FXOpen Review 2021

FXOpen Review 2021

Davis J.
Robertson A.
March 2021
Analysis of the Main Features of the Forex Broker

7.6

Overall rating

7.6

/10

Execution of orders

7.4

/10

Investment instruments

7

/10

Withdrawal speed

7.6

/10

Customer Support work

7.8

/10

Variety of instruments

8.2

/10

Trading platform

20

Position
in rating

Trading terminals:

MobileTrading WebTrader
MetaTrader4 MetaTrader5
20

Position in rating

7.6/10
Overall rating

Trading terminals:

MobileTrading WebTrader
MetaTrader4 MetaTrader5

Summary of FXOpen Trading Company

FXOpen Broker Company was established in Cairo in 2003. In 2005 it commenced dealing services, and thereafter became one of the leaders in the Forex industry. The company has held its high-level service through optimum trading conditions, innovative technologies, and a wide range of financial services. FXOpen was the first broker to offer its clients a unique chance to trade via the electronic communication network (ECN) based on the MetaTrader 4 terminal. Now FXOpen provides a full range of active and passive trading services to over a million clients from 100 countries. FXOpen is a member of the International Financial Commission as well as a member of the Federation Council Committee on Budget and Financial Markets.

Attention!

If you already work with FXOpen simply open another account in your profile on the broker's website, indicating the Traders Union affiliate code: 483261.

👍 Advantages of trading with FXOpen:

  • profitable trading conditions for the trader of any experience level from beginner to professional;
  • financial instruments for trading variety;
  • wide range of accounts, incl. special account for Crypto for trading cryptocurrencies;
  • minimum commissions for withdrawal and Cash-back program, which will reduce your commission fees further
  • PAMM-service for successful traders’ transactions copying;
  • auto-trading availability;
  • convenient reports on account status to the end of the day and month.

👎 Disadvantages of FXOpen:

  • insufficient amount of training materials;
  • there is no way to order a call back;
  • no PAMM-accounts;
  • withdrawal of funds is carried out within 1 day.

Overall

FXOpen offers favorable conditions for both beginner traders and professional traders on Forex. The broker’s clients can actively trade, invest in PAMM, and also connect to the service of signal providers’ transactions copying. Access to auto trading is also available.

Visit FXOpen

FXOpen Latest Comments for 2021

17
0
3

The reviews by customers of the FXOpen indicate that it is a reliable brokerage company. Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of FXOpen published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.

Surprisingly, I received my first withdrawal through Fx open on the second day after the approval of the application. I got it directly to the card, so I was surprised by the speed. I have proceeded with verification earlier, and long before the withdrawal, which accelerated the withdrawal process as a whole.

The results of 2020 in terms of profit with fxopen were impressive. The income comes out $3,500 including several open transactions (they were not included in the accounting). He made some money on the Crown, plus connected the Bitcoin in my portfolio, and it also gave growth almost as in 2017. I plan to completely switch to FX OPEN from 2021, as it becomes more difficult to disperse myself every year.

Previously, you could get a withdrawal with WebMoney in an hour at most, but now I wait almost a day. On the contrary, they began to deposit the bank card faster. You will always get money, you just need to be prepared for a hitch in this matter. This is perhaps the only thing that spoils the picture a little. In general, I notice a continuous improvement in conditions regardless of account type or asset you work with. Here, even swaps on stocks, are lower than those of most companies. Well, this is so, rather an observation, I work only on gold.

The conditions for gold are excellent. Leverage is up to 1:500 and a small deposit at the same time. I moved from ******** here to work with metals and so far I have never regretted it. Just once I got to the test and it dragged on, as a result, and took my money already in a week. But this "promo" was a one-time, fortunately. This was just once so I trust this forex broker.

They don’t cancel profit from the advisors, and I work as a scalper advisor and have no problems. I’ve been working with FxOpen for 5 months. After the advisors’ service will be canceled, I am planning to look for other options; I will connect to FXOpen, which has already been proved.

FXOpen is a top-notch broker. I like the uninterrupted and lightning-fast execution of orders. There are absolutely no freezes and everything is running like clockwork. Withdrawals are pretty quick and hassle-free. I'm not going to change my broker and will continue to work with FXOPEN! I had to contact technical support and everything was solved quickly. There are various contests with appealing prizes. I participated more than once and have won. FXOpen is a well-known broker that I have been trading with for a long time. I have not had any problems since I commenced with them. I highly recommend this broker.

