Score
FXOpen
Hong Kong|2-5 years| https://www.fxopen.hk/en/
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Hong Kong
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskUsers who viewed FXOpen also viewed..
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Sources
Language
Mkt. Analysis
Creatives
WikiResearchWebsite
Most visited countries/areas
Russia
fxopen.ru.com
Server Location
United States
Most visited countries/areas
Website Domain Name
fxopen.ru.com
Website
WHOIS.GODADDY.COM
Company
GODADDY.COM, LLC
Domain Effective Date
1996-02-05
Server IP
104.22.5.180
-
fxopenthai.com
Server Location
United States
Website Domain Name
fxopenthai.com
Website
WHOIS.NAME.COM
Company
NAME.COM, INC.
Domain Effective Date
2015-10-06
Server IP
104.27.148.165
-
forexbrazilian.com
Server Location
United States
Website Domain Name
forexbrazilian.com
Server IP
172.67.180.128
Company Summary
| FXOpenReview Summary | |
| Founded | 2010-01-22 |
| Registered Country/Region | Hong Kong |
| Regulation | Unregulated |
| Market Instruments | Forex, Stocks, Indices, Commodities and Cryptocurrencies |
| Demo Account | ✅ |
| Leverage | Up to 1:1000 |
| Spread | As low as 0 |
| Trading Platform | MT4, MT5, TickTrader, TradingView |
| Min Deposit | $1 |
| Customer Support | Phone:English +64-9-801-0123Chinese (Simplified) +852 5808 2427Chinese (Simplified) +(61)2 8226 8628French +33-979-998-040German +49-693-329-6294Russian +7-499-346-0960 |
| Email:support@fxopenasia.comsales@fxopen.com | |
| Social Media:Twitter: https://twitter.com/FXOpenBrokerFacebook:https://www.facebook.com/FXOpenCompanyLinkedin:https://www.linkedin.com/company/fxope | |
FXOpen Information
FXOpen is an unregulated broker that offers a variety of trading instruments including forex, stocks, indices, commodities, and cryptocurrencies. FXOpen has launched 4 trading account types, namely ECN, STP, CRYPTO, and MICRO. FXOpen sets spreads and commissions starting from 0 yuan, with a minimum deposit of $1 and a maximum leverage of 1:1000 equity.
Pros and Cons
| Pros | Cons |
| Leverage up to 1:1000 | Unregulated |
| Spreads as low as 0 | Commission of $1.5 per lot |
| Demo account available | More negative reviews on withdrawals |
| Various trading Instruments: forex, stocks, indices, commodities and cryptocurrencies | Inaccessible official website |
| Multiple account types: ECN, STP, CRYPTO, and Micro | 24/5 customer support |
Is FXOpen Legit?
FXOpen is not regulated, even though it claims to be regulated by CySEC and the license number is 194/13.
What Can I Trade on FXOpen?
Forex, shares, indices, commodities, and cryptocurrencies are tradable instruments of FXOpen.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Shares | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ✔ |
| ETFs | ✔ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
FXOpen has 4 types of accounts: ECN, STP, CRYPTO, and MICRO. These accounts set different trading thresholds suitable for novice to professional traders. Novice traders can train through demo accounts. The accounts offer floating spreads, minimum deposit from $1 to $100, and leverage ranging from 1:3 to 1:1000.
| Account Type | ECN | STP | CRYPTO | MICRO |
| Maximum leverage | 1：1000 | 1：500 | 1:3 | 1:500 |
| Minimum spread(pips) | Start from 0(float) | Float | Float | Float |
| Minimum deposit($) | 100 | 10 | 10 | 1 |
| Commission | Start from $1.5 | 0 | 0.5% per lot | 0 |
| Islamic account | Yes | Yes | No | Yes |
| Demo account | Yes | Yes | Yes | No |
| Stop Loss | 50% | 30% | 15% | 10% |
FXOpen Fees
ECN spreads are as low as 0 and commissions start from $1.5. STP, CRYPTO, and MICRO commissions are 0, 0.5% per lot, and 0 respectively. All accounts have floating spreads.
