FXOpen Fees, Spreads, and Commissions vary according to the account type that the trader is using. FXOpen’s spreads start from 0.0 pips on EUR/USD, which is low compared to other brokers.
FXOpen Fees and spreads – key points, quick overview:
- ☑️Overview
- ☑️FXOpen Fees and Spreads
- ☑️FXOpen at a Glance
- ☑️Customer Reviews
- ☑️Pros and Cons
- ☑️Conclusion
- ☑️Frequently Asked Questions
Overview
- According to research in South Africa, FXOpen was founded as an educational center offering courses in the field of technical analysis and financial markets.
- It became a brokerage company in 2005 with an aim to satisfy the growing need for fair and transparent trading conditions.
- FXOpen was the first Forex broker to offer its clients ECN trading via the MetaTrader4 terminal, along with FXOpen’s unique proprietary price aggregating technology, where you can benefit from the industry’s most competitive spreads and low trading commissions.
- The ECN Model gives traders access to the Interbank market, and clients receive real-time quotes from the industry’s largest liquidity providers.
- Apart from the general offering to trade Forex, the company continued to set the pace with its latest technologies, and in 2014 offered Bitcoin trading.
- Forex competitions are held regularly by the broker that assists in learning, as well as offers opportunities to gain valuable prizes.
- Today, the broker is a trusted partner to more than 1,000,000 customers from around 100 countries.
- FXOpen maintains its mission to provide clients with professional services in trading, analytics, and excellent customer support.
FXOpen Fees and Spreads
FXOpen’s spreads start from 0.0 pips on EUR/USD, which is low compared to other brokers.
The trading fees with FXOpen differ according to the account type chosen by the trader. Spreads, leverage, minimum deposit required, and commissions are as follows:
- Micro Account - Minimum deposit of $1, zero commissions, floating spread, and leverage up to 1:500.
- STP Trading Account- Minimum deposit from $10, zero commissions, floating spread depending on the buy/sell orders available in FXOpen ECN, and leverage up to 1:500.
- ECN Account - Minimum deposit of $100, commissions from $1.5 per standard lot at a volume of $100k, floating spreads from 0.0 pips, and leverage up to 1:500.
- Crypto Trading Account - Minimum deposit from $10, 0.5% half-turn commissions, floating spreads, and leverage of 1:3.
- Crypto 10 Trading Account - Minimum deposit from $10, 0.25% half-turn commissions, spreads from 0 pips, and leverage of 1:10.
| 💼 Account Type | 🟢 Basic ECN | 🔵 Classic ECN | 🟠 Advanced ECN | 🔴 Elite ECN |
| 💰 Minimum Deposit | $100 | $1,000 | $2,500 | $25,000 |
| 📉 Typical Spread (EUR/USD) | From 0.0 pips | From 0.0 pips | From 0.0 pips | From 0.0 pips |
| 💵 Commission (per lot) | $15 (round turn) | $15 (round turn) | $7.50 (round turn) | $5 (round turn) |
| 🔧 Execution Type | ECN Market | ECN Market | ECN Market | ECN Market |
| ⚙️ Trading Platform | MT4, MT5, TickTrader | MT4, MT5, TickTrader | MT4, MT5, TickTrader | MT4, MT5, TickTrader |
| 📈 Max. Leverage | 1:500 | 1:500 | 1:500 | 1:500 |
| 🕐 Market Hours | 24/5 | 24/5 | 24/5 | 24/5 |
| 🔄 Swap-Free Option | Yes | Yes | Yes | Yes |
🏆10 Best Forex Brokers in South Africa
| Rank | Broker | Broker Review | Regulators | Minimum Deposit | Visit Broker |
|---|---|---|---|---|---|
| 🥇 |  | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | $100 | Visit Now |
| 🥈 |  | Read Review | FSCA, FCA, DFSA, FSA, CMA | $0 | Visit Now |
| 🥉 |  | Read Review | CySEC, IFSC, DFSA, FCA | $5 | Visit Now |
| 4 |  | Read Review | ASIC, CySEC, FSA, SCB | $200 | Visit Now |
| 5 |  | Read Review | FSA, FSCA | $250 | Visit Now |
| 6 |  | Read Review | FSA, FSC, FSCA, ASIC, CMA | $20 | Visit Now |
| 7 |  | Read Review | FSC, FSCA | $50 | Visit Now |
| 8 |  | Read Review | ASIC, CySEC, FSCA, FSA, FSC, CMA | $100 | Visit Now |
| 9 |  | Read Review | CySEC, MWALI, FSCA | $25 | Visit Now |
| 10 |  | Read Review | FSA, CySEC, FSCA, FSC | $10 | Visit Now |
FXOpen at a Glance
| 🔎 Broker's Name | FXOpen |
