Review Market logoReviewMarket
Compare brokers
All brokers
Independent broker review

FXOpen

FXOpen — a forex & CFD broker founded in 2005, known as one of the pioneers of retail ECN accounts.

Last verified 2026-08-01
3.5/ 5 editorial scoreTrust 68 · Medium
Best for

ECN traders who understand the entity differences & want raw spreads

Not ideal for

Beginners who need full tier-1 regulator protection

Regulation & Safety
3.0
Fees & Deposit
4.0
Platform & Assets
3.5
User Support
3.5

Pros

  • One of the retail ECN pioneers with raw spreads
  • FCA/CySEC licenses for some entities
  • MT4/MT5 + TickTrader

Cons

  • Most clients via offshore entities
  • Smaller/niche brand
  • Leverage is high-risk

Feature summary

CategoryForex
Minimum depositVaries by account type — check the official site
Demo accountAvailable
PlatformMetaTrader 4, MetaTrader 5, TickTrader
InstrumentsForex, Index/commodity CFDs, Crypto
SupportLive chat, email & phone (market hours)
Regulation statusFounded 2005 — regulated by the FCA (UK), CySEC (Cyprus) for some entities, plus offshore entities. A retail ECN account pioneer.
Fee modelECN raw + commission; competitive
Estimated cost per lotECN raw + commission — not yet verified

Risk & regulation notes

Leveraged trading is high-risk. More importantly here: most retail clients are served by an offshore entity with far weaker investor protection than tier-1 regulators (FCA/ASIC/CySEC). Verify the entity that serves your country and understand the risks before depositing.

Primary sources

Product facts are summarized from the broker's official materials. A broker's own claims are not automatically treated as independent verification.

Update history

  • 2026-08-01

    Added to the directory as a review candidate; official documents not yet examined.

LoginSign Up