My fxopen

Unfortunately in summer the internal procedures of our card processors have changed, which has led to double-conversion.

Huge forex bonuses

SEPA transfers were also temporarily unavailable for the clients of fxopen markets limited.
We fully understand that it creates both additional charges and inconveniences to our clients. Length of use: over 1 year

Fxopen review

Fxegypt

Fxopen is a forex broker. FX open offers the mobile, MT4, MT5 and web trading platforms. Fxopen.Com offers over 50 currency pairs, CFD, bitcoin and other cryptocurrencies for your personal investment and trading options.

Fxopen.Com is the nevis branch of fxopen.

The australian branch is at fxopen.Com.Au. The UK branch is at fxopen.Co.Uk

Also known as:
forexbrazilian.Com, fxopen.Ae, fxocnmarkets.Com, fxislamic.Com, fxfrench.Com, fxopengermany.Com, tradefxind.Com, fxmalay.Com, fxopen.Com.Mx, fxopenthai.Com, fxopentrading.Com.

Broker details

deposit methods:

bank wire, VISA, mastercard, epayments, fasapay, intellectmoney, JCB, local bank transfers, maestro, neteller, paytoday, perfectmoney, poli, qiwi, RBK money, skrill, unionpay, webmoney, yandex money

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Traders reviews

Length of use: over 1 year

There's been talk a lot about the credibility of that company see you my personal experience with them to know that.
First of all, in terms of credibility.
So far, I haven't seen anything wrong with that company, so trading with them hasn't had any problems, and I'll give some examples of that.
As for the market movement, I've been watching the market movement, the japanese movement, the pairs movement, comparing it to some other big companies, and I've never found any difference.
The movement of japanese candles can vary in the timing of their closing and opening on different time frames but the price movement is fixed in such timing as other companies and this in terms of market and price movement
as far as the spread is concerned, I've found the spread on different pairs is very small, which is a good thing for this company.
Once upon a time that company did not have a good reputation and had many problems have solved those problems now and no longer exist, the company improved their policy and changed it and one of those problems is the lot was very large but now it is very small to suit all traders
among other problems that were present the company is trading large amounts and I think that problem is also solved now.
The company has its own platform now other than metatrader 4 and metatrader 5, which means that the company has three trading platforms
this is unlike the company's endeavors to bring new customers through the bonus, which is 10 US dollars for registration and began trading as it tries to maintain its current customers by making periodic contests almost one of the most famous of these competitions is the forex cup competition, which reaches a total of 2000 US dollars, which are various competitions throughout the year winners
however, the company is flawed by one thing, which is the bonus system, there are a lot of problems with it, for example, the company determined by the competition announcement about the forex cup competition, which is the publication of the announcement of the competition in other forums and in exchange for each publication a certain amount of cents and after I made those and I might say I'm less at a loss than other members, even if I saw a complaint from one of the members, he was supposed to be sent 200$, and I'm only sending him 50$, and that complaint is in the forum so far.
The disadvantages are also the lack of credibility in sending the bonus they reduced the value of the bonus and reduced competitions and also do not send the bonus where it became not enough for the member to pay the value of the internet package consumed in the work of posts and topics of the company and we hope the management in looking at this and
other than multiple platforms, there are also many accounts such as STP and ECN and many withdrawal and deposit methods, both direct and indirect
and other people are good at dealing with trading and did not happen to me any problems with trading or withdrawals filing to the warren's of good companies that will developing a large in the next period is what the company is trying to do now of the improvements and interest of the company
one of the most important features of the company
account count and low spread easy withdrawal and deposit
one of the most important disadvantages of the company
weak technical support and problems of the arab section and bonus

Nov 23, 2020 - 5 stars and i want to share my experience with all the new traders in the trading world , with my experince in fxopen , i am a trader from 2011 until now , and i tried many company for trading , but i found the best one until now is fxopen , so i am with them now , they are honest company , have many trust license in trading , and the contact with them so easly , and they have many options in trading and also many pairs currency , i did not met any problems with them until now , so if you are a new trader , or even old trader, come and join us for free in fxopen , you will see the differnce by your own eyes,
my advice to every beginner trader first, choose the honest company that you will trade with, such as fxopen after that, you can train in trading by opening a free account without any money and then you can start with real money by opening a real account do not try to greed or compensation. Just analyze the market well before trading and after that start trading with fxopen and enjoy the many discounts offered by the company as well as prizes and fun competitions that continue throughout the year at fxopen

