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