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FXOpen Forex broker specializes in providing foreign exchange trading services, the company's official website https://fxopen.com/e..., the company's legitimate regulatory information AustraliaASICMarket Maker (MM) to enhance the security of the company's address 80, ColeMan ST 4Th Floor London EC2R 5BJ UNITED KINGDOM

FXOpen Forex Broker

Basic Information

Registered Region
United Kingdom
Operating Period
--
Company Name
FXOpen Ltd
Abbreviation
FXOpen
Company employee
--
Customer Service Email Address
support@fxopen.co.uk
Contact Number
+4402035191224
Company address
80, ColeMan ST 4Th Floor London EC2R 5BJ UNITED KINGDOM
Keywords
10-15 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Company profile

FXOpenReview SummaryFounded2010Registered Country/RegionUKRegulationFCA (regulated), FSPR (revoked), ASIC (suspicious clone)Market InstrumentsCurrencies, Cryptocurrencies, Metals, Energies, Indexes, Shares, ETFsDemo Account✅LeverageUp to 1:30SpreadFrom 0 pipsTrading PlatformMT5, MT4, TickTrader, TradingViewMinimum Deposit$300Customer SupportLive chatTel: +44 (0) 203 519 1224 (8 am - 6 pm Lodon time)Email: support@fxopen.co.ukAddress: 80 Coleman Street, London, EC2R 5BJ, United KingdomSocial media: Instagram, YouTube, Twitter, Facebook, LinkedIn, TelegramRegioal RestrictionsThe United States, Belgium FXOpen was registered in 2010 in the UK, specializing in currencies, cryptocurrencies, metals, energies, indexes, shares, and ETFs trading. It provides four types of ECN accounts, with a minimum deposit of $300 and a maximum leverage of 1:30. More importantly, this company is regulated, and it provides various channels for customer support.Pros and ConsPros Cons RegulatedRegional restrictionsDemo accounts availableCommission fees chargedMT4 and MT5 supportedSuspicious clone ASIC licenseMultiple channels for customer supportDiverse tradable assetsLong operation timeIs FXOpen Legit? FXOpen is regulated by Financial Conduct Authority (FCA). However, its license was revoked by Financial Service Providers Register (FSPR), and it holds a suspicious clone Australia Securities and Investment Commission (ASIC) license. Traders should be aware of the potential risks!Regulated AuthorityCurrent StatusLicensed EntityRegulated CountryLicense TypeLicense No.Financial Conduct Authority (FCA)RegulatedFXOpen LtdUKStraight Through Processing (STP)579202Financial Service Providers Register (FSPR)RevokedFXOPEN NZ LIMITEDNew ZealandFinancial Service Corporate192685Australia Securities and Investment Commission (ASIC)Suspicious CloneFXOpen AU Pty LtdAustraliaMarket Maker (MM)000412871What Can I Trade on FXOpen? FXOpen provides several types of products, including currencies, cryptocurrencies, metals, energies, indexes, shares, and ETFs.Tradable Instruments Supported Currencies✔Metals✔Energies✔Indexes✔Shares✔Cryptocurrencies✔ETFs✔Bonds❌Options❌Futures❌Account Type FXOpen provides four types of ECN accounts: Basic ECN, Classic ECN, Advanced ECN, and Elite ECN. Besides, demo accounts and Islamic accounts are also available.Account TypeMinimum DepositMaximum LeverageSpreadAccount CurrenciesBasic ECN$3001:30Floating from 0 pipsGBP, USD, EURClassic ECN$1,000Advanced ECN$25,000Elite ECN$250,000Leverage The leverage can be up to 1:30. Traders need to consider carefully before investing, and it should be noted that high leverage is likely to bring high potential risks.FXOpen Fees FXOpen charges certain amount of commission fees, and fees vary based on instruments and accounts. Below are the details, with the Basic ECN Account in the first chart, followed by Classic ECN, Advanced ECN, and Elite ECN.Commission FeeBasic ECN AccountClassic ECN AccountAdvanced ECN AccountElite ECN AccountForex$3.50$2.50$1.80$1.50CryptoFrom 0.08%From 0.05%From 0.03%Index❌❌❌❌Commodity0.005%0.0025%0.0018%Shares0.1%Trading Platform FXOpen uses MT4, MT5, TickTrader, and TradingView as its trading platforms.Trading PlatformSupported Available Devices Suitable forMT4✔PC, web, mobile, macBeginnersMT5✔PC, web, mobile, macExperienced tradersTickTrader✔PC, web, mobile/TradingView✔PC, web, mobile, macBeginnersDeposit and Withdrawal FXOpen only supports bank tranfer. It does not charge fees for deposits, but it charges withdrawal fees.Deposit Options Accepted CurrenciesMinimum Deposit Deposit Fees Bank TransferAUD, CHF, GBP, USD, EUR300 AUD/CHF/GBP/USD/EUR❌Withdrawal Options Accepted CurrenciesMinimum WithdrawalWithdrawal Fees Bank TransferEUR50 EUR15 EURCHF50 CHF15 CHFGBP50 GBP❌USD50 USD30 USDAUD50 AUD30 AUD

