Global Broker Regulation Inquiry App
WikiFX
Regulated
Score
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9
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0
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9
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/10
The WikiFX Score of this broker is reduced because of too many complaints!
FXOpen
Cyprus
|
10-15 years
|
ECN Account
Regulated in Cyprus
|
Market Maker (MM)
|
MT4 Full License
|
Regional Brokers
|
New Zealand Financial Service Corporate Revoked
|
Suspicious Overrun
|
High potential risk
https://www.fxopen.com/en
Website
Rating Index
MT4/5 Identification
MT4/5
Full License
FXOpenAU-Demo STP
United Kingdom
62
Influence
A
Influence index NO.1
Poland 4.94The WikiFX Score of this broker is reduced because of too many complaints!
MT4/5 Identification
MT4/5 Identification
Full License
62
Server Name
FXOpenAU-Demo STP MT4
Server Location United Kingdom
United KingdomInfluence
Influence
A
Influence index NO.1
Poland 4.94Surpassed 65.50% brokers
Biz Area
Search Statistics
Advertising
Social Media Index
Contact
+357 25024000
info@ambprime.com
https://www.fxopen.com/en
38, Spyrou Kyprianou STr, CCS BLDG - OFFice N101, CY-4154 LiMassol / P.O. BOX 51605, CY-3507 LiMassol
VPS Standard
No restriction on the broker account
Single Core
1G
40G
1M*ADSL
Open
WikiFX Risk Alerts
2025-10-29
- The number of this brokers's negative field survey reviews has reached 3. Please be aware of the risk and the potential scam!
5
Basic Information
Registered Region Cyprus
CyprusOperating Period
10-15 years
Company Name
FXOpen EU Ltd
Abbreviation
FXOpen
Company employee
--
Customer Service Email Address
support@fxopen.eu
Contact Number
+35725024000
Company Website
Company Address
38, Spyrou Kyprianou STr, CCS BLDG - OFFice N101, CY-4154 LiMassol / P.O. BOX 51605, CY-3507 LiMassol
Facebook
A Visit to FXOpen in UK -- Finding No Office
The investigators went to London, UK to visit the foreign exchange dealer FXOpen as planned. They did not find the dealer’s office on the publicly displayed address. The dealer might simply register the company at that address and did not have a real business place. Investors are advised to choose the dealer carefully.
Danger 
United Kingdom
United KingdomNew Zealand broker FXOpen not found
A field survey based on the address in its regulation details did not find FXOpen’s physical presence. The broker claims to hold a full license by Australia ASIC, a straight-through license from UK FCA and a Financial Services Provider license from New Zealand FSPR, but the authenticity of these licenses are suspectable, especially the latter, which appeared to have been revoked, according to quer
Danger 
New Zealand
New ZealandA Site Visit to AMB Prime in Cyprus
The inspection team of confirmed the existence of the office of AMB Prime in Cyprus after the site visit. Its office is not very large. AMB Prime holds MM license issued by CySEC.
Good 
Cyprus
CyprusThe Regulatory Information of FXOpen in Australia is Fictitious
As confirmed by the surveyor after the field surveyor, the Australia licensed broker FXOpen's real office address was not consistent with its regulatory information. Please be wary of the broker.
Danger 
Australia
AustraliaA Visit to FXOpen in UK -- Finding No Office
The investigators went to London, UK to visit the foreign exchange dealer FXOpen as planned. They did not find the dealer’s office on the publicly displayed address. The dealer might simply register the company at that address and did not have a real business place. Investors are advised to choose the dealer carefully.
Danger United Kingdom
United KingdomNew Zealand broker FXOpen not found
A field survey based on the address in its regulation details did not find FXOpen’s physical presence. The broker claims to hold a full license by Australia ASIC, a straight-through license from UK FCA and a Financial Services Provider license from New Zealand FSPR, but the authenticity of these licenses are suspectable, especially the latter, which appeared to have been revoked, according to quer
Danger New Zealand
New ZealandA Site Visit to AMB Prime in Cyprus
The inspection team of confirmed the existence of the office of AMB Prime in Cyprus after the site visit. Its office is not very large. AMB Prime holds MM license issued by CySEC.
Good Cyprus
CyprusThe Regulatory Information of FXOpen in Australia is Fictitious
As confirmed by the surveyor after the field surveyor, the Australia licensed broker FXOpen's real office address was not consistent with its regulatory information. Please be wary of the broker.
