FXOpen
Abstract：FXOpen is an unregulated broker that offers a variety of trading instruments including forex, stocks, indices, commodities, and cryptocurrencies. FXOpen has launched 4 trading account types, namely ECN, STP, CRYPTO, and MICRO. FXOpen sets spreads and commissions starting from 0 yuan, with a minimum deposit of $1 and a maximum leverage of 1:1000 equity.
| FXOpenReview Summary | |
| Founded | 2010-01-22 |
| Registered Country/Region | Hong Kong |
| Regulation | Unregulated |
| Market Instruments | Forex, Stocks, Indices, Commodities and Cryptocurrencies |
| Demo Account | ✅ |
| Leverage | Up to 1:1000 |
| Spread | As low as 0 |
| Trading Platform | MT4, MT5, TickTrader, TradingView |
| Min Deposit | $1 |
| Customer Support | Phone:English +64-9-801-0123Chinese (Simplified) +852 5808 2427Chinese (Simplified) +(61)2 8226 8628French +33-979-998-040German +49-693-329-6294Russian +7-499-346-0960 |
| Email:support@fxopenasia.comsales@fxopen.com | |
| Social Media:Twitter: https://twitter.com/FXOpenBrokerFacebook:https://www.facebook.com/FXOpenCompanyLinkedin:https://www.linkedin.com/company/fxope | |
FXOpen Information
FXOpen is an unregulated broker that offers a variety of trading instruments including forex, stocks, indices, commodities, and cryptocurrencies. FXOpen has launched 4 trading account types, namely ECN, STP, CRYPTO, and MICRO. FXOpen sets spreads and commissions starting from 0 yuan, with a minimum deposit of $1 and a maximum leverage of 1:1000 equity.
Pros and Cons
| Pros | Cons |
| Leverage up to 1:1000 | Unregulated |
| Spreads as low as 0 | Commission of $1.5 per lot |
| Demo account available | More negative reviews on withdrawals |
| Various trading Instruments: forex, stocks, indices, commodities and cryptocurrencies | Inaccessible official website |
| Multiple account types: ECN, STP, CRYPTO, and Micro | 24/5 customer support |
Is FXOpen Legit?
FXOpen is not regulated, even though it claims to be regulated by CySEC and the license number is 194/13.
What Can I Trade on FXOpen?
Forex, shares, indices, commodities, and cryptocurrencies are tradable instruments of FXOpen.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Shares | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ✔ |
| ETFs | ✔ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
FXOpen has 4 types of accounts: ECN, STP, CRYPTO, and MICRO. These accounts set different trading thresholds suitable for novice to professional traders. Novice traders can train through demo accounts. The accounts offer floating spreads, minimum deposit from $1 to $100, and leverage ranging from 1:3 to 1:1000.
| Account Type | ECN | STP | CRYPTO | MICRO |
| Maximum leverage | 1：1000 | 1：500 | 1:3 | 1:500 |
| Minimum spread(pips) | Start from 0(float) | Float | Float | Float |
| Minimum deposit($) | 100 | 10 | 10 | 1 |
| Commission | Start from $1.5 | 0 | 0.5% per lot | 0 |
| Islamic account | Yes | Yes | No | Yes |
| Demo account | Yes | Yes | Yes | No |
| Stop Loss | 50% | 30% | 15% | 10% |
FXOpen Fees
ECN spreads are as low as 0 and commissions start from $1.5. STP, CRYPTO, and MICRO commissions are 0, 0.5% per lot, and 0 respectively. All accounts have floating spreads.
Leverage
The maximum leverage is 1:1000, which means that profits and losses are magnified 1000 times.
Trading Platform
FXOpen provides a variety of trading platforms, such as the more authoritative MT4 and MT5, FXOpen's proprietary platform TickTrader, and TradingView.
| Trading Platform | Supported |
| MT4 | ✔ |
| MT5 | ✔ |
| TickTrader | ✔ |
| TradingView | ✔ |
Deposit and Withdrawal
FXOpen's deposit methods include FasaPay and Advcash. FasaPay is commission-free on USD and IDR deposits, while Advcash charges 0.5% commission on EUR, GBP, and USD deposits.
FXOpens withdrawal methods include Paypaid, which charges a 2% commission for withdrawals in Thai Baht, FasaPay, which charges a 0.5% commission for withdrawals in USD and Rupiah, and Advcash, which charges a 0.5% commission for withdrawals in USD and EUR.
Customer Support Options
FXOpen offers 24/5 customer support. FXOpen provides contact information by phone, email, and live chat. In addition, you can learn about FXOpen through social media including Facebook, Twitter, and LinkedIn.
| Contact Options | Details |
| Phone | English+64-9-801-0123Chinese (Simplified)+852 5808 2427Chinese (Simplified)+(61)2 8226 8628French+33-979-998-040German+49-693-329-6294Russian+7-499-346-0960 |
| support@fxopenasia.comsales@fxopen.com | |
| Live Chat | ✔ |
| Social Media | Twitter: https://twitter.com/FXOpenBrokerFacebook:https://www.facebook.com/FXOpenCompanyLinkedin:https://www.linkedin.com/company/fxope |
| Supported Language | English |
| Website Language | English |
| Physical Address | Charlestown, Nevis PO. Box 590, Springates East, Government Road, Charlestown, Nevis |
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