- What is FXOpen?
- FXOpen Pros and Cons
- Is FXOpen Safe or a Scam?
- Leverage
- Accounts
- Instruments
- Fees
- Spreads
- Deposits and Withdrawals
- Platforms
- Support
- Education
- Conclusion
Our Review Method
- 55Brokers Financial Experts with over 10 years of experience in Forex Trading check all trading offerings, fees, and platforms, verified regulations, contacted customer service, and placed traders to see trading conditions and give expert opinions about FXOpen.
What is FXOpen?
The FXOpen firm was founded as an educational center offering courses on technical analyses and financial markets, yet in 2005 became a Forex brokerage company with an aim to satisfy the growing need for fair and transparent trading conditions. FXOpen was among first Forex broker to offer its clients ECN trading via the Meta Trader4 terminal, along with FXOpen’s proprietary price aggregating technology which you can benefit from the industry’s most competitive spreads and low trading commissions.
Therefore, the broker committed to continuous development, while constantly adding on additional markets and expanding their offerings even more. Currently, the broker is a trusted partner to more than 1,000,000 customers from around 100 countries, and their services and technology, as well as the working environment, recognized many times.
What Type of Broker is FXOpen?
Based on our findings, FXOpen is a leading Forex broker offering its clients ECN/STP trading opportunities. The broker provides over 600 trading instruments including Forex, indices, shares, commodities, and cryptocurrencies.
FXOpen Pros and Cons
FXOpen is a regulated broker with low risk, good technology, and platform selection, the minimum deposit is very low only $1, and there are good analysis tools and excellent support.
For the Cons, the education section with trading videos or webinars is not so rich, beginners better look for other brokers.
| Advantages | Disadvantages |
|---|
| Heavily regulated broker with a strong establishment | No comprehensive educational materials |
| Wide range of trading platforms and competitive trading conditions | No 24/7 customer support |
| Global expands over 100 countries | |
| Excellent support and technical analysis tools | |
| Suitable for beginners and professionals | |
FXOpen Review Summary in 10 Points
| 🏢 Headquarters | UK |
| 🗺️ Regulation | FCA, CySEC, ASIC |
| 📉 Instruments | Forex, Cruptocurrencies, Metals |
| 🖥 Platforms | MT4, MT5, TickTrader |
| 💰 EUR/USD Spread | 0.4 pips |
| 🎮 Demo Account | Provided |
| 💰 Base currencies | USD, EUR, GBP, AUD, JPY, RUB, BTC, etc. |
| 💳 Minimum deposit | $1 |
| 📚 Education | No Professional education, tehcnical analytics and autotrading |
| ☎ Customer Support | 24/5 |
Overall FXOpen Ranking
Based on our Expert findings, FXOpen is considered a good broker with safe and very favorable trading conditions. The broker offers a range of trading services designed for both beginner traders and professionals with low initial deposit amounts. As one of the good advantages, FXOpen covers much of the globe, so traders from various countries can sign in, also with the lowest spreads.
- FXOpen Overall Ranking is 8.5 out of 10 based on our testing and compared to over 500 brokers, see Our Ranking below compared to other industry Leading Brokers.
| Ranking | FXOpen | Pepperstone | FxPro |
|---|
| Our Ranking | ⭐⭐⭐⭐⭐ | ⭐⭐⭐⭐⭐ | ⭐⭐⭐⭐ |
| Advantages | Fees | Platforms | Deep Liquidity |
FXOpen Alternative Brokers
We learned that FXOpen offers a range of trading instruments, good trading conditions, and also low trading spreads and fees. However, there are a number of other brokers that offer similar services. Here are some of the best alternatives to FXOpen:
- AvaTrade – Good Instruments and CopyTrading
- Pepperstone – Low Spreads and Competitive Trading Conditions
- XM – Wide Range of Trading Opportunities
Awards
Based on our findings, FXOpen is a highly rewarded broker, which gains not only great reviews from traders but is also timely rewarded for its services from the largest financial institutions and organizations. Eventually, our FXOpen Review found that the broker holds awards such as Best Forex Broker in Australasia, Best Islamic Forex Broker, Best South-East Asia Forex Broker, Best ECN Forex Broker, and more.
Is FXOpen Safe or Scam?
No, FXOpen is not a scam. Based on our Expert research, it is a regulated broker by top-tier authorities like FCA and ASIC and is considered a low-risk broker for Forex and CFD trading.
Is FXOpen Legit?
Yes, FXOpen is a legit and heavily regulated company. The broker holds relevant authorization in every region it operates. FXOpen companies operate in Australia, Saint Kitts and Nevis, the United Kingdom, and Cyprus and have representatives in a number of other countries.
See our conclusion on FXOpen Reliability:
- Our Ranked FXOpen Trust Score is 8.9 out of 10 for good reputation and service over the years, also reliable top-tier licenses, and serving regulated entities in each region it operates. The only point is that regulatory standards and protection vary based on the entity.
| FXOpen Strong Points | FXOpen Weak Points |
|---|
| Multiply regulated broker with a strong establishment
| International entity is based in offshore Nevis |
| Regulated by top-tier authorities | |
| Global expands over 100 countries | |
| Negative balance protection | |
| Compensation Scheme | |
How Are You Protected?
