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FXOPEN
Australia|5-10 years| https://www.fxopen.com.au/en/
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South Africa 5.25Surpassed 15.30% brokers
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Single Core
1G
40G
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Contact number
+852 (+61) 8 6557 8587
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FXOpen AU Pty Ltd
FXOPEN
Australia
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The AustraliaASIC regulation (license number: 412871) claimed by this broker is suspected to be clone. Please be aware of the risk!
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WikiFX Data provideFXOPEN · Company Summary
| FXOPENReview Summary | |
| Founded | 5-10 years |
| Registered Country/Region | Australia |
| Regulation | Suspicious Clone |
| Market Instruments | Indices, commodities, forex, shares, cryptocurrencies, and ETFs |
| Demo Account | ✅ |
| Leverage | Up to 1:30 |
| Spread | Start from 0 pips |
| Trading Platform | TickTrader, TradingView, MT5 (MetaTrader 5), and MT4 (MetaTrader 4) |
| Min Deposit | £300, $300, €300 |
| Withdrawal Methods | Wire Transfer, Skrill, Neteller, and WebMoney |
| Customer Support | +(61) 8 6557 8587+(61) 8 6557 8587+(61) 2 6145 2042 (ext. 117) |
| trading.desk@fxopen.com.aulp@fxopen.orgsupport@fxopen.com.au | |
FXOPEN Information
FXOPEN is an Australian-based broker with 5-10 years of experience. It offers 6 types of trading products, 4 trading platforms, and 4 withdrawal methods. However, its regulatory status is marked as a suspicious clone.
Pros and Cons
| Pros | Cons |
| Offers 6 types of trading products | Suspicious Clone |
| Provides 4 trading platforms | Minimum deposit requirement: £300, $300, €300 |
| Offers 4 withdrawal methods |
Is FXOPEN Legit?
FXOPEN is regulated by the Australian Securities & Investments Commission (ASIC) with a License Type of Market Making (MM) and License Number 412871. However, its regulatory status is Suspicious Clone.
| Regulatory Status | Suspicious clone |
| Regulated by | Australian Securities & Investments Commission (ASIC) |
| Licensed Institution | FXOpen AU Pty Ltd |
| Licensed Type | Market Making (MM) |
| Licensed Number | 412871 |
What Can I Trade on FXOPEN?
FXOPEN offers six types of trading products, including indices, commodities, forex, shares, cryptocurrencies, and ETFs.
| Tradable Instruments | Supported |
| Indices | ✔ |
| Commodities | ✔ |
| Forex | ✔ |
| Shares | ✔ |
| Cryptocurrencies | ✔ |
| ETFs | ✔ |
Account Type
FXOPEN offers two account types: ECN and STP. It also offers demo accounts.
| Account Type | ECN | STP |
| Demo Account | Available | Available |
| Trading Time | 22:00 Sun - 22:00 Fri (GMT) | 22:00 Sun - 22:00 Fri (GMT) |
| Crypto Trading Time | 24/7 for Cryptocurrency CFDs | 24/7 for Cryptocurrency CFDs |
| Minimum Deposit | £300, $300, €300 | £300, $300, €300 |
| Spread | Floating, from 0 pips | Floating |
| Commission (per 1 lot) | From $1.50 | N/A |
| Minimum Transaction Size | 0.01 lot | 0.01 lot |
| Minimum Increment | 0.01 lot | 0.01 lot |
| Leverage | Up to 1:30 | Up to 1:30 |
| Margin Call | 100% | 100% |
| Stop Out | 50% | 50% |
Leverage
Both ECN and STP account types offer a leverage of up to 1:30.
Spreads & Commissions
FXOPEN offers floating spreads for the STP account type. Spreads start from 0 pips for the ECN account.
Trading Platform
FXOPEN offers four trading platforms: TickTrader, TradingView, MT5 (MetaTrader 5), and MT4 (MetaTrader 4). They all support Windows, Web Browser, Android, macOS, iOS, and online access.
| Trading Platform | Supported | Available Devices | Suitable for |
| TickTrader | ✔ | Windows, Web Browser, Android, MAC, iOS, Online | Both Beginner and Experienced Trader |
| TradingView | ✔ | Windows, Web Browser, Android, MAC, iOS, Online | Both Beginner and Experienced Trader |
| MT5 | ✔ | Mobile and Desktop（Windows & macOS） | Experienced Trader |
| MT4 | ✔ | Mobile and Desktop（Windows & macOS） | Beginner |
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Deposit and Withdrawal
FXOPEN offers the following withdrawal methods: Wire Transfer, Skrill, Neteller, and WebMoney.
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