FXOpen Review 2025

Writer: Adrian Ashley
Editor: Richard Sine
Checker: Bahaa Khateeb
Last Update: 2025-07-25
FXOpen
FXOpen is a globally regulated broker offering ECN trading accounts with raw spreads from 0.0 pips and tiered commissions starting at $1.50 per lot for high-volume traders. With support for MT4, MT5, TickTrader, TradingView, and its proprietary mobile app, offering access to over 700 instruments, FXOpen caters to active traders seeking fast execution and competitive pricing.
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🏆 Evaluation
5.88
🗺️ Regulations
💳 Minimum Deposit
100$
⚖️ Islamic Account
Yes
💰 Payment Methods
Bank transfer, Credit Card, Crypto
🏢 Main Branch
Nevis
🎮 Demo Account
No
🖥 Trading Platforms
MT4, MT5, Web Platform

There is a high degree of risk involved in trading securities like FOREX, or CFDs, which are highly complex instruments. As a trader, you could be exposed to excessive leverage, questionable broker tactics, market volatility, and limited regulatory protection. Despite your best trading techniques and risk management strategies, your efforts may not be profitable, and you could suffer losses.

FXopen Evaluate - research result

Overall Evaluation 5.88
Regulations
7.5
Deposits and Withdrawals
4.5
Commissions
2.8
Assets
7.8
Trading Platform
7
Research and Development
5
Customer Service
5.5
Mobile App Trading
10
Learning
1
Experience with broker
7
Trading Tools
9.5
Website
5.5

Key Takeaways

Overall Summary

Launched in 2005, FXOpen is licensed by the FCA (UK) and CySEC (Cyprus). Worryingly, the broker lost its ASIC license in 2024 and now operates an offshore entity under lower-tier oversight.

Clients of FXOpen UK and EU benefit from investor-protection schemes up to £85,000 and €20,000, respectively, while all entities offer negative balance protection and segregated accounts.

The broker supports four trading platforms: MT4, MT5, TickTrader, and TradingView. This is not to mention its proprietary FXOpen mobile app.

You’ll find that leverage varies by region, reaching up to 1000:1 for global clients. Asset coverage includes a reasonable (if not anywhere near market-leading) 700 instruments across FOREX, indices, commodities, stocks, ETFs, and crypto CFDs (available to professional clients only in the UK).

The broker offers multiple ECN account tiers, including Classic and Elite, with progressively lower commission rates for higher balances or trading volume.

However, in our testing, we found that FXOpen lags behind competitors in educational content and integrated research tools. While its platform support and cost structure make it a competitive option for active and professional traders, its distinct lack of passive investment products and limited educational support are serious gaps.

FXopen
Rating
Foundation Year
2005
Main Branch
Nevis
Other Branches
Not available
Languages
8 languages including English
Work Hours
Market Opening Hours

Is FXOpen Safe?

Summary

The answer is mixed. The broker had its ASIC licence cancelled. This revocation has affected the broker’s overall trust rating and should be a consideration for risk-sensitive traders. However, traders living in regions covered by the FCA and CySEC should feel comfortable that they will be safe in the event of broker insolvency.

FXOpen is a mixed bag in terms of safety. As we’ve mentioned, in 2024, its Australian affiliate had its ASIC (Tier-1 regulator) licence cancelled for “failing to maintain adequate human resources, comply with the ‘key person’ condition on its licence, and adhere to financial services law.”

That apart, the broker has operational history dating back to 2005, and it continues to serve traders through other entities.

The group’s regulatory presence is split across three main jurisdictions:

Client fund protection practices differ by entity. In the UK and EU, FXOpen offers segregated accounts at such major banks as Barclays and Lloyds, ensuring that client funds are kept separate from operational capital. Negative balance protection is standard across all entities, preventing losses beyond deposited funds.

Despite trading safety in the UK and Cyprus, traders considering the offshore entity should be aware of the limited regulatory safeguards. Overall, FXOpen can be considered safe when operating under its Tier-1 regulated entities, though its mixed regulatory footprint means that choosing the right entity is critical to managing your risk.

