FXOpen Markets Limited
FXOpen is one of the largest Forex brokers in the world enjoying unprecedented client base growth due to innovative, unique services, reliable trading conditions, and strong customer support principles.
FXOpen offers different types of accounts for traders with different trading styles, objectives, starting capital, experience and skills:
- ECN accounts
- STP accounts
- PAMM accounts (PAMM ECN and PAMM STP)
- Micro accounts
- Crypto accounts (to trade Bitcoin, Litecoin, and Namecoin)
FXOpen offers an ECN-integrated MT4 trading platform, compatible with algorithmic trading.
FXOpen keeps to a no dealing desk (NDD) business model using liquidity of major banks, hedge funds, and other financial organizations. The company’s customers are allowed trading directly in the interbank market (also referred to as direct market access or DMA). NDD model enables leverage speculations and sets no restriction on application of trading strategies.
The company supports e-Sports and helps to organize and promote the FXOpen Path of Ascension and similar e-Sports championships. FXOpen has its own StarCraft II professional team. FXOpen sponsored the StarCraft II championship winning team in the 1st Hong Kong e-Sports Tournament.
The company is a sponsor of motorsports activities, in particular, drifting.
The company organizes and promotes regional Forex championships in the framework of the ForexCup project. The Championships were held in China, Russia, and Ukraine.
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FXOpen Markets Limited
Overall
after 10 years of trading, after testing many brokers, FXOpen ECN surprise me. when I active a demo account, usually all goes well, otherwise they will not convince you to open an account. FXOpen is honest: after 1 hour of use demo account I've seen things never seen in 10 years but they convince you immediately that they are scam . they are not brokers . FXOpen "broker" the worst ever seen in 10 years.
Just one example of hallucinatory things happened in 1 hour test:
http://screendash.com/15135
no spikes or other things .I try to close that position for several minutes but they don't want (why ????? it's a demo)
themselves have decided to close it at open price ... LOL 😁
ops they forgot stopps loss but this isn't a problem 😂
😁😁
Overall
I use std. acc. fxopen . Pray this time I meet good broker. Till now all work good so far. Long time in the market catch a eye. Not everything is perfect but is not perfect at all at fx brokers. 8 of 10
Overall
HELLO TO SCARFACE,
YEAH, PLEASE SUBMIT ANY SCAM INFO YOU HAVE ON FXOPEN..HERE, NO PROBLEM WHATSOEVER, WITHDRAW IS FAST..
Overall
Are you sure you can trade 0.001 ..? 😱
My account only can trade 0.10 ( minimum lots ) ... 😐
Becarefful they just change my leverage from 1:500 to 1:100 without email notification, i don't know if you have that kind of experience 😈
Overall
fxopen have official office in jakarta grand-indonesia building..
that means many indonesian trader there.. i hope fxopen dont make a scandal.. 🙄
Overall
http://www.myfxbook.com/members/pipinvestment1/fxopen/45399
Customer service is unprofessional and does not answer your questions clearly.
Requotes on STD Accounts.
Commission is not competitive on ECN account.
Server failed in the past during News and market open.
Withdraws delayed and they did not contact me regarding the issue.
However, I do like their Trader's Cabinet-Website-User Friendly.
If you are going to open an ECN account with $1000, Fxopen can not compete with Dukascopy. I do not see any reason to use this broker when there are far better brokers that are regulated and have a license to operate.
Overall
I have a live ECN-Account with FX-Open since 2 Months.
Disadvantages:
- comissions are bit high (1pip), but is ok (higher than Dukas)
- I had a stuck during News-Release for 20sec, which scared me but ok other brokers has problems too
- sometimes in the rollover time their Banks widen the EUR/USD spreads (4+ Pips) .. Broker like ATC had 0.8 Pips spread at the same time.
Advantages:
- Low minimum deposit for ECN ($1000)
- same bank-feed as dukascopy but you can use Metatrader
- very fast and good support, they compensated me some money I lost because the StopLoss was delayed once some minutes within 2 days.
- very fast execution times, less slippage, good liquidity (I traded 10 full size lots at once without problems)
In all I can recomment this broker, even for scalpers. Very nice company so far.
Overall
I have issues with FXOpen that is not addressed by the customer service team about the margins a $25 deposited on a micro (cent account) gives a $2500 equity to trade on whereas a $25 deposited on a standard account shows as $25 equity to trade with which is obviously not enough and one gets easily wiped out.
Further a balance of 28737.05 on the micro account statements is actually $287.37 in real?
I have not been able to get through to them on live chats either as it does not work and no one to answer the phone even if someone did there is a standard answer please send us an email or contact through live chat and when an email is sent they respond with a link to check on just making someone go around in circles.
I am not able to make sense of the margin part is there some one here who can clarify this
Overall
FXOpen and Basel Financial banned by the Mauritius Financial Service
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=40fb17f6-1361-4a67-b866-2aa765db2293
Overall
I have not had any issues using a EA on with this broker. Withdraws have been done in a timely manner. Over all I am satisfied with this broker. Customer service is about average with other brokers I have used. Live support was helpful for the one issue I had. Problem was solved in less then 24 hours.
What questions do you have about the PAMM accounts. The only one I tried failed but that was due to the trader and not the brokerage house. From my understanding (talking with those who use the PAMM feature) withdraws are pretty straight forward, you just need to have them placed before the deadline. I believe the deadline is set by the trader, but I am not positive.
Overall
Seeing how it's been this long and you have not backed up your claim with any real facts, I'm going to guess that you are a typical trader and lost your money and would have lost your money regardless of the broker...
Any other comments on this broker, I have opened an account and will be funding at the end of the month. I do like the fact that they offer a true ECN account and I hope that this will be the start of ECN availability of Forex as it can only help to make the marketplace a more fair marketplace.
Overall
Can anyone comment on the PAMM service offered by this broker?
Overall
Hello Scarface,
Tell me the scam story of FXopen , they manipulate the platform data or they did not pay when you win a lot of money ?
Your own experience or hear from your friends ?
Overall
Hi,
what's up??
well, if you want to know my opinion about this broker, you need to be far away from the screen a little because I would say it is ... SCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCAM.😁
You need to be very careful. They will get you anyways and ripe you off. At last, you have no money and would regret the day you knew them.
Best of luck.
Scarface
Overall
FXOpen broker is also one of the best Forex broker because of their fixed spread, instant deposit by Liberty Reserve and fast withdrawal. I have never seen instant deposit before. I hope, FXOpen provides excellent service forever, all the best. 😄
Overall
These guys are the best and have features that other brokers offer at higher requirements. Their spreads are fixed on the retail platform and they dont play against their clients. The leverage is also excellent 1:500.
Overall
They sure know how to make a beautiful website...lol
Overall
😁
Overall
The worst broker i have ever experienced in my life.spreads are normal not a big thing to talk.on news entering a trade is like hell.reqoute reqoute reqoute.it is a big shit for me.trade execution is as slow as any other broker on whole net.support is very low.they reply very late.and that live support never worked for me since months.
Overall
Very nice broker.Easy withdrawal/Deposits within hours (not days).But my lack trading ability makes every brokers looks bad.So it's not about the broker(s),but my ability...:D
