FXOpen Review 2026

FXopen Broker Review Trustpilot

Overview & Awards

FXOpen is a well-established retail and institutional forex broker that has been providing online trading services since 2003 (originally founded) and offering brokerage services since 2005.
The broker has global offices regulated by the financial supervisory commissions FCA (United Kingdom) and CySEC (Cyprus).

In 2021, at the International Association of Forex Traders, FXOpen International (FXOpen Markets Ltd.), won the title of “Best ECN Broker.” The company specializes in STP and True ECN execution models, providing access to over 700 trading instruments including Forex and CFDs.

FXOpen provides access to trading with over 700 instruments (Forex and CFDs) with leverage up to 1:30 or up to 1:500, depending on client status and country.

Attributes Overview of FXOpen

Regulation and Security

FXOpen is currently only regulated by MiFID and the UK’s FCA, after its ASIC license has recently been revoked.

Tier-1 Regulators – Financial Conduct Authority (FCA), and regulated in the European Union via the MiFID passporting system.
FXOpen uses advanced encryption technology and follows strict data protection protocols to ensure that your personal information remains secure.

FXOpen employs two-factor authentication (2FA) for account access, adding an extra layer of protection against unauthorized access.

Yes, FXOpen is regulated in multiple jurisdictions and is a member of The Financial Commission, which provides an added layer of dispute resolution and protection for clients.

The broker maintains segregated client accounts to protect trader funds from company operational funds.

Trading Accounts

ECN Account

Commissions from US Dollar 1.5 standard lot at a volume of US Dollar 100k, floating spreads from 0.0 pips, leverage up to 1:500
The fee starts from 1.5 units of the base currency per lot, and spreads start from 0.0 pips. The minimum deposit is $100. ECN accounts are available on the MT4, MT5, TradingView, and TickTrader platforms
True ECN execution with access to institutional liquidity
Available on all major trading platforms

Crypto Trading Account

0.5% half-turn commissions which will be shown right after opening a trade
Specialized for cryptocurrency trading
Access to major crypto pairs and CFDs

Crypto 10 Trading Account

0.25% half-turn commissions
Enhanced crypto trading conditions
Lower commission structure for active crypto traders

Crypto Trading Account

0.5% half-turn commissions which will be shown right after opening a trade
Specialized for cryptocurrency trading
Access to major crypto pairs and CFDs

Crypto 10 Trading Account

0.25% half-turn commissions
Enhanced crypto trading conditions
Lower commission structure for active crypto traders

Fees & Commissions
ECN Account Commissions:

ECN accounts providing raw spreads from 0.0 pips, fast execution speeds, and discounted commissions for high-volume traders. ECN Account – commissions from US Dollar 1.5 standard lot at a volume of US Dollar 100k

Other Fees:

If your account is inactive, you will be charged $10 per month. If your account is disabled, you will be charged $50 to reopen the account
Credit/Debit Cards – 2.5% or USD/EUR 3.5 and RUB 50. China UnionPay – 3.5% but not less than specified minimums
FXOpen does not offer traders spread betting and therefore spread betting fees do not apply. Although FXOpen does not charge deposit fees, it does charge withdrawal fees

Execution and Spreads

FXOpen streamlined its account offerings in 2024, ensuring a user-friendly setup with ECN accounts providing raw spreads from 0.0 pips, fast execution speeds, and discounted commissions for high-volume traders.
The broker offers True ECN execution with STP processing, ensuring direct market access and transparent pricing.
Spreads are competitive across all major currency pairs, with floating spreads that reflect real market conditions.

Markets and Products

FXOpen offers comprehensive market access including:

Stock CFDs: Access to major global stock exchanges including US, UK, European, and Asian markets
Index Trading: Major indices from around the world
Commodities: Energy, agricultural, and industrial commodities
PAMM Accounts: Portfolio management services for passive investors
Social Trading: Copy trading functionality through supported platforms
Cryptocurrency Trading: Dedicated crypto accounts with competitive spreads

Trading Conditions

EAs/Robots: Fully supported across all platforms, particularly MT4 and MT5
News Trading: Allowed with minimal restrictions
Scalping: Permitted on ECN accounts with tight spreads ideal for scalping strategies
Hedging: Full hedging capabilities available
Maximum Position Size: Up to 500 lots per position