How FXOpen Protects You from Reckless Leverage and Margin Trading

Leverage and margin trading can enhance potential gains but can also accelerate losses. FXOpen acknowledges these risks and implements several controls to help you manage exposure responsibly, though protections vary based on where you opened your account.

How you are protected

FXOpen uses a tiered leverage system. Retail clients registered under the FCA or CySEC can access leverage up to 30:1 on major FX pairs, in line with MiFID and UK investor protection standards.

Crucially, clients registered under FXOpen’s offshore entity may access leverage as high as 1000:1, but these accounts are not subject to the same regulatory safeguards.

FXOpen applies margin call and stop-out thresholds at 100% and 50%, respectively, across all account types. Negative-balance protection is in place for all clients, ensuring you can’t lose more than your deposit.

Regulation and other security measures

FXOpen operates under a mixed regulatory structure. Its most secure branches are regulated by the FCA, and CySEC. FXOpen Markets Ltd (Nevis) offers fewer regulatory protections.

On the security front, platform security across MT4 and MT5, TickTrader, and TradingView includes encrypted data transmission and secure server infrastructure. Combined with transparent order execution and a no-dealing-desk ECN model, these features help ensure your trading environment remains stable, compliant, and resistant to common platform-level threats.

Top broker features

Adequate regulatory oversight: FXOpen holds licenses from two respected financial authorities.

Multi-platform access: The broker supports MT4, MT5, TickTrader, and TradingView.

Tiered ECN pricing model: You can benefit from raw spreads starting from 0.0 pips and a competitive commission structure that drops to $1.50 per lot for high-volume accounts.

Wide asset coverage: Some 700 CFD instruments make up the broad range of markets the broker offers.

Fast execution with ECN transparency: You can get connected directly to interbank liquidity with no dealing desk.

Trading Account Information
Account Currency
USD
Minimum Deposit
1$
Segregated Accounts
Yes
Payment Methods
Bank transfer, Credit Card, Electronic Banks, Crypto
America Accepts
No
Available Markets
currency pairs, Commodities, Stocks, Indices, Cryptocurrencies, ETFs
Trial Duration
30 Days

For Whom Is FXOpen Recommended?

FXOpen is well-suited for:

Here are the pros and cons of using this broker:

Pros
  • FCA and CySEC regulation, both Tier-1
  • True ECN execution model with no dealing desk
  • Platform flexibility supporting MT4, MT5, TickTrader, and TradingView
  • Tiered commission structure good for high-volume traders
  • Decent enough asset coverage with over 700 CFDs
  • Free VPS for active traders
Cons
  • Limited educational content
  • Nevis-registered branch carries higher risk
  • Complex account types and terminology
  • Demo account limitations
  • No in-house copy trading platform
  • Minimum deposit is a little expensive
  • History of regulatory non-compliance
Advantages of Trading
Maximum Leverage
1:500
Minimum Lot Size
0.01 Lot
Available FOREX Pairs
50 Currency pairs
Scalping
Yes
Hedging
Yes
Spread
Starting From 1.5 pip
Trailing Stop
Yes
Islamic Account
Yes
Trading Platforms
Web platform, MT4, MT5
Regulatory Bodies
Cysec
Broker Type
STP

Offering of Investments

Summary

FXOpen offers access to over 700 CFD instruments, including 50+ FOREX pairs, global indices, commodities, stocks, ETFs, and cryptocurrencies, making it well-suited for active traders who are looking for ECN execution and competitive pricing. While its product range is smaller than some top-tier brokers, it covers core asset classes.

FXOpen offers access to over 700 CFD instruments, targeting active traders who value access to global markets through an ECN infrastructure. While its range is smaller than some category leaders, FXOpen supports core asset classes with competitive pricing and reliable execution.

FOREX

FXOpen provides access to over 50 FOREX pairs, including majors like EUR/USD and USD/JPY, minors like AUD/NZD, and exotics such as USD/MXN. With raw spreads starting from 0.0 pips and a tiered commission structure, the FOREX offering is a highlight.

Leverage depends on where you live, up to 30:1 in the UK/EU and up to 1000:1 for global clients. ECN accounts support micro lot trading, hedging, and scalping strategies.

Indices

The broker gives you access to 10+ global indices, including popular contracts like the Nasdaq 100, S&P 500, and Nikkei 225.

