FXOpen Discussion
- Website: www.fxopen.com
- Founded: 2005
- Company: FXOpen NZ Limited (New Zealand), FXOpen Ltd (UK, #07273392), FXOpen Markets Limited (Nevis company No. C 42235)
- Headquarter: Level 3 187 Queen Street, Cbd, Auckland, 1010, New Zealand
- Regulation: ASIC (AFSL 412871 – ABN 61 143 678 719) • FCA (#579202)
| International offices | Egypt, Australia, Russia, London (UK) |
| Broker Type | ECN/STP • Market maker |
| Broker Status | Independent Broker |
| Accept U.S Clients |  |
| Live Chat |  |
| Phone | +64 9 801 0123 |
| Fax | – |
| [email protected] | |
| Website Languages | Arabic, Chinese, English, Farsi, French, German, Hebrew, Italian, Japanese, Korean, Polish, Portuguese, Russian, Spanish, Turkish, Dutch, Thai, Malay, Indonesian, Georgian |
Account Information
| Free Demo Account | |
| Min. Deposit | $1 |
| Account Currencies | USD |
| Maximum Leverage | 500:1 |
| Minimal Order Volume | 0.01 |
| Segregated accounts | |
| Swap-free Accounts | |
| MAM/PAMM accounts | PAMM |
| Interest on margin | |
| Deposit/ Withdraw Options | WebMoney • Skrill (Moneybookers) • Bank Transfer • Visa/ Mastercard • Payza • UnionPay • RBK.Money • LiqPAY • Fasapay • Neteller • DIXIPay • Perfect Money • Yandex.Money • Fasapay • QIWI Wallet • Bitcoin • Litecoin • Ethereum • Tether • Emercoin |
Trading Terms
| Trading Platforms | MetaTrader 4 |
| Precision pricing | 5 digits |
| Type of Spread | Floating |
| Commission | from $15 |
| Lowest spread on EURUSD | 2 pips – Mini-account 2 pips – Standard account 0.5 pips – ECN account |
| Scalping | (orders must hold at least 60 seconds) |
| Hedging | |
| Expert Advisors | |
| Gold, Silver | |
| CFDs | |
| Cryptocurrency Trading | Bitcoin • Ethereum • Litecoin • BitcoinCash • Ripple • Dashcoin • Emercoin • Monero |
| Other Trading Instruments | |
| Promotion | FXOpen bonus |
| Trading Contests | FXOpen contest |
Martín says
I will complete 5 years of successful trading with this broker. This is a great Forex Broker with many options for the Money Withdrawals.
I am very happy with my trading with the FXOpen.
Lucas says
One of the Best ECN Forex Brokers in the market. They have many types of Trading accounts but i like the ECN Trading Facility that they have provided to me at the Lowest Spreads.
Charlotte White says
FXOpen is my preferred Forex Broker for many reasons but the main is the ability to make Deposit and Withdraw using many of the Methods and Fast Withdrawals available including Automatic.
Melokuhle says
FXOpen is a very Reliable ECN Forex Broker that i have been doing my Forex trading with the year 2015.
They have very Fast Withdrawals and the Spreads are very Low.
Daniel says
This broker has very low Inter Bank Spreads and has all types of Trading accounts for the Forex Traders. I love doing my trading with FXOpen.
Heno says
My review of FXOpen
Prices can be from respectful and honest companies that can be traded with a low spreads. For example, you find that the spread for the pair of the US dollar against the Japanese yen is 14 points.
I had the experience of trading on risky days, especially on Christmas holidays in December and January, and it is known that many traders do not prefer trading at this time of the year due to the high risk and market fluctuations in these two months.
Sabor says
Is FXOpen good or bad?
There’s been talk a lot about the credibility of that company see you my personal experience with them to know that.
First of all, in terms of credibility.
So far, I haven’t seen anything wrong with that company, so trading with them hasn’t had any problems, and I’ll give some examples of that.
As for the market movement, I’ve been watching the market movement, the Japanese candlestick movement, the pairs movement, comparing it to some other big companies, and I’ve never found any difference.
The movement of Japanese candles can vary in the timing of their closing and opening on different time frames but the price movement is fixed in such timing as other companies and this in terms of market and price movement
As far as the spread is concerned, I’ve found the spread on different pairs is very small, which is a good thing for this company.
Once Upon a time that company did not have a good reputation and had many problems have solved those problems now and no longer exist, the company improved their policy and changed it and one of those problems is the lot was very large but now it is very small to suit all traders
Among other problems that were present the company is trading large amounts and I think that problem is also solved now.
