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| 5.5/10 (4 qualified reviews) | |
|---|---|
| Company | FXOpen NZ Ltd |
| Founded and online since | 2005 |
| Offices in | Show countriesHide |
| Payment options | Show payment optionsHide |
| Demo platforms |
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| Account currencies | United States dollar |
| Currency pairs | Show currency pairsHide |
| Regulated by | FSA (UK), 579202 FSP (New Zealand), FSP192685 |
| Website available in | Show website languagesHide |
| Support available in | Show support languagesHide |
| Support methods | Callback Forum Live chat Skype |
| Trading server time zone | GMT+2 |
| VPS for traders | Free after trading 5 lots. |
| Minimum account size | $1 | ||||
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| Maximum account size | $3,000 | ||||
| Minimum position size | 0.1 lot | ||||
| Spread type | Fixed | ||||
| Spread on EUR/USD, pips | 2 | ||||
| Scalping | Allowed | ||||
| Expert advisors | Allowed | ||||
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| Trading platforms | MetaTrader 4 |
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| Digits after the dot in quotes | 4 | ||||
| Margin call level | 20% | ||||
| Stop-out level | 10% | ||||
| Number of currency pairs | 28 |
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206 reviews of FXOpen are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.
im very overwhelmed with this broker.my money is safe and im sure it has good and high progress on it.everytime i have inquiry they dont fail to answer me right away,KUDOS!!!!!!
How come Sebastian's post published on June 10 hasn't been answered and there's no more posts after that date?
Ladies and gentlemen, if you know what time it is right now? I do not know how it is with you, but I have 22:00. And you know what time it was an hour ago? 21.00. And two hours ago? 20:00. What do all these time instants in common? BROKEN FXOPEN. NO CONNECTION. EVEN THEIR WEBSITE IS NOT ACCESSIBLE ... 404 Not Found - is everything you read about them. I am open to short profitably for about 1.900 USD and I can not close. Complain and you can write where I want to call - I just so out of the window. I can not do anything because nothing works! We are constantly falling out with the server connections - permanently! This is not just today. About a month ago did not work about 12 hours connection at a time. Every day it comes off every now and again jumps. As soon as I can, so I choose all my money and deleting from there. the fact that the site still outside, strange enough, they lead to approximately 200,000 accounts .. It is totally unacceptable behavior forex broker
@Manash. are you referring to to the World Finance award for Best Broker in Australasia?
http://www.youtube.com/watch?v=kUxVNw084Qw
To answer your question, FXOpen is a reliable and decent broker to trade with. FXOpen ECN accounts give you the best in execution, liquidity pool and transparency.
Jafar Calley ,
You are claiming FXOpen was named best forex broker for 2011 in Australia, IBFX and GOMARKET also claiming the same, can you tell me who is correct. In Addition can any body suggest a decent and reasonable forex broker or brokers name to trade with.
Thanks
Manash
@Jafar Calley
ok money was sent today according to my account backoffice.. maybe i was overreacting.. all good now
thanks
@Romguard
AML checking is a normal part of operating a lawful business to ensure the money doesn't come from a source involved in crime.
If you contact finance@fxopen.com and request your withdrawal again I'm told the AML check has been completed and you may have your money back.
added funds by wire, so i read bad posts about this site, so i changed idea and wanted to withdraw funds.. so they tell me now that the wire was not on my name and that they will not send me money back until i prove it was on my name.. so the question is: WHY DID THEY ADD FUNDS IN THE FIRST PLACE IF IT WAS NOT ON MY NAME??? will update in the next days how its going forward
for the moment everything works fine with this broker.
Execution speed is great, spread is really low (ECN account)
No requotes.
I'm satisfied with this broker.
But do not use it with a Zulutrade account, the commission is terrible! and nobody at FXopen or Zulutrade was able to explain it correctly. So I stop this account.
I'm using MDP and this EA works fine with this broker.
this is the best broker ever. with stable mt4 server and without delay, i can make a consistent profit compared to other brokers. they are honest and serious in doing business.
FXOpen was just named Best Forex Broker Australasia 2011 in the World Finance Foreign Exchange Awards. When the evidence is seen with your own eyes, FXOpen is the only real choice for serious traders.
If you know you want to loose all your money then use fxopen. it is the worst broker ever. it requote often and do not allow you to close your trade when in profits. there just stolen by 150 dollars as you are reading this. if you have account with them better close and run with your money or u will be next.....
Yup... Got my money back.
Well, at least it shows that they keeps their words and are not there to rip us off of our gains.
They never reply my email to explain the spike though.
FXopen has spike in some of the NZD related pairs today (18th April), which is not seen in other brokers.
They asked me to send an email to the chief dealer to ask for compensation if the spike does caused a loss to my trading.
Well, just send an email to them. Now waiting for their reply.
Will update u guys on the results!!
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Iam 3 years with their ECN account. Fantastic. The most tight spreads i have ever saw. Execution is fastest in compare to others. Withdrawal is not a question at all.