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FXOpen reviews
Average: 3.4 based on 30 reviews
FXOpen
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- Website: www.fxopen.com
- Year since: 2005
- Headquarters: Republic of Panama
- Company registration: FXOpen Investments Inc., Delaware, United States;
FXOpen Investments Pty Ltd, Sydney Australia.
- Regulation: ASIC Australia (ACN 143 678 719, ABN 61 143 678 719)
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Traded with FXOpen?
Were you satisfied with the quality of FXOpen broker services?
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REVIEWS & RATINGS




Poland, Peter
October 24, 20112 years Total
1 year with this Broker
Nice Broker for me. I had a good experience with them - got some profit and withdrawn it without any problems. Never had any problems with prices or charts. A little bit better work of support team is preferable. For newbies they have demo accounts that are good, but it is better to try micro account (only 1 USD as I remember), because it is bettter to learn from accounts with your real money. Thanks for your work guys, you are really great!
Mohd Ashraf
August 11, 20115 years Total
3 years with this Broker
I've been with fxopen for about 3 years. I'm using the ECN account at the moment and I can say it is quite excellent. I will never go back to a normal account. I do get small slippage (less than one pip) sometimes but today I was surprised to be slipped 17 pips IN MY FAVOR on NZD/CAD from a limit order! They are as advertised with very low spread on ecn and very fast execution.
If you know what you are doing with your trading, fxopen is a good choice.
Spain, forexlover
August 10, 20116 years Total
1 year with this Broker
I must admit that I have had all kind of suspicions about this broker, specially for its lack of registration in any country.
But, so far, my relations have been uneventful, I have done many deposits and withdraws, without any problem, and no trading problems either, but that could be due to my trading style, no scalping so less prone to requotes or the like.
Regards.
India, Cafedeart
August 6, 20113 years Total
2 years Demo , 1 year live with this Broker
No one is good in forex industry, no broker, no dealer, no bank, no one.
But it also true a huge numbers of people are engaged in trading forex. They Hate forex for unpredictable losses, they hate Brokers for bucketshoping or non paying issues, even some moments may be They hate themselves by asking "why forex! and why am here!"
If you know to trade forex then you can find some good broker atleast a good broker within your reach, but if you are not fully adjusted with trading forex with it's styles then no one can help you from losses.
Regulated brokers, Valid paying Brokers, Big Brokers, Small Brokers all are same.
They are here to do business, And it's simple if i loss money my broker will win that, so be aware from this point, try to shorter your losses and keep profit making on while trading forex, and when you know that then don't cry or beg infront of your brokers, just ask to pay if you asked for payment if not yet received then just kick them Go to elsewhere, open your a/c and do trade where you feel more comfortable about payment receiving issue.
Personal Experience : at first I was convinced that Fxopen is scam, but soon i changed my mind when i got my first asked payment exact in time with good support. And Till then still today they are really the best for me.
I started my fx trading career very firstly with FxOpen and still now to me they are GREAT by all means, (no matter they are regulated or not), And Mr Jafar C. is the guy with actual feelings who - always ready to help people like me who do small trading, they never distinguish high volume trader vs low volume traders, To Fxopen Micro trader of 1 buck a/c balance gets equal privilege of support who thares in ECN.
So according to my review FxOpen is the best.
I also write in a forum named pipcity.forumotion.in if any indian or other nations people need free help in forex career he/she may meet me there. Just enroll there and post your question i will answer as soon as i be online.
Thanks alot.
Enjoy Forex.
UK-John Doe
April 29, 20112 years Total
9 month live with this Broker
PLEASE SAVE OURSELF THE TIME & MONEY; THIS IS BY FAR THE WORST FX BROKER AROUND AND I HAVE TRIED MANY BROKERS BUT NONE COMPARE TO THIS. LOOK AROUND FOUND FAR BETTER BROKERAGE SERVICES WITH SMALLER SPREADS,BETTER SERVICE, POLITE STAFF,FAST WITHDRAWALS AND ALSO EXTRRMLY HIGH FEES FOR LONG TRADES.
PLEASE FOR YOUR OWN GOOD ; DO NOT USE THEM!
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They stole $500 because I enter my name wrong on there acc and refuses to give it back!!!
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Couldnt agree more with blueice
FXOPEN= FXSCAM - !"STAY AWAY"!
RahmanSL - Malaysia
April 14, 2011around 1.4 years Total
around 4 months Live 1+year on Demo with this Broker
Why do I get the feeling that the one posting under "Jame B" below is actually the broker salesman from ForInvest going by many aliases, starting with Mark Zwahlen (IT Manager of ForInvest), Swiss Advisor, KingSO, sam bullock, Christiano Lancilotto, Samer Sweiss, Kali Cahen, Kieran Mitt, Voucheir M, Forex-Adviser, Hann Doreid, and he-alone-knows what other names..and now posting under the name “James B” below.
