Rating: ★★★★★ 4.7/5 FSC Mauritius, ECN Accounts Broker’s Website Updated: Oct 20, 2025
Broker Review

FXOpen Forex Broker Review and Traders’ Feedback

$1
Min. Deposit
1:500
Max Leverage
20+
Years in Markets
24/5
Support

Instruments

  • Forex pairs
  • Metals
  • CFDs (indices, stocks, commodities)
  • Cryptocurrencies

Payment Methods

  • Visa / Mastercard
  • Neteller, Skrill, Qiwi, Perfect Money, WebMoney
  • Bank transfer, Crypto

Account Types

  • Standard
  • ECN
  • STP
  • Crypto
  • Micro (Cent)
  • Islamic
  • Demo

Platforms

  • TickTrader Web / Desktop / Mobile
  • MetaTrader 4 · MetaTrader 5
  • FXOpen WebTrader

Company & Contacts

Registered location: Nevis FXOpen Markets Ltd
Address: P.O. Box 590, Springates East, Government Road, Charlestown, Nevis
Website: fxopen.com

Facts & Features

Base currency: USD
Founded: 2005
Contests: No
PAMM accounts: Yes
Copy trading: MyFXbook, ZuluTrade
Swaps: Yes
Minimum order: 0.01 lot
Licenses: ASIC (AFSL 412871), FCA (579202), CySEC (194/13), FSC Mauritius, FSCL (NZ), The Financial Commission
Mobile trading: Available

FXOpen is a brokerage company offering clients a compelling service for trading on the Forex market. The official website is hosted at www.fxopen.com. The web resource is available in 14 languages, including Russian, English, Arabic, Chinese, French, and many more. Thanks to full Russian localization, FXOpen is popular in Russia and across other CIS countries. Today, the platform ranks among the most successful and fast-growing brokers worldwide.

The company operates across most regions and continents, with the exception of the United States. Providing brokerage services in the U.S. is extremely difficult due to strict regulatory requirements. In this FXOpen review, we will look closely at its services and trading conditions and answer the question: “What is FXOpen focused on today?”

2. FXOpen Company History

While many sources cite 2005 as FXOpen’s founding year, the company’s roots go back to 2003, when it started as a Forex education center. In 2005, the founders redirected the business toward brokerage services — a timely decision, given the strong demand for reliable brokerage in Russia at that time.

Over the years, FXOpen has opened numerous offices around the globe. Today, FXOpen’s geography spans primarily Asia, Australia, and Europe. Notably, a broker cannot legally operate within the European Union without proper regulators and licenses. FXOpen holds certificates from:

  • FCA (Financial Conduct Authority, United Kingdom)
  • ASIC (Australian Securities and Investments Commission)
  • FSC Mauritius (Financial Services Commission, Mauritius)
  • CySEC (Cyprus Securities and Exchange Commission)
  • FSCL (Financial Services Complaints Limited, New Zealand)
  • The Financial Commission

As of 2025, FXOpen Markets Ltd operates under the FSC (Mauritius) license, consolidating global client operations outside the UK and EU. The FCA remains one of the world’s most reputable regulators based in London, providing FXOpen the right to serve European clients under strict financial standards.

3. Trading Conditions at FXOpen

FXOpen has been delivering financial services for more than 15 years. During this time, the offering has expanded to include a variety of account types, technologies, platforms, and instruments. As of 2025, FXOpen offers over 70 assets, including:

  • Cryptocurrencies
  • Currency pairs
  • Metals
  • CFDs on indices, stocks, commodities, and precious metals

In addition to trading these instruments, every client can invest via PAMM accounts. A PAMM account is a trading account where managers trade investor funds for a share of profits. FXOpen’s trader ranking makes it easier to analyze and choose a suitable manager.

ECN Account

FXOpen positions itself among the first to bring ECN technology to MetaTrader 4. ECN accounts allow you to trade directly with other market participants. Orders are processed in real time, and matching prices are filled automatically without intermediaries. FXOpen charges a commission of $1.5 per lot, which is significantly lower than a standard account. The minimum deposit is $100, with leverage up to 1:500 and market execution.

STP Account

The STP account is similar to ECN. Orders are routed straight to liquidity providers without a dealing-desk intermediary. FXOpen forwards orders to a dealing center and earns from the spread difference. Orders are executed on the real market. The minimum trade size is 0.01 lot, the minimum deposit is $10, leverage up to 1:500, market execution, and floating spreads.

Crypto Account

For cryptocurrency enthusiasts, FXOpen provides a dedicated Crypto account with major coins, including Bitcoin, Litecoin, Ripple, Bitcoin Cash, Ethereum Classic, and more. Conditions: leverage up to 1:10, minimum deposit $25, floating spreads, market execution, and minimum trade size of 0.01 lot.

