FXOpen

FXOpen is the trading name of FXOpen EU Ltd, a forex and CFD broker established on 26 November 2018. The company is registered in Saint Kitts and Nevis, with its registered address at 3rd Floor Waverley House, 7-12 Noel Street, London, United Kingdom. It operates under regulation from both the Cyprus Securities and Exchange Commission (CySEC) and the UK Financial Conduct Authority (FCA), providing services primarily to European and UK clients.

FXOpen holds a CySEC Market Making License (MM) with status 'Regulated' in Cyprus, licence number 194/13, and an FCA Forex Execution License (STP) with status 'Regulated' in the United Kingdom. These licences mean FXOpen is subject to European and UK regulatory standards, including client fund segregation and negative balance protection, though the company's ultimate registration in Saint Kitts and Nevis introduces an offshore element. The CySEC licence also allows cross-border provision of services within EU member states.

The broker offers four main account types to accommodate different trader profiles. The Basic account requires a minimum deposit of $100, suitable for retail traders starting out. The Classic ECN account starts at $1,000 and provides access to ECN pricing. For higher-volume traders, the Advanced ECN account requires between $25,000 and $250,000, while the Elite ECN account demands a minimum of $250,000. Leverage details are not fully specified in our records, but these tiers suggest a focus on accommodating both retail and professional clients with varying capital levels.

FXOpen provides access to four trading platforms: MetaTrader 4, MetaTrader 5, TickTrader, and TradingView. These platforms cover desktop, web, and mobile trading, offering flexibility for different trading styles. The broker claims over 700 tradable instruments, spanning forex, indices, commodities, shares, cryptocurrencies, and ETFs. This breadth of instruments makes it suitable for traders looking to diversify across asset classes within a single account.

FXOpen positions itself as a broker for both retail and professional traders, with account tiers that cater from small retail traders to high-net-worth individuals. The combination of CySEC and FCA regulation makes it particularly relevant for European and UK-based traders seeking a regulated environment. The availability of ECN accounts with low spreads also appeals to cost-conscious active traders and scalpers.

The broker was founded in 2018, making it a relatively newer entrant compared to some established names, though it leverages the FXOpen brand which has a longer history in the industry. FXOpen maintains an active social media presence on Facebook, Instagram, LinkedIn, and YouTube, indicating a commitment to client engagement and education. Independent public information about the broker is consistent with its own marketing, and no significant adverse events have been reported in industry databases.