FXOpen broker review
On this page, we review the FXOpen broker. fxopen broker is one of the oldest brokers that traders can use its services.
| Broker name | FXOpen |
| Established year | 2005 |
| Spread rate | Low |
| Central office | Cyprus |
| Regulation | CYSEC |
| Minimum deposit | 1 $ |
| The easiest way to deposit and withdraw | Digital currencies |
- FXOpen Broker Review Summary Table
Cent Account
Copy Trading
Spread Reduction Trick
Islamic Account
Permission To Trade Scalping
What you will read on the FXOpen broker page:
- fxopen broker review video
- What is fxopen?
- fxopen broker credit
- Where is the head office of fxopen Broker?
- fxopen broker history
- Table of introduction and comparison of account types in fxopen broker
- The amount of spread in the fxopen broker
- Islamic account in fxopen broker
- Deposit and withdrawal in fxopen broker
- fxopen broker bonuses
- Necessary documents for identity verification
- fxopen broker trading platforms
- fxopen copy trading broker
- Advantages and disadvantages of fxopen broker
What is fxopen?
Fxopen is the name of one of the active brokers in the market that has started providing services to traders since 2005. You can get detailed information about the progress of this broker over many years by entering the main website of fxopen. One of the noteworthy points of the fxopen broker is that it provides advanced training in technical analysis and fundamental analysis to traders so that by acquiring more skills in this field, they can profit from the financial market.
fxopen broker credit
The fxopen broker can be considered one of the brokers with acceptable credit due to its regulation and history of more than 15 years; of course, you should check all the different aspects of the broker before opening an account with a broker. Have the best choice for trading.
fxopen broker rules
The fxopen broker has cysec regulation.
Where is the head office of fxopen broker?
The head office of fxopen broker is located in Cyprus.
How many years of experience does fxopen broker have?
fx open broker started its activity in 2005 .
Table of introduction and comparison of account types in fxopen broker
| Profile / account name | Micro | Crypto | STP | ECN |
|---|---|---|---|---|
| Minimum deposit for opening | 1$ | 10$ | 10$ | 100$ |
| Spreads | Starting from 0 | Starting from 0 | Starting from 0 | Starting from 0 |
| Commission | 0 | 0.5 % | 0 | $1.5 per trade lot |
| Maximum leverage | 1:500 | 1:3 | 1:500 | 1:500 |
| Ability to trade currency pairs | Yes | No | Yes | Yes |
| Ability to trade stocks and indices | No | No | No | Yes |
| Possibility of digital currency trading | No | Yes | No | Yes |
| Scalp permission | No | Yes | Yes | Yes |
| Permission to use Expert | Yes | Yes | Yes | Yes |
As you can see in the table above, the fxopen broker offers users four types of trading accounts, which we will examine in detail below.
Opening ECN account in fx open broker
You can open an ECN account in fxopen broker by depositing 100 dollars; the spread of this account is floating and starts from 0; it also has 1.5 dollars commission per trade lot, and the maximum leverage that can be used in this account is 1 It is: 500.
Opening an stp account in fx open broker
You can open an stp account in fxopen broker with a minimum deposit of 10 dollars, this account has no commission, and its spread starts from 0; also, users can use the maximum leverage ratio of 1:500 in this account.
Opening a crypto account in the fxopen broker
The minimum deposit to open a crypto account at fxopen broker is $10. This account has a 0.5% commission, and its spread is floating and starts from 0. The maximum leverage that can be used in it is 1:3.
Opening a micro account in fxopen broker
Traders can open a micro account in fxopen broker by depositing only 1 dollar, but you should note that using the scalp strategy in this account is not possible. The spread of this account starts from 0 and has no commission, the maximum leverage that can be used in it is 1:500.
fxopen broker spread
The spread of the fxopen broker is floating and starts from 0; of course, you can view the spread instantly by entering the fxopen website.
fxopen broker Islamic account
The ability to use an Islamic account is available in the fxopen broker; of course, Muslim traders must attach a document confirming their Muslim status along with the request to convert their account to Islam.
How much deposit can you open a real account in fxopen broker?
Traders can open a real or real account in fxopen broker by depositing $1 and using this broker’s services.
Deposit and withdrawal in fxopen broker
The methods of depositing and withdrawing in fxopen broker include using fasapay and digital currencies such as Bitcoin, Bitcoin Cash, Ethereum, Tether, etc. Of course, you should note that the amount of minimum deposit and maximum withdrawal, as well as the commission of each method, differs from the other. You can check these items by entering the main website of fxopen.
fxopen broker bonus
fxopen broker offers many bonuses to users; of course, after opening an account in this broker, traders must provide the conditions for receiving these bonuses for a maximum of 90 days to be able to use these incentive plans; of course, you should note that some of these bonuses are for Residents of all countries are not available, so it is better to refer to fx open broker support to get information about the exact conditions of each bonus.
What documents are required to verify identity in fxopen broker?
Identity verification and account opening in fxopen broker require documents confirming address and identity verification; for example, you should use a passport, certificate, etc., to verify personal documents, tax declaration etc., to verify the address. Of course, you should note that the documents you send must have special conditions; for example, the documents you send must be in English or an English translation, and you must send a clear picture of your documents.
Tradable assets and trading in fxopen broker
Tradable and trading assets in the fxopen broker include currency pairs, digital currencies, indices and stocks, some precious metals, etc.
fxopen broker trading platforms
The trading platforms of the fxopen broker include Metatrader 4 and 5, which you can click on the links below to download these platforms.
MetaTrader 5
MetaTrader 4
fxopen broker PAMM account
Fortunately, the fxopen broker also supports the PAMM trading account and allows people to safely entrust the management of their trading account to a professional trader.
fxopen broker scam
Fortunately, we have not received any reports of fxopen broker fraud or user complaints about this broker.
Advantages of fxopen broker
- having a rule
- Having a PAMM account
- Having more than 15 years of experience
- Providing various trading accounts
- Providing online chat support
Disadvantages of fxopen broker
- -
