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FXOpen

Broker
Ratings
267
Traders
1.4 K
Trade
Overview
Reviews Publications

Reviews


uzayhhk

Their margin requirements is alot compare to trade nation and fusion markets

FXOpenBroker

Hello. Thank you for your feedback.
Please note that margin requirements depend on the leverage you select. For our UK and EU entities, leverage is also limited by regulatory requirements, which are stricter than in some other jurisdictions.
If you have any questions about how margin works or would like help optimising your settings, please feel free to contact our support team.
Best regards,
FXOpen

MORSTY

Ease of Use, good color palettes, excellent analysis tools well integrated brokers.

FXOpenBroker

Hello. Thank you for your 5-star review! We're glad you're enjoying our services. Your feedback motivates us to keep improving. Happy trading!

karatedog

tl;dr: Forget this broker. Their onboarding process is completely broken, I was presented multiple different pages when navigating on my own vs. navigating links the support sent me, then they re-requested most of my data through email. The registration process took 5 days. Their pricing is confusing, I spent hours with their support, sending link back and forth of THEIR own webpage, and then support sent me a different page, with different information. Their webpages along with the information are in ruins, they couldn't even spell the Tiers right (I notified support of the "Standart"). They will happily show you 1:100 leverage in their calculator, even if you are on their European pages where leverage is capped at 1:30. Then the calculator will calculate using 1:30 (while showing 1:100). Then support informed me they use 1:100 even if the calculator uses 1:30. Then they apologized an took that back. While this is a retail broker, their S&P500 pricing is weird as 1 lot costs x100 of the index point. They offer 0.01 lots along with 1:20 leverage but that means to enter by the smallest possible lot size with US500, you need 250-300 USD, which, compared to other retail brokers are way high. Also, this broker operates since 2003 and they don't offer deposit option with credit/debit cards, only "Easy Bank Transfer". Support responded "they are looking into other options".

FXOpenBroker

Hello. Thank you for your detailed review. We sincerely apologize for the inconvenience you’ve experienced and truly appreciate you bringing these issues to our attention.
We value your feedback and take these matters seriously. If you’d like, please contact us at tradingview@fxopen.com with your account details so we can investigate and address your concerns directly. Your satisfaction is important to us, and we’re committed to improving your experience.
Best regards,
FXOpen

golden336

good broker. over 10 years without withdrawal problem. spread very competitive

FXOpenBroker

Hello. Thank you for your 5-star review! We're glad to hear that you've had a great experience with us for over 10 years, with no withdrawal problems and competitive spreads. Your satisfaction is our priority. Best of luck with your trading!

zebraa

One of the best experiences so far is going on, I used other broker but I have to back to FXOpen, because they offer low spread and best withdrawal conditions for me.

FXOpenBroker

Hello. Thank you for your fantastic review! We're thrilled to hear that you're having one of the best experiences with FXOpen and that our low spreads and favorable withdrawal conditions meet your needs. Happy trading!

larafab

I recently started trading with FXOpen and am satisfied with their commissions and spreads. Additionally, they offer educational resources, which have been helpful.

FXOpenBroker

Hello. Thank you for your 5-star review! We're pleased to hear that you're satisfied with our commissions, spreads, and educational resources. It's great to know that our offerings are helping you in your trading journey. Best of luck with your trading!

lelechka777

My strategy is scalping and instant execution and tight spreads for the EUR/USD pair are very important. The broker provides these conditions. Convenient personal account, withdrawal without problems, convenient trading using the Tradingview platform.

FXOpenBroker

Hello. Thank you for your detailed 5-star review! We're glad to hear that our conditions support your scalping strategy, especially with instant execution and tight spreads for the EUR/USD pair. Best of luck with your trading!

syomking76418

The broker is good enough. Trading conditions are satisfactory. I would like to see more opportunities for traders from Ukraine in the future. First of all, to withdraw not large sums of money to the card.

FXOpenBroker

Hello. Thank you for your feedback and for sharing your it with the community! We're glad to hear that you find our trading conditions satisfactory. We appreciate your suggestion for more opportunities for traders from Ukraine. We'll certainly consider this for future improvements.
Best regards,
FXOpen

Shah_90

i have been using this broker for time, now after being using them for a time, i can say that the spread is not matchable. On ECN account i do trading and spread on EURUSD is quite low.

FXOpenBroker

Hello. Thank you for your review! We're glad to hear that you've had a positive experience with our broker. It's great to know that you find our spreads, especially on the EURUSD pair in your ECN account, highly competitive. Your satisfaction is our priority.
Best regards,
FXOpen

Funny_Cat

FXOpen is my broker. I am satisfied with the speed of transactions and the availability of all assets. The withdrawal process is easy and clients support is available.

