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FXOpen

Cyprus | 10-15 years |
Regulated in Cyprus | Market Maker (MM) | MT4 Full License | Global Business | New Zealand Financial Service Corporate Revoked | Suspicious Overrun | High potential risk

https://www.fxopen.com/en

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

FXOpenAU-Demo STP

United Kingdom
MT4
97

Influence

D

Influence index NO.1

France 2.64

MT4/5 Identification

MT4/5 Identification

Full License

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

Influence

Influence

D

Influence index NO.1

France 2.64
Surpassed 65.60% brokers
Biz Area Search Statistics Advertising Social Media Index

Contact

+357 25024000
info@ambprime.com
https://www.fxopen.com/en
38, Spyrou Kyprianou STr, CCS BLDG - OFFice N101, CY-4154 LiMassol / P.O. BOX 51605, CY-3507 LiMassol
VPS Standard
No restriction on the broker account

Single Core

1G

40G

1M*ADSL

Open
WikiFX Risk Alerts
2025-07-27
  • The number of this brokers's negative field survey reviews has reached 3. Please be aware of the risk and the potential scam!
4

Basic Information

Registered Region
Cyprus
Operating Period
10-15 years
Company Name
FXOpen EU Ltd
Abbreviation
FXOpen
Company employee
--
Customer Service Email Address
support@fxopen.eu
Contact Number
+35725024000
Company address
38, Spyrou Kyprianou STr, CCS BLDG - OFFice N101, CY-4154 LiMassol / P.O. BOX 51605, CY-3507 LiMassol
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New Zealand FSPR, but the authenticity of these licenses are suspectable, especially the latter, which appeared to have been revoked, according to quer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
A Site Visit to AMB Prime in Cyprus

A Site Visit to AMB Prime in Cyprus

The inspection team of confirmed the existence of the office of AMB Prime in Cyprus after the site visit. Its office is not very large. AMB Prime holds MM license issued by CySEC.

Good FXOpen Cyprus
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
A Site Visit to AMB Prime in Cyprus

A Site Visit to AMB Prime in Cyprus

The inspection team of confirmed the existence of the office of AMB Prime in Cyprus after the site visit. Its office is not very large. AMB Prime holds MM license issued by CySEC.

Good FXOpen Cyprus
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

FX7359315392

Unverified

Bangladesh

Essentially it is not possible to withdraw anything from them. I feel it may well be arbitary towards me. I have offered settling the dispute by transferring my peak equity (approx. 6000 euro) since the blockage through a final SEPA transfer and then closing my account. But of course they really appear unable to process any withdrawals, other than offering me to move the money to moneybookers which would not then process the withdrawals to my bank account, but will charge fees.

Exposure

2021-09-03

Mayaz Ahmad

Unverified

Bangladesh

i had managed once again to close most of my trades in profit on my Mt4 terminal account, but i noticed the trades i closed in profit on my mt4 terminal were left open on the fxopen platform. contacted their support and explained the situation and provided evidence which clearly show the mt4 account was running, and all most these trades closed in profit, they claimed my stp account expired which is absolutely false.

Exposure

2021-09-01

KL K

Unverified

Hong Kong

If it's truly regulated, why require a verification deposit? Every deposit demands identity verification. Even after providing all documents, they blame system settings—claiming it's to prevent credit issues after verification deposits, then cite other excuses... a bottomless pit. Now watching money get deducted in real-time 🤧😭

Exposure

2021-07-31

Rahmoune Abdallah

Unverified

Hong Kong

It is a little bit tricky. Depositing is free but withdrawing charges commission fees. This makes me feel that depositing is easier and withdrawing can be harder. What if I'm running at a loss and I want to withdraw my money? Then I have to pay more, which is awful...

Neutral

06-09

hanozo22

Unverified

Hong Kong

Its trading platforms operate well. I usually use MetaTrader 4 or MetaTrader 5, and recently I tried the other two platforms offered by FXOpen, which turns out to be good.

Neutral

06-09

FX1727239306

Unverified

New Zealand

The members area is great, very complete and I have many deposit methods available. The execution is very fast, I have never had a re quotation. I love the fact I have commission free withdrawals and I can do it as many times as I want. I would recommend it for beginners and also advanced traders, it is very complete!