Based on my experience, FXOpen is an honest and reputable broker that provides a quality service. For several years of trading, I have not had any complaints. The terminal works fine, deals not canceled. I also liked the professional support, which always helps to solve the sensitive matters of the trader. The profit withdrawal time is carried out strictly according to the regulations and without delays. I am 100% satisfied with the terminal’s work and the speed, I have made successful withdrawals several times. In general, I am satisfied with the broker’s work, I recommend FXOpen.

2 3 >

Video Review of FXOpen

Expert Review of FXOpen

FXOpen is the Traders Union’s partner that meets every criterion of the Traders Union. The company shows reliable and stable work, so we can safely recommend it to traders. The broker offers optimal trading conditions therefore it is recommended for beginner and professional traders. Customers can work with various types of accounts, trading in 70 currency pairs, metals, precious metals, stocks, indices, and cryptocurrencies.

Amount of Traders Union clients that choose FXOpen as an intermediary. According to the analysts of the Traders Union, the company is regularly making the Top 15 best brokers ranking. The predominance of positive reviews from FXOpen clients over negative ones proves that the broker works fairly and provides favorable conditions. Technical support specialists resolve any questions and complaints resolved promptly.

The easily navigable website allows traders to quickly find and evaluate information. The platforms work at full pressure without deadlocks.

Antony Robertson

Traders Union
Financial Analyst

Analysis of the Main Features of the Forex Broker

7.6

Overall rating

7.6

/10

Execution of orders

7.4

/10

Investment instruments

7

/10

Withdrawal speed

7.6

/10

Customer Support work

7.8

/10

Variety of instruments

8.2

/10

Trading platform

Dynamics of the Popularity of FXOpen
in 2020 among the Users of the Traders Union

Dynamics of the Popularity of FXOpenin 2020 among the Users of the Traders Union

Investment Programs, Available Markets and Products of the Broker

FXOpen provides opportunities for passive trading. The company offers PAMM-investing as well as transaction copying services and a 3-level Affiliate Program.

PAMM Technology — copy trading service

PAMM service is an automated platform for copy trading. It allows you to trade on Forex without personal engagement with transactions. You just follow the trading strategy of another trader (provider) and allocate a certain amount for this purpose. After joining PAMM technology, the provider's trading strategy will automatically trade the funds allocated.

Features of the FXOpen transactions copying service:

  • the possibility to work with ECN, STP, and Crypto accounts;

  • there are no restrictions on the number of traders, which the investor can connect to;

  • funds are under your total control, as an investor (and not a provider) can increase or decrease your capital, completely excluding the possibility of money withdrawing by a rogue signal provider;

  •  automatic distribution of profit/loss and remuneration, per the terms of the offer;

  • the provider's public trading monitoring system. Information is demonstrated vividly and accessible using charts and tables.

Any trader can be both an investor and a provider. You need to trade successfully to become a provider. The chance to attract investors increases as a result of making the rating of traders demonstrating high profitability.

Important!

If you are a large investor and plan on investments over $ 10,000, contact us at [email protected] by the feedback form on our website. Our professional team will take you through all the intricacies of thedeal and all the steps from signing up to withdrawal of profits.

FXOpen affiliate program

Participation in the affiliate program allows traders to get the brokers’ remuneration for new customers. The partner's income consists of the number of customers attracted and their trade turnover. There is a flexible system of remunerations and coefficients depending on these indicators:

  • 1st level — 100% of the standard commission;

  • 2nd level — 35% of the standard commission;

  • 3rd level — 10% of the standard commission.

Standard commission on accounts: STP — 2.4 pips, ECN, and Crypto — 15% of FXOpen commission. As the total trading volume of attracted clients grows, multipliers shall be applied to the commission remuneration. The amount of the affiliate remuneration increases in proportion to the total margin of all the closed positions on referral accounts for the last 90 days.

Rebate and Discount Programs of the Traders Union for FXOpen

Partnering with the Traders Union rebate service allows the trader to significantly reduce trading costs. You simply register on the Traders Union website to get a spread rebate. The rebate is accrued monthly after opening a real trading account with FXOpen and trading on the Forex Market. Compensation of the spread from the Traders Union is paid not only for successful transactions. The trader receives payments on a losing trade.

Information

The Traders Union rebate depends on the type of open account. For STP accounts, the compensation from the broker is 2.4 pips, for ECN is 15% of the commission, for Crypto is 15% of the contract commission. The trader gets a rebate of 80%.