All index CFDs are commission-free, and spreads are tight, especially when paired with the broker’s ECN execution. You can go both long and short when you trade with this broker.

Commodities

A modest but focused selection of 5+ commodity CFDs is available, covering energy products such as crude oil (XTI/USD) and metals like gold (XAU/USD) and silver (XAG/USD).

You can get access to commodity CFDs with floating spreads and competitive commission rates that scale down based on account balance.

CFD stocks

Traders can access over 600 share CFDs from major exchanges in the U.S., U.K., and Hong Kong. High-profile names like Tesla, Diageo, and BYD are available, and traders can use MT4, MT5, or TickTrader to execute share CFD trades with leverage and shorting capability.

ETFs

FXOpen includes more than a dozen ETF CFDs, such as ARK Innovation (ARKK) and Autonomous Technology & Robotics ETF (ARKQ).

These offer a convenient way to trade broader market themes, though the range is more limited compared to traditional brokers.

Cryptocurrencies

There are over 25 crypto CFD pairs, including BTC/USD and ETH/USD. However, crypto trading is restricted to professional clients in the UK due to regulatory blockers.

Commissions vary by account size and platform, with rates as low as 0.03% per side on TickTrader for large accounts.

Available assets

Markets Available Number of Assets
Currency Pairs 50
Stocks 553
Commodities 5
Crypto 41
Indices 10
ETFs 56

Account Types

Summary

FXOpen offers a tiered ECN account structure catering to different trader types, with all accounts providing raw spreads from 0.0 pips, direct market access, and support for scalping, hedging, and algorithmic trading. All accounts are compatible with MT4, MT5, TickTrader, and TradingView, and include negative balance protection and optional Islamic accounts.

FXOpen offers a tiered structure of ECN account types designed to accommodate many different trading volumes, experience levels, and strategies.

Account types

While this broker’s account lineup at first can be a bit more confusing than some competitors, each account type is built on a consistent ECN foundation, giving you direct market access, raw spreads from 0.0 pips, and variable commissions based on account balance or trading volume.

The broker has made it so its accounts reward higher activity with lower fees, making it appealing to cost-sensitive and high-frequency traders.

All FXOpen accounts support scalping, hedging, and algorithmic trading, and can be used across MT4, MT5, TickTrader, and TradingView platforms. Traders also get negative balance protection and Islamic (swap-free) accounts if they need them.

Basic ECN account
This is FXOpen’s entry-level account, accessible with a $300 minimum deposit. It features floating spreads from as low as 0.0 pips and a standard commission of $3.50 per lot per side. This works for casual or lower-volume traders.

The account supports micro-lot trading and provides access to the full range of available instruments. A quick note, the minimum deposit attached to this account may be on the high side for cash-strapped new traders.

Classic ECN account
If you are a more active trader, this account could be for you. Traders can get going with a minimum deposit of $1,000 and reduced FX commissions to $2.50 per side.

You can get faster execution and better pricing, with all ECN advantages remaining the same. This account is best for swing traders and mid-volume day traders who are looking to get the most out of the fees they spend without getting up to institutional tiers.

Advanced ECN account
This accounti s built for high-volume traders with deposits between $25,000 and $250,000. FX commissions drop to $1.80 per side, and crypto and commodity trading costs are also reduced.

Elite ECN account
This account is reserved for institutional or ultra-high-volume traders, the Elite ECN Account starts at $250,000 and features FX commissions as low as $1.50 per side.

Account Type Minimum Deposit Spread Commission Commission Swap Commission Deposit Commission Withdrawal Commission
Micro account 1$ Starting from 1.5 pip 0$ Yes 0$ 0$
STP account 10$ Starting from 1.5 pip 0$ Yes 0$ 0$
ECN account 100$ Starting from 1.5 pip Starting from 3.5$ and become less according to account balance and trading volume Yes 0$ 0$
Cryptocurrency account 10$ Starting from 1.5 pip 0.5% Yes 0$ 0$
Islamic account 100$ Starting from 1.5 pip Starting from 3.5$ and become less according to account balance and trading volume No 0$ 0$

Account opening

FXOpen’s account opening process is fully digital and designed to be straightforward for traders around the world.

