Broker review

FXOpen Broker Review

FXOpen is an experienced broker with the advantages of ECN accounts, swap-free, various trading contests, and liquidity transparency. This broker is also one of the pioneers in crypto CFD trading.

Updated January 1, 1990 Written by adminprog Viewed 230 kali

Initially, FXOpen was founded as an educational center for technical analysis of financial markets in 2003. Its futures brokerage service was only launched in 2005 but immediately became a preferred choice for traders because it offers forex and CFD trading services with low capital, transparent trading conditions, and superior customer support.

FXOpen is under the umbrella of the company FXOpen Markets Limited. This broker has been registered in Nevis with license number C 42235. Apart from that, FXOpen also has licenses from several other regulators.

The most interesting thing about FXOpen is the ECN account it offers. Traders who have ECN accounts will get price quotes directly from liquidity providers. Because of this facility, the FXOpen ECN account is a favorite among traders.

Thanks to its achievements, FXOpen has succeeded in winning various global awards. This broker has received a good response because it offers a trading platform system that is different from brokers that were popular in the early 2005 era. At that time, FXOpen appeared with the MetaTrader platform, as well as various free bonus and education programs which were very effective in attracting the attention of retail traders.

In 2006, FXOpen was the first broker to offer micro accounts and swap-free accounts. After that, he continued to pioneer a number of new and high-tech services, including the first Crypto account that could facilitate trading on 24 Cryptocurrency pairs, including Bitcoin, Litecoin, and Ethereum.

Lihat Juga
News : FXOpen UK Records Increase and Shrinks Losses in 2024

 

Broker name FXOpen
Broker type STP/ECN
Website Click here for the official site of FXOpen
Company FXOpen Markets Limited
Founded In 2005
Regulators FXOpen Markets Limited is registered in Nevis (No. C 42235), FXOpen UK is regulated by the UK FCA (No. 579202), FXOpen AU Pty Ltd is regulated by Australia's ASIC (AFSL 412871-ABN 61 143 678 719)
Customer service email, telephone, and live chat on the FXOpen website
Website language English, Portuguese, Spanish, Mandarin, Arabic, French, German, Malay, Bahasa Indonesia, etc.
Deposits and withdrawals Bank Wire, Credit Card, E-Payment (Webmoney, Neteller, Skrill, Perfect Money, Fasapay), and Cryptocurrency (Bitcoin, Namecoin, Litecoin, Ethereum, Tether).
Expert analysis ✔️
Partnership program ✔️
Trading platforms MT4 and MT5 for PC, Web, and Mobile.
Trading instruments Accommodates 50 currency pairs, Gold and Silver
Spreads Floating Spread starts from 0 pips
Minimum initial deposit USD1 (Micro account), USD10 (STP and Crypto accounts), or USD100 (ECN account)
Account currency USD
Leverage Up to 1:3 (Crypto accounts), or up to 1:500 (Micro, STP, ECN)
Minimum lots 0.01 (micro lot)
Account types Micro, STP, ECN and Crypto
Swap-free account Available for Micro, STP, and ECN accounts.
Hedging ✔️
Scalping ✔️
Expert Advisors ✔️

 

 

FXOpen Benefits

  • ForexCup Trading Contests
    FXOpen offers weekly and monthly trading contests on demo accounts via the ForexCup.com website. Traders can join free competitions to hone their trading skills. For traders who want a bigger challenge, trading contests are also available on Real accounts.

  • Cashback Program
    Traders can get the benefits of the FXOpen Cashback Program for the first 90 days after registering as a new client. For existing clients, this program is available for 90 days from joining. The minimum cashback is USD 5 and the maximum value is USD 1,000. To get FXOpen Cashback, you only need to register using the following link.

  • Free VPS
    Free VPS is available for ECN, STP, and Crypto account holders. Traders can use FXOpen VPS for free for 1 month if they maintain an equity of USD5,000 at the end of the month or a trading volume of USD 10,000,000 (per calendar month). The advantages of FXOpen Forex VPS are accessibility, flexibility, and excellent speed.
Lihat Juga
Testimonials : I really like their platform, it's really easy to understand...

