FXOpen Review 2026
Established in 2005
•
New Zealand
• FCA Regulated
FXOpen is a well-established broker with a solid 4.1/5 rating. Regulated by FCA (highest protection tier), this broker offers spreads from 0.5 pips on EUR/USD with a minimum deposit of $10. Trade 600+ instruments including forex, CFDs, and more.
📊 FXOpen Overview
FXOpen (FXOpen Ltd) is a well-established broker founded in 2005 headquartered in Auckland, New Zealand. The broker operates under the supervision of FCA , one of the world's most respected financial regulators known for strict oversight and investor protection .
With access to 600+ tradable instruments including 50 forex pairs , 45 cryptocurrencies , 400 stocks , and various indices, FXOpen caters to diverse trading strategies.
| Legal Name | FXOpen Ltd |
|---|---|
| Founded | 2005 |
| Headquarters |
Auckland, New Zealand
|
| Primary Regulation | FCA (Tier 1 - Highest Protection) |
| Instruments | 600+ assets |
| Min Deposit | $10 |
| Max Leverage | 1:500 |
📖 FXOpen — In-Depth Introduction
Since 2005, FXOpen has been serving traders worldwide, accumulating 21 years of expertise in the financial markets. Operating under the stringent oversight of FCA, FXOpen adheres to the highest regulatory standards in the industry. This tier-1 regulation means clients benefit from robust investor protection, including segregated accounts, negative balance protection, and access to compensation schemes. Targeting active traders and scalpers, FXOpen offers some of the tightest spreads in the market at 0.5 pips on EUR/USD.
Company Background
FXOpen (legally FXOpen Ltd) has been operating in the financial services industry for 21 years. Headquartered in Auckland, New Zealand, the company has weathered multiple market cycles including the 2008 financial crisis and the 2020 pandemic volatility, demonstrating operational resilience.
The broker provides access to 600+ tradable instruments.
💸 FXOpen Fees — Complete Cost Analysis
Trading costs at FXOpen are exceptionally competitive, placing this broker among the most cost-effective options available. With EUR/USD spreads averaging 0.5 pips, active traders can significantly reduce their transaction costs compared to the industry average. On ECN/Raw accounts, FXOpen charges $1.5 per lot round turn in addition to raw spreads. This transparent pricing model is preferred by many professional traders. To put this in perspective: trading 10 lots per month on EUR/USD at FXOpen's 0.5 pip spread would cost approximately $50 in spread fees alone. Compare this to an industry-average broker at 1.0 pips, where the same volume would cost $100.
Trading Costs Breakdown
💡 Cost Calculator: FXOpen
Non-Trading Fees
| Fee Type | FXOpen | Industry Average |
|---|---|---|
| Deposit Fee | Free | Free - $25 |
| Withdrawal Fee | Varies by method | $0 - $50 |
| Inactivity Fee | None | $10-50/month |
Want to compare fees with other brokers?
⚖️ Compare🛡️ Is FXOpen Safe? — Complete Security Analysis
With a Trust Score of 78/100, FXOpen demonstrates adequate safety standards for most retail traders. The broker maintains reasonable protections while balancing accessibility. Client funds at FXOpen are held in segregated accounts at top-tier banks, completely separate from the company's operational funds. This means even in the unlikely event of broker insolvency, your money remains protected and inaccessible to creditors.
Regulatory Framework
FXOpen is regulated by FCA.
Security Features Checklist
Understanding the Trust Score
Our 78/100 Trust Score is calculated using 15+ safety factors including regulation, company history, financial transparency, and client fund protection.
📋 Methodology👤 Who Should Use FXOpen?
✅ Best For
- Beginners will appreciate FXOpen's low $10 minimum deposit, free demo account, and educational resources. The learning curve is manageable, making it suitable for those just starting their trading journey.
- Scalpers and high-frequency traders should consider FXOpen for its 0.5 pip spreads and rapid execution. Every fraction of a pip saved adds up when executing dozens of trades daily.
- Muslim traders can benefit from FXOpen's swap-free Islamic accounts, which comply with Sharia principles. No interest is charged on overnight positions.
