FXOpen Review

Minimum Deposit: $10 VISIT BROKER
60% of retail investor accounts lose money when trading CFDs with this provider.

FXOpen Review


FXOpen is an online forex broker that offers to trade on the MetaTrader 4, MetaTrader 5 and TickTrader platforms for retail and institutional clients. It allows traders to trade currency pairs, precious metals, CFDs and cryptocurrency pairs over the Internet. FXOpen has offices in Australia, Saint Kitts and Nevis and the UK. The organisation initiates as an instructional resource for technical analysis and financial markets. The brokerage services were introduced in 2005 as a natural step to address the growing demand for fair and transparent trading conditions and excellent customer service. You can expect regular support, excellent business conditions, and an operator-friendly approach with FX Open. Forex Open is regulated under ASIC and FCA. The instruments they deal in comprise Forex, Stocks, Shares, Commodities, Cryptocurrency Indices, Metals, Energies and CFDs. You can trade Forex, indices, shares, commodities and cryptocurrencies with competitive spreads from 0.0 pips. Besides this, you can enjoy low commissions with FXOpen being your true ECN broker. They keep their traders up to date with amazing resources of Economic Calendar, Market News, Market Analysis, Forex Forum and compact information about trading and financial investing.

8.3Expert Score
FXOpen Rating

Trade with a true ECN broker that is regulated and trusted by traders worldwide. Get access to tight spreads from 0.0 pips, very low commission fees and rapid trade execution speeds.

Investment Products
Commissions and Fees
Platforms and Tools
Research and Education
Deposit and Withdrawal

FXOpen Review

Pros and Cons

FX Open is one of the best trading platforms for beginners. It has a very low minimum deposit amount of only $1. They are equipped with innovative technology with good analysis tools and excellent support. FX Open services are available on various powerful trading platforms including MT4, MT5 and Ticktrader. They offer a wide range of accounts. To keep up with their peers, they are also working on crypto accounts. On the other hand, educational structures like webinars and training videos are available to help traders.

  • FXOpen is a regulated broker
  • Good Technology and Platform Selection
  • The minimum deposit is very low at only $1
  • Good market analysis tools
  • Excellent Support
  • MT4, MT5, & Ticktrader platforms
  • Decent Cryptocurrency offering
  • True ECN Model
  • Various account types
  • A wide selection of fast and reliable payment options
  • Deep liquidity with spreads from 0.0 pips
  • The latest economic news, professional market analysis and a Forex calendar
  • Very low commissions
  • Limited educational resources
  • Inactivity fees
  • Cannot accept USA investors

FXOpen Review

Investment Products

Forex Open has been prudently working since 2005 in the financial market. They have a wide range of products. They deal in Forex, stocks, indices, commodities and cryptos. Besides this, they are promotes trading in CFDs, Shares, Metals and Energies. Clients can invest in different financial products to diversify their portfolio if they wish. The single platform can aid them in achieving their financial goals.

FXOpen Instruments Summary

FXOpen Instruments

FXOpen Review

Commission and Fees

Commission and Spread Fees

FX Open has a very nominal commission and spreads over ECN and STP accounts. On ECN accounts, the commissions are a minimum of $1, while the commissions are not applied in STP accounts. Spreads start from 0.0 pips, depending on your chosen account type.

Fee Micro STP Account ECN Account Crypto
Commission (per standard lot per side)$0$0$1.50.5%
Spreads from2.0 pip0.50.0Variable
FXOpen Fees

Deposit and Withdrawal Fees

FX Open makes it easy for you to fund your account and withdraw it when needed. It has various ways to fund and withdraw your account. The deposit and withdrawal fees change from time to time. However, they offer market competitive deposit and withdrawal fees for their customers. Besides this, they also make sure to make the process swift.

Inactivity Fees

After 90 consecutive days of non-use (no trades or open positions, no deposits, transfers, or withdrawals), FXOpen charges a monthly inactivity fee of 10 USD. An inactivity fee will reduce the value of the customer’s trading account. Traders can request that FXOpen reactivate a dormant account. A one-time cost of $50 is charged for reactivation.