 

FXOpen Advantages

  • ECN account from FXOpen broker Gets Direct Price Quotes From Featured Companies
    Traders who join an ECN account from FXOpen will get direct price quotes from superior liquidity providers. These include Dresdner, SG Paris, Standard Chartered, Barclays Capital, Bank of America, CRNX, JP Morgan, Morgan Stanley, Deutsche Bank AG, RBS, CITI, and UBS. This is one of the reasons why FXOpen's ECN account is among traders' favorites.

  • Mirror Trading Facility
    Traders at the FXOpen broker can carry out Mirror Trading by connecting their account directly to the Myfxbook AutoTrade network, or carry out Copy Trading via ZuluTrade. These two services allow anyone to copy the transactions of more experienced traders, making it possible to replicate their trading results.

  • Deposit Withdrawal activities are relatively smooth without major complaints.
    Based on experience and information after more than 10 years of operation by FXOpen, there have been no major complaints regarding payments (deposits or withdrawals). However, there are minor complaints such as slow servers, requotes, lag, and the like.

  • Registration at FXOpen is Easy.
    The registration system at FXOpen is easy. Namely, simply fill out the form in the Register menu on the FXOpen website. However, as usual, you will be asked to verify documents first if you are going to make a deposit payment or withdraw funds.
Lihat Juga
Article : FXOpen Account Opening Guide
  • FXOpen is a broker that originates from an educational center, so the features offered really meet traders' needs. For traders who want to experience trading on an ECN account, FXOpen provides it with a minimum deposit of only 100 USD. Liquidity providers in FXOpen ECN accounts are elite banks such as JP Morgan, Deutsche Bank AG, Barclays, and the like, making this more than 10-year-old broker a reference for traders.

  • In terms of customer service, FXOpen has a Customer Service team that is very responsive and alert in answering client questions. The promotions provided are not too excessive, including cashback and free VPS for traders who meet the minimum balance value. This multi-regulated broker is also a pioneer in terms of micro and Swap-Free accounts, making it very suitable for traders who want to trade according to Sharia.

  • The deposit and withdrawal process at FXOpen is relatively standard, but you need to pay attention to complaints about slow trading execution and requotes. It is recommended to try a demo account first and pay attention to the trading execution speed.

News FXOpen

view all

Article FXOpen

view all

Testimonials FXOpen

view all

Forum FXOpen

view all
Comments 63
Showing Last 10 Comment |
W

Winterdown

I want to ask, I have registered, but not verified yet, and I'm confused about what data to provide. How about the Proof of address account?
9 Tahun lalu
M

Mina

Proof of Address usually comes in the form of bank statements or bills addressed to your residence, typically electricity/water/gas bills. For more detailed instructions, you can refer to the Account Verification section in the FXOpen Trading Account Opening Guide.
9 Tahun lalu
D

Diyana

I recommend trading at FXOpen because this broker's offers are much more attractive than local brokers. The minimum deposit is only USD 10, the spread is below 1 pip, and the leverage is more than 1:100, it's really great for forex trading. You don't need a large capital to start enjoying profits trading at FXOpen.
9 Tahun lalu
AS

Adit S.

Most excited to trade at FXopen, whether it's scalping, swing trading, or using EA, free, without limits. Not to mention the spreads and leverage, really great. Local brokers still can't compete with foreign brokers that dare to offer more enticing deals.
8 Tahun lalu
K

Kasniran

Of course, bro, local brokers usually still have commissions/lot every time you open a position, not to mention the spreads are also wide. If you look at foreign brokers, they are usually better, but we also need to be careful in choosing foreign brokers that are not regulated by Bappebti. In my opinion, FXopen so far is still fine, it's really good for beginner and veteran traders looking for super low trading costs.
8 Tahun lalu
AS

Agus Suhendra

Is a deposit above 10K USD in an ECN account recommended?
8 Tahun lalu
S

Suherman

I want to ask those who have experience with FX Open, is it true that Indonesian traders cannot get a no deposit bonus for STP accounts?
8 Tahun lalu
F

fajri

FX Open, where is its headquarters?

thx

8 Tahun lalu
MS

Mas Sinar

The registered FXOpen office is in Charlestown, Nevis.

8 Tahun lalu
F

fajri

Dear.