- FXOpen's copy trading functionality makes it ideal for passive investors who want market exposure without active management. Follow successful traders and replicate their strategies automatically.
❌ May Not Suit
- Those seeking the absolute lowest trading costs.
Looking for alternatives?
📝 The Bottom Line on FXOpen
FXOpen is a solid choice for most traders looking for reliability with a 4.1/5 rating.
📈 FXOpen Detailed Scores
Our expert team evaluates brokers across 8 key categories. Here's how FXOpen performed in our rigorous testing:
FXOpen offers a solid trading experience with competitive conditions.
💰 FXOpen Fees & Spreads
Understanding trading costs is crucial for profitability. FXOpen uses a Variable spread model with commissions of $1.5 per lot round turn. The average EUR/USD spread is 0.5 pips — one of the lowest in the industry.
📊 Typical Spreads
| Pair | Min | Average |
|---|---|---|
| EUR/USD | 0.5 | 0.5 pips |
| GBP/USD | 0.8 | 1.2 pips |
| USD/JPY | 0.6 | 1.0 pips |
| XAU/USD | 15 | 25 cents |
💳 Other Fees
| Commission (ECN) | $1.5/lot |
| Deposit Fee | Free |
| Withdrawal Fee | Free (method dependent) |
| Inactivity Fee | None |
| Swap-Free (Islamic) | ✓ Available |
💡 Trading Cost Example
Trading 1 standard lot (100,000 units) of EUR/USD with FXOpen:
- Spread Cost: 0.5 pips × $10/pip = $5.0
- Commission: $1.5 round turn
- Total Cost: $6.5 per lot
🛡️ FXOpen Regulation & Safety
FXOpen is regulated by FCA, a Tier 1 - Highest Protection regulatory authority. This means the broker must adhere to the strictest financial regulations, including capital requirements, regular audits, and mandatory investor protection schemes.
📜 Regulatory Licenses
- FCA 579202
- ASIC 412871
- CySEC 194/13
🔒 Safety Features
- ✓ Segregated Client Funds
- ✓ Negative Balance Protection
- ✗ Investor Compensation
- — Publicly Traded
🎯 Trust Score: 78/100
Moderate Trust: FXOpen meets industry standards for safety and regulation.
🖥️ FXOpen Trading Platforms
FXOpen offers 3 trading platforms, giving traders flexibility in how they access the markets. Mobile apps are also available for iOS and Android.
MetaTrader 4
The world's most popular forex platform. Ideal for beginners and algo traders with Expert Advisor support.
- ✓ Expert Advisors (EAs)
- ✓ Custom Indicators
- ✓ One-Click Trading
- ✓ Mobile & Desktop
MetaTrader 5
Advanced multi-asset platform with more timeframes, order types, and improved backtesting.
- ✓ 21 Timeframes
- ✓ Depth of Market
- ✓ Economic Calendar
- ✓ Multi-Asset Support
TradingView
Popular charting platform with social features and extensive technical analysis tools.
- ✓ Social Trading
- ✓ Pine Script
- ✓ Cloud-Based
- ✓ Paper Trading
📋 Platform Comparison
| Feature | MT4 | MT5 | cTrader |
|---|---|---|---|
| Available | ✓ | ✓ | ✗ |
| Copy Trading | ✓ | ✓ | ✓ |
| Algo Trading | ✓ | ✓ | ✗ |
| VPS Available | Not offered | ||
| API Access | Not available | ||
🌐 FXOpen Tradable Instruments
FXOpen offers access to 600+ tradable instruments across multiple asset classes. This includes 50 forex pairs , 45 cryptocurrencies , and 400 global stocks.
👤 FXOpen Account Types
FXOpen offers various account types to suit different trading needs and experience levels. Demo accounts are available for practice. Swap-free Islamic accounts are also available for Muslim traders.
Practice with virtual funds
Compliant with Sharia law
Not available
Not available
Replicate successful traders
💳 FXOpen Deposits & Withdrawals
FXOpen requires a minimum deposit of $10 — one of the most accessible in the industry.
