Fxopen Review - Top Forex Brokers

FXOpen is a well-established forex broker that has been in operation since 2005. The company is regulated by the Financial Services Commission (FSC) of St. Vincent and the Grenadines and offers a wide range of trading platforms, account types, and trading conditions to suit traders of all levels of experience.

Trading Platforms

FXOpen offers three main trading platforms:

  • MetaTrader 4 (MT4): MT4 is a popular platform that is known for its user-friendliness and wide range of features.

  • MetaTrader 5 (MT5): MT5 is the next-generation platform from MetaQuotes Software. It offers a number of enhancements over MT4, including more advanced charting capabilities and more order types.

  • FXOpen Markets: FXOpen Markets is the company's proprietary web-based trading platform. It offers a number of unique features, including social trading and copy trading.

Account Types

FXOpen offers four main account types:

  • Micro: The Micro account is designed for beginners and traders with small accounts. It has a minimum deposit of $1 and offers spreads from 0.1 pips.

  • Standard: The Standard account is a good all-around choice for most traders. It has a minimum deposit of $100 and offers spreads from 0 pips.

  • ECN: The ECN account is designed for experienced traders who want to trade with raw spreads. It has a minimum deposit of $100 and offers spreads from 0 pips.

  • Demo: The Demo account is a free account that allows you to practice trading with virtual money.

Trading Conditions

FXOpen offers competitive trading conditions, including:

  • Tight spreads: Spreads start from 0 pips on ECN accounts.

  • Low commissions: Commissions are low, especially on ECN accounts.

  • Fast execution: Orders are executed quickly and efficiently.

  • No requotes: FXOpen does not requote orders.

Additional Features

FXOpen offers a number of additional features, including:

  • Copy trading: Copy trading allows you to automatically copy the trades of successful traders.

  • Social trading: Social trading allows you to share your trading ideas with other traders and follow the trades of other traders.

  • Educational resources: FXOpen offers a wide range of educational resources, including webinars, seminars, and articles.

  • 24/7 customer support: FXOpen offers 24/7 customer support in multiple languages.

What Actual Clients Are Saying About FXOpen

FXOpen has a good reputation among traders. Here are some reviews from actual clients:

  • "I have been trading with FXOpen for over a year now and I am very happy with their service. The spreads are tight, the commissions are low, and the execution is fast." - John S., United States

  • "I am a beginner trader and I found FXOpen's educational resources to be very helpful. I was able to learn the basics of forex trading and start making profitable trades." - Jane D., United Kingdom

  • "I use FXOpen's copy trading feature and I have been very impressed with the results. I have been able to consistently make a profit by following the trades of successful traders." - Peter A., Australia

Overall, FXOpen is a reputable forex broker that offers a wide range of trading platforms, account types, and trading conditions to suit traders of all levels of experience. The company also offers a number of additional features, such as copy trading, social trading, and educational resources. If you are looking for a reliable and trustworthy forex broker, FXOpen is a good option to consider.

Please note that this is not a substitute for professional financial advice. You should always do your own research before making any investment decisions.