Home -
knowledge -
FXOpen -
Introduction -

WikiFX Express

Exness
EC Markets
TMGM
XM
FOREX.com
FXTM
AvaTrade
FXCM
IC Markets Global
Eightcap

Previous Post

IQ OPTION Review - Does It Support MT4 and MT5? - WikiFX

Next

DMA Capitals Review - Does It Offer $0 Minimum Deposit Bonus? - WikiFX

FXOpen Spreads, leverage, minimum deposit Revealed

WikiFX | 2025-04-27 12:38

Abstract:FXOpen requires the minimum deposit of $300, which is higher than the average ($100). Beginners may find it is not as friendly as other brokers with no minimum.

FXOpenReview Summary
Founded2010
Registered Country/RegionUK
RegulationFCA (regulated), FSPR (revoked), ASIC (suspicious clone)
Market InstrumentsCurrencies, Cryptocurrencies, Metals, Energies, Indexes, Shares, ETFs
Demo Account✅
LeverageUp to 1:30
SpreadFrom 0 pips
Trading PlatformMT5, MT4, TickTrader, TradingView
Minimum Deposit$300
Customer SupportLive chat
Tel: +44 (0) 203 519 1224 (8 am - 6 pm Lodon time)
Email: support@fxopen.co.uk
Address: 80 Coleman Street, London, EC2R 5BJ, United Kingdom
Social media: Instagram, YouTube, Twitter, Facebook, LinkedIn, Telegram
Regioal RestrictionsThe United States, Belgium

  FXOpen was registered in 2010 in the UK, specializing in currencies, cryptocurrencies, metals, energies, indexes, shares, and ETFs trading. It provides four types of ECN accounts, with a minimum deposit of $300 and a maximum leverage of 1:30. More importantly, this company is regulated, and it provides various channels for customer support.

FXOpen's homepage

Pros and Cons

Pros Cons
RegulatedRegional restrictions
Demo accounts availableCommission fees charged
MT4 and MT5 supportedSuspicious clone ASIC license
Multiple channels for customer support
Diverse tradable assets
Long operation time

Is FXOpen Legit?

  FXOpen is regulated by Financial Conduct Authority (FCA). However, its license was revoked by Financial Service Providers Register (FSPR), and it holds a suspicious clone Australia Securities and Investment Commission (ASIC) license. Traders should be aware of the potential risks!

Regulated AuthorityCurrent StatusLicensed EntityRegulated CountryLicense TypeLicense No.
Financial Conduct Authority (FCA)RegulatedFXOpen LtdUKStraight Through Processing (STP)579202
Financial Service Providers Register (FSPR)RevokedFXOPEN NZ LIMITEDNew ZealandFinancial Service Corporate192685
Australia Securities and Investment Commission (ASIC)Suspicious CloneFXOpen AU Pty LtdAustraliaMarket Maker (MM)000412871
Regulated by FCA
Revoked FSPR license
Suspicious clone ASIC license

What Can I Trade on FXOpen?

  FXOpen provides several types of products, including currencies, cryptocurrencies, metals, energies, indexes, shares, and ETFs.

Tradable Instruments Supported
Currencies✔
Metals✔
Energies✔
Indexes✔
Shares✔
Cryptocurrencies✔
ETFs✔
Bonds❌
Options❌
Futures❌
What Can I Trade on FXOpen?

Account Type

  FXOpen provides four types of ECN accounts: Basic ECN, Classic ECN, Advanced ECN, and Elite ECN. Besides, demo accounts and Islamic accounts are also available.

Account TypeMinimum DepositMaximum LeverageSpreadAccount Currencies
Basic ECN$3001:30Floating from 0 pipsGBP, USD, EUR
Classic ECN$1,000
Advanced ECN$25,000
Elite ECN$250,000
Account comparison

Leverage

  The leverage can be up to 1:30. Traders need to consider carefully before investing, and it should be noted that high leverage is likely to bring high potential risks.

FXOpen Fees

  FXOpen charges certain amount of commission fees, and fees vary based on instruments and accounts. Below are the details, with the Basic ECN Account in the first chart, followed by Classic ECN, Advanced ECN, and Elite ECN.

Commission FeeBasic ECN AccountClassic ECN AccountAdvanced ECN AccountElite ECN Account
Forex$3.50$2.50$1.80$1.50
CryptoFrom 0.08%From 0.05%From 0.03%
Index❌❌❌❌
Commodity0.005%0.0025%0.0018%
Shares0.1%

Trading Platform

  FXOpen uses MT4, MT5, TickTrader, and TradingView as its trading platforms.

Trading PlatformSupported Available Devices Suitable for
MT4✔PC, web, mobile, macBeginners
MT5✔PC, web, mobile, macExperienced traders
TickTrader✔PC, web, mobile/
TradingView✔PC, web, mobile, macBeginners
Trading Platform

Deposit and Withdrawal

  FXOpen only supports bank tranfer. It does not charge fees for deposits, but it charges withdrawal fees.

Deposit Options Accepted CurrenciesMinimum Deposit Deposit Fees
Bank TransferAUD, CHF, GBP, USD, EUR300 AUD/CHF/GBP/USD/EUR❌
Withdrawal Options Accepted CurrenciesMinimum WithdrawalWithdrawal Fees
Bank TransferEUR50 EUR15 EUR
CHF50 CHF15 CHF
GBP50 GBP❌
USD50 USD30 USD
AUD50 AUD30 AUD
Deposit
Withdrawal

Related broker

Regulated
FXOpen
Company name:FXOpen Ltd
Score
2.56
Website:https://www.fxopen.co.uk/en/
10-15 years | Regulated in United Kingdom | Straight Through Processing (STP) | MT4 Full License
Score
2.56

Latest News

FXTM: A Closer Look at Its Licences

WikiFX
2025-06-24 17:01

Tiger Brokers Expands Hong Kong Operations to Tap Offshore Chinese Wealth

WikiFX
2025-06-24 17:09

U.S. Treasury yields rise after Trump announces Israel-Iran ceasefire

WikiFX
2025-06-24 10:29

Gold Prices Down in Early Hours of Spot Trading Today in India

WikiFX
2025-06-24 15:00

Purple Trading Penalized €150,000 Over Compliance Failures in Cyprus

WikiFX
2025-06-24 15:44

Asian chip stocks rise after Nvidia reclaims title of the world's most valuable company

WikiFX
2025-06-26 03:25

Nvidia's comeback sparks a rally in Asian chip stocks

WikiFX
2025-06-26 03:25

CNBC Daily Open: Despite all the uncertainty, the S&P 500 is flirting with record highs — strange times

WikiFX
2025-06-26 02:03

PU Prime and AFA Announce Partnership at Madrid Event

WikiFX
2025-06-26 14:11

The top private and public colleges for financial aid — 5 offer average scholarships of more than $50,000

WikiFX
2025-06-24 14:00

Rate Calc

USD
CNY
Current Rate: 0

Amount

USD

Available

CNY
Calculate

You may also like

Cryptriva

Metawaveoptions

365fxassets

Faxton

Forexware

1000EXTRA

WorldFirst

Fake AGM

Taijin

ISIG