Danger Australia
Australia24
Account
Related Software
Biz Area
Website
Genealogy
Relevant Enterprises
Employees
Company Summary
Disclosure
News
Wiki Q&A
Comment
Account
Environment
--
Currency
--
Maximum Leverage
1:30
SupportedEA
Minimum Deposit
300
Minimum Spread
--
Depositing Method
--
Withdrawal Method
--
Minimum Position
0.01
Commission
--
Products
--
Updated：
2025-10-29
MT4/5
Full License MT4
10
MT4 Servers
0
MT5 Servers
140.85
Average execution speed/ms
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
Meta Trader 4
Perfect
Meta Trader 4
Perfect
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Official website
Website
Most visited countries/areas
Iraq
fxopen.com69.63.176.143
fxopen.hk104.21.17.118
fxopen.com.au104.26.10.212
fxopen.co.uk157.240.17.41
fxopen.eu104.28.7.110
ambprime.com35.156.199.155
Genealogy
VIP is not activated.Open Now
Relevant Enterprises
FXOPEN AU PTY LTD(Australia)
Active
Australia
Registration No.
143678719
Established
2018-11-21
FXOPEN EU LTD(Cyprus)
Active
Cyprus
Registration No.
HE310300
Established
2013-04-17
FXOPEN LTD(United Kingdom)
Active
United Kingdom
Registration No.
07273392
Established
2013-03-22
FXOPEN LTD
Active
United Kingdom
Registration No.
07273392
Established
2010-06-04
FXOPEN NZ LIMITED(New Zealand)
Deregistered
New Zealand
Registration No.
3688577
Established
2011-12-15
Employees
Mark Hector NORRIE
Liquidator
Start date
2015-06-17
Status
Employed
FXOPEN NZ LIMITED(New Zealand)
GARY MICHAEL THOMSON
United Kingdom
Director
Start date
2012-01-09
Status
Employed
FXOPEN LTD(United Kingdom)
ALEXEY STEPANOV
United Kingdom
Director
Start date
2010-06-04
Status
Employed
FXOPEN LTD(United Kingdom)
Company Summary
| Quick FXOpen Review Summary | |
| Founded in | 2007 |
| Registered in | Cyprus |
| Regulated by | CySEC |
| Trading Instruments | 700+, indices, commodities, forex, shares, cryptos, ETFs |
| Demo Account | ✅ |
| Account Type | ECN |
| Min Deposit | $/€300 |
| Leverage | Up to 1:30 |
| EUR/USD Spread | Floating around 0.2 pips |
| Trading Platform | MT4/5, TickTrader, TradingView |
| Deposit Fee | ❌ |
| Withdrawal Fee | Free for Viisa/MasterCard and Easy bank transfer, fees for Bank Transfer |
| Customer Service | 9 am - 8 pm (Eastern European Time) |
| Live chat | |
| Tel: +357 25024000 | |
| Email: support@fxopen.eu | |
| Regional Restriction | USA |
FXOpen Information
FXOpen is a trading name of FXOpen EU Ltd, is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 194/13. FXOpen offers retail and professional trading available markets including indices, commodities, forex, shares, cryptos, and ETFs through MT4, MT5, TickTrader, and TradingView platforms.
Pros & Cons
| Pros | Cons |
| Regulated by CySEC | US clients are not accepted |
| Negative balance protection | No copy trading |
| Many instruments available | High minimum deposit |
| Demo accounts | Withdrawal fees charged |
| MT4 and MT5 platforms | |
| Live chat support |
Is FXOpen Legit?
Yes, FXOpen is regulated by Cyprus Securities and Exchange Commission (CySEC).
| Regulated Country | Regulated by | Regulated Entity | License Type | License Number |
 | CySEC | FXOpen EU Ltd | Market Making (MM) | 194/13 |
Market Instruments
Indices, commodities, forex, shares, cryptos, ETFs... FXOpen allows clients to access 700+ trading markets.
| Trading Assets | Available |
| Indices | ✔ |
| Commodities | ✔ |
| Forex | ✔ |
| Shares | ✔ |
| Cryptos | ✔ |
| ETFs | ✔ |
| Bonds | ❌ |
| Options | ❌ |
Account
FXOpen only offers a single account type - ECN trading account, with a minimum deposit requirement of 300 USD or EUR. You can find detailed info about account features in the table and screenshot below:
| ECN Trading Account Features | |
| Min Deposit | $/€300 |
| Max Leverage | 1:30 |
| Spread | Floating from 0 pips |
| Commission | From $1.5 per lot |
| Demo Account | ✔ |
Leverage
The maximum leverage offered by FXOpen is 1:30. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spreads & Commissions
The EUR/USD spread is floating around 0.2 pips. If you are interested in spreads on other trading instruments, you can find detailed spread info on its homepage: https://fxopen.com/en-cy/
As for commissions, if your account balance is below $1,000, the commission for forex trading is $3.5 per lot, while $1.5 per lot for account balance over $250,000+. Visit https://fxopen.com/en-cy/pricing/ to find more specific info on commissions on other trading instruments.
