FXOpen

In 2003, FXOpen was founded and opened as an educational center in Cairo, Egypt. Their goal was to educate and prepare individuals and groups in technical analysis for stocks and forex. In early 2005, FXOpen opened its own dealing service and has since been at the forefront of the retail forex industry.

They are leading the industry with their innovative ideas. FXOpen was the first to realize that traders needed Micro accounts and were the first brokers to offer them. They also understood that the Islamic audience required a special type of Shari’a compliant accounts and again, were the first to offer them. FXOpen was also the first to introduce the MT4 ECN coupled with PAMM accounts. The PAMM service can combine multiple accounts into 1 account for convenient trading. 

FXOpen provides the same trading opportunities to individuals and private companies that have been traditionally only offered to larger financial institutes. FXOpen strives to offer the best trading conditions, training and financial services to traders all around the globe. They have a total active account sum of 189,501 and total active micro account of 132,848. Trading with a broker that began as an educational center ensures that they are receiving the best customer service and training available.

FXOpen AU, a company authorised and regulated by the Australian Securities & Investments Commission (ASIC).

FXOpen UK, a company authorised and regulated by the Financial Conduct Authority (FCA).

Trading conditions:

  • Trading accounts: ECN (Min. deposit $100), STP (Min. deposit $10), Crypto (Min. deposit $10), Micro (Min. deposit $1)
  • Low spreads from 0 pips 
  • Low commissions from $1.5 per lot
  • PAMM accounts with a $200 minimum deposit for PAMM Managers 
  • 80+ trading instruments (currencies, CFDs, Metals, Oil, Gas)
  • Leverage up to 1:500 
  • All types of trading strategies allowed 
  • Segregated bank accounts 
     
Min deposit: 
1.00$
Year of foundation: 
2003
Min trading size: 
0.00
PAMM: 
yes
MT4: 
yes
MT5: 
no
Regulation: 
yes
USA: 
no
UK: 
yes
Webmoney: 
yes
ASIC: 
yes
FCA: 
yes
CFTC: 
no
CySEC: 
no
Currenex: 
no
Debit Cards: 
yes
Credit Cards: 
yes
Neteller: 
yes
Checks: 
no
CFD: 
yes
ETF: 
no
Stocks: 
no
Gold: 
yes
Oil: 
yes
Max leverage: 
1:500
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