FXOpen Review
FXOpen is rated 4.3 out of 5 stars. Read our concise, full review on the pros and cons of FXOpen.
Not available in United States
) FXOpen Overall rating
4.3| Rating | Weight | |
| User rating | 3.9 (54 reviews)  | 3 |
| Popularity | 3 | |
| Regulation | 2 | |
| Pricing rating | 1 | |
| Features | Not rated | 1 |
| Customer Support | Not rated | 1 |
FXOpen Profile
| Company Name | FXOpen Markets Limited,FXOpen AU PTY Ltd, FXOpen EU, Ltd FXOpen Ltd |
| Categories | Forex Brokers, Cryptocurrency Brokers, Forex Rebates, Cryptocurrency Rebates |
| Primary Category | Forex Brokers |
| Year Founded | 2005 |
| Headquarters | St Kitts and Nevis |
| Office Locations | Australia, St Kitts and Nevis, New Zealand, Russia, United Kingdom |
| Account Currency | AUD, CHF, EUR, GBP, GLD, JPY, RUB, SGD, USD, BTC, LTC, ETC |
| Client funds bank | ALFA-BANK |
| Support Languages | Arabic, Chinese, English, French, German, Hungarian, Indonesian, Italian, Portuguese, Russian, Spanish, Thai, Turkish |
| Funding Methods | Bank Wire, Bitcoin, Credit/Debit Card, FasaPay, Litecoin, Neteller, POLi, Webmoney, Local Bank Transfer, Bitcoin Cash, Ethereum, AdvCash, Tether (USDT) |
| Financial Instruments | Forex, Shares, Indices, Oil/Energies, Cryptocurrencies, Metals, ETFs |
24 hour support
Segregated Accounts
Islamic Accounts
Accepts Canadian clients
Accepts Japanese Clients
Non expiring demo
Trading API
Cent accounts
Negative balance protection
Social trading
Regulatory deposit insurance
Trailing stops
Bonuses
Interest on margin
Fixed spread
Variable spread
FXOpen Web traffic
Our web traffic data is sourced from SimilarWeb and sums the traffic data of all websites associated with a broker. Organic visits are visits the broker didn't pay for, based on the available data. This data updates once monthly and can be based on data purchased from internet service providers, traffic metrics sourced by a third party such as Google Analytics that the company chooses to share with SimilarWeb, etc.
| Websites |
fxopen.com
|
| Organic monthly visits | 202,710 (100%) |
| Organic traffic rank | 93 out of 813 (Forex Brokers) |
| Paid monthly visits | 3 (0%) |
| Total monthly visits | 202,713 |
| Bounce rate | 72% |
| Pages per visit | 2.14 |
| Average visit duration | 00:01:10.3700000 |
FXOpen Account types
| STP | PAMM STP | ECN | PAMM ECN | |
| Commission | - | From 1.5 to 5 units for ECN Accounts | ||
| Maximum leverage | 500:1 | 100:1 | 500:1 | 100:1 |
| Mobile Platform | MT4 Mobile, MT5 Mobile | - | MT4 Mobile, MT5 Mobile | MT4 Mobile |
| Trading platform | MT4, MT5, WebTrader | - | MT4, MT5, WebTrader | - |
| Spread Type | Variable Spread | |||
| Minimum Deposit | 10 | 200 | 100 | |
| Minimum Trade Size | 0.01 | |||
| Trailing Stops | | |||
| Scalping Allowed | | |||
| Hedging Allowed | | |||
| Islamic Accounts | | |||
| STP | |
| Maximum leverage | 500:1 |
| Typical Spread | 1 - 1.2 |
| Trading platform | MT4MT5WebTrader |
| Mobile platform | MT4 MobileMT5 Mobile |
| Spread type | Variable Spread |
| Minimum deposit | 10 |
| Minimum Trade Size | 0.01 |
| Trailing Stops | |
| Scalping Allowed | |
| Hedging Allowed | |
| Islamic Accounts |
|
| PAMM STP | |
| Maximum leverage | 100:1 |
| Typical Spread | 1 - 1.2 |
| Spread type | Variable Spread |
| Minimum deposit | 200 |
| Minimum Trade Size | 0.01 |
| Trailing Stops | |
| Scalping Allowed | |
| Hedging Allowed | |
| Islamic Accounts |
|
| ECN | |
| Commission | From 1.5 to 5 units for ECN Accounts |
| Maximum leverage | 500:1 |
| Typical Spread | 0.0-0.4 |
| Trading platform | MT4MT5WebTrader |
| Mobile platform | MT4 MobileMT5 Mobile |
| Spread type | Variable Spread |
| Minimum deposit | 100 |
| Minimum Trade Size | 0.01 |
| Trailing Stops | |
| Scalping Allowed | |
| Hedging Allowed | |
| Islamic Accounts |
|
| PAMM ECN | |
| Commission | From 1.5 to 5 units for ECN Accounts |
| Maximum leverage | 100:1 |
| Typical Spread | 0.0 - 0.4 |
| Mobile platform | MT4 Mobile |
| Spread type | Variable Spread |
| Minimum deposit | 100 |
| Minimum Trade Size | 0.01 |
| Trailing Stops | |
| Scalping Allowed | |
| Hedging Allowed | |
| Islamic Accounts |
|
FXOpen User Rating
3.9FXOpen reviews by verified customers, cashback rebates, expert ratings, spreads & fees, leverage, demo accounts, downloads, trading platforms and more.