What is the minimum deposit at FXOpen?

As we’ve mentioned, FXOpen offers a tiered ECN account structure with different minimum deposit requirements depending on the account level:

These tiers ensure that the broker can serve all sorts of traders, from individual traders starting small to institutional-level clients on the hunt for deep liquidity and cost efficiency.

It's worth noting that some funding methods may have additional minimum thresholds, depending on your location.

How to open your account​

Start by clicking “Open an Account” and fill out your personal details and submit information about your trading experience and financial status. Once your mandatory documents are reviewed, you’ll be notified that your account is verified. From there, you can fund your account and begin trading immediately across any supported platform.

Deposits and Withdrawals

Summary

FXOpen offers a flexible deposit and withdrawal system with support for multiple base currencies. Most funding methods, such as credit/debit cards, bank transfers, and e-wallets, are processed quickly, with deposits often instant and withdrawals typically handled within 24 hours, though bank transfers may take up to 5 business days. While FXOpen covers most fees for clients in the UK and EU, traders using the international entity might bump into third-party charges, depending on the payment method and region.

FXOpen’s deposit and withdrawal environment is designed to meet the needs of active traders who value quick turnaround and flexibility.

Account base currencies

The broker supports multiple base currencies, including USD, EUR, GBP, AUD, CHF, JPY, and BTC/USDT for crypto-specific accounts.

FXOpen deposit fees and options

You can get going with funding via credit/debit cards (Visa, MasterCard), bank wire transfers, and e-wallets like Skrill, Neteller, WebMoney, and Perfect Money. Clients using the TickTrader platform also have access to cryptocurrency deposits, including Bitcoin and Tether (USDT).

Deposit fees are largely covered by FXOpen for most methods, especially in the EU and UK. However, clients trading under FXOpen International (Nevis) could possibly incur third-party charges depending on their funding route.

As is the norm with most modern brokers, deposits via e-wallets and cards are processed instantly, while bank transfers may take 1–3 business days to reflect in your account.

FXOpen withdrawal fees and options

You can process your withdrawals through the same options as deposits: i.e., credit/debit cards, bank wires, e-wallets, and crypto (for TickTrader accounts).

The broker processes most withdrawal requests within 24 hours, though bank transfers can take up to 5 business days, depending on the region and currency.

While FXOpen tries not to charge internal withdrawal fees, third-party processing fees may apply. This happens a lot with smaller transfers or in cases where regional banking infrastructure is less developed.

As is the industry norm, all withdrawal requests must be made to accounts in the same name as the trading account.

Method Credit Card Wire Transfer Skrill Neteller Cryptocurrency PayPal
Deposit fee $0 $0 1% + small fixed fee 3.0% + fixed fee 0.5% of the amount Not available
Withdrawal fee $0 $30  1 %  1 % 0.5 % Not available

Customer Service

Summary

Overall, FXOpen’s customer support structure is efficient and practical, providing most of the touchpoints active traders need without unnecessary friction. While not the most expansive in terms of the number of languages accommodated, it’s more than adequate for a global client base focused on trading performance and platform reliability.

You can find 24/5 multilingual customer support via live chat, email, and phone. While the broker doesn’t advertise support in as many languages as some of the industry giants, coverage is solid in English, Russian, Arabic, and several European and Asian languages, which should be enough for most international clients to get help in a language they understand.

During our testing, we found the support team to be professional and generally responsive, particularly through live chat, where wait times are normally just a few minutes during business hours.

FXOpen also has a great Help Center housed in its website, where users can find a well-organized selection of FAQs, user guides, and platform walkthroughs. These resources are especially helpful for clients who prefer self-service options or are operating outside of core business hours.

Email Live Chat Phone WhatsApp
Availability Available Available Available Available
Quick response Fast Very Fast Moderate Fast

Commissions and Fees

Summary

FXOpen uses a transparent, commission-based ECN pricing model with floating spreads from 0.0 pips and tiered fees that reward high-volume traders, making it attractive for scalpers and professionals. Commissions start at $3.50 per lot per side and can drop to $1.50 for Elite ECN clients, while crypto trading fees on TickTrader range from 0.25% to 0.03% per side.