Positive

2024-07-10

FX1494149797

Unverified

Cyprus

I use both MT4 and MT5 for my trades, and FXOpen’s integration of these platforms is seamless. I particularly enjoy using custom indicators and automated trading scripts which are supported brilliantly here.

Positive

2024-06-18

FX1669530399

Unverified

United States

A very transparent broker. The ease of doing business with them is second to none in the industry. Their deposit and withdrawal system is superlative. I deposited in the morning, did a few trades, made a huge profit and I withdrew seamlessly twice the same day. The withdrawn funds hit my account within minutes. This is excellent!

Positive

2024-04-30

Alexia

Unverified

Germany

Well mates I had a pretty bad experience with FXOpen, I lost everything, I couldn’t withdrawal after trading and after sometime I was locked out of my account, and that was it, I don’t see anything good with this broker, after my loses I started trading with, benarmstrong-trades. com and I’ve not had any issue with my withdrawal, I was able to make $9,000 in a week. Another thing about FXOpen is their customer service won’t respond, Ben Armstrong offers the best, that where i trust.

Positive

2023-03-07

C.5918

Unverified

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

谢家少爷《二》

Unverified

Singapore

It is really attractive that you can open a micro account with FXOpen with as little as $1. But I saw that this company does not have any regulatory license, and I was quite scared.

Positive

2023-03-01

FX1275674666

Unverified

United States

I like the fact that FXOpen offers both MT4 and MT5. However, safety is always my first consideration. Goodbye, FXOpen!

Neutral

2023-02-28

FX1217728940

Unverified

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

Unverified

Singapore

The company is registered in Cyprus and regulated by CYSEC. I noticed that its leverage is controlled at 1:30, which is a very sensible level. I know I shouldn't try too high a leverage, so FXOpen's leverage is not a disadvantage for me. I'm going to open a demo account and try it out!

Neutral

2023-02-20

FX1240953418

Unverified

United Kingdom

I've been trading with fxopen for some time, and I feel that this company is worth recommending. For now there is no scams or severe slippages in my account.

Positive

2023-02-16

Peter67

Unverified

India

I am trading with FXOpen and was mainly attracted by their zero spreads and the ability to do trading using their web based Tick Trader platform. Spreads are almost zero which allows for more profits in overall trading with them.

Positive

2022-11-30

FX1054428181

Unverified

United States

It is said that mt4, mt5 and TickTrader are provided, but none of them can be downloaded. Only the Web Trader of these three platforms can successfully enter and trade. In addition, what I have to say is that the four account types they offer look very friendly and good. The most advanced account has a minimum deposit of only $100, while the most basic account only needs $1.

Positive

2022-11-28

FX1059419588

Unverified

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

Tracy94203

Unverified

United Kingdom

I suggest that you should first open a demo account since its minimum deposit reaches $300, not suitable for beginners. I bet you will regret if you open a real one. Its demo account is filled with $1,000,000 virtual money for you to practice your trading strategies… This broker says it provides competitive spreads, however, this should be tested on demo accounts first. By the way, its trading platform is quite smooth and powerful, no latency… Lastly, professional traders can use the leverage up

Neutral

2022-11-18

承远-外汇理财 信用融资

Unverified

Hong Kong

FXOpen seems to offer everything i want. I can trade with MT4 or MT5 demo accounts and enjoy tight spreads although low commissions may be charged. But.. the minimum initial capital is too unfriendly for we beginners, $300? crazy?