Length of use: over 1 year

I've dealt with them over the past year and gained significant experience in the trading of their way and I see it's from a reputable company that respects the customer and maintains he has them
one of the most important features of this company is trading options and the diversity of accounts and contracts they have STP accounts and ECN accounts and they have many currency pairs that can be traded on them major currency pairs and secondary currency pairs also can through them also trading digital currencies and they work throughout the week i.E. You can trade digital currencies at any
as for their spread is very little either on the account of STP or ECN and for the account of ECN is almost no spread is in some currency pairs does not exceed four points and sometimes a point or two points and for the account of STP the spread starts from 10 points and even 24 points such as trading on the japanese yen / US dollar the company's all on their own.
Features
the company is characterized by low spread, easy trading and the availability of several platforms that can be traded on such as metatrader 4 and metatrader 5 and they also have their own platform
easy withdrawal and deposit and many methods of withdrawal and deposit, we mention the former escrill bank, webmoney and benefit money, there is also the company's own document and also the withdrawal by credit card or bank transfer, all of which is considered one of the means of withdrawal and deposit with the company
disadvantages
mention some of the enemies that the company is not good at dealing large amounts of this I didn't see or notice it during the deliberative with them because trading with them no more than $ 200 and did not find any problems until now.
Their technical support service is very weak and they can rarely solve the problem because they do not have all the powers to solve the problems
the technical support service in arabic is almost non-existent at work for only one hour and on friday only
the bonus for the arab section is not enough for the effort and fatigue of members to participate in competitions and write topics, etc.
There is always a manipulation of the terms of the competitions after they are over so that the members do not get their bonus
one of the worst flaws in the company is the insufficient bonus system and also it is manipulated and not sent completely to the members so the members began to work for other companies and forums

Nov 24, 2020 - 5 stars hello traders my name is mona makien i want to tell you about my experience with fxopen , i am a old women and was hard to belive in that new things to me , but my nephew convised me to try it , and i did by little money at first but i found that i lose , so my nephew start to learn me how to trade , and he advise me to read about the trading in fxopen forum that is wroten by many language , from this time i found my self earn some money , about fxopen they are honest , and the dealing with them so easy , so my advise to all new tradres , read more about trading in fxopen forum , then start in save way with fxopen

Length of use: over 1 year

My evaluation of this company after about two years of trading with them, and I will speak with all impartiality about the most important advantages of this company and the most important shortcomings
prices can be from respectful and honest companies that can be traded with a low spreads. For example, you find that the spread for the pair of the US dollar against the japanese yen is 14 points. That, and sometimes it is lower, the market is an active stock and you find the spread for the US dollar against the canadian dollar is 16 points. Only and also the euro against the US dollar, the spread is only 13 points. As for gold against the US dollar, the spread is 20 points, and sometimes more than that.
I had the experience of trading on risky days, especially on christmas holidays in december and january, and it is known that many traders do not prefer trading at this time of the year due to the high risk and market fluctuations in these two months.
Over the past two years, I have been trading at this time, especially after december 25, and no fluctuations occurred in the market and I won from this trading. All there is, the market movement was only slow, but no fluctuations occurred and I won from trading and this is what I remember well because I was very worried that I trade at this time
among the features of the company
we have said the low spread, and the most important thing is not to be afraid of trading on holidays and fluctuations. One of the additional advantages of the company is that it carries out periodic contests between traders and various contests to obtain an additional bonus for trading with it and always encourages traders to trade and does not skimp on them with information as there are forums for the company with all languages have a multitude of information and members ’experiences in trading. It is also noticeable that the company’s activity in previous years has made remarkable progress and has worked to correct past mistakes and has improved a lot. Now the company also gives a free registration bonus as an encouragement to new traders and always comes with offers and discounts for traders to encourage them to continue trading
company flaws
among the most serious defects of the company that I notice is technical support, there is technical support and is quick to respond, but I do not find that it has all the powers to solve the problems of members and traders, so it often does not solve problems or takes more time to solve them
also, I heard that the company is not good at trading on large amounts, and this frankly, I did not try it because I usually trade on small amounts, which are less than $ 250, and I did not find any problems with the company in trading from withdrawal, deposit and trading, so the evaluation in this regard is very good
one of the biggest defects of the company is the arab section, so it is known that arabs are those who love to gamble and trade through forex, and that company is not good at winning the arab customer to it, and this is for several reasons, the most important of which is arab technical support, which is one of the biggest flaws of the company, as there is almost no technical support for the arab department, so the presence of arab technical support almost every week for an hour only and it does not solve any problems, and this is what I already tried, so I had a problem and an inquiry, and I waited a week for a response and when the response arrived a week later, I made another inquiry at the same time and I did not receive an answer to it
among the disadvantages of the arab section is the bonus, as the administration does not pay any attention to the bonus for the arab section, and there is always tampering and changing conditions for not sending the bonus for members, and this also has a great impact on the company's inability to attract the arab customer
I see the solution to this problem, which is the presence of strong arab support all the time and the company's credibility in sending the members' bonus for the arab section without manipulation so that the members can make the required advertising for the company with credibility. If the company is not honest with its members in the arab section, and the bonus is sent to them on time and without any change of conditions and complications things are so that the members do not get the bonus, and this is in addition to the reduction of the bonus that happened .. How can a company win the arab client if it cannot maintain the arab members?