FXOpen Review

Platforms and Tools

MetaTrader 4

MetaTrader 4 has been the most common Forex trading platform since 2005 and has won numerous awards every year. Data suggests that most Forex firms use MetaTrader 4 which accounts for a large majority of all retail Forex transactions. FXOpen was one of the first broker to use the MetaTrader 4 interface to provide direct access to interbank liquidity and ECN trading to their clients in 2009. The liquidity aggregator technology developed by FXOpen has improved and enhanced the core functions of MT4.

FX Open offers trading terminals for iOS and Android. The mobile versions of the trading terminal offer the same basic features as the desktop version of MT4.

FXOpen MT4 Platform
FXOpen MT4 Platform

MetaTrader 5

You can opt to choose the enhanced MT5 platform for trading. The MT5 platform features trading flexibility, professional technical analysis, fundamental analysis, trading signal provisions, access to mobile trading, web trading, algorithm trading and virtual hosting compatibility. With MetaTrader 5, you can enjoy:

  • 4 Order execution types
  • Exchange Execution with Depth of Market
  • Stop Limit pending orders
  • No Negative Slippage
  • Netting positions
  • Custom Expert Advisors
  • MQL market
  • Ready-Made expert advisors, indicators and scripts
  • Multi-currency strategy tester
  • Direct Chart Trades
  • Modifiable Take Profit and Stop Loss
  • Mobile apps for iPhone and Android
FXOpen MT5 Platform
FXOpen MT5 Platform


TickTrader is a brand new trading platform that allows users to trade Forex, stocks, commodities, indices and cryptocurrencies from a single account. The new multi-asset trading platform allows for both margin and end-to-end trading. This can be done using the FIX, REST or WebSocket API or directly on the platform. It is easy to learn and use, but it also includes many features that make it suitable for traders, from beginners to professionals.

With Tick Traders, you can enjoy the following privileges:

  • High Compatibility
  • Highly Customisability
  • Versatility in Margin Types
  • One-Click Trading
  • Fast Entry and Execution
  • Advanced Tools
  • Record of Trading Operations
  • Versatility in languages and User Settings Support

You can also use FX Open WebTrader for it is easy to access, compatible with iOS and Android, supports all popular browsers, and have a familiar interface of MT4 desktop.

FXOpen TickTrader
FXOpen TickTrader


FXOpen also provides PAMM (Percentage Allocation Master Module) accounts, which allow clients (followers) to replicate the tactics of other traders (masters). The master trades their own funds using the PAMM, and the PAMM technology allows the trading activity to be reproduced on the followers’ accounts. Funds are assigned to a PAMM and separated such that they cannot be utilised for any other purpose than the PAMM. PAMM accounts help followers since they may profit from another trader’s trading without conducting the analysis and monitoring of positions themselves. However, there can be no guarantee on results and past performance is not an indication of future results. All online investing and trading carry risks that you should be fully aware of.

Trading Tools

On every product, Forex Open offer prudent tools that make your life easier. There is a facility of margin and pip value calculator. Now there is no need to bring out your calculator and do some maths yourselves. The Margin and Pip value calculator is applied to ESN FX Spot, STP, Crypto, Stock and ECN Index CFD.

Currency Conversion Calculator

FXOpen offers a currency conversion calculator for the ease of its global clientele.

One-Click Trading and Level2 Plugin

In volatile forex markets, order placement speed can be critical. FXOpen offers amazing One Click Trading and Level2 Plugins. With five degrees of market depth, available liquidity is always visible for any currency pair.

FXOpen Plugin
FXOpen Plugin

Besides the above, there are the following benefits of one-click trading and Level2 Plugin:

  • Fast order execution
  • Stop Loss or Take Profit
  • Market Depth Level 2 Data
  • Volume-weighted average price (VWAP)

FXOpen Platforms Summary

MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Social Trading
Other (Tick Trader, VPS, FIX API)
FXOpen Platforms

FXOpen Review

Research and Education

FX Open provides a variety of research and educational resources. The resources enable you to dig deep into the anatomy of trading and financial analysis. You became a think tank yourselves. Let’s look at what they are teaching:

Economic Calendars

Forex and stock market economic calendars summarise news and other important publications released during trading sessions. These are key factors in determining the market price in both small and large markets. The Economic News Calendar is one of the first tier tools for real-time analysis if you decide to trade foreign exchange.

