FXOpen Review

FXOpen
Welcome bonus 10$
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Overview

The broker with unblemished reputation offers easy trading, pioneering platforms, recurring revenue in PAMM-account system etc.

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Details

BrokerFXOpen
Website URLfxopen.com
Founded2003
HeadquartersP.O. Box 590, Springates East, Government Road, Charlestown, Nevis
Support Number+64-9-801-0123, +49-693-329-6294, +33-979-998-040
Support TypesTelephone, email, online chat, callback, office, forum, ticket system
LanguagesFrench, Spanish, Chinese, Portuguese, Arabic, Italian, Korean, German, Polish, Turkish, Japanese, Thai, Hebrew, Dutch, etc.
Trading PlatformWebTrader, MetaTrader 4, ZuluTrade, MyFXbook, FXOpen Trader
Minimum 1st Deposit1$
Minimum Trade Amount0,1$
Maximum Trade AmountWith no restrictions
BonusWelcome bonus 10$
Leverage1:500
Spreadfrom 0 points
Free Demo Account Open Demo
Regulated Yes
RegulationASIC (№412871), FCA (№579202)
Deposit MethodsBank transfers, bank cards (credit / debit) Visa / MasterCard, ePayments and ChinaUnionPay, WebMoney, Qiwi, Neteller, Skrill, SorexPay, RBK Money, Payza, IntellectMoney, Yandex, PerfectMoney, OKPAY, Bitcoin, Litecoin, Ethrereum, Tether , Emercoin, etc.
Withdrawal MethodsBank transfers, bank cards (credit / debit) Visa / MasterCard, ePayments and ChinaUnionPay, WebMoney, Qiwi, Neteller, Skrill, SorexPay, RBK Money, Payza, IntellectMoney, Yandex, PerfectMoney, OKPAY, Bitcoin, Litecoin, Ethrereum, Tether , Emercoin, etc.
Number of Assets50+
Types of AssetsForex, CFD, stocks, metals, cryptocurrencies (Bitcoin, Litecoin, Ethrereum, Tether, Emercoin, DASH, etc.)
Account CurrencyUSD, RUB, EUR, AUD, CHF, GBP, JPY, etc.
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score9.7/10

Full Review


FXOpen – the largest international Forex broker, successfully working with traders since 2003. The platform customers expect a stable terminal, favorable conditions, investment accounts, fast transactions, etc. With this proven organization cooperates with a large number of professional and novice traders, who, first of all, are important experience and reputation of the brand.

And yet, FXOpen is a fraud and a scam that deceives its users or an honest and secure platform that guarantee them stable earnings, constant communication, and support of managers, as well as the trouble-free withdrawal of funds from the site. You can find out about this by getting acquainted with our next review.

FXOpen is one of the experienced financial organizations that has been successfully operating since 2003, which provides the client with ample opportunities to earn money through Forex trading. Initially, the brand offered to the players help services in mastering the rules and features of trading in different markets. However, thanks to the well-coordinated work of the team, as well as the need for a simple investor in a high-quality and reliable platform, the team had an idea to become a serious broker providing intermediary services between the market and the user in order to make the trade process comfortable and efficient. So, in 2005 appeared a full-fledged platform, well-known today among traders for a number of advantages.

Its peculiarity is that the resource does not stand still, it improves the options, and the authors constantly offer the user innovative options. This allowed the project to occupy high lines of Forex brokers’ ratings, to have many prestigious awards. The company was among the first to offer profitable ECN accounts to the trader, as well as «Islamic» accounts. Among its other advantages: offices around the world (in Australia, New Zealand, England, etc.), several licenses: FCA (No.579202, England), ASIC (No.412871, Australia), etc., an impressive number of instruments, including the crypto-currency for trade, the availability of professional technical support. Quotations to the platform are provided only by trusted banks-suppliers GOLDMAN, Bank of America, Deutsche Bank AG, SG Paris, etc.

Trades take place in a reliable software product that has long been verified by millions of traders – MetaTrader 4. This unique terminal has been adapted for profitable trading on the ECN system and today is a powerful and functional solution providing stability of work, as well as full analysis, strategy testing, search for accurate signals. Available free mobile platform MT4 (Android, iOS), tablet owners (Android 1.6 and above) is waiting for the author’s development of FXOpen Trader. The broker also offers automatic trading of robots in ZuluTrade and MyFXbook terminals, which have an impeccable reputation on the part of traders. They will allow a simple market player to become a professional investor, easily monitor the status of their account.

FXOpen is important to make comfortable and profitable trades for a wide range of traders, for this, various accounts are available: standard, as well as STP-, ECN-accounts for working with crypto-currencies (find out the truth about cryptocurrency here). In the mode of free training trade, you can safely test the effectiveness and honesty of the platform without losing your capital. All participants in the system are offered PAMM-accounts, with the help of which on the site fxopen.com you can find professional managers of PAMM-STP, as well as PAMM-ECN-traders ready to cooperate with users on mutually beneficial terms. This is a special system aimed at professional investors, which gives them the opportunity to receive additional income. This includes options for copying transactions, auto-trading, and affiliate program. Quickly find exactly the proposal, which is interesting to the participant of the platform, will allow a convenient system of filters. Each player can visit the forum and leave their comments about PAMMs here. This system will make it easy and easy to make money, while not working at all.

