FXOpen Review 24
I’d like to share a genuine review of this broker, particularly regarding the severe slippage issue. I entered forex trading with high expectations, but this broker has been a major disappointment. I place my trades expecting to enter at a specific price, say 1.1000, only to find the execution slipping to 1.1004 or even 1.1010. This happens consistently, even during calm market conditions, not just during volatile news periods, and it’s drastically affecting my profits, often turning potential gains into break-even or losses. I’m quite frustrated because this level of slippage erodes my confidence in their platform. I expect a broker to execute trades accurately and promptly, but it feels like they’re mishandling my orders. For anyone considering this broker, I strongly recommend testing their execution thoroughly before committing significant funds. This slippage issue could turn your trading experience into a frustrating ordeal, so proceed with caution.
I like this broker service for one thing, it's fast, deposit, trading, logging in, everything is fast I didn't have any troubles trying to use the broker
good broker, traded on the app, it was easy to deposit and has a low deposit clause, which can be affordable for every forex trader
I used it in the past. I used to run an EA on a rare Bitcoin-denominated ECN account. The spreads were average, slippage was significant, and it was a broker without any other outstanding features.
It is a little bit tricky. Depositing is free but withdrawing charges commission fees. This makes me feel that depositing is easier and withdrawing can be harder. What if I'm running at a loss and I want to withdraw my money? Then I have to pay more, which is awful...
Its trading platforms operate well. I usually use MetaTrader 4 or MetaTrader 5, and recently I tried the other two platforms offered by FXOpen, which turns out to be good.
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!
I use both MT4 and MT5 for my trades, and FXOpen’s integration of these platforms is seamless. I particularly enjoy using custom indicators and automated trading scripts which are supported brilliantly here.
