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FXOpen -

Score

0 1 2 3 4 5 6 7 8 9
.
0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10
The WikiFX Score of this broker is reduced because of too many complaints!

FXOpen

United Kingdom | 10-15 years |
Regulated in United Kingdom | Straight Through Processing (STP) | MT4 Full License | Global Business | New Zealand Financial Service Corporate Revoked | Suspicious Overrun | High potential risk

https://www.fxopen.co.uk/en/

Website
Open Account Time Machine

Rating Index

MT4/5 Identification

MT4/5

Full License

FXOpen-Demo STP

United Kingdom
MT4
97

Influence

C

Influence index NO.1

Ukraine 3.80
The WikiFX Score of this broker is reduced because of too many complaints!

MT4/5 Identification

MT4/5 Identification

Full License

97
Server Name
FXOpen-Demo STP MT4
Server Location United Kingdom

Influence

Influence

C

Influence index NO.1

Ukraine 3.80
Surpassed 25.60% brokers
Biz Area Search Statistics Advertising Social Media Index

Contact

+44 (0) 203 519 1224
support@fxopen.co.uk
https://www.fxopen.co.uk/en/
80, ColeMan ST 4Th Floor London EC2R 5BJ UNITED KINGDOM

Licenses

3
Straight Through Processing (STP)

FCA Regulated

United Kingdom STP

Financial Service Corporate

FSPR Revoked

New Zealand Financial Service Corporate

Keywords 9
10-15 years
Regulated in United Kingdom
Straight Through Processing (STP)
MT4 Full License
MT5 Full License
Global Business
New Zealand Financial Service Corporate Revoked
Suspicious Overrun
High potential risk
Warning: Low score, please stay away!
2025-05-01
  • The number of this brokers's negative field survey reviews has reached 3. Please be aware of the risk and the potential scam!
5

Basic Information

Registered Region
United Kingdom
Operating Period
10-15 years
Company Name
FXOpen Ltd
Abbreviation
FXOpen
Company employee
--
Customer Service Email Address
support@fxopen.co.uk
Contact Number
+4402035191224
Company Website
https://www.fxopen.co.uk/en
Company address
80, ColeMan ST 4Th Floor London EC2R 5BJ UNITED KINGDOM
Facebook
https://www.facebook.com/fxopencompany/
A Visit to FXOpen in UK -- Finding No Office

A Visit to FXOpen in UK -- Finding No Office

The investigators went to London, UK to visit the foreign exchange dealer FXOpen as planned. They did not find the dealer’s office on the publicly displayed address. The dealer might simply register the company at that address and did not have a real business place. Investors are advised to choose the dealer carefully.

Danger FXOpen United Kingdom
New Zealand broker FXOpen not found

New Zealand broker FXOpen not found

A field survey based on the address in its regulation details did not find FXOpen’s physical presence. The broker claims to hold a full license by Australia ASIC, a straight-through license from UK FCA and a Financial Services Provider license from New Zealand FSPR, but the authenticity of these licenses are suspectable, especially the latter, which appeared to have been revoked, according to quer

Danger FXOpen New Zealand
The Regulatory Information of FXOpen in Australia is Fictitious

The Regulatory Information of FXOpen in Australia is Fictitious

As confirmed by the surveyor after the field surveyor, the Australia licensed broker FXOpen's real office address was not consistent with its regulatory information. Please be wary of the broker.

Danger FXOpen Australia
 A Visit to FXOpen in UK -- Finding No Office

A Visit to FXOpen in UK -- Finding No Office

The investigators went to London, UK to visit the foreign exchange dealer FXOpen as planned. They did not find the dealer’s office on the publicly displayed address. The dealer might simply register the company at that address and did not have a real business place. Investors are advised to choose the dealer carefully.