Rating Index

STP

Minimum Deposit
$300, €300, £300

ECN

Minimum Deposit
$300, €300, £300
How to login to FXOpen?
Fxopen Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a Fxopen Account Registering for a Fxopen account is the first step toward trading on this reputable platform. Follow these detailed steps to ensure a smooth regis

  

Fxopen Forex Broker - Complete Information Guide

  

1. Broker Overview

  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.

  

2. Regulation and Compliance Information

  FXOpen is regulated by several prominent authorities, including:

  • Financial Conduct Authority (FCA), United Kingdom, License No. 579202
  • Cyprus Securities and Exchange Commission (CySEC), License No. 194/13
  • Australian Securities and Investments Commission (ASIC), License No. 412871
  • Member of the Financial Commission, providing additional investor protection.

  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.

  

3. Trading Products and Services

  FXOpen provides a comprehensive range of trading products, including:

  • Forex: Over 50 currency pairs, including major, minor, and exotic pairs.
  • CFDs: A variety of contracts for difference across different asset classes:
  • Indices: Trading on major indices such as the S&P 500, FTSE 100, and others.
  • Commodities: Including gold, silver, crude oil, and natural gas.
  • Stocks: More than 600 share CFDs from global markets.
  • Cryptocurrencies: Access to 43 cryptocurrency pairs, including Bitcoin and Ethereum.

  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.

  

4. Trading Platforms and Technology

  FXOpen supports multiple trading platforms, ensuring flexibility and user-friendliness for traders:

  • MetaTrader 4 (MT4): A widely used platform known for its comprehensive tools and features, including automated trading through Expert Advisors (EAs).
  • MetaTrader 5 (MT5): The successor to MT4, offering enhanced functionalities such as additional order types and improved analytical tools.
  • Tick Trader: A proprietary platform that combines features from both MT4 and MT5, designed for advanced traders requiring robust trading capabilities.
  • TradingView: While not an official trading venue, many traders utilize TradingView for its advanced charting and social networking features.

  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.

  

5. Account Types and Trading Conditions

  FXOpen offers several account types to accommodate different trading styles:

  • Micro Account: Requires a minimum deposit of $1, suitable for beginners with floating spreads starting from 1 pip.
  • STP Account: Requires a minimum deposit of $10 with no commission fees, ideal for casual traders.
  • ECN Account: Requires a minimum deposit of $100 and provides access to raw spreads starting from 0.0 pips, with a commission of $1.50 per standard lot, catering to experienced traders.
  • Crypto Account: Minimum deposit of $10, allowing trading in various cryptocurrencies with a commission of 0.5%.

  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.

  

6. Funds Management

  FXOpen supports a variety of deposit and withdrawal methods:

  • Deposit Methods: Include bank transfers, credit/debit cards, and electronic wallets such as Skrill and Neteller. The minimum deposit varies by account type, starting from $1 for micro accounts.
  • Withdrawal Methods: Similar to deposit methods, with processing times ranging from 1 to 3 business days for bank transfers and instant for e-wallets.
  • Fees: While deposits are generally free, withdrawal fees may apply depending on the method used, with bank wire transfers incurring a fee of €15 or $30.

  FXOpen emphasizes quick processing times for both deposits and withdrawals, ensuring that traders have timely access to their funds.

  

7. Customer Support and Educational Resources

  FXOpen provides comprehensive customer support through various channels:

  • Support Channels: Available via live chat, phone, and email, with support hours from 8 AM to 6 PM (London time).
  • Multilingual Support: Customer service is offered in multiple languages, including English, Russian, French, and Arabic.
  • Educational Resources: While FXOpen's educational offerings are limited, they provide an economic calendar, market news, and a help center to assist traders in their decision-making.

  The broker encourages traders to stay informed about market developments, fostering a culture of continuous learning.

  

8. Regional Coverage and Restrictions

  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.

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Latest Reviews

冬眠了

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

冬眠了

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

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

FXOpen Forex Broker has an overall rating of 1.68, Regulatory Index 0.00, License Index 0.00, Business Index 8.28, Software Index 4.00 Risk Control Index 0.00.