FXOpen takes a transparent, volume-specific approach to pricing, giving you access to raw ECN spreads and a commission-based model across all live-trading accounts.

This setup works well for high-frequency traders, scalpers, and institutional clients who put a premium on tight spreads and are comfortable with variable commissions.

Unlike brokers that blur the line between retail and institutional pricing, FXOpen clearly marks out which segment it is targeting.

Spreads

Spreads at FXOpen are floating and are supported by interbank liquidity providers, starting from 0.0 pips on major pairs like EUR/USD.

Because all trading accounts are ECN accounts, traders get the most from market-driven pricing, especially when using the TickTrader platform or accessing FIX API connectivity.

Commissions

FXOpen charges tiered commissions based on account type and trading volume. For most ECN accounts, fees begin at $3.50 per side per lot, dropping to as low as $1.50 per side on the Elite ECN account.

On TickTrader, crypto trades incur 0.25% per side, though reduced to 0.03% for Elite clients. This structure does a good job of making sure that cost efficiency scales with trading activity.

Swap Fees and Islamic Accounts

Islamic (swap-free) accounts are available upon request and are eligible across all platforms and account types. These accounts avoid interest charges but may apply fixed administrative fees on extended holdings.

Inactivity Fee

If you open an account and don’t trade, you’ll be on the hook for an inactivity fee of $10 per month after 90 days of dormancy.

Other Commissions and Fees

FXOpen does not charge internal deposit or withdrawal fees in regulated jurisdictions (UK, EU), but third-party processor charges could apply, depending on the payment method or location. As always, traders should verify fees for crypto or international wires before starting transfers.

Asset kind Spread Commission Swap Islamic Account
Currencies Starting from 0.0 pips $1.50–$3.50 yes available
Stocks not mentioned $0 yes available
Commodities Starting from 0.0 pips $0 yes available
Indices Starting from 0.0 pips $0 yes available

Platforms and Tools

Summary

FXOpen offers a strong multi-platform experience with support for MT4, MT5, TickTrader, and TradingView, each catering to different trading styles and interface preferences. Traders benefit from advanced order types, one-click execution, and customizable alerts, with such modern features as Level 2 pricing and mobile push notifications enhancing speed and responsiveness across platforms.

FXOpen delivers a versatile multi-platform offering. The broker is not limited to a single system, but supports a range of platforms, including MT4, MT5, TickTrader, and TradingView.

Look and feel

MT4 and MT5 provide the classic MetaTrader experience with clean charting and essential technical analysis tools, while TickTrader offers a more modern, customizable interface with advanced order management and Level 2 pricing.

TradingView, recognized for its intuitive design and extensive community-driven scripts, further enriches the suite.

Login and security

Logging in is straightforward with standard username and password credentials.

Search functions

The search functionality on all platforms is basic but effective. You can quickly locate instruments by scrolling through or directly entering symbols.

MT5 and TradingView provide slightly more intuitive and organized views than MT4, helping traders navigate an expanding list of available assets, even if advanced filtering options are not as deep and detailed as those found in some proprietary platforms.

Placing orders

You can execute market, limit, stop, and trailing stop orders easily. The platforms support advanced order types and one-click trading, meaning that scalpers and high-frequency market participants can react quickly to market movements.

Alerts and notifications

Alerts and notifications can be configured directly on all platforms. While MT4 and MT5 offer standard price and sound alerts, TradingView and TickTrader provide more comprehensive options, including push notifications to mobile devices and email alerts.

Mobile Trading

Summary

FXOpen offers robust mobile trading through MT4, MT5, TickTrader, TradingView, and its proprietary FXOpen App, all accessible on iOS and Android devices. While the platforms support smooth order execution, intuitive search, and mobile alerts, features like biometric login and fully independent mobile alert setup are limited to TickTrader, TradingView, and the FXOpen App.

FXOpen’s mobile trading options offer solid on-the-go functionality across MT4, MT5, TickTrader, and TradingView mobile apps. It also has its proprietary FXOpen App that gives you the flexibility to manage your trading accounts securely and with total confidence.

Platforms

FXOpen supports mobile trading via MT4, MT5, TickTrader, TradingView, and the proprietary FXOpen App. These platforms are well-known, stable, and accessible from both iOS and Android devices.

