Fxopen no deposit bonus review

Useful margin and pip value calculators are available on the broker’s website.

Best forex bonuses

FXOpen Review and Tutorial 2021, fxopen no deposit bonus review.

Advanced technical analysis tools (30+ indicators)
Customisable user-friendly interface
One/double click trading mode
Detailed charting system
Trading alert system
Strategy back tester
Level 2 pricing

fxopen ticktrader platform

Fxopen review and tutorial 2021

Fxopen is a highly regulated FX & CFD broker offering multiple trading platforms.

Trade major, minor & emerging forex pairs with 1:30 leverage.

Trade on dozens of cryptocurrency coins with 1:2 leverage.

Fxopen is an ECN forex broker offering a range of CFD instruments using the metatrader 4 (MT4) and metatrader 5 (MT5) trading platforms. This review will cover account types, fees, minimum deposits, and more. Find out if you should sign up with fxopen.

Fxopen details

Fxopen started as an educational centre offering courses within financial markets. Then in 2005, a group of traders turned the company into a global brokerage with offices in the UK, russia, new zealand, and australia. Today, the broker’s thousands of traders can be found everywhere from canada and germany to vietnam and nigeria.

The fxopen group operates under FX markets limited, a company registered in charlestown, nevis. Fxopen UK is authorised and regulated by the financial conduct authority (FCA). Fxopen australia is regulated by the australian securities and investments commission (ASIC).

Trading platforms

Metatrader 4

Fxopen was the first broker to offer ECN and STP trading via metatrader 4 (MT4), an award-winning platform that boasts instant trade execution at competitive prices.

MT4 is ideal for both beginners and experts and offers a range of customisable features, including:

50+ built-in indicators & graphical objects for technical analysis

Three types of orders (market, limit, and stop)

Intuitive charting package

Automated trading (eas)

Rich historical data

One-click trading

Trading signals

MT4 is available for download on windows pcs and can be accessed from the platforms page on the broker’s website.

Fxopen also offers the web-based version of MT4 – a great option for those with apple mac pcs, where a direct download is not available. The webtrader terminal has all the same features of the desktop version and is compatible with all major desktop browsers.

Metatrader 5

Fxopen also offers the metatrader 5 (MT5) platform, offering all the features of MT4 with several additional benefits:

80+ built-in indicators & graphical objects for technical analysis

21 timeframes to track price movements

Multi-currency strategy tester

Netting & hedging allowed

Economic calendar

Note, cryptocurrency trading is not available on MT5.

MT5 is available for download on windows pcs and can be accessed from the broker’s website.

Ticktrader

For non-UK customers, fxopen also offers ticktrader, a brand new trading platform offering much of the same features as metatrader and more. Using one trading account – ticktrader ECN, the platform is suitable for both beginners and experts.

Advanced technical analysis tools (30+ indicators)

Customisable user-friendly interface

One/double click trading mode

Detailed charting system

Trading alert system

Strategy back tester

Level 2 pricing

fxopen ticktrader platform

A web-based version of ticktrader is also available. Supporting all the major browsers and operating systems, the ticktrader web terminal offers easy and quick access to trading without the need for a download and without compromising on any features. Users can access the web terminal from the fxopen website.

Markets

Fxopen offers four key markets:

Currencies – trade over 50 major, minor, and exotic currency pairs.

Indices – trade nine global indices including the FTSE 100 and S&P 500.

Commodities – trade on energy and metals such as gold, silver, and crude oil.

Cryptocurrencies – trade over 40 crypto cfds including bitcoin, ethereum, and ripple.

Spreads & commissions

For major forex pairs including EUR/USD and GBP/USD, spreads average around 0.2 pips, whilst for EUR/GBP, spreads are around 0.5 pips. Spreads for the FTSE 100 start from 0.8 pips while for gold and silver, spreads start from 0.27 and 1.2 respectively. Crude oil spreads average around 4 points.

With ECN accounts, forex commissions are charged based on the account balance and start from $3.50 for accounts lower than $1,000 and reduce to $1.50 for account balances over $250,000. Discounted rates for high volume traders are available. Similarly, for cfds indices and commodities, commissions start from $5 for lower account balances and reduce to $3.50 for higher balances. Crude oil and natural gas are charged at either 0.005%, 0.0025%, or 0.0018% per side, depending on the account balance. For cryptocurrency CFD accounts the commission is 0.5% per side.

With STP accounts, the commission is included in the spread.

Other fees to be aware of include swap charges on positions held overnight. Fxopen provides instructions on how to look up a swap fee on their website.

Leverage

Leverage is available from 1:2 for cryptocurrency trading and 1:30 for forex investing. Leverage for indices is set at 1:20 and for commodities, maximum leverage is 1:10, apart from gold which is available at 1:20. Professional clients can access leverage up to 1:500. Speak to the support team to change leverage levels.

Useful margin and pip value calculators are available on the broker’s website.

Mobile apps

Fxopen offers all of its trading platforms (MT4, MT5, and ticktrader) as mobile apps, compatible with ios and android smartphone and tablet devices. The mobile apps provide the same features as the desktop versions as well as added features including push notifications. The apps can be downloaded from the user’s app store or play store.

Fxopen mobile trading

Payment methods

Deposit

Fxopen offers several deposit options in USD, EUR, or GBP. Whilst some options are free, there are some fees to be aware of:

Bank wire transfer – free

Credit/debit cards – free

Webmoney – 3.5%

Trustly – free

Neteller – 1%

Skrill – 2%

Minimum deposits range from 10 GBP, USD, or EUR for cards and go up to 300 for wire transfer. For webmoney, trustly, neteller, and skrill, minimum deposits in the chosen currency are 50.

