FXOpen Review 2025: Pros, Cons, & Fees

FXOpen Review 2025: Pros, Cons, & Fees

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. I started my trades with FXOpen as it is an ECN Forex broker and the spreads are the lowest compared to many top Forex brokers. I am trading with this broker for over 2 years now and never faced any Re-quotes or rejection of my pending orders. As my trading style is a lot more focused on the Price Action I find this broker offering me the advantage of doing my trading with more profits. Copyright © 2025 Forex BrokeragesCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

Crypto account

MT4 is a Windows-based trading platform you can download from the broker’s website. FXOpen now provides a web-based version of MT4 – a terrific choice for individuals who use Apple Mac PCs and don’t have access to a direct download. All of the desktop version capabilities are available in the WebTrader terminal, which is compatible with all major desktop browsers.

Fxopen will Frustrate Your Forex Trading Journey

Commission rates for cryptocurrencies start at 0.25% for accounts with balances below $1,000 and decrease to as low as 0.10% for accounts over $250,000. These rates apply per side and vary based on platform choice (MT4/MT5 or TickTrader). TickTrader is a next-gen multi-asset platform offering unrivaled execution, advanced charting tools, back-testing capabilities, and order types such as OCO, OTA, and iceberg orders. Yes, FXOpen offers cryptocurrency CFDs as part of their ECN account, allowing you to trade popular cryptocurrencies 24/7. FXOpen makes money through spreads, commissions on trades, and other fees such as overnight swap charges. Before participating in a contest, it is recommended to familiarize yourself with its rules and conditions to understand the criteria for evaluating results and how prizes will be distributed.

We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points. FXOpen is a highly regulated broker with licenses from leading international bodies, which guarantees the safety of investments and compliance with strict standards. The broker offers a wide range of trading instruments, allowing traders to diversify their portfolios. Low spreads and commissions make FXOpen an attractive choice for those looking for a cost-effective trading environment. The availability of various platforms gives traders the flexibility to choose a trading instrument.

This makes sense – a wild swing in Bitcoin is more likely to wreck your account than a small move in EUR/USD. FXOpen’s leverage options cater to both aggressive and conservative traders. Our extensive review of FXOpen indicates an overall average experience in forex and CFD trading. While it offers the full MetaTrader suite and the TickTrader platform, the implementation of the former is relatively unimpressive. With an extremely small number of tradeable markets and a limited selection of educational materials, FXOpen simply can’t compete with the best forex brokers.

Calculation happens per round turn or per half turn for https://traderoom.info/fxopen-overview/ any FX currency metal. FXOpen mobile app allows placing market & pending orders & using interactive charts. It also allows analyzing market trends with technical indicators, viewing account history & statements. A web-based version of MT4 is also offered by FXOpen, an excellent option for those with Apple Mac PCs.

Originally, FXOpen was a training center for technical analysis of financial markets. The company began providing brokerage services only two years later. It is an ECN company that provides trading without intermediaries; clients are also given access to STP and market-maker accounts. There is a very wide selection of 70+ FX currency pairs including majors such as the EURUSD & GBPUSD, minors and exotics.

Are forex trading platforms regulated in all countries?

FxOpen’s spreads are competitive and comparable to competitors’ spreads. However, swaps are somewhat inflated compared to other Forex brokers. Because of this, it may be disadvantageous for traders to engage in long-term trading with FXOpen. The FXOpen demo account allows you to practice trading on different types of accounts risk-free and without any cost to your wallet.

• The platform offers an intuitive interface, charts from TradingView, fast order execution, and a comprehensive set of tools for analyzing and trading cryptocurrencies.
• But, traders from Japan, Belgium & the United States cannot use FXOpen.
• It uses real time quotes and your accounts equity / leverage to determine calculations.
• Regulated and providing top-notch platforms, they focus on facilitating the traders with low commission fees and tight spreads.
• An inactivity fee will reduce the value of the customer’s trading account until it is depleted.

IG – Premier Choice Among Online Forex Brokers

To delete your FXOpen account, you need to contact FXOpen’s customer support team and request the closure of your account. However, their support service does not operate 24/7, which can cause delays in responding to inquiries on weekends (for example, when trading cryptocurrencies on a weekend day). This may limit trading opportunities for traders, especially those who want to diversify their portfolios.

Participants must have an FXOpen ECN or PAMM ECN (Master) Account with a minimum deposit of $5,000. The funds remain in the respective accounts but are segregated for PAMM trading, ensuring that neither party can misuse them. All client funds segregate at Lloyds Bank Plc or Barclays Bank Plc in London. Both the MT$ and MT5 platforms follow industry-standard security requirements.

Additionally, FXOpen’s offshore branch in Saint Kitts and Nevis also offers a new platform known as TickTrader. The platform has a nice and intuitive design, is built with HTML5, and comes with integrated charts and technical analysis tools from the popular TradingView platform. For now, FXOpen has made TickTrader available on web, mobile, and as a downloadable desktop app for Windows computers. Minimum deposit requirements vary between account types, ranging from 1 USD for the Micro account to 100 USD for the ECN account. FXOpen is an online CFD broker founded in 2005 as the first Sharia compliant forex brokerage in the world, at the time serving mainly Middle Eastern clients out of its Egypt headquarters. Today, the broker is present in all parts of the world with entities registered locally in Sydney, London, Moscow, and in Saint Kitts and Nevis.

Bonuses are typically awarded as part of specific promotions, trading contests, or as a welcome offer for new clients. You can find details on how to claim these bonuses by checking the promotions section on the FXOpen website. 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. Yes, FXOpen uses advanced encryption technology and follows strict data protection protocols to ensure that your personal information remains secure.

In addition to the support staff, the broker offers an extensive FAQ section that covers common queries related to trading, account management, and technical issues. FXOpen offers access to global indices like the S&P 500, FTSE 100, and NASDAQ. Trading indices allows investors to speculate on the overall performance of a group of stocks, providing a great way to trade the broader market rather than individual assets. All information on The Forex Geek website is for educational purposes only and is not intended to provide financial advice. Any statements about profits or income, expressed or implied, do not represent a guarantee.