Global Broker governance & inquiry App

Score

0123456789
.
0123456789
0123456789
/10

FXOPEN

Australia|5-10 years|
Suspicious Regulatory License|White label MT4|High potential risk|

https://www.fxopen.com.au/en/

Website

Rating Index

MT4/5 Identification

MT4/5

White Label

FXOpen-ECN Demo Server

United Kingdom
MT4
2

Influence

C

Influence index NO.1

South Africa 5.25

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
FXOpen-ECN Demo Server MT4
Server Location United Kingdom

Influence

Influence

C

Influence index NO.1

South Africa 5.25

Surpassed 84.00% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+852 (+61) 8 6557 8587
support@fxopen.com.au
https://www.fxopen.com.au/en/
Level 25 108 St Georges Terrace Perth WA 6000 Australia

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Disclosure

Danger

ID BAPPEBTI
2022-02-02
Ministry of Trade Blocks 1,222 Illegal Commodity Futures Trading Websites
FXOPEN
VZN FOREX
SANDWIND GLOBAL

Contact number

English

+852 (+61) 8 6557 8587

Broker Information

More

Company Name

FXOpen AU Pty Ltd

Company Abbreviation

FXOPEN

Platform registered country and region

Australia

Company website
Facebook
Instagram
Linkedin

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 2
Previous Detection : 2024-04-18
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The AustraliaASIC regulation (license number: 412871) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

Users who viewed FXOPEN also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

STARTRADER

8.54
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

HFM

8.25
Score
10-15 yearsRegulated in CyprusMarket Making(MM)MT4 Full License
Official website

GO MARKETS

8.97
Score
Above 20 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

FXOPEN · Company Summary

GENERAL INFORMATION AND REGULATION

FXOpen AU is a trading name of FXOpen AU Pty Ltd. FXOpen AU Pty Ltd claimed to be authorized and regulated by the Australian Securities & Investments Commission (ASIC). AFSL 412871 – ABN 61 143 678 719. FXOpen is an ECN forex broker offering a range of CFD instruments using the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms. FXOpen started as an educational centre offering courses within financial markets. Then in 2005, a group of traders turned the company into a global brokerage with offices in the UK, Russia, New Zealand, and Australia. Today, the brokers thousands of traders can be found everywhere from Canada and Germany to Vietnam and Nigeria. The FXOpen group operates under FX Markets Limited, a company registered in Charlestown, Nevis.

MARKET INSTRUMENT

FXOpen offers four key markets:

• Currencies – Trade over 50 major, minor, and exotic currency pairs.

• Indices – Trade nine global indices including the FTSE 100 and S&P 500.

• Commodities – Trade on energy and metals such as gold, silver, and crude oil.

• Cryptocurrencies – Trade over 40 crypto CFDs including Bitcoin, Ethereum, and Ripple.

• Shares.

ACCOUNT AND LEVERAGE

There are three account types available for UK customers: STP, ECN, and Crypto. Tradeable instruments with the STP account are forex, gold, and silver. With the ECN account, you can trade forex, gold, silver, indices, and energy. With the Crypto account, you can trade cryptocurrencies.

The minimum deposit across all three accounts is 300 GBP, USD, or EUR, which is fairly high compared to the likes of XM Trading and IC Markets. There are no commissions with the STP account, however, a commission is charged from $1.50 per lot in the ECN account and 0.5% half-turn in the Crypto account. Leverage goes up to 1:30 in the STP and ECN accounts and remains at 1:2 for the Crypto account. The minimum transaction size across all three is 0.01 lots.

FXOpen also offers PRO versions of the STP, ECN, and Crypto accounts, with higher leverage of 1:500 and lower commission rates. Details of this can be found in the Pro tab at the top of the brokers website.

SPREADS AND COMMISSIONS

Trade forex, indices, commodities and cryptocurrency derivatives with competitive spreads from 0.0 pips, low commissions and negative balance protection

with FXOpen AU as your true ECN broker

TRADING PLATFORM AVAILABLE

FXOpen was the first broker to offer ECN and STP trading via MetaTrader 4 (MT4), an award-winning platform that boasts instant trade execution at competitive prices.

MT4 is ideal for both beginners and experts and offers a range of customisable features. MT4 is available for download on Windows PCs and can be accessed from the Platforms page on the brokers website.

FXOpen also offers the MetaTrader 5 (MT5) platform, offering all the features of MT4 with several additional benefits:

• 80+ built-in indicators & graphical objects for technical analysis

• 21 timeframes to track price movements

• Multi-currency strategy tester

• Netting & hedging allowed

• Economic calendar

Note, cryptocurrency trading is not available on MT5.

For non-UK customers, FXOpen also offers TickTrader, a brand new trading platform offering much of the same features as MetaTrader and more. Using one trading account – TickTrader ECN, the platform is suitable for both beginners and experts.

DEPOSIT AND WITHDRAWAL

FXOpen offers several deposit options in USD, EUR, or GBP. Whilst some options are free, there are some fees to be aware of:

• Bank wire transfer – Free

• Credit/debit cards – Free

• Webmoney – 3.5%

• Trustly – Free

• Neteller – 1%

• Skrill – 2%

Minimum deposits range from 10 GBP, USD, or EUR for cards and go up to 300 for wire transfer. For Webmoney, Trustly, Neteller, and Skrill, minimum deposits in the chosen currency are 50.

There is no maximum deposit limit for wire transfer. For cards, the limit is 15,000 (GBP, USD, or EUR) and for e-wallets, maximum deposits are either 10,000 or 20,000.

Withdrawal methods and fees are as follows:

• Bank wire transfer – Free for GBP, 30 USD, or 15 EUR

• Credit/debit cards – Free

• Webmoney – 3.5%

• Neteller – 1%

• Skrill – 2%

Withdrawal times for bank wire transfer usually take 1 – 3 business days, whilst cards take 2 – 5 business days. The minimum withdrawal for bank wire transfer is 50 GBP, USD, or EUR, and for all other methods, the minimum is 10. There is no maximum withdrawal limit for bank transfers, but for card withdrawals, the limit is set at 15,000 GBP, USD, or EUR. All other methods are either 10,000 or 20,000.

CUSTOMER SERVICE

There are several ways traders can contact FXOpen customer support:

Customer Support

8am-6pm (Sydney Time)

support@fxopen.com.au

(+61) 8 6557 8587

Trading Desk

7am Monday - 7am Saturday (Sydney Time)

trading.desk@fxopen.com.au+(61) 2 6145 2042 (ext. 117)

Media Enquiries

lp@fxopen.org

(+61) 8 6557 8587

• Live chat including WhatsApp & Facebook Messenger – located in the bottom right-hand corner of the website

User comment

0

Comments

Write a review

No comment yet

start to write first comment

TOP
Select Country/District
United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com