There is no maximum deposit limit for wire transfer. For cards, the limit is 15,000 (GBP, USD, or EUR) and for e-wallets, maximum deposits are either 10,000 or 20,000.

Note that fxopen also permits virtual prepaid cards for new clients. Local deposits are also available for malaysia and indonesia. Details of these can be found in the help centre.

Withdrawal

Withdrawal methods and fees are as follows:

Bank wire transfer – free for GBP, 30 USD, or 15 EUR

Credit/debit cards – free

Webmoney – 3.5%

Neteller – 1%

Skrill – 2%

Withdrawal times for bank wire transfer usually take 1 – 3 business days, whilst cards take 2 – 5 business days. The minimum withdrawal for bank wire transfer is 50 GBP, USD, or EUR, and for all other methods, the minimum is 10. There is no maximum withdrawal limit for bank transfers, but for card withdrawals, the limit is set at 15,000 GBP, USD, or EUR. All other methods are either 10,000 or 20,000.

Demo account

Fxopen offers a demo account in any of the three account options and with MT4, MT5, and ticktrader platforms. The demo account can be opened from the main page and gives users up to $1,000,000 in virtual funds. The demo server will remain accessible as long as you log in each month. You can then upgrade to a live real-money account when you’re ready.

Bonuses & promotions

For non-UK customers, fxopen offers a $10 no deposit bonus (NDB) for the ECN ticktrader account and the STP PAMM accounts. There is also a $1 welcome bonus for micro accounts and a forexcup trading contest bonus, subject to demo contest terms and conditions. See the broker’s website for the latest promotional codes.

There are currently no bonuses or promotions for traders located in the UK.

Regulation & reputation

Fxopen UK ltd is authorised and regulated by the financial conduct authority (FCA) in the united kingdom. Fxopen australia is regulated by the australian securities and investments commission (ASIC). The broker receives a decent trust rating in customer reviews.

Fxopen also offers negative balance protection for its retail customers.

Additional features

Fxopen offers several additional features, suited to both beginner and expert traders:

Market news

FIX API trading

Customer forum

Economic calendar

VPS (virtual private server) available

Help centre with support options and knowledge base

Myfxbook and zulutrade social and copy trading (non-UK only)

Account types

There are three account types available for UK customers: STP, ECN, and crypto. Tradeable instruments with the STP account are forex, gold, and silver. With the ECN account, you can trade forex, gold, silver, indices, and energy. With the crypto account, you can trade cryptocurrencies.

The minimum deposit across all three accounts is 300 GBP, USD, or EUR, which is fairly high compared to the likes of XM trading and IC markets. There are no commissions with the STP account, however, a commission is charged from $1.50 per lot in the ECN account and 0.5% half-turn in the crypto account. Leverage goes up to 1:30 in the STP and ECN accounts and remains at 1:2 for the crypto account. The minimum transaction size across all three is 0.01 lots.

Fxopen also offers PRO versions of the STP, ECN, and crypto accounts, with higher leverage of 1:500 and lower commission rates. Details of this can be found in the pro tab at the top of the broker’s website.

Note that the fxopen UK entity is unable to provide PAMM accounts.

Benefits

If you look at fxopen vs the likes of FXTM and fxpro, traders benefit from:

MT4, MT5, & ticktrader platforms

Positive customer reviews in 2021

Regulated in the UK & australia

Decent cryptocurrency offering

True ECN model

Drawbacks

Disadvantages of choosing fxopen include:

High minimum deposit for UK customers

More suited to experienced traders

Limited educational tools

Limited range of cfds

Trading hours

Trading hours for forex, indices, and commodities run from 22:00 on sunday to 22:00 on friday (UK time). All crypto instruments are tradable 24 hours a day, 7 days a week.

Check the timezone in your area.

Customer support

There are several ways traders can contact fxopen customer support:

Email – support@fxopen.Co.Uk

Help centre – submit a ticket after registration

Customer support telephone – +44 (0) 203 519 1224 (8am – 6pm GMT)

Trading desk telephone – +44 (0) 203 519 1224 (10pm sunday – 10pm friday GMT)

Live chat including whatsapp & facebook messenger – located in the bottom right-hand corner of the website

The support team can help with ewallet and bitcoin deposits, withdrawal problems, and proof of address queries.

User security

Both the MT4 and MT5 platforms follow industry-standard security requirements, including 128-bit secure sockets layer (SSL) encryption and two-step verification upon login. All client funds are fully segregated at barclays bank plc or lloyds bank plc in london.

Fxopen verdict

Fxopen is a good ECN broker providing a competitive trading environment with multiple platforms for active traders. Although education resources are fairly limited, the low spreads and commissions, as well as a strong track record make it an attractive option, particularly for high volume traders.

Accepted countries

Fxopen accepts traders from australia, thailand, canada, united kingdom, south africa, singapore, hong kong, india, france, germany, norway, sweden, italy, denmark, united arab emirates, saudi arabia, kuwait, luxembourg, qatar and most other countries.

Traders can not use fxopen from belgium, japan, united states.

Is fxopen regulated?

Yes, the brokerage holds licenses with the FCA in the UK and the ASIC in australia. These are two of the most respected agencies and a strong indicator that fxopen is trustworthy.

Is fxopen a good broker for beginners?

Although fxopen is aimed at both beginners and expert traders, there are limited resources available for beginners to learn how to trade. Fxopen also requires a minimum starting capital of £300 which is relatively high.