Since FCA licenses are among the most respected worldwide, traders have assurance and peace of mind that funds are safe and secure at FXOpen, provided by numerous ways and general transparent guidelines on how the brokerage operates.
Moreover, client funds are held in fully segregated bank accounts in the UK and protected up to £50,000 by the FSCS.
Leverage
Being a UK-based regulated broker FXOpen, therefore, follows strict guidelines set by the European authority Financial Conduct Authority and general ESMA rules.
European regulator set a limitation towards maximum offered leverage levels, as ESMA recognized a potential risk in case very high leverage is used. Professionals, once the status is confirmed may gain higher leverage levels, while all traders are definitely advised to learn more about leverage use and how to use its potential to the best of.
- Clients of FXOpen may use leverage up to 1:30 for Forex products, 1:5 for CFDs, and 1:10 for Commodities.
Account Types
We found that FXOpen offers 4 accounts with defined conditions according to the tailored solution which includes STP, ECN, Micro, and Crypto accounts. Besides, there are numerous account base currencies that you can denominate your account including USD, EUR, GBP, AUD, JPY, RUB, BTC, etc. making your payments easier process.
The Islamic traders are also welcomed to take advantage of Forex trading without violating Sharia law by offering them SWAP free accounts.
The Micro Account allows access to trade 28 currency pairs on a non-commission basis, while the STP account offers tight spreads, no commission, and as low as a 10$ deposit to start.
Crypto trading is available through 24 currency pairs including BTC, LTC, NMC, PPC, ETH, DASH, and EMC, with commissions of transaction volume of 0.25% through the first deposit of $10. However, some differences between the accounts may occur for UK residents in particular.
| Pros | Cons |
|---|
| Fast account opening suitable for new and experienced traders | Account types and proposals may vary according to jurisdiction |
| 4 account types defined by the technology or use | |
| Low minimum deposit | |
| Easy switch between Demo and Live Accounts | |
| Various account base currencies | |
How to Trade in FXOpen?
Starting to trade with FXOpen, you will first need to open an account and deposit funds. The process is simple and can be done entirely online. Once your account has been approved, you can then make a deposit using one of the many methods available. Based on our research we found out that FXOpen offers user-friendly platforms with all the tools and resources you need to trade successfully.
How to Open FXOpen Live Account?
Opening an account with FXOpen is quite easy. You should follow the opening account or sign-in page and proceed with the guided steps:
- Select and Click on “Open an Account” on the page
- Enter the required personal data (Name, email, phone number, etc.)
- Verify your personal data by upload of documentation (residential proof, ID, etc.)
- Complete the electronic quiz confirming your trading experience
- Once your account is activated and proven, follow with the money deposit.
Trading Instruments
We learned that the FXOpen market range is generally among the most advanced in the industry, as offers a truly wide range of products through thousands of different financial multi-asset platform which offers categories with flexible FXOpen market hours.
The broker offers a wide range of over 600 different financial instruments including Forex, Indices, Commodities, Shares, and Cryptocurrencies.
- FXOpen Markets Range Score is 8.5 out of 10 for wide trading instrument selection among Forex, Indices, Cryptos, and more.
FXOpen Fees
Based on our Expert research FXOpen fees depend on the account type you use, and are either built into a spread or commission charge. In addition, FXOpen charges an inactive fee of $10 per month.
- FXOpen Fees are ranked low with an overall rating of 9.2 out of 10 based on our testing and compared to over 500 other brokers. Fees might be different based on entity offering, see our findings of fees and pricing in the table below, however, FXOpen overall fees are considered good.
| Fees | FXOpen Fees | FxPro Fees | AvaTrade Fees |
|---|
| Deposit fee | No | No | No |
| Withdrawal fee | No | No | No |
| Inactivity fee | Yes | Yes | Yes |
| Fee ranking | Low | Low | Average |
Spreads
We learned that FXOpen offers variable spreads which are defined by the trading account and instrument you choose. So STP account is solely a spread account with all costs inbuilt.
In case you trade through ECN account spreads are floating and starting from 0 pips and trading costs are charged as a commission also depending on the trading volumes you operate from $1.5 per standard lot.
- FXOpen Spreads are ranked low with an overall rating of 8.5 out of 10 based on our testing comparison to other brokers. We found Forex spread much lower than the industry average, and spreads for other instruments are very attractive too.
| Asset/ Pair | FXOpen Spread | XM Spread | AvaTrade Spread |
|---|
| EUR USD Spread | 0.5 pips | 1.6 pips | 1.3 pips |
| Crude Oil WTI Spread | - | 5 pips | 3 pips |
| Gold Spread | 13 cents | 35 | 40 |
| BTC USD Spread | 11 | 60 | 0.75% |
Deposits and Withdrawals
We found that the money management and funding methods at FXOpen are quick and simple, which is very pleasant and important for your account management convenience. FXOpen provides clients with numerous funding options for instant deposits and fast withdrawals which include bank transfers, credit cards, and some electronic wallets.
