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FXOpen -

Score

2.56 /10
Danger

FXOpen

United Kingdom

10-15 years

Regulated in United Kingdom

Straight Through Processing (STP)

MT4 Full License

Global Business

New Zealand Financial Service Corporate Revoked

Suspicious Overrun

High potential risk

https://www.fxopen.co.uk/en/

Influence

C

Add brokers

Comparison

Quantity 4

Exposure

Open Account
Website

Score

Regulatory Index6.32

Business Index8.28

Risk Management Index0.00

Software Index9.90

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

Danger

ID BAPPEBTI
2022-02-02
Ministry of Trade Blocks 1,222 Illegal Commodity Futures Trading Websites
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Broker Information

More

Company Name

FXOpen Ltd

Company Abbreviation

FXOpen

Platform registered country and region

United Kingdom

Company website

X

Facebook

Instagram

YouTube

Linkedin

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 5
Previous Detection : 2025-04-30
  • The number of this brokers's negative field survey reviews has reached 3. Please be aware of the risk and the potential scam!
  • New ZealandFSPR (license number: 192685) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!

A Visit to FXOpen in UK -- Finding No Office

The investigators went to London, UK to visit the foreign exchange dealer FXOpen as planned. They did not find the dealer’s office on the publicly displayed address. The dealer might simply register the company at that address and did not have a real business place. Investors are advised to choose the dealer carefully.

Danger United Kingdom

WikiFX Verification

Exposure

4 pieces of exposure in total
Pyramid scheme complaint
Expose
Scam

Induce you into investing again

I’ve never changed the bank card which is bound to my wallet. And I’ve transferred successfully once. Why can’t I withdraw funds for the second time? Who can give me a reasonable explanation?

DONGMIANLE
2021-04-22 16:04
Scam

Scam

If the platform was under regulation, why did it require certification fee? It asked for identity certificate and other information. Then it continued to ask for more deposit. I was unable to withdraw the money.

KL K
2021-07-31 13:17
Unable to Withdraw

Scam u. Unable to withdraw

I can withdraw funds for the first time. But I haven’t withdrawn funds since then for wrong account. I was asked to pay margin but I still can’t withdraw funds on grounds of insufficient credit score. So I still need to pay 140,000 yuan.

DONGMIANLE
2021-04-22 08:10
Unable to Withdraw

Unable to withdraw. Is it a scam?

I used this platform via the net friend’s recommendation. You can withdraw funds for the first time but then you can’t. I was told that my bank card number was wrong so they froze my account. And I need to pay 24,212 to unfreeze my account or my funds would be deducted all along.

AQUANGUOQICHEWEIZHANG. SHAOTING
2021-03-10 22:20
Sources
Data Source WikiFX Data provide
Updated: 2025-04-30
FXOpen · Company summary
FXOpenReview Summary
Founded2010
Registered Country/RegionUK
RegulationFCA (regulated), FSPR (revoked), ASIC (suspicious clone)
Market InstrumentsCurrencies, Cryptocurrencies, Metals, Energies, Indexes, Shares, ETFs
Demo Account✅
LeverageUp to 1:30
SpreadFrom 0 pips
Trading PlatformMT5, MT4, TickTrader, TradingView
Minimum Deposit$300
Customer SupportLive chat
Tel: +44 (0) 203 519 1224 (8 am - 6 pm Lodon time)
Email: support@fxopen.co.uk
Address: 80 Coleman Street, London, EC2R 5BJ, United Kingdom
Social media: Instagram, YouTube, Twitter, Facebook, LinkedIn, Telegram
Regioal RestrictionsThe United States, Belgium

FXOpen was registered in 2010 in the UK, specializing in currencies, cryptocurrencies, metals, energies, indexes, shares, and ETFs trading. It provides four types of ECN accounts, with a minimum deposit of $300 and a maximum leverage of 1:30. More importantly, this company is regulated, and it provides various channels for customer support.

FXOpen's homepage

Pros and Cons

Pros Cons
RegulatedRegional restrictions
Demo accounts availableCommission fees charged
MT4 and MT5 supportedSuspicious clone ASIC license
Multiple channels for customer support
Diverse tradable assets
Long operation time

Is FXOpen Legit?

FXOpen is regulated by Financial Conduct Authority (FCA). However, its license was revoked by Financial Service Providers Register (FSPR), and it holds a suspicious clone Australia Securities and Investment Commission (ASIC) license. Traders should be aware of the potential risks!

Regulated AuthorityCurrent StatusLicensed EntityRegulated CountryLicense TypeLicense No.
Financial Conduct Authority (FCA)RegulatedFXOpen LtdUKStraight Through Processing (STP)579202
Financial Service Providers Register (FSPR)RevokedFXOPEN NZ LIMITEDNew ZealandFinancial Service Corporate192685
Australia Securities and Investment Commission (ASIC)Suspicious CloneFXOpen AU Pty LtdAustraliaMarket Maker (MM)000412871
Regulated by FCA
Revoked FSPR license
Suspicious clone ASIC license

What Can I Trade on FXOpen?

FXOpen provides several types of products, including currencies, cryptocurrencies, metals, energies, indexes, shares, and ETFs.

