Overview
A well-known online broker in forex and CFD in Cyprus, FXOpen is the global online brokerage that has been engaged in trading since 2003. FXOpen caters to the needs of both retail and institutional traders by providing optimal trading conditions, powerful platforms, and various types of accounts. The broker is proud of its focus on technological advancement, making its ECN trading model available to traders for superior pricing and execution.
The pros and cons are as follows:
Pros:
-
Fees and trading conditions are competitive and one of the best in the market
-
FXOpen offers true ECN brokerage features
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VIP Discounts Available
Cons
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Not suitable for beginners
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Limited Forex Pairs
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Lack of Educational Resources
- Founded
- 2003
Strengths and watchouts
- Fees and trading conditions are competitive and one of the best in the market
- FXOpen offers true ECN brokerage features
- VIP Discounts Available
- Not suitable for beginners
- Limited Forex Pairs
- Lack of Educational Resources
Safety and regulation
FXOpen is regulated by reputed authorities like: The client funds are maintained in a segregated account and thus safety of funds is completely guaranteed. FXOpen uses strong encryption technologies and negative balance protection for retail traders.
- FCA
- CySEC
Between 70% and 85% of retail investor accounts lose money when trading CFDs with most regulated providers — the exact figure for any specific broker is published on that broker's own website. Consider whether you understand how these instruments work and whether you can afford the high risk of losing your money.
Markets available
- Over 50 pairs of currency (major, minor and exotic currency pairs)
- Gold, silver, crude oil, and natural gas
- CFDs on global indices like S&P 500, NASDAQ, and FTSE 100
- Trade Bitcoin, Ethereum, Litecoin, and other cryptocurrencies
- CFDs on global equities from almost all major exchanges.
Account types
| Account | Min deposit | Commission | Leverage |
|---|---|---|---|
| ECN | $0 | 0.0 | 1:1 to 1:500 |
Fees and costs
On account of transparency, FXOpen charges no hidden fees:
Trading platforms
- MetaTrader 4 (MT4)
for Forex trading, which is well known for automated trading features
web - MetaTrader 5 (MT5)
is a more advanced form of the MT4 Platform, with such tools as market depth and multi-asset trading
desktop - TickTrader
a platform that is proprietary to FXOpen, brings all forex, stock, and cryptocurrencies together under a single platform
desktop
Deposits and withdrawals
- Bank transfers
- Debit/Credit Card
- Skrill
- Neteller
- etc.
- as well as Cryptocurrency deposits.
How we reviewed this broker
Each broker review documents the broker's claimed regulators, cross-references them against the public registers (FCA, CySEC, ASIC, FSCA, BCC and others), and notes any divergence. Where a regulator has issued a public advisory, the URL is cited inline so a reader can verify it directly. Tradable instruments, account types, and fees are sourced from the broker's published disclosures or documented as unavailable. The full scoring methodology is public.
Read the full methodology →Frequently asked questions
Is FXOpen a regulated broker?
Which trading platforms does FXOpen offer?
What is the minimum deposit to open an account?
What leverage levels do they offer?
Reader reviews
Petar
Feb 9, 2025
I experienced a frustrating issue with my deposits at FXOpen. Two volet deposits and a litecoin deposit were never credited to my account, leaving my funds unaccounted for. Despite reaching out for assistance, I didn't receive any support or an official explanation. The only response I got was to wait, with assurances that the money would eventually appear. According to their website, volet deposits should be instant, and litecoin deposits should be confirmed after three blockchain confirmations. Unfortunately, this wasn't the case for me. FXOpen seems to deny any responsibility, and I am still waiting for my money to be returned.
WEAPON
Feb 6, 2025
I've been with FXOpen for a few months, and overall, it's been a positive experience. Initially, I encountered a small hiccup when the platform requested extra documents after I'd finished the verification process. Fortunately, their support team handled it swiftly and efficiently. Over time, I've successfully made numerous deposits and withdrawals, and I've been enjoying my leveraged MT4 ECN account without any issues. I wholeheartedly recommend FXOpen to others.
Elson Mabhena
Feb 4, 2025
The email support team is quite efficient and eager to assist. They typically reply within a day and provide thorough explanations when necessary. On the other hand, the Live Chat representatives seem uninformed about their own platform. They often provide outdated or incorrect details, seemingly to end the conversation quickly. Despite this, I'm hopeful for a positive trading experience ahead.
Showing 1–3 of 10 reviews