📥 Deposit Methods
- 💳Credit/Debit Cards
- 🏦Bank Wire Transfer
- 📱E-Wallets (Skrill, Neteller)
📤 Withdrawal Methods
- 💳Credit/Debit Cards
- 🏦Bank Wire Transfer
- 📱E-Wallets
⚖️ FXOpen Pros & Cons
✅ Pros
- Ultra-low spreads from 0.5 pips on EUR/USD
- Top-tier FCA regulation ensures high safety standards
- Offers both MetaTrader 4 and MetaTrader 5 platforms
- Free demo account available for practice
- Low minimum deposit of just $10 makes it accessible
- Negative balance protection for retail traders
- Copy trading available for passive investing
- Swap-free Islamic accounts available
❌ Cons
- Limited educational resources for advanced traders
📚 FXOpen Education & Research
FXOpen's educational offerings are limited compared to some competitors.
Limited
Not available
Basic coverage
Available on trading platforms
🎧 FXOpen Customer Support
FXOpen offers customer support to assist traders with their queries.
⭐ FXOpen User Reviews
📝 User reviews will be displayed here. Share your experience with FXOpen!
Write a Review🏆 FXOpen — Our Verdict
FXOpen is a solid choice for most traders. With FCA regulation, 0.5 pips EUR/USD spreads, and a $10 minimum deposit, this broker is particularly accessible for beginners .
Best for: Scalpers and high-frequency traders , Safety-focused traders , Beginners with limited capital , Passive investors
⚠️ Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs with this provider. Consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.
❓ FXOpen — Frequently Asked Questions
Is FXOpen a safe and regulated broker?
Yes, FXOpen is regulated by FCA, which is a Tier 1 - Highest Protection regulatory authority. The broker also holds licenses from 2 additional regulators. Client funds are kept in segregated accounts with negative balance protection.
What is the minimum deposit at FXOpen?
The minimum deposit at FXOpen is $10. This is considered low and accessible for beginners.
What trading platforms does FXOpen offer?
FXOpen offers the following trading platforms:
- MetaTrader 4 (MT4) — The most popular forex trading platform
- MetaTrader 5 (MT5) — Advanced multi-asset platform
- TradingView — Popular charting and analysis platform
- Web Platform — Trade directly from your browser
- Mobile Apps — Available for iOS and Android
What are FXOpen's spreads on EUR/USD?
FXOpen offers EUR/USD spreads with an average of 0.5 pips. The broker uses Variable spreads. On ECN accounts, there's a commission of $1.5 per lot round turn.
How long do withdrawals take at FXOpen?
Withdrawal processing times at FXOpen depend on the payment method:
- E-wallets: 0-24 hours
- Credit/Debit Cards: 2-5 business days
- Bank Transfers: 3-7 business days
Does FXOpen offer a demo account?
Yes, FXOpen offers free demo accounts with virtual funds so you can practice trading without risking real money. This is an excellent way to test the platform and develop your trading strategy.
What is FXOpen's maximum leverage?
FXOpen offers maximum leverage of 1:500. However, note that leverage limits vary by region due to regulatory requirements:
- EU/UK/Australia: Up to 1:30 for major forex pairs (retail)
- Professional traders: Higher leverage may be available upon qualification
- Other jurisdictions: Leverage up to 1:500 may be available
Higher leverage increases both potential profits and potential losses.
Can I use FXOpen in ?
FXOpen accepts traders from . The broker operates under FCA regulation. Always verify current availability and applicable regulations on the broker's website.
Does FXOpen offer Islamic (swap-free) accounts?
Yes, FXOpen offers Islamic (swap-free) accounts that comply with Sharia law. These accounts do not incur swap charges for positions held overnight. Contact FXOpen's support to request an Islamic account.
What instruments can I trade with FXOpen?
FXOpen offers access to 600+ tradable instruments:
- 50 Forex currency pairs
- 45 Cryptocurrencies
- 400 Stock CFDs
- 10 Index CFDs
- 8 Commodities
