Review on Fxopen

FXOpen is a long-standing forex and CFD broker known for offering ECN, STP, and Micro trading accounts to traders around the world. Founded in 2005, FXOpen grew from a small educational center into a well-recognized online trading provider, focusing on fair pricing, transparency, and technological innovation. The website, fxopen.com, presents itself as a secure, regulated platform that provides access to forex pairs, commodities, indices, cryptocurrencies (depending on jurisdiction), and other CFD instruments.

The site claims to offer competitive spreads, fast execution, and a stable trading environment through platforms such as MetaTrader 4, MetaTrader 5, and the FXOpen TickTrader platform. FXOpen highlights its liquidity aggregation, protection of client funds, negative balance protection in certain regions, and partnerships with top-tier liquidity providers.

The company also advertises various trader-friendly features including PAMM accounts, copy trading options, advanced charting, analytical resources, and tight spreads beginning from 0.0 pips on ECN accounts. Their regulatory coverage varies by region, but FXOpen is known to hold multiple licenses under different entities—something that contributes to its reputation for legitimacy.

Overall, FXOpen positions itself as a transparent, technology-driven broker suitable for beginners, intermediates, and professional traders seeking fair execution and a regulated environment.

More Details

FXOpen is considered legitimate due to its combination of regulatory compliance, operational transparency, and long-term presence in the forex market. A typical sign of a scam site is a lack of regulation or newly created websites with no industry track record. FXOpen is the opposite.

Reasons the site is considered legitimate:

1. Strong Regulatory Oversight

FXOpen operates under several regulated entities, each holding licenses from reputable financial authorities. This ensures that the company follows strict operational standards, capital requirements, and financial audits—traits associated with trusted brokers.

2. Long Company History

With nearly two decades in the industry, FXOpen has demonstrated stability and reliability. Scam platforms usually disappear within months or a few years.

3. Transparent Trading Conditions

Spreads, commissions, leverage, and risk warnings are clearly stated. Legitimate brokers always provide transparent conditions.

4. Segregated Client Funds

Client deposits are held separately from operational funds, reducing the risk of misuse.

5. Presence of ECN Technology

ECN (Electronic Communication Network) execution is a feature common to professional brokers, not scam operations. It shows the broker connects traders to real market liquidity.

6. Global Presence and Strong Infrastructure

The company maintains global offices, payment channels, and multi-platform support. Scam platforms rarely invest in robust infrastructure.

7. Positive Industry Reputation

FXOpen has built credibility among traders, communities, and forums over many years of operation.

All these factors combine to place FXOpen among legitimate global forex brokers rather than unregulated or suspicious entities.