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FXOpen -

Score

1.48 /10
Danger

FXOpen

Hong Kong

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.fxopen.hk/en

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Comparison

Quantity 3

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.80

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

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Company Name

FXOpen Markets Limited.

Company Abbreviation

FXOpen

Platform registered country and region

Hong Kong

Company website

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Company summary

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away!
Previous Detection : 2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Exposure

3 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

There is no way to withdraw money, and keep calling for recharge

The customer service always asks to recharge, not to give money, either for this reason or for that reason for you to recharge

BUGUORENJIAN
2021-02-16 13:48
Others

big manipulators.

i had managed once again to close most of my trades in profit on my Mt4 terminal account, but i noticed the trades i closed in profit on my mt4 terminal were left open on the fxopen platform. contacted their support and explained the situation and provided evidence which clearly show the mt4 account was running, and all most these trades closed in profit, they claimed my stp account expired which is absolutely false.

Mayaz Ahmad
2021-09-01 17:36
Unable to Withdraw

withdrawal problems.

Essentially it is not possible to withdraw anything from them. I feel it may well be arbitary towards me. I have offered settling the dispute by transferring my peak equity (approx. 6000 euro) since the blockage through a final SEPA transfer and then closing my account. But of course they really appear unable to process any withdrawals, other than offering me to move the money to moneybookers which would not then process the withdrawals to my bank account, but will charge fees.

FX7359315392
2021-09-03 07:15
Data Source WikiFX Data provide
Updated: 2024-12-23
FXOpen · Company summary
FXOpenReview Summary
Founded2010-01-22
Registered Country/RegionHong Kong
RegulationUnregulated
Market InstrumentsForex, Stocks, Indices, Commodities and Cryptocurrencies
Demo Account✅
LeverageUp to 1:1000
SpreadAs low as 0
Trading PlatformMT4, MT5, TickTrader, TradingView
Min Deposit$1
Customer SupportPhone:English +64-9-801-0123Chinese (Simplified) +852 5808 2427Chinese (Simplified) +(61)2 8226 8628French +33-979-998-040German +49-693-329-6294Russian +7-499-346-0960
Email:support@fxopenasia.comsales@fxopen.com
Social Media:Twitter: https://twitter.com/FXOpenBrokerFacebook:https://www.facebook.com/FXOpenCompanyLinkedin:https://www.linkedin.com/company/fxope

FXOpen Information

FXOpen is an unregulated broker that offers a variety of trading instruments including forex, stocks, indices, commodities, and cryptocurrencies. FXOpen has launched 4 trading account types, namely ECN, STP, CRYPTO, and MICRO. FXOpen sets spreads and commissions starting from 0 yuan, with a minimum deposit of $1 and a maximum leverage of 1:1000 equity.

FXOpen Information

Pros and Cons

Pros Cons
Leverage up to 1:1000Unregulated
Spreads as low as 0Commission of $1.5 per lot
Demo account availableMore negative reviews on withdrawals
Various trading Instruments: forex, stocks, indices, commodities and cryptocurrenciesInaccessible official website
Multiple account types: ECN, STP, CRYPTO, and Micro24/5 customer support

Is FXOpen Legit?

FXOpen is not regulated, even though it claims to be regulated by CySEC and the license number is 194/13.

Is FXOpen Legit?
Is FXOpen Legit?

What Can I Trade on FXOpen?

Forex, shares, indices, commodities, and cryptocurrencies are tradable instruments of FXOpen.

Tradable Instruments Supported
Forex✔
Shares✔
Commodities✔
Indices✔
Cryptocurrencies✔
ETFs✔
Bonds❌
Mutual Funds❌
What Can I Trade on FXOpen?

Account Type

FXOpen has 4 types of accounts: ECN, STP, CRYPTO, and MICRO. These accounts set different trading thresholds suitable for novice to professional traders. Novice traders can train through demo accounts. The accounts offer floating spreads, minimum deposit from $1 to $100, and leverage ranging from 1:3 to 1:1000.

Account Type ECNSTPCRYPTOMICRO
Maximum leverage1：10001：5001:31:500
Minimum spread(pips)Start from 0(float)FloatFloatFloat
Minimum deposit($)10010101
CommissionStart from $1.500.5% per lot0
Islamic accountYesYesNoYes
Demo accountYesYesYesNo
Stop Loss50%30%15%10%
Account Type

FXOpen Fees

ECN spreads are as low as 0 and commissions start from $1.5. STP, CRYPTO, and MICRO commissions are 0, 0.5% per lot, and 0 respectively. All accounts have floating spreads.

Leverage

The maximum leverage is 1:1000, which means that profits and losses are magnified 1000 times.

Trading Platform

FXOpen provides a variety of trading platforms, such as the more authoritative MT4 and MT5, FXOpen's proprietary platform TickTrader, and TradingView.

Trading PlatformSupported
MT4✔
MT5✔
TickTrader✔
TradingView✔

Deposit and Withdrawal

FXOpen's deposit methods include FasaPay and Advcash. FasaPay is commission-free on USD and IDR deposits, while Advcash charges 0.5% commission on EUR, GBP, and USD deposits.

FXOpens withdrawal methods include Paypaid, which charges a 2% commission for withdrawals in Thai Baht, FasaPay, which charges a 0.5% commission for withdrawals in USD and Rupiah, and Advcash, which charges a 0.5% commission for withdrawals in USD and EUR.

Deposit and Withdrawal

Customer Support Options

FXOpen offers 24/5 customer support. FXOpen provides contact information by phone, email, and live chat. In addition, you can learn about FXOpen through social media including Facebook, Twitter, and LinkedIn.

Contact Options Details
Phone English+64-9-801-0123Chinese (Simplified)+852 5808 2427Chinese (Simplified)+(61)2 8226 8628French+33-979-998-040German+49-693-329-6294Russian+7-499-346-0960
Email support@fxopenasia.comsales@fxopen.com
Live Chat ✔
Social MediaTwitter: https://twitter.com/FXOpenBrokerFacebook:https://www.facebook.com/FXOpenCompanyLinkedin:https://www.linkedin.com/company/fxope
Supported Language English
Website Language English
Physical Address Charlestown, Nevis PO. Box 590, Springates East, Government Road, Charlestown, Nevis
Customer Support Options

User Reviews

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User comment

5

Comments

Write a review

FX1727239306
more than one year
The members area is great, very complete and I have many deposit methods available. The execution is very fast, I have never had a re quotation. I love the fact I have commission free withdrawals and I can do it as many times as I want. I would recommend it for beginners and also advanced traders, it is very complete!
The members area is great, very complete and I have many deposit methods available. The execution is very fast, I have never had a re quotation. I love the fact I have commission free withdrawals and I can do it as many times as I want. I would recommend it for beginners and also advanced traders, it is very complete!
Translate to English
2024-07-10 11:09
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FX1494149797
more than one year
I use both MT4 and MT5 for my trades, and FXOpen’s integration of these platforms is seamless. I particularly enjoy using custom indicators and automated trading scripts which are supported brilliantly here.
I use both MT4 and MT5 for my trades, and FXOpen’s integration of these platforms is seamless. I particularly enjoy using custom indicators and automated trading scripts which are supported brilliantly here.
Translate to English
2024-06-18 10:15
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3