9.0/10
(30 qualified reviews)
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US Traders
  • Bonus offers
  • Trading contests
  • PAMM accounts
  • Managed accounts
  • Affiliate program
  • Islamic accounts available
  • Company FXOpen AU Pty Ltd, FXOpen UK
  • Founded in 2003
  • Online since 2005
  • Offices in
    • Australia
    • Russian Federation
    • Saint Kitts and Nevis
    • United Kingdom
  • Payment options
    Show payment options Hide payment options
  • Demo platforms
    • MetaTrader 4 (Limited with 30 days of inactivity)
  • Account currencies
    Show account currencies Hide account currencies
  • Currency pairs
    Show currency pairs Hide currency pairs
  • Regulated by
    • ASIC, 412871
    • FCA (UK), 579202
  • Website available in
    • Arabic
    • Chinese
    • English
    • Indonesian
    • Russian
  • Support available in
    Show support languages Hide support languages
  • Support methods
    • Callback
    • Email
    • Forum
    • Live chat
    • Skype
  • Trading server time zone GMT+2
  • VPS for traders Free after trading 5 lots.
  • Hedging
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Automated trading
  • Minimum account size $1
  • Minimum position size 0.001 lot
  • Spread type Variable
  • Typical spread on EUR/USD, pips 2
  • Minimum spread on EUR/USD, pips 0
  • Scalping Forbidden
  • Expert advisors Allowed
  • Trading instruments
    • Forex1:500
    • Gold & silver1:500
  • Trading platforms
    • MetaTrader 4
  • Digits after dot 5
  • Margin call level 20%
  • Stop-out level 10%
  • Number of currency pairs 28
  • Hedging
  • Overnight interest rates (swaps)
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Automated trading
  • Minimum account size $100
  • Minimum position size 0.01 lot
  • Scalping Allowed
  • Expert advisors Allowed
  • Trading instruments
    • Forex1:500
    • Gold & silver1:500
    • CFD1:500
    • Oil1:100
  • Trading platforms
    • MetaTrader 4
  • Digits after dot 5
  • Margin call level 100%
  • Stop-out level 50%
  • Number of currency pairs 50
  • Hedging
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Automated trading
  • Minimum account size $200
  • Minimum position size 0.01 lot
  • Spread type Variable
  • Typical spread on EUR/USD, pips 2
  • Minimum spread on EUR/USD, pips 0
  • Scalping Allowed
  • Expert advisors Allowed
  • Trading instruments
    • Forex1:100
    • Gold & silver1:100
  • Trading platforms
    • MetaTrader 4
  • Digits after dot 5
  • Margin call level 50%
  • Stop-out level 30%
  • Number of currency pairs 50
  • Hedging
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Automated trading
  • Minimum account size $1,000
  • Minimum position size 0.01 lot
  • Scalping Allowed
  • Expert advisors Allowed
  • Trading instruments
    • Forex1:100
    • Gold & silver1:100
  • Trading platforms
    • MetaTrader 4
  • Digits after dot 5
  • Margin call level 100%
  • Stop-out level 50%
  • Number of currency pairs 50
  • Hedging
  • Overnight interest rates (swaps)
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Automated trading
  • Minimum account size $200
  • Minimum position size 0.01 lot
  • Spread type Variable
  • Typical spread on EUR/USD, pips 0.2
  • Minimum spread on EUR/USD, pips 0.1
  • Commission (one-way) per 1 std. lot $5
  • Scalping Encouraged
  • Expert advisors Allowed
  • Trading instruments
    • Forex1:500
    • Gold & silver1:100
  • Trading platforms
    • MetaTrader 4
  • Digits after dot 5
  • Margin call level 100%
  • Stop-out level 50%
  • Number of currency pairs (of which exotic) 50 (15)
  • Hedging
  • Overnight interest rates (swaps)
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Automated trading
  • Minimum account size $1,000
  • Minimum position size 0.01 lot
  • Spread type Variable
  • Typical spread on EUR/USD, pips 0.2
  • Minimum spread on EUR/USD, pips 0
  • Commission (one-way) per 1 std. lot $2.50
  • Scalping Allowed
  • Expert advisors Allowed
  • Trading instruments
    • Forex1:500
    • Gold & silver1:500
  • Trading platforms
    • MetaTrader 4
  • Digits after dot 5
  • Margin call level 100%
  • Stop-out level 50%
  • Number of currency pairs 50
  • Hedging
  • Overnight interest rates (swaps)
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Automated trading
  • Minimum account size $25,000
  • Minimum position size 0.01 lot
  • Spread type Variable
  • Typical spread on EUR/USD, pips 0.2
  • Minimum spread on EUR/USD, pips 0
  • Commission (one-way) per 1 std. lot $1.80
  • Scalping Allowed
  • Expert advisors Allowed
  • Trading instruments
    • Forex1:500
    • Gold & silver1:500
  • Trading platforms
    • MetaTrader 4
  • Digits after dot 5
  • Margin call level 100%
  • Stop-out level 50%
  • Number of currency pairs 50
  • Hedging
  • Overnight interest rates (swaps)
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Automated trading
  • Minimum account size $10
  • Minimum position size 0.01 lot
  • Scalping Allowed
  • Expert advisors Allowed
  • Trading instruments
    • Cryptocurrencies1:13
  • Trading platforms
    • MetaTrader 4
  • Digits after dot 5
  • Margin call level 30%
  • Stop-out level 15%
  • Number of currency pairs 11
  • Minimum account size $10
  • Minimum position size 0.01 lot
  • Scalping Allowed
  • Trading instruments
    • Forex1:500
    • Gold & silver1:500
  • Digits after dot 5
  • Margin call level 50%
  • Stop-out level 30%
  • Number of currency pairs 50
  • Hedging
  • Overnight interest rates (swaps)
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Automated trading
  • Minimum account size $300
  • Minimum position size 0.01 lot
  • Spread type Variable
  • Typical spread on EUR/USD, pips 0.2
  • Minimum spread on EUR/USD, pips 0
  • Commission (one-way) per 1 std. lot $1.50
  • Scalping Allowed
  • Expert advisors Allowed
  • Trading instruments
    • Forex1:100
    • Gold & silver1:100
    • CFD1:100
  • Trading platforms
    • MetaTrader 4
  • Digits after dot 5
  • Margin call level 100%
  • Stop-out level 50%
  • Number of currency pairs 50
  • Hedging
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Automated trading
  • Minimum account size $300
  • Minimum position size 0.01 lot
  • Spread type Variable
  • Typical spread on EUR/USD, pips 0.2
  • Minimum spread on EUR/USD, pips 0
  • Scalping Allowed
  • Expert advisors Allowed
  • Trading instruments
    • Forex1:500
    • Gold & silver1:500
  • Trading platforms
    • MetaTrader 4
  • Digits after dot 5
  • Margin call level 50%
  • Stop-out level 30%
  • Number of currency pairs 50
  • Special notes Leverage size depends on the balance:
    - 1:1 — 1:500 for accounts up to 25,000 USD
    - 1:1 — 1:200 for accounts from USD 25,000 up to USD 100 000
    - 1:1 — 1:100 for accounts from USD 100,000 up to USD 1,000,000
    - Negotiable for accounts over 1,000,000
View contract specifications

