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FXOpen Review 2026

Logo FXOpen
Top Brokers Overview — United States
Visit the site anyway
6.7 /10
Moderate risk
How we tested FXOpen

Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.

Learn more about our methodology and editorial policies.

FXOpen Pros & Cons

  • Regulation by two reputable supervisory authorities and membership in the Financial Commission;
  • Compensation of up to EUR 20,000 (FXOpen EU Ltd) and up to £85,000 (FXOpen Ltd) per client in case of the broker's bankruptcy or failure to fulfill withdrawal obligations;
  • Use of STP (Straight Through Processing) and ECN (Electronic Communication Network) technologies that eliminate dealing center involvement;
  • The opportunity for residents of many countries to start trading on STP accounts with $10;
  • Trading with leverage up to 1:30 or up to 1:500, depending on client status and country.
  • Protection against negative balance for every retail trader.
  • High minimum deposit for traders from the United Kingdom and EU countries, starting from $300 or equivalent;
  • Limited range of educational content for beginners;
  • Micro cent accounts are not available in all countries.

FXOpen has been providing brokerage services since 2005 while offering clients STP and True ECN execution models, liquidity from reputable providers, an enviable variety of accounts, and trading instruments. The broker has global offices regulated by the financial supervisory commissions FCA (United Kingdom) and CySEC (Cyprus). FXOpen provides access to trading with over 700 instruments (Forex and CFDs) with leverage up to 1:30 or up to 1:500, depending on client status and country.

TU Expert Verdict

Anton Kharitonov
Anton Kharitonov
Chief Analytics Officer

FXOpen demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.

FXOpen provides access to trading more than 700 instruments, including 50 Forex currency pairs, stocks, commodity futures, cryptocurrencies, and stock indices, through both ECN and STP accounts. The broker supports leading platforms such as MetaTrader 4, MetaTrader 5, and TradingView, and offers leverage up to 1:30 or up to 1:500, depending on client status and jurisdiction. FXOpen is regulated by Tier-1 authorities: the Financial Conduct Authority in the United Kingdom and CySEC in Cyprus. Minimum deposits start from $1, with a Standard account available from $10, while ECN accounts begin at $100 and include tight spreads with transparent commission structures.

Drawbacks include a high minimum deposit for UK and EU clients at $300, inactivity and deposit fees, micro cent accounts not being universally available, no access to a proprietary platform or cTrader, moderate customer support, and regional restrictions on certain instruments. FXOpen may not be suitable for traders seeking extensive educational resources, instant support, or those who prioritize wide account availability and lowest possible fees, but it remains a reasonable choice for experienced traders valuing regulated execution, low spreads, and platform flexibility.

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FXOpen User Reviews

Score:
The administration of the website shall not be liable for the accuracy of the reviews and does not have the technical ability to check the reviews for accuracy, as well as establish whether the authors of the reviews are indeed the customers of a specific company. To learn more about how the User Satisfaction score is calculated and how we apply the Customer Satisfaction Score (CSAT) methodology, please read the assessment criteria.
7.4 /10
99 total
  • 5-star
    28%
  • 4-star
    28%
  • 3-star
    32%
  • 2-star
    9%
  • 1-star
    2%
Avatar
OlhaD
PRO
1 year ago
UA
Tight spreads

No

I liked the broker for the quality of execution on the ecn account. Fast withdrawal of funds. I use usdt. I trade on an ECN account on the EUR/USD pair. This pair has the tightest spreads

  • Image
Benjamin
PRO
1 year ago
NZ
Low Spreads

More Deposit options needed

Better than others Forex Brokers

FXOpen is better than other Forex brokers around in the terms of the trading experience and low spreads in the ECN accounts. Deposits and withdrawals are hassle-free and I am a Full time trader using them from 2 years.

Thank you FXOpen for being a part in my Success.

mannon
PRO
2 years ago
EG
Offers a wide range of trading

nothing

What I like best about trading with fxopen broker is the wide range of trading tools available to traders. I hope they continue to take this approach

  • Commissions and Fees

    Score:
    We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria
    7 /10

    The trading and non-trading commissions of FXOpen have been analyzed and rated as having Medium fees, with a fees score of 7/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.

