OpenFX-Overview Guide of This Broker

Registered Country/Region	Belarus
Regulation	NBRB
Minimum Deposit	100 USD/EUR
Maximum Leverage	1:200
Minimum Spreads	From 0.0 pips
Trading Platform	N/A
Demo Account	Yes
Trading Assets	currency pairs, commodities, oil markets, and stock indices
Payment Methods	Bank Transfer, Bank Cards
Customer Support	Phone, Email

General Information & Regulation

OpenFX is a Belarus-based provider of foreign exchange and commodities trading services, which started successfully completing its first trades on the foreign exchange market in 2004, launched a multi-stage program for trader development in 2017, and began offering investment solutions on the Belarusian and Russian markets.OpenFX currently holds a National Bank of Belarus (NBRB) retail Forex license (license number: 192612632).

Market Instruments

OpenFX offers investors a small range of investment assets, mainly currency pairs in the Forex market, commodities, oil markets, and stock indices.

Minimum Deposit

Three trading account options are available on OpenFX platform: the classic, the pro and the premium accounts. The minimum initial deposit for a standard account is 100 USD/EUR, while the initial deposit for the pro and premium accounts is both 1000 USD/EUR.

Spreads & Commissions

Spreads start from 0.0 pips for all three accounts, and commission starts from 0.01% for Pro accounts (round turn), 0.03% for Premium accounts (round turn), and 0.13% for Investment accounts.

Deposit and withdrawal

Deposit and withdrawal can be done through bank transfer and bank card. The minimum deposit via bank transfer is $100 with service fee depended on traders' bank, and minimum withdrawal amount is $50, $5 deducted from withdrawal amount; Trader who deposit and withdraw funds through bank card with a minimum amount of $10, up to 2.5% deposit fees.

Trading Platforms

Customer Support

OpenFX support a wide range of languages including English, Arabic, Farsi, Turkish, Spanish, Portuguese, French, German, Russian, Thai, Malay, and Indonesian.

You can reach out to FX Open through phone, email. Here are some contact details:

Telephone: +375 17 336 55 44

Email: support@openfx.by

Company Address: 220116, 104 Dzerzhinsky Ave., Suite 803B Minsk, Belarus

Educational Resources

Here you can find some educational resources that may helpful to your forex trading, which including Courses, Online Trading, Videos.

Pros & Cons

Pros	Cons
Three types of trading accounts to choose from	Deposit & withdrawal fees charged
Accpetable minimum deposit	No online chat available
Competitive trading costs	Limited payment mthods
Multilingual customer support
Excellent educational resources
High leverage
Demo accounts available

Frequently Asked Questions

Does Open FX offer a demo account？

Yes, Open FX does offer a free demo account for beginners to practice forex trading in a 100% risk-free environment.

What is the minimum deposit requirements to open a live account with FX Open？

The minimum deposit is $100.

Does Open FX offer leverage？

Yes, the maximum trading leverage offered by Open FX is up to 1:200.

What payment methods does Open FX support？

Open FX supports payments through

What trading platform does Open FX provide？

No clear information about this part

What types of trading accounts does FX Open provide？

There are three types of trading accounts on offer:

• Standard

• Professional

• Premium