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اردو
FXOpen , FOREX EXCHANGE Broker Comparison
Do you want to know which is the better broker between FXOpen and FOREX EXCHANGE ?
In the table below, you can compare the features of FXOpen , FOREX EXCHANGE side by side to determine the best fit for your needs.
- Rating
- Basic Information
- Trading Env.
- Account Info
- Related News
- Relevant Exposures
- Rating
- Basic Information
- Trading Env.
- Account Info
- Related News
- Relevant Exposures
2 / 3 forex brokers comparison in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Basic Information
Est. Date
Regulatory License
MT4
MT5
Crypto
Deposit/Withdrawal Methods
Trading Env.
Trading Environment Rating
Execution Speed
Trading Speed Rating
Average Execution Speed
Minimum Execution Latency
Minimum Open Latency
Minimum Close Latency
Maximum Execution Latency
Maximum Open Latency
Maximum Close Latency
Slippage
Slippage Rating
Average Slippage
Max Slippage
Maximum Positive Slippage
Maximum Negative Slippage
Trading Cost
Trading Cost Rating
- Average Trading Cost
- (EURUSD)
- Average Trading Cost
- (XAUUSD)
Swap
Swap Rating
- Average Trading Cost
- (EURUSD)
- Average Trading Cost
- (XAUUSD)
Disconnection Instances
Disconnection Rating
Avg. Disconnection Frequency (/day)
Avg. Reconnection Time
Account Info
Accounts
Account Name
Trading Instruments
Minimum Deposit
Maximum Leverage
Typical Spread
Stop-Out Level
Spread Types
Minimum Trade Size
Crypto
Lock Position
Scalping
EA Trading
6.53
Regulated
Under guarantee
10-15 years
CYSEC,FCA,FSPR,ASIC
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
Elite ECN,Advanced ECN,Classic ECN,Basic
--
$250,000
--
from 0.0
0.00
Floating
--
--
8.27
Regulated
Under guarantee
--
15-20 years
FSA
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
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FXOpen BrokerRelated News
FXOpen 、 FOREX EXCHANGE BrokerRelevant Exposures
Which broker is more reliable?
To evaluate a broker's reliability and trustworthiness, consider the following four factors:
1.Forex broker introduction。
2.Do fxopen and forex-exchange have lower transaction costs?
3.Which broker is safer?
4.Which broker offers the best trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Forex broker introduction
fxopen
| Quick FXOpen Review Summary | |
| Founded in | 2007 |
| Registered in | Cyprus |
| Regulated by | CySEC |
| Trading Instruments | 700+, indices, commodities, forex, shares, cryptos, ETFs |
| Demo Account | ✅ |
| Account Type | ECN |
| Min Deposit | $/€300 |
| Leverage | Up to 1:30 |
| EUR/USD Spread | Floating around 0.2 pips |
| Trading Platform | MT4/5, TickTrader, TradingView |
| Deposit Fee | ❌ |
| Withdrawal Fee | Free for Viisa/MasterCard and Easy bank transfer, fees for Bank Transfer |
| Customer Service | 9 am - 8 pm (Eastern European Time) |
| Live chat | |
| Tel: +357 25024000 | |
| Email: support@fxopen.eu | |
| Regional Restriction | USA |
FXOpen Information
FXOpen is a trading name of FXOpen EU Ltd, is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 194/13. FXOpen offers retail and professional trading available markets including indices, commodities, forex, shares, cryptos, and ETFs through MT4, MT5, TickTrader, and TradingView platforms.
Pros & Cons
| Pros | Cons |
| Regulated by CySEC | US clients are not accepted |
| Negative balance protection | No copy trading |
| Many instruments available | High minimum deposit |
| Demo accounts | Withdrawal fees charged |
| MT4 and MT5 platforms | |
| Live chat support |
Is FXOpen Legit?
Yes, FXOpen is regulated by Cyprus Securities and Exchange Commission (CySEC).
| Regulated Country | Regulated by | Regulated Entity | License Type | License Number |
 | CySEC | FXOpen EU Ltd | Market Making (MM) | 194/13 |
Market Instruments
Indices, commodities, forex, shares, cryptos, ETFs... FXOpen allows clients to access 700+ trading markets.
| Trading Assets | Available |
| Indices | ✔ |
| Commodities | ✔ |
| Forex | ✔ |
| Shares | ✔ |
| Cryptos | ✔ |
| ETFs | ✔ |
| Bonds | ❌ |
| Options | ❌ |
Account
FXOpen only offers a single account type - ECN trading account, with a minimum deposit requirement of 300 USD or EUR. You can find detailed info about account features in the table and screenshot below:
| ECN Trading Account Features | |
| Min Deposit | $/€300 |
| Max Leverage | 1:30 |
| Spread | Floating from 0 pips |
| Commission | From $1.5 per lot |
| Demo Account | ✔ |
Leverage
The maximum leverage offered by FXOpen is 1:30. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spreads & Commissions
The EUR/USD spread is floating around 0.2 pips. If you are interested in spreads on other trading instruments, you can find detailed spread info on its homepage: https://fxopen.com/en-cy/
As for commissions, if your account balance is below $1,000, the commission for forex trading is $3.5 per lot, while $1.5 per lot for account balance over $250,000+. Visit https://fxopen.com/en-cy/pricing/ to find more specific info on commissions on other trading instruments.
| ECN Account - FX Commission | |
| Account Balance | Commission |
| Below $1,000 | $3.5 per lot |
| $1,000 - $25,000 | $2.5 per lot |
| $25,000 - $250,000 | $1.8 per lot |
| $250,000+ | $1.5 per lot |
Trading Platforms
As for the trading platform, FXOpen provides its clients with many options. There are public platforms such as MT4/5 and TradingView that have served many clients worldwide, also FXOpen's own platform TickTrader.