Nov 25, 2020 - 5 stars welcome dear traders
my name is heno
I'd love to share with you my experience with fxopen
since about 2004 I have been searching for ways to profit on the internet and I have been doing this for several years until I realized that all of this was not working.
And then I heard about forex brokers that I also couldn't believe in
until some friends advised me to try fxopen and I did it already and since around 2018 until now I am trading with them
and I have already found that I can profit on the internet by trading forex, as sometimes I can win not a small amount of money and this is beside the pleasure of trading
I advise all new traders to try forex trading through fxopen, because they are a respectable and honest company and have many licenses and also have many trading platforms and they also have their own new platform and a novice trader can open a demo account and trade on the demo account so that he can train on trading knows that fxopen is a respectable company
and another advice for a novice trader, do not rush before opening deals. Just watch the market well and when the trend stabilizes and analyze the market well, then you can make the decision to open deals.

Length of use: over 1 year

In december 2020 i will complete 6 years of trading with fxopen. This broker is an ECN broker so all the trades go into the inter bank markets and the liquidity providers. This enables me to get my all the orders fulfilled at any time whether it is the release of the high impact news.

Other brokers many of who are market makers will be trading against you and so you will have a difficult time in earning consistent profits with them.

During these years i have been making consistent income from my trading. When i started trading i was using webmoney for both deposits and withdrwals but in the year 2018 i shifted to bitcoin as it was easy for me to cashout.

When i make a cashout i am paid in under 3 hours and this is important as the rates of the BTC are moving very fast.

We are sorry to read about your negative experience with fxopen and understand your frustration.

Unfortunately in summer the internal procedures of our card processors have changed, which has led to double-conversion. SEPA transfers were also temporarily unavailable for the clients of fxopen markets limited.
We fully understand that it creates both additional charges and inconveniences to our clients.

Therefore, we do our best to make it up to our clients by offering the reimbursement of deposit charges.
In your case, we have also offered you a deposit bonus and a commission-free account as a sign of good will.
Please not that it is fully legal to offer to cover any fees to our clients and cannot be viewed as bribery.

At the moment fxopen markets limited offer commission free SEPA deposits. They are available in fxopen backend – https://my.Fxopen.Com

We would also like to stress that our offer still stands – commission free account for 6 months and reimbursement of all deposit related fees conversion fees included (if any).

We wish you a happy new year and we would be honoured to welcome you among our clients again.

OPEN
A CRYPTO ACCOUNT

AND TRADE CRYPTOCURRENCIES BITCOIN, LITECOIN, ETHEREUM

And other altcoins (43 pairs)

Cryptocurrency cfds TRADING TERMS

MINIMUM
DEPOSIT

Spread

Commissions

Leverage

Account currency

USD, EUR, GBP, RUB, JPY,
BTC, LTC

Minimum
transaction size

MG CALL / STOP OUT

Trading time

FUND YOUR CRYPTO ACCOUNT

WITH NO FEES

Over 20 ways to deposit and withdraw.

No commission for deposits in bitcoin, litecoin, ethereum, and emercoin.

TERMS OF DEPOSITING BITCOINS TO FXOPEN CRYPTO ACCOUNTS:

Minimum
WITHDRAWAL AMOUNT:

WHY TRADE BITCOINS WITH FXOPEN ?

TRADE CRYPTO CURRENCY with CFD instruments

Fxopen lets you trade all the most popular cryptocurrencies like bitcoin (BTC), bitcoin cash (BCH), ethereum (ETH), litecoin (LTC), dash (DSH), ripple (XRP), monero (XMR), IOTA, EOS, NEO, OMNI in the form of cfds without having to hold any cryptocurrency directly.

One of the largest bitcoin cfd brokers

We use top liquidity providers (exchanges) to aggregate liquidity and hedge the risks of client's exposure. Our order execution is based on the ECN aggregator.

TRUE ECN ENVIRONMENT

You can trade cryptocurrencies on MT4 platform and enjoy all the benefits of ECN execution: you trade against other market participants, not against the broker.

