Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Basic information from FXOpen review
About the broker
| Web: | https://www.fxopen.com/en/ |
| License: | ASIC FCA |
| Supported languages: | English, German, Spanish, French, Italian, Portuguese and Russian |
| Year of foundation: | 2005 |
| Holder: | FXOpen Markets Limited |
| Headquarters: | Level 25 108 St Georges Terrace Perth WA 6000, Australia |
| Methods of contacting customer support: | E-mail, phone, online chat |
| Contact: | sales@fxopen.com (+61) 8 6557 8587 |
| Deposit methods: | Bank transfer, Debit and Credit Cards, Yandex Money, ePayments, Paytoday, Paysafecard, WebMoney, Neteller, Skrill, QIWI Wallet, Perfect Money, FasaPay |
| Withdrawal methods: | Most likely the same as deposit methods |
About trading with FXOpen
| Minimum deposit: | 100 USD |
| Min. trade: | 0.01 |
| Spreads: | Look at the spread table - spread on the currency pair EUR/USD is 1.0 pips * on a standard account type |
Underlying assets: Might be a CFD. | Forex (95), commodities (5), indexes (12), cryptocurrencies (3) |
| Demo account: |  |
| Mobile app: | |
| MetaTrader 4: | |
| Other trading platforms: | MetaTrader 5 |
| Social trading: |  |
Spreads & fees
Fees of most brokers change relatively often and unfortunately it is not in our possibilities to keep up-to-date information about fees at FXOpen, of course you can find current info on their website https://www.fxopen.com/en/.
Spreads at FXOpen on standard account*
| EUR/USD | GBP/USD | USD/JPY | EUR/GBP | USD/CHF | EUR/JPY |
|---|---|---|---|---|---|
| 1.0 |
* Spread was taken 31.05.2019 at 14:17 from the web or trading platform of FXOpen.
Random reviews of competing CFD brokers: LCG, TradersWay, WesternFX and AlchemyMarkets
Frequently Asked Questions
🧐 Is FXOpen a scam?
We highly recommend you to read the user reviews on our website before you start trading with this brokerage company. It will help you to determine if FXOpen is a scam or not.
🆓 How to open a free demo account?
Opening a demo account with FXOpen is very simple, just register on their website.
📱 Does FXOpen offer the best mobile app for trading?
FXOpen offers a mobile trading app and you can definitely start trading with it. It is very difficult and subjective to determine if they feature the best mobile platform. However, you are welcome to test it yourself.
We compared some reputable brokers and their mobile trading apps, check out the comparison and be saved from the hassle of testing the FXOpen mobile app.
⚖️ Would you recommend me FXOpen?
FXOpen is one of tens (possibly hundreds) of brokers operating in the United Kingdom and Australia, and that's why it makes no sense to choose FXOpen as a broker where you trade before you compare it with competitors.
We operate our website in full transparency, we recommend reliable brokers with an excellent reputation and we honestly admit to you that we receive commissions for that from these brokers. You can find the mentioned brokers in the table below with a clickable link to their site. You don't pay anything extra, you get a reliable business partner and you help us keep the website up and running. Thank you.
| Broker | English | Min. deposit | Spread EUR/USD* | Platforms | License | |
|---|---|---|---|---|---|---|
 | | 100 USD | 1.0 pips Spread was taken 15.11.2024 at 11:12 from the web or trading platform of Etoro. | In-house built platform | FCAASICCySec | etoro.comreview EUR/USD*: 1.0 pips Spread was taken 15.11.2024 at 11:12 from the web or trading platform of Etoro. |
 | | 0 | 0.9 pips Spread was taken 15.11.2024 at 11:12 from the web or trading platform of XTB. | In-house built platform | FCA CySec | xtb.comreview EUR/USD*: 0.9 pips Spread was taken 15.11.2024 at 11:12 from the web or trading platform of XTB. 74% of retail investor accounts lose money when trading CFDs with this provider |
 | | 100 USD | 0.8 pips Spread was taken 15.11.2024 at 11:12 from the web or trading platform of Plus500. | In-house built CFD platform | FCAASICCySec | plus500.comreview EUR/USD*: 0.8 pips Spread was taken 15.11.2024 at 11:12 from the web or trading platform of Plus500. 80% of retail investor accounts lose money when trading CFDs with this provider |
* The spread is variable for most brokers and changes depending on market volatility.
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Comparing spreads, fees, trading platforms, regulations and reading dozens of user reviews of all popular FX and CFD brokers is very time-consuming for every trader. That is why we have done all this hard work for you so you could already only start trading with a company that features a quick modern trading platform, a large variety of assets and a quick customer service. From our comparisons, all these criteria are met by Etoro 51% of retail investor accounts lose money when trading CFDs with this provider - advertising partner.