I want to ask about IB FX Open in Indonesia, how to contact them?



I just want to ask a few questions first.



thx

7 Tahun lalu
FI

FXOpen Indonesia

Dear Mr. Fajri

Please send a message directly to the Facebook page FXOpen Indonesia

Best Regards

FXOpen Indonesia

7 Tahun lalu
H

hermannfx

Highly recommended. Just at fxopen my robot works exactly the same as in the demo, both in timing and price points, so I can profit from my account.
I tested STP with a balance of $40 in 2 months and it became $113, and the WD took only 2 hours to land in Fasapay. Meanwhile, the capital with the robot on Insta got stuck in floating and only increased to $76. This means FXOPEN does not limit the robot's movements at all, while others requote.

I want to open and add to the ECN account, what is the difference with STP?
6 Tahun lalu
CO

Catur Oktovian

Hello Mr. Hermannfx,
According to the information on the official FXOpen website, the minimum deposit for an ECN account is 100 USD, with floating spreads starting from 0 pips, and a commission of 1.5 USD per standard lot. Meanwhile, the minimum deposit for an STP account is 10 USD, with floating spreads depending on the available buy/sell orders, and no commission. If you have any questions, it's best to go directly to the testimonial page so that it can be answered by a representative from FXOpen.
6 Tahun lalu
W

Whaza

A good broker, the withdrawal process is very fast.
6 Tahun lalu
HH

Hamdan Hamzah

so far so good
10 Tahun lalu
A

Ardi

broker fxopen, as far as I know, if we say it's okay, it's actually not much different from other brokers, but when it comes to spreads, it can be said to be great, especially for scalping. recommended
9 Tahun lalu
FB

Frido Bonthong

Why is the local WD so difficult?
10 Tahun lalu
R

Rama

how is the local WD? can you provide more details? if the local bank is not supported by FXopen, it will definitely be difficult to withdraw. if you want a quicker response, try submitting a complaint ticket to FXopen's customer service.
10 Tahun lalu
NR

Nugroho Rahmat

A broker that is very suitable for large-scale investments, really great!
10 Tahun lalu
SJ

Si John

how to make a big investment, sir? usually, how much do you deposit at FXOpen? and from that deposit, how much profit can you make?
10 Tahun lalu
FI

firman isman

if you invest big, you should choose to list in the ECN account. right, sir?? Other FXopen accounts like STP and Micro still support small investments, but maybe the execution isn't as good as ECN, right?
10 Tahun lalu
B

Bobby

Oh, FXOpen also provides cryptocurrency trading, right? Do we trade in a format like forex in general or CFD? Because I'm interested in learning about cryptocurrency, usually the movements are quite volatile so you can make a lot of profit. That's what my friend said.
10 Tahun lalu
B

benx

like forex. not cfd. the value is compared to USD, EUR, or RUB, so for example when trading Bitcoin.. you can choose the pair USDBTC, EURBTC, or RUBBTC. this can be seen directly in the fxopen contract specifications..
10 Tahun lalu
J

Johan

ngutip, "Seeing the features and trading alternatives offered, FXOpen is quite interesting to try and study for those interested in autotrading."
What does trading mean? What is its relation to autotrading?
10 Tahun lalu
S

Sf

I apologize, there was a typo in the review above. What I meant to say is "trading features." Why are FXOpen's trading features worth trying for autotrading enthusiasts? This is related to access to the autotrade platforms Myfxbook and ZuluTrade that are available at FXOpen.
10 Tahun lalu
R

Rubah

In FX, the ECN account is relatively cheap with a commission of 1.5 units of base currency/lot.  Recommended for scalpers or robo traders. You can give it a try.
10 Tahun lalu
S

Stan

if the commission is indeed cheap, but after I examined it, the spread uses "raw spread", now the question is, is the floating raw spread of ECN fxOpen really fair and in line with the interbank market spread?
10 Tahun lalu
H

Hasdeo

What is the maximum leverage for an ECN account at fxOpen? I usually look for leverage above 1:200, so I can swing trade for more than 1 week.
10 Tahun lalu
R

Rahardika

oh don't worry boss, FXopen's ECN account can leverage up to 1:500, you can open positions from 0.01 lots to unlimited, it's really satisfying, go ahead and try it.
10 Tahun lalu
M

Marsidi

What does it mean for a mid-tier broker to recommend a deposit of around USD 5k-10k? How does it impact our trading account? What are the effects if I deposit less than or more than the recommended amount?
10 Tahun lalu
RA

Robby Addya

well, actually the impact is greater on yourself. With a deposit amount smaller than the recommendation, of course, the opportunity to trade cannot be as much as you hope, because the capital endurance is also small.

