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
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