Market News

If you are in a financial market, you may want to remain up to date with the news. It is one of the main fundamental analysis tools and can be used to discover what is causing the global financial markets to move.

Forex Market Analysis

In a nutshell, Forex Market analysis as a summary of both fundamental and technical analysis yields a positive impact on a trader. The FX Open keeps you up to date and gives you the analysis on almost every pair they deal in. The micros and macros are covered in such a way to give the trader precise information. It is a good source of learning. Even if you are a beginner and don’t have money to invest, you can learn from this section. After consistent analysis and reading of news, you may become confident enough to trade.

Forex Forum

FX Open have their forex forum to spread knowledge. There are traders from all over the world who shares their strategies. It enhances the sense of education and gives multidimensional perspectives of financial thinking. You can be a part of this forum for learning motive.

FXOpen Research and Education Summary

Market Analysis
Trading Centralx
Economic Calendar
Other (Trading Calculator, Forex Forum, One Cling Trading and Level2 Plugin )
FXOpen Resources

FXOpen Review

Deposit and Withdrawal

FXOpen have a good choice of convenient payment methods to make quick and easy deposits and withdrawal to and from your trading account. They can accept bank transfers, card payments, various e-Wallets and cryptocurrencies. They have one of the largest selections that we have seen from any investing broker.

FXOpen Funding Summary

Payment MethodDepositWithdrawal
Wire Transfer
Credit/debit Card
Electronic Wallets
FXOpen Funding Options

FXOpen Review

Regulation and Safety

Forex Open is regulated with Australian regulated authority Australian Securities and Investments Commission (ASIC) and UK regularity authority Financial Conduct Authority (FCA).

FXOpen Regulation Summary

ASIC (Australia)
IIROC (Canada)x
CySEC (Cyprus)x
SFC (Hong Kong)x
JFSA (Japan)x
MAS (Singapore)x
FINMA (Switzerland)x
FXOpen Regulators

FXOpen Review

Client Support

FXOpen provides excellent customer support 24/5 via live chat, email and phone.

FXOpen Review


FX Open employs a strategy of giving its clients the flexibility they want by requiring a minimum deposit of just $10. FXOpen promises to provide its customers with the best service and support. Its customer service and support are available 24 hours a day, five days a week, and it offers free research and educational tools to help traders make better decisions.

Everything that you find on InvestingBrokers.com is based on information and data that is readily available from each broker that we have reviewed. We combine our 15+ years of industry experience with research, analysis and user feedback. This enables us to give an impartial and reliable broker rating. You can read more about our broker review process here.

FXOpen Review


When was FXOpen founded?

FXOpen was founded in 2003.

Where is FXOpen located?

FX Open is located in Australia, United Kingdom, Saint Kitts and Nevis.

Is FXOpen regulated?

Yes, FX Open is regulated through FCA and ASIC.

What trading instruments does FXOpen offer?

FX Open offers FX, Indices, Oil, Gold and Cryptocurrency CFDs through the highly customisable MT4 or MT5 trading platforms.

What is FXOpen’s minimum deposit?

The minimum deposit is $10 only.

What investing platforms does FXOpen offer?

FX Open offers MT4, MT5, Web and its mobile app for trading.

What is FXOpen’s commission fee?

FX Open’s commission fees start from 0.5%.

Does FXOpen charge an inactivity fee?

Yes, FXOpen charge inactivity fees of 10$.

What are FXOpen’s spreads?

FX Open offers variable and fixed spreads starting from 0.0 pips.

What funding options does FXOpen offer?

FX Open offers a wide range of funding options via Cryptos, bank transfers, debit/credit cards and electronic wallets.

Does FXOpen offer demo trading?

Yes, FX Open Offer demo trading.

Does FXOpen offer Islamic accounts?

Yes, FXOpen offer swap-free Islamic accounts.

How do I contact FXOpen customer support?

You can contact them via phone call or email. They are available 24/5.
FXOpen Review
FXOpen Review
Minimum Deposit: $10
Richard Montana

Richard Montana

Richard has spent many years researching, testing, comparing and reviewing brokers. He has an extensive knowledge when it comes to understanding what to look for in a broker for trading and investing online.