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FXOpen review

FXOpen review: regulation (ASIC - AFSL 412871, FCA - 579202), minimum deposit $1, leverage up to 1:500, platforms and current bonuses.

3.8of 5
Open account
Minimum deposit$1
Max. leverage1:500
Spread from0.0 Pips
Founded2005

Trading conditions

Broker type
ECN
Minimum deposit
$1
Maximum leverage
1:500
Minimum spread
0.0 Pips
Platforms
MetaTrader 4 (MT4)
Account currencies
GBP,EUR or More

Bonuses

No deposit bonus
Yes
Welcome bonus
Yes
Other promotions
Yes

Accounts and features

Demo account
Yes
Islamic account
Yes
Swap-free
Yes
Mini account
Yes
VIP account
Yes
Managed account
Yes
Segregated funds
Yes
Hedging and scalping
Yes
News trading
Yes
Mobile trading
Yes
Web trading
Yes

Deposits and withdrawals

Deposit methods
Bank Wire Transfer, Netbanx, Local Bank Transfers, China Union Pay, Credit/Debit Cards, WebMoney, Neteller, Skrill, QIWI Wallet, Perfect Money, Payza, SorexPay, Yandex Money, FasaPay, IntellectMoney, Wallet One, Bitcoin, Litecoin, Namecoin, RBK Money, De
Withdrawal methods
Bank Wire Transfer, Local Transfer, Credit/Debit Cards, WebMoney, DixiPay, QIWI Wallet, Skrill, FasaPay, Payza, Neteller, Bitcoin, Litecoin, Namecoin, Perfect Money

Company

Regulation
ASIC - AFSL 412871, FCA - 579202
Founded
2005
Country
New Zealand
Address
Auckland, New ZealandLevel 3, 187 Queen Street, Cbd,Auckland, 1010New ZealandPhone:+64 9 801 0123
Website languages
Arabic, Chinese, German, Indonesian, Malay, Portuguese, Russian, Spanish
Phone
+64 9 801 0123
Email or Skype
[email protected]

FXOpen pros and cons

Pros

  • Regulated by ASIC - AFSL 412871, FCA - 579202
  • Low minimum deposit: $1
  • Raw spreads from 0.0 Pips
  • Scalping and hedging allowed
  • Swap-free Islamic accounts available
  • Free demo account

Cons

  • Leverage up to 1:500 magnifies losses as well as profits
  • Conditions and bonuses can differ by regulated entity

FXOpen FAQ

Is FXOpen a safe and regulated broker?

FXOpen was founded in 2005 and is regulated by ASIC - AFSL 412871, FCA - 579202. Client funds are held in segregated accounts. Your protection depends on which FXOpen entity opens your account.

What is the minimum deposit at FXOpen?

The minimum deposit at FXOpen is $1. Payment providers may set their own minimum amount.

What is the maximum leverage at FXOpen?

FXOpen offers leverage up to 1:500. Regulators in the EU, UK and Australia cap retail leverage lower, usually at 1:30 on major forex pairs.

Does FXOpen offer a no deposit bonus?

Yes. FXOpen offers a no deposit bonus. Bonus terms change often, so confirm them on the broker's website.

Which trading platforms does FXOpen offer?

FXOpen supports MetaTrader 4 (MT4). Mobile trading is available.

Does FXOpen allow scalping, hedging and news trading?

Yes. Scalping and hedging are allowed, and news trading is allowed.

Does FXOpen offer an Islamic (swap-free) account?

Yes. FXOpen offers swap-free Islamic accounts with no overnight swap charges.

Risk warning: Forex and CFD trading on margin carries a high level of risk and may not be suitable for all investors. Bonus offers are provided by third-party brokers and can change at any time.

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Full ranking
FXOpen – YesOpen account