Fxopen, officially known as FXOpen Markets Limited, was founded in 2005. The company is headquartered in multiple locations, including London, United Kingdom, Sydney, Australia, and Charlestown, Saint Kitts and Nevis. As a privately held entity, FXOpen has established a significant presence in the online trading industry, serving a diverse clientele from retail traders to institutional investors.
FXOpen has evolved from its origins as an educational center focused on technical analysis to a well-respected forex and CFD brokerage. The company was one of the pioneers in offering ECN (Electronic Communication Network) trading through the popular MetaTrader 4 platform, enabling clients to access the interbank market directly. Over the years, FXOpen has expanded its services, introducing various account types and trading instruments, and accumulating a large customer base of over 1 million accounts across more than 100 countries.
The company operates under a no dealing desk model, ensuring transparency and competitive trading conditions without conflicts of interest. FXOpen's commitment to providing a fair trading environment has earned it a strong reputation among traders.
FXOpen is regulated by several prominent authorities, including:
The regulatory licenses ensure that FXOpen adheres to strict compliance standards, safeguarding client funds through segregated accounts. This means that customer deposits are kept separate from the broker's operational funds, enhancing security against insolvency risks.
FXOpen also participates in investor compensation schemes, offering protection up to £85,000 for FCA clients and €20,000 for CySEC clients. The broker implements Know Your Customer (KYC) and Anti-Money Laundering (AML) measures to prevent illicit activities, ensuring a secure trading environment for all users.
FXOpen provides a comprehensive range of trading products, including:
FXOpen regularly updates its product offerings, ensuring that traders have access to a diverse range of instruments. The broker caters to both retail and institutional clients, providing tailored solutions to meet their specific trading needs.
FXOpen supports multiple trading platforms, ensuring flexibility and user-friendliness for traders:
FXOpen employs a market execution model, ensuring that trades are executed at the best available prices without delays. The broker's servers are strategically located to provide fast and reliable trade execution.
FXOpen offers several account types to accommodate different trading styles:
Leverage options vary by account type, with up to 1:500 available for ECN accounts and 1:30 for others. The minimum trade size across accounts is 0.01 lots, and overnight swap fees apply based on positions held.
FXOpen supports a variety of deposit and withdrawal methods:
FXOpen emphasizes quick processing times for both deposits and withdrawals, ensuring that traders have timely access to their funds.
FXOpen provides comprehensive customer support through various channels:
The broker encourages traders to stay informed about market developments, fostering a culture of continuous learning.
FXOpen serves clients globally, with a notable presence in regions like Europe, Asia, and Australia. However, the broker does not accept clients from the United States due to regulatory restrictions.
FXOpen maintains offices in various locations, including London, Sydney, and Charlestown, ensuring accessibility for traders across different time zones. The broker's commitment to compliance and regulation enhances its credibility in the international trading landscape.
In summary, FXOpen has established itself as a reputable broker, offering a wide range of trading products and services. With a focus on transparency and competitive trading conditions, FXOpen is well-positioned to cater to both novice and experienced traders.
冬眠了
Hong Kong
I can withdraw funds for the first time. But I haven’t withdrawn funds since then for wrong account. I was asked to pay margin but I still can’t withdraw funds on grounds of insufficient credit score. So I still need to pay 140,000 yuan.
Exposure
2021-04-22
A全国汽车违章. 少婷
Hong Kong
I used this platform via the net friend’s recommendation. You can withdraw funds for the first time but then you can’t. I was told that my bank card number was wrong so they froze my account. And I need to pay 24,212 to unfreeze my account or my funds would be deducted all along.
Exposure
2021-03-10
冬眠了
Hong Kong
I’ve never changed the bank card which is bound to my wallet. And I’ve transferred successfully once. Why can’t I withdraw funds for the second time? Who can give me a reasonable explanation?
Exposure
2021-04-22