FXOpen Review
CONTENT
FXOpen is a trustworthy and well-regarded entity within the online financial trading arena. They have a global presence in crucial financial hubs like Australia and the United Kingdom. It has a trust score of 89 out of 99.
 | Minimum Deposit: $10 Regulated by: FCA, CySEC Crypto: Yes |
| Broker | FXOpen |
| Minimum Deposit | 10 USD |
| Fund Withdrawal Fee | None |
| Spreads From | 0.0 pips |
| Commissions | Varies |
| Base Currencies | 6 |
| Swap Fees | Varies |
| Leverage | Up to 1:500 |
| Regulation | 🇬🇧 FCA 🇨🇾 CySEC |
| Open an Account |  |
Overview
FXOpen has been empowering traders since 2005 with direct market access, transparent pricing, and advanced ECN technology. It stands out for low-cost trading, flexible platforms, and a trader-first approach. With 600+ instruments and zero-dealing desk intervention, FXOpen prioritises fair and fast execution.
Frequently Asked Questions
What leverage can I trade with at FXOpen?
FXOpen offers maximum leverage of up to 1:500. This high leverage can help traders amplify their gains; however, it also increases risk, so it is vital to manage positions carefully and use appropriate risk management tools.
Does FXOpen offer PAMM trading?
Yes, FXOpen provides PAMM (Percentage Allocation Management Module) accounts. This allows investors to follow seasoned traders and ultimately benefit from their strategies, with profits and losses distributed automatically and transparently between provider and follower.
Our Insights
FXOpen delivers a powerful, trader-focused experience backed by advanced ECN technology, direct market access, and ultra-low costs. From beginner to pro, anyone seeking tight spreads, fast execution, and furthermore, transparent pricing will find FXOpen an ideal trading partner.
| Minimum Deposit: $10 Regulated by: FCA, CySEC Crypto: Yes |
Fees, Spreads, and Commissions
FXOpen’s ECN accounts deliver low-cost trading across global markets. With floating spreads from 0.0 pips and commissions that scale with trading volume, traders benefit from fast execution and transparent pricing. Whether trading forex, commodities, or crypto, FXOpen also provides unmatched flexibility.
| Account Tier | FX Commission | Deposit Requirement | Spreads |
| Basic ECN | $3.50 | From $100 | From 0.0 pips |
| Classic ECN | $2.50 | From $1,000 | From 0.0 pips |
| Advanced ECN | $1.80 | $25,000–$250,000 | From 0.0 pips |
| Elite ECN | $1.50 | Over $250,000 | From 0.0 pips |
Frequently Asked Questions
What spreads can I expect at FXOpen?
FXOpen offers floating spreads starting from 0.0 pips across all ECN accounts. These raw spreads are ideal for scalping and high-volume trading and depend on live market conditions and liquidity availability.
Are commissions fixed for every trader?
No, commissions vary by account tier and your 30-day trading volume. Higher volumes reduce FX commission rates, making it cost-efficient for active traders who execute large or frequent trades.
| Minimum Deposit: $10 Regulated by: FCA, CySEC Crypto: Yes |
ECN Account Types and Minimum Deposits
FXOpen caters to all trading levels through its tiered ECN account structure. From a $100 minimum deposit for entry-level traders to elite accounts for high-net-worth individuals, each account offers market execution, advanced tools, and multi-asset access without compromise. Additionally, it supports a broad range of trading needs effectively.
| Account Type | Open an Account | Min Deposit | Traded Volume | Ideal For |
| Basic ECN | | $100 | Less than $5M | Beginners and casuals |
| Classic ECN | | $1,000 | $5M–$25M | Consistent traders |
| Advanced ECN | | $25,000 | $25M–$250M | Institutions |
| Elite ECN | | $250,000+ | Over $250M | High-volume professionals |
Frequently Asked Questions
What is the minimum deposit for an ECN account at FXOpen?
The minimum deposit starts at just $100 for the Basic ECN account. Higher-tier accounts like Classic, Advanced, and Elite require $1,000, $25,000, and over $250,000, respectively, unlocking lower commissions and more favorable trading terms. Consequently, traders can choose the level that best suits their goals and budgets.
Who is best suited for an ECN account?
ECN accounts are ideal for scalpers, day traders, and institutional clients who need fast execution and transparent pricing. Whether trading manually or using Expert Advisors, the ECN model consistently supports a fair and flexible trading experience.
