Regulation: FCA Financial Conduct Authority United Kingdom

  • Tight forex spreads
  • Segregated accounts for clients
  • Virtual Private Server (VPS)
  • Limited educational materials
  • High minimum deposit requirement

Reviewed broker: FXOpen

Operated by: FX Open UK

Established in 2005

Location: United Kingdom

Regulation: FCA Financial Conduct Authority United Kingdom

USA traders: not accepted

Trading Conditions and Features

Trading instruments: Forex, Indices, Commodities, Shares, Cryptocurrency, ETFs

Segregated accounts: yes. Retail client funds are fully protected up to £85,000 by the FSCS.

ECN/STP broker: yes

Spreads from 0.0 pips

Commission from $1.50 per lot

Maximum leverage up to 1:30

Retail clients can trade with leverage of up to 1:30 for Major FX. 1:20 for Minor FX, Gold and Indices. 1:10 for Energy markets and Silver.

Professional Clients can have up to 1:500

Currency pairs: 28

Minimum trade size: 0.001 lot

All types of expert advisors (EA’s) and scalping are all welcomed forms of trading.

One/double click trading mode – Place your orders immediately, meaning you’re not losing a second to benefit from rapidly moving markets.

Take advantage of Market orders, Limit Orders, and Stop Orders with settings for volume units, stop levels, and slippage.

VPS: A virtual private server (VPS) is essentially a virtual computer that offers increased stability and greater power than a home PC does. A VPS for Forex provides a stable environment for the trading platform, which is an ideal solution for traders that require their trading platform to be kept on permanently, to allow their strategies to run and execute.

ECN Trading Accounts

On Electronic Communication Network (ECN) accounts you trade on the raw price from the banks and liquidity providers and pay a small commission. This is the most cost-effective form of FX trading and is ideal for executing large volume trades.

STP Trading Accounts

On Straight Through Processing (STP) accounts there is no separate commission to pay as it is already included in the spread. This account is ideal for novice traders looking to keep pricing simple.

Account CurrencyGBP, USD, EURGBP, USD, EUR
Broker ModelECNSTP
Minimum deposit£300, $300, €300£300, $300, €300
Spreadfloating, from 0 pipsfloating
Commission (per 1 lot)from $1.50no
Quotes format0.123450.12345
Minimum transaction size0.01 lot0.01 lot
Leverageup to 1:30up to 1:30
Margin call and Stop OutMargin call 100%
Stop out 50% %
Margin call 100%
Stop out 50%
Cryptocurrency CFDs**yesno
Metal CFDsyesyes
Energy CFDsyesno
Index CFDsyesno
Share CFDsyesno
Market executionyesyes
Expert Advisorsyesyes
News tradingyesyes
Phone dealingyesyes
Market depth with level 2 quotesyesyes

Trading Platforms with FxOpen


Pursue limitless trading opportunities across multiple markets with just a single log-in. TickTrader combines five of the most popular financial asset classes — Forex, stocks, commodities, indices, and cryptocurrencies* — into one individual trading account.

TickTrader trading platform represents an ultimate all-in-one solution for the most demanding traders. Experience high level customisation, true depth of market and quality liquidity, ensuring flawless trade execution. Each tool included in the platform is designed and honed by a developer who understands market requirements in terms of customer demand, performance, and security.


Beat the markets with a versatile array of powerful TradingView web, desktop, and mobile platforms

Start small with Paper Trading, then — once you’re ready — trade directly on the platform through our supported, fully verified and user-reviewed brokers in just a few clicks.

MetaTrader 4

Bring your trading style and strategies to life with MetaTrader 4 (MT4) – the leading platform for expert investors. Available on desktop, browser, Android and iOS devices, use it to execute your trades wherever you are, whenever you like.

At FXOpen, we were the first broker to offer direct access to interbank liquidity and ECN trading via the award-winning MT4 trading platform. It ensures instant and error-free execution of your trades – all at the very best prices. MetaTrader 4 is the world’s most popular trading platform – ideal for new and experienced traders alike. With this platform, you’ll benefit from a wide range of fully customisable features and advanced technical analysis.

Easy access to automated trading

MT4 gives you the freedom to download and use ready-made scripts and expert advisors. You can also create a custom indicator or script based on your very own trading strategy.

Multiple manual trading options

Place your trades directly from the chart. Make three types of order – market, limit, and stop. Or use trailing stops and one-click trading to make the most of your opportunities.

MetaTrader 5

MT5 is one of the most technologically advanced trading platforms, offering a number of additional benefits whilst still retaining the familiar user interface of MT4.

deal for new and experienced traders alike, when you use MT5 you’ll benefit from a vast range of fully customisable features and advanced technical analysis.

If you’re searching for a more enhanced trading experience, sign up to FXOpen and open a MT5 trading account today.

Why choose MT5?

A powerful upgrade from the MT4, MetaTrader 5 is a multi-asset platform for trading on forex, index, commodity and share CFDs. MT5 enables you to hedge and net, delivering more technical indicators as well as more insight with a wider number of timeframes and market depth.

Easy access to automated trading

MT5 gives you the freedom to download and use ready-made scripts and expert advisors. You can also create a custom indicator or script based on your very own trading strategy.

Payment Options

Minimum deposit requirement:  $300 or equivalent

Payment methods: Credit or Debit Card, Instant Bank Payment or Bank Transfer.

Fees: there is withdrawal and deposit fee almost with any payment method you choose to use, raging from 0.5% to 6%.

FXOpen Customer support and Education

Various educational material – latest economic news, professional market analyses and a Forex calendar

Client support is offered via email, phone or helpdesk

Support languages are in Russian, English and Chinese

How was the rating of FXopen performed compared to other brokers? 

This 2024 Forex Broker Review  has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on FXopen FX broker performance and features. 

Overall our online FXopen review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online FXopen or you find inaccurate details FXopen broker review please get in touch with us and the changes will be applied.  

FXOpen is an online trading platform where you can trade forex, shares, commodities, indices, cryptocurrencies

Regulation and Security
Platforms and Features
Deposit and Withdrawal
Educational Material
3.5 Overall Rating

top forex broker


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