General Information & Regulation
FXOpen EU is a trading name of FXOpen EU Ltd. FXOpen EU Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 194/13. FXOpen EU offers retail and professional trading available markets including forex intruments, indices, commodities, shares, etc through popular MT4 & MT5 trading platform.
Market Instruments
FXOpen provides investors with access to popular tradable instruments on the financial markets, including Forex (major, minor, and emerging currency pairs), indices, commodities, stocks, cryptocurrencies.
Minimum Deposit
Two account options are offered at FXOpen platform. The minimum deposit for both accounts is 300 USD/300 EUR, slightly higher than most brokers' initial deposit requirements.
Leverage & Account
Leverage is 1:30 for major currency pairs, 1:20 to 1:30 for minor currency pairs, 1:20 for emerging currency pairs, 1:20 for indices, 1:10 to 1:20 for commodities, 1:5 for stocks, and 1:2 for cryptocurrencies. The difference lies in that ECN accounts can trade currencies, cryptocurrencies, stocks, metals, energies, and index CFDs, while STP accounts can trade only currencies and metals CFDs.
Spreads & Commissions
The main spreads on Forex are 0.2 pips minimum for EURUSD, 0.3 pips minimum for GBPUSD, and 0.3 pips minimum for AUDUSD. Commissions are charged at $3.5 per lot for Forex transactions up to $1000, $2.5 per lot for $1000-$25,000, $1.8 per lot for $25,000-$250,000, and $1.5 per lot for trades over $250,000. The main spreads of the indices: 2.4 pips for the UK 100, 0.9 pips for the U.S. Hakko Tech 100, and 1.7 pips for the Wall Street 30 (Mini). 0.0075% commission for index products trading below $1000, 0.005% commission for $1000-$25,000 and 0.005% commission for greater than $25,000. Major spreads for commodities: 0.31 pips for XAUUSD minimum, 0.02 pips for XGUUSD. Major spreads on stocks: 2.65 pips on Tesla, 0.45 pips on Appl, 0.86 pips on Facebook, 0.01% commission on stocks. Bitcoin has a minimum spread of 62.6 pips with a commission of 0.5% per side.
Trading Platform
FXOpen offers traders the current market-leading and popular MT4 and MT5 trading platforms and VPS and FIX API.
Deposit & Withdrawal
FXOpen offers its users a variety of safe and convenient deposit and withdrawal channels, mainly wire transfer, which supports EUR/USD/GBP with a minimum deposit of 300 EUR/USD/GBP and a minimum withdrawal of 50 GBP/EUR/USD. There is no commission for the wire transfer deposit, but a commission of 15 GBP/EUR/USD30 is required for withdrawal. Besides, Visa/MasterCard is also supported, and this method supports EUR/USD/GBP, the minimum deposit is 50 EUR/USD/GBP, the maximum amount is 10,000 EUR/GBP/USD.
Trading Hours
Trading hours for forex, indices, and commodities run from 22:00 on Sunday to 22:00 on Friday (UK time). All crypto instruments are tradable 24 hours a day, 7 days a week.
Accepetd Regions
FXOpen accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries. Traders can not use FXOpen from Belgium, Japan, United States.