Example. When you trade 1 lot per day. 1 lot for EUR/USD pair is 100,000 pivot currency items. The pips cost of 1 lot is USD 10. Spread — 2 pips. If you worked directly with FXOpen, your spread costs per day would be $20. Traders Union gets 15% of the commission, 80% is transferred to the trader. The amount of compensation shall be 20*0.15*0.8 = USD 2.4.

Try it!  You’ll like this!

Trading Conditions for FXOpen Users

FXOpen offers favorable trading conditions for both beginners and professional traders. Several types of accounts with relatively large leverage are available to the company's clients. A Micro account with a minimum deposit of $1 is a perfect start for a beginner trader. The broker offers new clients a demo account with a virtual deposit to study in detail the trading conditions and functionality of the terminals.

1 USD (Micro), 10 USD (STP, Crypto), 100 USD (ECN)

Minimum
deposit

1:3 (Crypto), 1:500 (Micro, STP, ECN)

Leverage

24/7

Support

MobileTrading WebTrader
MetaTrader4 MetaTrader5
Trading platform: MetaTrader 4, MetaTrader 5, WebTrader, mobile trading
Accounts: Demo, Micro, ECN, STP, Crypto, Islamic accounts
Account currency: USD, EUR, GBP, CAD, AUD, CHF, JPY, CNY
Replenishment / Withdrawal: VISA, MasterCard, Maestro, Discover, JCB, МИР, WebMoney, Skrill, Neteller, Perfect Money, bank currency transfer, debit cards, credit cards, prepaid codes
Minimum deposit: 1 USD (Micro), 10 USD (STP, Crypto), 100 USD (ECN)
Leverage: 1:3 (Crypto), 1:500 (Micro, STP, ECN)
PAMM-accounts: No
Min Order: 0.1 micro lot, 0.01 lot for all other accounts
Spread: Floating spread from 0 pips
Instruments: 50 currency pairs, CFD, indices, gold and silver, 43 pairs with BTC, LTC, EOS, PTC, ETH, DASH, EMC
Margin call/Stop Out: from 20% / from 10%
Liquidity provider: Dresdner, SG Paris, Standard Chartered, Barclays Capital, Bank of America, CRNX, JPMorgan, Morgan Stanley, Deutsche Bank AG, RBS, CITI, UBS, Hotspot INST, Goldman, LavaFX
Mobile trading: Yes
Affiliate program: Yes
Orders execution: Instant Execution, Market Execution
Trading features: Auto-trading, cryptocurrency trading, news trade, Islamic accounts
Contests and bonuses: Welcome bonus, bonus for contests n demo-accounts, spread cashback

Comparison of FXOpen with other Brokers

FXOpen FxPro XM Group Admiral Markets UK AvaTrade
Trading
platform
MT4, MobileTrading MT4, MobileTrading, MT5, cTrader MT4, MT5, MobileTrading MT4, MT5, iPhone, iPad, Android, MT4 Supreme Edition MT4, MobileTrading, Zulu Trader, Mirror Trader, AvaTrader, AVA Option
Min deposit $1 $100 $5 $200 $100
Leverage From 1:1
to 1:500
From 1:1
to 1:500
From 1:1
to 1:30
From 1:25
to 1:500
From 1:200
to 1:400
Trust management No No No No No
Accrual of % on the balance No No No No No
Spread From 2 points From 1 point From 1 point From 0 points From 0 points
Level of margin call
/ stop out
20%  /  10% 25%  /  20% 100%  /  50% 100%  /  30% 25%  /  10%
Execution of orders Market Execution Market Execution, Instant Execution Market Execution Market Execution Instant Execution
No deposit bonus No $100 $30 No No
Cent accounts Yes No Yes No Yes

Broker comparison table of trading instruments

FXOpen FxPro XM Group Admiral Markets UK AvaTrade
Forex Yes Yes Yes Yes Yes
Metalls Yes Yes Yes Yes Yes
Crypto Yes No No Yes Yes
CFD Yes Yes Yes Yes Yes
indexes Yes Yes Yes Yes Yes
Stock Yes Yes Yes Yes Yes
ETF No No No Yes No
Options No No Yes No No

Commissions & Fees FXOpen

Information

The Traders Union specialists have carefully verified the conditions from the FXOpen company to identify trading and non-trading commissions. In the category of the trading commission, the broker spread was considered, and as a non-trading commission — an additional withdrawal fee was considered. The commission fee is from 0% to 2.5%, depending on the replenishment method.

