Forex Broker Comparison

FXOpen experiencesFXOpen experiences

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Forex and CFD Broker FXOpen

Forex and CFD broker FXOpen was founded in 2005 and is registered in England and Wales. FXOpen attaches great importance to security. The broker will regulated by several authorities. Among others by the FCA (Financial Conduct Authority), which is considered to be relatively strict. This regulation requires that customer deposits and company funds must be kept separate. Thus, payouts are always secure. It is a so-called ECN broker.

FXOpen also offers a micro account, which can be opened with a minimum deposit of just €1. There are a total of 4 account types, all of which have been tested as demo accounts can become. Worth mentioning is a special crypto account, which was specially developed for the trader who specializes in crypto currencies. Man also finds many exotic currencies there that are not offered by other brokers. Another benefit is that trading cryptocurrencies at FXOpen is possible around the clock. Here you can also see that FXOpen's specialization is CFD trading with cryptocurrencies.

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The free demo account is easy to open and you can choose a virtual amount between $1,000 and $500,000. As a trading platform is the Metatrader 4 and Metatrader 5 as well as a mobile app available. Scalping is not allowed. Deposits and withdrawals can be made by bank transfer or credit card will. The crypto account can be charged directly with a crypto transfer.

Unfortunately, training offers cannot be found at FXOpen. The support (English only) is very competent and is available from Monday to Friday. Inquiries can also be made by email, but the answer here can take several days.

Conclusion

FXOpen is a modern and secure broker specializing in CFD trading with cryptocurrencies. Regulation by CySEC Cyprus speaks for the reliability and seriousness of the broker. The crypto account is highly recommended if you specialize in crypto trading. Payments can be made using crypto wallets carry out and also rare cryptos can be found to trade.

Account types at FXOpen

ECN account

The ECN account at FXOpen is very popular and suitable for both the beginner and the advanced trader. Minimum deposit for ECN account is 300 USD/EUR. The spread starts from 0 pips. Many instruments can be traded. Forex, CFDs on cryptocurrencies and indices.

  • minimum deposit: 300 EUR/USD
  • base currency EUR/USD
  • leverage: 1:30
  • minimal lotsize: 0.01
  • demo account
  • many Forex pairs
  • crypto-CFDs, shares-CFDs, indices-CFDs, metal-CFDs, energie-CFDs
  • telephone trading
  • trading hours: mon (0 pm) - sat (0 pm) - Cyprus time

STP account

You can also open an STP account from 300 EUR/USD. Spreads can start from 0 pips and are variable. With the STP account one can trade many currency pairs, gold and silver. Otherwise there are no fees as these are already included in the spread. Scalping is also allowed.

  • minimum deposit: 300 EUR/USD
  • base currency EUR/USD
  • leverage: 1:30
  • minimale lotsize: 0.01
  • demo account
  • no fees
  • many Forex pairs
  • metall CFDs
  • <
  • telephone trading
  • trading hours: mon (0 pm) - sat (0 pm) - Cyprus time

Crypto account

The crypto account is suitable for traders who specialize in trading with cryptocurrencies or want to specialize in it. Many crypto currencies can be traded with the crypto account that are not offered by other brokers (Dash, Namecoin, Emercoin, peer coin). The maximum leverage is 1:3. Deposits to the crypto account can be made using Bitcoin and other cryptocurrencies. Since it is the crypto account is an ECN account, the rates are not set by the broker. Each cryptocurrency offered can be traded against the euro or the US dollar.

Mikro account

FXOpen's comprehensive offering also includes a micro account. Deposits start from as little as €1 and you can trade 28 currency pairs, gold and silver. It can a Leverage of up to 1:500 can be selected.

Demo account and live account

All trading platforms can be tested at FXOpen with a demo account. When filling out the form you can choose between the DemoEcnMT5 and the DemoEcn account type.

Demo Ecn MT5
  • Leverage: 1:1,1:10, 1:33
  • virtuel credit: 1.000 – 5000.000
  • account currency: USD
Demo Ecn
  • Leverage: 1:33
  • virtual credit: 1.000 – 5000.000
  • account currency: EUR, USD, GBP
FXOpen demo account

Apart from the email address, no further information is required. As always with such registrations, you will receive an email with a confirmation link, which you can then click on can register on the platform. When you log in for the first time, a PIN is displayed once, which you should note and save.

Additional demo accounts can be added (NT 4 or MT 5). The account can be topped up with a virtual credit of 1,000 - 5,000,000. Then you get the access data via email in order to register. We did not find any settings for reloading the account or changing settings in our test.

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FXOpen demo account
live account

If you want to trade with real money and use the crypto account or micro account, additional verification is required.

Tradable cryptocurrencies

FXOpen offers CFDs on over 40 cryptocurrencies that can be traded 24/7. Here is a selection of the most important cryptos and the current live spread:

  • BTCEUR | Spread: 40
  • BTCUSD | Spread: 70,5
  • LTCUSD | Spread: 0,324
  • XRPUSD | Spread: 0,00170
  • DSHUSD | Spread: 0,548
  • ETHUSD | Spread: 4,75
  • EOSUSD | Spread: 0,00900

BitcoinLitecoinEthereumDASH

Trading platforms

At FXOpen you can choose between 3 platforms:

  • Metatrader 4
  • Metatrader 5
  • Tick Trader

Platforms comparison

Krypto Broker FXOpen Metatrader 4
Metatrader 4
Metatrader 5
Metatrader 5
TickTrader
TickTrader
markets Forex, indices, raw materials, shares, cryptos Forex, indices, raw materials, shares, cryptos Forex, indices, raw materials, shares, cryptos
features technical analysis, auto-Trading (EA) technical analysis auto-trading (EA), economic calendar technical analysis, auto-trading (EA), economic calendar
order types Markt, Stopp, LLimit GTC/GTD Markt, Stopp, LLimit GTC/GTD Markt, Stopp, LLimit GTC/GTD, IOC, Stopp-limit, Versteckt, Eisberg
operatings systems WindowsAppleAndroid WindowsAppleAndroid WindowsAppleAndroid

Regulation

When it comes to regulation and security, FXOpen is in good hands. The broker is regulated several times, including by the FCA (Financial Conduct Authority). The FCA has a reputation for being an accurate authority.

Obligation to make additional payments

When the account threatens to go negative, positions are automatically closed by the broker. There is no obligation to make additional payments at FXOpen.

Website

zur FXOpen website

FXOpen advantages

  • free demoa ccount free demoa ccount
  • regulation by several authorities regulation by several authorities
  • account from 1$ account from 1$
  • many currency pairs tradable many currency pairs tradable
  • ECN broker ECN broker
  • tight spreads tight spreads
  • many CFDs on cryptos many CFDs on cryptos
  • crypto account crypto account
  • cryptocurrencies tradable 24/7 cryptocurrencies tradable 24/7
  • competent support competent support

FXOpen experiences and reviews

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➔ together: 100% FXOpen experiences
review from: Admin date: 27.06.2022
  • customer support: 100% customer support
  • fees: 100% fees
  • trading platform: 100% trading platform
  • minimum deposit: 100% minimum deposit
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Security: solve the function 12 + 8 =
 
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