| ECN Account - FX Commission | |
| Account Balance | Commission |
| Below $1,000 | $3.5 per lot |
| $1,000 - $25,000 | $2.5 per lot |
| $25,000 - $250,000 | $1.8 per lot |
| $250,000+ | $1.5 per lot |
Trading Platforms
As for the trading platform, FXOpen provides its clients with many options. There are public platforms such as MT4/5 and TradingView that have served many clients worldwide, also FXOpen's own platform TickTrader.
If you didn't want to spend time familiarizing yourself with a new platform, you can choose MT4/5 and TradingView. But FXOpen's own platform provides better compatibility with businesses, as they are specially developed and customized platforms. The choice is yours.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Windows, MacOS, Web, iOS, Android | Beginners |
| MT5 | ✔ | Windows, MacOS, Web, iOS, Android | Experienced traders |
| TickTrader | ✔ | MacOS, Windows, Linux, Web, iOS, Android | / |
| TradingView | ✔ | Windows, Web, iOS, Android | Beginners |
Deposit & Withdrawal
In terms of deposit and withdrawal, like many good brokers, FXOpen provides a detailed form with important information about payment methods, accepted currencies, minimum/maximum amount, fees, and processing time. The feasible payment methods are Bank Transfer, Visa/MasterCard, and Easy bank transfer.
Deposit
| Deposit Method | Min Deposit | Max Deposit | Deposit Fee |
| Visa/MasterCard | 0.01 EUR, 1 USD | 1,000 EUR/USD | ❌ |
| Easy Bank Transfer | 20,000 EUR/GBP | 50 EUR/GBP | ❌ |
Withdrawal
| Withdrawal Method | Min Withdrawal | Max Withdrawal | Withdrawal Fee | Withdrawal Time |
| Bank Transfer | 15 EUR, 30 USD, 15 GBP | No limit | 15 EUR, 30 USD, 15 GBP | 1-3 business days |
| Visa/MasterCard | 1 EUR/USD | 1,000 EUR/USD | ❌ | 2-5 business days |
| Easy Bank Transfer | 10 EUR/GBP | 20,000 EUR/GBP | ❌ | / |
Note: Withdrawal forms received before 12:00 (GMT) will be processed on the same business day. If these are received after 12:00 (GMT) or the weekend, they will be processed the next business day.
Customer Support
FXOpen does not offer 24/7 customer support. Customer service time is only available from 9 am to 8 pm (Eastern European Time) by live chat, phone, and email. You can also follow FXOpen on some social media platforms such as YouTube, Facebook, X, Telegram, LinkedIn, and Instagram.
| Service Time | 9 am - 8 pm (Eastern European Time) |
| Live Chat | ✔ |
| Phone | +357 25024000 |
| support@fxopen.eu | |
| Address | 38 Spyrou Kyprianou Street, CCS BLDG - Office N101, 4154 Limassol, Cyprus |
| Social Media | YouTube, Facebook, X, Telegram, LinkedIn, Instagram |
Keywords
- 10-15 years
- Regulated in Cyprus
- Regulated in United Kingdom
- Market Maker (MM)
- Straight Through Processing (STP)
- MT4 Full License
- Regional Brokers
- New Zealand Financial Service Corporate Revoked
- Suspicious Overrun
- High potential risk
Disclosure
Danger
FCA Warning List of unauthorised firms Expert Forex Trade / expertforextrade.com (Clone of previously FCA Authorised Firm)
Country/Region
Disclosure time
2025-04-25
Disclose broker
Danger
Ministry of Trade Blocks 1,222 Illegal Commodity Futures Trading Websites
Country/Region
Disclosure time
2022-02-02
Disclose broker
More
News
News FXOpen UK Narrowed Losses Significantly in 2024
FXOpen UK reported a notable improvement in its financial performance for 2024, significantly narrowing its annual losses despite only modest revenue growth.
2025-09-17 14:55
Exposure FCA Alerts Public to FXOpen Finance Clone Scam
The FCA warns of an FXOpen Finance clone scam impersonating authorised FXOpen Ltd to defraud UK investors in forex trading.
2025-08-28 17:23
News CySEC Suspends FXOpen Shareholder Voting Rights for Prudent Management
The Cyprus Securities and Exchange Commission (CySEC) has decided to suspend the voting rights of FXOpen EU Ltd’s sole indirect shareholder, Aliaksandr Klimenka, to ensure sound management.