What leverage is available at fxopen?

Leverage is available up to 1:30 for forex, indices, and commodities, while leverage rates up to 1:2 are available for cryptocurrencies.

What markets are available on fxopen?

You can trade on 50+ FX markets, nine global indices, five commodities, and 40+ cryptocurrencies at fxopen.

How do I open an account with fxopen?

From the broker’s website, you can choose to either open a live account or a demo account from the top right-hand corner. You will need to select which account type you wish to trade and verify your identity and proof of address.

Fxopen review

Fxegypt

Fxopen is a forex broker. FX open offers the mobile, MT4, MT5 and web trading platforms. Fxopen.Com offers over 50 currency pairs, CFD, bitcoin and other cryptocurrencies for your personal investment and trading options.

Fxopen.Com is the nevis branch of fxopen.

The australian branch is at fxopen.Com.Au. The UK branch is at fxopen.Co.Uk

Also known as:
forexbrazilian.Com, fxopen.Ae, fxocnmarkets.Com, fxislamic.Com, fxfrench.Com, fxopengermany.Com, tradefxind.Com, fxmalay.Com, fxopen.Com.Mx, fxopenthai.Com, fxopentrading.Com.

Broker details

deposit methods:

bank wire, VISA, mastercard, epayments, fasapay, intellectmoney, JCB, local bank transfers, maestro, neteller, paytoday, perfectmoney, poli, qiwi, RBK money, skrill, unionpay, webmoney, yandex money

Live discussion

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Traders reviews

Length of use: over 1 year

There's been talk a lot about the credibility of that company see you my personal experience with them to know that.
First of all, in terms of credibility.
So far, I haven't seen anything wrong with that company, so trading with them hasn't had any problems, and I'll give some examples of that.
As for the market movement, I've been watching the market movement, the japanese movement, the pairs movement, comparing it to some other big companies, and I've never found any difference.
The movement of japanese candles can vary in the timing of their closing and opening on different time frames but the price movement is fixed in such timing as other companies and this in terms of market and price movement
as far as the spread is concerned, I've found the spread on different pairs is very small, which is a good thing for this company.
Once upon a time that company did not have a good reputation and had many problems have solved those problems now and no longer exist, the company improved their policy and changed it and one of those problems is the lot was very large but now it is very small to suit all traders
among other problems that were present the company is trading large amounts and I think that problem is also solved now.
The company has its own platform now other than metatrader 4 and metatrader 5, which means that the company has three trading platforms
this is unlike the company's endeavors to bring new customers through the bonus, which is 10 US dollars for registration and began trading as it tries to maintain its current customers by making periodic contests almost one of the most famous of these competitions is the forex cup competition, which reaches a total of 2000 US dollars, which are various competitions throughout the year winners
however, the company is flawed by one thing, which is the bonus system, there are a lot of problems with it, for example, the company determined by the competition announcement about the forex cup competition, which is the publication of the announcement of the competition in other forums and in exchange for each publication a certain amount of cents and after I made those and I might say I'm less at a loss than other members, even if I saw a complaint from one of the members, he was supposed to be sent 200$, and I'm only sending him 50$, and that complaint is in the forum so far.
The disadvantages are also the lack of credibility in sending the bonus they reduced the value of the bonus and reduced competitions and also do not send the bonus where it became not enough for the member to pay the value of the internet package consumed in the work of posts and topics of the company and we hope the management in looking at this and
other than multiple platforms, there are also many accounts such as STP and ECN and many withdrawal and deposit methods, both direct and indirect
and other people are good at dealing with trading and did not happen to me any problems with trading or withdrawals filing to the warren's of good companies that will developing a large in the next period is what the company is trying to do now of the improvements and interest of the company
one of the most important features of the company
account count and low spread easy withdrawal and deposit
one of the most important disadvantages of the company
weak technical support and problems of the arab section and bonus

Nov 23, 2020 - 5 stars and i want to share my experience with all the new traders in the trading world , with my experince in fxopen , i am a trader from 2011 until now , and i tried many company for trading , but i found the best one until now is fxopen , so i am with them now , they are honest company , have many trust license in trading , and the contact with them so easly , and they have many options in trading and also many pairs currency , i did not met any problems with them until now , so if you are a new trader , or even old trader, come and join us for free in fxopen , you will see the differnce by your own eyes,
my advice to every beginner trader first, choose the honest company that you will trade with, such as fxopen after that, you can train in trading by opening a free account without any money and then you can start with real money by opening a real account do not try to greed or compensation. Just analyze the market well before trading and after that start trading with fxopen and enjoy the many discounts offered by the company as well as prizes and fun competitions that continue throughout the year at fxopen

Length of use: over 1 year

I've dealt with them over the past year and gained significant experience in the trading of their way and I see it's from a reputable company that respects the customer and maintains he has them
one of the most important features of this company is trading options and the diversity of accounts and contracts they have STP accounts and ECN accounts and they have many currency pairs that can be traded on them major currency pairs and secondary currency pairs also can through them also trading digital currencies and they work throughout the week i.E. You can trade digital currencies at any
as for their spread is very little either on the account of STP or ECN and for the account of ECN is almost no spread is in some currency pairs does not exceed four points and sometimes a point or two points and for the account of STP the spread starts from 10 points and even 24 points such as trading on the japanese yen / US dollar the company's all on their own.
Features
the company is characterized by low spread, easy trading and the availability of several platforms that can be traded on such as metatrader 4 and metatrader 5 and they also have their own platform
easy withdrawal and deposit and many methods of withdrawal and deposit, we mention the former escrill bank, webmoney and benefit money, there is also the company's own document and also the withdrawal by credit card or bank transfer, all of which is considered one of the means of withdrawal and deposit with the company
disadvantages
mention some of the enemies that the company is not good at dealing large amounts of this I didn't see or notice it during the deliberative with them because trading with them no more than $ 200 and did not find any problems until now.
Their technical support service is very weak and they can rarely solve the problem because they do not have all the powers to solve the problems
the technical support service in arabic is almost non-existent at work for only one hour and on friday only
the bonus for the arab section is not enough for the effort and fatigue of members to participate in competitions and write topics, etc.
There is always a manipulation of the terms of the competitions after they are over so that the members do not get their bonus
one of the worst flaws in the company is the insufficient bonus system and also it is manipulated and not sent completely to the members so the members began to work for other companies and forums

