FXOpen

General Information & Regulation

FXOpen EU is a trading name of FXOpen EU Ltd. FXOpen EU Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 194/13. FXOpen EU offers retail and professional trading available markets including forex intruments, indices, commodities, shares, etc through popular MT4 & MT5 trading platform.

Market Instruments

FXOpen provides investors with access to popular tradable instruments on the financial markets, including Forex (major, minor, and emerging currency pairs), indices, commodities, stocks, cryptocurrencies.

• Forex - Trade over 50 majors, minors, and exotic currency pairs including CBP/USD and EUR/GBP

• Indices-Trade nine global indices including FTSE 100, DAX 40 and S&P 500

• US Shares- Invest in leading US companies via CFDs such as Amazon and Apple

• Commodities-Speculate on five commodity CFDs such as crude oil, gold and Ripple

• Cryptocurrencies- Speculate on five commodity CFDs such as Crude oil, Gold and Silver

• ETFs-Speculate on the performance of a group of share baskets and diversify your exposure within a certain sector or region

Account Types

Two account options are offered at FXOpen platform. The minimum deposit for both accounts is 300 USD/300 EUR, slightly higher than most brokers' initial deposit requirements.

Demo Accounts Available

FXOPEN offers a free demo account on any of the three platform options. You can sign up for the demo account prodile via the broker's homepage.

You can access up to $1,000,000 in virtual funds to trade risk-free and test the platform environment.

The ECN or STP demo server will remain accessible as long as you log in each month. You can then upgrade to a live real-money account when you're ready.

Leverage

Leverage is 1:30 for major currency pairs, 1:20 to 1:30 for minor currency pairs, 1:20 for emerging currency pairs, 1:20 for indices, 1:10 to 1:20 for commodities, 1:5 for stocks, and 1:2 for cryptocurrencies. The difference lies in that ECN accounts can trade currencies, cryptocurrencies, stocks, metals, energies, and index CFDs, while STP accounts can trade only currencies and metals CFDs.

Spreads & Commissions

The main spreads on Forex are 0.2 pips minimum for EURUSD, 0.3 pips minimum for GBPUSD, and 0.3 pips minimum for AUDUSD. Commissions are charged at $3.5 per lot for Forex transactions up to $1000, $2.5 per lot for $1000-$25,000, $1.8 per lot for $25,000-$250,000, and $1.5 per lot for trades over $250,000. The main spreads of the indices: 2.4 pips for the UK 100, 0.9 pips for the U.S. Hakko Tech 100, and 1.7 pips for the Wall Street 30 (Mini). 0.0075% commission for index products trading below $1000, 0.005% commission for $1000-$25,000 and 0.005% commission for greater than $25,000. Major spreads for commodities: 0.31 pips for XAUUSD minimum, 0.02 pips for XGUUSD. Major spreads on stocks: 2.65 pips on Tesla, 0.45 pips on Appl, 0.86 pips on Facebook, 0.01% commission on stocks. Bitcoin has a minimum spread of 62.6 pips with a commission of 0.5% per side.

Trading Platform

FXOpen offers traders the current market-leading and popular MT4 and MT5 trading platforms and VPS and FIX API.

Deposit & Withdrawal

FXOpen offers its users a variety of safe and convenient deposit and withdrawal channels, mainly wire transfer, which supports EUR/USD/GBP with a minimum deposit of 300 EUR/USD/GBP and a minimum withdrawal of 50 GBP/EUR/USD. There is no commission for the wire transfer deposit, but a commission of 15 GBP/EUR/USD30 is required for withdrawal. Besides, Visa/MasterCard is also supported, and this method supports EUR/USD/GBP, the minimum deposit is 50 EUR/USD/GBP, the maximum amount is 10,000 EUR/GBP/USD.

Trading Hours

Trading hours for forex, indices, and commodities run from 22:00 on Sunday to 22:00 on Friday (UK time). All crypto instruments are tradable 24 hours a day, 7 days a week.

Accepetd Regions

FXOpen accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries. Traders can not use FXOpen from Belgium, Japan, United States.

Pros & Cons

Frequently Asked Questions

What leverage is available at FXOPEN？

Maximum leverage varies depending by trading entity. UK and EU investors can utilize leverage up to 1:30 and global investors can apply for leverage up to 1:500. You can change margin within your client order. Ensure you have risk management strategies in place if trading with high leverage.

Is FXOPEN suitable for beginners？

FXOPEN is suitable for both beginners and experienced traders, with a low minimum deposit requirement and access to educational content.

What financial markets does FXOPEN provide？

You can trade on indices, Forex, Commodities, ETFs, Shares, and Cryptocurrencies.

What live trading accounts does FXOPEN provide ？

FXOPEN offers two types of trading accounts: STP & ECN.

Does FXOPEN offer demo accounts？

Yes, demo accounts are available with FXOPEN.