FXOpen Reviews 448

TrustScore 3.5 out of 5

3.7

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Rated 5 out of 5 stars

Hi , about now. My experience have large potencial. Fever not stoping, but all going it over by the floors. Together futures. Liquidity will welcome less wait. With my pretty friends wish you u... See more

Company replied

Rated 5 out of 5 stars

FX Open has been my favourite broker for many years. The staff are helpful and friendly. Good choice of deposit and withdrawal methods. I particularly like withdrawing via instant bank transfer as m... See more

Company replied

Rated 1 out of 5 stars

FXOpen cannot be trusted as a valuable trading platform. I have developed an Algo Bot Python project and I have opened a demo trading account with FXOpen. After a month of inactivity my account was... See more

Company replied

Rated 5 out of 5 stars

Choosing FXOpen was the best broker decision I ever made. Regulated by the FCA, my funds are safe in segregated accounts. Low spreads allow me to do scalp trades, high leverage and advanced ECN techno... See more

Company replied

Company details

  1. Investment Service
  2. Financial Institution

About FXOpen

Written by the company

Trade with an ECN Technology Broker, Authorised and Regulated by the FCA and CySEC

FXOpen gives traders direct access to ECN technology, with competitive, transparent trading conditions. Whether you use expert advisors (EAs), scalping strategies, or high-frequency trading, FXOpen is here to support your trading style. Furthermore, our commission rates are structured in tiers and are adjusted based on overall trading activity and account funding levels. Clients whose monthly trading volume exceeds 100 lots may be eligible for access to a VPS service, enabling the continuous operation of automated strategies, subject to applicable terms and conditions.

Key Features:
  • Spreads from 0.0 pips*
  • Competitive commissions tailored to trading volume
  • Fast execution, deep liquidity, and no requotes
  • Multiple platforms: MT4, MT5, TradingView, TickTrader
  • 700+ instruments: FX, indices, shares (including ETFs), commodities, and cryptocurrency CFDs**

*Additional fees may apply
** At FXOpen UK, Cryptocurrency trading via CFDs is only available to our Professional Сlients. They are not available for trading by Retail clients. To find out more information about how this may affect you, please get in touch with our team.

Apply for An Account

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com.

Written by the company


Contact info

3.7

Average

TrustScore 3.5 out of 5

448 reviews

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Replied to 100% of negative reviews

Typically replies within 48 hours

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Rated 3 out of 5 stars

Overnight charges

I dont like charges when i open overnight maybe you can charge if stay weekly not daily

April 18, 2024
FXOpen logo

Reply from FXOpen

Hello. Thank you for sharing your feedback with us. We understand your concern about overnight charges. According to our Customer Agreement (https://fxopen.com/en/policy/), all positions that remain open at 23:59:30 Trading Platform Time (Server Time) are subject to rollover. The swap is calculated and applied to the customer's account between 23:59:00 and 00:05:00 during this time period, determined at the Company's discretion.
If a trader closes a position within the same day, no swap charges will apply. However, if the position is held overnight and closed the next day or later, swap charges will be incurred.
For more detailed information about swap charges, we encourage you to visit our knowledge base: https://support.fxopen.com/portal/en/kb/articles/what-s-swap.
Thank you for your understanding and for choosing to trade with us.
Best regards,
FXOpen

Rated 5 out of 5 stars

Trustworthy and User-Friendly

Trustworthy and User-Friendly: FXOpen Excels

Rating: ⭐️⭐️⭐️⭐️⭐️
FXOpen stands out as an exceptional forex broker. Their transparent operations and user-friendly platform make trading effortless. With diverse trading instruments, prompt customer support, and competitive fees, FXOpen ensures a seamless trading experience. Whether you're a novice or seasoned trader, FXOpen proves to be a reliable partner in the forex market.

April 5, 2024
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Reply from FXOpen

Hi there! Thank you for your glowing review of FXOpen! We greatly appreciate your feedback and are thrilled to hear that you find our platform user-friendly and our operations transparent. We strive to make trading effortless for all our clients, offering a diverse range of trading instruments and ensuring prompt customer support. Your satisfaction and success in the forex market are our top priorities. Thank you for choosing FXOpen as your trading partner. We look forward to continuing to serve you with excellence. Best of luck with your trading!

Rated 5 out of 5 stars

I can say that it is one of the best…

I can say that it is one of the best companies I have ever worked with, as far as I can see, you may have transportation problems after working hours in the live chat section (if you live in a different country). Apart from that, prices commission rates are a very successful company in terms of depositing and withdrawing money.

April 1, 2024
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Reply from FXOpen

Hello. Thank you for your valuable feedback! We're delighted to hear that your experience with us ranks among the best. Your satisfaction is our priority, and we look forward to continuing to serve you with excellence. Thank you for choosing to work with us!
Best regards,
FXOpen

Rated 5 out of 5 stars

Excellent

Excellent. Always competent and helpful. No account "maintenance" fee, no arbitrary account lock. FXOpen is the one to choose.