LOW SPREADS AND COMMISSIONS

You get tight market spreads and low trading commissions (0.5% half-turn), while the broker benefits as your traded volume and profits grow.

TRADE THE WAY YOU LIKE

All the popular forex trading styles including scalping, hedging and all the types of expert advisors are allowed.

THE MOST POPULAR TRADING PLATFORM

Buy or sell instantly with one-click trading on MT4.

Go long or short on any cryptocurrency CFD

Take a position when you expect a cryptocurrency to fall in value, as well as rise. No actual crypto assets are required.

ENJOY PEACE OF MIND TRADING WITH A TRUSTED BROKER

Fxopen is a reliable forex broker with a 10+ years' history.

FXOPEN CRYPTO ACCOUNTS HAVE
43 TRADING INSTRUMENTS AVAILABLE INVOLVING:

BTC/USD

Bitcoin vs US dollar CFD

1% of the price (round turn)

ETH/USD

Ethereum vs US dollar CFD

1% of the price (round turn)

XPR/USD

Ripple vs US dollar CFD

1% of the price (round turn)

Fxopen: reliable broker with favourable trading terms.
Make profit with us!

Trading on the forex market involves substantial risks, including complete possible loss of funds and other losses and is not suitable for all members. Clients should make an independent judgement as to whether trading is appropriate for them in the light of their financial condition, investment experience, risk tolerance and other factors.

Fxopen markets limited, a company duly registered in nevis under the company no. C 42235.

Fxopen does not provide services for united states residents.

FXOPEN UK

Why choose fxopen UK pro?

Higher leverage

Trade with up to 1:500 leverage

Lower commission

From $15 a million ($1.50 per lot)

Instant and secure

Choose from credit/debit card, webmoney, wire transfer

Free VPS

The fastest execution with the lowest latency

Segregated funds

Elective professional client funds will still be fully segregated in UK tier 1 banks

FCA regulated

Fxopen UK is authorised and regulated by the financial conduct authority (FCA)

What protection do professional clients lose?

Professional clients do not get the same protections afforded to retail clients

Professional clients have an obligation to make additional payments should your account fall into a negative balance

As a professional client we will not be obliged to restrict leverage on your account.

As a professional client we may assume your level of experience when assessing product suitability

As a professional client we may prioritise other factors in giving best execution apart from price

As a professional client we can use more sophisticated language when talking about risks and benefits of leveraged trading

Am I eligible for an fxopen UK pro account?

To be eligible for a fxopen UK pro account, you need to meet the FCA’s elective professional client eligibility criteria.
If you answer yes to two of these three questions, you could be eligible for a fxopen UK pro account:

Have you placed 10 relevant trades of a significant size per quarter in the last year?

Does your cash and financial instrument portfolio exceed €500,000?

Do you, or have you, worked in the financial sector for at least 1 year?

FXOPEN UK PRO
account trading conditions

ECN PRO

Raw market spreads
from 0.0 pips

STP PRO

Floating market spreads
from 0.5 pips

How do I open a pro trading account?

Open an account with fxopen UK below

Request a professional client application form from [email protected]

Complete your application and return it to fxopen UK

Once approved, start trading with all the advantages of a fxopen UK pro account

Fxopen UK is a trading name of fxopen ltd a company registered in england and wales under company number 07273392 and is authorised and regulated by the financial conduct authority under FCA firm reference number 579202.

RISK WARNING: cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 60% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work, and whether you can afford to take the high risk of losing your money. Professional clients can lose more than they deposit. All trading involves risk.

Before performing any transaction with fxopen UK, please read the terms and conditions and 'disclaimers and risk warning' which may be downloaded from this site or obtained in hard copy by contacting our office.

My fxopen

Call us
new zealand | +64 9 801 0123
russia | +7 499 346 0381

Verification of ewallet is required for deposits through any payment system. Deposits are available for ewallets with grade 2 verification or higher. Learn more about verification grades.

If you want to use a credit/debit card for deposits and withdrawals, please provide l egible color copies of both sides of the card. The numbers on your card should be hidden by a piece of paper as follows: 0000 00XX XXXX 0000. Similarly, hide the CVV/CVC code. Your name and signature should be clearly visible.

In this article, you can learn about the first two verification grades:

Grade 1: phone verification

On the ewallet verification page, under grade 1, enter your phone number and click SMS.

Enter the verification code sent to your phone and click confirm.

If you don't have a mobile phone or you haven't received an SMS with a confirmation code, you can verify your phone via operator call.

Grade 2: account verification

Before you start the verification process, prepare all the required documents.

