FXOpen
FXOpen Broker Overview
Here is every key fact about FXOpen in one table — regulation, contact details, deposit rules, leverage, spreads, platforms and account features.
| Feature | FXOpen |
|---|---|
| Broker name | FXOpen |
| Foundation year | 2005 |
| Headquarters | Auckland, New ZealandLevel 3, 187 Queen Street, Cbd,Auckland, 1010New ZealandPhone:+64 9 801 0123 |
| Country | New Zealand |
| Telephone | +64 9 801 0123 |
| Email / Skype | sales@fxopen.com |
| Fax | +7 (495) 646-38-24 |
| Regulated by | ASIC - AFSL 412871, FCA - 579202 |
| Type of broker | ECN |
| Min. deposit | $1 |
| Max leverage | 1:500 |
| Min. spreads | 0.0 Pips |
| Funding methods | Bank Wire Transfer, Netbanx, Local Bank Transfers, China Union Pay, Credit/Debit Cards, WebMoney, Neteller, Skrill, QIWI Wallet, Perfect Money, Payza, SorexPay, Yandex Money, FasaPay, IntellectMoney, Wallet One, Bitcoin, Litecoin, Namecoin, RBK Money, De |
| Withdrawal methods | Bank Wire Transfer, Local Transfer, Credit/Debit Cards, WebMoney, DixiPay, QIWI Wallet, Skrill, FasaPay, Payza, Neteller, Bitcoin, Litecoin, Namecoin, Perfect Money |
| Base currencies | GBP,EUR or More |
| Languages | Arabic, Chinese, German, Indonesian, Malay, Portuguese, Russian, Spanish |
| Trading platforms | MetaTrader 4 (MT4) |
| Web trading | ✓ Yes |
| Mobile trading | ✓ Yes |
| News trading | ✓ Yes |
| Hedging & scalping | ✓ Yes |
| Free demo account | ✓ Yes |
| Mini accounts | ✓ Yes |
| VIP accounts | ✓ Yes |
| Managed accounts | ✓ Yes |
| Segregated accounts | ✓ Yes |
| Islamic accounts | ✓ Yes |
| Swap free accounts | ✓ Yes |
| No deposit bonus | ✓ Yes |
| Promotion | Yes |
In simple words: traders get MetaTrader 4 (MT4), spreads from 0.0 Pips, leverage up to 1:500 and a $1 minimum deposit. New clients can also check the current Yes.
Is FXOpen Safe? Regulation and Company Details
FXOpen is a regulated broker. ASIC - AFSL 412871, FCA - 579202. The broker says client money is kept in segregated accounts, separate from company funds.
Regulation
ASIC - AFSL 412871, FCA - 579202
Head office
Auckland, New ZealandLevel 3, 187 Queen Street, Cbd,Auckland, 1010New ZealandPhone:+64 9 801 0123 (New Zealand)
Client funds
Client money is held in segregated accounts, apart from company funds.
Track record
In business since 2005. Support is reachable by phone and email.
Tip: Always check the licence number on the regulator's own website. Offshore regulators do not offer the investor compensation schemes or leverage caps of top-tier regulators such as the FCA or CySEC, which is why leverage here can reach 1:500.
FXOpen Trading Conditions
Spreads and commissions
FXOpen spreads start from 0.0 Pips. Raw-spread style accounts usually charge a small commission per lot, while commission-free accounts have wider spreads. If you trade often or scalp, the raw option is usually cheaper.
Leverage
Maximum leverage reaches 1:500, depending on the account type and the instrument you trade. High leverage lets you open bigger positions with less margin, but losses grow just as fast.
Trading platforms
MetaTrader 4 (MT4)
Desktop platform
Trading styles allowed
Hedging, scalping and news trading are allowed — good news for short-term traders. Web and mobile trading are available.
FXOpen Account Types
FXOpen offers several account options so both beginners and experienced traders can find a fit. Live accounts start from a $1 deposit.
Free demo account
Practise with virtual money and test strategies risk-free.
Mini accounts
Smaller trade sizes and a low entry cost for beginners.
VIP accounts
Tighter pricing and priority service for larger balances.
Managed accounts
Let a strategy provider or money manager trade for you.
Segregated accounts
Client funds are kept apart from company money.
Islamic / swap-free
No overnight swap charges, in line with Sharia principles.
You can open accounts in these base currencies: GBP,EUR or More. Choosing the currency you spend in helps you avoid conversion fees.
Deposits and Withdrawals at FXOpen
FXOpen supports the deposit and withdrawal methods below. Check the fee and processing time for your method before you deposit.
Withdrawal methods
E-wallets are usually the fastest. Bank wires take longer and your bank may charge a fee. Finish identity verification (KYC) early so your first withdrawal is not delayed.
FXOpen Bonus and Promotions
Bonuses are a big reason traders search for FXOpen. Availability depends on your country and the account type.
- Yes — the current promotion for FXOpen clients. Check the volume rules before you claim it.
- No deposit bonus — free trading credit for new verified clients, without funding first.
How bonus credit really works
- Bonus credit is used as margin; it usually cannot be withdrawn directly.
- Profits made with the bonus are yours, but a minimum trading volume often applies first.
- Withdrawing money early can remove part or all of the bonus.
- Bonuses are not offered in every country or on every account type.
Bonus terms change often. Always read the latest rules on the official FXOpen website before accepting any offer.
FXOpen Pros and Cons
Pros
- Regulated: ASIC - AFSL 412871, FCA - 579202
- Yes
- Low $1 minimum deposit
- Spreads from 0.0 Pips, ECN execution
- MetaTrader 4 (MT4)
- Hedging and scalping allowed
- Islamic, mini, VIP and managed accounts
Cons
- Bonus comes with trading-volume rules
How to Open an FXOpen Account
- RegisterFill in your name, email, country and phone number on the FXOpen sign-up page.
- Verify your identityUpload a photo ID and a proof of address (utility bill or bank statement).
- Choose an accountPick the account type, base currency, leverage and platform (MT4).
- Fund and tradeDeposit from $1 with your preferred method, claim any eligible bonus, then log in and start trading.
Risk warning: Leveraged products such as forex and CFDs may not suit all investors and carry a high risk to your capital. Make sure you understand the risks, consider your goals and experience, and seek independent advice if needed.
Final Verdict: Should You Choose FXOpen?
FXOpen offers a $1 entry cost, MT4 platforms and a track record since 2005.
FXOpen suits traders who understand the risks of leveraged CFD trading. Start small, test a withdrawal early and use sensible leverage.