Deposit & Withdrawal Methods

Deposit Methods:

Credit/Debit Cards (Visa, MasterCard)
Bank Wire Transfers
Electronic wallets (Skrill, Neteller, WebMoney)
China UnionPay
Cryptocurrencies
Local payment processors

Withdrawal Methods:

Same methods as deposits
Processing times vary by method (1-5 business days)
Withdrawal fees apply to most methods as outlined in the fees section

Trading Platforms

MetaTrader 4 (MT4)

MT4 is an industry standard, and I find it solid for forex trading on Windows and Mac desktops, from a web browser, or on a mobile device. It’s not my first-choice platform because I do not like its dated and clunky interface. Still, it offers advanced charting tools and over 30 technical indicators
Available on desktop, web, and mobile
Expert Advisors (EA) support
Advanced charting and technical analysis

MetaTrader 5 (MT5)

Enhanced features over MT4
Additional timeframes and indicators
Economic calendar integration
Multi-asset trading capabilities

TickTrader

FXOpen’s proprietary platform
Advanced order management
Level II pricing
Professional-grade interface

TradingView

Web-based platform
Advanced charting capabilities
Social trading features
Wide range of technical indicators

Pros and Cons

Recommended for These Type of Traders

Experienced Traders: Highly recommended due to ECN execution, tight spreads, advanced platforms, and professional trading conditions. The True ECN model provides institutional-level access perfect for serious traders.

Beginner Traders: FXOpen is not ideal for beginners due to the absence of comprehensive educational resources.
However, the low minimum deposit and user-friendly platforms make it accessible for new traders willing to seek education elsewhere.

Scalpers and Day Traders: Excellent choice due to ECN execution, tight spreads, and fast order processing.

Customer Support

FXOpen provides customer support through multiple channels:

24/5 live chat support
Email support
Phone support in multiple regions
Dedicated account managers for larger accounts
Multi-language support team
Support ticket system

Supported Languages
Website Languages: English, Russian, Chinese, Spanish, Arabic, and others
Customer Support Languages: English, Russian, Chinese, German, French, Spanish, Italian, Arabic, and several other major languages

Education and Training

FXOpen has limited educational resources and does not offer advanced or beginner education videos. The broker focuses more on providing trading tools and platforms rather than comprehensive educational content. Traders may need to seek educational resources from third-party providers.
Trading Tools and Resources

Trading Signals: Available through MT4/MT5 platforms
Economic Calendar: Integrated in some platforms
Market Analysis: Regular market updates and analysis
PAMM Accounts: Portfolio management services
VPS Services: Virtual private servers for automated trading
API Access: For algorithmic trading development

Sign Up Process:
Required Documents:

Government-issued photo ID (passport, driver’s license)
Proof of address (utility bill, bank statement)
Additional documents may be required based on jurisdiction
Enhanced due diligence for larger deposits

Verification Time: Typically 1-2 business days for standard verification, longer for enhanced due diligence requirements.

FAQ

Q: Is FXOpen regulated?
A: Yes, FXOpen is regulated by the FCA (UK) and CySEC (Cyprus), and operates under MiFID regulations in the EU.

Q: What is the minimum deposit?
A: The minimum deposit is $100 for ECN accounts.

Q: Does FXOpen allow scalping?
A: Yes, scalping is fully permitted, especially on ECN accounts with spreads from 0.0 pips.

Q: Are there withdrawal fees?
A: Yes, withdrawal fees apply depending on the payment method used.

Q: Does FXOpen offer demo accounts?
A: Yes, free demo accounts are available for all trading platforms.

Q: Can I use Expert Advisors (EAs)?
A: Yes, EAs are fully supported on MT4 and MT5 platforms.

Promotional Campaigns

Welcome Bonuses: Periodic promotional bonuses for new clients
Trading Competitions: Regular trading contests with prizes
Referral Programs: Rewards for referring new clients
Volume-based Rewards: Rebates and reduced commissions for high-volume traders
Seasonal Promotions: Special offers during major holidays and events

Disclaimer: Trading CFDs and Forex involves significant risk of loss. This review is for informational purposes only and should not be considered as investment advice. Always conduct your own research before trading.

Disclaimer: Trading CFDs and Forex involves significant risk of loss. This review is for informational purposes only and should not be considered as investment advice. Always conduct your own research before trading.