    • Low Forex trading fees
    • Tight EUR/USD market spread
    • Inactivity fee applies
    • Deposit fee applies

    Trading Fees and Spread

    Below, we evaluated and compared the trading commissions of FXOpen with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.

    Standard Account Spread

    For Standard accounts, FXOpen’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.

    FXOpen Standard spreads
    FXOpen OANDA FOREX.com
    EUR/USD min, pips 0.5 0.1 0.7
    EUR/USD max, pips 1.2 0.5 1.2
    GPB/USD min, pips 0.6 0.1 0.9
    GPB/USD max, pips 1.4 0.5 1.4

    RAW/ECN Account Commission And Spread

    The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.

    FXOpen RAW/ECN spreads
    FXOpen OANDA FOREX.com
    Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 1.5 3.5 5
    EUR/USD avg spread 0.1 0.15 0.2
    GBP/USD avg spread 0.3 0.2 0.4

    Non-Trading Fees

    We conducted a detailed analysis of the non-trading fees associated with FXOpen. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.

    FXOpen Non-Trading Fees
    FXOpen OANDA FOREX.com
    Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0.5 0 0
    Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0.5-2 0 0
    Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0
    Inactivity fee ($, per month) 10-100 0 15

  • Is FXOpen Safe?

    Score:
    We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria
    9.7 /10
    We checked the FXOpen office

    FXOpen has a safety score of 9.7/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.

    • Tier-1 regulated
    • Negative balance protection
    • Regulated in the UK
    • Track record over 21 years
    • Strict requirements and extensive documentation to open an account
    FXOpen Regulators and Investor Protection
    FCA UKFCA UK Full Name Financial Conduct Authority Country of regulation United Kingdom Investor Protection Fund Up to £85,000 Regulation Level Tier-1
    CySecCySec Full Name Cyprus Securities and Exchange Commission Country of regulation Cyprus Investor Protection Fund Up to €20,000 Regulation Level Tier-1
    The Financial CommissionThe Financial Commission Full Name The Financial Commission Country of regulation International Investor Protection Fund Up to €20,000 Regulation Level Tier-3
    FXOpen Security Factors
    Foundation date 2005
    Negative balance protection
    Yes
    Verification (KYC)
    Yes

  • Account Types

    Score:
    We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.
    7.3 /10

    FXOpen offers the following account options: Demo, Standard, ECN/Raw spread, Cent, Micro, Swap Free, Managed.

    FXOpen covers the core account types, making it convenient for traders with different preferences and strategies.

    • Tight spread ECN account
    • Standard account with balanced trading conditions
    • Demo account
    • No VIP account option
    FXOpen account types vs top competitors
    FXOpen Trading.com Plus500
    Standard
    Yes
    Yes
    Yes
    ECN/Raw spread
    Yes
    No
    No
    Demo
    Yes
    Yes
    Yes
    Cent
    Yes
    No
    No
    Micro
    Yes
    No
    No
    Swap Free
    Yes
    No
    No
    VIP
    No
    No
    No
    Managed
    Yes
    No
    No

    FXOpen accounts trading conditions

    FXOpen offers 2 types of accounts – user and demo. The demo account is an educational account where trading with real money is not available. To start earning real profits, open a trading account.

    Account types:

    Account Type Description
    STP standard MT4 accounts with no trading fee, allowing trading with 50+ currency pairs, gold, and silver. The starting deposit is $10 or equivalent. Leverage is up to 1:30 or up to 1:500 depending on the trader's country;
    ECN accounts with a more diverse range of trading assets. The fee starts from 1.5 units of the base currency per lot, and spreads start from 0.0 pips. The minimum deposit is $100. ECN accounts are available on the MT4, MT5, TradingView, and TickTrader platforms. The available leverage is up to 1:30 or up to 1:500, depending on client status and country;
    Islamic swap-free equivalents of STP, ECN.

    In EU countries, and the UK two types of accounts – STP and ECN – are available. FXOpen adjusts their conditions to meet the requirements of local regulators. Also, all traders from these countries are divided into retail and professional categories. For the latter, the broker provides Pro accounts with higher leverage (up to 1:100 or up to 1:500) and a wider range of assets.