That is why it is important to choose the right one. Choosing the right broker often stands between profit and loss. Don't you know how to choose? We have prepared an independent article for you, which will help you with your broker selection. You will get to know, what factors are important to watch out for when you are choosing a forex/CFD broker.
If you have any experience with FXOpen, please share it in the comments to help others to choose the suitable broker.
In these years I used different trading strategy that suits my market requirements. However, they don’t provide market analysis for scalpers. FXOpen please do this. One of the important factors that we have to consider when trading in the forex market is the leverage.
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Normal broker. However, it is gradually moving away from microtrading. On the plus side, it is really regulated and fulfills the requirements of regulators.
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Overall, my experience with FXOpen has been positive. They’ve got the essentials covered. reliable platforms, competitive pricing, regulatory compliance, and responsive support. Of course, trading always carries risks, but with FXOpen, I feel like I’m in good hands.
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I have not studied the topic of brokers too much. It so happened that back in 2009 this broker became my main and then the only one. In principle, this service is enough for me. All I need in my case is to trade profitably, the broker fulfills its part.
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Becoming a professional trader really requires a process and I started by choosing FXOpen UK because this broker is regulated by the FCA which is definitely more comfortable and relaxed in trading because the FCA is a top tier regulation agency
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FXOpen is an ECN broker that is regulated in the UK, AU, and Europe by FCA, ASIC, and Cysec. I joined this broker about three or four years ago and so far their service has been good, spreads are low starting from zero, and scalping trading is okay because it supports reliable execution speed, and smooth withdrawals, recently I have been using the Ticktrader platform which is designed for ECN brokers.
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I started trading with FXOpen in the Year 2018 and using the TickTrader trading platform.
They have Inter Bank pricing Model which is connected to Tier 1 Banks Liquidity pools.
Opening and Closing the trades is very Fast and Accurate.
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FXOpen is a very good broker.
If you are looking for a Reliable and Trustworthy Forex broker then trade with FXOpen.
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As a trader with FXOpen from the past 3 years I can say that it is a reliable ECN Forex broker and it allows me to do trades in the Inter-Bank markets directly thus I can see when i want to trade and my income has increased just because of their ECN trading technology.
I am also using their Technical Analysis which helps me in deciding which trades can give me more profits.
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After trading with 4 years I am writing my feedback about this broker.
They are regulated and offer ECN trading in which the spreads are low so we can easily do our trading with a good profit margin.
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FXOpen offers lowest ECN spreads and very Fast execution speeds in the ECN account.
I am trading with them from 4 years.
I can do trading at any time of the day with them.
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I joined FXOpen in 2017 and already completed 5 years of trading with them. They provide me with direct ECN trading which lets me do trades with ease and most of my trades are now profitable due to good timing in the markets.
I am getting analytical updates from them which helps me in deciding about the trends and check them before opening my orders. This broker is very helpful and profitable for me.
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With ECN trading a primary concern is the amount of liquidity that is available with them. FXOpen is connected with Level 1 liquidity providers so the order execution is the best.
I have trading experience with this broker and its market execution of orders is excellent along with very low spreads in currency and metals.
As i prefer to do scalping this broker is best suited to me and i did not face any problem in dealing with them since 2 years.
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FXOpen offers ECN trading and using their trading accounts i have made profits as i can do my trading easily with them.
The best advantage of trading with them is of lower spreads in many currency pairs.
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Most of the times markets have very high spreads but when i started trading in ECN account of FXOpen i was happy to see very low spreads.
This led me to choose this broker over others who were having Higher spreads for the same pair of currencies.
I have had 2 years of Positive trading experience with them and two of my friends also joined them after they saw my trading results.
In my Deposits i am using the Bitcoin option as this is the most convenient and i can get my Deposit in my trading account on time.
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I like the spreads in FXOpen Broker as they are very low and my trading is also giving me more profits now.
It is always better to wait for the news release before doing your trading so that you can get more profits.
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I choose to do my Forex trading with FXOpen.
I ‘ve been trading for several years now so i know that when choosing a broker what is more important for me is that it should be reliable and to use any kind of trading system without any problems.
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I am trading with a group of traders here and we all use FXOpen ECN trading account as it has the low spreads and also the liquidity is available all the time. We are also using Myfxbook and auto trading with FXOpen now.
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Forex Trading always involves more market liquidity and timings. Since i am mostly doing my trades in the CFD and Metals i was looking for a broker with good execution speeds.
I have done trading with many brokers but not all have given me this kind of execution speeds.
I am happy to do my trades with FXOpen since 3 years 9 months now.
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This is the leading Forex broker of the Europe and has many of the advantages which is why i am doing my FX trading with them. They have a very efficient customer support department which helps us in the trading and we do not face any problems. I will recommend this broker for all the traders.
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