Our Insights
FXOpen’s ECN account structure provides flexible access to powerful trading environments. Whether you are just starting or managing high-volume trades, there is a tier to match your goals. With raw spreads and transparent commissions, traders can scale efficiently and trade with confidence.
| Minimum Deposit: $10 Regulated by: FCA, CySEC Crypto: Yes |
How to Open a FXOpen Account
Opening an FXOpen trading account is fast and intuitive. You begin by registering your main account, proceed with identity verification, and then add your preferred ECN trading account.
1. Step 1: Register a Main Account
Visit the FXOpen website, select your country, and fill in a short registration form with your email, phone number, and password. Agree to the terms and click “Create Account” to begin.
2. Step 2: Verify Your Contact Information
A confirmation link will be sent to your email or a code via SMS. Complete this verification step to activate your account.
3. Step 3: Complete Identity Verification
To meet regulatory requirements, FXOpen may request identity and address documents. Upload a government-issued ID and a utility bill or bank statement.
4. Step 4: Add a Trading Account
Once your main account is verified, log in to the FXOpen Client Portal. Navigate to “Add Account,” choose your preferred trading platform, then select account currency, leverage, and confirm agreement to the terms.
5. Step 5: Receive Your Trading Details
You will immediately receive your trading account number, password, and server information on-screen and by email. Keep this information safe, as you’ll need it to log into your trading platform.
6. Step 6: Install a Trading Platform
Download your chosen trading platform. FXOpen supports MetaTrader 4, MetaTrader 5, TickTrader, and TradingView. Use the credentials provided to log in and connect to the live market.
7. Step 7: Fund Your Account
Choose from the available deposit methods and fund your account securely. Once the funds reflect, you are ready to start trading.
After completing these steps, your FXOpen account will be fully operational. You’ll gain access to tight spreads, ultra-fast execution, and over 700 instruments across multiple asset classes—all through one seamless ECN trading environment.
| Minimum Deposit: $10 Regulated by: FCA, CySEC Crypto: Yes |
Demo Account
FXOpen offers a powerful demo account designed to replicate real market conditions, allowing new traders to explore Forex confidently. You can sharpen your skills, test strategies, and build experience – all without risking actual capital. It’s a smart first step into the world of trading.
| Feature | Description | Platform Options | Access Duration |
| Simulated Trading | Yes,with live pricing | MT4 MT5 TickTrader | Unlimited Access |
| Virtual Funds | Yes,auto-funded | Customizable Amounts | No Expiry |
| Strategy Testing | Full platform functionality | All tools available | Real-time conditions |
Frequently Asked Questions
What is a Forex demo account?
A Forex demo account is a simulated trading environment that mirrors live market conditions. Traders use virtual funds to place trades, helping them understand platform functionality, market behavior, and risk management without the pressure of losing real money. It’s ideal for beginners and strategy testing.
How do I open a demo account with FXOpen?
Opening a demo account with FXOpen is simple. Visit the platform, select your trading platform preference, such as MT4 or MT5, and register with a few basic details. Once created, you can access all features and practice trading using virtual funds under live market conditions.
Our Insights
FXOpen’s demo account is an excellent tool for both beginners and experienced traders wanting to test new ideas. With real-time pricing and full platform access, it provides a safe, no-risk way to develop trading confidence. FXOpen supports trader education through accessible demo environments.
| Minimum Deposit: $10 Regulated by: FCA, CySEC Crypto: Yes |
Trading Platforms and Tools
Industry feedback highlights FXOpen as a broker offering four leading platforms – MetaTrader 4, MetaTrader 5, TickTrader, and TradingView – each delivering reliable execution, custom analysis tools, and support for diverse trading styles. These platforms serve beginners and advanced traders alike with precision and flexibility.
| Platform | Ideal For | Key Strength | Unique Feature |
| MetaTrader 4 | Beginners EA users | Simplicity and MQL4 automation | Vast community indicator library |
| MetaTrader 5 | Advanced strategy traders | Enhanced tools and MQL5 language | Built‑in economic calendar |
| TickTrader | Professional high frequency trading | Custom orders and DOM execution | Level 2 pricing and advanced API |
| TradingView | Charting and analysis enthusiasts | Extensive indicators and scripting | Pine Script and social tools |
Frequently Asked Questions
What platforms does FXOpen support?
FXOpen provides access to MetaTrader 4, MetaTrader 5, TickTrader, and TradingView. Whether trading forex, commodities, indices, shares, or crypto (where permitted), all platforms support multi‑asset trading from one account.
What makes TickTrader unique among FXOpen platforms?
TickTrader offers advanced order types, full Depth of Market (Level 2), Time and Sales, over 1,200 trading tools, and a highly customisable layout. It also features alerts for economic events, signals (coming soon), and unmatched algorithmic trading capability.
