Trading Experience
“FXOpen provides a simple trading offering for both beginner and advanced traders to trade on different account types ECN, STP, Micro and Crypto on a variety of trading platforms for desktop, web and mobile.”
From our observations, FXOpen provides a simple trading offering suitable for both beginner and advanced traders to trade on more than 70+ financial CFD instruments covering Forex, Indices, Commodities, Cryptocurrencies and Stocks.
Users can trade from a variety of accounts such as the commission-free STP and Micro account, as well as the commission-based ECN and Crypto account. The broker also offers the ability to trade from a variety of platforms including MetaTrader 4, MetaTrader 5 and TickTrader.
FAQ
Is FXOpen regulated?
No.
Where is FXOpen based?
FXOpen headquarters is based at Charlestown, Nevis, P.O. Box 590, Springates East, Government Road, Charlestown, Nevis.
How does FXOpen make money?
FXOpen makes money mainly through spreads, swaps and commissions on certain trading accounts and asset classes.
How do I deposit in FXOpen account?
Funds can be deposited into a trading account via Bank Wire Transfer, Credit/Debit Cards, China Union Pay, WebMoney, PerfectMoney, QIWI Wallet, EPay, AdvCash, Airtm, IntellectMoney, FasaPay and others.
What is the min. deposit for FXOpen?
The minimum deposit is 1 USD.
How do I withdraw money from FXOpen?
Withdrawals can be made from FXOpen via Bank Wire Transfer, Credit/Debit Cards, China Union Pay, WebMoney, PerfectMoney, QIWI Wallet, EPay, AdvCash, Airtm, IntellectMoney, FasaPay and others.
What is the max leverage in FXOpen?
The maximum leverage offered by FXOpen is 500:1.
How do I open an account with FXOpen?
An account can be opened at the click of a button on the FXOpen website and can be done in just a few steps.
Does FXOpen use MetaTrader?
Yes, MetaTrader 4 and MetaTrader 5.
Conclusion
“FXOpen offers the ability to trade on more than 70+ financial CFD instruments covering Forex, Indices, Shares, Cryptos and Commodities from 4 account types (ECN, STP, Micro and Crypto) from the MetaTrader 4 and MetaTrader 5 trading platforms, as well as the TickTrader trading platform for desktop, web and mobile.”
FXOpen has a variety of entities around the world. FXOpen Markets Limited, which operates www.fxopen.com, is a company based in Nevis and is not regulated by a financial regulator and is the subject of this review. FXOpen does have other entities, that are authorised and regulated by the UK Financial Conduct Authority, Cyprus Securities and Exchange Commission and the Australian Securities and Investments Commission but these are not the subject of this review.
FXOpen offers a wide variety of different trading accounts suitable for both beginner and advanced traders. This includes ECN, STP, Micro and Crypto Accounts, as well as Islamic swap-free accounts and the use of a demo trading account. Through these accounts, users can trade on more than 70+ financial CFD instruments covering Forex, Indices, Shares, Cryptos and Commodities with the ability to access maximum leverage up to 500:1.
Users can access a mixture of commission-free trading accounts and commission-based trading accounts as low as 1.5 USD per lot for volumes above $250 million and 3.5 USD per lot for volumes below $5 million. The broker offers the ability to trade on the MetaTrader 4, MetaTrader 5 and TickTrader trading platforms for desktop, web and mobile with access to Trader’s Tools which includes calculators, Level2 plugins and social trading integration with MyFXBook and ZuluTrade.
The broker also provides access to market analysis and some educational articles through the FXOpen Blog. Customer support is provided in multiple languages 24 hours a day, 5 days a week and there are a variety of bonuses and promotional offers available.
- Commission-free trading available.
- ECN trading available.
- Can trade on MetaTrader 4, MetaTrader 5 and TickTrader platforms.
- 24/5 customer support.
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