Nov 24, 2020 - 5 stars hello traders my name is mona makien i want to tell you about my experience with fxopen , i am a old women and was hard to belive in that new things to me , but my nephew convised me to try it , and i did by little money at first but i found that i lose , so my nephew start to learn me how to trade , and he advise me to read about the trading in fxopen forum that is wroten by many language , from this time i found my self earn some money , about fxopen they are honest , and the dealing with them so easy , so my advise to all new tradres , read more about trading in fxopen forum , then start in save way with fxopen

Length of use: over 1 year

My evaluation of this company after about two years of trading with them, and I will speak with all impartiality about the most important advantages of this company and the most important shortcomings
prices can be from respectful and honest companies that can be traded with a low spreads. For example, you find that the spread for the pair of the US dollar against the japanese yen is 14 points. That, and sometimes it is lower, the market is an active stock and you find the spread for the US dollar against the canadian dollar is 16 points. Only and also the euro against the US dollar, the spread is only 13 points. As for gold against the US dollar, the spread is 20 points, and sometimes more than that.
I had the experience of trading on risky days, especially on christmas holidays in december and january, and it is known that many traders do not prefer trading at this time of the year due to the high risk and market fluctuations in these two months.
Over the past two years, I have been trading at this time, especially after december 25, and no fluctuations occurred in the market and I won from this trading. All there is, the market movement was only slow, but no fluctuations occurred and I won from trading and this is what I remember well because I was very worried that I trade at this time
among the features of the company
we have said the low spread, and the most important thing is not to be afraid of trading on holidays and fluctuations. One of the additional advantages of the company is that it carries out periodic contests between traders and various contests to obtain an additional bonus for trading with it and always encourages traders to trade and does not skimp on them with information as there are forums for the company with all languages have a multitude of information and members ’experiences in trading. It is also noticeable that the company’s activity in previous years has made remarkable progress and has worked to correct past mistakes and has improved a lot. Now the company also gives a free registration bonus as an encouragement to new traders and always comes with offers and discounts for traders to encourage them to continue trading
company flaws
among the most serious defects of the company that I notice is technical support, there is technical support and is quick to respond, but I do not find that it has all the powers to solve the problems of members and traders, so it often does not solve problems or takes more time to solve them
also, I heard that the company is not good at trading on large amounts, and this frankly, I did not try it because I usually trade on small amounts, which are less than $ 250, and I did not find any problems with the company in trading from withdrawal, deposit and trading, so the evaluation in this regard is very good
one of the biggest defects of the company is the arab section, so it is known that arabs are those who love to gamble and trade through forex, and that company is not good at winning the arab customer to it, and this is for several reasons, the most important of which is arab technical support, which is one of the biggest flaws of the company, as there is almost no technical support for the arab department, so the presence of arab technical support almost every week for an hour only and it does not solve any problems, and this is what I already tried, so I had a problem and an inquiry, and I waited a week for a response and when the response arrived a week later, I made another inquiry at the same time and I did not receive an answer to it
among the disadvantages of the arab section is the bonus, as the administration does not pay any attention to the bonus for the arab section, and there is always tampering and changing conditions for not sending the bonus for members, and this also has a great impact on the company's inability to attract the arab customer
I see the solution to this problem, which is the presence of strong arab support all the time and the company's credibility in sending the members' bonus for the arab section without manipulation so that the members can make the required advertising for the company with credibility. If the company is not honest with its members in the arab section, and the bonus is sent to them on time and without any change of conditions and complications things are so that the members do not get the bonus, and this is in addition to the reduction of the bonus that happened .. How can a company win the arab client if it cannot maintain the arab members?

Nov 25, 2020 - 5 stars welcome dear traders
my name is heno
I'd love to share with you my experience with fxopen
since about 2004 I have been searching for ways to profit on the internet and I have been doing this for several years until I realized that all of this was not working.
And then I heard about forex brokers that I also couldn't believe in
until some friends advised me to try fxopen and I did it already and since around 2018 until now I am trading with them
and I have already found that I can profit on the internet by trading forex, as sometimes I can win not a small amount of money and this is beside the pleasure of trading
I advise all new traders to try forex trading through fxopen, because they are a respectable and honest company and have many licenses and also have many trading platforms and they also have their own new platform and a novice trader can open a demo account and trade on the demo account so that he can train on trading knows that fxopen is a respectable company
and another advice for a novice trader, do not rush before opening deals. Just watch the market well and when the trend stabilizes and analyze the market well, then you can make the decision to open deals.

Length of use: over 1 year

In december 2020 i will complete 6 years of trading with fxopen. This broker is an ECN broker so all the trades go into the inter bank markets and the liquidity providers. This enables me to get my all the orders fulfilled at any time whether it is the release of the high impact news.

