Fake FXOPEN-Overview of Minimum Deposit, Spreads & Leverage

FXOPEN Information

FXOPEN is an Australian-based broker with 5-10 years of experience. It offers 6 types of trading products, 4 trading platforms, and 4 withdrawal methods. However, its regulatory status is marked as a suspicious clone.

Pros and Cons

Is FXOPEN Legit?

FXOPEN is regulated by the Australian Securities & Investments Commission (ASIC) with a License Type of Market Making (MM) and License Number 412871. However, its regulatory status is Suspicious Clone.

What Can I Trade on FXOPEN?

FXOPEN offers six types of trading products, including indices, commodities, forex, shares, cryptocurrencies, and ETFs.

Account Type

FXOPEN offers two account types: ECN and STP. It also offers demo accounts.

Leverage

Both ECN and STP account types offer a leverage of up to 1:30.

Spreads & Commissions

FXOPEN offers floating spreads for the STP account type. Spreads start from 0 pips for the ECN account.

Trading Platform

FXOPEN offers four trading platforms: TickTrader, TradingView, MT5 (MetaTrader 5), and MT4 (MetaTrader 4). They all support Windows, Web Browser, Android, macOS, iOS, and online access.

Deposit and Withdrawal

FXOPEN offers the following withdrawal methods: Wire Transfer, Skrill, Neteller, and WebMoney.