Tradable Instruments Supported
Currencies✔
Metals✔
Energies✔
Indexes✔
Shares✔
Cryptocurrencies✔
ETFs✔
Bonds❌
Options❌
Futures❌
What Can I Trade on FXOpen?

Account Type

FXOpen provides four types of ECN accounts: Basic ECN, Classic ECN, Advanced ECN, and Elite ECN. Besides, demo accounts and Islamic accounts are also available.

Account TypeMinimum DepositMaximum LeverageSpreadAccount Currencies
Basic ECN$3001:30Floating from 0 pipsGBP, USD, EUR
Classic ECN$1,000
Advanced ECN$25,000
Elite ECN$250,000
Account comparison

Leverage

The leverage can be up to 1:30. Traders need to consider carefully before investing, and it should be noted that high leverage is likely to bring high potential risks.

FXOpen Fees

FXOpen charges certain amount of commission fees, and fees vary based on instruments and accounts. Below are the details, with the Basic ECN Account in the first chart, followed by Classic ECN, Advanced ECN, and Elite ECN.

Commission FeeBasic ECN AccountClassic ECN AccountAdvanced ECN AccountElite ECN Account
Forex$3.50$2.50$1.80$1.50
CryptoFrom 0.08%From 0.05%From 0.03%
Index❌❌❌❌
Commodity0.005%0.0025%0.0018%
Shares0.1%

Trading Platform

FXOpen uses MT4, MT5, TickTrader, and TradingView as its trading platforms.

Trading PlatformSupported Available Devices Suitable for
MT4✔PC, web, mobile, macBeginners
MT5✔PC, web, mobile, macExperienced traders
TickTrader✔PC, web, mobile/
TradingView✔PC, web, mobile, macBeginners
Trading Platform

Deposit and Withdrawal

FXOpen only supports bank tranfer. It does not charge fees for deposits, but it charges withdrawal fees.

Deposit Options Accepted CurrenciesMinimum Deposit Deposit Fees
Bank TransferAUD, CHF, GBP, USD, EUR300 AUD/CHF/GBP/USD/EUR❌
Withdrawal Options Accepted CurrenciesMinimum WithdrawalWithdrawal Fees
Bank TransferEUR50 EUR15 EUR
CHF50 CHF15 CHF
GBP50 GBP❌
USD50 USD30 USD
AUD50 AUD30 AUD
Deposit
Withdrawal

News

NewsFXOpen Offers Commission-Free Trading

Forex brokers around the globe are starting to offer commission-free trading services, and FXOpen is the newest broker to join in this bandwagon.

WikiFX
2023-01-18 16:07
FXOpen Offers Commission-Free Trading

NewsFXOpen Introduces No-Commission Trading

FXOpen, a worldwide forex and CFD broker, has announced the launch of commission-free trading.

WikiFX
2023-01-17 13:38
FXOpen Introduces No-Commission Trading

NewsCrude Oil Futures: Further upside in the pipeline

Considering preliminary readings from CME Group for crude oil futures markets, traders added around 25.3K contracts to their open interest positions on Tuesday, reaching the second daily build in a row. In the same line, volume, reversed two pullbacks in a row and went up by around 188.5K contracts.

WikiFX
2022-01-26 14:34
Crude Oil Futures: Further upside in the pipeline

News5 top growth stocks that grew over 1,000% in the last 10 years

Alice Guy investigates the top growth stocks over the last ten years. Which investments a decade ago might have made you a millionaire?

WikiFX
2021-12-15 11:32
5 top growth stocks that grew over 1,000% in the last 10 years

NewsFXOPEN MAKES TICKTRADER AVAILABLE TO ALL CLIENTS AFTER SUCCESSFUL ONE-YEAR TRIAL

The platform provides a high level of customization, the true depth of market, quality liquidity, and trade execution, with each tool being designed with FXOpen’s customers in mind.

WikiFX
2021-12-13 17:39
FXOPEN MAKES TICKTRADER AVAILABLE TO ALL CLIENTS AFTER SUCCESSFUL ONE-YEAR TRIAL
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User comment

5

Comments

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FX1059419588
more than one year
I’ve been trading with FXopen for couple of months now, and my trading experience has been pretty good. Their customer support is very responsible, for instance, once I had some issues with my account registration, their support team resolved it quickly for me… I’ve made several deposits and withdrawals successfully, and have been using a leveraged MT4 ECN account satisfyingly. ⭐ ⭐⭐⭐⭐would recommend FXOPEN.
I’ve been trading with FXopen for couple of months now, and my trading experience has been pretty good. Their customer support is very responsible, for instance, once I had some issues with my account registration, their support team resolved it quickly for me… I’ve made several deposits and withdrawals successfully, and have been using a leveraged MT4 ECN account satisfyingly. ⭐ ⭐⭐⭐⭐would recommend FXOPEN.
Translate to English
2022-11-25 15:31
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FX1217728940
more than one year
FXopen is a reliable broker that I have been using for years. Narrow spreads and stable MT4 trading platform are the main reason that i trade with this broker most. BTW, they also process your withdrawals patiently and quickly.
FXopen is a reliable broker that I have been using for years. Narrow spreads and stable MT4 trading platform are the main reason that i trade with this broker most. BTW, they also process your withdrawals patiently and quickly.
Translate to English
2023-02-21 21:16
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0
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