In addition, FXOpen offers a No Deposit Bonus promotion for TickTrader ECN Accounts.
- FXOpen Funding Methods we ranked good with an overall rating of 8.5 out of 10. The minimum deposit is among average in the industry, yet fees are either none or very small also allowing to benefit from various account-based currencies, yet deposit options vary on each entity.
Here are some good and negative points for FXOpen funding methods found:
| FXOpen Advantage | FXOpen Disadvantage |
|---|
| Fast digital deposits, including Credit/Debit Cards, and prepaid FXOpen Card | Some methods may add on commission and are different in each region |
| Multiple Account Base Currencies | |
| $1 minimum deposit for a Micro account and 10$ for STP or Crypto accounts | |
| Free withdrawals for some methods | |
| Withdrawal requests confirmed within 24 hours | |
Deposit Options
In terms of funding methods, FXOpen offers numerous payment methods which are a very good plus, yet check according to its regulation whether the method is available or not.
- Credit/Debit cards
- Bank Wire
- UnionPay
- Local bank transfers or local deposits (available in Malaysia, China, Indonesia, and Thailand)
- Qiwi wallet, Perfect Money, Yandex Money, Sorex Pay, Intellect Money, RBK Money
- Skrill
- Neteller, and more
FXOpen Minimum Deposit
FXOpen minimum deposit is $1 for a Micro Account, which is indeed fantastic for traders of any size and experience level.
In addition, the hustle-free funding option available by the Prepaid Card worth $25 up to $10,000 that can be ordered from FXOpen’s official resellers, and FXOpen Pre-paid Codes allow transferring funds between FXOpen eWallets with no commission.
FXOpen minimum deposit vs other brokers
|
FXOpen |
Most Other Brokers |
| Minimum Deposit |
$1 |
$500 |
FXOpen Withdrawals
For FXOpen withdrawal you can use either a prepaid card or offered methods to withdraw money from your trading account. Yet, always verify conditions as some differences may be applicable due to regulations. Though, take into consideration that some of the payment methods may incur transfer fees, which FXOpen charges according to the various payment conditions and regions respectively.
How Withdraw Money from FXOpen Step by Step:
- Login to your account
- Select Withdraw Funds’ in the menu tab
- Enter the withdrawn amount
- Choose the withdrawal method
- Complete the electronic request with necessary requirements
- Confirm withdrawal information and Submit
- Check the current status of withdrawal through your Dashboard
Trading Platforms
Based on our findings, FXOpen provides a range of top-grade desktop, web, and mobile trading platforms including MT4, MT5, and TickTrader.
According to the statistical data over 90% of all transactions on the retail Forex market are conducted via Metatrader4, also MT5 is available for your choice at FXOpen as well.
- FXOpen Platform is ranked good with an overall rating of 9 out of 10 compared to over 500 other brokers. We mark it as good being one of the best proposals we saw in the industry, and a great range including MT4, and MT5 suitable for professional trading. Also, all are provided with good research and excellent tools.
Trading Platform Comparison to Other Brokers:
| Platforms | FXOpen Platforms | XM Platforms | FxPro Platforms |
|---|
| MT4 | Yes | Yes | Yes |
| MT5 | Yes | Yes | Yes |
| cTrader | No | No | Yes |
| Own Platform | Yes | Yes | Yes |
| Mobile Apps | Yes | Yes | Yes |
Web Trading Platform
Generally, the platform is available in different versions which are suitable for any device or accessible as a WebTrader through the browser.
- In addition, there is a specifically designed account TickTrader ECN featuring Desktop, Web, and Mobile terminals offering a special version for traders demanding advanced analysis and a level 2 pricing platform.
Desktop Platform
As the most popular choice, along with its powerful tools the FXOpen chooses MT4 as its mainstay and actually was the first broker to introduce direct access to Interbank liquidity and ECN trading via MT4.
However, the company moved even further and enhanced the technology with the Liquidity Aggregator that ensures error-free order execution and the best prices.
The standard version of MT4 is diverse from the FXOpen one, as the trader needs a different modification for each account. Hence, there is an available version of STP and Micro accounts, and a separate one for ECN accounts and Crypto Trading.
Auto Trading
Automated Forex Trading, also known as algorithmic trading, is the use of Expert Advisors (EAs) or trading robots to place orders automatically without the manual interaction of the trader allowing trading systems to run autonomously and continuously.
FXOpen offers Forex auto trading via Myfxbook and ZuluTrade. FXOpen also offers its own PAMM technology allowing it to benefit from the strategies of experienced traders with a proven track record.
- FXOPen PAMM service offers to join the funds of experienced traders to become a Master and earn from Forex followers for the benefit of both, while followers may choose from a vast of strategies to follow.
Customer Support
We learned that FXOpen maintains its mission to provide clients with professional services in trading, analytics, and excellent customer support, the support remains always on hand for any questions you may have. You can access the service via the phone lines or Live chat 24/5.