Other brokers many of who are market makers will be trading against you and so you will have a difficult time in earning consistent profits with them.

During these years i have been making consistent income from my trading. When i started trading i was using webmoney for both deposits and withdrwals but in the year 2018 i shifted to bitcoin as it was easy for me to cashout.

When i make a cashout i am paid in under 3 hours and this is important as the rates of the BTC are moving very fast.

We are sorry to read about your negative experience with fxopen and understand your frustration.

Unfortunately in summer the internal procedures of our card processors have changed, which has led to double-conversion. SEPA transfers were also temporarily unavailable for the clients of fxopen markets limited.
We fully understand that it creates both additional charges and inconveniences to our clients.

Therefore, we do our best to make it up to our clients by offering the reimbursement of deposit charges.
In your case, we have also offered you a deposit bonus and a commission-free account as a sign of good will.
Please not that it is fully legal to offer to cover any fees to our clients and cannot be viewed as bribery.

At the moment fxopen markets limited offer commission free SEPA deposits. They are available in fxopen backend – https://my.Fxopen.Com

We would also like to stress that our offer still stands – commission free account for 6 months and reimbursement of all deposit related fees conversion fees included (if any).

We wish you a happy new year and we would be honoured to welcome you among our clients again.

Fxopen bonus

Fxopen

No deposit bonus for STP accounts

Welcome bonus

Forexcup trading contest bonus

Details

broker	fxopen
website URL	http://www.Fxopen.Com
founded	2003
headquarters	australia, UK, russia, new zealand
support types	phone support, email support, live chat support
languages	arabic, chinese, english, french, german, greek, hungarian, indonesian, italian, japanese, korean, malay, polish, portuguese, russian, spanish, swedish, thai, turkish
trading platform	metatrader 4
minimum 1st deposit	$100
minimum account size	micro
minimum trade amount	0.01
bonus	$10 no deposit bonus
leverage	1:500
spread	1 pip
free demo account	open demo
regulated
regulation	ASIC
deposit methods	credit/debit cards, fasapay, neteller, QIWI, skrill, unionpay, webmoney, wire transfer
withdrawal methods	credit/debit cards, fasapay, neteller, QIWI, skrill, unionpay, webmoney, wire transfer
US traders allowed
mobile trading
tablet trading
overall score	96/100

Check out our latest fxopen bonus review 2018!

As a forex trader, finding the right broker to work with is essential. But making your decision means having all the important information in front of you. We invite you to check out our review of fxopen. We hope that our analysis will provide you with all the information you need to decide if it is the right platform for you!

Fxopen bonus company overview

Fxopen was founded by a group of traders in 2005, with the goal of making forex trading more accessible and professional. It was one of the first brokers to offer ECN trading using the metatrader 4 platform. And it offers the most competitive spreads and low commissions to ensure that clients enjoy the lowest trading costs.

Fxopen customer support information

To ensure that clients have the help they need, fxopen provides a number of ways to access customer support. Once you have opened an account with the site, you can access live chat 24 hours a day, monday to friday. You can also open a customer support ticket to a particular department from 0700 to 1600 GMT monday to friday. There are also phone lines that you can call if you are based in russia, new zealand, spain, germany, france and bahrain.

Fxopen trading account information

There are four types of trading accounts that you can open. Once you have an account you have access to fifty currency pairs as well as gold and silver and CFD and allows you to trade a minimum 0.01 lots transaction size. The ECN account requires a minimum $100 starting deposit, while the STP and crypto trading accounts require only $10 initial deposit. The micro trading account allows you to open an account with as little as $1 and trade with 0.01 micro lot sizes, although trading limitations are applied and a maximum balance of $3,000 is applied.

Fxopen trading features

All accounts provide you with floating spreads and leverage of up to 1:500 (except for crypto accounts where leverage is 1:3). STP and micro accounts charge no commissions while ECN accounts start at $15 per 1 mio and crypto accounts charge 0.5% of trade volume per round turn.

Fxopen trading software

The site uses the metatrader4, which is the most popular forex trading platform in the market. You can download and install the platform from the site and it provides you with features such as being able to trade manually or automatically using so-called forex robots, charting software and access to more than 50 graphic tools and analytics for technical analysis.

Fxopen bonus system

Welcome bonuses are provided to those who open STP and micro accounts, which match the minimum first deposit required. The amount of the bonus is automatically deposited into your trading account but cannot be withdrawn. However, you can use it to trade and withdraw any profits you make after meeting the minimum trading requirements (2 lots in the case of STP accounts and 1000 micro lots for micro accounts.

Fxopen review

Fxopen review 2020

Latest updated general information fxopen broker

Company registration: fxopen NZ ltd, new zealand; fxopen AU pty ltd, australia

Location: australia, russia, UK

Regulation: ASIC, FCA UK, financial dispute resolution scheme

Trading instruments: forex, gold and silver, cryptocurrency

Bitcoin trading: available

USA traders: not accepted

ECN: yes (market execution). Participants of an ECN include banks, centralized exchanges, large companies offering their services in the OTC FOREX (over the counter) market and private investors. Fxopen was one of the first forex broker to offer its clients ECN trading via the meta trader 4 terminal.

List of liquidity providers: dresdner, SG paris, standard chartered, barclays capital, bank of america, CRNX, jpmorgan, morgan stanley, deutsche bank AG, RBS, CITI, UBS, HOTSPOT INST, GOLDMAN and lavafx.

