Review on Fxopen

FXOpen (fxopen.com) is a global online broker offering forex, CFD (Contracts for Difference), and cryptocurrency trading. According to the broker’s own marketing, FXOpen provides several account types (ECN, STP, Crypto, etc.), access to hundreds of markets (forex pairs, indices, commodities, shares/ETFs, crypto CFDs), tight spreads (from 0.0 pips), deep liquidity, and a choice of trading platforms including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and TickTrader. The company emphasizes fast execution, minimal requotes, and transparency in its cost and commission structure. Their stated mission is to offer “excellent trading conditions … fairness and transparency” to clients, and the company claims to be regulated under several jurisdictions.

Over the years FXOpen has built a presence with reportedly many thousands of clients worldwide, offering both manual and automated trading, and sometimes adding features like VPS for high-volume traders or allowing cryptocurrency deposits/withdrawals. The website appears professional, has a valid SSL certificate, and provides contact information including email and support channels.

That said — as with many brokers — user experience reports appear mixed. While a large share of traders report smooth trading and timely withdrawals, a nontrivial fraction complain about delays, withdrawal problems, support responsiveness, or restrictions (especially related to bonuses or account eligibility). Regulatory history is also somewhat complex, which adds ambiguity, depending on the jurisdiction through which a user registers.

In short: FXOpen seems to be a “real” broker with legitimate operations and many satisfied users — but it also shows enough red flags that anyone using it should proceed cautiously, treat it as high risk, and avoid relying on any expectation of guaranteed profits or perfect service.

More Details

Regulatory & Operational Legitimacy

FXOpen appears to have legitimate operations. Its group has a history going back to 2005, with multiple subsidiaries globally. In certain jurisdictions — notably in the UK — it operates under recognized regulation (FCA), which provides oversight, transparency requirements, and some degree of client fund protection (depending on local regulations).

At the same time, regulatory history is not pristine: one of its affiliates had its license revoked by a major regulator due to compliance issues (insufficient staffing, failure to meet key person requirements, breach of financial services laws). This suggests that while the brand persists, not all entities under the FXOpen umbrella may always meet top regulatory standards.

Thus, the legitimacy of FXOpen depends strongly on which regional entity you sign up with. If your account is under a regulated entity (e.g. the FCA-regulated arm), risk is lower than with unregulated/neutrally regulated affiliates.

User Experience & Reliability

User reviews — from trust-review platforms and forex communities — paint a mixed picture: many traders report satisfactory experiences, with successful trades, quick withdrawals, responsive support. Others have complained about delays, difficulties withdrawing funds (especially when bonuses are involved), or subpar customer support. This variability often depends on region, account type, deposit/withdraw method, and possibly volume or trading style.

This kind of mixed feedback is fairly common in the forex/CFD industry: even otherwise legitimate brokers may disappoint parts of their user base due to regulatory, compliance, banking or logistic constraints.

Risk Assessment

Given the above, it is fair to classify FXOpen as a “legitimate but risk-sensitive” broker. It is not obviously a scam or fraud ring — there is no systemic evidence (e.g. mass complaints of missing funds, obvious false promises, or evidence of misappropriation). But “legitimate” does not mean “safe,” especially for retail traders. The combination of regulatory variation, account-specific limitations, and the inherent risk of CFD/forex trading means that any trader must exercise caution, treat capital as at risk, and fully understand the relevant terms and conditions (especially around bonuses, withdrawals, and regional restrictions).

In other words: FXOpen can be used legitimately — but only if you approach it with caution, awareness of risk, and do not assume guaranteed success.