Look and feel

The MT4 and MT5 apps are familiar and easy to navigate, while TickTrader provides a more modern feel with adjustable layouts and multi-asset tabs.

TradingView is a frontrunner for the prettiest platform with its sleek charting and social tools. However, as with most mobile trading platforms, detailed technical analysis on small screens can be cumbersome.

The proprietary FXOpen App is secure, reliable, and user-friendly, and features a well-designed interface.

Login and security

Mobile login is handled through standard username and password protocols. None of the mobile platforms offer built-in two-factor authentication or biometric login such as Touch or Face ID.

Search functions

Asset search tools are effective and straightforward. Traders can either scroll through lists or type in ticker symbols to find instruments. Categorization is better on MT5 and TradingView than MT4, making it easier to search among larger product sets.

Placing orders

Order execution on mobile is smooth and supports Market, Limit, Stop, and trailing stop orders, depending on the platform. Good 'til Canceled (GTC) and Good 'til Time (GTT) conditions can also be supported on most mobile platforms. One-click trading is available.

Alerts and notifications

MT4 and MT5 require you to set alerts from the desktop platform for mobile notifications to function, which is somewhat counter-productive as traders need all functions to be mobile. The FXOpen app, TickTrader, and TradingView offer better support for price alerts on mobile..

Research and Development

FXOpen provides a functional but modest research and educational offering. It’s the type of offering that self-directed and experienced traders would appreciate more than beginners.

The broker offers daily market commentary and technical insights through its blog and analysis section, covering FOREX, commodities, indices, and cryptocurrency markets. Updates are timely and market-relevant, focusing on high-level overviews, key support and resistance levels, and trend signals that active traders can incorporate into their own analysis.

One thing to know is that this broker’s educational resources are less structured compared to top-tier brokers. There is no formal learning academy or live webinar schedule, and materials are primarily article-based.

Trading statistics

FXOpen does not provide built-in analytics like win/loss ratios or performance dashboards directly in its client portal. Nor does it offer AI-driven trading insights or third-party trading signal services.

Trading Signals

While FXOpen does not offer proprietary trading signals, clients can integrate third-party services like Autochartist, Trading Central, or custom Expert Advisors on supported platforms.

Unlike some brokers, FXOpen does not feature social or copy trading via its native infrastructure, though MT5 and TickTrader may support third-party solutions, depending on configuration.

Education

FXOpen offers a lean but functional education offering that mostly targets traders with some prior knowledge of financial markets.

This broker is not about beginner-friendly brokers with structured academies or multilingual webinars. Rather, it takes a minimalist approach, with most of its content delivered through written articles and blog posts rather than interactive learning tools.

The broker does not currently provide a dedicated education portal, live webinars, or step-by-step video tutorials. However, you can access occasional how-to guides and platform walkthroughs through its website and support materials, with some content designed to help users understand ECN trading, leverage, and risk management.

Final Thoughts on FXOpen

FXOpen is a broker with raw pricing, fast execution, and a multi-platform environment. With regulatory oversight from two Tier-1 regulators, as well as the far lesser known regulator in Nevis, the broker offers a degree of safety and operational transparency suitable for experienced traders operating across global markets.

The broker’s ECN and STP account types offer thin raw spreads, with commissions as low as $1.50 per side per standard lot on ECN accounts. Retail traders can access over 700 instruments across FOREX, indices, commodities, shares, and cryptocurrencies, making FXOpen one of the few brokers offering spot crypto and crypto indices alongside traditional CFD products.

Its pricing model, range of base currencies, and platform choice make it versatile for self-directed traders, but beginners may find the lack of in-house education and a more polished onboarding process challenging.

Conclusion

FXOpen is a technically adequate broker that hands off its platform needs to recognized third parties. It has a growing footprint and a focus on raw pricing and fast execution.

Regulated by top-tier authorities like the FCA and CySEC, FXOpen offers some level of multi-jurisdictional protection, segregated client funds, and negative balance safeguards. Its ECN and STP accounts feature competitive spreads from 0.0 pips and ultra-low commissions starting at $1.50 per side, appealing to cost-conscious professionals.