- Customer Support in FXOpen is ranked good with an overall rating of 8.5 out of 10 based on our testing. We got fast and knowledgeable responses, also quite easy to reach during the working days.
See our find and ranking on Customer Service Quality:
| Pros | Cons |
|---|
| Quick responses | No 24/7 customer support |
| Relevant answers | |
| Live Chat | |
| International phone lines, and email | |
FXOpen Education
Despite the fact that we found that FXOpen does not provide advanced educational materials with Webinars or Seminars, Technical analysis, News feed, and other research tools are in the package. Besides, comprehensive investment opportunities either through their own trading strategy or by following of PAMM account may be interesting for both beginning and professional traders.
What is more interesting, Forex Competitions are held regularly by the broker which assists in learning, as well as offers the opportunity to gain valuable prizes.
- FXOpen Education ranked with an overall rating of 7.5 out of 10 based on our research. The broker provides good quality educational materials and research and also cooperates with market-leading providers of data.
FXOpen Review Conclusion
Concluding the FXOpen review, we admit a broker that makes access to the Forex market easier while you can benefit from lower deposits or trading requirements, as well as a wide range of attractive offerings. The broker also keeps regulatory supervision for their operations, which ensures that the traders’ legal rights are well protected and secured. In addition, ECN trading is a good choice for experienced traders and those who prefer technical or programmed trading as a major strategy.
Based on Our findings and Financial Expert Opinions FXOpen is Good for:
- Advanced traders
- Traders who prefer MT4 and MT5 platforms
- Forex and CFD trading
- ECN/STP trading
- Variety of trading strategies
- Algorithmic or API traders
- Low fees and competitive spreads
- Good customer support
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FXOpen is a Reliable ECN Broker and has very Fast Trading terminal Tick Trader.
I am also getting technical analysis updates which give me more trading profits now.
I am a trader with FXOpen since 2020 and it is a very reliable and safe ECN broker to deal with.
I am able to withdraw my funds same day and get paid thru Bitcoin.
I can see the income i am getting from my trades is good with them. This is mainly due to the Low Inter Bank pricing that they offer and this is why i choose them over other ECN brokers.
They are Regulated and Reliable ECN Forex Brokers.
My Trusted Broker
FXOpen is a trusted Forex broker for me and my family as we have been trading with them since 4 Years and 9 Months now with Good Profits.
Trading in Currencies and Metals is best and they provide help to traders with analysis.
I have been using FXOpen Broker for trading in the Gold and Oil in the ECN Trading 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.
Best for Scalping in Forex
For me as a Intra Day trader i was looking for a Broker that will allow me to do Scalping and most of the other brokers had restrictions for doing this.
I started trading in the FXOpen with much success as they have allowed me to do Scalping trades and with the low spreads my trades are very much profitable.
Yes i have gained almost more than 200% of my investment in a period of 2 years of my trading with them.
I am a Forex trader since 5 years and I traded with many 6 brokers in the past.
We need to do our trading with an aim of earning more profits. This is why we have to do our trades with a reputed Forex trading broker like FXOpen.
Good broker support
I started trading in the Forex markets 5 months back and as a new trader i was looking for help and support. I found that this broker gives really good market analysis everyday which helps me to understand which trends are present in the market and how to do my trades.
I am from china wuhan city i want to know that can i open the account inyour company if yes what regulation will be imposed at me ?
Was looking for a broker that allowed me to use my Expert Advisers based trading and with low market spreads.
Since i am an Intraday trader for me what matters the most are the spreads and the timing of my trades.
I have had a wonderful trading experience with them and now it is my main broker.
Also i have recommended FXOpen to my friends who are trading in the Forex and Indices
FXOpen is a Reliable ECN Broker which allows me to do my trades with Profits.
I started trading with a Deposit of 100USD.
As they are ECN broker so it is best suitable for traders who are looking to do their trades using any combination of trading systems.
They are True ECN so i did not get any slippages in my orders which are executed on time and never face any re-quotes.
I have problem when i choose to withdraw funds but the confirmation does not arrived
Do you have chinese apps to work for payout?
Hi FXOpen Admin,
I am from Indonesia. Can we open the accounts in your FXOpen? Since I read that you only have 1 license from FCA and no other?
Je suis satisfait de mes résultats commerciaux sur FXOpen Markets. Ce courtier est très professionnel et toutes mes transactions se font sans problème.
De plus, mes retraits sont traités à temps par eux.
FXOpen Markets ist ein zuverlässiger ECN-Broker, der direkten Marktzugang hat und mein gesamtes Trading wird bei den RAW Spreads abgewickelt. Das bedeutet, dass ich auf den Interbank-Märkten handele und daher jede Art von Handel mit diesem Broker durchführen kann.
After trying many Forex Brokers I joined FXOpen Markets and found out what Real trading is as now I am getting a good income and can use any trading style I want to with them.
I am using Web Money as they are Fast for Deposit and Withdraw in FXOpen.
Fast withdrawals
I placed a withdraw request of 1200USD using Web Money and it was done in under 2 hrs which allowed me to get the money in cash in my place in local Bank account.
