FBRForex Broker Rating
FX

FXOpen Review

Updated regularly · Independent ratings

Overall 3.8
Overall Rating
3.8 / 5
Fees
4.3 / 5
Safety
4.5 / 5
Platforms
4.5 / 5
Education
2.0 / 5
Min. deposit
$100
ForexCFDsPlatforms: TickTrader Web Platform, TickTrader Mobile App, TradingView, MetaTrader 4, MetaTrader 5Regulators: FCA (United Kingdom), ASIC (Australia), CySEC (Cyprus)

Pros & Cons

Pros

  • Strong regulatory oversight
  • Fast and easy account opening
  • Demo account for practising
  • Fast and secure payment methods
  • Multiple account currency options
  • Low forex trading fee
  • Low-cost ECN pricing
  • Spreads from 0.0 pips on ECN accounts
  • User-friendly mobile and web platforms
  • Supports TradingView, MT4, and MT5
  • No restrictions on trading strategies
  • Integrated PAMM trading feature
  • EA trading available

Cons

  • Narrow product offering
  • Limited eductional resources
  • Basic research tools
  • No integrated social and copy trading feature
  • An inactivity fee of $10 if account is inactive for 90 days
  • Customer support is not available 24/7
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