Our Insights
FXOpen delivers an excellent platform suite for all trader profiles. Whether you value automation via MT4, advanced strategy tools via MT5, deep customization with TickTrader, or superb charting through TradingView, FXOpen provides powerful tools tailored to your trading style and analytical needs.
| Minimum Deposit: $10 Regulated by: FCA, CySEC Crypto: Yes |
Global Markets
Industry analysts recognise FXOpen as a robust ECN broker offering direct market access to major global markets. Traders benefit from deep liquidity, spreads from 0.0 pips, and a wide asset range including forex, indices, shares, commodities, and cryptocurrencies – all accessible with fast execution and low commissions.
| Market Type | Key Instruments | Spreads From | Leverage Up To |
| Forex | EURUSD USDJPY | 0.0 pips | 1:500 |
| Indices | 🇬🇧UK 100 🇺🇸US Tech 100 | 1.0–12.2 | 1:100 |
| Commodities | XAUUSD XTIUSD | 0.04–1.22 | 1:500 |
| Cryptocurrencies | BTCUSD ETHUSD | Tight | 1:3 |
Frequently Asked Questions
What markets can I trade with FXOpen?
FXOpen enables trading in over 50 forex pairs, global indices, popular commodities like gold and oil, major US and 🇭🇰Hong Kong shares, and over 40 cryptocurrency CFDs. With tight spreads and deep liquidity, traders have access to both major and emerging financial markets.
Is FXOpen suitable for high-frequency or day trading?
Yes, FXOpen’s ECN technology ensures fast execution with spreads starting from 0.0 pips and low commissions. This setup appeals especially to day traders and high-frequency traders seeking precision, reliability, and access to real-time market pricing.
Our Insights
FXOpen stands out as a flexible and transparent ECN broker offering traders access to a vast range of markets with competitive conditions. From forex to crypto, its powerful execution infrastructure and tight spreads make it a solid choice for both new and seasoned traders seeking professional-grade tools.
| Minimum Deposit: $10 Regulated by: FCA, CySEC Crypto: Yes |
Deposits and Withdrawals
FXOpen offers clients a variety of secure deposit and withdrawal options with low fees and fast processing. Whether you’re funding via Volet, online banking, or PAYPAID, transactions are typically smooth, and processing times are clearly outlined for efficient account management.
| Method | Currencies | Fees | Processing Time |
| Volet | USD EUR GBP | 0.5% | Instant (Deposits) |
| Online Banking | 🇮🇩IDR 🇹🇭THB 🇻🇳VND | 1.6%–3.2% | Instant (Deposits/Withdrawals) |
| PAYPAID | 🇹🇭THB | 2% | Same Business Day |
Frequently Asked Questions
How long do FXOpen withdrawals take to process?
Withdrawals submitted before noon GMT are processed the same business day. Requests after this cut-off or over weekends are handled the next business day. Delays may occur during unforeseen events, but FXOpen prioritises timely processing.
Are third-party payments accepted by FXOpen?
No, FXOpen strictly prohibits third-party payments. All deposits must come from accounts in the client’s name to ensure security and compliance with financial regulations.
Our Insights
FXOpen provides a transparent and well-structured payment system with a strong focus on local currency support and fast transaction speeds. Its low minimums and clear fee structure make it an accessible and user-friendly choice for global traders seeking efficient fund management.
| Minimum Deposit: $10 Regulated by: FCA, CySEC Crypto: Yes |
Customer Support
FXOpen ensures clients receive timely support through multiple accessible channels. From 24/5 live chat to dedicated trading desk hours, FXOpen’s structured support system effectively caters to both general inquiries and time-sensitive trading issues with professionalism and availability.
Frequently Asked Questions
When is FXOpen’s trading desk available for support?
The trading desk is open from 10 pm Sunday to 10 pm Friday GMT, ensuring traders can get help throughout the global trading week. This support is particularly useful for resolving order issues and market-specific questions.
How can I get the quickest answer to my question?
The fastest way to get help is through FXOpen’s 24/5 live chat feature. For non-urgent matters or documentation requests, submitting a support ticket or emailing the relevant department is similarly effective.
Our Insights
FXOpen delivers a structured and dependable support framework that aligns well with the needs of global traders. With around-the-clock live chat, direct trading desk access, and responsive ticketing, FXOpen additionally shows a clear commitment to user assistance and client service continuity.
| Minimum Deposit: $10 Regulated by: FCA, CySEC Crypto: Yes |
Insights from Real Traders
🥇 Great Trading Experience.
