FXOpen Forex Broker Review
Triple-regulated ECN specialist (FCA, CySEC, ASIC) and early cTrader adopter with one of the lowest commission structures in retail ECN - $1.5 per side per lot - making it highly cost-effective for active traders.
Also reviewed as:
How FXOpen ranks
Trust & Regulation
#12of 55
Fees & Spreads
#2of 55
Platforms & Tools
#11of 55
Customer Support
#26of 55
Min Deposit
$100
Spreads From
0 pips
Max Leverage
500:1
Founded
2003
HQ
London, United Kingdom
Last Reviewed
May 3, 2026
FXOpen Pros
- FCA, CySEC, and ASIC triple regulation
- $3 round-turn ECN commission - one of the lowest in retail forex
- Early cTrader adopter with mature integration
- MT4, MT5, and cTrader all available
- Client funds held in segregated accounts
- Negative balance protection
- Investor compensation scheme coverage
- Raw spread account available
- No deposit fees
- No inactivity fee
- MetaTrader 4 and MetaTrader 5 supported
- Mobile trading app available
- Advanced charting tools included
- Transparent pricing with clear cost disclosure
- 24/5 live chat support
- Multilingual customer support
FXOpen Cons
- $100 minimum deposit on ECN accounts
- Less brand recognition than larger competitors
- Customer support coverage narrower than global tier-1 brokers
- No proprietary platform
- No phone support
FXOpen Forex Broker Review
FXOpen's ECN heritage
FXOpen was one of the first retail brokers to build its execution model explicitly around ECN/STP architecture, and one of the earliest adopters of cTrader when the platform launched. The broker has maintained that ECN-first positioning for over 20 years, which means the infrastructure is mature and optimised for low-latency routing rather than built as a marketing overlay on a market-making engine.
Commission structure - genuinely competitive
FXOpen's ECN account charges $1.5 per side per lot ($3 round-turn) - significantly below the $3.50 per side ($7 round-turn) of IC Markets and Pepperstone. For scalpers and high-volume traders, this differential compounds meaningfully across monthly volume. Raw spreads start from 0.0 pips. STP accounts are also available from 0.8 pips with no commission.
Platform and instruments
cTrader, MT4, and MT5 are all available. FXOpen was an early cTrader launch partner, which means the integration depth and stability is high. Crypto trading at institutional-grade spreads is available on a dedicated TickTrader platform for cryptocurrency pairs.
Triple regulation
FCA (UK), CySEC (Cyprus/EU), and ASIC (Australia) regulation covers three major client geographies. UK clients get FSCS protection. EU clients get ICF compensation. Australian clients get ASIC Tier 1 protections. Few brokers at this size carry this three-way regulatory stack.
FXOpen Score Breakdown
4.2/ 54/440% of total score+0.3 above average#12 of 55
4.5/ 5- Top-tier regulator (FCA, ASIC, CFTC, etc.)
- Segregated client funds
- Negative balance protection
- Compensation scheme (e.g. FSCS)
4/430% of total score+0.6 above average#2 of 55
4.8/ 5- Raw/ECN spreads available
- No deposit fee
- No inactivity fee
- Transparent pricing page
3/420% of total score+0.2 above average#11 of 55
4.4/ 5- MT4/MT5 available
- Proprietary platform
- Mobile app
- Advanced charting tools
2/310% of total score−0.1 below average#26 of 55
4.0/ 5- 24/5 live chat
- Phone support
- Multilingual support
Last reviewed: May 3, 2026
FXOpen Active Forex Bonuses
2Volume RebateFeatured
Volume-tiered rebates on top of $3/lot ECN commission
FXOpen Active Trader Commission Rebate
FXOpen's ECN commission of $3 round-turn is already among the lowest in retail forex - active traders reaching volume tiers access further per-lot rebates.
Min. deposit: $100
Referral
Cash reward for referrer and new client
FXOpen Refer a Friend
FXOpen rewards existing clients who refer new traders with a cash bonus once the new account is verified, funded, and starts trading.
Min. deposit: $100
Researching your options? Browse our full list of the best forex brokers to compare scores, spreads, and regulation side by side.
FXOpen Regulatory Licences
Verified regulation is a key factor in identifying a reliable choice for forex traders.
FXOpen Forex Trading Platforms
Compare the leading forex trading platforms supported by FXOpen.
FXOpen Markets & Instruments
Forex
Commodities
Indices
Crypto
Stocks CFDs
Countries Where FXOpen Is Available
Brazil
Chile
Cyprus
Czech Republic
Denmark
Egypt
Spain
France
Greece
Nigeria
Netherlands
Norway
United Kingdom
Australia
Germany
Singapore
South Africa
United Arab Emirates
Argentina
Austria
Belgium
Bulgaria
Bahrain
Hong Kong
Oman
Hungary
Indonesia
Malta
Malaysia
New Zealand
Ireland
India
Italy
Kenya
Kuwait
Morocco
Philippines
Poland
Portugal
Qatar
Mexico
Romania
Saudi Arabia
Sweden
Thailand
Turkey
Ukraine
VietnamReady to trade with FXOpen?
Open your account and start trading today.
Frequently Asked Questions About FXOpen Forex Trading
FXOpen is regulated by top-tier authorities including FCA, CYSEC, ASIC. Client funds are held in segregated accounts at tier-1 banks, separate from company funds. Negative balance protection ensures clients cannot lose more than their deposited capital. Eligible clients may be covered by an investor compensation scheme such as the FSCS (UK) or ICF (EU) within published limits. Always verify the licence on the regulator's public register before depositing.
FXOpen's minimum deposit is $100. Deposits are accepted free of charge via bank transfer, card, and selected e-wallets.
FXOpen supports MetaTrader 4 (MT4), MetaTrader 5 (MT5) and cTrader. A mobile trading app is available for iOS and Android. Advanced charting tools are included.
FXOpen customer support is available via live chat during trading hours (24 hours a day, Monday to Friday). Support is provided in multiple languages.
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