I will highly trust this Broker for my trading needs as they pay our money on time. Also what i liked most is they have a responsive support team.
I have changed many Forex brokers in the past but now i am trading with FXOpen Markets from the last 2 Years
The main reason is the Liquidity that it provides so that we can just focus on our trades without any major problems at all.
Saya berdagang dengan FXOpen Markets sejak 4 tahun yang lalu terutamanya menggunakan akaun STP dan ECN dan kecairan yang disediakannya telah membolehkan saya Membuka dan Menutup pesanan saya pada bila-bila masa.
Saya sangat gembira dengan Keputusan Dagangan.
After trading with some of the well-known brokers i started my trades with FXOpen 3 year back. Since then i have been using their ECN trading account and they have very Low spreads and trading conditions.
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 4 years.
I am doing my Trading with FXOpen from the last 3 years. Most of my trades are done in the Gold and Oil in the ECN Trading 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.
All of my Withdrawals come on time thanks to them now i am a Successful Forex Trader.
I grew my account from 19usd to 80usd and tried to withdraw the 80usd to my MasterCard. The money never came into my card even after the so called “5 business days” had elapsed. Moreso, the money had been deducted from my min account wallet. Fxopen is definitely not legit and I wouldnt recommend them to anybody. I never experienced such hardship from any other broker. The annoying thing is that this is the same Card I used to make numerous deposits into my Fxopen acct. Not to talk of the rigorous process of so called “verification” they put me through just to effect the 80usd withdrawal. It was like I was registering a new account all over again. When I was making the deposits, it didnt take them 5 business days to debit my account;it was almost instant, but when it came to withdrawing, they put chains around people’s necks.Too bad. I have forfeited that money knowing that the name”Fxopen” will always ring “Scam” in my ears. In this day and age of advanced technology, I wonder how online international transfers will take up to 5 business days; a mere excuse to skim people of their earned Dinero. This is too bad. Just too bad.
The funny thing is that many of the positive reviews on this site are by fxopen employees.
FXOpen est mon seul courtier.
Non seulement les transactions se font facilement, mais j’ai également des spreads ultra bas sur les devises et les métaux.
La plupart des transactions sur l’or étaient rentables.
私は2018年にFXOpen会社と取引を開始し、彼らのサービスに完全に満足しています。
新しくて意欲的な外国為替トレーダーには、FXOpenを外国為替ブローカーとして使用することをお勧めします。
Ich bin Vollzeit-Trader und nutze die Brokerage-Services von FXOpen aus den letzten 5 Jahren. Sie sind sehr professionelle und kundenorientierte Forex ECN Broker.
I am trading with FXOpen Markets from 2 years and 5 months and they offer me ECN trading with starting of just 100 US Dollars.
They have very Good and International Support for Small traders like me.
I started trading with FXOpen in the Year 2016 and since then i have gained a steady income from my trades.
The advantages that i am getting when i am trading with them is the direct access to the Inter Bank markets so my trades are done at the lowest spreads and i can control my trading easily.
The trading conditions with FxOpen are good and it is one of the top Foreign Exchange brokers today.
FxOpen has many types of Trading accounts which suit the traders who are looking for diversified trading options in the Forex markets. I am a successful trader now and it is because I joined them.
I am making a Regular income from my trading in Forex markets with FXOpen.
They have provided me with the ECN Trading Technology which is the Best in the world.
They are the first introduce the ECN services, I been using them for a decade never had any issue good broker
FXOpen is my only Forex broker and i am using them from 5 years. I never faced any problems and they are very Fast in giving my Profits.
I have been trading in the Forex markets from 7 Years and using the ECN Trading services of FXOpen from the last 5 years with Success.
As a Full time trader i can say that FXOpen Markets is a good ECN Forex broker and it has allowed me to do my trading with profits. I have made more profits with this broker so i would recommend them to anyone who wants to trade in the Forex markets.
Can i open account in AU Fxopen i am living in Baku.
FXOpen is a Trusted and Reliable Forex ECN Broker as i have been trading with them with large amounts and i have had no problems in my trades or withdrawals.
Best Trading Speeds, Fast Service
More Deposit and Withdraw Options
FXOpen is a credible Forex Broker as i am trading with them since 5 Years and many of my trades were with good amount of profits.
My mt4 says invalid account i have participated in the contest! what’s the rror is it
Dear client,
Kindly provide us the necessary information, like the trading account number, time, and date when this happens to you, so we can troubleshoot it and get back to you with the answer.
Regards,
FXOpen team
With the help of FXOpen i am earning a stable income from the Forex Market.
Thanks you FXOpen.
My pending order did not executed why so
Dear Huius,
Kindly provide the more details of your case, like screenshot and order number etc. So we can investigate. In case you have additional questions, kindly contact our Live Support 24/7. We’ll be happy to assist you.
Regards,
FXopen team
I am doing trading in the Forex and Cryptos with the FXOpen Markets.
I would say they are very much Reliable and Honest Brokers.
I am a High Frequency Trader and so i am using the ECN trading account of the FXOpen Markets.
Since they have Inter Bank Liquidity i am able to execute my trades at the prices i want.
