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FXOpen Broker

Discover FXOpen, a top-tier forex and CFD broker since 2003, offering advanced platforms, ECN accounts, and cryptocurrency trading for both retail and institutional traders.

Updated: 14 April 2026

Overall Rating

4.4 / 5

Min Deposit

$1

Instruments

5

Regulation

The Financial Commission

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About its history and mission

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

  • VIP Discounts Available

Cons

  • Not suitable for beginners

  • Limited Forex Pairs

  • Lack of Educational Resources

Founded
2003
Headquarters
Address
Website

Strengths and Weaknesses

Strengths

  • Fees and trading conditions are competitive and one of the best in the market
  • FXOpen offers true ECN brokerage features
  • VIP Discounts Available

Weaknesses

  • Not suitable for beginners
  • Limited Forex Pairs
  • Lack of Educational Resources

Safety and Regulations

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.

Regulators

  • Cyprus Securities and Exchange Commission (CySEC), and
  • Australian Securities and Investments Commission (ASIC).

Instruments Available

Over 50 pairs of currency (major, minor and exotic currency pairs)Gold, silver, crude oil, and natural gasCFDs on global indices like S&P 500, NASDAQ, and FTSE 100Trade Bitcoin, Ethereum, Litecoin, and other cryptocurrenciesCFDs on global equities from almost all major exchanges.

Types of Accounts

ECN

Minimum deposit
$0
Commission
0.0
Available tools
0
Leverage
1:1 to 1:500
Margin call level
100
Stop-out level
50

Fees and Charges

On account of transparency, FXOpen charges no hidden fees:

Commission-free
Trade Fee: The spread for ECN accounts start from 0.0 pips with a fee on each side of the lot in the range of $2.5–3.5. The other accounts type quite significantly have higher spreads but are commission-free.

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

Customer Support

Contact information not available. Visit the broker’s website for support options.

Deposits and Withdrawals

Methods

Bank transfersDebit/Credit CardSkrillNetelleretc.as well as Cryptocurrency deposits.
Processing time
Deposits are generally instant. There is a delay in withdrawal processing, which may take one to three business days.
Fees
They do not have charges on deposits, but what fees come with withdrawal depends on the method of withdrawal.

FAQ

Is FXOpen a regulated broker?
Yes, several major financial regulators, including CySEC and ASIC, enforce firm control over FXOpen, guaranteeing a completely secure and transparent trading environment.
Which trading platforms does FXOpen offer?
FXOpen presents an array of well-established trading platforms: MetaTrader 4, MetaTrader 5 and its own creation of the TickTrader platform.
What is the minimum deposit to open an account?
Different account types have minimum deposits for new accounts. Micro accounts are as minimum as $1 to open while ECN accounts are only $100.
What leverage levels do they offer?
FXOpen offers leverage up to 1:500 across the different account types and under the regulations for different jurisdictions.

Users 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