FXOpen Review

What is FXOpen

FXOpen is an international forex broker that has been operating the market since 2003. For users of the platform, it provides favorable conditions, various terminal terminals, fast transactions, investment accounts, the ability to trade cryptocurrencies and more.

FXopen Homepage
FXopen Homepage

How Does FXOpen Exchange Work

FXOpen was among the first web resources to offer their customers profitable ECN and Islamic accounts. Among its other advantages is a minimum deposit of $ 100, an impressive number of instruments, including cryptocurrencies, forex, CFDs, stocks and the availability of professional technical support.

To make trading at different levels of traders comfortable and profitable, different accounts are available for this: standard, STP, ECN and Crypto accounts. In demo account mode, you can test the platform’s performance without risking loss of your capital.

One of the FXOpen trading platforms is MetaTrader 4. About 90% of applications from the total volume of transactions in the forex market takes place on this platform. 

Its functionality allows users to test strategies, analyze financial markets, conduct various operations, use advisers, manual trading from the chart and more. The terminal has been adapted for profitable trading on the ECN system and today is a good solution that ensures stable operation. In addition, FXOpen improved MT4, adding to it its innovative development – a liquidity aggregator. With it occurs instant performance of orders at the best prices.

Other trading platforms are the multi-market MetaTrader 5, which is already considered as the most popular terminal for online trading and WebTrader that will allow you to start trading without installing software. There are also MyFXbook, ZuluTrade and mobile applications.

All users are offered PAMM accounts, with which you can find professional PAMM-STP managers, as well as PAMM-ECN traders on the site who are ready to cooperate on mutually beneficial conditions.

This is a special system that is focused on professional investors and gives them the opportunity to receive additional income. This includes auto trading, deal copy options, and an affiliate program. You can quickly find exactly the offer that is interesting to the platform participant using a convenient filter system. Also, each client can visit the forum and leave their reviews about PAMMs.

FXopen website
FXopen website

Is FXOpen Safe?

FXOpen is regulated by ASIC, FCA and others. It is considered a medium-risk broker, with a total trust account of 74 out of 99. The platform is also not managed by a bank or traded on an exchange.

Review results

FXOpen is a forex broker that does a lot to ensure that its service is simple, convenient and functional for any person. The web resource has a number of trading platforms, options for transactions and assets, licenses for the provision of services and good customer support.