FXOpen is a ECN Forex Broker so trading with this broker is very easy for us and we are able to earn income from our trading. I am very satisfied with my trading in this broker.
In the month of June 2021 i have completed 8 years of successful trading with this Broker. I would like to say that they are very Reliable and Reputed Forex Brokers. Since they are a True ECN Forex Broker the trades are done very fast in the Highly volatile market conditions.
Due to this Advanced ECN Trading technology that this Broker offer me i am making a good income from my trading.
I am very Happy trading in the Forex and the Crypto Markets with them.
FXOpen Markets have more options for both the Deposits and Withdrawals.
I have been trading with them with SUCCESS.
Best ECN Forex Broker
I have been trading with FXOpen Markets from the 4 years and they are the Best ECN Forex Broker.
I am very thankful to them for giving me the Best Trading Conditions.
I am Trading in the Forex markets with this broker from the last 10 Years
FXOpen is very Good and Reliable Forex Broker which offers True ECN Trading Technology.
I am Happy that i choose to do my Forex trading with FXOpen. They have always given my payments on Time.
Very FAST withdrawals with this Broker and i am using the Bitcoin for all of my Deposits and Withdrawals
FXOpen is a world class Forex Broker as i have been trading with them from 4 Years.
With the help of the FXOpen Broker i was able to become a Full Time Forex trader and make good profits due to their ECN Trading system.
I am a Full time professional trader and i am trading with this broker from the year 2018 and very happy with my trading results with them.
Very Good and Reliable Forex broker. I am using them from the last 7 years with SUCCESS.
I will recommend this broker for the Forex traders who want to do their trading in the STP and ECN Trading accounts. Very Trust-able Broker
I am doing my trading with the FXOpen Global from the last 5 years. They have very good trading facility by the way of the ECN Trading technology and Automatic withdrawals.
Started trading with this broker in the Year 2015 and i have always got all of my withdrawals on time. They are very good ECN Forex Brokers.
Was with them for about 1 year until they decided not to accept Canadians anymore…it sucks cuz I really liked them.
I am a trader with this broker from the March 2018 and the trading is easy and fast with them. I like to trade with this broker.
Automatic Withdrawals, ECN Trading, Regulated
I have been trading with FXOpen for 8 years now with Success.
I am very Happy to choose FXOpen as my Main Forex Broker.
This Broker is for serious traders looking to make money in the Forex markets.
Best Forex Broker in the ECN Segment with Fast Inter bank Spreads which is why i am doing my trading with them. In the March 2021 i will complete 7 years with this Broker.
Best broker for trading in the Crypto currencies, Forex and Metals for both the newbie traders as well as the experienced Forex traders. They have a very responsive customer oriented support.
I have been trading with FXOpen Broker for 5 Years.
My Trade with FXOpen
I’ve dealt with them over the past year and gained significant experience in the trading of their way and I see it’s from a reputable company that respects the customer and maintains he has them
One of the most important features of this company is trading options and the diversity of accounts and contracts they have STP accounts and ECN accounts and they have many currency pairs that can be traded on them major currency pairs and secondary currency pairs also can through them also trading digital currencies and they work throughout the week i.e. you can trade digital currencies at any
As for their spread is very little either on the account of STP or ECN and for the account of ECN is almost no spread is in some currency pairs does not exceed four points and sometimes a point or two points and for the account of STP the spread starts from 10 points and even 24 points such as trading on the Japanese yen / US dollar the company’s all on their own.
Features
The company is characterized by low spread, easy trading and the availability of several platforms that can be traded on such as MetaTrader 4 and MetaTrader 5 and they also have their own platform
Easy withdrawal and deposit and many methods of withdrawal and deposit, we mention the former escrill bank, WebMoney and benefit money, there is also the company’s own document and also the withdrawal by credit card or bank transfer, all of which is considered one of the means of withdrawal and deposit with the company
Disadvantages
Mention some of the enemies that the company is not good at dealing large amounts of this I didn’t see or notice it during the deliberative with them because trading with them no more than $ 200 and did not find any problems until now.
Their technical support service is very weak and they can rarely solve the problem because they do not have all the powers to solve the problems
The technical support service in Arabic is almost non-existent at work for only one hour and on Friday only
The bonus for the Arab section is not enough for the effort of members to participate in competitions and write topics, etc.
There is always a manipulation of the terms of the competitions after they are over so that the members do not get their bonus
One of the worst flaws in the company is the insufficient bonus system and also it is manipulated and not sent completely to the members so the members began to work for other companies and forums
My review of FXOpen
My evaluation of this company after about two years of trading with them, and I will speak with all impartiality about the most important advantages of this company and the most important shortcomings
Prices can be from respectful and honest companies that can be traded with a low spreads. For example, you find that the spread for the pair of the US dollar against the Japanese yen is 14 points. That, and sometimes it is lower, the market is an active stock and you find the spread for the US dollar against the Canadian dollar is 16 points. Only and also the euro against the US dollar, the spread is only 13 points. As for gold against the US dollar, the spread is 20 points, and sometimes more than that.