Account type Spread (minimum value) Withdrawal commission
Micro From $1 Yes
ECN From $1 Yes
STP From $1 Yes
Crypto From $1 Yes

We analyzed the size of trade commissions in FXOpen and compared it with the same indicators of the company's key competitors such as Forex4you & RoboForex. Based on the data received, was established the level of brokers' trading fees such as low, medium or high.

Broker Average commission Level
FXOpen $1 Low
RoboForex $6.55 Medium
Forex4you $12.6 High
FXOpen
$1
RoboForex
$6.55
Forex4you
$12.6
Conclusion

FXOpen charges low trading commissions, in comparison with other brokers from the TOP-5 rating of the Traders Union. The spread amount is floating and depends on the market situation at the moment. Withdrawals are carried out with minimal fees. You can also save on the spread by receiving a rebate from the Traders Union.

Detailed Review of FXOpen

FXOpen offers its clients access to trading Forex currency pairs, CFDs, cryptocurrencies, precious metals, and stocks. You can use the copy trading service and auto trading, as well as get additional income by participating in a multi-level affiliate program. FXOpen also offers several useful risk management features such as stop-loss, negative balance protection for limit orders, and a host of other things.

FXOpen Markets Limited is incorporated in Nevis (company registration number 42235).FXOpen is a broker for active trading and auto trading.

FXOpen is a broker for active trading

FXOpen is a broker for active trading offering optimal conditions for novice trade and professional traders. The company offers several types of accounts: Micro is a cent account for novice traders, ECN and STP are for advanced users, who prefer scalping.  There is a special account — Crypto — available for traders trading with cryptocurrency.

FXOpen offers to use the popular trading platforms such as MetaTrader 4 and MetaTrader 5, available for Windows, Android, and iOS for trading on all types of accounts. The broker uses bridge technology to execute trades on ECN accounts. Also, customers can trade through a web terminal.

Advantages:

1

access to trading currency pairs, stocks, indices and electronic currencies;

2

accounts for trading cryptocurrencies such as Bitcoin, Litecoin and Namecoin;

3

range of trading accounts suited to every fancy - ECN, STP, Crypto, Micro;

4

the low floating spreads are from 0 pips;

5

the minimum deposit is from $ 1.

6

advanced ECN-aggregation technologies;

7

the maximum leverage is 1:500.

8

the economic news updated, market analytics and calendar of events;

9

account status reports at the end of each trading day and month.

How to Start Making Profits — Guide for Traders

FXOpen offers several types of accounts for clients with different experience, from novice traders to professional traders. They differ from each other with the sizes of minimum deposit, spread and leverage.

Types of accounts:

Account Type
Description
Micro
is a cent account good for novice traders. It is intended for trading in gold, silver, and 28 currency pairs. The minimum deposit is $1; The leverage is up to 1:500. Transactions executions are instant;
ECN
standard account with a minimum deposit of $100. It is available when trading with 50 currency pairs, gold, silver, indices, and CFD. An account with floating spread from 0 pips. The leverage is up to 1:500.
STP
is an account with STP-technology for professionals. The floating spreads are from 0 pips; The leverage is up to 1:500. Scalping is available;
Crypto
is an account for cryptocurrency trading. The minimum deposit is $10 Floating spreads are from 0 pips. The leverage is from 1:3. Huge range of cryptocurrencies. On-call dealing is available.
Demo-account
you can open a demo-account on FXOpen for free. A virtual deposit allows you to test trading conditions without risking your funds.

 

Bonuses Paid by the Broker

No deposit bonus for STP-type accounts

A $10 bonus is credited after opening a personal account (eWallet) and passing the 2nd level of verification.

Welcome, Bonus

A welcome bonus of $1 is credited when opening a Micro account.

ForexCup

A bonus in the amount of 1% of the profit is credited for participating in contests for traders on a virtual account.

FXOpen Cashback

The broker refunds a part of the funds for the trading operations conducted, including unprofitable ones. The amount depends on the margin involved in all accounts and ranges from $5 to $1,000.

Bonus from Traders Union

If you trade as a Traders Union client, you can receive rebates for part of the spread from the Union. To do this, simply register for free on the Union portal, follow the affiliate link to the FXOpen website, and open a trading account.

Get a rebate on your Traders Union to account for active trading monthly, regardless of the transaction results. If you already have an account on FXOpen, here you will find detailed instructions on how to link your brokerage account with a Traders Union account.

