FXOpen Review 2023 – Pros and Cons

UPDATED ON :

FXOpen is a reputable forex broker that has been in operation since 2005. The broker offers a range of trading platforms, including the popular MetaTrader 4 and MetaTrader 5 platforms, as well as their own proprietary platform, FXOpen Trader. This gives traders a choice of platforms to suit their preferences and trading styles.

FXOpen provides access to a wide range of financial instruments, including currency pairs, precious metals, commodities, indices, and cryptocurrencies. This allows traders to diversify their portfolios and trade a variety of markets.

FXOpen Markets Limited is a company duly registered in Nevis. FXOpen is a member of The Financial Commission.

FXOpen also offers competitive spreads and low trading commissions, which can help traders keep their trading costs low. The broker provides a variety of deposit and withdrawal options, including bank transfers, credit/debit cards, online payment systems, and cryptocurrencies.

In terms of customer support, FXOpen offers 24/5 support via live chat, email, and phone. The broker also provides a range of educational resources, including webinars, video tutorials, and trading guides, which can help traders improve their trading skills and knowledge.

Overall, FXOpen is a reputable forex broker that provides a range of trading platforms, access to multiple financial instruments, competitive trading conditions, and strong regulatory oversight.

FXOpen

Brokers Name

FXOpen

Regulation

FXOpen INT is a member of The Financial Commission

Established

2005

Headquarters

Charlestown, Nevis

Trading Desk

ECN/STP

USA Clients

no

24H Support

Yes

Weekend Support

no

Website Language

English, Français, Deutsch, Magyar,r Italiano, Español, Turkish, Arabic, Russian, Português, Bahasa Indonesia, Thai

Account Details

Accounts

ECN, STP, Crypto, Micro

Min. Deposit

$1

Base Currencies

USD, EUR, GBP, CAD, AUD, CHF, JPY, CNY

Leverage

1:500

Spreads

0.0 pips

Fixed Spread

Yes

Margin Call / Stop Out

20% / 10%

Trading Platform

MetaTrader 4, MetaTrader 5, TickTrader, Web Trader, Trader’s Tools, VPS, Fix API

Trading Instruments

Forex, Indices, Commodities, Shares, ETF, Cryptocurrencies

Pros

  • FXOpen Markets Limited is a company duly registered in Nevis
  • FXOpen is a member of The Financial Commission
  • True ECN/STP broker
  • Enjoy low cost trading with spreads from 0.0 pips
  • Ultra-fast execution

Cons

  • Insufficient amount of training materials
  • There is no way to order a call back

Trading Features

Commission

Yes

Mini Accounts

Yes

Standard Accounts

Yes

VIP Accounts

no

Pro Accounts

no

Islamic Accounts

Yes

Segregated

no

Managed Accounts

no

Demo Accounts

Yes

Trading Services

Hedging

Yes

News Trading

Yes

Scalping

Yes

Automated Trading

Yes

Trading Signals

no

Educational Service

Yes

Copy Trading

no

Mobile Trading

Yes

Trading Markets

Indices

Yes

Forex

Yes

CFDs

Yes

Commodities

Yes

ETFs

Yes

Stocks

Yes

Bonds

Yes

Crypto

Yes

Funding

Deposit

VISA, MasterCard, Maestro, Discover, JCB, МИР, WebMoney, Skrill, Neteller, Perfect Money, bank currency transfer, debit cards, credit cards, prepaid codes

Withdrawal

VISA, MasterCard, Maestro, Discover, JCB, МИР, WebMoney, Skrill, Neteller, Perfect Money, bank currency transfer, debit cards, credit cards, prepaid codes

Contacts

Phone

+64 9 801 0123

Email

sales@fxopen.com

Address

P.O. Box 590, Springates East, Government Road, Charlestown, Nevis

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