The company has its own platform now other than MetaTrader 4 and MetaTrader 5, which means that the company has three trading platforms
This is unlike the company’s endeavors to bring new customers through the bonus, which is 10 US dollars for registration and began trading as it tries to maintain its current customers by making periodic contests almost one of the most famous of these competitions is the forex Cup competition, which reaches a total of 2000 US dollars, which are various competitions throughout the Year winners
However, the company is flawed by one thing, which is the bonus system, there are a lot of problems with it, for example, the company determined by the competition announcement about the forex cup competition, which is the publication of the announcement of the competition in other forums and in exchange for each publication a certain amount of cents and after I made those and I might say I’m less at a loss than other members, even if I saw a complaint from one of the members, he was supposed to be sent 200$, and I’m only sending him 50$, and that complaint is in the forum so far.
The disadvantages are also the lack of credibility in sending the bonus they reduced the value of the bonus and reduced competitions and also do not send the bonus where it became not enough for the member to pay the value of the internet package consumed in the work of posts and topics of the company and we hope the management in looking at this and
Other than multiple platforms, there are also many accounts such as STP and ECN and many withdrawal and deposit methods, both direct and indirect
And other people are good at dealing with trading and did not happen to me any problems with trading or withdrawals filing to the Warren’s of good companies that will developing a in the next period is what the company is trying to do now of the improvements and interest of the company
One of the most important features of the company
Account count and low spread easy withdrawal and deposit
One of the most important disadvantages of the company
Weak technical support and problems of the Arab section and bonus
Makien says
My Trade with FXOpen
I’ve dealt with them over the past year and gained significant experience in the trading of their way and I see it’s from a reputable company that respects the customer and maintains he has them
One of the most important features of this company is trading options and the diversity of accounts and contracts they have STP accounts and ECN accounts and they have many currency pairs that can be traded on them major currency pairs and secondary currency pairs also can through them also trading digital currencies and they work throughout the week i.e. you can trade digital currencies at any
As for their spread is very little either on the account of STP or ECN and for the account of ECN is almost no spread is in some currency pairs does not exceed four points and sometimes a point or two points and for the account of STP the spread starts from 10 points and even 24 points such as trading on the Japanese yen / US dollar the company’s all on their own.
Features
The company is characterized by low spread, easy trading and the availability of several platforms that can be traded on such as MetaTrader 4 and MetaTrader 5 and they also have their own platform
Easy withdrawal and deposit and many methods of withdrawal and deposit, we mention the former escrill bank, WebMoney and benefit money, there is also the company’s own document and also the withdrawal by credit card or bank transfer, all of which is considered one of the means of withdrawal and deposit with the company
Disadvantages
Mention some of the enemies that the company is not good at dealing large amounts of this I didn’t see or notice it during the deliberative with them because trading with them no more than $ 200 and did not find any problems until now.
Their technical support service is very weak and they can rarely solve the problem because they do not have all the powers to solve the problems
The technical support service in Arabic is almost non-existent at work for only one hour and on Friday only
The bonus for the Arab section is not enough for the effort and fatigue of members to participate in competitions and write topics, etc.
There is always a manipulation of the terms of the competitions after they are over so that the members do not get their bonus
One of the worst flaws in the company is the insufficient bonus system and also it is manipulated and not sent completely to the members so the members began to work for other companies and forums
Heno says
My review of FXOpen
My evaluation of this company after about two years of trading with them, and I will speak with all impartiality about the most important advantages of this company and the most important shortcomings
Prices can be from respectful and honest companies that can be traded with a low spreads. For example, you find that the spread for the pair of the US dollar against the Japanese yen is 14 points. That, and sometimes it is lower, the market is an active stock and you find the spread for the US dollar against the Canadian dollar is 16 points. Only and also the euro against the US dollar, the spread is only 13 points. As for gold against the US dollar, the spread is 20 points, and sometimes more than that.
I had the experience of trading on risky days, especially on Christmas holidays in December and January, and it is known that many traders do not prefer trading at this time of the year due to the high risk and market fluctuations in these two months.