2024-10-30 12:11
News FXOpen and TradingView Join Forces on Mobile
FXOpen has broadened its partnership with TradingView, making their integration available on mobile apps. This update enables traders to use FXOpen via TradingView's mobile applications, providing enhanced flexibility.
2024-06-26 17:41
News FXOpen: Three New Currency Pairs Added to Expand Asset Pool
FXOpen expands the asset pool with three new currency pairs. USD/HUF, EUR/HUF, and USD/CZK offer increased trading opportunities in thriving markets. Learn more about the broker's commitment to customer service and enhancements to its services, including the elimination of trading commissions on index CFDs and a reduced minimum trade size. Catering to the diverse needs of global traders, FXOpen remains a reliable platform for seasoned traders in the global financial markets.
2023-05-31 11:49
News FXOpen Lowers Minimum Size For Trades On Their Platform
FXOpen, a global FX and CFD broker, has lowered the minimum trade size on index CFDs from 0.1 lot to 0.01, while also introducing commission-free trading. The company offers an extensive range of markets and is regulated by the UK's FCA and Australia's ASIC.
2023-05-04 11:20
View More
Wiki Q&A
gnsrael 
1-2 years
What can I trade with FXOpen?
It can be traded through indices, commodities, forex, stocks, cryptocurrencies, ETFs, bonds, and options.
Broker Issues
Leverage
Platform
Account
Instruments
07-01
United States
Rojas
1-2 years
What trading platform does FXOpen offer?
FXOpen offers a variety of platforms for clients to choose from, including the public platforms MT4/5 and TradingView, as well as FXOpen's own platform, TickTrader. If you don't want to get familiar with the new platform, you can choose MT4/5 and TradingView, but TickTrader is more compatible. It can be selected according to the actual situation.
Broker Issues
Platform
Account
Instruments
Leverage
06-18
United States
mohdfazlan
1-2 years
Does FXOpen charge commissions?
When the account balance is less than $1,000, the commission is $3.5 per lot, $2.5 per lot for $1,000 - $25,000, $1.8 per lot for $25,000 - $250,000, and $1.5 per lot for $250,000+.
Broker Issues
Fees and Spreads
06-11
United States
Rustam R
1-2 years
Does FXOpen offer demo accounts?
To meet the needs of traders, FXOpen offers a demo account.
Broker Issues
Instruments
Platform
Account
Leverage
05-16
United States
View More
User Reviews 24
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FX2882198197
Vietnam
I’d like to share a genuine review of this broker, particularly regarding the severe slippage issue. I entered forex trading with high expectations, but this broker has been a major disappointment. I place my trades expecting to enter at a specific price, say 1.1000, only to find the execution slipping to 1.1004 or even 1.1010. This happens consistently, even during calm market conditions, not just during volatile news periods, and it’s drastically affecting my profits, often turning potential gains into break-even or losses. I’m quite frustrated because this level of slippage erodes my confidence in their platform. I expect a broker to execute trades accurately and promptly, but it feels like they’re mishandling my orders. For anyone considering this broker, I strongly recommend testing their execution thoroughly before committing significant funds. This slippage issue could turn your trading experience into a frustrating ordeal, so proceed with caution.
Exposure
08-25
FX7359315392
Bangladesh
Essentially it is not possible to withdraw anything from them. I feel it may well be arbitary towards me. I have offered settling the dispute by transferring my peak equity (approx. 6000 euro) since the blockage through a final SEPA transfer and then closing my account. But of course they really appear unable to process any withdrawals, other than offering me to move the money to moneybookers which would not then process the withdrawals to my bank account, but will charge fees.
Exposure
2021-09-03
Mayaz Ahmad
Bangladesh
i had managed once again to close most of my trades in profit on my Mt4 terminal account, but i noticed the trades i closed in profit on my mt4 terminal were left open on the fxopen platform. contacted their support and explained the situation and provided evidence which clearly show the mt4 account was running, and all most these trades closed in profit, they claimed my stp account expired which is absolutely false.
Exposure
2021-09-01
FX1337757448
United Kingdom
I like this broker service for one thing, it's fast, deposit, trading, logging in, everything is fast I didn't have any troubles trying to use the broker
Positive
08-15
FX2882198197
Canada
good broker, traded on the app, it was easy to deposit and has a low deposit clause, which can be affordable for every forex trader
Positive
08-13
FX6369975932
Japan
I used it in the past. I used to run an EA on a rare Bitcoin-denominated ECN account. The spreads were average, slippage was significant, and it was a broker without any other outstanding features.
