General Overview
FXOpen is a global forex and CFD broker that has been active since 2005. It offers trading services through different branches in the UK, EU, Australia, and worldwide. Each branch is licensed by a local regulator, which makes the broker more reliable. Traders can open accounts based on their region and enjoy trading under trusted financial rules.
The broker provides access to popular platforms like MetaTrader 4, MetaTrader 5, TickTrader, and TradingView. These platforms are easy to use and fit both beginners and advanced traders. FXOpen also offers a wide range of markets. Clients can trade forex pairs, indices, commodities, stocks, and cryptocurrencies, depending on local rules.
FXOpen is known for its ECN accounts with low spreads and fast execution. This makes trading cheaper and more transparent. Client funds are kept in separate accounts for safety, and extra protection is available in regions like the UK and EU. With nearly two decades of experience, FXOpen has built a solid reputation as a regulated and trustworthy broker that serves traders worldwide.
- Offers protection via FSCS up to ~£85,000 for UK clients.
- Tight spreads and low commissions on ECN accounts.
- Wide selection of tradable instruments across FX, commodities, indices, stocks, crypto (where regulation allows)
- Negative balance protection in many jurisdictions.
- Their educational content is limited
- Regulation in some regions weakened: loss of ASIC license in 2024.
- Crypto CFDs are banned for UK retail clients (due to FCA rules).
Regulations: ASIC (Australia), FCA (UK), CySEC (Cyprus)
FXOpen is a broker that takes trust and safety seriously. The company operates under well-known regulators in several regions. This means it must follow strict financial laws and provide fair trading conditions. Traders can choose the branch that matches their country or needs. By doing this, FXOpen makes sure clients trade in a safe and controlled environment.
Is FXOpen Regulated
Yes, FXOpen is regulated in multiple parts of the world. In the UK, it is authorized by the Financial Conduct Authority (FCA). This is one of the most respected regulators in the world. In the European Union, FXOpen EU is licensed by CySEC, the financial authority of Cyprus. In Australia, FXOpen AU is licensed by the Australian Securities and Investments Commission (ASIC). The global branch is regulated by the Financial Services Commission (FSC) in Nevis. Each license means the broker must follow local laws, offer transparent services, and protect traders from unfair practices.
Clients Funds Security
FXOpen keeps client money safe with strong rules. All client funds are stored in segregated accounts. This means the broker cannot use traders’ money for its own operations. Only the client can access those funds. In addition, regional protection schemes apply. In the UK, traders are protected by the FSCS, which can cover up to £85,000 if the broker fails. In the EU, clients are protected by the ICF, which can cover up to €20,000. These protections give traders more peace of mind. FXOpen also provides negative balance protection, so clients cannot lose more than their deposits.
Company Background
FXOpen started in 2005 as a small trading school. The goal was to teach people how to trade forex. Later, the founders decided to launch a brokerage service. Since then, FXOpen has grown into a global broker with thousands of clients. It now has offices in the UK, Cyprus, and Australia. The company has been active for almost two decades. Over the years, it introduced new technology like ECN trading and low-spread accounts. Today, FXOpen is known for transparency, reliability, and innovation. Its long history and international presence make it a trusted choice for many traders.
MetaTrader 4 (MT4) | MetaTrader 5 (MT5) | TickTrader (proprietary platform) | TradingView
Visit PlatformsFXOpen gives traders access to four main trading platforms. These platforms are MetaTrader 4, MetaTrader 5, TickTrader, and TradingView. Each one is designed for different trading styles and needs. MetaTrader is the most popular and trusted choice worldwide. TickTrader is FXOpen’s own advanced platform. TradingView is well known for its powerful charts and social features. All platforms are easy to use and work on desktop, web, and mobile. Depending on the branch, traders may find small differences in availability, as local rules and licenses can affect what is offered. However, in most regions FXOpen supports all four, giving clients a wide choice to match their trading goals.
FXOpen MetaTrader 4 (MT4)
FXOpen offers MT4 for all types of traders. It comes with ECN and STP account options, which means low spreads and fast execution. FXOpen MT4 supports automated trading with Expert Advisors (EAs). It also has many indicators and tools already built in. The platform is available on desktop, web, and mobile so clients can trade anywhere. FXOpen connects MT4 to deep liquidity, giving traders better pricing and more stable order filling compared to many brokers.
