Score
FXOpen
Cyprus|10-15 years| https://www.fxopen.eu/
Website
Rating Index
Contact
Licenses
Licensed Entity：FXOpen EU Ltd
License No. 194/13
Single Core
1G
40G
1M*ADSL
- The current information shows that this broker does not have a trading software. Please be aware!
Basic Information
Cyprus
Account Information
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Website
fxopen.eu
Server Location
United States
Website Domain Name
fxopen.eu
Server IP
104.28.7.110
-
ambprime.com
Server Location
Germany
Website Domain Name
ambprime.com
Website
WHOIS.GODADDY.COM
Company
GODADDY.COM, LLC
Domain Effective Date
2016-01-22
Server IP
35.156.199.155
Genealogy
VIP is not activated.Relevant Enterprises
| Company name | Related sources | Registration No. | Established |
|---|---|---|---|
| Website | HE310300 | 2013-04-17 |
Company Summary
| Quick FXOpen Review Summary | |
| Founded in | 2007 |
| Registered in | Cyprus |
| Regulated by | CySEC |
| Trading Instruments | 700+, indices, commodities, forex, shares, cryptos, ETFs |
| Demo Account | ✅ |
| Account Type | ECN |
| Min Deposit | $/€300 |
| Leverage | Up to 1:30 |
| EUR/USD Spread | Floating around 0.2 pips |
| Trading Platform | MT4/5, TickTrader, TradingView |
| Deposit Fee | ❌ |
| Withdrawal Fee | Free for Viisa/MasterCard and Easy bank transfer, fees for Bank Transfer |
| Customer Service | 9 am - 8 pm (Eastern European Time) |
| Live chat | |
| Tel: +357 25024000 | |
| Email: support@fxopen.eu | |
| Regional Restriction | USA |
FXOpen Information
FXOpen is a trading name of FXOpen EU Ltd, is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 194/13. FXOpen offers retail and professional trading available markets including indices, commodities, forex, shares, cryptos, and ETFs through MT4, MT5, TickTrader, and TradingView platforms.
Pros & Cons
| Pros | Cons |
| Regulated by CySEC | US clients are not accepted |
| Negative balance protection | No copy trading |
| Many instruments available | High minimum deposit |
| Demo accounts | Withdrawal fees charged |
| MT4 and MT5 platforms | |
| Live chat support |
Is FXOpen Legit?
Yes, FXOpen is regulated by Cyprus Securities and Exchange Commission (CySEC).
| Regulated Country | Regulated by | Regulated Entity | License Type | License Number |
 | CySEC | FXOpen EU Ltd | Market Making (MM) | 194/13 |
Market Instruments
Indices, commodities, forex, shares, cryptos, ETFs... FXOpen allows clients to access 700+ trading markets.
| Trading Assets | Available |
| Indices | ✔ |
| Commodities | ✔ |
| Forex | ✔ |
| Shares | ✔ |
| Cryptos | ✔ |
| ETFs | ✔ |
| Bonds | ❌ |
| Options | ❌ |
Account
FXOpen only offers a single account type - ECN trading account, with a minimum deposit requirement of 300 USD or EUR. You can find detailed info about account features in the table and screenshot below:
| ECN Trading Account Features | |
| Min Deposit | $/€300 |
| Max Leverage | 1:30 |
| Spread | Floating from 0 pips |
| Commission | From $1.5 per lot |
| Demo Account | ✔ |
Leverage
The maximum leverage offered by FXOpen is 1:30. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spreads & Commissions
The EUR/USD spread is floating around 0.2 pips. If you are interested in spreads on other trading instruments, you can find detailed spread info on its homepage: https://fxopen.com/en-cy/
As for commissions, if your account balance is below $1,000, the commission for forex trading is $3.5 per lot, while $1.5 per lot for account balance over $250,000+. Visit https://fxopen.com/en-cy/pricing/ to find more specific info on commissions on other trading instruments.
| ECN Account - FX Commission | |
| Account Balance | Commission |
| Below $1,000 | $3.5 per lot |
| $1,000 - $25,000 | $2.5 per lot |
| $25,000 - $250,000 | $1.8 per lot |
| $250,000+ | $1.5 per lot |
Trading Platforms
As for the trading platform, FXOpen provides its clients with many options. There are public platforms such as MT4/5 and TradingView that have served many clients worldwide, also FXOpen's own platform TickTrader.
If you didn't want to spend time familiarizing yourself with a new platform, you can choose MT4/5 and TradingView. But FXOpen's own platform provides better compatibility with businesses, as they are specially developed and customized platforms. The choice is yours.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Windows, MacOS, Web, iOS, Android | Beginners |
| MT5 | ✔ | Windows, MacOS, Web, iOS, Android | Experienced traders |
| TickTrader | ✔ | MacOS, Windows, Linux, Web, iOS, Android | / |
| TradingView | ✔ | Windows, Web, iOS, Android | Beginners |
Deposit & Withdrawal
In terms of deposit and withdrawal, like many good brokers, FXOpen provides a detailed form with important information about payment methods, accepted currencies, minimum/maximum amount, fees, and processing time. The feasible payment methods are Bank Transfer, Visa/MasterCard, and Easy bank transfer.
