FXOpen forex broker review and detailed information
How does FXOpen compare with its competitors? Check out also our comprehensive and fully interactive comparison of forex brokers. If you do not know what the terms in the following tables mean, read the tutorial about forex brokers first.

Basic information
| Website | Visit FXOpen |
| Type | ECN, MM |
| Regulated by | FSC Republic of Mauritius |
| Country | Mauritius |
| Established in | 2005 |
| Live chat | yes |
Trading terms
| Commission (pips) | 0.00 |
| Fixed spread | yes |
| Variable spread | yes |
| Spread on majors (pips) | 0.5-3.0 |
| Leverage | 200:1 |
| Minimum deposit (USD) | 1 |
| Minimum trade size (USD) | 100 |
Available features
| Number of currency pairs | 27 |
| Precious metals | yes |
| Oil | no |
| Hedging | yes |
| Trailing stop | yes |
| Free automated trading | yes |
| MetaTrader 4 | yes |
| Mobile trading | yes |
Forex account
| Demo account | yes |
| Interest on unused balance | no |
| Islamic swap-free accounts | yes |
| Segregated accounts | yes |
| Accepts U.S. citizens | yes |
| Payment by Bank wire | yes |
| Payment by Credit card | no |
| Payment by PayPal | no |
| Payment by check | no |
| Other payment options | AlertPay, c-gold, cashU, Liberty Reserve, PerfectMoney, WebMoney |
| Account in USD | yes |
| Account in Euro | no |
| Account in GBP | no |
| Account in CHF | no |
| Account in JPY | no |
| Account in AUD | no |
| Account in CAD | no |
| Account in NZD | no |
| Account in CZK | no |
| Account in DKK | no |
| Account in HKD | no |
| Account in ILS | no |
| Account in NOK | no |
| Account in PLN | no |
| Account in RMB | no |
| Account in RUR | no |
| Account in SEK | no |
| Account in SGD | no |
| Account in ZAR | no |
Languages
| Arabic | yes |
| Chinese | yes |
| Czech | no |
| Dutch | no |
| English | yes |
| French | yes |
| German | no |
| Greek | no |
| Hebrew | no |
| Indonesian | yes |
| Italian | yes |
| Japanese | no |
| Korean | no |
| Malaysian | yes |
| Polish | no |
| Portuguese | yes |
| Russian | yes |
| Spanish | no |
| Turkish | no |
FXOpen customer reviews
Are you a satisfied customer? Or you want to share a scary story? Tell the world about your real-life experience with this forex broker! While writing your review, please also specify for how long time you have been trading with them and what trading style you use (for example news trading, grid trading, scalping, etc.). Readers with a similar trading strategy will pay more attention to your comment. Only genuine broker reviews will be published; posts promoting a website and generic comments will be removed.
Cyrus
2008-10-28
I have been trading with fxopen for 2 years. I am holding more than 10k with them and have not had a single trouble. Spreads are tight and never widen even during news time. TP and SL are guaranteed. Deposit and withdrawal are fast. For the support, you can get them on skype. In a nutshell, low spread, fast execution and fast service make fxopen my favourite broker.
Adam Cohen
2009-01-10
I have been trading live with FXOpen for more than a year. Their spread remained ‘fixed’ even in the most volatile periods of the last year. All my four withdrawals have been paid. FXOpen also allows using EA and custom technical indicators in MetaTrader. I highly recommend this broker. My only criticism is that they do not support direct credit card funding.
anang
2009-04-06
THIS FOREX IS SCAM DON'T TRUST EVERYONE ..
CYRUS and adam may be clone
look out my screenshoot
http://www.postimage.org/Pq1O46kA-05065423c85e5728aaa07141fe2c2dcd.jpg
hydro
2009-06-19
Trading with them live sind almost half a year now. Spreads are ok, order execution time ok, support (chat) brilliant. Can only recommend this broker. Would also like to see credit card funding - but there are good alternatives.
clark
2009-07-02
This isn’t a real FXOpen review, but I’ve just got $1600 from them. My profit since January. Their withdrawal by wire works like a charm.
ken
2009-10-07
admin, fxopen offers demo trading. I think there is also EUR account....
admin
2009-10-07
Thanks a lot, ken. I've updated the information about demo trading (FXOpen providing a demo account). But as far as I know, all trading accounts with FXOpen are held in USD. Couldn't find any information about accounts in EUR. Please let me know if you happen to have a link.
Abdul Malek Haron
2009-10-13
I've trade with fx open since end of august 2009. With USD 1000 capital, i have withdrawn USD 7000 in profit and my account balance at the moment is usd 11.6K. In my opinion, this broker is good. Deposits and withdrawal are fast using liberty reserve. I haven,t tried using other methods such as money bookers, perfect money, bank wire etc. I think those methods are also fast and easy. Try this broker, you won't regret.
Sam Ajlouni
2010-01-15
not bad.. but don't like that they don't have credit card funding option. otherwise they are fine
hadi
2010-01-22
yup...credit/debit card must have then it will be the perfect broker...lol
jason
2010-03-22
I dont think they accept U.S. clients. if they did i would try them.
admin
2010-04-26
Jason, FXOpen does accept clients from the United States.
Martin KL Malaysia
2010-05-06
What are the charges for money wire transfer to deposit and withdrawal using Malaysia Maybank Account? Time taken for transaction? At the moment I'm using FXopen topup scratch card and using the local agent to withdraw my profits. Please advice! masterplanners3000@yahoo.co.uk
gL4di4t0R
2010-05-23
let's be honest, i found them on internet nearly 1 month ago , i deposited sum of 15k$ with them, when i did make profits and make the money 30k$ , i got pessimist with them, i searched google for review of them , i all have read was that they are scams , i really scared , i chatted with bodies they said it too, and they said that i most withdraw all of my money from them but if they pay you, so i requested the withdraw of 450$ , first time they rejected the request, i got scared more, i mailed them they said that you most provide the webmoney number that you have deposited from, i did correct the number, oh yes they paid me, i did request another 2210.48 $ , they paid me again, i did request another two 5000$ , oh come on they paid me again, oh my god , only after 1 month i did double my money and all of my deposits in my bank accounts , they are really nice, fast deposit, but slower withdraw, don't scare, you are safe with them , trade with honest and you will get your money more honestly.
thank you fxopen, and thanks to all the guys that works for fxopen.
if you want i can upload my statement and my screen shot of my withdraws in any where.
i will post this review on other sites too , so if you seen this review elsewhere I'm not a bot , I'm a real person from Iran.
Isida
2010-05-30
FXOpen banned from FSC Mauritius along with 5 other companies. As stated in press-release from FSC "Notice is given that where the above companies also hold an Investment Dealer
Licence or Investment Adviser Licence, these licences are being suspended with
immediate effect in accordance with Section 27(3) of the Financial Services Act."
TheKnober
2010-05-31
Hello. very keen to use this broker. Heard only good reviews about it!
Yomi Okubule
2010-07-08
I have been trading with fx open for weeks now. My only grouse is why they did not inform us that they are changing their bank for deposit until after I sent money to the former bank provided. Right now my money is hanging and I am losing out on so many trading opportunities. I ask them when do I get my money back, they cannot give a definite date.
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