FXOpen Review 2026
Regulated broker with real licence numbers.
FXOpen is a regulated CFD broker founded in 2005. It holds a FCA licence under number 579202.
The basics
FXOpen was founded in 2005 and is headquartered in London, UK. It is privately owned. The broker offers CFDs on 700 instruments across forex, indices, commodities, and crypto. All positions are contracts for difference — there is no real asset ownership.
MetaTrader is available on all account types. Copy trading is not offered.
| Founded | 2005 |
| Headquarters | London, UK |
| Instruments | 700+ |
| Platforms | MT4, MT5, TickTrader |
| MetaTrader | Yes — MT4 and MT5 |
| Copy trading | No |
| Real stocks | No — CFDs only |
Is FXOpen safe?
FCA-regulated brokers must keep client funds in accounts segregated from company funds, provide negative balance protection, and contribute to the Financial Services Compensation Scheme (FSCS), which covers up to £85,000 per client if the broker becomes insolvent.
| Regulator | Licence | Entity |
|---|---|---|
| FCA | 579202 ✓ | FXOpen UK Ltd |
| ASIC | 383842 ✓ | FXOpen AU Pty Ltd |
| FSA | SD025 ✓ | FXOpen Markets Ltd |
You can verify the FCA licence at register.fca.org.uk. The registration shows the entity name, authorisation status, and full permissions list. It takes under a minute.
FXOpen spreads
These are the typical spreads on FXOpen's standard account. Spreads vary by market conditions and account type. ECN or raw-spread accounts offer lower spreads in exchange for a per-trade commission.
| EUR/USD | From 0.0 (ECN) + commission pips |
| GBP/USD | 0.3 pips pips |
| USD/JPY | 0.1 pips pips |
| Gold (XAU/USD) | 15c/oz |
| S&P 500 | 0.4pt |
FXOpen's EUR/USD spread of From 0.0 (ECN) + commission pips is wider than ECN-first brokers but typical for a commission-free account.
FXOpen withdrawal fee and processing time
Fee: None. FXOpen does not charge deposit or withdrawal fees. Your payment provider may apply their own transfer fees.
Processing time: 1 to 3 business days. E-wallet and card withdrawals are typically faster than bank wire transfers.
Withdrawal requests must pass identity verification before processing. If your account is not yet fully verified (proof of identity and address submitted), expect additional delays. Verified accounts follow the standard processing times above.
FXOpen minimum deposit by entity
The minimum deposit depends on which FXOpen entity serves your country. Offshore entities often allow lower minimums but with less regulatory protection.
| Entity | Regulator | Min deposit | Max leverage (forex) |
|---|---|---|---|
| FXOpen UK Ltd | FCA 579202 | $1 | 1:30 |
| FXOpen AU Pty Ltd | ASIC 383842 | $1 | 1:30 |
| FXOpen Markets Ltd | FSA SD025 | $1 | 1:500 |
FXOpen vs eToro
| FXOpen | eToro | |
|---|---|---|
| Primary regulator | FCA 579202 | FCA 583263 |
| Min deposit | $1 | $50 |
| EUR/USD spread | From 0.0 (ECN) + commission pips | 1.0 pips |
| MetaTrader | Yes | No |
| Instruments | 700+ | 3,000+ |
| Copy trading | No | Yes |
| Withdrawal fee | None | $5 per withdrawal |
Both brokers are regulated and legitimate. FXOpen suits traders who value MetaTrader and algorithmic trading. eToro is better for traders who prioritise its specific regulated entity coverage.
Regulation — the numbers that matter
| FCA | 579202 — FXOpen UK Ltd |
| ASIC | 383842 — FXOpen AU Pty Ltd |
| FSA | SD025 — FXOpen Markets Ltd |
Leverage for retail clients in the EU and UK is capped at 1:30 on major forex pairs under ESMA rules. The offshore entity offers up to 1:500, but with lighter regulatory protection.
Pros and Cons
What works
- FCA regulated — FXOpen UK Ltd
- Very low minimum deposit ($1)
- MetaTrader 4 and 5 available
- No inactivity fee
- Tight EUR/USD spread from 0 pips
- Regulated in 3 jurisdictions
What does not work
- No copy trading
- No real stock ownership — CFDs only
- High leverage only via offshore entity
The verdict
FXOpen is a legitimate, regulated broker. The FCA licence number 579202 is verifiable on the public register. It is best suited for traders who want MetaTrader on a regulated platform. Rating: 4.0 out of 5.
Alternatives to FXOpen
If FXOpen does not fit your needs, these regulated alternatives are worth comparing:
Frequently asked questions
Is FXOpen safe?
FCA-regulated brokers must keep client funds in accounts segregated from company funds, provide negative balance protection, and contribute to the Financial Services Compensation Scheme (FSCS), which covers up to £85,000 per client if the broker becomes insolvent. FXOpen holds FCA licence 579202, which is publicly verifiable on the official register.
What is the FXOpen minimum deposit?
The minimum deposit is $1. This applies to the main regulated entity. Some offshore entities may differ. See the entity table above for full breakdown.
What is the FXOpen EUR/USD spread?
The EUR/USD spread on FXOpen standard accounts is typically From 0.0 (ECN) + commission pips. Spreads vary with market conditions. ECN or raw accounts offer lower spreads with a per-trade commission instead.
How long does FXOpen take to process withdrawals?
1 to 3 business days. E-wallet and card withdrawals are typically faster than bank wire transfers.
Does FXOpen charge withdrawal fees?
None. FXOpen does not charge deposit or withdrawal fees. Your payment provider may apply their own transfer fees.
Does FXOpen have MetaTrader?
Yes. FXOpen supports both MT4 and MT5 on all account types. This allows automated trading, custom indicators, and expert advisors.