FXOpen MetaTrader 5 (MT5)
At FXOpen, MT5 is offered to clients who want more advanced features and more markets. It supports forex, indices, shares, commodities, and crypto (depending on region). FXOpen MT5 gives access to ECN accounts with tight spreads and fast market execution. It also allows hedging, netting, and the use of advanced trading robots. The platform is available on web, desktop, and mobile, and connects to FXOpen’s liquidity pool for reliable pricing.
FXOpen TradingView.
FXOpen connects its accounts directly with TradingView. This means clients can trade right from the TradingView charts. FXOpen TradingView offers access to ECN pricing with very low spreads. Traders can use the full range of TradingView charts, indicators, and drawing tools. They can also share ideas with other traders in the TradingView community. The platform works in any browser and is easy to link with an FXOpen account. This setup gives clients the benefit of strong analysis tools combined with FXOpen’s market execution.
FXOpen Exclusive platform (TickTrader)
TickTrader is FXOpen’s own platform. It is designed for serious and professional traders. It supports forex, commodities, indices, shares, and crypto from a single account. FXOpen TickTrader offers deep market depth, five levels of order book, and advanced order types. It also has low-latency execution, which is good for scalping and algorithmic trading. TickTrader can be used on desktop, web, and mobile. FXOpen clients also get access to APIs for building their own trading systems on TickTrader.
Instruments: 50+ Forex pairs, 535 US equity CFDs, 39 cryptocurrencies, 9 indices, 5 commodities
FXOpen offers a wide range of tradable instruments to cater to diverse trading strategies and preferences. The broker provides access to forex, cryptocurrencies, commodities, indices, and more, enabling traders to diversify their portfolios and explore different markets. In the forex market, FXOpen supports over 50 currency pairs, including major, minor, and exotic pairs, allowing traders to capitalize on global currency fluctuations. Additionally, FXOpen’s cryptocurrency offerings enable traders to trade popular digital assets like Bitcoin, Ethereum, and Litecoin, providing opportunities to profit from the volatility of the crypto market. For those interested in commodities, FXOpen offers instruments like gold, silver, and oil, which are favored for their safe-haven status and global demand. The platform also provides access to stock indices, including the S&P 500, NASDAQ, and FTSE 100, allowing traders to speculate on the performance of entire markets or specific sectors. With a diverse range of instruments, FXOpen ensures that traders have the flexibility to build a well-rounded and dynamic trading portfolio tailored to their risk tolerance and trading goals.
Forex
FXOpen offers a wide selection of forex pairs, including major, minor, and exotic currencies. The broker supports over 50 currency pairs, with highly liquid options like EUR/USD, GBP/USD, and USD/JPY available. Traders benefit from low spreads and access to market-moving news events that can significantly impact currency values. FXOpen also provides leverage on forex pairs, with some accounts offering leverage up to 1:500, enabling traders to take larger positions with less capital.
Cryptocurrencies
FXOpen allows traders to trade a variety of cryptocurrencies, including popular coins like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP). These digital currencies can be traded against the USD, EUR, and other major fiat currencies. Given the volatile nature of cryptocurrencies, FXOpen offers leverage on certain pairs, providing traders with the opportunity to amplify their exposure to market movements.
Commodities
FXOpen offers commodities such as gold, silver, and oil for trading. These instruments are often viewed as safe-haven assets during times of economic instability, and traders can use them to diversify their portfolios. The broker’s competitive spreads and leverage options make it easier for traders to take advantage of price fluctuations in these markets.
Indices
FXOpen offers a range of stock indices for traders to speculate on the performance of major markets, such as the S&P 500, NASDAQ, and FTSE 100. Indices are a popular choice for traders who want to gain exposure to a basket of stocks and diversify their portfolios. Trading indices also allows traders to benefit from broader market movements and economic trends.
FXOpen offers a variety of account types to meet the needs of different traders. Whether you are a beginner, an active day trader, a professional, or a cryptocurrency trader, FXOpen has an account that fits your goals. Each account provides access to multiple markets and popular trading platforms, with features designed to match different experience levels and trading styles.