Over the past two years, I have been trading at this time, especially after December 25, and no fluctuations occurred in the market and I won from this trading. All there is, the market movement was only slow, but no fluctuations occurred and I won from trading and this is what I remember well because I was very worried that I trade at this time
Among the features of the company
We have said the low spread, and the most important thing is not to be afraid of trading on holidays and fluctuations. One of the additional advantages of the company is that it carries out periodic contests between traders and various contests to obtain an additional bonus for trading with it and always encourages traders to trade and does not skimp on them with information as there are forums for the company with all Languages have a multitude of information and members ’experiences in trading. It is also noticeable that the company’s activity in previous years has made remarkable progress and has worked to correct past mistakes and has improved a lot. Now the company also gives a free registration bonus as an encouragement to new traders and always comes with offers and discounts for traders to encourage them to continue trading
Company flaws
Among the most serious defects of the company that I notice is technical support, there is technical support and is quick to respond, but I do not find that it has all the powers to solve the problems of members and traders, so it often does not solve problems or takes more time to solve them
Also, I heard that the company is not good at trading on large amounts, and this frankly, I did not try it because I usually trade on small amounts, which are less than $ 250, and I did not find any problems with the company in trading from withdrawal, deposit and trading, so the evaluation in this regard is very good
One of the biggest defects of the company is the Arab section, so it is known that Arabs are those who love to gamble and trade through forex, and that company is not good at winning the Arab customer to it, and this is for several reasons, the most important of which is Arab technical support, which is one of the biggest flaws of the company, as there is almost no technical support for the Arab department, so the presence of Arab technical support Almost every week for an hour only and it does not solve any problems, and this is what I already tried, so I had a problem and an inquiry, and I waited a week for a response and when the response arrived a week later, I made another inquiry at the same time and I did not receive an answer to it
Among the disadvantages of the Arab section is the bonus, as the administration does not pay any attention to the bonus for the Arab section, and there is always tampering and changing conditions for not sending the bonus for members, and this also has a great impact on the company’s inability to attract the Arab customer
I see the solution to this problem, which is the presence of strong Arab support all the time and the company’s credibility in sending the members’ bonus for the Arab section without manipulation so that the members can make the required advertising for the company with credibility. If the company is not honest with its members in the Arab section, and the bonus is sent to them on time and without any change of conditions and complications Things are so that the members do not get the bonus, and this is in addition to the reduction of the bonus that happened .. How can a company win the Arab client if it cannot maintain the Arab members?
Markus Ivanov says
I am a Professional Forex trader i am always looking for Reliable Forex Brokers who have Inter-bank market access and ECN facility.
FXOpen provides me Real time prices and i am trading with them for 5 years now.
So i can say that they are a very Reliable ECN Forex brokers.
Viclen says
When 8 years ago I started trading on Forex, I was looking for a broker that conducts demo contests – I wanted to learn how to trade without risking my deposit, and I wanted to get an initial deposit without investing my own funds. I found FXOpen – this broker runs many contests for beginner traders. On the one hand, the broker is interested in training its new clients, and on the other hand, it helps them to become professional traders and gives real prizes – they can be used for trading or simply withdrawn as a profit. Over the years, I have repeatedly won prizes in various contests from FXOpen and have used these prizes both for trading and for withdrawing. Real prizes in contests are a feature of the company, because now it is quite rare to find a contest with withdrawable prizes. The company also has its own forum where contests are held. Now there is a very popular weekly contest from FXOpen “Competition from 10 TO 100”. I opened a real STP account for only $ 10, traded on it and not only withdrew my profit for trading, but periodically got into the winners and received additional real money in this contest. At the same time, the company provides very good trading conditions on a real account, so that I can even trade XAUUSD gold, having a small deposit – a leverage of 1: 500 and a low spread. I am very happy with my broker, because the withdrawal of profits is always quick and hassle-free. The company has professional technical support.
Neha says
If you prefer to do trading with Ultra Low Spreads you will find FXOpen offer you better trading conditions and market liquidity.
This i am saying after having tested almost 9 Forex Brokers and i found that FXOpen was the best among.
I would give them 5 stars and more just because of their best trading environment.
ilearn2t says
Speaking from experience, and having terminated my employment with this company because of the scams they use against their clients, I wouldn’t wish others to fall into the same trap as others have done in the past.
Their ForexCup “contests” atre designed as a trap to scam clients in the future.
Bosun says
Don`t confuse promotions for scams.The fact that you left the company does not mean you should castigate them.I have been using them for about 3 years now without problems.
winuga says
i still trading in this broker occasionally, they are a good broker comes with so many generous bonuses offered, they offering 25% deposit bonus for mini account, trading with low spread on popular major currencies as low as 2 pips, i never experienced problems trading with them, their customer support supporting my country language so i can easily communcite with them, so far so good, no requotes found because i use fixed spread which is as low as 2 pips satisfy my trades activity… good broker with fast withdrawal process
naninov says
fxopen is one of the popular forex broker in indonesia, they have many generous bonus for its clients, the spread is more lower now about 2pips spread in major currency, after trade for 10lot surprisingly my account added by bonus $100 and it is withdrawable… good and fast withdrawal process with many choice of payment method, they are good and honest broker
Ashish says
Best for contests. They have some massive amount of money to be paid for the contest. Also there are lots of variety in their contests catalog which really can attract any trader to participate.
But what very frustrating about them is there verification process. they will give you a headache if you don’t have an accurate, up to date documents to apply for the verification. My won verification took more than a month, which was too annoying.