Micro Account

The Micro (cent) account suits traders with smaller capital or those who want to test real-market strategies without risking much. Minimum deposit is just $1, minimum trade size 0.1 micro-lot, non-fixed spreads, instant execution, leverage up to 1:500. Note: scalping is not available on the cent account.

CFD Trading

Clients can also trade CFDs (available on ECN accounts in MetaTrader 4 and TickTrader). A CFD is an agreement to exchange the difference between the opening and closing price of an underlying asset. For example, with an oil CFD, you don’t own the oil — you speculate on price movements. FXOpen offers floating spreads from 0 pips, near-instant execution, and ECN technology for CFDs.

General trading conditions: Margin Call / Stop Out — 20% / 10%.

Account base currencies / funding options include: EUR, USD, AUD, GBP, JPY, as well as crypto options like ETH, LTC, DASH, and BTC.

Deposits & withdrawals: e-wallets (Neteller, Qiwi, Skrill, etc.), bank transfer, debit cards, and credit cards.

Open your free FXOpen account and trade on competitive terms.

4. Trading Platforms at FXOpen

FXOpen offers several platforms. The most famous is MetaTrader 5 — now the main platform for new accounts. MT5 combines fast execution, advanced analytics, and support for expert advisors. MetaTrader 4 remains available for legacy users, while TickTrader has become the broker’s flagship multi-asset platform. It supports ECN, STP, and Crypto accounts across desktop, web, and mobile.

5. Forex Education with FXOpen

FXOpen does not offer a full-fledged training course — this is arguably the broker’s main educational drawback. That said, beginners can still find helpful materials: introductory Forex articles, market analytics, and a news section for fundamental analysis. There is also an economic calendar with the most anticipated events.

6. Earning with FXOpen

There are multiple ways to earn with FXOpen services. The primary one is independent trading: low commissions, broad market access, and both technical and fundamental tools are available. Investors can also use PAMM accounts (managed by experienced traders for a performance fee). Finally, automated / copy trading is supported through MetaTrader 5 and TickTrader with Myfxbook or ZuluTrade, where you can copy trades automatically.

7. Careers at FXOpen

FXOpen vacancies periodically appear on job platforms. Positions may include finance, analytics, development, and customer support. With offices in multiple regions, talented candidates are always in demand.

8. FXOpen Demo Account

Beginners can open a demo account to practice with virtual funds under real-market conditions. This helps avoid risking capital while learning or testing strategies. Execution and trading conditions on demo are designed to closely mirror live trading.

To open a demo, fill out the form on the official website. You will receive login credentials and a server name by email. Install the trading platform and log in to your account to get started.

9. Bonuses at FXOpen

As of 2025, FXOpen no longer offers no-deposit or welcome bonuses. The focus has shifted toward loyalty and rebate programs for active traders. Clients can still participate in various trading contests and cashback campaigns available via TickTrader and FXOpen Partners.

10. FXOpen Partnership Program

FXOpen offers several partnership options. The most common is the standard referral program: you attract clients and receive rewards based on their trading volume (three-tier structure). A Forex Rebate model is available for partners working with higher-capital clients — it pays more but does not use multi-level tiers. There are also custom partnership terms for opening an official FXOpen representative office or building a branded brokerage using FXOpen technologies.

11. Conclusion

FXOpen delivers a wide range of services and platforms, competitive trading conditions, PAMM accounts, and a multi-language website. As of 2025, the company operates under reliable global regulation (FCA, ASIC, CySEC, FSC Mauritius) and continues to strengthen its position as a transparent, technology-driven broker for traders worldwide.

John Smith
Written by:John Smith
Contributor
Sagar Dua
Fact-checked by:Sagar Dua
Cryptocurrency and stock expert
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  • This commment is unpublished.
    · 1 months ago
    FXOpen is decent, but not perfect. The spreads are fine most of the time, but I’ve noticed some widening during big news events. Their website feels a bit dated, and customer support isn’t always quick. It’s a legit broker, just not the most modern or beginner-friendly one.
    • This commment is unpublished.
      · 11 days ago
      @Kevin I’ve had a similar experience with FXOpen as well. The broker is solid and execution is generally good, but the whole setup definitely feels a bit old-school compared to what newer platforms offer. Spreads are okay during normal hours, but during major news releases they can widen enough to ruin tight-stop strategies. Support gets back to you eventually, but it’s not the fastest or most detailed. Overall, it’s a trustworthy broker, but if someone wants a very polished interface or beginner-friendly tools, there are smoother options out there.
  • This commment is unpublished.
    · 1 months ago
    I’ve been with FXOpen for about a year, and I like how transparent their trading conditions are. ECN accounts have tight spreads, execution is fast, and deposits/withdrawals are smooth. I use MT4, and it’s been stable the whole time. Overall, a trustworthy broker if you’re looking for solid execution without gimmicks.
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