FXOpen Standard Account
The Standard Account is designed for beginner and casual traders. It offers no commission on trades, with spreads starting from around 1 pip. This account type provides access to a variety of markets, including forex, commodities, and indices. It's available on popular platforms like MetaTrader 4 (MT4), MetaTrader 5 (MT5), TickTrader, and TradingView. The Standard Account is suitable for those looking to start trading with moderate costs and without the complexity of additional fees.
FXOpen ECN Account
The ECN (Electronic Communication Network) Account is tailored for traders seeking direct market access with tighter spreads and low commissions. Spreads can start from 0.0 pips, with commissions from $1.50 per lot. This account type is ideal for day traders, scalpers, and high-volume traders who require fast execution and transparent pricing. It supports automated trading strategies using Expert Advisors (EAs) and is available on MT4, MT5, TickTrader, and TradingView platforms. The ECN Account provides access to over 700 markets across five asset classes, including forex, indices, commodities, shares, and cryptocurrencies, depending on regional regulations.
FXOpen Pro ECN Account
The Pro ECN Account offers even tighter spreads and deeper liquidity, catering to professional traders and institutions. It provides access to a wider range of instruments and supports advanced trading strategies. Like the ECN Account, it allows for automated trading with EAs and is available on MT4, MT5, TickTrader, and TradingView platforms. This account type is suitable for experienced traders who require enhanced trading conditions and greater flexibility.
FXOpen Cryptocurrency Account
The Cryptocurrency Account is specifically designed for trading digital currencies. It offers access to major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC), subject to regional regulations. This account type supports both manual and automated trading strategies and is available on MT4, MT5, TickTrader, and TradingView platforms. It's ideal for traders looking to capitalize on the volatility and opportunities within the cryptocurrency markets.
FXOpen offers a variety of convenient deposit and withdrawal methods, ensuring that traders can easily fund and withdraw from their accounts. The broker supports multiple payment options, including traditional methods like bank wire transfers and credit/debit cards, as well as modern options such as e-wallets like Skrill, Neteller, and WebMoney. These diverse payment methods cater to traders worldwide, allowing them to deposit and withdraw funds in a way that suits their preferences. FXOpen also supports cryptocurrency deposits and withdrawals, making it an attractive option for traders who prefer digital currencies like Bitcoin or Ethereum. The minimum deposit required to start trading is relatively low, making it accessible for traders with smaller capital. Withdrawal times vary depending on the method used, with e-wallets typically offering faster processing times compared to bank wire transfers, which may take a few business days. While some deposit methods are free, certain payment providers may charge fees, especially for withdrawals. Traders are advised to review the available methods and associated fees on FXOpen’s platform before making transactions to ensure they choose the most cost-effective option.
FXOpen Deposit Options and Fees
FXOpen offers a wide range of deposit methods to accommodate traders globally. Common deposit options include:
- Credit and Debit Cards – Deposits via Visa, MasterCard, and other major credit cards are supported, enabling traders to fund their accounts quickly. Some fees may apply depending on the payment provider.
- Bank Wire Transfers – This traditional method is available for larger deposits. While secure, bank transfers may take several days to process.
- E-wallets – FXOpen supports popular e-wallets like Skrill, Neteller, and WebMoney, offering faster and often fee-free deposits compared to bank transfers.
- Cryptocurrency – FXOpen accepts cryptocurrency deposits, including Bitcoin, Litecoin, and Ethereum, making it a preferred choice for crypto traders.
The minimum deposit requirement varies by account type, but FXOpen generally offers low minimum deposit amounts, sometimes as low as $1. This accessibility makes FXOpen a viable option for both beginners and experienced traders. Traders should review the fees associated with different deposit methods before making a deposit.
FXOpen Withdrawals Options and Fees
FXOpen offers a variety of withdrawal methods, including:
- Bank Wire Transfers – Withdrawals via bank wire transfers are secure but may take several days to process and may incur fees depending on the bank.
- Credit and Debit Cards – Funds can be withdrawn to the same credit/debit card used for the deposit, providing a convenient option for traders.
- E-wallets – E-wallet withdrawals are typically processed faster than bank transfers, often within a few hours. Popular e-wallets include Skrill, Neteller, and WebMoney.
- Cryptocurrency – FXOpen also allows withdrawals to cryptocurrency wallets, enabling clients to withdraw funds in Bitcoin, Ethereum, and other digital assets.