Fxopen.Com is the nevis branch of fxopen. The australian branch is at fxopen.Com.Au. The UK branch is at fxopen.Co.Uk

Also known as: fxmalay.Com, fxislamic.Com, fxind.Com, fxfrench.Com, philippinesforex.Com, fxorient.Com, forexarabian.Com, forex-leader.Com, payufx.Com

Fxopen review : trading platform features

Fxopen advantages:

Fxopen has introduced digital currency to the clients – cryptocurrency trading with bitcoin, litecoin, namecoin and peercoin

Various account types to fit the needs of all types of investorst – ECN, STP, crypto, micro

Competitive spreadsfrom 0 pips - very tight spreads compared to similar forex brokers in the industry

Minimum deposit startsfrom $1

Maximum leverage up to 1:500

A wide range of fast and reliable payment options

Various educational material - latest economic news, professional market analyses and a forex calendar

Monthly and daily account statements

Trading platform: metatrader 4, webtrader

Web-based online platform: yes

Minimum trade size: 0.001 lot

Average spread on EUR/USD: 2

Automated trading: yes, via myfxbook and zulutrade

Maximum leverage up to 1:500

VPS: available to all fxopen ECN, STP and CRYPTO account holders

Fxopen review : advantages of forex VPS

Accessibility: log into your MT4 platform from any computer anywhere in the world.

Flexibility: expert advisors continue running even when computer is switched off or the power/internet is off.

Speed: cross-connected to fxopen equinix NY4 servers.

Fxopen review : automated trading

How can you trade automatically with fxopen?

Automated forex trading allows the used of expert advisors or trading robots. Knowledge of forex trading and even participation during the trading hours is not necessary. You can be a complete newbie in currency exchange and still make profits.

Expert advisors (EA) are special programs written in MQL4/MQL5 that interact with metatrader 4/ metatrader 5. Eas use special algorithms to analyse the market price movements and find out the optimal entries and exits. No emotions, just pure data decision making.

Advantages of automated trading

With the proper use automated trading with fxopen broker will help you gain profits.

Expert advisors help trading based purely on data, rather than emotions which get us in trouble of greed and over-trading in the first place. A

Automated trading systems can to watch the market 24/5 while using several trading instruments at the same time.

You are in full control of EA settings and can turn to manual trading any given time.

You do not have to be in front of your computer or smart phone to seek profitable opportunities. The software does it for you by copying and following the best strategies of most profitable participants.

One click trading and level2 plugin

The speed is very important in trading. You snooze, you lose! One click trading and level2 plugin lets you place an order at the best available price with a single mouse click.

What else you can do with one click trading and level2 plugin:

Place or close a market or a pending order;

Set order size;

Place a stop loss or a take profit;

View the market depth level 2 data;

View the volume-weighted average price (VWAP)

Fxopen review : trading accounts

Fxopen's forex trading accounts are suitable for traders with different experience in currency trading – from novice traders to skilled professionals. You can choose the type of account suits you best in terms of trading style, finances and risk.

Demo account: yes, limited to 30 days

Islamic swap free accounts: available

Trading accounts: micro, STP, ECN, CRYPTO

Comparing trading accounts

ECN	STP	crypto	micro
business model	ECN	STP	ECN	MM
minimum deposit	from $100;	from $10;	from $10	from $1
maximum balance	without limitations	without limitations	without limitations	$3 000
spread	floating, from 0 pips	floating	floating	floating
commission (per 1 mio)	from $15	no	0.5% of trade volume, round turn	no
quotes format	0.12345	0.12345	0.12345	0.12345
execution	market	market	market	instant
requotes/slippage	no/yes	no/yes	no/yes	yes/no
minimum transaction size	0.01 lot	0.01 lot	0.01 lot	0.1 microlots
maximum transaction size	without limitations	without limitations	without limitations	$1 000 000
minimal increment	0.01 lot	0.01 lot	0.01 lot	0.01 microlots
leverage	up to 1:500;	up to 1:500;	1:3	up to 1:500;
margin call	100%	50%	30%	20%
stop out	50%	30%	15%	10%
demo accounts	yes	yes	yes	no
islamic accounts	yes	yes	no	yes
instruments	50 currency pairs, cfds, indices, gold and silver;	50 currency pairs + gold and silver;	24 pairs with BTC, LTC, NMC, PPC, ETH, DASH, EMC	28 currency pairs + gold and silver;
bonuses	no	yes	no	yes
hedging	yes	yes	yes	yes
expert advisors	yes	yes	yes	yes
scalping	yes	yes	yes	no
news trading	yes	yes	yes	no
phone dealing	yes	yes	yes	no
market depth with level 2 quotes	yes	yes	yes	no

Fxopen review : payment options

Minimum deposit requirement: $1

Payment methods: bank wire transfers, local bank transfer, credit/debit cards, webmoney, neteller, skrill, visa qiwi wallet, perfect money, payza, sorexpay, yandex, fasapay, intellect money, epayments, RBK money, prepaid cards, bitcoin, litecoin, ethereum, tether

Fees: there is withdrawal and deposit fee almost with any payment method you choose to use, raging from 0.5% to 6%.

Fxopen customer support and representative assistance

Fxopen offers impressive client helpdesk where you can submit tickets, watch help videos and go through educational knowledge base.

General information about fxopen’s products and services via live chat - 24/5;
tickets to fxopen's sales, finance, trading desk and support departments - 7-16 GMT on business days.
Customer support: callback, email, live chat, skype

Support languages are in russian, english and chinese

Fxopen review : forex bonuses and promotions

No deposit bonus for STP accounts

Amount: $10

Account: STP

To receive this offer:
register an fxopen e-wallet and open an STP trading account. Verify your account via SMS.