Neutral

2022-11-16

20
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Website

Most visited countries/areas
Iraq
fxopen.com
69.63.176.143
fxopen.hk
104.21.17.118
fxopen.com.au
104.26.10.212
fxopen.co.uk
157.240.17.41
fxopen.eu
104.28.7.110
ambprime.com
35.156.199.155

Genealogy

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Relevant Enterprises

FXOPEN AU PTY LTD(Australia)
Active
Australia
Registration No.
143678719
Established
2018-11-21
FXOPEN EU LTD(Cyprus)
Active
Cyprus
Registration No.
HE310300
Established
2013-04-17
FXOPEN LTD(United Kingdom)
Active
United Kingdom
Registration No.
07273392
Established
2013-03-22
FXOPEN INVESTMENTS INC.(Panama)
Active
Panama
Registration No.
702638
Established
2010-06-01
FXOPEN NZ LIMITED(New Zealand)
Deregistered
New Zealand
Registration No.
3688577
Established
2011-12-15

Company Summary

Quick FXOpen Review Summary
Founded in 2007
Registered inCyprus
Regulated byCySEC
Trading Instruments700+, indices, commodities, forex, shares, cryptos, ETFs
Demo Account
Account TypeECN
Min Deposit$/€300
LeverageUp to 1:30
EUR/USD SpreadFloating around 0.2 pips
Trading PlatformMT4/5, TickTrader, TradingView
Deposit Fee
Withdrawal FeeFree for Viisa/MasterCard and Easy bank transfer, fees for Bank Transfer
Customer Service9 am - 8 pm (Eastern European Time)
Live chat
Tel: +357 25024000
Email: support@fxopen.eu
Regional RestrictionUSA

FXOpen Information

FXOpen is a trading name of FXOpen EU Ltd, is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 194/13. FXOpen offers retail and professional trading available markets including indices, commodities, forex, shares, cryptos, and ETFs through MT4, MT5, TickTrader, and TradingView platforms.

FXOpen's homepage

Pros & Cons

ProsCons
Regulated by CySECUS clients are not accepted
Negative balance protectionNo copy trading
Many instruments availableHigh minimum deposit
Demo accountsWithdrawal fees charged
MT4 and MT5 platforms
Live chat support

Is FXOpen Legit?

Yes, FXOpen is regulated by Cyprus Securities and Exchange Commission (CySEC).

Regulated CountryRegulated byRegulated EntityLicense TypeLicense Number
CySECFXOpen EU LtdMarket Making (MM)194/13
Regulated by CySEC

Market Instruments

Indices, commodities, forex, shares, cryptos, ETFs... FXOpen allows clients to access 700+ trading markets.

Trading AssetsAvailable
Indices
Commodities
Forex
Shares
Cryptos
ETFs
Bonds
Options

Account

FXOpen only offers a single account type - ECN trading account, with a minimum deposit requirement of 300 USD or EUR. You can find detailed info about account features in the table and screenshot below:

ECN Trading Account Features
Min Deposit$/€300
Max Leverage1:30
Spread Floating from 0 pips
CommissionFrom $1.5 per lot
Demo Account
ECN account trading features

Leverage

The maximum leverage offered by FXOpen is 1:30. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads & Commissions

The EUR/USD spread is floating around 0.2 pips. If you are interested in spreads on other trading instruments, you can find detailed spread info on its homepage: https://fxopen.com/en-cy/

Spreads

As for commissions, if your account balance is below $1,000, the commission for forex trading is $3.5 per lot, while $1.5 per lot for account balance over $250,000+. Visit https://fxopen.com/en-cy/pricing/ to find more specific info on commissions on other trading instruments.

ECN Account - FX Commission
Account BalanceCommission
Below $1,000$3.5 per lot
$1,000 - $25,000$2.5 per lot
$25,000 - $250,000$1.8 per lot
$250,000+$1.5 per lot
Commissions

Trading Platforms

As for the trading platform, FXOpen provides its clients with many options. There are public platforms such as MT4/5 and TradingView that have served many clients worldwide, also FXOpen's own platform TickTrader.

If you didn't want to spend time familiarizing yourself with a new platform, you can choose MT4/5 and TradingView. But FXOpen's own platform provides better compatibility with businesses, as they are specially developed and customized platforms. The choice is yours.

Trading PlatformSupported Available Devices Suitable for
MT4Windows, MacOS, Web, iOS, AndroidBeginners
MT5Windows, MacOS, Web, iOS, AndroidExperienced traders
TickTraderMacOS, Windows, Linux, Web, iOS, Android/
TradingViewWindows, Web, iOS, AndroidBeginners
Trading Platforms
Trading platforms comparison

Deposit & Withdrawal

In terms of deposit and withdrawal, like many good brokers, FXOpen provides a detailed form with important information about payment methods, accepted currencies, minimum/maximum amount, fees, and processing time. The feasible payment methods are Bank Transfer, Visa/MasterCard, and Easy bank transfer.

