OpenFX

OpenFX is a forex and commodities broker based in Belarus, registered at 104 Dzerzhinsky Ave., Suite 803B in Minsk. According to its records, the company commenced operations in 2019, though it reports having successfully completed its first forex trades as early as 2004. It launched a multi-stage trader development program in 2017 and later began offering investment solutions in the Belarusian and Russian markets.

The broker holds a retail forex license (number 192612632) from the National Bank of the Republic of Belarus (NBRB), which regulates its activities under an Exchange Permit (EP). As an NBRB-licensed entity, OpenFX is subject to the financial oversight and regulatory requirements of Belarus's central bank.

OpenFX offers three account types designed for different levels of traders. The Standard Classic account requires a minimum deposit of 100 USD/EUR and provides leverage up to 1:100, suitable for beginners or those with smaller capital. The Investment Premium and Professional Pro accounts both require a minimum deposit of 1,000 USD/EUR and offer higher leverage of up to 200:1, aimed at more experienced traders seeking greater exposure.

All accounts are denominated in USD and EUR. The leverage range is capped at 200:1, which aligns with the regulatory framework of Belarus for retail forex trading. The broker does not publicly disclose the full list of instruments on its website, though it describes itself as a provider of forex and commodities trading services.

OpenFX operates under the supervision of the National Bank of the Republic of Belarus (NBRB), holding a Forex Trading License (EP). The license number is 192612632. As a regulated Belarusian broker, it must comply with local laws governing forex trading, including client fund segregation requirements and reporting obligations.

The NBRB is the central bank of Belarus and serves as the primary financial regulator. While the regulatory framework is less familiar to international traders than those in the EU or UK, it provides a legal basis for retail forex operations within the country. Traders should be aware that any investor compensation schemes in Belarus may differ from those in other jurisdictions.

The registered office of OpenFX is located at 220116, 104 Dzerzhinsky Ave., Suite 803B, Minsk, Belarus. The broker has a presence on social media platforms including Facebook, Instagram, and YouTube, though the extent of activity on these channels is not detailed in the official records.

No other contact details such as phone numbers or email addresses are provided in the available regulatory data. The official website is openfx.by, which serves as the primary point of access for account opening and client services.

OpenFX appears to target both retail and professional traders in Belarus and neighboring Russian-speaking markets. Its account structure accommodates a range of deposit sizes, from the low-entry Standard Classic at 100 USD/EUR to premium options at 1,000 USD/EUR. The broker's emphasis on trader development and investment solutions suggests a focus on education and long-term client relationships.

Given its regulatory status in Belarus, the broker is likely best suited for traders within the region who prefer a locally regulated provider. International traders may find the regulatory jurisdiction less familiar and should conduct their own due diligence before engaging with the firm.

The broker claims to offer foreign exchange and commodities trading services. However, the specific instruments, trading platforms, and execution models are not listed in the publicly available records. OpenFX's website may provide further details on available currency pairs, commodity CFDs, and the technology used for order execution.

As a regulated broker, OpenFX would be expected to offer standard trading features such as market, limit, and stop orders. The absence of comprehensive information in third-party databases means traders should verify directly with the broker regarding spreads, commissions, and any additional fees.