I had the experience of trading on risky days, especially on Christmas holidays in December and January, and it is known that many traders do not prefer trading at this time of the year due to the high risk and market fluctuations in these two months.
Over the past two years, I have been trading at this time, especially after December 25, and no fluctuations occurred in the market and I won from this trading. All there is, the market movement was only slow, but no fluctuations occurred and I won from trading and this is what I remember well because I was very worried that I trade at this time
Among the features of the company
We have said the low spread, and the most important thing is not to be afraid of trading on holidays and fluctuations. One of the additional advantages of the company is that it carries out periodic contests between traders and various contests to obtain an additional bonus for trading with it and always encourages traders to trade and does not skimp on them with information as there are forums for the company with all Languages have a multitude of information and members ’experiences in trading. It is also noticeable that the company’s activity in previous years has made remarkable progress and has worked to correct past mistakes and has improved a lot. Now the company also gives a free registration bonus as an encouragement to new traders and always comes with offers and discounts for traders to encourage them to continue trading
Company flaws
Among the most serious defects of the company that I notice is technical support, there is technical support and is quick to respond, but I do not find that it has all the powers to solve the problems of members and traders, so it often does not solve problems or takes more time to solve them
Also, I heard that the company is not good at trading on large amounts, and this frankly, I did not try it because I usually trade on small amounts, which are less than $ 250, and I did not find any problems with the company in trading from withdrawal, deposit and trading, so the evaluation in this regard is very good
One of the biggest defects of the company is the Arab section, so it is known that Arabs are those who love to gamble and trade through forex, and that company is not good at winning the Arab customer to it, and this is for several reasons, the most important of which is Arab technical support, which is one of the biggest flaws of the company, as there is almost no technical support for the Arab department, so the presence of Arab technical support Almost every week for an hour only and it does not solve any problems, and this is what I already tried, so I had a problem, and I waited a week for a response and when the response arrived a week later, I made another inquiry at the same time and I did not receive an answer to it
Among the disadvantages of the Arab section is the bonus, as the administration does not pay any attention to the bonus for the Arab section, and there is always tampering and changing conditions for not sending the bonus for members, and this also has a great impact on the company’s inability to attract the Arab customer
I see the solution to problem, which is the presence of strong Arab support all the time and the company’s credibility in sending the members’ bonus for the Arab section without manipulation so that the members can make the required advertising for the company with credibility. If the company is not honest with its members in the Arab section, and the bonus is sent to them on time and without any change of conditions and complications Things are so that the members do not get the bonus, and this is in addition to the reduction of the bonus that happened. How can a company win the Arab client if it cannot maintain the Arab members?
FXOpen is a Reliable Forex Broker as i am trading with them since 5 Years with good amount of profits.
Spreads have been the lowest in their ECN Trading account.
All my withdrawals were done in time.
Is FXOpen good or bad?
There’s been talk a lot about the credibility of that company see you my personal experience with them to know that.
First of all, in terms of credibility.
So far, I haven’t seen anything wrong with that company, so trading with them hasn’t had any problems, and I’ll give some examples of that.
As for the market movement, I’ve been watching the market movement, the Japanese candlestick movement, the pairs movement, comparing it to some other big companies, and I’ve never found any difference.
The movement of Japanese candles can vary in the timing of their closing and opening on different time frames but the price movement is fixed in such timing as other companies and this in terms of market and price movement
As far as the spread is concerned, I’ve found the spread on different pairs is very small, which is a good thing for this company.
Once Upon a time that company did not have a good reputation and had many problems have solved those problems now and no longer exist, the company improved their policy and changed it and one of those problems is the lot was very large but now it is very small to suit all traders
Among other problems that were present the company is trading large amounts and I think that problem is also solved now.
The company has its own platform now other than MetaTrader 4 and MetaTrader 5, which means that the company has three trading platforms
This is unlike the company’s endeavors to bring new customers through the bonus, which is 10 US dollars for registration and began trading as it tries to maintain its current customers by making periodic contests almost one of the most famous of these competitions is the forex Cup competition, which reaches a total of 2000 US dollars, which are various competitions throughout the Year winners
However, the company is flawed by one thing, which is the bonus system, there are a lot of problems with it, for example, the company determined by the competition announcement about the forex cup competition, which is the publication of the announcement of the competition in other forums and in exchange for each publication a certain amount of cents and after I made those and I might say I’m less at a loss than other members, even if I saw a complaint from one of the members, he was supposed to be sent 200$, and I’m only sending him 50$, and that complaint is in the forum so far.
The disadvantages are also the lack of credibility in sending the bonus they reduced the value of the bonus and reduced competitions and also do not send the bonus where it became not enough for the member to pay the value of the internet package consumed in the work of posts and topics of the company and we hope the management in looking at this and
Other than multiple platforms, there are also many accounts such as STP and ECN and many withdrawal and deposit methods, both direct
And other people are good at dealing with trading and did not happen to me any problems with trading or withdrawals filing to the Warren’s of good companies that will developing a large in the next period is what the company is trying to do now of the improvements and interest of the company
One of the most important features of the company
Account count and low spread easy withdrawal and deposit
One of the most important disadvantages of the company
Weak technical support and problems of the Arab section and bonus
FXOpen Broker has the Best Trading conditions that it gave me and this is why i choose to trade with them.