On the other hand, if the deposit is too large, the trading risk will also increase, because usually traders will become greedy and trade with large lots and almost without loss control. That's the problem. So as much as possible, the deposit amount should be managed with money management.
9 Tahun lalu
S

Sammy

The account types at FXOpen are only standard and micro, there isn't a cent account yet, right? I usually do swing trading with a lot of 0.01, that's why I really need the cent account. Will FXOpen provide a cent account in the future?
9 Tahun lalu
A

Ayu

FXOpen until now has not provided a cent account, but FXOpen offers a Cryptocurrency account with a minimum lot as small as 0.01. The cryptocurrency account is exclusive for trading with e-currency such as BTCUSD.
9 Tahun lalu
F

Fahri

@Sammy:
If the lot is only 0.01, it should be possible on a micro account. Besides that, the trading lot on FXOpen's micro account is not the same as the trading volume range of brokers in general. They use their own standard with microlots, so the minimum trading size can be lower than 1,000 units.

A cent account also provides trading capacity as low as 0.01, but this account is usually sought after because its real value is lower than a regular micro lot.
9 Tahun lalu
T

Tansil

Where is the physical office of FXopen in Indonesia? So I can report or complain if there are any issues.
9 Tahun lalu
T

Tradersanasini

Wow, it seems like there are no branch offices in Indonesia, but there might be IBs available. Just check their website for the IB addresses in Indonesia.

But remember, Sir, IBs do not have full authority over your trading account; they usually act only as marketing agents and customer service.
9 Tahun lalu
L

Lembayung

Is FXopen a dealing desk or non-dd broker? And if it's NDD, where can I find information about the liquidity providers? Honestly, it's okay to say, because I've been trading with various brokers back and forth.
9 Tahun lalu
R

Rio

From the information available on the FXopen homepage, they claim that their accounts adopt an ECN/STP system, allowing you to enjoy the best quotes on the bid/ask side, so the spreads are usually relatively small.
9 Tahun lalu
R

Rusdi

oh I just found out that this broker was the first to launch micro accounts. By the way, is the quality of the micro account at FXopen good? I usually trade on micro accounts with other brokers, and sometimes I still feel unsatisfied because I often experience slippage when trading NFP.

Not to mention the spreads, which also often widen when I want to open a position again, it's just not pleasant at all.
9 Tahun lalu
S

Salim

it's relatively good in my opinion, but I would rather just open an STP account, the minimum deposit is only USD 10.

I used to use a micro account with FXopen and never experienced requote, but the problem is I'm not satisfied with the spread. The spread is smaller in STP or ECN accounts.
9 Tahun lalu
H

Hisan

I want to open an ECN account at FXopen, sir. How much recommended capital do you think I need to be able to profit? I mean not the minimum deposit, but the amount of capital so I can hold positions until I make a profit in the ECN account, like that, sir. Thank you.
9 Tahun lalu
S

Sidik

Have you had trading experience, Sir? If you're not yet skilled, it's recommended to deposit first with the minimum deposit in the ECN fxopen account, and also trade using the smallest Lot possible, below 1, Sir.

But if you already have experience, you should know by now how much capital to deposit. Especially if it's to hold positions for a long time, in my opinion, that would require thousands of US dollars.
9 Tahun lalu
MJ

Mardi J.