    FXOpen offers STP and ECN accounts, available on different types of platforms, allowing each trader to choose the most suitable trading option.

  • Deposit and Withdrawal

    Score:
    This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology
    6.7 /10

    FXOpen received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.

    FXOpen provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.

    • USDT (Tether) supported
    • Bitcoin (BTC) accepted
    • BTC available as a base account currency
    • Low minimum withdrawal requirement
    • PayPal not supported
    • Deposit fee applies
    • Wise not supported

    What are FXOpen deposit and withdrawal options?

    FXOpen provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Skrill, Neteller, BTC, USDT.

    FXOpen Deposit and Withdrawal Methods vs Competitors
    FXOpen Trading.com Plus500
    Bank Wire
    No
    Yes
    Yes
    Bank card
    Yes
    Yes
    Yes
    PayPal
    No
    No
    Yes
    Wise
    No
    No
    No
    BTC
    Yes
    No
    No

    What are FXOpen base account currencies?

    A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. FXOpen supports the following base account currencies: USD, EUR, GBP, JPY, AUD, CHF, Bitcoin, SGD, RUB, LTC.

    What are FXOpen's minimum deposit and withdrawal amounts?

    The minimum deposit on FXOpen is $1, while the minimum withdrawal amount is $10. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact FXOpen’s support team.

  • Markets and Tradable Assets

    Score:
    The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria
    8.3 /10

    FXOpen provides a standard range of trading assets in line with the market average. The platform includes 700 assets in total and 50 Forex currency pairs.

    • Copy trading platform
    • Passive income with bonds
    • ETFs investing
    • Regional restrictions are possible

    Supported markets vs top competitors

    We have compared the range of assets and markets supported by FXOpen with its competitors, making it easier for you to find the perfect fit.

    FXOpen Trading.com Plus500
    Currency pairs 50 69 60
    Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 700 69 2800
    Stocks
    Yes
    No
    Yes
    Commodity futures
    Yes
    No
    Yes
    Crypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada.
    Yes
    No
    Yes
    Stock indices
    Yes
    No
    Yes
    Options
    No
    No
    Yes

    Investment options

    We also explored the trading assets and products FXOpen offers for beginner traders and investors who prefer not to engage in active trading.

    FXOpen Trading.com Plus500
    Bonds
    Yes
    No
    No
    ETFs
    Yes
    No
    Yes
    Copy trading
    Yes
    No
    No
    PAMM investing
    Yes
    No
    No
    Managed accounts
    Yes
    No
    No

  • Trading Account Opening

    Score:
    We evaluated Trading Account Opening at FXOpen by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.
    9 /10

    We successfully registered an account with FXOpen in 20 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at FXOpen is $1. This is one of the most accessible and hassle-free onboarding procedures on the market.

    • Fully online account opening process
    • Quick KYC verification (1 business day or less)
    • Low minimum deposit requirement
    • Registration process may take longer than expected
    FXOpen account opening
    FXOpen Trading.com Plus500
    Online Registration
    Yes
    Yes
    Yes
    Minimum deposit $1 $50 $100
    Mandatory KYC
    Yes
    Yes
    Yes
    Registration time (min) 20 20
    KYC time (days) 1 2 3

    Is FXOpen available in my country?

    If you are a citizen of United States, the broker accepts clients from your country.

    Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.

    Account opening details

    The functionality of the user account involves managing accounts and funds, configuring security settings, downloading software, etc. Below is a brief guide on how to open and use it.

    • After navigating to the FXOpen company website and clicking on the user account button, the system redirects to the division that serves your region. This process is automatic, and the trader cannot choose another FXOpen representation.

    • Next, fill out the registration form, choose the account type (user, corporate), and customize it according to your trading needs. You can select the currency, leverage level, execution model (STP/ECN), and trading platform for the primary account. Additional accounts can be opened in the user account. You also need to answer questions about CFD trading, generate a secure password, and confirm your phone number and email.

    • To commence trading, follow these steps in your user account:

      • Upload documents for the KYC (Know Your Customer) procedure, enabling the broker to verify information about you.
      • Choose a convenient payment method from the available list to fund your trading account.