Please make sure your comments are relevant and that they do not promote anything. Irrelevant comments, including inappropriate or promotional links, and comments containing abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind, will be deleted.
FXOpen Cashback rebates
| STP | PAMM STP | ECN | PAMM ECN | |
| Forex | 0.30 Pips | 23.33% Of Commissions Paid | ||
| Cryptocurrencies | - | 23.33% Of Commissions Paid | ||
| Payment Options |
Monthly Cash Back
Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month. | |||
| STP | |
| Forex | 0.30 Pips |
| Payment Options |
Monthly Cash Back
Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month.
|
| PAMM STP | |
| Forex | 0.30 Pips |
| Payment Options |
Monthly Cash Back
Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month.
|
| ECN | |
| Forex | 23.33% Of Commissions Paid |
| Cryptocurrencies | 23.33% Of Commissions Paid |
| Payment Options |
Monthly Cash Back
Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month.
|
| PAMM ECN | |
| Forex | 23.33% Of Commissions Paid |
| Cryptocurrencies | 23.33% Of Commissions Paid |
| Payment Options |
Monthly Cash Back
Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month.
|
Notes
Maximum rebates payable per client: $66.66 per order; $666.66 per day; $6666.66 total.
Rebates are not paid on Micro accounts.
What are FXOpen rebates?
Many traders initially believe there must be higher costs elsewhere to compensate, however they soon find there is no catch and Forex rebates truly reduce the costs of the transaction and improve their bottom line.
How do FXOpen rebates work?
When you link a new or existing forex trading account to us the broker pays us part of their spread or commission profit for every trade you make as compensation for referring a customer to them. We then share the majority of our revenue with you, paying you a cash rebate for each trade you make as thank you for signing up with us.Unlike some of our competitors your spreads will never increase as a result of using our service! The only difference is: as our client you earn extra cash per trade, making trading through us more profitable than opening direct with the broker. Founded in 2007, we are the original and leading provider of forex rebates. We pay rebates to over 100,000 accounts and traders love our helpful 24 hour live chat, telephone and email support.
How much FXOpen rebates can I earn?
Units per 1 lot vary on non-forex pairs, please check with your broker
In MT4 and MT5 right click a symbol and then click Specification. The Contract Size field tells how many units are in one lot.
View image
Are FXOpen rebates a scam; do my spreads increase?
When working with a trustworthy rebate provider, there is no ‘catch’. It is more beneficial to a trader’s financial position to work with a rebate provider than solely with the forex broker.
Are there any other benefits to signing up for FXOpen rebates?
How are forex rebates paid?
Because we deal with so many traders in so many different countries and serve 23 languages we have to cover a wide array of options. Here’s what we offer:
Forex rebate options vary per broker:
| Monthly cash back | Payments are credited and sent automatically by the 12 of the month following the month rebates are earned in. |
| Spread or commission reduction | The trader actually receives reduced commissions and/or spreads. This is an exciting option offered by some of our top brokers. |
| Paid direct to brokerage account | Cashback is credited directly to the trader’s brokerage account, typically between 1-7 days after the trade is closed. This is another exciting options offered by some of our top brokers. |
In the case of the ‘Monthly cash back’ rebate option, monthly payments can be paid via bank wire, Paypal, Skrill, Sticpay, China Unionpay, and Neteller. Some payment methods such as bank wire carries fees and often traders set a custom minimum payment amount in order to accumulate rebates and withdraw their rebates less often than monthly.
FXOpen Regulation / Money Protection
5.0| Company | Licenses & Regulations | Segregated Client Money | Deposit Compensation Scheme | Negative Balance Protection | Rebates | Max. Leverage Retail Clients |
|---|---|---|---|---|---|---|
| FXOpen AU PTY Ltd |
|
|
|
|
30 : 1 | |
| FXOpen EU Ltd |
|
up to €20,000
|
|
|
30 : 1 | |
| FXOpen Ltd |
|
up to £85,000
|
|
|
30 : 1 | |
|
FXOpen Markets Limited
St Kitts and Nevis |
|
|
|
|
|
500 : 1 |
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Investing in assets such as stocks, bonds, cryptocurrencies, futures, options, and CFDs involves considerable risks. CFDs are especially risky with 74-89% of retail accounts losing money due to high leverage and complexity. Cryptocurrencies and options exhibit extreme volatility, while futures can also lead to significant losses. Even stocks and bonds can depreciate quickly during market downturns, and total loss can ensure if the issuing company fails. Furthermore, the stability of your broker matters; in case of bankruptcy, the presence of an effective investor compensation scheme is crucial for protecting your assets. It's vital to align these investments with your financial goals and if needed, consult with financial professionals to navigate complex financial markets.
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