This is what I like about FXopen broker, their spreads are really competitive, just perfect for scalping or semi day trading. In the EURUSD pair, you can get a spread of only 0.4 pip, you should check it out yourself.
9 Tahun lalu
K

Karya

hmm, that's true, the spread is indeed low, but is the spread from FXopen fixed or floating? If it's floating, how much can it widen during a news release?
9 Tahun lalu
W

Wulan

What exclusive trading tools does FXOpen have? For example, something like social/copy trading but can be automated.
9 Tahun lalu
MT

Marisa T.

trading tool or trading account? FYI, fxopen is one of the pioneers of micro trading accounts and multi cryptocurrency accounts, while copy-trading and the like are already common.

the good thing about trading at FXopen is that FXopen offers STP no requote account types with super low spreads.
9 Tahun lalu
W

Wayudi

To fellow Traders who have used this broker, please guide me on how to deposit using a local bank. Once again, I kindly ask for your assistance in explaining the process flow. Thank you to all traders here.
9 Tahun lalu
R

Rio

For deposits, currently FXopen still cannot accept funds via local banks.

So as an alternative, you can make deposits using wire transfer, e-payment, and credit card. For the guide, please click this link
9 Tahun lalu
R

Roy

It turns out that many Indonesian traders choose to trade at FXopen. I just found out after meeting with a trading community, and indeed many of them are experienced traders at this broker.

They choose to trade at FXopen because of price transparency (fair price, no requote) and tight spreads on major pairs. Plus, the account types are also complete, from micro to ECN.
9 Tahun lalu
SF

Surya FKT

There are indeed many traders from FXopen in Indonesia, if you want we can exchange contacts, like WA or something. Trading at FXopen is really nice. For those who want to try creating a real account, you can use the welcome bonus or no-deposit bonus, so we are given trading capital.

If you find it suitable, feel free to deposit more.
9 Tahun lalu
JT

Jakers Trading

Bro, which account type on FXopen gives the most profit? Is it better to trade manually or use a trading robot?
9 Tahun lalu
WB

wisnu B.

In my opinion, many traders open a micro account with FXOpen to trade in gold pairs, Sir, if the trading skills are good, they can make a lot of profit, especially if they are good at scalping during NFP, the profits are great.

As for me, I prefer to trade manually first, using trading robots can be a bit complicated if you're not used to it, and if you choose the wrong robot, it could lead to a big drawdown, that's dangerous, Sir.
9 Tahun lalu
RR

Raden Rahmat S.

Min, I usually trade CFD stocks, but after I checked on the FXopen website, I only found indices and gold, silver, etc. There's no CFD stock like FAANG, is it really not available?
9 Tahun lalu
R

Rio

for the time being, the variety of CFD trading assets at FXOpen is still limited to:
  • indices such as UK 100, Germany 30, US SPX 500, etc.
  • energies such as UK brent, US crude, US natural gas
  • metal: gold and silver
9 Tahun lalu
AM

Ardi M. S.

try CFD trading indices SPX 500, I usually open CFD positions in SPX500 to hedge positions when playing forex too. From my experience, when the US dollar rises, SPX 500 usually falls, and when the dollar falls, SPX usually rises.

So if you are buying dollars, for example, going long on USDJPY, just set a short position in SPX500 for hedging. If you lose on USDJPY, you can still cover the gain in CFD SPX500, that's how it is.
9 Tahun lalu
HK

H. Kasdar

I heard that I can get my trading done by a broker at FXopen, is that true? How does that work? I mean, I just deposit the capital and then I just receive the profit from the trading account that is managed, right? If that's possible, that would be great!
9 Tahun lalu
NG

Nastar Ganih

Oh, that means the PAMM account from fxopen, sir, so your account will be managed by expert traders. With a PAMM account, we can enjoy passive income from the profits generated each month. For more information, you can click here.
9 Tahun lalu
S

Syaimuddin

Trading forex at FXopen is great, bro, you can make decent profits from a capital of under USD 100. The trading conditions are top-notch, with super low spreads and the highest liquidity. Give it a try.
9 Tahun lalu
KF

Kaela F.

I stopped by here because I'm interested in the PAMM account offer from fxopen. What is the minimum capital and the recommendations? Also, what is the average return per month in percentage? Where can I check the contract terms? I want to invest and find a PAMM trader, hopefully this time it will be successful at FXopen.
9 Tahun lalu
R

Rio

As additional information, FXopen offers three types of PAMM accounts, namely ECN PAMM account, Crypto PAMM, and STP PAMM. For each account, the minimum capital to participate in PAMM depends on the offer from each master.