FXOpenBroker

Hello. Thank you for sharing your experience and for giving us a 5-star rating! We're delighted to hear that you are satisfied with FXOpen as your broker - best of luck with your trading!

comprehensiveS94443

Excellent broker, with tight spreads and helpful, knowledgeable customer support.

FXOpenBroker

Hello. Thank you for your 5-star review! We're thrilled to hear that you find FXOpen an excellent broker. Providing competitive spreads and outstanding customer service are core to our commitment to our traders. Happy trading with FXOpen!

About FXOpen


Founded
2005
Headquarters
United Kingdom

Frequently Asked Questions


No, FXOpen doesn't provide a demo account.
No, FXOpen doesn't offer Level 2 data to its clients.

Level 2 is a subscription-based service that offers real-time access to the exchange’s order book. It gives traders and investors a detailed view of market depth and momentum, helping them make more informed and strategic trading decisions.
Brokers provide access to financial markets and execute trades. They act as intermediaries between traders and exchanges, providing the necessary infrastructure and tools to place buy and sell orders. They offer services such as order execution, market access, research, analysis, and customer support. Additionally, brokers facilitate the use of leverage, margin trading, and help ensure regulatory compliance, providing traders with a secure environment to trade effectively. Without brokers, individual traders would struggle to access markets and execute trades efficiently.
Leverage is a mechanism that allows traders to open larger positions with a smaller amount of capital. It basically means borrowing funds from a broker, often multiplying your position size by 5x, 10x, or more. For example, with 5x leverage, a $100 deposit could open a $500 trade with your broker lending you $400 you don't have. It's a popular technique, but remember that while leverage increases potential profits, it also magnifies losses, which is why it's essential to learn how to manage risks.

It's always worth preparing for trades before actually executing them. On TradingView, you can do this with our Paper Trading functionality.
A broker's rating on TradingView is based on its clients' reviews. We ensure broker ratings reflect real user experiences by allowing reviews only from verified TradingView users with active linked accounts. Recent ratings carry more weight, providing up-to-date insights for informed decisions. This approach promotes transparency and prevents manipulation. Make sure to rate your broker to help it improve its service and assits other users in their choice.
No, you can't place bracket orders with FXOpen.
An order is an instruction for a broker to execute a trade - buy or sell an asset on behalf of a trader. Depending on your strategy, risk tolerance, and market condition, different kinds of orders can be more or less effective, let's see the basic ones.
- Market order. It's a basic type designed to buy or sell an asset immediately at the next price available
- Limit order. Specifies the maximum (for buying) or minimum (for selling) price at which a trader is willing to execute a trade. It's only executed if the price reaches the preset level. There are buy and sell limit orders - they're set to buy/sell an asset at or below/above a certain price
- Stop order. Triggered when an asset moves above or below a certain price level, always executed in the direction that the price is moving. There are stop-loss orders (automatically closes a position at a certain level if the market moves against you) and (initiates a trade when the price breaks a certain level)
Successful trading requires thorough preparation, ensuring every decision is well-informed and carefully considered. To develop a winning strategy, follow these key steps:
- Find the right asset using our screeners and heatmaps. Explore the stock market with the Stock Screener, track cryptocurrencies on the Crypto Coins Heatmap, and more tools to fin in the main menu
- Analyze price movements on our Supercharts. Utilize multiple drawing tools, built-in indicators, and advanced features to gain deeper market insights
- Stay on top of market changes with the Economic Calendar and the latest news, helping you quickly adapt to shifting conditions
- Test your strategy in a risk-free environment with a Paper Trading account to see how it performs before committing real capital
- Choose a broker and start your trading journey with confidence once you have a clear strategy in place
Margin trading means an investor buying an asset by borrowing the balance from a broker. It allows traders to increase their buying power, enabling larger positions with less upfront capital. While it can provide greater market exposure with less capital and amplify potential gains, it also comes with increased risks:
- Increased risk of losses, including exceeding initial investment
- Interest costs on borrowed funds
- Potential for margin calls requiring additional deposits
Make sure to analyze an asset thoroughly and test your strategy on a Paper Trading account to ensure you're ready to navigate these risks.
Commissions in trading are fees that brokers charge for executing trades on behalf of traders. These costs help brokers maintain their platforms, provide essential services, and ensure smooth access to financial markets.

Understanding commission structures is essential for traders, as fees can impact overall profitability. Choosing a broker with competitive rates and transparent pricing ensures cost-effective trading.