Reviews

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

, Canada.

Hello Again,

It seems to me that FXOpen does not want to give any profits to customers. What I earned in past 6 months is due to my hard work & its my money, not yours.

I tripled my balance withing this time. But the fact that, my balance was almost unaffected due to the Feb incident,(I was lucky).This made them jealous.They want to take money from their customers a/c showing this cause & their trick didn't work for me.

Then FXOpen removed my balance telling adjustment!!!!!

How funny!!!

You have no right to play unfair with others money .

You can go through my a/c before and after that incident....

Wish I could post my a/c proofs here to show others.....

What ever good thing is I am no longer with FXOpen and would advise peple to go for regulated Good Brokers.

, FXOpen - Malaysia.

@Deb

Your account has been rechecked and the adjustment was found to be accurate.

The dealer advised me that you benefited unfairly from the server error recently on server 1 which made it necessary to make adjustments. Others who had losses from the server error had their losses removed so in balance, we have acted in a fair and even handed manner to correct all accounts affected.

Deb, what also you fail to mention is that you have in fact DOUBLED your account and WITHDREW the profits SUCCESSFULLY. Is that a scam to you?

, Canada.

Hello again,

Just to update,it has been 3 days since I sent an email to Jafar Calley with proof, no ans yet.

Thats how they deal(cheat) with customers.

The reason I am posting my experience with FXopen here because no one can complain in their Website about their scam,they remove those posts and banned a/c.

I know there are many traders out there scammed by FXOpen who don't want to discuss it in the web.

So I am here to let you know FXOpen Scam.

So avoid them.

Cheers

, FXOpen - Malaysia.

@Deb - Canada: I am having your account checked again. Please email me jafar.calley@fxopen.org

@Mark - USA: You have evidence? Please email me jafar.calley@fxopen.org

@hans_defretes - Indonesia: Ask your "friend" to contact me jafar.calley@fxopen.org

Everyone needs to realise that it helps if you communicate with the company before posting of your problems on a review site :)

, Indonesia.