Danger FXOpen United Kingdom
New Zealand broker FXOpen not found

New Zealand broker FXOpen not found

A field survey based on the address in its regulation details did not find FXOpen’s physical presence. The broker claims to hold a full license by Australia ASIC, a straight-through license from UK FCA and a Financial Services Provider license from New Zealand FSPR, but the authenticity of these licenses are suspectable, especially the latter, which appeared to have been revoked, according to quer

Danger FXOpen New Zealand
The Regulatory Information of FXOpen in Australia is Fictitious

The Regulatory Information of FXOpen in Australia is Fictitious

As confirmed by the surveyor after the field surveyor, the Australia licensed broker FXOpen's real office address was not consistent with its regulatory information. Please be wary of the broker.

Danger FXOpen Australia

KL K

Hong Kong

If the platform was under regulation, why did it require certification fee? It asked for identity certificate and other information. Then it continued to ask for more deposit. I was unable to withdraw the money.

Exposure

2021-07-31

冬眠了

Hong Kong

I’ve never changed the bank card which is bound to my wallet. And I’ve transferred successfully once. Why can’t I withdraw funds for the second time? Who can give me a reasonable explanation?

Exposure

2021-04-22

冬眠了

Hong Kong

I can withdraw funds for the first time. But I haven’t withdrawn funds since then for wrong account. I was asked to pay margin but I still can’t withdraw funds on grounds of insufficient credit score. So I still need to pay 140,000 yuan.

Exposure

2021-04-22

A全国汽车违章. 少婷

Hong Kong

I used this platform via the net friend’s recommendation. You can withdraw funds for the first time but then you can’t. I was told that my bank card number was wrong so they froze my account. And I need to pay 24,212 to unfreeze my account or my funds would be deducted all along.

Exposure

2021-03-10

C.5918

New Zealand

A liar company, saying that it is a safe and reliable foreign exchange company, is actually a scammer. If you foolishly invest here, you will never get back a cent of your money!

Neutral

2023-03-01

FX1217728940

Australia

FXopen is a reliable broker that I have been using for years. Narrow spreads and stable MT4 trading platform are the main reason that i trade with this broker most. BTW, they also process your withdrawals patiently and quickly.

Neutral

2023-02-21

FX1059419588

Australia

I’ve been trading with FXopen for couple of months now, and my trading experience has been pretty good. Their customer support is very responsible, for instance, once I had some issues with my account registration, their support team resolved it quickly for me… I’ve made several deposits and withdrawals successfully, and have been using a leveraged MT4 ECN account satisfyingly. ⭐ ⭐⭐⭐⭐would recommend FXOPEN.

Positive

2022-11-25

7
Account
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Data Sources WikiResearch

Website

  • fxopen.es

    Server Location

    United States

    Website Domain Name

    fxopen.es

    Website

    WHOIS.NIC.ES

    Company

    -

    Server IP

    104.24.115.128

Genealogy

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Clones
Suspicious Clone
P P Market

P P Market

1.50
Score
5-10 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

Relevant Enterprises

Company name Related sources Registration No. Established

FXOPEN AU PTY LTD(Australia)

Active
Australia
Website Announcement 143678719 2018-11-21

FXOPEN LTD(United Kingdom)

Active
United Kingdom
Website Announcement 07273392 2013-03-22

FXOPEN INVESTMENTS INC.(Panama)

Active
Panama
Website Announcement 702638 2010-06-01

FXOPEN NZ LIMITED(New Zealand)

Deregistered
New Zealand
Website Announcement 3688577 2011-12-15

Company Summary

FXOpenReview Summary
Founded2010
Registered Country/RegionUK
RegulationFCA (regulated), FSPR (revoked), ASIC (suspicious clone)
Market InstrumentsCurrencies, Cryptocurrencies, Metals, Energies, Indexes, Shares, ETFs
Demo Account✅
LeverageUp to 1:30
SpreadFrom 0 pips
Trading PlatformMT5, MT4, TickTrader, TradingView
Minimum Deposit$300
Customer SupportLive chat
Tel: +44 (0) 203 519 1224 (8 am - 6 pm Lodon time)
Email: support@fxopen.co.uk
Address: 80 Coleman Street, London, EC2R 5BJ, United Kingdom
Social media: Instagram, YouTube, Twitter, Facebook, LinkedIn, Telegram
Regioal RestrictionsThe United States, Belgium