| 📍 Headquartered | UK, Australia, Nevis, and Saint Kitts |
| 📅 Year Founded | 2005 |
| ⚖️ Regulating Authorities | CYSEC, FCA, and FSCS |
| 🌐 Countries not accepted for trade | United Stated |
| ☪️ Islamic account (swap-free) | Yes |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | Yes |
| 📊 Managed Accounts | Yes |
| 📈 Maximum Leverage | 1:500 |
| 💰 Minimum Deposit | USD 100 |
| 💳 Deposit Options | Credit cards Debit cards Walao! Pay Local Wire Transfers (or Skrill) Local Deposits Alfa-Click China UnionPay Bank Wire Transfer, and more |
| 💳 Withdrawal Options | Credit cards Debit cards Walao! Pay Local Wire Transfers (or Skrill) Local Deposits Alfa-Click China UnionPay Bank Wire Transfer, and more |
| 💻 Platform Types | MetaTrader 4, MetaTrader 5 |
| 📱 OS Compatibility | Web browsers, Windows, MacOS, Linux, Android, iPhone, tablets, iPads |
| 📈 Tradable assets offered | Forex, Gold, Silver, CFDs, Indices, Cryptocurrencies |
| 👨💼 Languages supported on Website | English, French, German, Russian, Spanish, and more. |
| 👥 Customer Support Languages | Multilingual |
| 📆 Customer Service Hours | 24/5 |
| 📝Sign up | 👉 Open Account |
Customer Reviews
- Customer reviews for FXOpen are generally positive, highlighting the broker’s reliable trade execution, competitive spreads, and variety of account types catering to different trading styles.
- Many users appreciate the availability of MetaTrader platforms and the addition of TickTrader for advanced strategies.
- Traders commend FXOpen’s transparency in fees and strong regulatory oversight, which builds trust.
- The customer support team is often described as responsive and helpful, though a few users mention occasional delays during peak hours.
- Crypto traders also value the 24/7 trading access.
- Overall, FXOpen is viewed as a trustworthy and versatile broker for both beginners and professionals.
| 🔍Aspect | 🔖Details |
| 🌟Overall Rating | 4.5 out of 5 – Highly rated for reliability, tight spreads, and fast execution. |
| 👏Customer Satisfaction | Most users express satisfaction with platform performance, transparency, and trading conditions. |
| 📞Customer Service | Responsive and helpful support team available 24/5 via live chat, email, and phone. |
Customers Ratings
| 🌐 Platform | 📝 Feedback Summary | ⭐ Rating |
 | Positive reviews on trade execution and spreads; some concerns about withdrawal times. | 4.2 / 5 |
 | Mixed feedback; praised for customer support but occasional complaints about slippage. | 3.8 / 5 |
 | Generally favorable; users appreciate the educational tools and platform stability. | 4.0 / 5 |
 | Mostly positive with good remarks on ease of use and account types. | 4.3 / 5 |
 | Some users report excellent service, others note delayed responses. | 3.9 / 5 |
 | Strong ratings for transparency and execution speed; some negative reviews on support. | 4.1 / 5 |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Fixed commission on trades | Withdrawal fees are high on some payment methods |
Conclusion
FXOpen Fees, Spreads, and Commissions vary according to the account type that the trader is using. FXOpen’s spreads start from 0.0 pips on EUR/USD, which is low compared to other brokers.
You might also like:
FXOpen ReviewFXOpen Account Types OverviewFXOpen Demo Account – Step by StepFXOpen Islamic Account OverviewFXOpen Minimum Deposit
Frequently Asked Questions
How many instruments can I trade with FXOpen?
You can trade in Forex and Crypto.
Which platforms are supported by FXOpen?
MetaTrader 4, MetaTrader 5, FX Open Tick Trader (Mobile trading), and WebTrader.
Does FXOpen offer leverage?
Yes. Leverage of up to 1: 500.
What spreads can I expect with FXOpen?
You can expect spreads starting from as little as 0.0 pips.
Does FXOpen charge commission?
Yes. The commission fees are clearly stated on the broker’s website.
Is FXOpen regulated?
Yes. FXOpen is regulated by the FCA.
Is FXOpen a recommended forex trading broker for experts and beginners?
Yes. FXOpen caters to both beginner and expert traders.
What is the overall rating out of 10 for FXOpen?
7/10.
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