July 2012 Update: FXOpen.com is now used exclusively for the New Zealand branch of FXOpen.
The Australian branch is at FXOpenAus.com
The UK branch is at FXOpen.co.uk
Also known as:
fxmalay.com, fxislamic.com, fxind.com, fxfrench.com, philippinesforex.com, fxorient.com, forexarabian.com, forex-leader.com, payufx.com
FX Open is an online forex broker. FXOpen offers the MetaTrader 4 top currency trading platform. Fxopen.com offers over 20 of the most traded currency pairs for your personal investment and trading options.
Fxopen is actually not bad! Recommended to try!
I have tried many brokers and i think FXOpen is actually okay. One of the best around. With many payment processing options for deposit and withdrawal, reasonable support.
Look at my profile, not paid to do this review. Couldnt help to see all the complaints which i definitely pretty sure that there is a reason why those things happen.
Hope FXopen can keep improving too :) ... cheers!
I just wanna say, FXOpen is a good broker, honest, fast execution, easy deposit & easy withdrawal, very low spread
But the only bad thing is slow response...
My ECN account 9501234 is being charged $1.57 per 0.14 Lot with deposit
over $1000 and 12 trades per week.
While initially I was charged $0.78 per 0.14 lots, that is 101% increase!!.
When I asked about this, their reply was:
Your 9501234 account's equity is below is USD 1000, that's why your commission rate has been increased twice. For more details please check https://support.fxopen.com/Knowledgebase/Article/View/209/466/commissions-and-bonuses
Should you have additional questions - please let us know.
FXOpen support team
I have proof that my account equity was over $1000 when I opened the last three trades.
Scam broker, slippage 1,7 pips in USD/GBP,, stop trading when using the margin, frequents changes of spreads.
FCA operate this broker?
with help of association study their bahavior.
FFXOPE UK/SCAM- USD/GBP spreads +- 3 pips, slippage 1,7 pips. broker A cero slippage spread ´- 1 pip, broker C cero slippage 0,8 spread broker D positiv slippage 0,20 spread 0,7.
theft, scam, misleading advertiseng and more.
Market makers trading against their users, governed by an off-shore scam commission, which they are "a part of" according to their website.
FXOPEN UK, is bad broker, bucket shop ECN? test with small acc. afther more than 25 years en forex, brillant FCA with this broker
Do not expect any action quickly when you want to withdraw your money! On the website they claim that withdrawals to Neteller and Skrill are instant (https://www.fxopen.co.uk/en/withdrawal). But actually take up to 2 days!
If you want to be served by chat, prepare a popcorn because it will take a long time!
On the platform: spreads and commissions are higher in the real account than the demo account. But this is nothing new...
It's totally scam and my story is :
After long working in EA , I success to build very strong EA that depend on pending orders , and I choose fxopen ECN account , on the first week I observe that some bending orders it changes their places and we I closed the EA opened again in it's correct place , I worked in EA and I fixed this as whatever happen the order couldn't be changed unless the EA stopped or shut , but now new scamming happened , new totally orders open and I could observing that because if I close one order manually that opened by EA , the EA will close all remain orders and when I close that wrong orders the EA didn't close his orders , so those orders open by broker , until the big problem happened and I lose the account , it's was a day of NZD news , The EA hang a order 160 pips away from the moment price moved and the broker cancelled it and by this my account destroied , I contact them and they said because of slippage they couldn't open the order , After that I try to hedge my orders manually but I lost the account .
My account : 901923
pass : IP13Mw4x
server : ecn.fxopen.com:443
They're actually ok.
It's just that they have untrained support staff that makes them look bad, but overall honest.
Well Have been trading with them for 12 months.
Honest broker- don't cheat
Platform performance- Less slippage
Spread- Avg. among low spread providers
Pathetic customer support
Bad IT infrastructure on web portal coupled with terrible customer support. I am being charged 11$ per RTL for past few days and I am not able to communicate the issue so far to the,.