FXOpen was registered in 2010 in the UK, specializing in currencies, cryptocurrencies, metals, energies, indexes, shares, and ETFs trading. It provides four types of ECN accounts, with a minimum deposit of $300 and a maximum leverage of 1:30. More importantly, this company is regulated, and it provides various channels for customer support.

FXOpen's homepage

Pros and Cons

Pros Cons
RegulatedRegional restrictions
Demo accounts availableCommission fees charged
MT4 and MT5 supportedSuspicious clone ASIC license
Multiple channels for customer support
Diverse tradable assets
Long operation time

Is FXOpen Legit?

FXOpen is regulated by Financial Conduct Authority (FCA). However, its license was revoked by Financial Service Providers Register (FSPR), and it holds a suspicious clone Australia Securities and Investment Commission (ASIC) license. Traders should be aware of the potential risks!

Regulated AuthorityCurrent StatusLicensed EntityRegulated CountryLicense TypeLicense No.
Financial Conduct Authority (FCA)RegulatedFXOpen LtdUKStraight Through Processing (STP)579202
Financial Service Providers Register (FSPR)RevokedFXOPEN NZ LIMITEDNew ZealandFinancial Service Corporate192685
Australia Securities and Investment Commission (ASIC)Suspicious CloneFXOpen AU Pty LtdAustraliaMarket Maker (MM)000412871
Regulated by FCA
Revoked FSPR license
Suspicious clone ASIC license

What Can I Trade on FXOpen?

FXOpen provides several types of products, including currencies, cryptocurrencies, metals, energies, indexes, shares, and ETFs.

Tradable Instruments Supported
Currencies✔
Metals✔
Energies✔
Indexes✔
Shares✔
Cryptocurrencies✔
ETFs✔
Bonds❌
Options❌
Futures❌
What Can I Trade on FXOpen?

Account Type

FXOpen provides four types of ECN accounts: Basic ECN, Classic ECN, Advanced ECN, and Elite ECN. Besides, demo accounts and Islamic accounts are also available.

Account TypeMinimum DepositMaximum LeverageSpreadAccount Currencies
Basic ECN$3001:30Floating from 0 pipsGBP, USD, EUR
Classic ECN$1,000
Advanced ECN$25,000
Elite ECN$250,000
Account comparison

Leverage

The leverage can be up to 1:30. Traders need to consider carefully before investing, and it should be noted that high leverage is likely to bring high potential risks.

FXOpen Fees

FXOpen charges certain amount of commission fees, and fees vary based on instruments and accounts. Below are the details, with the Basic ECN Account in the first chart, followed by Classic ECN, Advanced ECN, and Elite ECN.

Commission FeeBasic ECN AccountClassic ECN AccountAdvanced ECN AccountElite ECN Account
Forex$3.50$2.50$1.80$1.50
CryptoFrom 0.08%From 0.05%From 0.03%
Index❌❌❌❌
Commodity0.005%0.0025%0.0018%
Shares0.1%

Trading Platform

FXOpen uses MT4, MT5, TickTrader, and TradingView as its trading platforms.

Trading PlatformSupported Available Devices Suitable for
MT4✔PC, web, mobile, macBeginners
MT5✔PC, web, mobile, macExperienced traders
TickTrader✔PC, web, mobile/
TradingView✔PC, web, mobile, macBeginners
Trading Platform

Deposit and Withdrawal

FXOpen only supports bank tranfer. It does not charge fees for deposits, but it charges withdrawal fees.