March 16, 2024
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Reply from FXOpen

Hello. Thank you so much for your wonderful review! We're thrilled to hear that you've had an excellent experience with us and that our team has consistently provided competent and helpful support.

We truly appreciate your trust in us and your recommendation to others. If there's anything else we can do to enhance your experience further, please don't hesitate to let us know. We're here to support you every step of the way.

Thank you for choosing FXOpen. We look forward to continuing to serve you with excellence.

Rated 2 out of 5 stars

Not enough deposit options

Not enough deposit options with International version. What happened to the Credit/Debit Card options? Help Desk not very helpful

March 15, 2024
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Reply from FXOpen

Hello. Thank you for taking the time to share your feedback with us. We apologize for any inconvenience you've experienced regarding the deposit options available with our International version.
We understand the importance of having a variety of deposit options to cater to our customers' needs. Rest assured, we're actively working to expand our range of deposit methods.
Regarding your experience with our Help Desk, we're truly sorry to hear that they did not meet your expectations. We aim to provide prompt and effective support to all our customers, and we'll investigate this matter further to ensure that our service standards are upheld.
Your feedback is incredibly valuable to us as we continuously strive to improve our services. If there's anything specific you'd like to discuss or if you have any further suggestions, please feel free to reach out to us directly.

Best regards,
FXOpen

Rated 5 out of 5 stars

Best of best

March 15, 2024
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Reply from FXOpen

Hello! Thank you so much for taking the time to leave us a 5 star rating - it's much appreciated!

Rated 1 out of 5 stars

Fxopen will Frustrate Your Forex Trading Journey

Please, I don't recommend this fxopen to any trader.
I passed the No Deposit Bonus trading challenge and immediately they asked me for Gradt 2 Verification which I have already done even before claiming the $10.
For more than a month now I have submitted every necessary documents these guys keep rejecting my documents. And later on they sent a message that if I don't verify my account that it will be blocked.
Moreover, withdrawals are not processed on weekends.
Please guys run away feom these guys or else you may never access your funds for life.

March 12, 2024
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Reply from FXOpen

Hello, we are sorry to hear about your frustrating experience with us. We sincerely apologize for any inconvenience caused during your verification process and withdrawal requests.

Kindly be informed that as per our policy outlined in section 10.14 of the "Main Account Terms of Use," we reserve the right to carry out any necessary money laundering, terrorism financing, fraud or other illegal activity checks before authorising any withdrawal of Your funds. For these purposes we may request You to provide additional verification documents within the terms defined by us. The document is available in your client area and on the website. When opening an account, you agree with our policies.

Please know that your satisfaction and trust are paramount to us, and we're committed to resolving any outstanding issues promptly. If there's anything specific we can assist you with or if you have further concerns, please don't hesitate to reach out to us directly. We're here to help and ensure you have a positive trading experience.

Best regards,
FXOpen

Rated 5 out of 5 stars

Quality trading

Quality trading is something everyone needs.
The FXOpen company provides everything a trader needs with very high quality. All trading transactions are executed clearly and quickly. Free control of trading account settings provides excellent flexibility to the trading process.

April 15, 2023
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Reply from FXOpen

Hello. Thanks for taking the time to leave us a 5 star rating. We're delighted you're enjoying your experience with FXOpen - best of luck with your trading!

Rated 4 out of 5 stars

Service is fast and accurate

Service is fast and accurate. I closed the account based on commissions

March 12, 2024
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Reply from FXOpen

Thank you for taking the time to share your experience with us. We're delighted to hear that you found our service fast and accurate.

Regarding your feedback on commissions, we understand that this is an important aspect for our customers. We continually evaluate our fee structure to ensure it remains competitive and aligned with our customers' needs. If there's anything specific you'd like to discuss or provide further feedback on, please don't hesitate to reach out to us. We value your input and are committed to providing the best possible experience for our customers.

Thank you again for choosing us, and we hope to have the opportunity to serve you again in the future.

Rated 5 out of 5 stars

Reliable Fx Broker

Have been using FxOpen for almost 2 years. Very reliable broker. Haven't faced any hassles with withdrawal. Their support is also very good

March 12, 2024
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Reply from FXOpen

Hello. We are so grateful for your 5-star review. Thanks for sharing your rating with us and the community. Best of luck with your trading!

Rated 1 out of 5 stars

Criminal $60 withdrawal fee

They offered $15 in rewards to write a positive review in TradingView, I took the offer and decided to give them a try.
I deposited BTC and was charged a 0.0003 BTC deposit fee ($13 at current rates on top of the blockchain fee) when I complained and tried to withdraw they removed my second verification grade and retained my funds for almost a week asking for more documents to regain the 2nd verification grade.
When my withdrawal was finally approved I was charged $60! (0.001 BTC) that's thievery, if you check the blockchain transaction ID, it costed them $2, so they overcharged 30X the fee 😡
They simply ignored the ticket ID 138651 and pocketed $71 for doing nothing

February 26, 2024
Unprompted review
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Reply from FXOpen

Hello! Thanks for taking the time to leave a review, we are sorry your experience didn't match your expectations on this occasion. The promotion you mentioned was run in conjunction with TradingView and was offered to write a review, positive or negative, all reviews were published.