FXOpen generally does not charge withdrawal fees for certain methods, especially e-wallet withdrawals. However, third-party processing fees may apply depending on the method used. Withdrawals typically take between a few hours to several business days, depending on the payment provider. Bank wire transfers may take up to 5 business days to process, and traders should ensure they provide accurate withdrawal details to avoid delays.
Visa
Mastercard
Skrill
Bitcoin
Understanding the fee structure is essential when selecting a broker to ensure cost-effective and profitable trading. FXOpen offers a transparent and competitive fee structure that varies depending on the account type and trading instruments. The primary fees include spreads and commissions, which differ between ECN accounts (with raw spreads from 0.0 pips and a small commission) and Standard accounts (which offer commission-free trading but slightly higher spreads). FXOpen’s spreads are generally tight, providing favorable conditions for traders aiming to maximize profits. Traders should also be aware of non-trading fees, such as withdrawal charges, inactivity fees, and fees associated with certain payment methods. For example, while some e-wallets and bank wire transfers may incur fees, others offer free deposits and withdrawals. It is crucial for traders to review all fees before committing to an account to avoid unexpected costs. FXOpen strives to maintain competitive fees, which is particularly beneficial for active traders seeking to minimize trading costs over time.
FXOpen Trading Fees
FXOpen offers a variety of competitive trading fees, which vary based on the account type and the instrument being traded. Trading fees typically consist of the spread (the difference between the buy and sell price) and, depending on the account type, a commission. For instance, the ECN account offers very low spreads starting from 0.0 pips but charges a small commission per trade. In contrast, the Standard account has slightly wider spreads but does not charge any commission, making it more suitable for casual or beginner traders.
Fees vary across different financial instruments, with major currency pairs often having lower spreads than exotic pairs or commodities. FXOpen’s trading fees are transparent, and traders are encouraged to review the specific fees associated with their chosen account type and trading instrument before executing trades. By offering competitive trading fees, FXOpen helps traders reduce costs and potentially increase profitability.
FXOpen Spreads
Spreads are a key consideration when trading with FXOpen. The broker offers tight spreads across its account types, enabling traders to execute trades at lower costs. On the ECN account, spreads can be as low as 0.0 pips on popular pairs like EUR/USD, though traders will pay a small commission per trade. For those who prefer commission-free trading, FXOpen’s Standard account provides competitive spreads, typically around 1.0 pip for major pairs like EUR/USD.
FXOpen also offers variable spreads, meaning that spreads can fluctuate based on market conditions. During periods of high volatility, spreads may widen, especially on less liquid pairs or during major news events. Traders should monitor spread dynamics closely to understand potential changes throughout the trading day.
FXOpen Non-Trading Fees
In addition to trading fees, FXOpen charges non-trading fees for certain activities, such as withdrawals, inactivity, and specific payment methods. For example, while deposits through e-wallets or bank transfers are often free, some payment providers may charge fees for deposits or withdrawals. FXOpen clearly outlines its fee structure on its website, enabling traders to understand the costs associated with various transactions.
FXOpen also imposes an inactivity fee on accounts that remain inactive for an extended period, usually over 180 days. This fee encourages traders to stay active and engaged with the platform. Traders should review these fees and familiarize themselves with the terms and conditions associated with their accounts.
FXOpen offers a range of enticing bonuses and promotions aimed at enhancing the trading experience for both new and existing clients. These bonuses provide traders with extra capital to begin trading or boost their existing account balance, giving them more opportunities to explore different markets and trading strategies. One of the most popular promotions is the Welcome Bonus, which is available to new traders who register and make a qualifying deposit. This bonus allows newcomers to increase their initial capital, offering more flexibility when starting out. Additionally, FXOpen runs a Referral Program where existing traders can earn a bonus for referring new clients to the platform. Both the referrer and the new trader receive a reward once the referred client meets certain trading or deposit criteria. FXOpen also occasionally offers special promotions, including deposit bonuses, seasonal campaigns, and trading competitions, which further incentivize trading activity and engagement. It is important for traders to carefully review the terms and conditions associated with these bonuses, as each promotion may come with specific requirements such as minimum trading volumes or withdrawal restrictions. Overall, FXOpen’s bonus and promotion offerings add significant value to traders’ accounts, enabling them to maximize their trading potential and enjoy additional perks as they grow their portfolios.
