FXOpen review

Regulated by

FCA (579202); CySEC (194/13)

Regulator tier

Tier 1

Register entry

FCA Financial Services Register, FRN 579202

Client money segregated

Yes under FCA/CySEC entities

Held at

Regulated credit institutions/banks

Negative balance protection

Yes for UK/EU retail clients

Compensation scheme

FSCS up to £85,000 for eligible UK clients; ICF up to €20,000 for eligible EU clients

Audited by

Independent external auditors

Not available to

United States, Belgium, Japan and jurisdictions where services would contravene local law

The licence is what decides where your money sits and who is obliged to do something about it.

FXOpen holds tier-one authorisations from FCA and CySEC. That matters more than any headline spread: it determines your leverage cap, whether losses can exceed your deposit, and what happens to your money if the firm fails.

The FCA caps retail leverage at 1:30, mandates negative balance protection, and covers eligible clients under the Financial Services Compensation Scheme.

CySEC licences passport across the EU and follow the 1:30 retail leverage cap, with the Investor Compensation Fund covering eligible claims.

Check the licence yourself: the FCA Register, the CySEC register of investment firms.

Legal entity

FXOpen Markets Limited

Company number

C 42235

Headquarters

Charlestown, Nevis

Founded

2005

Publicly listed

No

Parent company

Independent

Employees

Approx. 200

Also trades as

FXOpen; FXOpen INT

Spread from

0.0 pips

EUR/USD spread

Approx. 0.1 pips, ECN

GBP/USD spread

Approx. 0.3 pips, ECN

Commission

$3.50 per side / $7 round turn, Basic ECN

All-in cost, EUR/USD

Approx. 0.8 pips

Spread type

Variable

Overnight swap

Both: overnight swaps apply; Islamic swap-free accounts available

Inactivity fee

$10/month

Deposit fee

Varies by method; 0% to 4%

Withdrawal fee

Varies by method; 0% to 2%+

Currency conversion

Conversion at FXOpen applicable exchange rate

Cost is the last thing to weigh here, and never the thing that should decide it.

A quoted spread from 0.0 pips is a raw-spread figure, which almost always means a separate commission per lot. Compare the two together - a "zero spread" account with a high commission can cost more than a wider spread with none.

Quoted spreads are best-case figures on the most liquid pair, in normal conditions. What you actually pay widens around news and at the session open.

FXOpen lists a minimum deposit of $100. Treat it as the cost of opening an account, not the cost of trading one - position sizing on a small balance is what tends to cause damage.

Platforms

TickTrader, MetaTrader 4, MetaTrader 5, TradingView

Own platform

Yes, TickTrader

Mobile app

Both proprietary and third-party

Browser trading

Yes

Automated trading

Yes; MT4/MT5 Expert Advisors and TickTrader algorithmic trading

Copy trading

Yes, PAMM

Indicators

100+ through TradingView; 30+ MT4; 38+ MT5; TickTrader indicators

Third-party tools

TradingView, VPS, PAMM

API access

Yes, TickTrader API/FIX API

MetaTrader 4 remains the most widely supported platform for expert advisors. If you rely on an existing EA, this is usually the deciding factor.

MetaTrader 5 handles more asset classes and order types than MT4, but expert advisors are not compatible between the two - an MT4 EA will not run on it.

TradingView integration lets you trade from charts you may already use, removing the need to run a second platform for analysis.

Markets

Forex, Metals, Commodities, Indices, Shares, Cryptocurrencies

Currency pairs

50+

Total instruments

600+

Crypto CFDs

Yes

Maximum leverage

1:30

Execution model

ECN / market execution

Execution speed

Under 100ms

Order types

Market, limit, stop, stop-limit, stop-loss, take-profit, trailing stop

Servers

London and global financial data-centre infrastructure

Leverage is capped at 1:30, which is the retail limit under tier-one regulation. It is a protection rather than a restriction: it caps how quickly a position can move against your balance.

FXOpen covers forex, metals, commodities, indices, shares, cryptocurrencies. A wider range matters less than depth in the instruments you actually trade.

Funding options: bank transfer, credit/debit card, volet, webmoney, online banking, cryptocurrency and regional payment methods. Check withdrawal routes as well as deposit ones - they are often not the same, and the difference only becomes apparent when you try to take money out.

Minimum deposit

$100

Account types

ECN, PAMM ECN, Islamic/Swap-Free, Demo

Account currencies

USD, AUD, CHF, EUR, GBP, JPY, SGD, GLD

Islamic account

Yes

Demo account

Yes

Professional account

Yes

Minimum trade size

0.01 lots

Time to open

Typically within 48 hours including verification

Deposit methods

Bank transfer, credit/debit card, Volet, WebMoney, online banking, cryptocurrency and regional payment methods

Withdrawal methods

Bank transfer, credit/debit card, Volet, WebMoney, cryptocurrency and supported regional methods

Deposit time

Instant/few minutes for electronic methods; bank wire typically 3-5 business days

Withdrawal time

Electronic payments, cards and crypto processed within 24 hours; bank wire typically 3 business days

Minimum withdrawal

$1 equivalent

Local payment methods

Online Banking in Vietnam, Thailand and Indonesia; Paypaid; other region-specific methods

Support hours

24/5

Contact channels

Live chat, support ticket/email, phone

Languages

English, French, German, Russian, Arabic, Chinese, Indonesian, Thai and others

Telephone

+64 9 801 0123

Email

support@fxopen.com

Live chat response

Typically under 2 minutes

Education

Extensive: trading guides, platform tutorials, educational articles and webinars

Research

Market analysis, technical analysis, market news, trading ideas and analytical content