Neutral
07-28
Rahmoune Abdallah
Hong Kong
It is a little bit tricky. Depositing is free but withdrawing charges commission fees. This makes me feel that depositing is easier and withdrawing can be harder. What if I'm running at a loss and I want to withdraw my money? Then I have to pay more, which is awful...
Neutral
06-09
hanozo22
Hong Kong
Its trading platforms operate well. I usually use MetaTrader 4 or MetaTrader 5, and recently I tried the other two platforms offered by FXOpen, which turns out to be good.
Neutral
06-09
FX1727239306
New Zealand
The members area is great, very complete and I have many deposit methods available. The execution is very fast, I have never had a re quotation. I love the fact I have commission free withdrawals and I can do it as many times as I want. I would recommend it for beginners and also advanced traders, it is very complete!
Positive
2024-07-10
FX1494149797
Cyprus
I use both MT4 and MT5 for my trades, and FXOpen’s integration of these platforms is seamless. I particularly enjoy using custom indicators and automated trading scripts which are supported brilliantly here.
Positive
2024-06-18
FX1669530399
United States
A very transparent broker. The ease of doing business with them is second to none in the industry. Their deposit and withdrawal system is superlative. I deposited in the morning, did a few trades, made a huge profit and I withdrew seamlessly twice the same day. The withdrawn funds hit my account within minutes. This is excellent!
Positive
2024-04-30
Alexia
Germany
Well mates I had a pretty bad experience with FXOpen, I lost everything, I couldn’t withdrawal after trading and after sometime I was locked out of my account, and that was it, I don’t see anything good with this broker, after my loses I started trading with, benarmstrong-trades. com and I’ve not had any issue with my withdrawal, I was able to make $9,000 in a week. Another thing about FXOpen is their customer service won’t respond, Ben Armstrong offers the best, that where i trust.
Positive
2023-03-07
C.5918
New Zealand
A liar company, saying that it is a safe and reliable foreign exchange company, is actually a scammer. If you foolishly invest here, you will never get back a cent of your money!
Neutral
2023-03-01
谢家少爷《二》
Singapore
It is really attractive that you can open a micro account with FXOpen with as little as $1. But I saw that this company does not have any regulatory license, and I was quite scared.
Positive
2023-03-01
FX1275674666
United States
I like the fact that FXOpen offers both MT4 and MT5. However, safety is always my first consideration. Goodbye, FXOpen!
Neutral
2023-02-28
FX1217728940
Australia
FXopen is a reliable broker that I have been using for years. Narrow spreads and stable MT4 trading platform are the main reason that i trade with this broker most. BTW, they also process your withdrawals patiently and quickly.
Neutral
2023-02-21
唸
Singapore
The company is registered in Cyprus and regulated by CYSEC. I noticed that its leverage is controlled at 1:30, which is a very sensible level. I know I shouldn't try too high a leverage, so FXOpen's leverage is not a disadvantage for me. I'm going to open a demo account and try it out!
Neutral
2023-02-20
FX1240953418
United Kingdom
I've been trading with fxopen for some time, and I feel that this company is worth recommending. For now there is no scams or severe slippages in my account.
Positive
2023-02-16
Peter67
India
I am trading with FXOpen and was mainly attracted by their zero spreads and the ability to do trading using their web based Tick Trader platform. Spreads are almost zero which allows for more profits in overall trading with them.
Positive
2022-11-30
FX1054428181
United States
It is said that mt4, mt5 and TickTrader are provided, but none of them can be downloaded. Only the Web Trader of these three platforms can successfully enter and trade. In addition, what I have to say is that the four account types they offer look very friendly and good. The most advanced account has a minimum deposit of only $100, while the most basic account only needs $1.
Positive
2022-11-28
FX1059419588
Australia
I’ve been trading with FXopen for couple of months now, and my trading experience has been pretty good. Their customer support is very responsible, for instance, once I had some issues with my account registration, their support team resolved it quickly for me… I’ve made several deposits and withdrawals successfully, and have been using a leveraged MT4 ECN account satisfyingly. ⭐ ⭐⭐⭐⭐would recommend FXOPEN.
Positive
2022-11-25
Tracy94203
United Kingdom
I suggest that you should first open a demo account since its minimum deposit reaches $300, not suitable for beginners. I bet you will regret if you open a real one. Its demo account is filled with $1,000,000 virtual money for you to practice your trading strategies… This broker says it provides competitive spreads, however, this should be tested on demo accounts first. By the way, its trading platform is quite smooth and powerful, no latency… Lastly, professional traders can use the leverage up
Neutral
2022-11-18