We also note one more advantage of the company – interesting contests, the winners of which are expected to be no deposit bonuses. Here often competitions are held on training bills where participants receive real money as a prize. It is important for traders to know that for the withdrawal of funds it is necessary to undergo a fast verification procedure, providing managers with passport data. The official site fxopen.com is convenient, differs in formativeness, here the broker offers materials about the company, training programs, step by step instructions of work, a calendar, actual news, calculators and other tools.

 

Replenishment and withdrawal of funds

FXOpen customers have a large number of options for fast transactions, from which the trader will easily find the most convenient service. So, to enter funds into the account are offered:

  • Bank transfers,
  • Bank cards Visa/MasterCard, ChinaUnionPay, etc.
  • Payment systems (WebMoney, Qiwi, Neteller, Skrill, OKPAY, IntellectMoney, Yandex.Money, PerfectMoney, etc.),
  • Crypto-currencies: Bitcoin, Tether, Litecoin, Ethrereum, etc.

The withdrawal of earnings occurs with the help of:

  • Bank transfers,
  • Bank cards Visa/MasterCard,
  • Electronic systems (WebMoney, Qiwi, Neteller, PerfectMoney, etc.),
  • Crypto-currencies: Bitcoin, Litecoin, Tether, Emercoin, etc.

 

Complaints about FXOpen

The FXOpen broker has been functioning on the market for a long time, so there are many different opinions on working with it. Positively noted interest of the company in the earnings of customers, a stable terminal without slips and failures, as well as favorable terms, different strategies (including scalping, automated trading of robots), fast execution of bets, a lot of tools, convenient accounts, as well as contests with real prizes, narrow spreads, quick withdrawal, earning opportunities with the PAMM investment system, licenses of several financial bodies, etc. Site customers recommend it to other Internet users. In addition, the network employs a company manager who actively responds to comments and questions from customers – this indicates that the broker does not care for the service provided to the user.

In the network, you can find negative comments, which mainly relate to the lack of communication with the company, long withdrawal of funds, frequent disruptions of terminals, etc.

If we find complaints about FXOpen, we will post it on social media. Follow us to be well informed:

 

Regulation of FXOpen

FXOpen works under several brands:

  • As the company FXOpenMarketsLimited, registered in Nevis (registration number – 42235; FCA (No.579202), has the membership of The financial commission,
  • As the company FXOpen AU Pty Ltd, which has a registration in Australia (ASIC, No.412871),
  • As OOO EfEksOpen (FXOpenCompany), a financial consultant in Russia.

In addition, the broker has a number of other licenses.

 

Is FXOpen a scam?

FXOpen is one of the leading and experienced sites, providing a variety of opportunities for investment in financial markets. It has been working for more than 10 years, it has a lot of advantages that distinguish it from other competitors (read the whole truth about Forex here). The platform is evolving, does not stand still, doing much to ensure that users are comfortable working with it. This can explain her prestige and reputation, the presence of many serious victories and innovative solutions.

It is beneficial to cooperate with a resource because the issue of security is effectively worked out, which means that bidders do not have to worry about their means and information. The existence of several licenses (for example, FCA (No.579202, England), ASIC (No.412871, Australia), New Zealand (No.5598865), etc.) confirms that the site is not a fraudster who seeks to collect money and cheating traders. On the contrary, it is an experienced company that considers its mission to provide high-quality service, a stable terminal, constant communication with the support service. For investments, a lot of assets are available (Forex, shares, crypto-currencies, etc.), several accounts are offered, free training trade.

Representatives of FXOpen are serious about the service offered to the user. Only the proven solutions of the market players are available here. They can make trading efficient – MetaTrader 4, ZuluTrade, MyFXbook, mobile applications. A modern platform FXOpen Trader, which is an innovative development of the company, is also provided. Separately, I would like to mention an interesting system of PAMM-accounts, which is focused on passive income from investments in professional investors with extensive trading experience. Here works a filter to find the proposal that will be interesting to the client, the forum can read reviews about the participants of the system, leave a comment. On the official site fxopen.com a lot of useful information is available, these are training and analytical materials. It is comfortable to be traders from different countries, tk. the resource has popular language versions.

On the Internet at the moment, you can learn a lot of comments on cooperation with this well-known brand. Traders often call it an opportunity to get real income, the stability of the terminal, a variety of accounts and assets, trade in robots, narrow spreads, stable communication with managers, free training trade, work with crypto-currencies, etc. (on how to actually earn on the cryptocurrency, find out here). In this case, traders recommend the platform to friends and familiar investors. Let’s note here that the manager actively works on the network on behalf of the company, processing questions of users. This confirms that the playground is not a scum and a divorce, but a serious broker. Negative feedback about the organization is less, usually, they relate to the hang of the terminal, long withdrawal, lack of communication with managers, etc. Should I call FXOpen’s trial site a divorce and a fraudster? Having become acquainted with the platform’s capabilities, we will not make such a conclusion today, because the brand works successfully enough, develops, offers high-quality service and proven solutions for trade, including its author’s developments, etc.

 

Conclusions

Forex broker FXOpen today can rightfully be called one of the most experienced and professional Forex companies, which does a lot to make its service simple, comfortable and functional for the user of any level of preparation. Unique options, many options for transactions, the availability of serious licenses, offices in different cities around the world, constant communication with managers, a large number of positive feedback from users, etc. – all this sets off a reliable platform among other similar organizations.

Having become acquainted with the broker’s service and possibilities in more detail, today we will not say that FXOpen is a divorce, but we expect real comments from traders about the company that will make it possible to get a full picture of cooperation with it, will help to warn users in time about any problems in the work platform.

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