1. Proof of identity (one of the following):

Passport

National ID card

Driving license

Residence permit

2. Proof of residential address (one of the following):

Bank statement

Utility bill

Internet, cable TV or landline bill

Tax return

Council tax bill

Certificate of residence issued by an authorized government body

Valid ID document with your residential address

Step 1: identity document

Select the ID type and upload a photo of your document.

Requirements:

The photo should be bright and clear, and all the edges of the document should be visible.

Upload both sides of the document if it's double-sided.

Make sure there are no highlights or spots in the photo. Low quality images will not be accepted by the system. The file must be in JPG or PDF format, no less than 500 KB.

The document must be valid for at least three months.

Click next.

Step 2: proof of residence

Upload a proof of your residential address.

If your ID document has your residential address, you can upload the same document used as proof of identity in step 1.

Requirements:

We do not accept screenshots, mobile phone bills, medical bills, credit card statements, receipts for purchases, or insurance statements.

The document must be in latin characters or have a notarized translation into english.

The document must contain the full name (as stated on the ID), owner's address and date of issue.

The photo should be bright and clear, and all edges of the document should be visible.

A utility bill or bank statement must be issued within the last three (3) months and printed on the official form.

All files must be in JPG or PDF format, more than 100 KB and 300 DPI.

Click next.

Step 3: selfie

This is the liveness check. Follow the instructions you see on the screen. You can either connect the camera on your computer or do the check on mobile phone.

Step 4: wait for the approval

Your ewallet status will change automatically 1 as soon as the review of your application is completed.

If any of your documents were rejected, please upload new photos of the documents.

You will also receive an email notification. Click the link in the email to go to the verification page in my fxopen. There you can see why your document was rejected. Please upload a new photo of the document.

Note: if you have a joint or corporate ewallet, please check the list of required documents here.

Having problems verifying your account?

If you have any questions, don't hesitate to contact us:

Real-time live chat

Email: [email protected]

Phone

1 for grade 2, there are two verification options:

Automatic verification

Manual verification by fxopen back-office staff

Depending on your country of residence, the system will automatically offer the verification method available for your country.

If automatic verification is not available for your country, you should fill in the form and upload 3 required documents (see the list above).

Fxopen

Fxopen review

Author bio.

Stéphane has worked in financial services since 2005, within capital markets and investment banking. He graduated from the london school of economics and HEC paris.

Updated on: 17 november, 2020

Awards

High-quality order execution, 2018 - verifymytrade

Best forex broker australia, 2011 - world finance

Best trading platform, 2010 - falcon award

Pros

Leverage up to 1:500.

Trade on metatrader 4, 5 or ticktrader.

All trading strategies allowed (ECN account).

Account base currencies: USD, AUD, CHF, EUR, GBP, JPY, RUB, SGD, mbtc.

Cons

Withdrawal fees between 2.5% and 8.25% (depending on your deposit method), if you request a withdrawal before meeting minimum notional trading volume requirements.

Fxopen is only regulated in nevis.

Fxopen accounts (2)

STP account [MT4]

Trade 50 currency pairs, gold and silver on MT4 with this STP account. Suitable for scalping, hedging, phone dealing and all eas.

$ 10 minimum deposit

1:500 leverage (EUR/USD) ?

1.3 pips (EUR/USD)

$ 0 commission / lot

More ▼

No dealing desk (NDD), STP, DMA, market execution

Variable spreads

50% margin call (%)

30% stop out level (%)

Hedging, scalping, algorithmic trading

Swap-free account

Less ▲

Open account ▷

ECN account [MT4]

Trade 49 currency pairs, gold and silver on MT4 from 0 pips with this ECN account. Enjoy low commissions from US$ 1.8 and leverage up to 1:500.

$ 100 minimum deposit

1:500 leverage (EUR/USD) ?

0.1 pips (EUR/USD)

$ 1.5 commission / lot

More ▼

No dealing desk (NDD), STP, ECN, DMA, market execution

Variable spreads

100% margin call (%)

50% stop out level (%)

Hedging, scalping, algorithmic trading

Swap-free account

Less ▲

Open account ▷

Fxopen offers (3)

Important: please visit the broker's website for their terms and conditions.

Get a US$ 1 welcome bonus

Get a $1 welcome bonus when you open a micro account and make a deposit. You can withdraw your bonus after trading 100 microlots.

$10 no deposit bonus for STP accounts

Open an STP account with fxopen to claim your no deposit bonus. The bonus cannot be withdrawn; however, you may withdraw profits after trading more than 2 lots.

Win over US$ 10,000 in the 'forexcup' contest [DEMO]

Open a demo ECN trading account with fxopen for a chance to win over US$ 10,000 in real money every month. You may withdraw your prize or apply it towards a live account.

