Item: FXOpen
Rating: 6.3

Broker News

CySEC Suspends Voting Rights of FXOpen Shareholder Following His Arrest Oct 31, 2024

FXOpen's sole shareholder, Aliaksandr Klimenka, is currently facing several charges in the U.S. with money laundering conspiracy and operating an unlicensed money services business.

FXOpen's FY22 Revenue Up 5.5%, Loss Narrowed Jan 16, 2024

The broker reported a turnover of £645,643 and a net loss of £338,651.

Malaysian SC Adds FXOpen to Its Investor Alert List May 23, 2022

In an alert on May 18, the Securities Commission Malaysia (SC) has added three forex brokers to its Investor Alert List.

Account Type

7.0

Good

Features

Trading Platforms

MT4, MT5

Min Deposit

300 USD/ 300 EUR/ 300GBP

Max Leverage 1 : 500

Min Trade Volume

0.01 Lots

Margin Call Level 100%

Stop Out Level 50%

Commission

0 USD

Spread Type Variable Spread

Account Currencies

GBP, EUR, USD

Trading Instruments

CFDs, Forex/Currencies

Hedging

Scalping

NBP

Islamic

Deposit and Withdrawal

6.6

Average

Features

Company and Service

7.4

Good

Features

Profile

Headquarters Address

FXOpen 80 Coleman Street, London, EC2R 5BJ, UK

Founded 2003

Broker Type

STP, ECN

Time Zone GMT

Credit Profile No information

Trading Platforms

MT4

Mac, Windows, iOS, Android, Webtrader

MT5

Mac, Windows, iOS, Android

Contact

No Data

Others

Website Language

Chinese, English, Russian, Spanish

Customer Service By

Phone, Email, Live Chat, Facebook, Twitter, LinkedIn, WhatsApp

Supported Language

Chinese, English, Russian, Spanish

Related Complaints

Q&A

Reliable broker FXOpen?

Jeffy

Bahamas

Sep 04, 2024

ANSWER Dear Investor,Thank you for reaching out.FXOpen currently holds licenses from both the Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC). The FCA is a top-tier financial regulator known for its stringent regulations, including the requirement for brokers to set up segregated accounts. This makes FXOpen significantly more reliable compared to unregulated brokers.However, it is important to note that FXOpen previously held an Australian Financial Services (AFS) license from the Australian Securities and Investments Commission (ASIC). This license was canceled due to concerns about the adequacy of FXOpen's human resources to provide financial services and carry out supervisory arrangements. We recommend reading the official release for more details.In conclusion, investing requires extreme caution. Assessing a broker's reliability or credibility should involve considering various factors. It is always prudent to gather as much information as possible before risking real money.

Will FXOpen charge transaction fees if im not a local customer?

Ahmed Pip King

Laos

Feb 08, 2023

ANSWER FXOpen is a trading name of FXOpen Ltd, a registered company in England and Wales and is authorised and regulated by several reputable regulators, including the Financial Conduct Authority (FCA) under firm reference number 579202, Cyprus Securities and Exchange Commission (CySEC) under license No. 194/13 and the Australian Securities & Investments Commission (ASIC) under the AFSL No.412871. As for the question you asked, we would recommend that you check the broker's official website or ask the official customer service directly for a more accurate answer. For more details about this broker you can check our full FXOpen review.

Overall Score

6.3

95 Reviews

Cost 6.5

Platforms 6.6

Deposit & Withdrawal 6.6

Customer Support 6.5

Indicates the average level of Brokers

Keywords for selection

Fast Execution Deposit/Withdrawal Problems Reliable & Reputable Recommend Stable Server Connection Low Spreads Educational Materials Mobile Trading Supported Fast Deposit/Withdrawal Regulated & Licensed Trading Conditions Slippage Problems Satisified Good/Professional Customer Support Responsive Customer Support

95 Reviews Clear filter

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hrtgefd

Central African Republic

Trading on FXOpen often comes with heavy slippage—stop-loss orders don’t trigger properly. Withdrawals are slow, and support just says “system delay.”

Nov 17, 2025

Mengay

7-12 months STP Trading Account Japan

Deposit & withdrawal charges are too high. Spreads and execution time are perfect.

Sep 18, 2025

Lothar

7-12 months STP Trading Account New Zealand

Normal company, but there is room for improvement and development. I hope that the suggestions and wishes of clients will be treated with understanding.

Jul 29, 2025

Marcus

Over 3 years ECN Trading Account Singapore

After trading with them for 5 years i can say that this broker is Reliable and my orders get executed without any slippages.I am thankful to them because of the ECN trading conditions that they provide.

Feb 28, 2025

Edmund Edwards

Over 3 years Saudi Arabia

I've been trading with FXOpen for many years and their execution is fantastic. A highly trusted broker for me.

May 15, 2024

Okullo Robert

7-12 months Fiji Islands

Initially I started trading with other brokers but then swtiched to FXOpen.I have much experience with the Forex Brokers.I have made good profits with the companmy.Their trading technology is superior and the platform is worth trying,I think.

May 10, 2024

Pitso Johannes Pitso

7-12 months Argentina

I like the learning materials they have!!

Apr 26, 2024

destiny

1-3 years Singapore

FXOpen provides security with many regulations from all around the world, so why not?

Apr 24, 2024

dhafer

1-3 years Rwanda

Excellent company, withdrawal of money fast.

Apr 22, 2024

0-6 months Laos

I choose the broker after a long time of consideration,I had an interest in trading a few years ago but just started recently. Now I am at the testing stage. If there are any recommendations for a newcomer, I will be glad to hear. Thank you!!

Apr 15, 2024

1-10 of 95 comments

Rate and Review

fazli

Nov 04, 2022 Romania

If you lost pin code,request to support and when you answer the security question then you will recover it. I do it.

Mjaro

Dec 10, 2022 Poland

I opened an account in FXopen 2 months ago.All the comments here help me make the decision.Thank you guys! I can make sure that all said about this company is true.

Dennis Christoforidis

Nov 09, 2022 Malaysia

FXOpen is the best ECN broker I have traded with,its metatrader platform is very steady.I choose the broker because reliable trading is a must for me.

FXOpen

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