    The user account menu also allows the client to:

    • Download the desktop versions of trading platforms or access WebTrader;
    • View data on open accounts such as number, password, and server;
    • Change the login password and PIN code;
    • Enable and configure two-factor authentication;
    • View the list of IP addresses used to log into the account;
    • Withdraw funds, exchange currencies, transfer money from one account to another;
    • Communicate with technical support online in the chat.

  • Trading platforms & tools

    Score:
    This section evaluates the quality and variety of trading platforms offered by the broker. It considers supported platforms, core features, device compatibility, and the availability of tools for automation, analysis, and different trading styles. Learn the assessment criteria
    8.4 /10

    FXOpen received a score of 8.4/10, indicating a strong offering in terms of trading platforms and tools. The broker provides broad access to popular platforms and supports a variety of features designed to enhance both manual and automated trading.

    • Trading bots (EAs) allowed
    • API access for automated trading
    • Free VPS for uninterrupted trading
    • MetaTrader is available
    • Strategy (EA) Builder is not available
    • No access to a proprietary platform
    • No access to cTrader and its advanced tools.

    Supported trading platforms

    FXOpen supports the following trading platforms: MT4, MT5, TradingView. This selection covers the basic needs of most retail traders. We also compared FXOpen’s platform availability with that of top competitors to assess its relative market position.

    FXOpen Trading.com Plus500
    MT4
    Yes
    No
    No
    MT5
    Yes
    Yes
    No
    cTrader
    No
    No
    No
    TradingView
    Yes
    Yes
    Yes
    Proprietary platform
    No
    Yes
    Yes
    NinjaTrader
    No
    No
    No
    WebTrader
    No
    Yes
    Yes

    Key FXOpen’s trading platform features

    We also evaluated whether FXOpen offers essential trading features that enhance user experience, accommodate various trading styles, and improve overall functionality.

    Supported features
    2FA
    Yes
    Alerts
    No
    Trading bots (EAs)
    Yes
    One-click trading
    Yes
    Scalping
    Yes
    Supported indicators 68
    Tradable assets 700

    Additional trading tools

    FXOpen offers several additional features designed to enhance the trading experience. These tools provide greater automation, deliver advanced market insights, and help improve trade execution.

    FXOpen trading tools vs competitors
    FXOpen Trading.com Plus500
    Trading Central Trading Central is a leading provider of investment research and financial market commentary. Integration with Trading Central offers traders advanced analytics, trading signals, and expert market insights, aiding in more informed decision-making.
    No
    Yes
    No
    API
    Yes
    No
    No
    Free VPS
    Yes
    No
    No
    Strategy (EA) builder A Strategy or EA builder is a tool that allows traders to create and test their own automated trading strategies without requiring programming skills.
    No
    No
    No
    Autochartist Autochartist is a market scanning tool that identifies trading opportunities by analyzing chart patterns and key price levels.
    No
    No
    No

  • Mobile Apps

    Score:
    This section assesses the quality and functionality of the broker’s mobile trading apps. It takes into account app ratings, number of downloads, platform features such as two-factor authentication (2FA), mobile alerts, and technical indicators, ensuring traders can manage positions and monitor markets effectively from their smartphones. Learn the assessment criteria
    8 /10

    FXOpen supports mobile trading, offering dedicated apps for both iOS and Android. FXOpen received 8/10 in this section, reflecting strong user engagement and well-developed functionality. High ratings, solid download numbers, and the presence of advanced mobile features contributed to the high score.

    • Supports mobile 2FA
    • Mobile alerts supported
    • Strong Android user ratings, currently at 5.0/5
    • Fewer charting tools

    We compared FXOpen with two top competitors by mobile downloads, app ratings, 2FA support, indicators, and trading alerts.

