US traders Trading contests PAMM accounts Managed accounts Islamic accounts availableSee FXOpen reviews
| 3.3/10 (5 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 | ||||
| Trading instruments |
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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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207 reviews of FXOpen are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.
It's been more than 48hrs I opened my account and it has not been verified.
those that are campaining against fxopen are wasting their time i trade a live account with them, every thing is fast, deposit and withdrawal very simple. my profits are sent to me in time, if u think they are not regulated, better go regulate your former broker and leave fxopen 4 the dons to trade with them. learn to trade forex b4 posting comments about brokers loosing your balance does not mean fxopen is bad.
I think it is very good broker for many reasons.Most important they are paying my profits.
PS.I put mark 9 but it deducted points from the ranking, sorry FXOpen.
kyriakos, Na wa 4 u! U can keep hating 4 as long as u like!!!!!!!!!!! but these guys ROCK.........
I think Fxopen desrve 10 points for very good services and alsways fast payments. I give 10 points.
Nice offshore broker.Since the rules in USA became very strict I prefer to move my funds out of the country so no one will tell me how do I need to trade.FXOpen suites all my needs.
i have been using their demo and live accounts for over a year and have not experience any problem that is worth complaining about.deposit and withdrawals are almost instant. i have been demoing their ECN accounts as i intend to fund a live ECN and trade fundamental economic news.
Hello everyone, I like to post some words about that company. I have both, MarketMaker account with 20K , ECN with 20K and ECN PAMM with 5K with FXOpen.
1) Deals executing is much better at ECN accounts, ECN almost instant, MM (Market Maker) several seconds, got several requotes during the news but still ok for MM.
2) Can see see my limit orders in Level 2, very good sign (difficult to find real ECN on MT)
3) Deposit is extremly fast, withdrawal to my bank was completed during the working day, I think that is good, most of companies do this longer (for your information I deposited 10K first, made several trades and ordered all for withdrawal to test this company).
I pretty much enjoy them at the moment, especialy ECN trading. Anyone can check my trading activity with FXOpen ECN PAMM account, just go to FXOpen forum and find GTR Power PAMM thread.
Very good company to trade. I made many withdrawals from trading and from commisions and no problems!
I've used several brokers:
1.Demo with IBFX- doing well, nearly ten thousand within two months.
2. Real with FXCM, deposited 900USD, but did some trading mistake (not FXCM mistake), my account balance dropped to 98.00 USD, how sad.
3. Real with e-toro, deposited 50USD, done 5 trades and balance now is 147.00 USD (just for fun for the time being)
4. Real with fxOpen (started 11 August 2009).
Trading log:
-11/8 Deposited 900 USD, then my balance down to 236USD on 20/8/2009 - All because of my mistake for not patient enough.
-26/8 Balance increase to 429 due to carefull trading. On the same day i deposited 400 to increase my capital.
-23/8 FXOpen deposit a top 20 bonus worth 50USD and my balance is 1504
- 8/9 fxOpen deposited 100 for 10 lot bonus and my balance on that day is 1399 because of wrong entry. Its ok to lost several trades.
-25/9 highest profit of 1352. Balance 5802
-25/9 First withdrawal 1K using Liberty Reserve. Money already in the bank on 26/9
Balance after withrawal is 5676. Hope to withdraw another 1K in few days.
Conclusion:
At the moment, FxOpen is a good broker. Deposit fast and withdraw in less than 24 hours. Mt4 terminal is good although some delay in entering, closing and refreshing the balance after closing the trades. Hope their admin will look into this matter. I'm using robot most of the time because i have other job to do. For now the profits are 400 to 500 on average (of course some trades i lost 300 to 500). To all traders, do your trades in manners. Avoid hedging and other wrong methods that will make your broker terminate your account.
Hope this review will help those who like to open an account with this broker.For my self, FxOpen is not a scammers.
I was going to open an account with them, but one of their customer reps confirmed me that they had dealing desk for micro and standard accounts...so the minimum account size really to trade on their ECN enviroment would be $1000. =/
well i have been reading all that you guys are saying about this broker fxopen, i hope that i'm not making the biggest mistake because i have opened a live account with them, but i have not started trading because of the bad network. please try and advice me and tell me why fxopen is bad.
than
ks bedone
then u're likely going to run a micro account. u can't tade a standard account with $10.
Hmn... Anyway, what i have tested is what i can comment on. I use Liteforex for now and they are okay for me. As for fxopen, i think i will try them from next month with little capital because i heared bad informations about them expecially when it comes to the area of withdrawal. but i will try with $10 at first.
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I see good and bad comments here, which one will I believe, complicated thing, I doublt some good advices come from hands of FXOpen itself, but the only one thing I think is that I should no longer trade under NFA platforms any more.