I’ve been trading with FXOpen for several months, and overall, I’m impressed. The platform is user-friendly, and the customer support is always responsive. The fast deposits and withdrawals make trading smooth, and I’ve had no issues with my account. Highly recommended! – Gary
⭐⭐⭐⭐
FXOpen has been a solid choice for my trading needs. The platform runs smoothly, and the variety of payment methods makes it easy to fund and withdraw from my account. The support team is excellent, and I feel confident trading here every day. – Emily
⭐⭐⭐⭐⭐
🥉 Excellent All-Round Service.
I’ve had a great experience with FXOpen so far. The trading conditions are competitive, and the platforms are top-notch. The range of deposit and withdrawal options is very convenient, and everything is processed quickly. It’s been a very reliable and satisfying service. – June
⭐⭐⭐⭐
| Minimum Deposit: $10 Regulated by: FCA, CySEC Crypto: Yes |
Customer Reviews and Trust Scores
Recent ratings place FXOpen’s trustworthiness and reliability in the moderate range, reflecting regulated standing yet consistent user complaints. While platforms and pricing earn praise, many users also cite delays and frustration in service delivery.
| Aspect | Score/Feedback |
| Trustpilot | Approximately 4.1–4.4 out of 5 |
| Customer service rating | Low, often around 3/10 |
| User feedback common theme | Withdrawal delays, poor onboarding, lack of transparency |
Support and reliability ratings reflect mixed client experiences. Overall, FXOpen enjoys a regulated status but faces trust challenges among traders.
| Minimum Deposit: $10 Regulated by: FCA, CySEC Crypto: Yes |
Discussions and Forums about FXOpen
Online forum chatter reveals both positive and negative sentiment from actual users. While low spreads and ECN execution receive attention, onboarding and support issues are recurring frustrations.
| Forum Platform | Key Observations |
| Reddit/TradingView | Registration delays up to five days; support unhelpful |
| Reddit/Forex_trades | Praise for tight spreads and ECN performance |
Forum users are split: some advocate FXOpen for cost efficiency, others warn about operational hiccups. Real‑life reports suggest service consistency can vary widely.
| Minimum Deposit: $10 Regulated by: FCA, CySEC Crypto: Yes |
Employee Overview of Working for FXOpen
Although direct company reviews are limited, available industry evaluations suggest an average internal experience. Staff operate across different regulatory offices with multilingual service; nevertheless, they must manage support limitations like weekend unavailability.
| Category | Insights |
| Multilingual capability | Staff proficient in English, Spanish and more |
| Support hours | 24/5 live chat; weekends unavailable |
| Platform development team | Strong ECN bridge and TradingView integration |
Employee operations highlight competence in platform and ECN development, yet limited weekend support and lack of callback service suggest internal trade‑offs.
Pros and Cons
| ✓ Pros | ✕ Cons |
| Fast deposits and withdrawals | Limited payment options for some regions |
| User-friendly trading platforms | High fees for small deposits |
| Competitive spreads and low commissions | Limited customer support hours |
| Wide range of tradable instruments | No third-party payments accepted |
References:
In Conclusion
FXOpen maintains regulated operations with local offices and support teams in several regions, offering clients region-specific assistance through local contact channels and regulatory coverage.
- 🇨🇾 Cyprus
- 🇬🇧 United Kingdom
- 🇦🇺 Australia
These regional hubs provide dedicated customer support via local phone numbers, email, and live chat, ensuring timely and relevant help aligned with the client’s location and regulatory framework.
Faq
If you are unable to log in, make sure your login details are correct, check your internet connection, or verify that your account is active. If the issue persists, contact customer support for further assistance.
Yes, FXOpen offers demo accounts for traders to practice trading strategies and familiarize themselves with the platform without risking real money.
The FXOpen ECN account provides direct access to the interbank market with low spreads starting from 0 pips, fast execution, and no dealing desk intervention. It’s ideal for professional traders and scalpers.
Withdrawals from your FXOpen account can be made using the same method you used to deposit, such as bank transfers, e-wallets, or credit/debit cards. Processing times may vary depending on the payment method.
- Overview
- Fees, Spreads, and Commissions
- ECN Account Types and Minimum Deposits
- How to Open a FXOpen Account
- Demo Account
- Trading Platforms and Tools
- Global Markets
- Deposits and Withdrawals
- Customer Support
- Insights from Real Traders
- Customer Reviews and Trust Scores
- Discussions and Forums about FXOpen
- Employee Overview of Working for FXOpen
- Pros and Cons
- In Conclusion