Welcome Bonus
FXOpen offers an attractive welcome bonus to new traders who sign up and make an initial deposit. This bonus boosts the trader’s starting capital, providing additional funds to start trading. Terms and conditions apply, and traders should ensure they are familiar with the requirements before claiming the bonus.
Referral Bonus
FXOpen rewards existing traders who refer new clients to the platform through its referral program. When a referred trader opens an account and makes a qualifying deposit, both the referrer and the referred trader receive a bonus. This program provides traders with the opportunity to earn extra funds while helping others discover the benefits of FXOpen.
FXOpen offers comprehensive educational resources to help traders improve their knowledge and trading skills. These include:
- Video Tutorials: A series of beginner and advanced videos covering essential trading topics.
- Webinars: Regular live webinars conducted by experienced traders and industry experts.
- Trading Guides: Step-by-step guides and articles explaining various trading strategies and techniques.
- Demo Accounts: FXOpen offers demo accounts that allow traders to practice with virtual funds before trading real money.
These educational materials are designed to assist both novice and experienced traders in gaining a deeper understanding of the markets and refining their trading strategies.
FXOpen serves a global client base, operating in multiple countries, including the United Kingdom, Australia, several European countries, and parts of Asia. However, due to regulatory restrictions, FXOpen does not provide services to clients from certain regions, such as the United States, Canada, Japan, and other jurisdictions where trading in forex and financial instruments is prohibited or heavily regulated. Traders should verify if FXOpen is available in their country before opening an account.
Excluded Countries
United States
Canada
Japan
Australia
New Zealand
FXOpen gives clients several ways to get help. It does not matter if you are a beginner or an experienced trader. You can contact the support team easily. Live Chat is available for fast answers during trading days. You can also send a ticket by email through the Helpdesk. Phone support is available for urgent trading questions. The Trading Desk can be reached with ease during business hours. FXOpen also has a Knowledge Base. It has guides, articles, and FAQs about accounts, platforms, deposits, and withdrawals. These options make sure clients can get help when they need it.
Live Chat
FXOpen provides real-time assistance through their Live Chat feature. This service is available 24 hours a day, five days a week, and can be accessed via the FXOpen Contact Us page. It's ideal for immediate responses to general inquiries or technical issues.
Email Support
For detailed inquiries or issues that require documentation, you can submit a support ticket through the FXOpen Helpdesk. This method is suitable for account-related questions, deposit/withdrawal concerns, or verification issues.
Phone Support
FXOpen offers phone support for trading-related matters. You can contact the Trading Desk at +64 9 801 0123 between 10 PM Sunday and 10 PM Friday GMT. Before calling, ensure you have your login number and phone password ready for verification.
Knowledge Base
For self-service support, FXOpen's Knowledge Base offers a comprehensive collection of articles covering account setup, platform usage, and troubleshooting. This resource is helpful for resolving common issues without direct contact.
Broker Name: FXOpen
Broker Type: ECN, STP
Country: Myanmar
Operating since year: 2003
Regulations: ASIC (Australia), FCA (UK), CySEC (Cyprus)
Phone: +44 203 519 1224 (UK Office)
Email: [email protected]
Address: FXOpen Ltd. P.O. Box 590, Springates East, Government Road, Charlestown, Nevis
Broker status: Active
Yes, FXOpen is regulated by multiple authorities, including the UK's Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC). However, its Australian license was withdrawn due to regulatory concerns.
FXOpen provides several account types:
Standard Account: No commission, spreads from ~1 pip.
ECN Account: Low spreads from 0.0 pips, commission from $1.50 per lot.
Pro ECN Account: Tighter spreads, deeper liquidity, suitable for professional traders.
Cryptocurrency Account: Designed for trading digital currencies like BTC, ETH, and LTC.
To open an account witrh FXOpen:
- Visit the FXOpen website.
- Click on "Open Live Account" or "Register".
- Fill in the required personal information.
- Submit necessary identification documents for verification.
Once verified, you can deposit funds and start trading.
Yes, FXOpen supports automated trading using Expert Advisors on platforms like MT4 and MT5.
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