Deposit

Deposit MethodMin DepositMax DepositDeposit Fee
Visa/MasterCard0.01 EUR, 1 USD1,000 EUR/USD
Easy Bank Transfer20,000 EUR/GBP50 EUR/GBP
Deposit

Withdrawal

Withdrawal MethodMin WithdrawalMax WithdrawalWithdrawal FeeWithdrawal Time
Bank Transfer15 EUR, 30 USD, 15 GBPNo limit15 EUR, 30 USD, 15 GBP1-3 business days
Visa/MasterCard1 EUR/USD1,000 EUR/USD2-5 business days
Easy Bank Transfer10 EUR/GBP20,000 EUR/GBP/

Note: Withdrawal forms received before 12:00 (GMT) will be processed on the same business day. If these are received after 12:00 (GMT) or the weekend, they will be processed the next business day.

Withdrawal
Deposit & Withdrawal

Customer Support

FXOpen does not offer 24/7 customer support. Customer service time is only available from 9 am to 8 pm (Eastern European Time) by live chat, phone, and email. You can also follow FXOpen on some social media platforms such as YouTube, Facebook, X, Telegram, LinkedIn, and Instagram.

Service Time9 am - 8 pm (Eastern European Time)
Live Chat
Phone+357 25024000
Emailsupport@fxopen.eu
Address38 Spyrou Kyprianou Street, CCS BLDG - Office N101, 4154 Limassol, Cyprus
Social MediaYouTube, Facebook, X, Telegram, LinkedIn, Instagram
Contact info

Keywords

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

News

CySEC Suspends FXOpen Shareholder Voting Rights for Prudent Management

News CySEC Suspends FXOpen Shareholder Voting Rights for Prudent Management

The Cyprus Securities and Exchange Commission (CySEC) has decided to suspend the voting rights of FXOpen EU Ltd’s sole indirect shareholder, Aliaksandr Klimenka, to ensure sound management.

2024-10-30 12:11

FXOpen and TradingView Join Forces on Mobile

News FXOpen and TradingView Join Forces on Mobile

FXOpen has broadened its partnership with TradingView, making their integration available on mobile apps. This update enables traders to use FXOpen via TradingView's mobile applications, providing enhanced flexibility.

2024-06-26 17:41

FXOpen: Three New Currency Pairs Added to Expand Asset Pool

News FXOpen: Three New Currency Pairs Added to Expand Asset Pool

FXOpen expands the asset pool with three new currency pairs. USD/HUF, EUR/HUF, and USD/CZK offer increased trading opportunities in thriving markets. Learn more about the broker's commitment to customer service and enhancements to its services, including the elimination of trading commissions on index CFDs and a reduced minimum trade size. Catering to the diverse needs of global traders, FXOpen remains a reliable platform for seasoned traders in the global financial markets.

2023-05-31 11:49

FXOpen Lowers Minimum Size For Trades On Their Platform

News FXOpen Lowers Minimum Size For Trades On Their Platform

FXOpen, a global FX and CFD broker, has lowered the minimum trade size on index CFDs from 0.1 lot to 0.01, while also introducing commission-free trading. The company offers an extensive range of markets and is regulated by the UK's FCA and Australia's ASIC.

2023-05-04 11:20

WikiFX Reviews FXOpen | Is It Trustworthy?

News WikiFX Reviews FXOpen | Is It Trustworthy?

In today's article, WikiFX will explore FXOpen in depth, examining its features, fees, safety measures, deposit and withdrawal options, trading platforms and customer service to help you make an informed decision on whether or not to entrust this platform.

2023-04-19 17:38

BROKER NEWS UPDATE FOR THE WEEK OF JULY 4

News BROKER NEWS UPDATE FOR THE WEEK OF JULY 4

The UK-based parent company of trading brand FXOpen released its financial report for the year ended December 31, 2021, reporting a surge in revenue. It generated £611,705, almost 146% more than the previous year.

2022-08-06 09:00

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