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FXOpen — Forex Broker

Doesn't accept US tradersUS traders
  • Trading contests
  • PAMM accounts
  • Managed accounts
  • Islamic accounts available

  See FXOpen reviews

3.3/10 (5 qualified reviews)
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Company FXOpen NZ Ltd
Founded and online since 2005
Offices in Show countriesHide
Payment options Show payment optionsHide
Demo platforms
  • MetaTrader 4 (Limited with 30 days of inactivity)
  • MT4-ECN (Limited with 30 days of inactivity)
  • MirrorTrader (Limited with 30 days of inactivity)
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
Email
Forum
Live chat
Skype
Trading server time zone GMT+2
VPS for traders Free after trading 5 lots.

Account Types

Minimum account size $1
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
Trading instruments
Forex 1:500
Gold & silver 1:500
Trading platforms MetaTrader 4
Digits after the dot in quotes 4
Margin call level 20%
Stop-out level 10%
Number of currency pairs 28
  • Hedging
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Automated trading

  Open demo account with FXOpen.

  Open real account with FXOpen.

View contract specifications.

Reviews 

207 reviews of FXOpen are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.

  Ahmad from Malaysia.
Monday, January 14, 2008

Regardless of what people are saying... For me this broker are truly fantastic , I have no problem with this broker , all things are perfect....Thanks... In addition this broker have introduced multiple language option... fxopen (english), fxegypt(arab) , fxmalay(malay) & fxindo(indonesia) ,fxind.com(indonesia) & many more I think.... Thanks, admin...

  nik harman hamzi from Malaysia.
Thursday, January 3, 2008

hello,

my opinion is fxopen the best broker which i used before. they attracted me by proposing bonus(of course i lost it). but their conditions and execution speed made me to stay with them more. now i tripled my balance:) and this is from september, not bed i think:)

fxopen keep your great work!!!

  muhammad irwan from Malaysia.
Friday, December 28, 2007

I have heard from my friends this broker are the best broker but im still in survey to find good and honest broker.But im still not confident with this broker because their website is too simple no address how to contact only juat phone number.This company have many times change their name from Beaverhead to poltek and lastly to belvedre.Is it this company have a licensed and registered?

To lithuana please respond to the last posting by Mohamed Ahmed from egypt.

  Ty Amani from USA.
Monday, December 24, 2007

I'm thinking of opening life account with fxopen but...? FX Open Manager from Lithuana please respond to the last posting by Mohamed Ahmed from Egypt.

  Mohamed Ahmed from Egypt.
Monday, November 12, 2007

SCAM COMPANY

at 3-10-2007

i traded AUD retail sales news "check attachment"

i made more than 2,000$ profit

next day fxopen email says:

> Hello,

> your account 13654 will be closed permanently. You will be able to

> withdraw your initial deposit form that account.

this is management decision. Your remain money will be processed to

you by the method of your deposit

  DAVID BOONE from USA.
Sunday, September 9, 2007

Hi all! I was very satisfied when i got 1$ to my new micro account as they promised! And i was satisfied even greater when i got pay out to my e-gold account after i made some profit!

fxopen - respect!

  Reynan from Philippines.
Sunday, September 2, 2007

Hi Everyone... I highly recommend this broker. I have been trading for quite while and as i tried this broker i found them very reputable. Spreads are tight and never widen even during news time. On fast moving market you will get requote but that is the reality in fx market which simply means that no widening really is happening. SLs and TPs are guaranteed to be executed. If you want instant answers to your questions go contact their online support and you will have the answers. I am managing more than 20k account with them and executing as high as 8 lots on one single transactions but never encountered any problem. if you want any proof you may email me: mark_ethan27@yahoo.com

  Jafar Calley from France.
Wednesday, August 29, 2007

I don't know what Cynthia's problem is. FXOpen has always been good to me in the 5 months I have been with them. My deposits are instant except for the ones by wire which hit my account with a reasonable 3 days delay.

As for Cynthia's claim the broker goes by 5 names, they are all the same broker. Regional partners such as fxfrench.com, fxmalay.com, fxind.com etc.. come with their own support staff for each region which is not such a bad thing.

As for having no emails answered, I find that hard to believe. The support is always there and if you think Cynthia is being truthful, just look on the official fxegypt forum for all the thankyous for the rapid and friendly service. There is even a thank you thread started by one of the traders.

They are not crooks or thieves. They even work out issues in your favour like one time there was a spike(on the old server. They have recently upgraded) on aud/usd that took out my stop loss. 1/2 hour after my email complaining about it, my money was returned to the account, and the position re-established which eventually rode to my take profit target.

In a nutshell, fast service, low spread, fast execution and a good selection of currency pairs and futures to trade makes fxegypt (an FXOpen partner) my choice of broker.

  Preet Kanwaljit Singh from India.
Wednesday, August 29, 2007

Opened an account with USD $17,000 on fxopen in July, I have withdrawn to bank twice already and made about 217% of my initial deposit trading GBPJPY pair so far.

I love this broker, very friendly and very good. Excellent trade execution and best of all I get excellent trades using my own custom indicators.

I strongly recommend this broker to everyone.

  FX Open Manager from Lithuana.
Wednesday, August 29, 2007

Dear cynthia grasvik,

Please provide any evidence about what are you talking about. Also, you can provide your account number and email adress so we can check for your activity ( I am sure that things you are posting never happened).

If you have any "real" problems working with us, please post it and we will try to solve it.

P.S. Hope Admin of the blog will allow my review.

  cynthia grasvik from usa.
Wednesday, August 22, 2007

Being a muslim friendly broker is a joke. This company goes by at least 5 different names. I opened a real account weeks ago and have yet to have my account credited. All e-mails went unanswered. Avoid this crap company at all costs. Crooks and thieves. Rated as a #1 scam.

Cynthia G.

Seattle, Wa

  cynthia grasvik from usa.
Wednesday, August 22, 2007

I opened a real account on 8/10/07 as of 8/21/07 my account has not been credited. I sent 3 e-mails with no response. Open a demo account and you will see no automatic rollovers. Avoid these crooks and thieves. Rated as a scam big time! Again, avoid this piece of shit company.

Cynthia G.

Seattle Wa.

Visit FXOpen website. 

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