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OpenFX

Belarus|5-10 years|
Regulated in Belarus|Retail Forex License|MT4/5 full license|Regional Brokers|

https://en.openfx.by/?_ga=2.233790686.1994811847.1610509165-1257332822.1610509165

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

OpenInvestments-Demo1

Cyprus
MT4
2

Influence

C

Influence index NO.1

Georgia 3.08

MT4/5 Identification

MT4/5 Identification

Full License

2
Server Name
OpenInvestments-Demo1 MT4
Server Location Cyprus

Influence

Influence

C

Influence index NO.1

Georgia 3.08

Surpassed 34.99% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+375 17 336 55 44
openfx@openfx.by,support@openfx.by
https://en.openfx.by/?_ga=2.233790686.1994811847.1610509165-1257332822.1610509165
220116, 104 Dzerzhinsky Ave., Suite 803B Minsk, Belarus

Licenses

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

Single Core

1G

40G

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OpenFX · Company Summary

Registered Country/Region Belarus
Regulation NBRB
Minimum Deposit 100 USD/EUR
Maximum Leverage 1:200
Minimum Spreads From 0.0 pips
Trading Platform N/A
Demo Account Yes
Trading Assets currency pairs, commodities, oil markets, and stock indices
Payment Methods Bank Transfer, Bank Cards
Customer Support Phone, Email

General Information & Regulation

OpenFX is a Belarus-based provider of foreign exchange and commodities trading services, which started successfully completing its first trades on the foreign exchange market in 2004, launched a multi-stage program for trader development in 2017, and began offering investment solutions on the Belarusian and Russian markets.OpenFX currently holds a National Bank of Belarus (NBRB) retail Forex license (license number: 192612632).

Market Instruments

OpenFX offers investors a small range of investment assets, mainly currency pairs in the Forex market, commodities, oil markets, and stock indices.

market-instruments

Minimum Deposit

Three trading account options are available on OpenFX platform: the classic, the pro and the premium accounts. The minimum initial deposit for a standard account is 100 USD/EUR, while the initial deposit for the pro and premium accounts is both 1000 USD/EUR.

account-types

Spreads & Commissions

Spreads start from 0.0 pips for all three accounts, and commission starts from 0.01% for Pro accounts (round turn), 0.03% for Premium accounts (round turn), and 0.13% for Investment accounts.

Deposit and withdrawal

Deposit and withdrawal can be done through bank transfer and bank card. The minimum deposit via bank transfer is $100 with service fee depended on traders' bank, and minimum withdrawal amount is $50, $5 deducted from withdrawal amount; Trader who deposit and withdraw funds through bank card with a minimum amount of $10, up to 2.5% deposit fees.

deposit-withdrawal
Trading Platforms

Customer Support

OpenFX support a wide range of languages including English, Arabic, Farsi, Turkish, Spanish, Portuguese, French, German, Russian, Thai, Malay, and Indonesian.

You can reach out to FX Open through phone, email. Here are some contact details:

Telephone: +375 17 336 55 44

Email: support@openfx.by

Company Address: 220116, 104 Dzerzhinsky Ave., Suite 803B Minsk, Belarus

Educational Resources

Here you can find some educational resources that may helpful to your forex trading, which including Courses, Online Trading, Videos.

Pros & Cons

Pros Cons
Three types of trading accounts to choose from Deposit & withdrawal fees charged
Accpetable minimum deposit No online chat available
Competitive trading costs Limited payment mthods
Multilingual customer support
Excellent educational resources
High leverage
Demo accounts available

Frequently Asked Questions

Does Open FX offer a demo account?

Yes, Open FX does offer a free demo account for beginners to practice forex trading in a 100% risk-free environment.

What is the minimum deposit requirements to open a live account with FX Open

The minimum deposit is $100.

Does Open FX offer leverage?

Yes, the maximum trading leverage offered by Open FX is up to 1:200.

What payment methods does Open FX support?

Open FX supports payments through

What trading platform does Open FX provide?

No clear information about this part

What types of trading accounts does FX Open provide?

There are three types of trading accounts on offer:

  • Standard

  • Professional

  • Premium

Broker Information

Company Name

Open Investments LLC

Company Abbreviation

OpenFX

Regulatory Status

Regulated

Platform registered country and region

Belarus

Company address
  • 220116, 104 Dzerzhinsky Ave., Suite 803B Minsk, Belarus

Linkedin

--

WhatsApp

--

QQ

--

WeChat

--

Customer Service Email Address
  • openfx@openfx.by,support@openfx.by

  • support@openfx.by

  • openfx@openfx.by

Company Summary

User Reviews

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User comment

3

Comments

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FX1044735726
more than one year
Although I have not dealt with this company, I think their transaction costs are a bit high! I pay spreads, commissions and for deposits and withdrawals. Many companies have free deposits and withdrawals. I'm going to open a demo account and try it out.
2022-11-24 18:28
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0
0
中航光电-李宏谦
more than one year
I opened a demo account on this platform, and trading conditions seems pretty good, then I stopped, not depositing my real capital in…
2022-11-21 18:25
Reply
0
0
明天更美好15531
more than one year
The cost is simply too much. In addition to the spread fees and commission fees that most brokers charge, they also charge high deposit and withdrawal fees.
2022-11-17 16:04
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0
0
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