Item: FXOpen
Rating: 6.56

Feeling tricked into the game

If it's truly regulated, why require a verification deposit? Every deposit demands identity verification. Even after providing all documents, they blame system settings—claiming it's to prevent credit issues after verification deposits, then cite other excuses... a bottomless pit. Now watching money get deducted in real-time 🤧😭

KL K

2021-07-31 13:17

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

Severe Slippage

I’d like to share a genuine

I’d like to share a genuine review of this broker, particularly regarding the severe slippage issue. I entered forex trading with high expectations, but this broker has been a major disappointment. I place my trades expecting to enter at a specific price, say 1.1000, only to find the execution slipping to 1.1004 or even 1.1010. This happens consistently, even during calm market conditions, not just during volatile news periods, and it’s drastically affecting my profits, often turning potential gains into break-even or losses. I’m quite frustrated because this level of slippage erodes my confidence in their platform. I expect a broker to execute trades accurately and promptly, but it feels like they’re mishandling my orders. For anyone considering this broker, I strongly recommend testing their execution thoroughly before committing significant funds. This slippage issue could turn your trading experience into a frustrating ordeal, so proceed with caution.

FX2882198197

2025-08-22 21:31

Quick FXOpen Review Summary
Founded in	2007
Registered in	Cyprus
Regulated by	CySEC
Trading Instruments	700+, indices, commodities, forex, shares, cryptos, ETFs
Demo Account	✅
Account Type	ECN
Min Deposit	$/€300
Leverage	Up to 1:30
EUR/USD Spread	Floating around 0.2 pips
Trading Platform	MT4/5, TickTrader, TradingView
Deposit Fee	❌
Withdrawal Fee	Free for Viisa/MasterCard and Easy bank transfer, fees for Bank Transfer
Customer Service	9 am - 8 pm (Eastern European Time)
	Live chat
	Tel: +357 25024000
	Email: support@fxopen.eu
Regional Restriction	USA

Pros	Cons
Regulated by CySEC	US clients are not accepted
Negative balance protection	No copy trading
Many instruments available	High minimum deposit
Demo accounts	Withdrawal fees charged
MT4 and MT5 platforms
Live chat support

Regulated Country	Regulated by	Regulated Entity	License Type	License Number
	CySEC	FXOpen EU Ltd	Market Making (MM)	194/13

Trading Assets	Available
Indices	✔
Commodities	✔
Forex	✔
Shares	✔
Cryptos	✔
ETFs	✔
Bonds	❌
Options	❌

ECN Trading Account Features
Min Deposit	$/€300
Max Leverage	1:30
Spread	Floating from 0 pips
Commission	From $1.5 per lot
Demo Account	✔

FXOpen

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