You will need to select which account type you wish to trade and verify your identity and proof of address. Nonetheless, when we used the services of FXOpen, we were assured of top-tier regulatory oversight and consumer protection. This includes negative balance protection for retail customers and access to third-party compensation schemes in the case of business insolvency. It is good to see the broker also receives a decent trust rating in other customer reviews.
- We are confident the platform provides all the features needed for both beginners and experienced traders.
- On the other hand, STP account holders will incur no separate commission fee.
- For major forex pairs including EUR/USD and GBP/USD, spreads averaged around 0.2 pips, whilst for EUR/GBP, spreads were offered at 0.5 pips.
- Today, the broker offers services to over 1 million traders worldwide including Canada, Germany, Vietnam and Nigeria.
- When we used the FXOpen bespoke platform, we were impressed with its simple navigation, fully customizable experience and clear price analysis charts.
Micro Account
The support team can help with several issues and questions including e-wallet and Bitcoin deposits, withdrawal problems, and proof of address queries. The ECN or STP demo server will remain accessible as long as you log in each month. You can then upgrade to a live real-money account when you’re ready. An online application for an eWallet initiates the account opening process. It may be completed by using an existing social media profile or by submitting an e-mail address and valid phone number.
Open your account
This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Today, the broker offers services to over 1 million traders worldwide including Canada, Germany, Vietnam and Nigeria. The STP account is the most suitable choice for low-frequency traders, while the ECN account caters to high-frequency traders and professional outlets.
The minimum withdrawal for bank wire transfer is 50 GBP, USD, or EUR, and for all other methods, the minimum is 10. There is no maximum xcritical website withdrawal limit for bank transfers, but for card withdrawals, the limit is set at 15,000 GBP, USD, or EUR. VPS is free of charge (provided minimum conditions are met) or for a $30 monthly fee.
Regulation and Security
Other fees to be aware of include swap charges on positions held overnight. FXOpen also charges a $10 monthly inactivity fee after a profile has been dormant for six months. To get started, sign in to the FXOpen client portal and add a TradingView account. Next, fund your TradingView account through an internal transfer. Finally, sign up with TradingView and connect your profile with your FXOpen account. Let FXOpen provide insightful analysis and useful information to help inform your trading decisions.
About FXOpen
Individuals investing via the ECN profile will trade on the raw price from banks and liquidity providers, and with this, pay a small commission fee. On the other hand, STP account holders will incur no separate commission fee. Research and educational content are provided on the FXOpen blog, which features a more modern design than the website. The daily analytics are presented well and consist of written content and charts. Cryptocurrencies populate a dedicated section, while educational articles are available under the Strategies category.
If you have experience trading with FXOpen please share your personal review of the broker and what you think are strong xcritical cheating and weak points. This average customer rating is based on 8 FXOpen customer reviews submitted by our visitors. Compare the markets and instruments offered by FXOpen and its competitors. Please note, some markets may only be available via CFDs or other derivatives. Compare FXOpen with the top 3 similar brokers that accept traders from your location.