Leverage
The maximum leverage is 1:1000, which means that profits and losses are magnified 1000 times.
Trading Platform
FXOpen provides a variety of trading platforms, such as the more authoritative MT4 and MT5, FXOpen's proprietary platform TickTrader, and TradingView.
| Trading Platform | Supported |
| MT4 | ✔ |
| MT5 | ✔ |
| TickTrader | ✔ |
| TradingView | ✔ |
Deposit and Withdrawal
FXOpen's deposit methods include FasaPay and Advcash. FasaPay is commission-free on USD and IDR deposits, while Advcash charges 0.5% commission on EUR, GBP, and USD deposits.
FXOpens withdrawal methods include Paypaid, which charges a 2% commission for withdrawals in Thai Baht, FasaPay, which charges a 0.5% commission for withdrawals in USD and Rupiah, and Advcash, which charges a 0.5% commission for withdrawals in USD and EUR.
Customer Support Options
FXOpen offers 24/5 customer support. FXOpen provides contact information by phone, email, and live chat. In addition, you can learn about FXOpen through social media including Facebook, Twitter, and LinkedIn.
| Contact Options | Details |
| Phone | English+64-9-801-0123Chinese (Simplified)+852 5808 2427Chinese (Simplified)+(61)2 8226 8628French+33-979-998-040German+49-693-329-6294Russian+7-499-346-0960 |
| support@fxopenasia.comsales@fxopen.com | |
| Live Chat | ✔ |
| Social Media | Twitter: https://twitter.com/FXOpenBrokerFacebook:https://www.facebook.com/FXOpenCompanyLinkedin:https://www.linkedin.com/company/fxope |
| Supported Language | English |
| Website Language | English |
| Physical Address | Charlestown, Nevis PO. Box 590, Springates East, Government Road, Charlestown, Nevis |
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
Review 7
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FX7359315392
Bangladesh
Essentially it is not possible to withdraw anything from them. I feel it may well be arbitary towards me. I have offered settling the dispute by transferring my peak equity (approx. 6000 euro) since the blockage through a final SEPA transfer and then closing my account. But of course they really appear unable to process any withdrawals, other than offering me to move the money to moneybookers which would not then process the withdrawals to my bank account, but will charge fees.
Exposure
2021-09-03
Mayaz Ahmad
Bangladesh
i had managed once again to close most of my trades in profit on my Mt4 terminal account, but i noticed the trades i closed in profit on my mt4 terminal were left open on the fxopen platform. contacted their support and explained the situation and provided evidence which clearly show the mt4 account was running, and all most these trades closed in profit, they claimed my stp account expired which is absolutely false.
Exposure
2021-09-01
不过人间
Hong Kong
The customer service always asks to recharge, not to give money, either for this reason or for that reason for you to recharge
Exposure
2021-02-16
FX1275674666
United States
I like the fact that FXOpen offers both MT4 and MT5. However, safety is always my first consideration. Goodbye, FXOpen!
Neutral
2023-02-28
FX1727239306
New Zealand
The members area is great, very complete and I have many deposit methods available. The execution is very fast, I have never had a re quotation. I love the fact I have commission free withdrawals and I can do it as many times as I want. I would recommend it for beginners and also advanced traders, it is very complete!
Positive
07-10
FX1494149797
Cyprus
I use both MT4 and MT5 for my trades, and FXOpen’s integration of these platforms is seamless. I particularly enjoy using custom indicators and automated trading scripts which are supported brilliantly here.
Positive
06-18
FX1669530399
United States
A very transparent broker. The ease of doing business with them is second to none in the industry. Their deposit and withdrawal system is superlative. I deposited in the morning, did a few trades, made a huge profit and I withdrew seamlessly twice the same day. The withdrawn funds hit my account within minutes. This is excellent!
Positive
04-30