If you want a Reliable and Best ECN Broker then go with FXOpen.
When 8 years ago I started trading on Forex, I was looking for a broker that conducts demo contests – I wanted to learn how to trade without risking my deposit, and I wanted to get an initial deposit without investing my own funds. I found FXOpen – this broker runs many contests for beginner traders. On the one hand, the broker is interested in training its new clients, and on the other hand, it helps them to become professional traders and gives real prizes – they can be used for trading or simply withdrawn as a profit. Over the years, I have repeatedly won prizes in various contests from FXOpen and have used these prizes both for trading and for withdrawing. Real prizes in contests are a feature of the company, because now it is quite rare to find a contest with withdrawable prizes. The company also has its own forum where contests are held. Now there is a very popular weekly contest from FXOpen “Competition from 10 TO 100”. I opened a real STP account for only $ 10, traded on it and not only withdrew my profit for trading, but periodically got into the winners and received additional real money in this contest. At the same time, the company provides very good trading conditions on a real account, so that I can even trade XAUUSD gold, having a small deposit – a leverage of 1: 500 and a low spread. I am very happy with my broker, because the withdrawal of profits is always quick and hassle-free. The company has professional technical support.
I have been trading with FXOpen since 2012. I like the trading conditions that the company provides to its clients. Low Wednesdays – especially for XAUUSD gold. On an STP account, the spread for five-digit quotes for this instrument is only from 10 to 30 pips. I am especially attracted by the fact that you can trade gold with a leverage of 1: 500. This is a unique advantage at FXOpen because I can trade gold with a small deposit. For me, FXOpen is the best broker in this regard. In addition, over the years of cooperation, I have never had problems with the withdrawal of my profits – always quickly.
In addition to trading, I regularly participate in contests held by FXOpen. I remember the Forex School contest in September 2017, when I was among the prize-winners who received a prize PAMM account of $ 200 from the company. It was super! FXOpen has its own PAMM service. This is an opportunity to get additional profit not only from trading, but also from investments.
I am happy to have found a reliable broker with an FCA license.
Welcome dear traders
My name is Heno
I’d love to share with you my experience with FXOpen
Since about 2004 I have been searching for ways to profit on the Internet and I have been doing this for several years until I realized that all of this was not working.
And then I heard about Forex brokers that I also couldn’t believe in
Until some friends advised me to try FXOpen and I did it already and since around 2018 until now I am trading with them
And I have already found that I can profit on the Internet by trading forex, as sometimes I can win not a small amount of money and this is beside the pleasure of trading
I advise all new traders to try forex trading through FXOpen, because they are a respectable and honest company and have many licenses and also have many trading platforms and they also have their own new platform and a novice trader can open a demo account and trade on the demo account so that he can train on Trading knows that FXOpen is a respectable company
And another advice for a novice trader, do not rush before opening deals. Just watch the market well and when the trend stabilizes and analyze the market well, then you can make the decision to open deals.
hello traders my name is mona makien i want to tell you about my experience with FXOpen , i am a old women and was hard to belive in that new things to me , but my nephew convised me to try it , and i did by little money at first but i found that i lose , so my nephew start to learn me how to trade , and he advise me to read about the trading in FXOpen forum that is wroten by many language , from this time i found my self earn some money , about FXOpen they are honest , and the dealing with them so easy , so my advise to all new tradres , read more about trading in FXOpen forum , then start in save way with FXOpen
I joined FXOpen 2 years back when I was looking for an ECN Broker for my trading needs.
I am using MT4 and my trades are executed at Inter Bank-market prices and without any delay as
they have direct access to the markets.
Sometimes during news markets are moving so fast and only at that times there might be a
delay as the prices changes very fast and this is for all the true ECN brokers since they
have to get their orders filled at Real time rates but it was never 2 seconds but mostly 20
milliseconds.
I have used Bank wire option for making withdrawal requests in FXOpen 14 times in total of
$16,500 and they were always paid on time.
I would rate them as the best in the market with good speed of execution with Fast and
Friendly customer support.
@siphiwe Mofokeng
In my above mentioned comment, your query has been answered.
A highly trusted broker in the industry for last over decade.
They’re providing the TOP notch Service and best execution of the order on the ECN.
I love to Scalp and I don’t have slippage issue even in high volatility.
They process withdraw usually within a couple of hours, some time even in minutes.
They are regulated even in UK and Austriala which make them most superior one, which make them a highly trustworthy broker in the Online arena.
Highly recommended broker.
It’s my 2 CENT
The trading conditions with FxOpen are good and it is one of the top Foreign Exchange brokers today.
FxOpen has many types of Trading accounts which suit the traders who are looking for diversified trading options in the Forex markets. I am a successful trader now and it is because I joined them.
how long does it take for me to receive my withdrawals?
Hello, all withdrawals are processed within one business day