218 reviews of FXOpen are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.
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.
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=
Do not open Account whit fxopen.license has been suspended by FSC and you will lose money loke me.
I think it is amazing meta broker with amazing offers for scalpers.So far no any serious problems with them.
It is a good alternative for US citizens since our last regulation changes.I am satisfied with ECN services they provide.
i was doing profit with ECN account everything was alright till they show their real face, let me say honestly, you guys, BE CAREFUL of them, they are SCAM, the proof is that, today my position was open and i was sure even in profit but i waited take profit level, even it saw the point i stated they didn't give my profit, anyway, it went up, FXopen is a real artist, and scam, soon i wanna withdraw the money in my account and close my account, FXOPEN IS SCAM.
I am happy with FXopen. They have great customer service, quick deposits and withdrawals. I received my Alertpay and Moneybookers withdrawal requests in just a few hours. So far, FXOpen have been outstanding.
fxopen is a very good ECN broker and I would recommend them to anyone else.
This broker is great!!! Fast payment in a hour!!! recommended and trusted!!!
The Mauritius Licence only ever had legal binding in Mauritius alone so losing that licence has not affected the company in any way. We continue to work on an offshore basis.
You want CEO pictures, biographies of directors and upper management, new licences? Just wait a little. FXOpen you may have noticed has been undergoing some changes of late. Changes to bring the company in line with new Regulators, and new licences in Major jurisdictions. (and I don't mean CySec which is not a serious regulator anyway)
Stay tuned. Trading with FXOpen is about to become a whole lot more regulated, and a whole lot better.
well, now their license is fully revoked by FSC MAuritius. i contacted FXOPEN many times and nobody seem to be able to tell me where they are licensed...so this means they are running business WITHOUT ANY license...if they are so good than why not get a license?? also i see the post up here...guys...i know some of you...i met you guys before...you guys are IBs that are getting paid BIG FAT commissions...have aheart for heavens sake...don\'t take inocent people to the slaughter house just so you can earn rebates....some of you have even changed your mobile numbers and are no longer answering calls...just like the company..why hide if all is good? why can\'t FXOPEN show us traders the license if they have one..i would say that the authorities should announce these guys to be scams..
let me ask this...why would any jurisdiction take away FXOPEN license if they do all things right?? from day one i remember..and i asked the company when i opened account with them...why is there such thing as i can load my account by paying money to an IB??? where is the AML check in this?? why use payment methods that are not regulated?? all because you wanna get simple people to give money to company and make it easy to collect money??? now...with this happened...let me ask a question...who can i go after if the company runs away with my money??? which authority?? if FXOPEN is so real..why isn\'t the directors and CEOS pictures up on the website?? if you have no license and asy you are for real..give the clients the info on who owns the company??? where can we check this??
so for one last time....where is your license??? i am tired of asking the company and no feedback???
I had accounts at 8 major brokers (and cancelled 4 so far) and I must say FxOpen is one of the best out there in terms of customer service, execution, fill and delay of orders... I'd really like to see folks clarify their negative reviews by providing more details since I plan to fund Std and ECN accounts with FxOpen..
In just a simple way i we say this broker is good in term of customer service and withdraw process is fast and the trading platform is OK they even allow scalping, i say no reason anybody will complain about this broker.
some people goes for poor forex training and end up in lost only to put the blame on there broker
This is my broker of choice now. I have an ECN account which I am scalping on. Extremely fast execution and no requote at all!
Three words are sufficient tell all about this broker SCAM!CHEAT!Swindler
To submit your own Forex Broker review for FXOpen fill the form below. Your review will be checked by a moderator and published on this page.
By submitting a Forex Broker review to EarnForex.com you confirm that you grant us rights to publish and change this review at no cost and without any warranties.Make sure that you are entering a valid email address. A confirmation link will be sent to this email. Reviews posted from a disposable e-mail address (e.g. firstname.lastname@example.org) will not be published. Please submit your normal e-mail address that can be used to contact you.
Please, try to avoid profanity and foul language in the text of your review, or it will be declined from publishing.