Deposit
| Deposit Method | Min Deposit | Max Deposit | Deposit Fee |
| Visa/MasterCard | 0.01 EUR, 1 USD | 1,000 EUR/USD | ❌ |
| Easy Bank Transfer | 20,000 EUR/GBP | 50 EUR/GBP | ❌ |
Withdrawal
| Withdrawal Method | Min Withdrawal | Max Withdrawal | Withdrawal Fee | Withdrawal Time |
| Bank Transfer | 15 EUR, 30 USD, 15 GBP | No limit | 15 EUR, 30 USD, 15 GBP | 1-3 business days |
| Visa/MasterCard | 1 EUR/USD | 1,000 EUR/USD | ❌ | 2-5 business days |
| Easy Bank Transfer | 10 EUR/GBP | 20,000 EUR/GBP | ❌ | / |
Note: Withdrawal forms received before 12:00 (GMT) will be processed on the same business day. If these are received after 12:00 (GMT) or the weekend, they will be processed the next business day.
Customer Support
FXOpen does not offer 24/7 customer support. Customer service time is only available from 9 am to 8 pm (Eastern European Time) by live chat, phone, and email. You can also follow FXOpen on some social media platforms such as YouTube, Facebook, X, Telegram, LinkedIn, and Instagram.
| Service Time | 9 am - 8 pm (Eastern European Time) |
| Live Chat | ✔ |
| Phone | +357 25024000 |
| support@fxopen.eu | |
| Address | 38 Spyrou Kyprianou Street, CCS BLDG - Office N101, 4154 Limassol, Cyprus |
| Social Media | YouTube, Facebook, X, Telegram, LinkedIn, Instagram |
Keywords
- 10-15 years
- Regulated in Cyprus
- Market Maker (MM)
- Suspicious Scope of Business
- Medium potential risk
News
News CySEC Suspends FXOpen Shareholder Voting Rights for Prudent Management
The Cyprus Securities and Exchange Commission (CySEC) has decided to suspend the voting rights of FXOpen EU Ltd’s sole indirect shareholder, Aliaksandr Klimenka, to ensure sound management.
2024-10-30 12:11
News FXOpen and TradingView Join Forces on Mobile
FXOpen has broadened its partnership with TradingView, making their integration available on mobile apps. This update enables traders to use FXOpen via TradingView's mobile applications, providing enhanced flexibility.
2024-06-26 17:41
News FXOpen: Three New Currency Pairs Added to Expand Asset Pool
FXOpen expands the asset pool with three new currency pairs. USD/HUF, EUR/HUF, and USD/CZK offer increased trading opportunities in thriving markets. Learn more about the broker's commitment to customer service and enhancements to its services, including the elimination of trading commissions on index CFDs and a reduced minimum trade size. Catering to the diverse needs of global traders, FXOpen remains a reliable platform for seasoned traders in the global financial markets.
2023-05-31 11:49
News FXOpen Lowers Minimum Size For Trades On Their Platform
FXOpen, a global FX and CFD broker, has lowered the minimum trade size on index CFDs from 0.1 lot to 0.01, while also introducing commission-free trading. The company offers an extensive range of markets and is regulated by the UK's FCA and Australia's ASIC.
2023-05-04 11:20
News WikiFX Reviews FXOpen | Is It Trustworthy?
In today's article, WikiFX will explore FXOpen in depth, examining its features, fees, safety measures, deposit and withdrawal options, trading platforms and customer service to help you make an informed decision on whether or not to entrust this platform.
2023-04-19 17:38
News BROKER NEWS UPDATE FOR THE WEEK OF JULY 4
The UK-based parent company of trading brand FXOpen released its financial report for the year ended December 31, 2021, reporting a surge in revenue. It generated £611,705, almost 146% more than the previous year.
2022-08-06 09:00
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唸
Singapore
The company is registered in Cyprus and regulated by CYSEC. I noticed that its leverage is controlled at 1:30, which is a very sensible level. I know I shouldn't try too high a leverage, so FXOpen's leverage is not a disadvantage for me. I'm going to open a demo account and try it out!
Neutral
2023-02-20
Tracy94203
United Kingdom
I suggest that you should first open a demo account since its minimum deposit reaches $300, not suitable for beginners. I bet you will regret if you open a real one. Its demo account is filled with $1,000,000 virtual money for you to practice your trading strategies… This broker says it provides competitive spreads, however, this should be tested on demo accounts first. By the way, its trading platform is quite smooth and powerful, no latency… Lastly, professional traders can use the leverage up
Neutral
2022-11-18
承远-外汇理财 信用融资
Hong Kong
FXOpen seems to offer everything i want. I can trade with MT4 or MT5 demo accounts and enjoy tight spreads although low commissions may be charged. But.. the minimum initial capital is too unfriendly for we beginners, $300? crazy?
Neutral
2022-11-16
Alexia
Germany
Well mates I had a pretty bad experience with FXOpen, I lost everything, I couldn’t withdrawal after trading and after sometime I was locked out of my account, and that was it, I don’t see anything good with this broker, after my loses I started trading with, benarmstrong-trades. com and I’ve not had any issue with my withdrawal, I was able to make $9,000 in a week. Another thing about FXOpen is their customer service won’t respond, Ben Armstrong offers the best, that where i trust.
Positive
2023-03-07
FX1240953418
United Kingdom
I've been trading with fxopen for some time, and I feel that this company is worth recommending. For now there is no scams or severe slippages in my account.
Positive
2023-02-16
Peter67
India
I am trading with FXOpen and was mainly attracted by their zero spreads and the ability to do trading using their web based Tick Trader platform. Spreads are almost zero which allows for more profits in overall trading with them.
Positive
2022-11-30
FX1013773968
Hong Kong
I have been trading with fxopen for a few months and I really like its leverage! Very suitable for scalpers like me. plus I have access to both MT4 and MT5. The only downside for me is their deposit and payment methods. Only cryptocurrencies are available.
Positive
2022-11-16