fxopen.com FAQ

What is fxopen.com?

Fxopen.com is an online brokerage platform established in 2005, offering trading services for various financial instruments primarily through Contracts for Difference (CFDs) and Forex, utilizing platforms like MetaTrader 4, MetaTrader 5, TickTrader, and TradingView.

Is fxopen.com regulated?

Fxopen.com states that “FXOpen Markets Limited is a company duly registered in Nevis.” While registration in Nevis means it operates under their legal framework, specific top-tier regulatory licenses (e.g., from FCA, CySEC, ASIC) are not prominently displayed on the homepage.

What markets can I trade on fxopen.com?

Fxopen.com offers over 700 markets, including global FX (Forex), index CFDs, commodity CFDs, share CFDs, and cryptocurrency CFDs.

What trading platforms does fxopen.com offer?

Fxopen.com provides access to MetaTrader 4 (MT4), MetaTrader 5 (MT5), TickTrader (its proprietary platform), and TradingView, available across desktop, web, and mobile devices. Does fxopen.com Work?

What are the typical spreads and commissions on fxopen.com?

Fxopen.com advertises “spreads from 0.0 pips and commission from $1.50 per lot” for its ECN account, indicating competitive pricing.

Does fxopen.com offer a demo account?

Yes, fxopen.com offers a “Try Demo” account option, allowing users to practice trading with virtual money before committing real funds.

What is ECN trading as offered by fxopen.com?

ECN (Electronic Communication Network) trading, as claimed by FXOpen, means client orders are routed directly to a network of liquidity providers, aiming for direct market access, faster execution, and no dealing desk intervention.

Is fxopen.com suitable for high-frequency trading or scalping?

Yes, fxopen.com explicitly welcomes “high frequency trading, all types of expert advisors (EA’s) and scalping,” indicating its platform is designed to support these strategies.

Does fxopen.com offer a VPS?

Yes, fxopen.com offers a free VPS (Virtual Private Server) for active traders, which is designed to enhance trading flexibility and speed, particularly for automated strategies. westernunion.com App Review

How long has fxopen.com been in operation?

Fxopen.com has been in operation since 2005, boasting “18+ Years on the market” as of the current review.

Can I trade cryptocurrencies on fxopen.com?

Yes, fxopen.com offers the ability to trade cryptocurrency CFDs.

What are the funding options for fxopen.com?

The homepage mentions “multiple funding options,” though specific methods (like bank transfer, credit/debit cards, e-wallets) are not detailed on the main page.

Is fxopen.com available on mobile devices?

Yes, all trading platforms offered by fxopen.com (TickTrader, TradingView, MT4, MT5) are available on mobile and tablet devices, and there is also a dedicated FXOpen App.

What kind of customer support can I expect from fxopen.com?

While direct contact details are not on the homepage, the presence of a news section with updates and holiday schedules suggests active communication, and a legitimate broker would have dedicated customer support channels. Quince.com Trustpilot Reviews Overview

Does fxopen.com provide market analysis or news?

Yes, fxopen.com features sections for “Live market news,” an “Economic calendar,” and articles on topics like “Common Misconceptions About Forex.”

What are the benefits of using an ECN account with fxopen.com?

Benefits highlighted include “no conflict of interest” due to direct market access, low cost trading with tight spreads, and ultra-fast execution.

How do I get started with fxopen.com?

To get started, you would open an account, choose your preferred trading platform, and then fund your account using the available options.

Is fxopen.com suitable for beginners?

While fxopen.com offers a demo account and some educational content, its focus on tight spreads, high volume, and advanced trading strategies (like EAs and scalping) suggests it caters more to experienced traders.

Are there any ethical concerns with fxopen.com from an Islamic perspective?

Yes, significant ethical concerns exist. westernunion.com Login Guide

The core business of leveraged Forex and CFD trading typically involves Riba (interest) through swap fees and Gharar (excessive uncertainty) due to speculation on price differences without asset ownership, which are prohibited in Islamic finance.

What are the alternatives to fxopen.com for ethical financial engagement?

Ethical alternatives include investing in physical gold/silver, Sharia-compliant real estate, Islamic equity funds, ethical crowdfunding platforms, and engaging in direct, permissible business ventures (e-commerce, freelancing).