While the broker does not heavily invest in education or offer a proprietary research suite, it compensates with a strong execution framework and support for advanced trading tools like FIX API and VPS hosting. Cryptocurrency support and a diverse lineup of 600+ CFD instruments round out its offering.

FXOpen in Brief

This broker blends advanced third party infrastructure with competitive trading costs and an acceptably wide asset range, making it ideal for active and more experienced traders. Though it may not excel at any one thing, such as beginner or expert trading, its flexible platforms and raw spread pricing make it a compelling choice for many market participants.

Review Methodology

The team at Arincen collected over 120 pieces of data covering in excess of 100 licensed FOREX companies. Data collection was done in three ways:

  1. Companies’ Websites.

  2. Other Websites that have ranked FOREX companies.

  3. A survey questionnaire (referred to here as Survey “1”) we had sent to the companies invited to participate in the exercise. 

We have identified 12 criteria for our assessment, each containing several aspects and carrying its own relative weight. These include licensing, deposits and withdrawals, number of assets etc.  

Afterward we validated the data by:

  1. Registering with FOREX companies as a secret shopper and/or as Arincen.

  2. Survey number “2,” in which we asked these companies’ customers for important feedback and past experience. 

The next step saw us evaluate and rank each company, relying on the hard work of 15 Arincen employees. We were very careful in ensuring the most accurate assessment possible, including taking into account different languages, as well as the various mobile-app operating systems, e.g., Apple, Samsung etc.

To add credibility to our research project, we sent a final and third survey (referred to here as Survey “3”) to enable participating FOREX companies evaluate our own research and whether it accurately reflects the realities on the ground. We were fortunate enough to receive a mark of 9.9 out of 10! We have kept to a minimum the margin of error, which stood at a measly 1%. To learn more on how we came up with the evaluation, please click here.

FAQ

Is FXOpen a regulated broker?

Yes. FXOpen is regulated by several financial authorities, including the FCA, CySEC, and Nevis’s FSRC.

What protections are in place for client funds?

Client funds are protected up to £85,000 under the Financial Services Compensation Scheme (FSCS). Clients of FXOpen EU are protected up to €20,000 under the Investor Compensation Scheme (ICS). Offshore clients do not receive the same level of protection.

What is the minimum deposit to open an account at FXOpen?

The minimum deposit starts at $300 for a basic ECN account. Other account tiers, such as Classic, Advanced, and Elite ECN, require higher deposits, ranging from $1,000 to over $250,000, depending on trading volume and account benefits.

What trading platforms does FXOpen support?

FXOpen supports MT4, MT5, TickTrader, and TradingView, offering flexibility for traders of various skill levels and trading strategies.

Are cryptocurrency CFDs available for retail traders?

No, under FCA rules, cryptocurrency CFDs are only available to Professional Clients. Retail traders in the UK cannot access crypto CFD trading via FXOpen.

What fees should I be aware of?

FXOpen charges commissions based on account size and trading volume, with FX spreads starting from 0.0 pips and commissions ranging from $3.50 to $1.50 per lot. There are also swap fees, inactivity fees, and currency conversion charges.

Does FXOpen offer educational resources?

Yes, although FXOpen’s educational offerings are somewhat limited when compared to big competitors like IG or eToro. It lacks webinars, strategy guides, and in-depth tutorials for beginner traders.

How long do withdrawals take?

Withdrawals made by bank transfer take 1–3 business days, while card withdrawals typically take 2–5 business days, depending on your bank. FXOpen does not accept third-party payments, and fees may apply depending on the method used.

Writer: Adrian Ashley
Adrian Ashley

Adrian Ashley is a seasoned business and finance writer. With a corporate career spanning over 20 years, he has developed deep experience in such diverse areas as investing, business, finance, technology and macroeconomics.

Editor: Richard Sine
Richard Sine

Richard Sine is a long-time technical editor and writer. His credits include a weekly column in the New York Times and a book in the Dummies series. His work in the financial industry includes major U.S. an

Checker: Bahaa Khateeb
Bahaa Khateeb

Bahaa Khateeb is currently the CEO of Arincen, a start-up Fintech company based in Haifa. Bahaa has been involved with Arincen since its inception in 2015, occupying different positions. He self-taught abo

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