Welcome bonus

Paid after the minimum deposit!

Account: micro

To receive this offer:

Open a micro trading account

Deposit $1 or more. Bonus is paid once to the first trading account.

Forexcup trading contest bonus

Amount: depends on the contest terms (% of profit made in the contest demo account)

Account: STP

To receive this offer:

Join one of forex trading competitions at forexcup.Com

Make profit, specified in the contest conditions.

Have you traded with fxopen? Please review the broker’s quality of services and trading conditions.

Fxopen cash back program

The 90-day cashback program lets you receive an additional refund up to $1,000 for your trades. Available for all trading accounts.

How was the rating of fxopen performed compared to other brokers?

This 2020 forex broker review has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on fxopen FX broker performance and features.

Overall our online fxopen review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online fxopen or you find inaccurate details fxopen broker review please get in touch with us and the changes will be applied.

Fxopen | $10 no deposit bonus for STP accounts (till dec 31, 2020)

9th november 2020 · 3 comments

Fxopen will add the bonus automatically to the first STP account that you open. You can use the bonus for live trading only on this STP account!

Dates: december 31, 2020

Available to: new clients

Bonus information:

$10 free bonus for STP accounts.

How to get:

Register an fxopen ewallet;

Get grade 2 verification for your ewallet;

Open an STP trading account.

Withdrawal: profits can be withdrawn.

Bonus terms and conditions: general terms and conditions apply.

Fxopen | ECN ticktrader account – $10 welcome bonus (till dec 31, 2020)

Fxopen | $1 welcome bonus (till dec 31, 2020)

Fxopen | $10 bonus for ECN GROSS ticktrader accounts (31.05.21)

Fxopen | $10 no deposit bonus for STP accounts

Forex.Ee | new welcome bonus $15 for STP

Cabana capitals | get $100 open MT5 trading account

Rakuten securities | get HK$100 cash reward!

Milton markets | welcome bonus $50

Mitrade | $50 trial bonus (oct 10 – nov 10, 2020)

Templerfx | $30 no deposit bonus (till dec 31, 2020)

Intrinite | $30 welcome bonus (30.11.20)

Cube global FX | $20 welcome bonus (till dec 31, 2020)

Kajeforex | 50 USD welcome bonus (till dec 31, 2020)

Fortfs | $35 no deposit bonus (till dec 31, 2020)

MFM securities | no deposit bonus $50 (till dec 31, 2020)

MFM securities | claim your USD100

Elitefinfx | A free 20 USD (till dec 31, 2020)

FBS | trade 100 bonus (31.12.20)

Fortfs | $100 no deposit bonus

TTS markets | $30 welcome account (31.12.20)

Xtreamforex | $25 no deposit bonus

Freshforex | ¢300 to cent account as A gift (31.01.21)

Mitrade | $50 trial bonus (01.01.21)

CWG markets | $50 hi! Account (28.02.21)

Ronex | registration & investment account bonuses (31.01.2021)

Xflow markets | $500 no deposit bonus offer (31.12.20)

Tickmill | 30USD no deposit bonus (30.04.21)

FBS | level up bonus (31.01.21)

Sinosoftfx | $20 no deposit bonus (28.03.21)

7B forex | expert trader no-deposit bonus of ₦10000 (25.04.21)

Readers comments (3)

Fxopen has the lowest spreads in the STP trading account.

And i also got the 10 USD bonus for my STP account as a welcome gift from fxopen.

I have been trading with fxopen since 2012. I like the trading conditions that the company provides to its clients. Low spread – especially for XAUUSD gold. On an STP account, the spread for five-digit quotes for this instrument is only from 10 to 30 pips. I am especially attracted by the fact that you can trade gold with a leverage of 1: 500. This is a unique advantage at fxopen because I can trade gold with a small deposit. For me, fxopen is the best broker in this regard. In addition, over the years of cooperation, I have never had problems with the withdrawal of my profits – always quickly.
In addition to trading, I regularly participate in contests held by fxopen. I remember the forex school contest in september 2017, when I was among the prize-winners who received a prize PAMM account of $ 200 from the company. It was super! Fxopen has its own PAMM service. This is an opportunity to get additional profit not only from trading, but also from investments.
I am happy to have found a reliable broker with an FCA license.

When 8 years ago I started trading on forex, I was looking for a broker that conducts demo contests – I wanted to learn how to trade without risking my deposit, and I wanted to get an initial deposit without investing my own funds. I found fxopen – this broker runs many contests for beginner traders. On the one hand, the broker is interested in training its new clients, and on the other hand, it helps them to become professional traders and gives real prizes – they can be used for trading or simply withdrawn as a profit. Over the years, I have repeatedly won prizes in various contests from fxopen and have used these prizes both for trading and for withdrawing. Real prizes in contests are a feature of the company, because now it is quite rare to find a contest with withdrawable prizes. The company also has its own forum where contests are held. Now there is a very popular weekly contest from fxopen “competition from 10 TO 100”. I opened a real STP account for only $ 10, traded on it and not only withdrew my profit for trading, but periodically got into the winners and received additional real money in this contest. At the same time, the company provides very good trading conditions on a real account, so that I can even trade XAUUSD gold, having a small deposit – a leverage of 1: 500 and a low spread. I am very happy with my broker, because the withdrawal of profits is always quick and hassle-free. The company has professional technical support.

Fxopen review and tutorial 2021

Fxopen is a highly regulated FX & CFD broker offering multiple trading platforms.

