders around the world who want to trade with security and trust.
Would you recommend this provider?
Fees
Account opening
Customer service
Deposit and withdrawal
Would you recommend this provider?
Fees
Account opening
Customer service
Deposit and withdrawal
Would you recommend this provider?
Fees
Account opening
Customer service
Deposit and withdrawal