Regarding your verification grade, this is a standard procedure, and according to our rules and requirements, updated documents are necessary to ensure secure transactions. Since you were originally verified back in 2015, updated documents were requested.

Finally, all commission charges are displayed on the screen in the Client Portal when you are making a deposit or withdrawal. The commission charges, where applicable, are fixed for any amount and are the same for all clients. It’s important to note that within the companies operating under the FXOpen brand, each entity has its own set of deposit and withdrawal methods, with many of them being commission-free.

Sincerely,
FXOpen

Rated 3 out of 5 stars

$10 withdrawal fee is too outrageous.

So far I've had a wonderful trading experience with fxopen, especially with the tick trader and low spread. Commission is ok, but $10 withdrawwal fee is just too outrageous...I shouldnt pay for commission, swap, and then pay $10 to withdraw my funds.

February 19, 2024
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Reply from FXOpen

Hello. We appreciate your review and your time. Kindly be informed that you can access comprehensive details regarding deposit and withdrawal fees on our website: https://fxopen.com/en/funding/. Notably, withdrawal fees for FXOpen INT entity commence from 0.5%.
For further assistance, contact our customer support team directly.

Sincerely,
FXOpen

Rated 1 out of 5 stars

Ptroblem for KYC verification 2

I was an exisiting client and already mafe a several withdrawal and has been verified 2.
When I make a withdrawal this time, my account was degraded to verifed 1. Meaning, I have to do the KYC process again.
I had submitted my KYC and the ID and photos was accepted and the selfie was rejected because of quality. When I make a request again, the KYC has to repeat agan and all was rejected despite of the previous ID and was accepted.Several repeatition of KYC and was rejected.

It seems that they are holding my withdrawal.
Fortunately I did not make a large deposit otherwise I cannot withdraw my money.

Not recommended FX trading broker and avoid opening an account on tnis broker.

February 16, 2024
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Reply from FXOpen

Dear Franz,

Thank you for bringing this matter to our attention, and we sincerely apologize for the inconvenience you have experienced with our KYC verification process.

We understand the frustration caused by the repeated KYC submissions and the delay in processing your withdrawal. Rest assured, we take such issues seriously, and we are actively investigating what went wrong in your case.

Upon reviewing your verification details, it appears that your Grade 2 verification was rejected due to the address mismatch issue. Please refer to the list of accepted documents for Grade 2 verification here: https://support.fxopen.com/portal/en/kb/articles/verification-procedure-28-7-2021#Grade_2_Account_verification

It's important to note that this is a standard procedure, and according to our rules and requirements, updated documents are necessary to prevent fraud and ensure secure transactions. Since you were verified some time ago, updated documents were requested.

Rest assured, we're working to resolve this promptly. Your funds are safe, and we're committed to assisting you through this process.

For further assistance, contact our customer support team directly.

Sincerely,
FXOpen

Rated 5 out of 5 stars

I trade with them more than 10 years…

I trade with them more than 10 years already. Still did’t lost all my first deposit. That’s all you have to know.

February 16, 2024
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Reply from FXOpen

Hello, thank you for taking out time to rate us and for your loyalty and trust over the past 10 years! It really helps us to keep going and delivering the best.

Kind regards,
FXOpen

Rated 5 out of 5 stars

100% reliable and trustworthy company

I have been using FXOpen for many years now. All trades are executed with very little spread (compared to most other brokers) and in over 2,000 trades not one has had any type of issue. Also withdrawals are completed very quickly. I highly recommend FXOpen.

February 14, 2024
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Reply from FXOpen

Thank you for your continued trust and recommendation! We're delighted to provide a reliable and seamless trading experience for you. We wish you many more successful trades.

Rated 4 out of 5 stars

as of now great

February 14, 2024
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Reply from FXOpen

Thank you for your positive feedback! We are delighted to hear that you are having a great experience with us.

Kind regards,
FXOpen

Rated 5 out of 5 stars
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Reply from FXOpen

Thank you for your 5-star review! We are thrilled to hear that you find our trading platform the best. We appreciate your trust and look forward to continuing to provide an outstanding trading experience. Looking forward to serving you further!

Best regards,
FXOpen

Rated 5 out of 5 stars

I had this account open before four…

I had this account open before four years , but didnt use will recent , I left some small money on account , that is been wating for me till now

February 12, 2024
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Reply from FXOpen

Thank you for your feedback! We are glad to have kept your account active and your funds secure. If you need any assistance, feel free to reach out anytime. Good luck with your trading!

Best regards,
FXOpen

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