Fxopen markets

Fxopen (fxopen.Com) provides two execution formats:

Asset classes

Forex (CFD)

Cryptos (CFD)

Stocks (CFD)

Indices (CFD)

Metals (CFD)

Energy (CFD)

Asset classes (#)

Forex (CFD) 51

Cryptos (CFD) 43

Stocks (CFD) 100

Indices (CFD) 10

Metals (CFD) 2

Energy (CFD) 3

Fxopen trading platforms

Trading platforms

Metatrader 4

Metatrader 5

Ctrader

Currenex

Copy trading

Mirror trading

Other platforms ticktrader

Fxopen account funding

Note: payment methods depend on the entity with which you open an account, as well as your country of residence. Please visit the company's website for all payment methods.

Deposits and withdrawals

Bank transfer

Credit card

Debit card

Bitcoin

Dixipay

Fasapay

Perfect money

QIWI wallet

Skrill

Sorexpay

Webmoney

Yandex.Money

Account base currencies

AUD - australian dollar

CHF - swiss franc

EUR - euro

GBP - british pound

JPY - japanese yen

RUB - russian rouble

SGD - singapore dollar

USD - U.S. Dollar

Fxopen regulators

Fxopen (fxopen.Com) is headquartered in auckland, new zealand, and regulated by the UK's FCA and australia's ASIC. Client funds are held in segregated accounts.

Company information

Company name fxopen NZ limited

Head office auckland, new zealand

Incorporation date 2005

Regulators

Australia AFSL no. 412871

Nevis nevis no. C 42235

UK FCA no. 579202

Fxopen alternatives

Are you looking for an alternative to fxopen? Compare fxopen against each of the following brokers and make an informed decision.

Risk warning: cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 66-89% of retail investor accounts lose money when trading cfds. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.

Crypto derivatives ban: fxopen stops offering crypto cfds in UK

FCA’s order to ban the retail sale of crypto derivatives will come into effect on january 6.

UK-regulated brokerage, fxopen announced on wednesday that it will stop offering cryptocurrency cfds from january 5 to comply with the financial conduct authority’s ban on the retail sale of crypto derivatives.

“following the decision by the financial conduct authority (FCA) to prohibit retail clients from trading cryptocurrency cfds, we regret to inform you as of 5th january 2021, you will be unable to open any new cryptocurrency CFD orders or positions,” the broker stated.

“all positions in cryptocurrency cfds will need to be closed before 5th january. Any remaining open positions that are not closed by 12:00 pm GMT on 5th january will be force-closed at the market price on this date.”

Breaking the crypto trading market?

Fxopen was one of the first brokerages to offer crypto trading pairs. It offers cfds trading services with over 40 cryptocurrency markets. Apart from crypto, the UK-headquartered broker offers trading with forex, commodities, indices and shares.

The decision to stop offering crypto cfds came in accordance with an FCA’s order to ban the sale of cryptocurrency derivatives and exchange-traded notes (etns) to all retail customers in the country. The regulator sees these instruments as “ill-suited for retail consumers due to the harm they pose.”

Fxopen – forex broker rating and review 2021

status
	https://www.Fxopen.Co.Uk/
regulation	FCA, ASIC, the financial commission
trading software	metatrader 4, metatrader 5, webtrader
headquartered	london, sidney, charlestown (nevis)

Fxopen is a forex and cryptocurrency broker, founded in 2005 by a group of traders. With over a decade of experience, the company has gained an excellent reputation of a major forex brokerage company that continues to expand rapidly. Today, the broker is present over the globe with entities registered locally in london, perth and in saint kitts and nevis. The broker is regulated in all jurisdictions it operates from, including the financial conduct authority (FCA) in the UK and australian securities and investments commission (ASIC). Fxopen is also an approved member of the financial commission - an independent organization which specializes in regulating disputes between brokers and traders working on the forex market.

Fxopen offers MT4 and MT5 forex trading with a wide range of trading instruments: 100+ FX, cfds, indices and cryptocurrency pairs (43). The broker also provides its own PAMM technology allowing clients to benefit from the strategies of experienced traders with a proven track record of successful trading and guarantees automatic distribution of profit and loss between the strategy provider and the strategy followers. The company also welcomes islamic traders and lets them take advantage of forex trading without violating sharia law by offering them SWAP free accounts.

Traders using fxopen are offered the choice between several types of trading accounts: micro, STP, ECN and crypto with minimum deposit requirements ranging from 1 USD for the micro account to 100 USD for the ECN account. This offers traders the opportunity to specialize their trading aims within the correct account.

