FXOpen – a forex broker that has been providing its services for over 15 years.
The company was the first to offer trading through ECN and provides access to trading with cryptocurrencies Bitcoin and Litecoin.
FXOpen stands out from other brokers with the lowest spreads on the market (from 0 points), high leverage, sections with news and analytics, as well as a variety of payment systems for deposits and withdrawals.
The brand is owned by FXOpen Markets Limited, founded on the island of Nevis in 2005. It is also a member of The Financial Commission.
Trading Conditions at FXOpen
FXOpen offers trading in currency and cryptocurrency pairs on MT4, MT5, TickTrader, and WebTrader platforms. Additionally, PAMM accounts, automated trading, news and analytical sections, as well as partnership and bonus programs are available.
- Micro. Zero commissions, floating spreads, trading micro lots from 0.1 unit, leverage up to 1:500. Maximum balance – 3,000 USD.
- STP. No commissions and deposit size requirements, tight spreads, 50 Forex pairs, trading lots from 0.01 unit.
- ECN. Market spreads from 0 points, access to interbank liquidity, over 50 instruments. Commission per lot – 1.5 base currency.
- Crypto. Access to 43 cryptocurrency pairs, leverage 1:3, commission 0.25% of trade volume.
Deposits and Withdrawals at FXOpen
The platform collaborates with Visa, MasterCard, Wire Transfer, MIR, WebMoney, EPay, Prepaid Card, SEPA. Minimum deposit – 1 dollar, no deposit fees.
The withdrawal amount – from 1 dollar for transfer to FXOpen eWallet or 10 dollars and above through other methods. The fee depends on the chosen system.
Conclusions
Overall, FXOpen attracts users with low spreads, high leverage, and the ability to start trading with a minimal deposit.
Trading in financial markets is a high-risk activity, so it is important to consult with specialists before making decisions.
I am dissatisfied with FXOpen’s services due to their lack of transparency and slow customer support response times.