FX Open Broker Review

Author By Jeffrey Cammack
Updated: March 1, 2021
Overall Rating
3.13 3.13 / 5
🏦  Min. DepositUSD 5
🛡️  Regulated By
💵  Trading Cost 
USD 16
⚖️  Max. Leverage500:1
💹  Copy Trading
🖥️  Platforms
💱  Instruments 
AlertTradeForexSA does NOT recommend FXOpen due to insufficient regulation.We suggest you continue your search using our approved brokers list.
Last updated on 1 Mar 2021
by Editorial Director Jeffrey Cammack
Jeffrey Cammack

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Our verdict on FX Open

TradeForexSA does NOT recommend FX Open due to insufficient regulation. We suggest that you find an alternative regulated broker governed by processes designed to protect your funds.

FX Open offers clients the full MetaTrader suite, ample ways to deposit money on their platform, and a variety of trading account using either STP or ECN execution. Our concern for new traders signing up with this FX Open is the lack of regulation and governmental oversight, and lack of transparency in how they publish their spreads and trading commission.

🏦  Min. DepositUSD 5
🛡️  Regulated By
💵  Trading Cost 
USD USD 16
⚖️  Max. Leverage500:1
💹  Copy Trading
🖥️  Platforms
💱  Instruments 

Overall Summary

Regulation
100001/ 5
Trading Conditions
111003/ 5
Trading Platforms
11110.54.5/ 5
Deposit & Withdrawal
111104/ 5
Education & Research
110002/ 5
Assets Available
11110.54.5/ 5
Customer Service
111104/ 5
Beginner Friendly
Standard
Welcome Bonus

Account Information

Base Currencies
USD, AUD, CHF, EUR, GBP, JPY, RUB, SGD
Number of FX Pairs
50
Crypto Pairs
0
Copy Trading
Hedging Allowed
Scalping Allowed
Islamic Account

Trading Conditions

Account Name
Trading Desk
Commission
10 USD / lot - ECN Accounts
EUR/USD
0.30 pips
GBP/USD
0.90 pips
USD/JPY
0.90 pips
Negative Balance Protection

Company Details

Company Name
FXOpen Markets Limited
Founded
2003
Website Language
English
Support Language
English
Office Locations

Pros

  • #N/A

Cons

  • #N/A
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Account Name
Min. Deposit
Max. Leverage
Min. Spread
Commission
Crypto
USD 10
10:1
0
1% of Transaction Volume
Account Details
ECN
USD 100
500:1
0.0
10 USD / lot
Account Details
Micro
USD 1
500:1
0
Spread Only
Account Details
STP
USD 10
500:1
0
Spread Only
Account Details
AlertTradeForexSA does NOT recommend FXOpen due to insufficient regulation.We suggest you continue your search using our approved brokers list.
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