FXOpen began in 2003 as a trading-education outfit before launching brokerage services in 2005, and today operates as a multi-entity group regulated separately by CySEC (Cyprus), the FCA (UK) and ASIC (Australia).
| Regulated entity | FXOpen EU Ltd |
|---|---|
| Regulation | CySEC No. 194/13 + FCA No. 579202 + FSA Seychelles-licensed (licence number unconfirmed) |
| Other Tier-1 regulators | ASIC |
| Founded | 2003 |
| Headquarters | London, UK (group); FXOpen EU Ltd, the CySEC entity, is based in Cyprus |
| Minimum deposit | $300 / €300 |
| Avg. spread (EUR/USD) | 1 pips |
| Platforms | MT4, MT5, TradingView, Proprietary (TickTrader) |
| Instruments | Forex plus CFDs on indices, commodities, stocks and cryptocurrencies |
See FXOpen's full regulation dossier → · How to check whether a forex broker is regulated
Derived from the same confirmed data behind this broker's score (regulation, cost, platforms, deposit minimum) -- not a separate editorial judgment.
Via its FCA-regulated UK entity, eligible clients are covered by the UK's Financial Services Compensation Scheme (FSCS) up to £85,000 per person if the firm fails. Via its CySEC-regulated Cyprus entity, eligible clients are covered by Cyprus's Investor Compensation Fund (ICF) up to €20,000 per person if the firm fails. Via its Seychelles FSA-licensed entity, there is no statutory investor compensation scheme -- if that entity fails, there is no guaranteed fund to recover client money from.
Beyond the headline spread and minimum deposit above. Where our research hasn't independently confirmed a specific detail, we say so rather than guess -- verify directly with the broker before relying on it.
| Account types | The EU entity (FXOpen EU Ltd) offers ECN-model accounts only, in Standard and "Pro" tiers, with a swap-free option, and a minimum deposit of $300/€300. Broader FXOpen group materials mention STP and crypto accounts, but these appear tied to other FXOpen group entities and weren't confirmed as available under the EU entity specifically. |
|---|---|
| Execution model | Confirmed ECN for the EU entity specifically -- direct access to a pooled interbank liquidity feed with no dealing desk, per FXOpen's own published business-model page. |
| Withdrawals & deposits | Minimum deposit $300, with no deposit fees; international wire-transfer fees are passed through to the client. Requests made before 12:00 GMT are processed the same business day. Bank-transfer withdrawals take 1-3 business days, card withdrawals 2-5 business days. |
| Overnight financing (swap) | Rollover is applied to positions still open at 23:59:30 platform time (processed between 23:59:00 and 00:05:00); no swap applies if a position is closed the same day. On the Islamic account, no swap is charged, but a fixed commission sized to match the swap amount is charged instead on overnight positions. |
| Currency conversion cost | FXOpen states it passes on bank/wire-transfer currency-conversion charges for international transfers, but no specific percentage was found in this research pass. |
| Inactivity fee | An account is deemed dormant after 90 days with no trading activity (deposits/withdrawals don't reset this), after which a $10/month fee (or the remaining balance if smaller) is deducted until the balance reaches zero. A separate $50 reactivation fee after 90 days' inactivity was referenced in one user complaint thread but is lower-confidence and should be checked against FXOpen's current entity-specific terms before relying on it. |
| Customer service | Trustpilot ratings differ by regional listing -- around 3.7/5 globally (roughly 450 reviews) versus 2.8/5 on a Hong Kong-entity-specific listing. Email support is praised as efficient; live chat is criticized in some reviews as uninformed or giving outdated information, and a recurring complaint theme is deposits not being credited without clear explanation. |
| Mobile experience | No numeric App Store or Google Play rating was found in this research pass. |
| Educational offering | One independent review site gives it a Trust Score of 76 and an overall rating of 6.9/10, with a below-average 5.5/10 research score; independent reviewers describe its educational materials as limited, lacking structured beginner/advanced video courses. Its proprietary TickTrader platform is well regarded for tools (1,200+ indicators, Level 2 pricing). |
See how FXOpen's spread cost compares across every researched broker → · Forex broker fees explained
Is FXOpen regulated?
Yes -- CySEC No. 194/13 + FCA No. 579202 + FSA Seychelles-licensed (licence number unconfirmed). See the regulation dossier on this page for the underlying licence numbers.
Is my money protected if FXOpen fails?
Via its FCA-regulated UK entity, eligible clients are covered by the UK's Financial Services Compensation Scheme (FSCS) up to £85,000 per person if the firm fails. Via its CySEC-regulated Cyprus entity, eligible clients are covered by Cyprus's Investor Compensation Fund (ICF) up to €20,000 per person if the firm fails. Via its Seychelles FSA-licensed entity, there is no statutory investor compensation scheme -- if that entity fails, there is no guaranteed fund to recover client money from.
What is the minimum deposit at FXOpen?
Our research confirms a minimum deposit of $300 / €300.
What trading platforms does FXOpen offer?
FXOpen offers MT4, MT5, TradingView, Proprietary (TickTrader).
What is FXOpen's average spread on EUR/USD?
Our research confirms an average EUR/USD spread of 1 pips. See our cost calculator to compare this across every broker we've reviewed.
When was FXOpen founded?
FXOpen was founded in 2003.
How is FXOpen's overall score calculated?
FXOpen currently scores 3.42/5 overall under our disclosed nine-category methodology -- regulation & client protection 30%, trading costs 20%, non-trading fees 10%, platforms & tools 10%, execution/trading conditions 10%, product range 5%, deposits/withdrawals 5%, transparency 5%, track record 5%. It is not a comparison to other brokers and not based on hands-on testing.
A dated log of when our own published data about this broker actually changed -- not a reconstructed history of what the broker itself did. See the full change log tool for every broker.
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