Fxopen guarantees excellent customer support, strict compliance with all trading terms and conditions and reliability, backed up by the latest state-of-the-art technology.

Fxopen trading information

Fxopen — latest reviews and comments 2021

I like to do my trading with the fxopen broker as the ECN spreads in this broker are very low and my trading is also giving me more profits now. It is always better to wait for the news before doing your trading so that you can get more profits.

Harsh nayar 31 may, 2020 reply

I had an interest in trading a few years ago, but I could not dare to start in reality with real capital for a very long time, doubting that I would succeed. But then the interest won, and I decided to try it. I chose this company on the feedback forum. Now I am at the testing stage, because I constantly have new questions and difficulties. So far, the profit margins are small, but I think that everything is ahead. If there are any recommendations for a newcomer, I will be glad to hear.

Their mobile app is very user-friendly and I can trade anywhere with it. It's better than other brokers' app. No technical issue so far.

Laslo 22 april, 2020 reply

For over 20 years, FIBO group has been creating better working conditions for traders. These include 260 trading instruments, spreads starting at 0 pips, high execution speeds of 0.03 seconds or better, trading accounts in USD, EUR, RUB, CHF, GBP, BTC, ETH, gold, and cent accounts. Depositing and withdrawing your funds is fast and convenient. Experienced consultants are here to answer all of your questions. We have long-term statistics for testing any trading strategies. We provide all versions of the MT4 and MT5 trading platforms for the web, android, and ios.

I'm a beginner with forex trading and need support to operate all the time. So, for me, their chat online is very useful. It is slow sometimes, but at the end of the day I have some level of support for my operations. It is easy.

I have no experience in trading, but I have learned the basics and just recently I made a withdrawal and it came through to my bank account. Learn forex it's not easy but once you get to know the basics of trading I don't see why you should fail.

With fxopen I finally understood what distinguishes the normal brokerage from a cheater. Now I understand that constant slippages on every stop loss is not normal. Now I know that slippages can really happen but only when the markets get wild, not on every trade. I also finally understood that regulations really matter. I think that FCA and other authorities really keep their eye on what broker is doing. I can't explain otherwise the fact that I always suspected my other broker in quotes manipulations and I've never had similar suspicions about fxopen. Highly recommend the company!

Samuel 24 march, 2020 reply

I am trading with fxopen for the last 4 years and am very happy with the broker. I recommend fxopen to all novice traders because forex trading is not easy, but this company has made it easy for me, something I really appreciate.

I don't think there can be a good broker with no regulator's supervision. Brokerage services bring lots of money to thier owners so there is no single reason why part of these money can't be spent to obtain all the necessary licenses and pay all the fees. I chose fxopen because from the very beginning they've chosen to do a legitimate business complying with all the rules and regulatioons in evry country they do business at. I am completely sure that such honesty is 100% necessary for a reliable partner to have. Why would anyone think broker will avoid regulator and government but be honest with its clinet. Its rediculous. Surely they won't. My strategy woked for me. I'm completely satisfied with trading conditions at fxopen and totally recommend every forex and CFD trader trying it.

Fredd 12 march, 2020 reply

I have been trading with this company since march 2019. Already six times made small withdrawals. I like the terms of trade. Several times I contacted technical support for advice. The guys quickly told everything and answered questions. I like that broker has MT4 and MT5 platforms. There are no reasons to change the company. I will trade here further.

Company has many regulations to provide security for traders from all around the world. That doesn't affect your trading, you just have more security, so why not?

Fxopen

Fxopen review

Author bio.

Stéphane has worked in financial services since 2005, within capital markets and investment banking. He graduated from the london school of economics and HEC paris.

Updated on: 17 november, 2020

Awards

High-quality order execution, 2018 - verifymytrade

Best forex broker australia, 2011 - world finance

Best trading platform, 2010 - falcon award

Pros

Leverage up to 1:500.

Trade on metatrader 4, 5 or ticktrader.

All trading strategies allowed (ECN account).

Account base currencies: USD, AUD, CHF, EUR, GBP, JPY, RUB, SGD, mbtc.

Cons

Withdrawal fees between 2.5% and 8.25% (depending on your deposit method), if you request a withdrawal before meeting minimum notional trading volume requirements.

Fxopen is only regulated in nevis.

Fxopen accounts (2)

STP account [MT4]

Trade 50 currency pairs, gold and silver on MT4 with this STP account. Suitable for scalping, hedging, phone dealing and all eas.

$ 10 minimum deposit

1:500 leverage (EUR/USD) ?

