FXOpen at a glance
FXOpen is a multi-entity forex and CFD brokerage group offering electronic trading through MetaTrader 4, MetaTrader 5 and TickTrader. Its services, trading conditions and regulatory protections vary according to the legal entity serving the client.
FXOpen reports a founding year of 2005 and a head office in London, UK. It lists 3 regulators and 3 trading platforms.
BrokerBazaar verdict
FXOpen offers several trading platforms and account structures, including ECN accounts with variable spreads and commissions. Its regulatory arrangements differ across the UK, EU, Australia and international operations. Prospective clients should confirm the contracting legal entity, applicable protections, trading costs and leverage before opening an account.
Legal entities, regulation and licences
FXOpen operates through 2 legal entities, each supervised separately. Your account is with one specific entity, so the protections you receive depend on which one onboards you, not on the group's strongest licence. Overall, the group is supervised by no regulator we could map to a public register.
Licence check: Not independently checked. This broker has submitted its details. BrokerBazaar has not yet independently checked them. A company registration or general business licence is not permission to offer regulated brokerage services; only the register entries linked in the table count.
Countries accepted and restricted
FXOpen states that it accepts clients from United Kingdom, European Union, Australia, International Markets (subject to local restrictions). Availability is decided per entity and can change without notice; residents of jurisdictions such as the USA, and often the EU and UK, are frequently excluded from offshore entities.
Trading products, platforms and account types
Instruments: Forex, Indices, Commodities, Stocks, Crypto. Platforms: MT4, MT5, TickTrader. Account types: ECN, STP, Micro, Crypto.
Best-for tags assigned by our team: ECN Trading, Crypto, Low Minimum.
Minimum deposit, spreads, commissions and other charges
The minimum deposit is USD 1 for the international Micro account. Minimum deposits vary by account type and legal entity. The UK and EU entities list minimum deposits of GBP 300 or EUR 300, respectively, while the Australian entity has separate requirements.. Spreads start from 0.0 pips and commission is From USD 1.50 per lot per side…. Maximum leverage is 1:500 (dynamic), subject to the cap of the entity that holds your account.
Swap-free / Islamic account: available (conditional). Swap type: variable. Headline spreads are usually quoted for the most expensive account tier's cheapest instrument; compare total cost for your typical trade.
Deposits and withdrawals
Deposit methods: Bank Transfer, Credit Card, Skrill, Neteller, Crypto. Withdrawal methods: Bank Transfer, Credit Card, Skrill, Neteller, Crypto.
Withdrawal speed and fees are set by the entity and payment provider. Withdrawal delays are the most common complaint category on BrokerBazaar across all brokers; keep identity documents current and withdraw to the same method you deposited with where required by anti-money-laundering rules.
Execution model, negative balance protection and client money
Negative balance protection: Not specified. Scalping allowed: Yes. Algorithmic trading allowed: Yes. News trading allowed: Yes. Hedging: both. These conditions were compiled from public information and have not yet been confirmed by the broker.
Client-money rules follow the regulator of the entity that holds your account. Check that regulator's rules on its register.
Complaints and dispute process
Formal complaints: compliance@fxopen.com. Phone: +64 9 801 0123 (international trading desk; not a dedicated complaints line).. Clients can submit complaints to compliance@fxopen.com. Complaints should include their full name, trading account login, relevant order numbers, a description of the issue and supporting screenshots. The applicable complaint procedure depends on the client's legal entity.
If the broker does not resolve a complaint, escalate to the ombudsman or regulator of the entity that holds your account. BrokerBazaar's Dispute Support Desk can help you document and escalate a case.
Strengths and limitations
- Strength: Multiple regulated regional entities.
- Strength: ECN accounts with raw spreads advertised from 0.0 pips.
- Strength: Supports MT4, MT5 and TickTrader.
- Strength: Offers several account types.
- Strength: High leverage available for eligible international clients.
- Strength: Established presence in forex trading.
- Limitation: Regulatory protections differ considerably by entity.
- Limitation: International clients may not have equivalent compensation or negative balance protections.
- Limitation: High leverage can magnify losses.
- Limitation: ECN trading involves commissions.
- Limitation: Minimum deposits vary across jurisdictions.
- Limitation: Product availability is subject to regional restrictions.
Who this broker suits, and who it does not
FXOpen is most relevant to traders looking for: ECN Trading, Crypto, Low Minimum.
It is less suitable for anyone who needs a strict-tier regulator in their own country of residence, for residents of restricted jurisdictions, and for beginners who have not yet understood leverage and margin. Nothing on this page is personal financial advice.
FXOpen change history
Every published fact change, with the previous value and the date it took effect. Each entry says whether the broker made the change itself or our editors checked it against an official source. Regulation and licence claims are always checked by an editor.
No fact changes recorded for FXOpen yet. Changes appear here as soon as the broker updates its profile or our editors confirm a change.
Frequently asked questions about FXOpen
Data sources. Broker submission, the regulator registers linked above, web-archive and domain records, and third-party traffic data. No independent licence check date is recorded yet. External ratings: Trustpilot 3.5/5; WikiFX 1.81/10; Google Play Store 4.5/5; Forex Peace Army 2.94/5; Apple App Store (US) 4.7/5; Forex Peace Army 2.21/5.
Commercial disclosure. BrokerBazaar is independent and not owned by any broker. We may receive a referral fee if you open an account with FXOpen through our links; this never affects scores or verification. How we make money. Trading leveraged products carries a high risk of loss.