Item: FXOpen
Rating: 1.50

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Sources

Language

Mkt. Analysis

Creatives

Website

Most visited countries/areas

Russia

fxopen.ru.com

Server Location

United States
Most visited countries/areas

Russia
Website Domain Name

fxopen.ru.com
ICP registration

--
Website

WHOIS.GODADDY.COM
Company

GODADDY.COM, LLC
Domain Effective Date

1996-02-05
Server IP

104.22.5.180
fxopenthai.com

Server Location

United States
Most visited countries/areas

--
Website Domain Name

fxopenthai.com
ICP registration

--
Website

WHOIS.NAME.COM
Company

NAME.COM, INC.
Domain Effective Date

2015-10-06
Server IP

104.27.148.165
forexbrazilian.com

Server Location

United States
Most visited countries/areas

--
Website Domain Name

forexbrazilian.com
ICP registration

--
Website

--
Company

--
Domain Effective Date

--
Server IP

172.67.180.128

Company Summary

FXOpenReview Summary
Founded	2010-01-22
Registered Country/Region	Hong Kong
Regulation	Unregulated
Market Instruments	Forex, Stocks, Indices, Commodities and Cryptocurrencies
Demo Account	✅
Leverage	Up to 1:1000
Spread	As low as 0
Trading Platform	MT4, MT5, TickTrader, TradingView
Min Deposit	$1
Customer Support	Phone:English +64-9-801-0123Chinese (Simplified) +852 5808 2427Chinese (Simplified) +(61)2 8226 8628French +33-979-998-040German +49-693-329-6294Russian +7-499-346-0960
	Email:support@fxopenasia.comsales@fxopen.com
	Social Media:Twitter: https://twitter.com/FXOpenBrokerFacebook:https://www.facebook.com/FXOpenCompanyLinkedin:https://www.linkedin.com/company/fxope

FXOpen Information

FXOpen is an unregulated broker that offers a variety of trading instruments including forex, stocks, indices, commodities, and cryptocurrencies. FXOpen has launched 4 trading account types, namely ECN, STP, CRYPTO, and MICRO. FXOpen sets spreads and commissions starting from 0 yuan, with a minimum deposit of $1 and a maximum leverage of 1:1000 equity.

Pros and Cons

Pros	Cons
Leverage up to 1:1000	Unregulated
Spreads as low as 0	Commission of $1.5 per lot
Demo account available	More negative reviews on withdrawals
Various trading Instruments: forex, stocks, indices, commodities and cryptocurrencies	Inaccessible official website
Multiple account types: ECN, STP, CRYPTO, and Micro	24/5 customer support

Is FXOpen Legit?

FXOpen is not regulated, even though it claims to be regulated by CySEC and the license number is 194/13.

What Can I Trade on FXOpen?

Forex, shares, indices, commodities, and cryptocurrencies are tradable instruments of FXOpen.

Tradable Instruments	Supported
Forex	✔
Shares	✔
Commodities	✔
Indices	✔
Cryptocurrencies	✔
ETFs	✔
Bonds	❌
Mutual Funds	❌

Account Type

FXOpen has 4 types of accounts: ECN, STP, CRYPTO, and MICRO. These accounts set different trading thresholds suitable for novice to professional traders. Novice traders can train through demo accounts. The accounts offer floating spreads, minimum deposit from $1 to $100, and leverage ranging from 1:3 to 1:1000.

Account Type	ECN	STP	CRYPTO	MICRO
Maximum leverage	1：1000	1：500	1:3	1:500
Minimum spread(pips)	Start from 0(float)	Float	Float	Float
Minimum deposit($)	100	10	10	1
Commission	Start from $1.5	0	0.5% per lot	0
Islamic account	Yes	Yes	No	Yes
Demo account	Yes	Yes	Yes	No
Stop Loss	50%	30%	15%	10%

FXOpen Fees

ECN spreads are as low as 0 and commissions start from $1.5. STP, CRYPTO, and MICRO commissions are 0, 0.5% per lot, and 0 respectively. All accounts have floating spreads.

