Home/ Best Forex Brokers in Australia for 2023/ FX Open

FX Open Broker Review

Author By Jeffrey Cammack
Updated: February 23, 2023
Overall Rating
3.07 3.07 / 5
🏦  Min. DepositUSD 5
🛡️  Regulated ByFCA
💵  Trading Cost 
USD 16
⚖️  Max. Leverage500:1
💹  Copy Trading
🖥️  PlatformsMT4, MT5
💱  Instruments 
Forex, Metals, Stock CFDs, Cryptocurrencies, Commodities, Indices
AlertTradeForexSA does NOT recommend FXOpen due to insufficient regulation.We suggest you continue your search using our approved brokers list.
Last updated on February 23, 2023
by Editorial Director Jeffrey Cammack
Jeffrey Cammack

75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. We may receive compensation when you click on links to products we review. Please read our advertising disclosure. By using this website you agree to our Terms of Service.

Our verdict on FX Open

🏦  Min. DepositUSD 5
🛡️  Regulated ByFCA
💵  Trading Cost 
USD 16
⚖️  Max. Leverage500:1
💹  Copy Trading
🖥️  PlatformsMT4, MT5
💱  Instruments 
Forex, Metals, Stock CFDs, Cryptocurrencies, Commodities, Indices

Overall Summary

Regulation
100001/ 5
Trading Conditions
111003/ 5
Trading Platforms
11110.54.5/ 5
Deposit & Withdrawal
111104/ 5
Education & Research
110002/ 5
Assets Available
111104/ 5
Customer Service
111104/ 5
Beginner Friendly
Standard
Welcome Bonus

Deposit & Withdrawal Methods

Visa
Mastercard
Unionpay
Neteller
Skrill
PerfectMoney
Fasapay

Supported Platforms for FX Open

Best MT4 Forex Brokers
Best MT5 Forex Brokers [fx_date format=

Account Information

Base Currencies
USD, AUD, CHF, EUR, GBP, JPY, RUB, SGD
Number of FX Pairs
50
Crypto Pairs
40
Copy Trading
Hedging Allowed
Scalping Allowed
Islamic Account

Trading Conditions

Account Name
Trading Desk
ECN/DMA
Market Maker
Commission
10 USD / lot - ECN Accounts
EUR/USD
0.30 pips
GBP/USD
0.90 pips
USD/JPY
0.90 pips
Negative Balance Protection

Company Details

Company Name
FXOpen Markets Limited
Founded
2003
Website
Website Language
English
Support Language
English
Office Locations
United Kingdom, Australia, Cyprus, St Kitts

Deposit & Withdrawal Methods

Visa
Mastercard
Unionpay
Neteller
Skrill
PerfectMoney
Fasapay

Supported Platforms for FX Open

Best MT4 Forex Brokers
Best MT5 Forex Brokers [fx_date format=

Pros

  • #N/A

Cons

  • #N/A
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AlertTradeForexSA does NOT recommend FXOpen due to insufficient regulation.We suggest you continue your search using our approved brokers list.
Find An Approved Broker
Overall Rating
3.07 3.07  / 5
Site Icon Data provided by FX Australia

FX Open Financial Regulation

Regulator License
Regulator License
United Kingdom FCA

FX Open Trading Cost Comparison

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