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FXOpen has a variety of entities around the world. FXOpen Markets Limited, which operates www.fxopen.com, is a company based in Nevis and is not regulated by a financial regulator and is the subject of this review. FXOpen does have other entities, that are authorised and regulated by the UK Financial Conduct Authority, Cyprus Securities and Exchange Commission and the Australian Securities and Investments Commission but these are not the subject of this review.
FXOpen offers a wide variety of different trading accounts suitable for both beginner and advanced traders. This includes ECN, STP, Micro and Crypto Accounts, as well as Islamic swap-free accounts and the use of a demo trading account. Through these accounts, users can trade on more than 70+ financial CFD instruments covering Forex, Indices, Shares, Cryptos and Commodities with the ability to access maximum leverage up to 500:1.
Users can access a mixture of commission-free trading accounts and commission-based trading accounts as low as 1.5 USD per lot for volumes above $250 million and 3.5 USD per lot for volumes below $5 million. The broker offers the ability to trade on the MetaTrader 4, MetaTrader 5 and TickTrader trading platforms for desktop, web and mobile with access to Trader’s Tools which includes calculators, Level2 plugins and social trading integration with MyFXBook and ZuluTrade.
The broker also provides access to market analysis and some educational articles through the FXOpen Blog. Customer support is provided in multiple languages 24 hours a day, 5 days a week and there are a variety of bonuses and promotional offers available.
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