1.3 pips (EUR/USD)

$ 0 commission / lot

More ▼

No dealing desk (NDD), STP, DMA, market execution

Variable spreads

50% margin call (%)

30% stop out level (%)

Hedging, scalping, algorithmic trading

Swap-free account

Less ▲

Open account ▷

ECN account [MT4]

Trade 49 currency pairs, gold and silver on MT4 from 0 pips with this ECN account. Enjoy low commissions from US$ 1.8 and leverage up to 1:500.

$ 100 minimum deposit

1:500 leverage (EUR/USD) ?

0.1 pips (EUR/USD)

$ 1.5 commission / lot

More ▼

No dealing desk (NDD), STP, ECN, DMA, market execution

Variable spreads

100% margin call (%)

50% stop out level (%)

Hedging, scalping, algorithmic trading

Swap-free account

Less ▲

Open account ▷

Fxopen offers (3)

Important: please visit the broker's website for their terms and conditions.

Get a US$ 1 welcome bonus

Get a $1 welcome bonus when you open a micro account and make a deposit. You can withdraw your bonus after trading 100 microlots.

$10 no deposit bonus for STP accounts

Open an STP account with fxopen to claim your no deposit bonus. The bonus cannot be withdrawn; however, you may withdraw profits after trading more than 2 lots.

Win over US$ 10,000 in the 'forexcup' contest [DEMO]

Open a demo ECN trading account with fxopen for a chance to win over US$ 10,000 in real money every month. You may withdraw your prize or apply it towards a live account.

Fxopen markets

Fxopen (fxopen.Com) provides two execution formats:

Asset classes

Forex (CFD)

Cryptos (CFD)

Stocks (CFD)

Indices (CFD)

Metals (CFD)

Energy (CFD)

Asset classes (#)

Forex (CFD) 51

Cryptos (CFD) 43

Stocks (CFD) 100

Indices (CFD) 10

Metals (CFD) 2

Energy (CFD) 3

Fxopen trading platforms

Trading platforms

Metatrader 4

Metatrader 5

Ctrader

Currenex

Copy trading

Mirror trading

Other platforms ticktrader

Fxopen account funding

Note: payment methods depend on the entity with which you open an account, as well as your country of residence. Please visit the company's website for all payment methods.

Deposits and withdrawals

Bank transfer

Credit card

Debit card

Bitcoin

Dixipay

Fasapay

Perfect money

QIWI wallet

Skrill

Sorexpay

Webmoney

Yandex.Money

Account base currencies

AUD - australian dollar

CHF - swiss franc

EUR - euro

GBP - british pound

JPY - japanese yen

RUB - russian rouble

SGD - singapore dollar

USD - U.S. Dollar

Fxopen regulators

Fxopen (fxopen.Com) is headquartered in auckland, new zealand, and regulated by the UK's FCA and australia's ASIC. Client funds are held in segregated accounts.

Company information

Company name fxopen NZ limited

Head office auckland, new zealand

Incorporation date 2005

Regulators

Australia AFSL no. 412871

Nevis nevis no. C 42235

UK FCA no. 579202

Fxopen alternatives

Are you looking for an alternative to fxopen? Compare fxopen against each of the following brokers and make an informed decision.

Fxopen review

Fxegypt

Fxopen.Com is the nevis branch of fxopen.

The australian branch is at fxopen.Com.Au. The UK branch is at fxopen.Co.Uk

Also known as:
forexbrazilian.Com, fxopen.Ae, fxocnmarkets.Com, fxislamic.Com, fxfrench.Com, fxopengermany.Com, tradefxind.Com, fxmalay.Com, fxopen.Com.Mx, fxopenthai.Com, fxopentrading.Com.

Broker details

deposit methods:

bank wire, VISA, mastercard, epayments, fasapay, intellectmoney, JCB, local bank transfers, maestro, neteller, paytoday, perfectmoney, poli, qiwi, RBK money, skrill, unionpay, webmoney, yandex money

Live discussion

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Video

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Traders reviews

Length of use: over 1 year

Other brokers many of who are market makers will be trading against you and so you will have a difficult time in earning consistent profits with them.

When i make a cashout i am paid in under 3 hours and this is important as the rates of the BTC are moving very fast.

We are sorry to read about your negative experience with fxopen and understand your frustration.

At the moment fxopen markets limited offer commission free SEPA deposits. They are available in fxopen backend – https://my.Fxopen.Com

We would also like to stress that our offer still stands – commission free account for 6 months and reimbursement of all deposit related fees conversion fees included (if any).

We wish you a happy new year and we would be honoured to welcome you among our clients again.

So, let's see, what we have: is FX open a good forex broker? Read real reviews, by traders, for traders? Add your rating to the largest forex review database by forex peace army? At my fxopen