Forex Brokers

FXOpen

FXOpen is one of the fastest growing online Forex and CFD brokers in the world

FXOpen is one of the fastest growing online Forex and CFD brokers in the world, the broker is currently regulated by the Cyprus Securities and Exchange Commission (Regulation No. 194/13), B and holds a cross-border license, The company is authorised to provide financial services to all EU member states.

Security Analysis

FXOpen fully complies with CySEC client money rules, keeping client funds completely separate from the company's own funds. Client funds are held in separate accounts at Barclays Bank in London and Greek Bank in Cyprus.

Main business

FXOpen provides investors with popular trading products in the financial market, including foreign exchange (major currency pairs, minor currency pairs and emerging currency pairs), indices, commodities, stocks, cryptocurrencies.

Leverage & Account

Leverage is 1:30 for major currency pairs, 1:20 to 1:30 for trading minor currency pairs, and 1:20 for emerging currency pairs. The trading leverage is 1:20 for index products, 1:10 to 1:20 for commodities, 1:5 for stocks, and 1:2 for cryptocurrencies. FXOpen has set up an STP account and an ECN account for traders. The minimum deposit for both accounts is 300 USD/300 EUR. The different ECN account can trade currencies, cryptocurrencies, stocks, metals, CFDs on energy and indices, while STP accounts can only trade CFDs on currencies and metals.

Spread & Commission Fees

Forex main spreads: EURUSD minimum 0.2 pips, GBPUSD minimum 0.3 pips, AUDUSD minimum 0.3 pips. Forex transactions below $1000 will be charged a commission of $3.5/lot, $1000-$25,000 will be charged a commission of $2.5/lot, $25,000-$250,000 will be charged a commission of $1.8/lot, over $250,000, a commission of $1.5/lot will be charged . Key spreads on the index: 2.4 for the UK 100, 0.9 for the US Tech 100, and 1.7 for the Wall Street 30 (mini). For index product transactions below $1000, a 0.0075% commission will be charged, $1000-$25,000 will be charged a 0.005% commission, and a transaction greater than $25,000 will be charged a 0.005% commission. Commodity main spreads: The minimum gold dollar is 0.31 points, and the silver dollar is 0.02 points. Key spreads for stocks: 2.65 pips for Tesla stocks, 0.45 pips for Apple stocks, 0.86 pips for Facebook stocks, 0.01% commission on stocks. Bitcoin has a minimum spread of 62.6 pips and a commission of 0.5% per side.

Trading Platform

In addition to providing traders with the current market-leading and popular MT4 and MT5 trading platforms, FXOpen also provides VPS and FIX APIs.

Deposits

FXOpen provides users with a variety of safe and convenient deposit and withdrawal channels, mainly including wire transfer, which supports EUR/USD/GBP. The minimum deposit is 300 EUR/USD/GBP, and the minimum Withdrawals are 50 GBP/EUR/USD. There is no handling fee for wire transfer deposits, and a handling fee of GBP/EUR/USD 30 will be charged for withdrawals. In addition, Visa/MasterCard deposits and withdrawals are also supported. This method supports EUR/USD/GBP. The minimum deposit is 50 EUR/USD/GBP and the maximum amount is 10,000 EUR/GBP/USD.

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