FXOpen (fxopen.com )

Leading STP Forex Broker since 2005. The Lowest Trading Cost with No Trading style restrictions.

FXOpen

FXOpen is an online Forex & CFD brokerage firm licensed by Australian ASIC and UK FCA.

☆Point – 2 of the very strict financial regulatory authorities in the world.

Since its foundation in 2005, the broker strives to offer 100% STP(Straight Through Processing) trading environment through all financial instruments including FX, CFDs and also Crypto-Currencies.

☆Point – FXOpen is rare broker where you can trade Crypto-Currencies along with Forex and CFDs.

Their advantage isn’t just the variety of trading symbols you can trade, but also how they are offered.

With STP execution for all symbols on FXOpen MT4, the broker never interferes clients’ trades or manipulates market prices.

And at the same time, the FXOpen’s MT4 is offered with 0.1 pip of spread(with only $3 per 1 lot commission). It is actually one of the lowest among our partnered brokers. (You can see the actual spread of FXOpen from here.)

*There are required minimum deposit amount to have the above conditions.

Traders of FXOpen are provided with the most “Fair” and “Low Cost” trading conditions.

FXOpen is a partner of ZuluTrade, an automated copy trading system provider where you can copy trades of professional traders and earn profits automatically.

Trading Info

  1. STP(Straight Through Processing) fair execution
  2. Low Cost of Trading
  3. ZuluTrade automated copy trading

The above 3 are the main advantages of FXOpen’s service.

FXOpen offers more than 70 symbols including Forex, CFD and Crypto-currencies through MT4.

The maximum leverage is 1:500 and the minimum average spread starts from 0.1 pip with only a few dollars of commissions.

As FXOpen offers STP trading environment, all kinds of trading styles are allowed except arbitrage.

☆Point – No regulatory issues or withdrawal issues are reported over the years.

If you are not making profits with the FXOpen’s competitive conditions, ZuluTrade will let you copy profitable trades from the list of Professional traders.

Pros & Cons of FXOpen

Service Details

Service Details
CompanyFXOpen
(FXOpen Markets Limited)
Website fxopen.com
Regulation
Founded in2005 (12 years)
Offered Instruments
Business Model
Max Leverage500:1
USA clients Not Accepted
JPN clients Accepted
Country BaseState of Nevi
Headquaters PO box 590, Springates East, Government Road, Charlestown, Nevis
Supported Platforms

Support desk

Support desk
Phone number+64 9 801 0123
Service Hour24/5
Phone Support Available
Live Chat Available
Callback Available
Japanese Support Not Available
Telephone Order Available

Trading Accounts (4 accounts)

Here are the details of all Forex trading accounts of FXOpen.

TitleSTPMicroECNCrypto trading
Account TypeForexForexForexCryptocurrency
Trading PlatformMetaTrader 4 (MT4)MetaTrader 4 (MT4)MetaTrader 4 (MT4)MetaTrader 5 (MT5)MetaTrader 4 (MT4)
Minimum Deposit$10$1$100$10
Accout CurrencyCHFEURGBPGoldJPYRUBUSDUSDAUDCHFEURGBPGoldJPYmBTCRUBSGDUSDDashEthereum (ETH)EURGBPJPYLitecoin (LTC)mBTCRUBUSD
Execution TypeECNSTP
(Market)
ECNSTP
(Instant)
ECN
(Market)
ECN
(Market)
Leverage500:1500:1500:13:1
Spread TypeVariableVariableVariableVariable
Minimum Spreadfrom 0.7 pipsfrom 2.0 pipsfrom 0.1 pipsfrom 0.0 pips
Trading CommissionN/AN/AFrom $1.5 per Standard lot0.25% half-turn
Minimum Trading Lots0.010.1 microlots0.010.01
Maximum Trading Lots$1,000,000
Decimal Pricing5555
Margin Call %50%20%100%30%
Stop Out %30%10%50%15%
EA (Automated Trading)AllowedAllowedAllowedAllowed
ScalpingAllowedNot AllowerdAllowedAllowed
HedgingAllowedAllowedAllowedAllowed
News TimeAllowedNot AllowerdAllowedAllowed
PAMM/MAMAvailableAvailableAvailableAvailable
Islamic (Swap Free)OptionalOptionalOptionalN/A
Interest on MarginNoneNoneNoneNone

Free 123 USD

30 USD for Free

25 USD for Free

300 USD for Free

100 USD for Free

30 USD for Free

Partner brands

Hercules