If you didn't want to spend time familiarizing yourself with a new platform, you can choose MT4/5 and TradingView. But FXOpen's own platform provides better compatibility with businesses, as they are specially developed and customized platforms. The choice is yours.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Windows, MacOS, Web, iOS, Android | Beginners |
| MT5 | ✔ | Windows, MacOS, Web, iOS, Android | Experienced traders |
| TickTrader | ✔ | MacOS, Windows, Linux, Web, iOS, Android | / |
| TradingView | ✔ | Windows, Web, iOS, Android | Beginners |
Deposit & Withdrawal
In terms of deposit and withdrawal, like many good brokers, FXOpen provides a detailed form with important information about payment methods, accepted currencies, minimum/maximum amount, fees, and processing time. The feasible payment methods are Bank Transfer, Visa/MasterCard, and Easy bank transfer.
Deposit
| Deposit Method | Min Deposit | Max Deposit | Deposit Fee |
| Visa/MasterCard | 0.01 EUR, 1 USD | 1,000 EUR/USD | ❌ |
| Easy Bank Transfer | 20,000 EUR/GBP | 50 EUR/GBP | ❌ |
Withdrawal
| Withdrawal Method | Min Withdrawal | Max Withdrawal | Withdrawal Fee | Withdrawal Time |
| Bank Transfer | 15 EUR, 30 USD, 15 GBP | No limit | 15 EUR, 30 USD, 15 GBP | 1-3 business days |
| Visa/MasterCard | 1 EUR/USD | 1,000 EUR/USD | ❌ | 2-5 business days |
| Easy Bank Transfer | 10 EUR/GBP | 20,000 EUR/GBP | ❌ | / |
Note: Withdrawal forms received before 12:00 (GMT) will be processed on the same business day. If these are received after 12:00 (GMT) or the weekend, they will be processed the next business day.
Customer Support
FXOpen does not offer 24/7 customer support. Customer service time is only available from 9 am to 8 pm (Eastern European Time) by live chat, phone, and email. You can also follow FXOpen on some social media platforms such as YouTube, Facebook, X, Telegram, LinkedIn, and Instagram.
| Service Time | 9 am - 8 pm (Eastern European Time) |
| Live Chat | ✔ |
| Phone | +357 25024000 |
| support@fxopen.eu | |
| Address | 38 Spyrou Kyprianou Street, CCS BLDG - Office N101, 4154 Limassol, Cyprus |
| Social Media | YouTube, Facebook, X, Telegram, LinkedIn, Instagram |
forex-exchange
| FOREX EXCHANGEReview Summary | |
| Founded | 2004 |
| Registered Country/Region | Japan |
| Regulation | Regulated |
| Market Instruments | Currencies |
| Demo Account | ✅ |
| Leverage | / |
| Spread | / |
| Trading Platform | MT4 |
| Min Deposit | / |
| Customer Support | Phone: 0120-555-729 |
| Email: support@forex-exchange.co.jp | |
| Physical Address: 〒 103-0025Tokyo chuo ward kaya, the nihonbashi 2-1-1 second securities pavilion | |
FOREX EXCHANGE Information
FOREX EXCHANGE, incorporated in Japan in 2004. Currently regulated by the FSA, it allows traders to trade currency pairs through MT4 and supports free trading fees. But it did not provide specific information about the accounts.
Pros and Cons
| Pros | Cons |
| Regulated by FOREX EXCHANGE | No account details |
| Support MT4 | |
| Transaction fee, stop loss fee and account maintenance fee are 0 yen |
Is FOREX EXCHANGE Legit?
| Regulated Country/Region |  |
| Regulated Authority | FSA |
| Regulated Entity | FOREX EXCHANGE株式会社 |
| License Type | Retail Forex License |
| License Number | 関東財務局長(金商)第293号 |
| Current Status | Regulated |
What Can I Trade on FOREX EXCHANGE?
It can mainly trade 25 currencies.
| Tradable Instruments | Supported |
| Currencies | ✔ |
| Precious metals & Commodities | ❌ |
| Indices | ❌ |
| Stocks | ❌ |
| Bonds | ❌ |
| ETF | ❌ |
Account Types
The account opening process is as follows, consisting of four steps. You may refer to:
FOREX EXCHANGE Fees
Transaction fee, stop loss fee and account maintenance fee are 0 yen. Deposits of more than 1 billion yen will be charged.
Trading Platform
FOREX EXCHANGE offers MT4 for trading on desktop, mobile and tablet.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Desktop, Mobile, Tablet | Beginner |
| MT5 | ❌ |
Deposit and Withdrawal
Withdrawals must be made from the website and can only be made in Japanese yen.
The withdrawal fee is free in principle. For withdrawals of less than 10,000 yen and withdrawals of more than 5 times per month, 540 yen will be charged per withdrawal.
The money will be remitted to your registered financial institution account within 4 working days.
Deposits can be made through regular bank transfers and fast deposits, with no minimum amount limit. Payment in Japanese yen only.
Do fxopen and forex-exchange have lower transaction costs?
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive fxopen and forex-exchange are, we first considered common fees for standard accounts. On fxopen, the average spread for the EUR/USD currency pair is from 0.0 pips, while on forex-exchange the spread is --.
Which broker between fxopen, forex-exchange is safer?
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
fxopen is regulated by CYSEC,FCA,FSPR,ASIC. forex-exchange is regulated by FSA.
Which broker between fxopen, forex-exchange provides better trading platform?
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
fxopen provides the Elite ECN,Advanced ECN,Classic ECN,Basic platform with products like --; forex-exchange offers the -- platform featuring assets including --.