Average returns also vary, ranging from hundreds to thousands of percent.
9 Tahun lalu
W

Waksini

There are many broker options here, I'm confused about where to trade. I want to practice scalping first on a micro account or something like that, if the results are good I want to add more capital. Is fxopen the right choice?
9 Tahun lalu
R

Rio

FXopen offers a variety of account types to accommodate all kinds of trading strategies and trader needs. For scalping, FXopen provides accounts with very competitive spreads, with spreads as low as 0.3 pips on major pairs and no additional commission fees.
9 Tahun lalu
M

Mainkiri

the ECN FXopen trading account is really great, the floating spread starts from 0 pips and the commission is only USD 1.5/lot. The minimum deposit can start from just USD 100. Plus, you can trade using any robot and scalping strategy, it's free. Wow, this is the right choice for traders who often use scalping robots, definitely worth a try.
9 Tahun lalu
W

Winterdown

I want to ask, I have registered, but not verified yet, and I'm confused about what data to provide. How about the Proof of address account?
9 Tahun lalu
M

Mina

Proof of Address usually comes in the form of bank statements or bills addressed to your residence, typically electricity/water/gas bills. For more detailed instructions, you can refer to the Account Verification section in the FXOpen Trading Account Opening Guide.
9 Tahun lalu
D

Diyana

I recommend trading at FXOpen because this broker's offers are much more attractive than local brokers. The minimum deposit is only USD 10, the spread is below 1 pip, and the leverage is more than 1:100, it's really great for forex trading. You don't need a large capital to start enjoying profits trading at FXOpen.
9 Tahun lalu
AS

Adit S.

Most excited to trade at FXopen, whether it's scalping, swing trading, or using EA, free, without limits. Not to mention the spreads and leverage, really great. Local brokers still can't compete with foreign brokers that dare to offer more enticing deals.
8 Tahun lalu
K

Kasniran

Of course, bro, local brokers usually still have commissions/lot every time you open a position, not to mention the spreads are also wide. If you look at foreign brokers, they are usually better, but we also need to be careful in choosing foreign brokers that are not regulated by Bappebti. In my opinion, FXopen so far is still fine, it's really good for beginner and veteran traders looking for super low trading costs.
8 Tahun lalu
AS

Agus Suhendra

Is a deposit above 10K USD in an ECN account recommended?
8 Tahun lalu
S

Suherman

I want to ask those who have experience with FX Open, is it true that Indonesian traders cannot get a no deposit bonus for STP accounts?
8 Tahun lalu
F

fajri

FX Open, where is its headquarters?

thx

8 Tahun lalu
MS

Mas Sinar

The registered FXOpen office is in Charlestown, Nevis.

8 Tahun lalu
F

fajri

Dear.



I want to ask about IB FX Open in Indonesia, how to contact them?



I just want to ask a few questions first.



thx

7 Tahun lalu
FI

FXOpen Indonesia

Dear Mr. Fajri

Please send a message directly to the Facebook page FXOpen Indonesia

Best Regards

FXOpen Indonesia

7 Tahun lalu
H

hermannfx

Highly recommended. Just at fxopen my robot works exactly the same as in the demo, both in timing and price points, so I can profit from my account.
I tested STP with a balance of $40 in 2 months and it became $113, and the WD took only 2 hours to land in Fasapay. Meanwhile, the capital with the robot on Insta got stuck in floating and only increased to $76. This means FXOPEN does not limit the robot's movements at all, while others requote.

I want to open and add to the ECN account, what is the difference with STP?
6 Tahun lalu
CO

Catur Oktovian

Hello Mr. Hermannfx,
According to the information on the official FXOpen website, the minimum deposit for an ECN account is 100 USD, with floating spreads starting from 0 pips, and a commission of 1.5 USD per standard lot. Meanwhile, the minimum deposit for an STP account is 10 USD, with floating spreads depending on the available buy/sell orders, and no commission. If you have any questions, it's best to go directly to the testimonial page so that it can be answered by a representative from FXOpen.
6 Tahun lalu
W

Whaza

A good broker, the withdrawal process is very fast.
6 Tahun lalu

You will reply to this comment:

-