What is FXOpen?
FXOpen is a forex and CFD broker based in New Zealand, listed with a foundation year of 2005. It offers leverage up to 1:500, spreads from 0.0 pips and a minimum deposit of $1. Clients trade on MetaTrader 4 (MT4) and on mobile.
Is FXOpen safe and regulated?
FXOpen is regulated by ASIC - AFSL 412871, FCA - 579202. This is a tier-1 regulator with strict capital rules, segregated client funds and, in many cases, an investor compensation scheme.
Safety checklist before you deposit
- Find the licence number on the broker's website and check it on the regulator's official register.
- Check that client funds are held in segregated bank accounts.
- Make a small first deposit and test a withdrawal before you add more.
- Confirm negative balance protection applies to your account type.
FXOpen account types
The broker offers several account options so beginners and experienced traders can choose the right fit. Accounts open from a $1 minimum deposit.
| Account | Best for | Available |
|---|---|---|
| Mini account | Beginners trading small lot sizes | Yes |
| VIP account | High-volume traders wanting raw spreads | Yes |
| Islamic (swap-free) | Traders who need no overnight interest | Yes |
| Managed account | Investors who prefer a money manager | Yes |
Trading platform and conditions
FXOpen provides MetaTrader 4 (MT4), so you can trade from any browser without installing software. Mobile trading is supported as well.
- Scalping and hedging are permitted, which suits short-term and EA-style strategies.
- News trading is allowed during high-impact economic releases.
- Spreads from 0.0 pips are available on raw pricing, with a commission per lot.
- Leverage up to 1:500 gives large position sizes from a small deposit, which also raises the risk of fast losses.
Deposits and withdrawals
FXOpen supports 21 funding methods, including Bank Wire Transfer, Netbanx, Local Bank Transfers, China Union Pay, Credit/Debit Cards, WebMoney and more. Accounts can be held in 2 base currencies (GBP, EUR or More), which helps you avoid conversion fees.
FXOpen bonus: Yes
How the promotion works
The current FXOpen promotion is Yes. Entry rules, dates and eligible countries are set by the broker. Read the full terms on the FXOpen website before you trade for it.
Check the promotionLooking for free trading credit instead? Compare the latest forex no deposit bonus offers and forex deposit bonuses.
FXOpen pros and cons
Pros
- High leverage up to 1:500
- Raw spreads from 0.0 pips
- Scalping and hedging allowed
- News trading allowed
- Islamic, VIP, Mini and managed accounts
- 21 deposit methods including crypto
Cons
- Bonus and promotion terms vary by country
How to open a FXOpen account
- RegisterVisit the FXOpen website and sign up with your name, email and phone number.
- Verify your identityUpload a passport or national ID and a recent proof of address (KYC).
- Choose an accountPick Islamic, VIP, Mini, managed or a standard account, and your base currency.
- Fund the accountDeposit at least $1 with Bank Wire Transfer, Netbanx, Local Bank Transfers or another method.
- Start tradingLog in to MetaTrader 4 (MT4) or the mobile app and set your risk per trade.
Is FXOpen a good broker? Our verdict
FXOpen suits active traders who want high leverage, raw spreads, freedom to scalp or trade the news, plus a wide choice of payment methods. Its tier-1 regulation adds a strong layer of client protection. Start small, test a withdrawal, and only trade money you can afford to lose.