My "old friend" has been accusing me of being a "well known IB for some broker", and to this day never ever name that broker.
So, is my "old friend" saying that I am an IB for FxOpen??
Sorry "my old friend" I am not an IB for FxOpen or any other broker.
Ok, as for my review of FxOpen, my previous reviews still stands....and still minus the fifth star.
Savvas
April 6, 20113 Years Total
1 Month Live with this Broker
STAY AWAY;
No telephone numbers,
No License,
CEO Message signed as Alex K; what are they a casino?
Manipulating liars; Bad service and freezing of the market; JOKE
STAY AWAY for your own PEACE and quiet.
I didnt listen to my mates stick with a licensed broeker for you own GOOD.
Jame B.
March 30, 20114 years Total
10 months with this Broker
FX-Scam is eager for your money till the last $1, their dirty manipulating
of prices against your positions till they stop-out your account.
I have many proven cases for this scam broker, with prices hit my Stop Loss order
40-50 points away from market, that never exist in market!
My recommendations, for all traders, especially the Newbies,
All traders, please note that some IBs for FX-SCAM, like the one posted below, are posting fake
comments to trap more and more traders, BE AWARE OF THEM!!!!
STAY AWAY OF THIS BROKER, THEY ARE DESPERATE FOR YOUR MONEY,
ANY FUNDS IN, WILL NEVER OUT!!.
RahmanSL, Malaysia
March 19, 20111 year 3 months Total
around 4 months Live, 1+year Demo with this Broker
My last post in January 2010 still stands.
I have left out that last star because I have not yet try out withdrawal speed.
All in all, I am pretty happy with FxOpen (even with their Server1 downtime problems last month, and now with some hackers at their site) and their customer service has been excellent...and yes, they are not regulated, but those well known BIG brokers who are regulated do turn out to be bad and even worse than none-regulated ones.
Would I recommend FxOpen to anyone, especially Newbies?? YES, and without any doubt nor reservation!
I just hope FxOpen is here to stay for real, and will continue to provide Traders with their excellent service.
Blue-ice
February 3, 20114 years Total
I have contacted you several with this Broker
I have contacted you several times regarding, with documents showing
how you manipulating prices to catch SL or SO up to 50 points away from market!!.
you try to cheat people in forums, that you do care for their cases;
but once contacting you for the issue, [...]!
I will keep following my case legally, as you have no licence [...],
even the very funny "Mauritius" Licence was revoked as the authorities
there knew [...].
[...] - language expressions deleted by moderators.
Malaysia, FXOpen
January 30, 2011Dear Blue-ice please provide order's number so I can check for you if there was any problem in order's execution. So far I can say that there are no such situation happened in real accounts.
regards
Blue-ice
January 20, 20114 years Total
8 months with this Broker
FXOpen-"FXScam"
they are Scam, a scam bucketshop, they have their own prices, which is different of market with 50-60 points, ofcourse against your position to hit your SL, or Stopout your account.
I keep watching my accounts, only "FXScam" prices jump 55 points to hit SL.
this scam ppl there are robbers, will scam any funds in your account,, dont trade with them, my deep advice!
UZB, Baha
December 4, 20102 years Total
1 year with this Broker
I have been trading with this broker almost for 1 year and I can say that this broker is more reliable and secure than many other brokers I have ever seen, because I've had 2 live accounts from different brokers(Exness and FXStart) in my first year and some(demo) with CMS and Teletrade. Comparing those with FXopen, I experienced and observed that the prices are true, because i always check them with the reliable broker Duckascopy and on CNBC TV and they fit. So as for the prices there won't be doubt. therefore i mark my first star.
The second star is for because with ecn account you can easily make scalping, so it is scalping friendly broker.
The third star is because during news release time they rarely freeze or another words, fundy traders can easily make money.
Problem is customer service stuff, I have never seen that clerks' treatment with clients during the chat, slow and seems not friendly.
Another problem their license is sustained and the location is in offshore zone.
Malaysia, FXOpen Manager
November 30, 2010Hello delac from Croatia,
Kindly send your info to me to manager@fxopen.com I would like to check your case.
Regards
Croatia, delac
November 9, 20104 years live Total
6 months live with this Broker
They cheeting on prices, I have proofs and send it to them but they say that was market price. I always have more then one live account and in every moment I'm able to compare price moving. It's normal that prices isn't same with different broker but if on Forex Metal in specific time price moving is a few pips, on FxOpen in same time price move more then 50 pips. Right in one pip to take my SL. Not one time, many times. From then I'm trading withouth SL with all brokers
Scammers and cheeters.