FXOpen Forex Broker

FXOpenReview SummaryFounded2010-01-22Registered Country/RegionHong KongRegulationUnregulatedMarket InstrumentsForex, Stocks, Indices, Commodities and CryptocurrenciesDemo Account✅LeverageUp to 1:1000SpreadAs low as 0Trading PlatformMT4, MT5, TickTrader, TradingViewMin Deposit$1Customer SupportPhone:English +64-9-801-0123Chinese (Simplified) +852 5808 2427Chinese (Simplified) +(61)2 8226 8628French +33-979-998-040German +49-693-329-6294Russian +7-499-346-0960Email:support@fxopenasia.comsales@fxopen.comSocial Media:Twitter: https://twitter.com/FXOpenBrokerFacebook:https://www.facebook.com/FXOpenCompanyLinkedin:https://www.linkedin.com/company/fxopeFXOpen 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 ConsPros Cons Leverage up to 1:1000UnregulatedSpreads as low as 0Commission of $1.5 per lotDemo account availableMore negative reviews on withdrawalsVarious trading Instruments: forex, stocks, indices, commodities and cryptocurrenciesInaccessible official websiteMultiple account types: ECN, STP, CRYPTO, and Micro24/5 customer supportIs 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 $100, and leverage ranging from 1:3 to 1:1000.Account Type ECNSTPCRYPTOMICROMaximum leverage1：10001：5001:31:500Minimum spread(pips)Start from 0(float)FloatFloatFloatMinimum deposit($)10010101CommissionStart from $1.500.5% per lot0Islamic accountYesYesNoYesDemo accountYesYesYesNoStop Loss50%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 PlatformSupported 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 DetailsPhone English+64-9-801-0123Chinese (Simplified)+852 5808 2427Chinese (Simplified)+(61)2 8226 8628French+33-979-998-040German+49-693-329-6294Russian+7-499-346-0960Email support@fxopenasia.comsales@fxopen.comLive Chat ✔Social MediaTwitter: https://twitter.com/FXOpenBrokerFacebook:https://www.facebook.com/FXOpenCompanyLinkedin:https://www.linkedin.com/company/fxopeSupported Language EnglishWebsite Language EnglishPhysical Address Charlestown, Nevis PO. Box 590, Springates East, Government Road, Charlestown, Nevis