I really agree with you deb (Canada).

They're rob the customers money though down of the server.

It's really ridiculous!

The friend of mine shown me all of the evidences that his account loss by 20% after the server recovered.

Beware of this broker.

, USA.

FXOpen is a scam. They took all my money without any notice.

I have lost $3000 money with this scam.

Stay away from this fraud company.

, Canada.

Hi All,

I am writing again to let you know that

FXOpen reduced my balance 20% which was unaffected on Feb 9 incident , I have all the proofs to show.

If you are(FXOpen) not a scam as you want to claim, go through my a/c 299672, calculate manually, you will see how I have been cheated .

1. They removed same amount money without notice.

2. Then They removed same amount money with notice.

So they removed double my money.

Beware of them. This the mail I got after 11days.

Dear Sir,

Your account should be adjusted today.

Please, check your account history in the Meta Trader 4 and see if adjustments have been made.

The adjustments that should be made in your case – trade #22366588 =-4741,24, trade #22366553 =-966,76

Please, confirm that you have seen these adjustments in your account history.

Should you have any questions, feel free to contact us by e-mail (support@fxopen.com) or use FXOpen Live Chat to get immediate assistance http://livesupport.fxopen.com/Chat.aspx

Best Regards, FXOpen Support Team

, Malaysia.

@George Roberts

1) Phone numbers and other details will be added back into the site after planned website maintenance and a new theme. All information required by our new regulator will be on the website for all to view.

2) FXOpen is fully complying with the request from the CFTC and will make a press release after all issues have been discussed and resolved.

, Cyprus.

Total Scam; they have removed their telephone numbers and fax numbers from the website. Additionally their are one of the 14 unregistered and non licensed brokers sued by the CTFC. I cannot refer to the third party website that is posting this but you can feel free to Google "14 brokers sued by CTFC to fidn out for yourself".

Stay Away from this outfit

, Nigeria.

FXOPEN they are the best to me i quadrupled my account in a week and they paid my proceeds, i have been using them since 2005, their platform accepts my trading systems and that is good, i dropped my job and went into full time trading, they are very good. ever sice trading with them has been sweet. trade today withdraw tomoorow. very fast.

, Malaysia.

Hello Deb,

I am sorry to hear what you are writing,but I need to explain something.

We had server Real-1 problems due to software malfunction which destroyed all date for 2 trading days but we guaranteed that all accounts will be restored to the previous balances (8th of February). This kind of malfunction with Server 1 happened 1st time in all our history and we are sorry for that. If you still think that our dealers did something wrong you can write in our public forum and we can discuss in public and fix if any mistake from our side was made.

Regards, Denis.

, Canada.

Dear Traders,

FXOpen is a pure scam which I have realized after spending 6 months with them. They trick you when you start to make money.

They sometimes show network problem to lose you money.

First time I thought they are good as you can withdraw money very quickly. Over the time I deposited and built my balance.

After 5 months learning I started making money quickly.

Now they showed me their real face.

Last Feb 09, 2011 they shutdown one of their servers and made the clients lose money.

After one day the said it was Force Majuere and deleted my profitable trades and kept the ones with loss.

They restored trading position which is older than 2 days.

In this process they took away $600+ from two of my accounts.

I mailed them but they didn't bother to answer any of my e-mails. When I went to live chat, they told me to contact with dealer1 & gave me lame excuses.

You can't call them because they don't have any phone no.

Next 2 days they took $100 more saying that they are adjusting my balance.When I checked all my transaction history & manually calculated my balance in Excel, I found another scam about their calculations.There should have been $400 more in my account which was missing. Again I mailed, again no answer.

Now, after 6 months with them I have $169 and all profits gone.

My total deposit was $350.

So if you don't want to lose money dont go with them.

I have learned it in the hard way.

I can show you all my transactions with them.

Today 21feb-2011, I took out all my remianing from them.

* FXOpen doesn't have any license . All their licenses are cancelled now. Now they are trying to get AUS license.

BEWARE OF THEM.

GOOD LUCK

, FXOpen.

FXOpen's new license with the Australian Securities and Investments Commission has reached final review status and is expected to be approved in February 2011.

You can review our progress at http://www2.search.asic.gov.au/cgi-bin/gfs010c?origin=flb&licence_no=392733&role_type=FB&cond_sdate=&cond_stime=&rep_no=%20&a7=&a8=&a9=&a10=&a11=&a12=&a13=&start_date=

, UK.

Do not open Account whit fxopen.license has been suspended by FSC and you will lose money loke me.

, RIga.

I think it is amazing meta broker with amazing offers for scalpers.So far no any serious problems with them.

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