FXOpenvs
TPFxForex Broker Comparison
Two brokers clash over regulation depth, cost structures, and platform options, stirring a debate between global rules and domestic access.
Our Verdict
FXOpen winsby 0.5 pts
FXOpen tops the editorial score and holds FCA, CySEC and ASIC; TPFx trails with Indonesian regulators.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1FXOpen holds FCA, CySEC and ASIC licenses; TPFx only BAPPEBTI and OJK.
- 2FXOpen offers 700 instruments versus TPFx's 50.
- 3FXOpen provides MT4, MT5 and cTrader; TPFx offers MT5 and a proprietary platform.
Verdict by Trader Profile
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Best for low cost trading
Recommended
FXOpen offers tighter spreads from 0.00 pips vs 1.50 pips for TPFx, reducing trading costs.
Best for safety & regulation
Recommended
FXOpen vs TPFx: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.2/ 5 | 3.7/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.5 / 5▲ | 3.7 / 5 |
FXOpen vs TPFx Forex Broker Pros & Cons
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
FXOpen vs TPFx: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
5
FXOpen
criteria wins
2
TPFx
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | FXOpen | TPFx |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Fail |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Fail |
| Compensation scheme (e.g. FSCS) | Pass | Fail |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Fail | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Fail |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Fail | Pass |
| Multilingual support | Pass | Fail |
FXOpen vs TPFx: Frequently Asked Questions
FXOpen rates 4.2/5 versus 3.7/5 for TPFx. FXOpen edges ahead on our composite score, though both brokers meet a reasonable standard for most traders.
FXOpen starts from 0 pips, tighter than TPFx's 1.5 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
TPFx has $60, while FXOpen requires at least $100. This makes TPFx more accessible for traders with limited starting capital.
FXOpen holds top-tier regulation (FCA, ASIC, CySEC), providing stronger investor protections. TPFx may be regulated but does not hold top-tier status in our data. Verify regulatory status on each regulator's public register before depositing funds.
For beginners, two factors stand out: TPFx requires a lower minimum deposit ($60), lowering the barrier to entry, and FXOpen provides negative balance protection, capping losses at your deposit amount. Also compare demo account availability and educational resources before deciding.
FXOpen lists maximum leverage of 500:1, while TPFx lists up to 100:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
FXOpen charges $3 per lot on commission-based accounts. Commission details for TPFx are not currently available. Check their website for up-to-date pricing.
FXOpen supports cTrader, MetaTrader 5, MetaTrader 4, while TPFx supports MetaTrader 5, Proprietary Web/Mobile. Both provide MetaTrader 5. FXOpen has exclusive access to cTrader and MetaTrader 4. TPFx has exclusive access to Proprietary Web/Mobile.