Investment Education Online

Information

You will find training information in the “Trading” section and the "About Forex” sections of the FXOpen website. Here, you will also find the latest analytics, currency market news, and an economic calendar.

You will also find a description of the foreign exchange market, its participants, the reasons to trade on Forex Video tutorials and practical lessons and step by step instructions for beginner traders on how to start trading.

Information available in the "Training" section
Unavailable information on the FXOpen website
Description of the foreign exchange market, its participants, the reasons to trade on Forex
Video tutorials and practical lessons
Step by step instructions for a novice trader on how to start trading
 
Financial Risk Warning
 
The “Knowledge Base” section contains information about the operation of MT4 and MT5 trading terminals in three languages
 

The theoretical knowledge gained on the FXOpen website can be tested in practice by opening a demo account on the broker's website. Open a trading account, replenish it and start trading in the real market after trading through a virtual deposit.

Security (Protection for Investors)

Information

FXOpen is managed by FXOpen AU Pty Ltd and is regulated by the Australian Securities and Investments Commission (AFSL license No. 412871). Under the ASIC requirements, FXOpen is also a member of the Financial Ombudsman Service (FOS) in Australia, which protects traders from possible fraudulent activities of the broker. The broker is also regulated in the UK by the Financial Conduct Authority (license No. 579202), and is a member of the Financial Commission. The Financial Commission provides a dispute resolution mechanism and financial compensation fund for clients of brokers.

Regulators and a good regulatory framework prove that FXOpen is an honest and reliable company.

👍 Advantages

  • Clients’ accounts are maintained under the requirements of the regulator
  • Risk Warning & Customer Support
  • An agreement regulating the relationship of the broker with the trader
  • Protection of clients' interests in the event of a brokerage failure

👎 Disadvantages

  • A 2-Level verification procedure to withdraw funds

Withdrawal Options and Fees

Withdrawal of funds at FXOpen:

  • FXOpen broker makes the withdrawal of money when the trader submits the corresponding application. The number of requests is unlimited. The commission fee depends on the chosen electronic payment system.

  • To withdraw from FXOpen use the following payment systems: VISA, MasterCard, Maestro, Discover, JCB, МИР, WebMoney, Yandex.Money, QIWI, Skrill, Neteller, Perfect Money, bank currency transfer, debit cards, credit cards, prepaid codes;

  • When withdrawing to e-systems and bank cards, money is credited within 1 day. Withdrawal by bank transfer takes 1-3 business days.

  • Withdrawal in FXOpen is available in such currencies as: USD, EUR, GBP, CAD, AUD, CHF, JPY, CNY.

Customer Support Service

Information

Customer support chat specialists respond to general questions 24 hours on weekdays. E-mail requests and tickets (requests from new customers, payment processing, trading desk, technical support) are processed from 7 am to 4 pm (GMT) on weekdays.

👍 Advantages

  • Online chat and chats in social media.
  • Phone support
  • Multilingual support

👎 Disadvantages

  • Technical support and finance specialists work 5 days a week
  • No callback

 Customers can contact FXOpen specialists in several ways:

  • by phones indicated on the site;

  • online-chat on the website;

  • chat in social media;

  • feedback form.

Contacts

Registration address P.O. Box 590, Springates East, Government Road, Charlestown, Nevis
Contacts

Review of the Personal Cabinet of FXOpen

To start working on the Forex exchange through the FXOpen broker and save on the spread with Traders Union help, follow these steps:

1

Click the “Open an account” button on the home page of the broker and select the “Registration” item. Indicate e-mail, country of residence and telephone. Enter the 4-digits pin-code, sent on your email. Save PIN-code as it will be shown just 1 time. Further you will need the code to confirm the withdrawal/transfer of funds request and other financial transactions carried out on the account.

Review FXOpen - Open an account
Review FXOpen - Open an account
Review FXOpen - Open an account
2

Log in to the system. Enter the email specified during registration, as well as the automatically-generated password. Confirm email, then get verified, indicating true information:

Review FXOpen - Log in
Review FXOpen - Log in

The following sections are available in your FXOpen account, that allows you to:

  • Open the trading account.

  • Replenish account.

  • Download the trading terminal.

  • Fill the withdrawal application.

  • Participate in affiliate programs.

Tags:

fxopen fxopen ru fxopen com www fxopen ru fx open forex open

The Oldest Reviews of the FXOpen

The reviews by customers of the FXOpen indicate that it is a reliable brokerage company. Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of FXOpen published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.

