FXOpen – a brokerage company registered in the offshore jurisdiction of Nevis. Founded in 2005, the organization provides Forex and CFD trading services. Despite its long history, there is no information on having a license from reputable financial regulators.
The intermediary's legal address is P.O. Box 590, Charlestown, Nevis. You can contact support via email or a ticket system on the website.
Broker «FX Open»: trading conditions
The investment service offers several types of accounts, including ECN, STP, and cryptocurrency accounts. Each of them has its own features, but in general, they are aimed at both novice traders and experienced investors.
The minimum deposit is 100 USD, making it accessible for most users to start trading. To increase trading capabilities, the broker offers leverage up to 1:500, allowing for larger fund volumes with relatively small capital.
The account registration process on the fxopen.com platform is step-by-step. First, you need to create an eWallet - this is an electronic wallet in the user's personal account. After that, the client chooses the appropriate type of account based on their trading preferences and level of experience.
The trading platform offers more than 700 instruments, including classic currency pairs, CFDs on stocks, stock indices, commodities, and cryptocurrencies. Such a wide selection allows traders to diversify their trading, reducing potential risks.
Additionally, a range of algorithmic strategies are available, including automated trading using trading advisors and scalping, which can be useful for active traders.
FX Open Trading Platform
The financial service «FX Open» provides access to several trading platforms, including MetaTrader 4, MetaTrader 5, TickTrader, and TradingView. All platforms support automated trading via API interfaces such as FIX API, REST API, and WebSockets API.
Clients are also offered VPS services to reduce order execution delays.
How to withdraw money from the broker «FXOpen»
Deposits and withdrawals are made through bank transfers, electronic wallets, and cryptocurrency payments. It is important to note that some operations are subject to fees, and processing times may take several business days.
Withdrawals are made through the FX Open personal account.
Additionally, it should be considered that this organization may request additional documents for verification before withdrawal, which sometimes leads to delays or refusals in payments.
Conclusion about fxopen.com
Before considering FXOpen as a broker for trading, it is strongly recommended to study reviews about it from real clients. Despite its long history, the company is registered in an offshore zone and is not regulated by authoritative financial organizations, which poses serious risks for clients.
Moreover, the financial platform does not hold leading positions in broker ratings, which is associated with a lack of transparency and possible issues with withdrawals. Such aspects make cooperation with this service extremely doubtful and potentially risky.
Марина
2 months ago
I decided to try my hand at trading and chose the broker FX Open because I saw many positive comments. I deposited 500 euros, planning to learn gradually. But before I had a chance to properly understand the platform, I was blocked! The money is gone, access to my account is closed. I feel deceived. I really regret not studying independent reviews in advance!