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.
If it's truly regulated, why require a verification deposit? Every deposit demands identity verification. Even after providing all documents, they blame system settings—claiming it's to prevent credit issues after verification deposits, then cite other excuses... a bottomless pit. Now watching money get deducted in real-time 🤧😭
i had managed once again to close most of my trades in profit on my Mt4 terminal account, but i noticed the trades i closed in profit on my mt4 terminal were left open on the fxopen platform. contacted their support and explained the situation and provided evidence which clearly show the mt4 account was running, and all most these trades closed in profit, they claimed my stp account expired which is absolutely false.
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.
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
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.
