In this FXOpen Review, we are going to take a look at the offer that this broker prepared for its traders. FXOpen is regulated by the ASIC in Australia and by the FCA in the UK. FXOpen operates on the financial market since 2005. When it comes to trading platforms, the broker features MetaTrader 5 and MetaTrader 4. The FXOpen minimum deposit is 100 USD.
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 this FXOpen Review
Website address: | https://www.fxopen.com/en/ |
Operated by: | FXOpen Markets Limited |
Licensed and authorised by regulatory bodies: | ASIC FCA |
Supported languages: | English, German, Spanish, French, Italian and Portuguese |
Customer support available via: | E-mail, phone, live-chat |
Contact details: | [email protected] (+61) 8 6557 8587 |
Available deposit methods: | Bank transfer, Debit and Credit Cards, Yandex Money, ePayments, Paytoday, Paysafecard, WebMoney, Neteller, Skrill, QIWI Wallet, Perfect Money, FasaPay |
Available withdrawal methods: | Most likely the same as the deposit methods |
Minimum deposit: | 100 USD |
Min. trade in lots: | 0.01 |
Spreads: | Typical spread on the currency pair EUR/USD - 1,0 pips * on standard account type |
Tradable assets: Might be a CFD. | Forex (95), indices (12), cryptocurrencies (3) |
Demo: | |
Mobile app: | |
MetaTrader 4: | |
Other trading platforms: | MetaTrader 5 |
Social trading: |
FXOpen Fees (typical spreads)
We have scanned fees (typical spreads) that FXOpen charges when trading popular currency pairs, here is their breakdown in pips.
EUR/GBP | EUR/USD | USD/CHF | EUR/JPY | GBP/USD | USD/JPY |
---|---|---|---|---|---|
* | 1,0* | * | * | * | * |
*Typical spreads were recorded on 31.05.2019 at 14:17 for the standard account. FXOpen spreads in the table above serve as illustrative examples only as they for instance, may change according to the market conditions.
Random reviews of competing FX & CFD brokers: PrimeXQ, Atirox, BlackBullMarkets and CLMForex
Frequently Asked Questions
🧐 Is FXOpen a Scam?
FXOpen is a broker licensed and regulated by the ASIC and FCA. While regulation gives to brokers much needed credibility, it still does not mean every regulated broker is honest. In order to be sure that FXOpen is not a scam, read our trader reviews and check other popular trading related websites and forums.
🆓 What is the FXOpen minimum deposit?
In order to start trading with FXOpen, you have to deposit at least 100 USD.
📵 What deposit and withdrawal methods FXOpen supports?
⚖️ Would you recommend me choosing FXOpen?
We don’t have our own personal experience with FXOpen. However, because the broker is regulated by the ASIC and FCA, there is a high chance that it is not a scam. With that being said, it still does not mean that FXOpen is the best option, as there are also hundreds of other regulated brokers with similar or even better trading conditions.
Should you be looking for a highly reliable broker featuring forex trading and CFDs, you can get your hands on our marketing broker Etoro – (77% of of retail investor accounts lose money when trading CFDs with this provider), which is a CySEC regulated company that allows trading from as little as $50 and charges highly competitive fees on all assets.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
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 ¹ Variable spreads, spreads recorded for the EUR/USD on 11.01.2024 at 11:42 GMT.
I started trading with FXOpen in the Year 2012 and now i am a successful trader with them.
They have Direct Inter Bank pricing Model which is connected to Tier 1 Banks Liquidity pools.
Opening and Closing the trades is very Fast and Accurate.