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FXOpen Review

FXOpen pioneered ECN Forex trading on MT4 as early as 2009. It is an international Forex broker headquartered in New Zealand and regulated by the FCA and AFSL.

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FXOpen (FXOpen.com) provides 2 execution formats:

  • Its ECN account allows you to trade up to 49 currency pairs, gold and silver from 0 pips on leverage up to 1:500. Commissions fall to $1.8 per lot for net deposits over $50,000, and just $2.5 per lot otherwise. This accounts supports all trading strategies and Expert Advisors including scalping, news trading and automated trading.
    FXOpen works with over 14 liquidity providers including Bank of America, Barclays Capital, Citi, Currenex, Deutsche Bank, Dresdner, HOTSPOT INST, JPMorgan, LavaFX, Morgan Stanley, Societe Generale, Standard Chartered, RBS, UBS and others.
  • In addition, FXOpen offers Micro and Standard accounts with initial deposits as low as $1. These accounts allow you to trade up to 28 currency pairs on fixed spreads and small minimum trade sizes. FXOpen acts as a market maker across these accounts.

Awards

FXOpen was awarded the title of "Best Forex Broker Australasia" by World Finance in 2011. In 2012, its ECN MT4 trading platform was named the "Most Popular Product" at the 9th Shanghai Money Fair.

Regulation

FXOpen (FXOpen.com) is headquartered in Auckland, New Zealand, and regulated by the FCA in the UK and the AFSL in Australia. Client funds are held in segregated accounts.

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Overview

  • Asset classes
  • # Currency pairs49
  • Forex
  • Gold and Metals
  • Oil and Energy
  • Commodities
  • Stocks
  • Indices
  • Bonds
  • Securities
  • Forex CFDs
  • Forex Futures
  • Forex Options
  • Demo account
  • Has a demo?
  • Demo size5000000
  • Time limitUnlimited

Trading platforms

  • Trading platforms
  • MetaTrader 4
  • MetaTrader 5
  • cTrader
  • Currenex
  • ZuluTrade
  • Copy trading
  • Mirror trading
  • Web or PC
  • Software download
  • No download
  • Mac friendly
  • Apps
  • Android
  • iPad
  • iPhone

Funding Methods

  • Deposits & Withdrawals
  • Bank transfer
  • Credit card
  • Debit card
  • Alipay
  • Bitcoin
  • Boleto
  • CashU
  • China UnionPay
  • DixiPay
  • FasaPay
  • FilsPay
  • MoneyGram
  • MTS
  • NetBanx
  • NETELLER
  • OKPAY
  • PayCo
  • Payeer
  • PayPal
  • paysafecard
  • Paysbuy
  • Payza
  • Paxum
  • Perfect Money
  • Przelewy24
  • Qiwi Wallet
  • Skrill
  • SorexPay
  • Ukash
  • WebMoney
  • Western Union
  • Worldpay
  • Yandex Money

Company

  • Company information
  • Legal nameFXOpen NZ Limited
  • HeadquartersAuckland, New Zealand
  • Incorporation2005
  • Regulators
  • Segregated accounts
  • AustraliaAFSL No. 412871
  • NevisNevis No. C 42235
  • UKFCA No. 579202

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