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.
This FXOpen review covers regulation, fees, platforms and bonuses.
Official website: FXOpen
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.
About FXOpen
FXOpen Review: An Overview for Traders
FXOpen is an ECN forex broker that was established in 2005 and is based in New Zealand. Its head office is at Level 3, 187 Queen Street, CBD, Auckland 1010, New Zealand, and the broker can be reached by phone on +64 9 801 0123. The official website is fxopen.com.
An ECN (Electronic Communication Network) broker passes client orders to a network of liquidity providers rather than trading against clients directly. For many traders, this model is the main reason to look at a broker like FXOpen, because it is designed to give access to market prices and tighter spreads. As with any broker, the real conditions depend on your account type, your country, the instrument you trade and market conditions at the time.
FXOpen aims at a wide audience. It offers a low minimum deposit, a range of account types, several trading platforms and a long list of payment methods. It also serves clients in many languages. This review looks at what the broker offers, where the terms need careful reading, and who it may suit.
Regulation and Safety
Regulation is one of the first things to check when you choose a broker. FXOpen is regulated by two authorities: the Australian Securities and Investments Commission (ASIC), under AFSL 412871, and the UK Financial Conduct Authority (FCA), under licence 579202. Holding more than one licence can add layers of oversight, but it does not remove risk. Before you open an account, confirm which entity you would be contracting with and check that the licence details match the broker's official website and the regulator's public register.
FXOpen also states that it keeps segregated client funds. In general, segregation means client money is held separately from the company's own operating money. This is a useful safeguard, but it does not protect you from trading losses. Segregation and regulation reduce some risks, while market losses remain your own responsibility.
Account Types
FXOpen offers a broad selection of accounts, which can suit beginners and more experienced traders alike. The broker lists the following options:
- Free demo account: a practice account with no cost, useful for learning the platform and testing strategies before you use real money.
- Mini accounts: accounts designed for smaller trade sizes, which can help new traders manage their exposure.
- VIP accounts: accounts with a different set of features, usually linked to higher deposit levels. Check the official terms for the exact requirements and benefits.
- Islamic accounts: swap-free accounts for clients who need Sharia-compliant trading conditions.
- Swap-free accounts: accounts that do not charge overnight swap fees on positions held open for multiple days.
- Managed accounts: accounts where trading may be handled by a manager on the client's behalf. These carry their own risks and should be studied closely before you commit funds.
Account base currencies include GBP, EUR and other options, so you can choose a currency that fits your funding method and home currency. Confirm which base currencies are available for your account type and region before you sign up.
Trading Platforms
FXOpen offers MetaTrader 4 (MT4), one of the most widely used retail trading platforms. MT4 is known for its charting tools, indicators, and support for automated trading through Expert Advisors. Traders who are already familiar with it will find the workflow easy to adopt.
Clients can access trading through the web browser or on mobile devices, so positions can be monitored away from a desktop computer. Note that the broker's listed platform is MT4 only, so traders who want other platforms should check whether they are available before opening an account.
Spreads, Fees and Leverage
FXOpen states that its spreads start from 0.0 pips. Spreads are the difference between the buy and sell price, and they are one of the main trading costs. Advertised minimum spreads are rarely the spreads you pay all the time. They can widen during volatile news events, at market open and close, or on less liquid instruments. Compare the typical spreads on the instruments you trade, not only the lowest figure on offer.
Leverage at FXOpen can reach 1:500. High leverage allows you to control a larger position with a smaller deposit, but it magnifies both profits and losses. The broker notes that leverage may be lower depending on your country and account type, so the maximum figure may not apply to you. Trading forex and CFDs on leverage carries a high risk of losing money, and a small market move can cause large losses. Use position sizing and stop-loss orders, and never risk money you cannot afford to lose.
FXOpen allows hedging, scalping and news trading. These strategies can suit some traders, but each has risks. Scalping relies on very small price moves and can be heavily affected by spreads and execution quality. News trading can expose you to fast price jumps and slippage. Check the broker's full trading rules before you use any of these approaches.
The minimum deposit is $1, which is a low entry point compared with many brokers. A low minimum makes it easier to test the platform with real money, but it does not mean you can trade profitably with a small balance. Small accounts are more exposed to margin calls and rapid losses.
Deposits and Withdrawals
FXOpen supports a large number of deposit methods, including bank wire transfers, local bank transfers, credit and debit cards, and popular e-wallets such as Neteller, Skrill and Perfect Money. It also lists cryptocurrency options, including Bitcoin, Litecoin and Namecoin, and several regional payment services.
Withdrawal options include bank wire transfers, local transfers, credit and debit cards, WebMoney, DixiPay, QIWI Wallet, Skrill, FasaPay, Payza, Neteller, Bitcoin, Litecoin, Namecoin and Perfect Money. Not every deposit method is available for withdrawals, so check which channels can be used in both directions before you fund your account.
Before choosing a method, look at the fees, processing times and any limits that apply in your country. Some payment providers charge their own fees, and currency conversion can add costs. Keep your payment records, as they may be needed for verification or disputes.
Bonuses and Promotions
FXOpen lists a welcome bonus, a no-deposit bonus and other promotions. A no-deposit bonus is typically offered without requiring an initial payment, while welcome bonuses are usually linked to a first deposit. Bonuses often come with conditions, such as trading volume requirements, withdrawal restrictions, expiry dates or eligibility rules that differ by country and account type.
Bonus terms can change, so always read the current conditions on the official website before you deposit or claim an offer. Look for details on how the bonus is credited, what must be done to unlock it, and whether any profits from the bonus can be withdrawn. If the terms are unclear, contact the broker and ask for written answers before you commit funds.
Customer Support
FXOpen can be contacted by phone on +64 9 801 0123, and its head office address is listed as Level 3, 187 Queen Street, CBD, Auckland 1010, New Zealand. The website is available in Arabic, Chinese, German, Indonesian, Malay, Portuguese, Russian and Spanish, which can help clients who prefer to read in their own language.
Details such as opening hours and other support channels are not covered in this review. Check the official website for the current contact options and test the response time with a simple question before you deposit.
Pros and Cons
Pros
- ECN model with spreads stated to start from 0.0 pips
- Regulated by ASIC (AFSL 412871) and the FCA (579202)
- Segregated client funds
- Low minimum deposit of $1
- MetaTrader 4 available on web and mobile
- Free demo account for practice
- Range of account types, including Islamic, swap-free, mini and VIP accounts
- Hedging, scalping and news trading allowed
- Large selection of deposit and withdrawal methods
- Website available in eight languages
Cons
- Leverage up to 1:500 can greatly increase the risk of losses
- Leverage may be lower depending on country and account type
- Only MetaTrader 4 is listed as a platform
- Advertised spreads may not reflect typical spreads during volatile markets
- Bonus conditions are not detailed in this review and can change
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.