Trade major, minor & emerging forex pairs with 1:30 leverage.

Trade on dozens of cryptocurrency coins with 1:2 leverage.

Fxopen details

Trading platforms

Metatrader 4

Fxopen was the first broker to offer ECN and STP trading via metatrader 4 (MT4), an award-winning platform that boasts instant trade execution at competitive prices.

MT4 is ideal for both beginners and experts and offers a range of customisable features, including:

50+ built-in indicators & graphical objects for technical analysis

Three types of orders (market, limit, and stop)

Intuitive charting package

Automated trading (eas)

Rich historical data

One-click trading

Trading signals

MT4 is available for download on windows pcs and can be accessed from the platforms page on the broker’s website.

Metatrader 5

Fxopen also offers the metatrader 5 (MT5) platform, offering all the features of MT4 with several additional benefits:

80+ built-in indicators & graphical objects for technical analysis

21 timeframes to track price movements

Multi-currency strategy tester

Netting & hedging allowed

Economic calendar

Note, cryptocurrency trading is not available on MT5.

MT5 is available for download on windows pcs and can be accessed from the broker’s website.

Ticktrader

Advanced technical analysis tools (30+ indicators)

Customisable user-friendly interface

One/double click trading mode

Detailed charting system

Trading alert system

Strategy back tester

Level 2 pricing

fxopen ticktrader platform

Markets

Fxopen offers four key markets:

Currencies – trade over 50 major, minor, and exotic currency pairs.

Indices – trade nine global indices including the FTSE 100 and S&P 500.

Commodities – trade on energy and metals such as gold, silver, and crude oil.

Cryptocurrencies – trade over 40 crypto cfds including bitcoin, ethereum, and ripple.

Spreads & commissions

With STP accounts, the commission is included in the spread.

Other fees to be aware of include swap charges on positions held overnight. Fxopen provides instructions on how to look up a swap fee on their website.

Leverage

Useful margin and pip value calculators are available on the broker’s website.

Mobile apps

Fxopen mobile trading

Payment methods

Deposit

Fxopen offers several deposit options in USD, EUR, or GBP. Whilst some options are free, there are some fees to be aware of:

Bank wire transfer – free

Credit/debit cards – free

Webmoney – 3.5%

Trustly – free

Neteller – 1%

Skrill – 2%

Minimum deposits range from 10 GBP, USD, or EUR for cards and go up to 300 for wire transfer. For webmoney, trustly, neteller, and skrill, minimum deposits in the chosen currency are 50.

There is no maximum deposit limit for wire transfer. For cards, the limit is 15,000 (GBP, USD, or EUR) and for e-wallets, maximum deposits are either 10,000 or 20,000.

Note that fxopen also permits virtual prepaid cards for new clients. Local deposits are also available for malaysia and indonesia. Details of these can be found in the help centre.

Withdrawal

Withdrawal methods and fees are as follows:

Bank wire transfer – free for GBP, 30 USD, or 15 EUR

Credit/debit cards – free

Webmoney – 3.5%

Neteller – 1%

Skrill – 2%

Demo account

Bonuses & promotions

There are currently no bonuses or promotions for traders located in the UK.

Regulation & reputation

Fxopen also offers negative balance protection for its retail customers.

Additional features

Fxopen offers several additional features, suited to both beginner and expert traders:

Market news

FIX API trading

Customer forum

Economic calendar

VPS (virtual private server) available

Help centre with support options and knowledge base

Myfxbook and zulutrade social and copy trading (non-UK only)

Account types

Note that the fxopen UK entity is unable to provide PAMM accounts.

Benefits

If you look at fxopen vs the likes of FXTM and fxpro, traders benefit from:

MT4, MT5, & ticktrader platforms

Positive customer reviews in 2021

Regulated in the UK & australia

Decent cryptocurrency offering

True ECN model

Drawbacks

Disadvantages of choosing fxopen include:

High minimum deposit for UK customers

More suited to experienced traders

Limited educational tools

Limited range of cfds

Trading hours

Trading hours for forex, indices, and commodities run from 22:00 on sunday to 22:00 on friday (UK time). All crypto instruments are tradable 24 hours a day, 7 days a week.

Check the timezone in your area.

Customer support

There are several ways traders can contact fxopen customer support:

Email – support@fxopen.Co.Uk

Help centre – submit a ticket after registration

Customer support telephone – +44 (0) 203 519 1224 (8am – 6pm GMT)

Trading desk telephone – +44 (0) 203 519 1224 (10pm sunday – 10pm friday GMT)

Live chat including whatsapp & facebook messenger – located in the bottom right-hand corner of the website

The support team can help with ewallet and bitcoin deposits, withdrawal problems, and proof of address queries.

User security

Fxopen verdict

Accepted countries

Traders can not use fxopen from belgium, japan, united states.

Is fxopen regulated?

Yes, the brokerage holds licenses with the FCA in the UK and the ASIC in australia. These are two of the most respected agencies and a strong indicator that fxopen is trustworthy.

Is fxopen a good broker for beginners?

What leverage is available at fxopen?

Leverage is available up to 1:30 for forex, indices, and commodities, while leverage rates up to 1:2 are available for cryptocurrencies.

What markets are available on fxopen?

You can trade on 50+ FX markets, nine global indices, five commodities, and 40+ cryptocurrencies at fxopen.

How do I open an account with fxopen?

So, let's see, what we have: fxopen is an FCA & ASIC regulated forex & CFD broker. Read our review of the metatrader 4 & 5 platforms, ticktrader, bonuses, demo accounts, & more. At fxopen no deposit bonus review