Deposit Options Accepted CurrenciesMinimum Deposit Deposit Fees
Bank TransferAUD, CHF, GBP, USD, EUR300 AUD/CHF/GBP/USD/EUR❌
Withdrawal Options Accepted CurrenciesMinimum WithdrawalWithdrawal Fees
Bank TransferEUR50 EUR15 EUR
CHF50 CHF15 CHF
GBP50 GBP❌
USD50 USD30 USD
AUD50 AUD30 AUD
Deposit
Withdrawal

Keywords

  • 10-15 years
  • Regulated in United Kingdom
  • Straight Through Processing (STP)
  • MT4 Full License
  • MT5 Full License
  • Global Business
  • New Zealand Financial Service Corporate Revoked
  • Suspicious Overrun
  • High potential risk

Disclosure

Danger

Ministry of Trade Blocks 1,222 Illegal Commodity Futures Trading Websites

Country/Region

ID BAPPEBTI

Disclosure time

2022-02-02

Disclose broker

More

News

FXOpen Offers Commission-Free Trading

News FXOpen Offers Commission-Free Trading

Forex brokers around the globe are starting to offer commission-free trading services, and FXOpen is the newest broker to join in this bandwagon.

2023-01-18 16:07

FXOpen Introduces No-Commission Trading

News FXOpen Introduces No-Commission Trading

FXOpen, a worldwide forex and CFD broker, has announced the launch of commission-free trading.

2023-01-17 13:38

Crude Oil Futures: Further upside in the pipeline

News Crude Oil Futures: Further upside in the pipeline

Considering preliminary readings from CME Group for crude oil futures markets, traders added around 25.3K contracts to their open interest positions on Tuesday, reaching the second daily build in a row. In the same line, volume, reversed two pullbacks in a row and went up by around 188.5K contracts.

2022-01-26 14:34

5 top growth stocks that grew over 1,000% in the last 10 years

News 5 top growth stocks that grew over 1,000% in the last 10 years

Alice Guy investigates the top growth stocks over the last ten years. Which investments a decade ago might have made you a millionaire?

2021-12-15 11:32

FXOPEN MAKES TICKTRADER AVAILABLE TO ALL CLIENTS AFTER SUCCESSFUL ONE-YEAR TRIAL

News FXOPEN MAKES TICKTRADER AVAILABLE TO ALL CLIENTS AFTER SUCCESSFUL ONE-YEAR TRIAL

The platform provides a high level of customization, the true depth of market, quality liquidity, and trade execution, with each tool being designed with FXOpen’s customers in mind.

2021-12-13 17:39

Comment 7

All (7) Latest Positive (1) Neutral (2) Exposure (4)
KL K
3-5 years
Exposure
Scam
If the platform was under regulation, why did it require certification fee? It asked for identity certificate and other information. Then it continued to ask for more deposit. I was unable to withdraw the money.
2021-07-31

Hong Kong
冬眠了
3-5 years
Exposure
Induce you into investing again
I’ve never changed the bank card which is bound to my wallet. And I’ve transferred successfully once. Why can’t I withdraw funds for the second time? Who can give me a reasonable explanation?
2021-04-22

Hong Kong
冬眠了
3-5 years
Exposure
Scam u. Unable to withdraw
I can withdraw funds for the first time. But I haven’t withdrawn funds since then for wrong account. I was asked to pay margin but I still can’t withdraw funds on grounds of insufficient credit score. So I still need to pay 140,000 yuan.
2021-04-22

Hong Kong
A全国汽车违章. 少婷
3-5 years
Exposure
Unable to withdraw. Is it a scam?
I used this platform via the net friend’s recommendation. You can withdraw funds for the first time but then you can’t. I was told that my bank card number was wrong so they froze my account. And I need to pay 24,212 to unfreeze my account or my funds would be deducted all along.
2021-03-10

Hong Kong
C.5918
6-10 years
Neutral
A liar company, saying that it is a safe and reliable foreign exchange company, is actually a scammer. If you foolishly invest here, you will never get back a cent of your money!
2023-03-01

New Zealand
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