FXOpen is one of the leading and experienced trading platforms providing a variety of investment opportunities in the financial markets. I was lucky to find and trade with this broker. It has been operating for over 10 years and has many advantages that distinguish it from its competitors. The platform is developing and they are working to ensure that users can easily use it. This can explain its prestige and reputation, the presence of many serious successful trades,and innovative solutions.
Their security is effective which means that traders do not need to worry about their funds and information being at risk. I had a colossal number of options for making fast transactions in the system, so I can easily find the most convenient service. When starting to work with any broker, you must not only be confident in its reliability and honesty, it is also important to clearly understand their risks, know the rules of the trading system, their rights, and obligations, the company's guarante

FXOpen is an excellent broker. Following the trends in the development of trading, they offer its users free mobile platforms: MT4 and MT5 for Android, iOS. The mobile application allowed me to trade from a phone or tablet. This solution will also be indispensable for the company's clients if they do not have access to a computer or make it possible to trade anywhere, at any time.
They offer their clients various bonus programs to attract more traders to the company, and especially newcomers. Using the provided reward, they are more confident in opening trades in the market and gain practical skills. The FXOpen is continually improving to keep its edge over competitors and, providing support to clients by offering a variety of promotions and bonuses. My trading experience has been smooth.

I have traded for over three years with FXOpen. Cooperating with traders, FXOpen guarantees a high level of service, reliability, security, etc. The main principle of the company's work is to comply with the interests of the client, providing him with optimal conditions for profitable trading.
To get acquainted with the capabilities of the broker's platform, I opened a free demo account that fully simulates real trading on the market but using virtual money. Providing such an option to me was a sign of reliability and honesty of an organization that has nothing to hide from its client.
A trial account allowed me not only to study the platform’s functionality offered by the broker but also to try to make the first deals here, test strategies, and indicators. I made sure that the terminal is working smoothly, the professionalism of the technical support team, and the honesty of the company.

I was impressed by FXOpen's instant orders execution. Judging on my observations, competitions are often held on demo accounts, where participants get real money as a prize. To withdraw funds, it is necessary to go through a quick verification procedure, providing passport data. The official website is convenient and informative; here the broker offers materials about the company, training programs, step-by-step instructions for work, an economic calendar, current news, calculators, and other tools. Trading takes place in a reliable software product that has long been trusted by millions of traders - MetaTrader 4. Hence, I highly recommend this broker to anyone.

I have been trading with FXOpen for a long time. It’s a phenomenal broker. I would also like to note that the contests held by this broker on different resources are spectacular. Trading with this broker is just a pleasure.FXOpen is a reliable and legit broker. I have been using its services for several years now and I have not had any problems with withdrawal. By the way, if someone does not have money to trade, you can earn it on their forum. There are many ways to do this, for instance, in 1 year I earned about $ 800 on their forum without any effort.

Stability in work is the most important factor that can be found with FXOpen. Regulatory license and the duration of the broker's workare vital. I recommend this broker as they have been on the market for more than 10 years.
FXOpen has a very high-quality competition program. The prize fund is large and there are few participants. Their competitions will please you every single day. Do not miss your chance! I thank my lucky stars that I’ve registered here.

FXOpen is a great broker, for example, the trading conditions. I prefer to trade on the ECN account. I have been trading for over a year. They have good contests and various promotions. Thanks to them, I started trading. You can easily get initial capital from a broker by participating in competitions. Developing a trader's skills whilst winning a substantial prize. Another broker’s highlight is crypto accounts. I highly recommend it. Always acceptable spreads, contests, up-to-date tools, so what else does a trader need? Give them a try to start winning now.

Author of this Review

FXOpen broker’s review prepared by

John Davis

Traders Union Author and Analyst

John Davis is a Financial and Economic Analyst working with the Traders Union since 2016. During this time, he has written more than 100 analytical articles on technical and fundamental analysis, reviews of financial companies and has developed more than 10 proprietary trading systems. John's motto is to help everyone go from a novice to a professional trader.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.

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FAQs

Do reviews by traders influence the FXOpen rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about FXOpen you need to go to the broker's profile.

How to leave a review about FXOpen on the Traders Union website?

To leave a review about FXOpen, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about FXOpen on a non-Traders Union client?

Anyone can leave feedback about FXOpen on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

Why is it more profitable to work with FXOpen through Traders Union?

Because you will receive additional payments from Traders Union every month while all other functions on your chosen trading platform remain the same.