Leverage

The maximum leverage is 1:1000, which means that profits and losses are magnified 1000 times.

Trading Platform

FXOpen provides a variety of trading platforms, such as the more authoritative MT4 and MT5, FXOpen's proprietary platform TickTrader, and TradingView.

Trading Platform	Supported
MT4	✔
MT5	✔
TickTrader	✔
TradingView	✔

Deposit and Withdrawal

FXOpen's deposit methods include FasaPay and Advcash. FasaPay is commission-free on USD and IDR deposits, while Advcash charges 0.5% commission on EUR, GBP, and USD deposits.

FXOpens withdrawal methods include Paypaid, which charges a 2% commission for withdrawals in Thai Baht, FasaPay, which charges a 0.5% commission for withdrawals in USD and Rupiah, and Advcash, which charges a 0.5% commission for withdrawals in USD and EUR.

Customer Support Options

FXOpen offers 24/5 customer support. FXOpen provides contact information by phone, email, and live chat. In addition, you can learn about FXOpen through social media including Facebook, Twitter, and LinkedIn.

Contact Options	Details
Phone	English+64-9-801-0123Chinese (Simplified)+852 5808 2427Chinese (Simplified)+(61)2 8226 8628French+33-979-998-040German+49-693-329-6294Russian+7-499-346-0960
Email	support@fxopenasia.comsales@fxopen.com
Live Chat	✔
Social Media	Twitter: https://twitter.com/FXOpenBrokerFacebook:https://www.facebook.com/FXOpenCompanyLinkedin:https://www.linkedin.com/company/fxope
Supported Language	English
Website Language	English
Physical Address	Charlestown, Nevis PO. Box 590, Springates East, Government Road, Charlestown, Nevis

Keywords

5-10 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Comment 7

All(7) Latest Positive(3) Neutral(1) Exposure(3)

FX7359315392

3-5 years

Bangladesh

Exposure

withdrawal problems.

Essentially it is not possible to withdraw anything from them. I feel it may well be arbitary towards me. I have offered settling the dispute by transferring my peak equity (approx. 6000 euro) since the blockage through a final SEPA transfer and then closing my account. But of course they really appear unable to process any withdrawals, other than offering me to move the money to moneybookers which would not then process the withdrawals to my bank account, but will charge fees.

2021-09-03

Mayaz Ahmad

3-5 years

Bangladesh

Exposure

big manipulators.

i had managed once again to close most of my trades in profit on my Mt4 terminal account, but i noticed the trades i closed in profit on my mt4 terminal were left open on the fxopen platform. contacted their support and explained the situation and provided evidence which clearly show the mt4 account was running, and all most these trades closed in profit, they claimed my stp account expired which is absolutely false.

2021-09-01

不过人间

3-5 years

Hong Kong

Exposure

There is no way to withdraw money, and keep calling for recharge

The customer service always asks to recharge, not to give money, either for this reason or for that reason for you to recharge

2021-02-16

FX1275674666

6-10 years

United States

Neutral

I like the fact that FXOpen offers both MT4 and MT5. However, safety is always my first consideration. Goodbye, FXOpen!

2023-02-28

FX1727239306

6-10 years

New Zealand

Positive

Efficient Trading Platform: Fast Execution, Commission-Free Withdrawals, Ideal for All Levels

The members area is great, very complete and I have many deposit methods available. The execution is very fast, I have never had a re quotation. I love the fact I have commission free withdrawals and I can do it as many times as I want. I would recommend it for beginners and also advanced traders, it is very complete!

2024-07-10

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Users who viewed FXOpen also viewed..

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Company Summary

FXOpen Information

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Is FXOpen Legit?

What Can I Trade on FXOpen?

Account Type

FXOpen Fees

Leverage

Trading Platform

Deposit and Withdrawal

Customer Support Options

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