FXOpen review covers a well-established, multi-regulated forex and CFD broker known for ECN execution, tight spreads, and advanced trading tools. Founded in 2005, FXOpen operates under several entities regulated in the UK, Australia, and offshore jurisdictions, serving retail and institutional traders worldwide.

Regulation and Safety

FXOpen is authorised and regulated by multiple financial authorities:

• FXOpen UK Ltd – FCA (Financial Conduct Authority), license number 579202
• FXOpen AU Pty Ltd – ASIC (Australian Securities and Investments Commission), license number 412871
• FXOpen Ltd – FSRC of Nevis (offshore entity)

Client funds are held in segregated accounts with top-tier banks. UK and Australian clients benefit from FSCS and AFCA protections respectively. Negative balance protection is provided across all entities. Regular audits and KYC/AML compliance are enforced.

Execution Model and Trading Platforms

FXOpen is known for true ECN and STP execution models. It aggregates liquidity from major banks and offers Level 2 order book transparency. Supported platforms include:

• MetaTrader 4 (MT4)
• MetaTrader 5 (MT5)
• TickTrader (multi-asset proprietary platform with advanced tools)

Platforms are accessible via desktop, web, and mobile. FIX API and VPS services are available for advanced and institutional traders.

Markets and Instruments

FXOpen offers trading in over 600 instruments, including:

• Forex (70+ currency pairs)
• Indices (e.g., NASDAQ, FTSE100, DAX40)
• Commodities (gold, silver, crude oil)
• Cryptocurrencies (BTC, ETH, LTC, XRP, DOGE, etc.)
• Stocks and ETFs (available via TickTrader)

Accounts, Spreads and Leverage

FXOpen offers four core account types:

• ECN: Spreads from 0.0 pips, $1.50 commission per lot, leverage up to 1:500
• STP: Spreads from 1.0 pips, no commission, leverage up to 1:500
• Crypto: Designed for crypto CFD trading with 1:3 leverage
• Micro: Low deposit, up to 1:500 leverage, suited for beginners

Minimum deposit for ECN accounts starts at $100. UK and AU clients are limited to 1:30 leverage due to regulatory caps. Stop-out levels vary by account type (typically 50%).

Funding and Base Currencies

FXOpen supports multiple base currencies including USD, EUR, GBP, AUD, and BTC. Deposit and withdrawal methods include:

• Bank wire
• Credit/debit cards
• Skrill, Neteller, WebMoney
• Crypto (BTC, ETH, LTC, USDT)

Most deposits are processed instantly; withdrawals are handled within 24 hours. FXOpen charges no deposit fees, and withdrawal fees are competitive.

Client Protections and Features

FXOpen offers comprehensive client protection including fund segregation, negative balance protection, and SSL encryption. UK clients are protected by FSCS (up to £85,000) and Australian clients by AFCA. 2FA and biometric login are supported. The broker is subject to regular third-party audits and complies with international AML standards.

Institutional and Retail Offering

FXOpen serves both retail and institutional clients. Institutional features include FIX API access, deep liquidity, white-label solutions, and custom pricing for high-volume traders. Retail clients benefit from competitive spreads, social trading via Myfxbook, PAMM/MAM services, and extensive educational content.

Pros and Cons

Pros

• FCA and ASIC regulated
• True ECN and STP execution
• Supports MT4, MT5, and TickTrader
• Crypto CFDs and crypto funding
• FIX API and VPS for professionals

Cons

• Micro account only available under offshore entity
• Stock trading limited to TickTrader
• Higher spreads on STP account compared to ECN

Frequently Asked Questions

Is FXOpen regulated?

Yes, FXOpen is regulated by the FCA in the UK, ASIC in Australia, and the FSRC of Nevis.

What is the minimum deposit for FXOpen?

The minimum deposit for ECN accounts is $100. Micro accounts can be opened with as little as $1 under the offshore entity.

Which platforms does FXOpen offer?

FXOpen supports MT4, MT5, and its proprietary TickTrader platform across desktop, mobile, and web.

Does FXOpen offer crypto trading?

Yes, FXOpen provides CFD trading on a wide range of cryptocurrencies with leverage up to 1:3.

Is negative balance protection available?

Yes, negative balance protection is available across all retail accounts, regardless of jurisdiction.