    FXOpen Trading.com Plus500
    Total downloads The parameter reflects the combined number of installations from both the Apple App Store and Google Play. It serves as an approximate indicator of the broker’s mobile trading app popularity and user adoption across platforms. 100,000 50,000 10,000,000
    App Store score App store scores reflect the average user ratings of the broker’s mobile applications on the Apple App Store and Google Play. These ratings indicate user satisfaction based on criteria such as usability, stability, performance, and overall experience. 5.0 4.8 4.7
    Google Play score 5.0 4.7 4.4
    Mob. 2FA
    Yes
    Yes
    Yes
    Mob. Indicators
    Yes
    Yes
    Yes
    Mob. Alerts
    Yes
    Yes
    Yes

  • Customer Support

    Score:
    We evaluated Customer Support at FXOpen by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria
    5.1 /10

    Customer support at FXOpen is available, but response speed and service quality may vary. Some requests are handled efficiently, while others may require follow-ups.

    During testing, response times were moderate, and communication depended on the complexity of the request. FXOpen provides basic support functionality but does not stand out in overall service performance.

    Information

    The working hours of different FXOpen divisions vary. The EU office is available from 9:00 to 20:00 (Eastern European Time), the UK office from 8:00 to 18:00 (London Time), and the Global office from 7:00 to 16:00 (GMT) from Monday to Friday. Chat operates 24/5.

    • Round-the-clock access to chat on weekdays
    • Support in multiple languages
    • Traders cannot request a call back from an FXOpen representative
    • Technical support is not available on Saturdays and Sundays

    If a trader wishes to communicate with technical support, they can do so using the following channels:

    • Chat, available on the website and in the user account;
    • Phone call;
    • Email inquiry;
    • Request a call back from the website.

    Registered clients with the broker can create a ticket in their user account.

    Contacts
    Foundation date 2005
    Registration address FXOpen INT: P.O. Box 590, Springates East, Government Road, Charlestown, Nevis
    FXOpen UK: 80 Coleman Street, London, EC2R 5BJ, United Kingdom
    FXOpen EU: 38 Spyrou Kyprianou Street, CCS BLDG - Office N101, 4154 Limassol, Cyprus
    Regulation FCA, CySEC, The Financial Commission Licence number:
    579202, 194/13
    Official site fxopen.com
    Contacts support@fxopen.com support@fxopen.co.uk support@fxopen.eu +64 9 801 0123, +357 25024000, +44 (0) 203 519 1224

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FAQs

How secure is trading with FXOpen in terms of regulation and client protection?

FXOpen has a safety score of 9.7/10 and is described as having a high security level, supported by Tier-1 regulation and a track record since 2005. It is regulated by the FCA in the UK and CySEC in Cyprus, with investor compensation schemes of up to £85,000 and €20,000 respectively, and also participates in The Financial Commission’s scheme up to €20,000, while offering negative balance protection and KYC verification.

What commissions, spreads, and non-trading fees are highlighted for FXOpen?

FXOpen’s overall fees are rated as medium with a score of 7/10, featuring low forex trading fees and tight EUR/USD spreads, but with both inactivity and deposit fees listed as disadvantages. Standard account EUR/USD spreads typically range from 0.5 to 1.2 pips, RAW/ECN accounts show an average EUR/USD spread of 0.1 pips with a $1.5 per lot commission, and non-trading fees include a 0.5% deposit fee, 0.5–2% withdrawal fee, and a monthly inactivity fee of $10–100.

What do FXOpen user reviews and feedback say about overall client experience?

FXOpen has a user satisfaction score of 7.4/10 based on 99 reviews, with a rating distribution that shows 28% 5-star, 28% 4-star, 32% 3-star, 9% 2-star, and 2% 1-star evaluations. According to user reviews, this mix of ratings indicates a generally mixed overall client experience rather than consistently positive or negative sentiment.

Which markets and investment products are available at FXOpen according to reviews?

FXOpen offers 700 tradable assets, including 50 forex currency pairs, stocks, commodity futures, cryptocurrencies, and stock indices, while options are not available. The review also notes additional investment options such as bonds, ETFs, copy trading, PAMM investing, and managed accounts, with a mention that regional restrictions are possible.

What does user feedback say about FXOpen customer support availability and service level?

Customer support at FXOpen is described as available but with varying response speed and service quality, and an overall safety score of 5.1/10 for this area. Support channels include chat, phone, email, and tickets for registered clients, with weekday chat operating 24/5 and different office hours by region, while technical support is not available on weekends and traders cannot request a call back from an FXOpen representative.

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