FXOpen

Review

User Reviews (54)

Rebates

Regulation

Promotions

Symbols

Forum Posts (0)

Written by Jason Peterson

Edited by David Johnson

Fact checked by Angelo Martins

Human moderated by Jason Peterson

Last updated August, 2024

FXOpen Overall rating

4.3

Ranked 43 out of 829 (Forex Brokers)

Overall rating is derived from an aggregate of ratings in multiple categories.

	Rating	Weight
User Rating	4.1 (54 reviews)	3
Popularity	3.8	3
Regulation	5.0	2
Pricing rating	5.0	1
Features	Not rated	1
Customer Support	Not rated	1

FXOpen Profile

Company Name	FXOpen Markets Limited,FXOpen AU PTY Ltd, FXOpen EU, Ltd FXOpen Ltd
Categories	Forex Brokers, Cryptocurrency Brokers, Forex Rebates, Cryptocurrency Rebates
Primary Category	Forex Brokers
Year Founded	2005
Headquarters	St Kitts and Nevis
Office Locations	Australia, St Kitts and Nevis, New Zealand, Russia, United Kingdom
Account Currency	AUD, CHF, EUR, GBP, GLD, JPY, RUB, SGD, USD, BTC, LTC, ETC
Client funds bank	ALFA-BANK
Support Languages	Arabic, Chinese, English, French, German, Hungarian, Indonesian, Italian, Portuguese, Russian, Spanish, Thai, Turkish
Funding Methods	Bank Wire, Bitcoin, Credit/Debit Card, FasaPay, Litecoin, Neteller, POLi, Webmoney, Local Bank Transfer, Bitcoin Cash, Ethereum, AdvCash, Tether (USDT)
Financial Instruments	Forex, Shares, Indices, Oil/Energies, Cryptocurrencies, Metals, ETFs
Prohibited Countries	Iran, United States

24 hour support

Segregated Accounts

Islamic Accounts

Accepts Canadian clients

Accepts Japanese Clients

Non expiring demo

Trading API

Cent accounts

Negative balance protection

Social trading

Regulatory deposit insurance

Trailing stops

Bonuses

Interest on margin

Fixed spread

Variable spread

FXOpen Web traffic

Our web traffic data is sourced from SimilarWeb and sums the traffic data of all websites associated with a broker. Organic visits are visits the broker didn't pay for, based on the available data. This data updates once monthly and can be based on data purchased from internet service providers, traffic metrics sourced by a third party such as Google Analytics that the company chooses to share with SimilarWeb, etc.

Websites	fxopen.com
Organic monthly visits	374,686 (99%)
Organic traffic rank	62 out of 829 (Forex Brokers)
Paid monthly visits	2,336 (1%)
Total monthly visits	377,022
Bounce rate	56%
Pages per visit	2.52
Average visit duration	00:01:26.2860000

FXOpen Account types

	STP	PAMM STP	ECN	PAMM ECN
Commission	-		From 1.5 to 5 units for ECN Accounts
Maximum leverage	500:1	100:1	500:1	100:1
Mobile Platform	MT4 Mobile, MT5 Mobile	-	MT4 Mobile, MT5 Mobile	MT4 Mobile
Trading platform	MT4, MT5, WebTrader	-	MT4, MT5, WebTrader	-
Spread Type	Variable Spread
Minimum Deposit	10	200	100
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	STP
Maximum leverage	500:1
Typical Spread	1 - 1.2
Trading platform	MT4MT5WebTrader
Mobile platform	MT4 MobileMT5 Mobile
Spread type	Variable Spread
Minimum deposit	10
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	PAMM STP
Maximum leverage	100:1
Typical Spread	1 - 1.2
Spread type	Variable Spread
Minimum deposit	200
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	ECN
Commission	From 1.5 to 5 units for ECN Accounts
Maximum leverage	500:1
Typical Spread	0.0-0.4
Trading platform	MT4MT5WebTrader
Mobile platform	MT4 MobileMT5 Mobile
Spread type	Variable Spread
Minimum deposit	100
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	PAMM ECN
Commission	From 1.5 to 5 units for ECN Accounts
Maximum leverage	100:1
Typical Spread	0.0 - 0.4
Mobile platform	MT4 Mobile
Spread type	Variable Spread
Minimum deposit	100
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

FXOpen User Rating

4.1

(54)

FXOpen reviews by verified customers, cashback rebates, expert ratings, spreads & fees, leverage, demo accounts, downloads, trading platforms and more.

_{Please make sure your comments are relevant and that they do not promote anything. Irrelevant comments, including inappropriate or promotional links, and comments containing abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind, will be deleted.}

FXOpen Cashback rebates

Get Cashback

We will beat any competitor offer!*

Cash back rebates are paid per round turn lot unless otherwise specified. 1 Lot = 100,000 base currency units traded.

	STP	PAMM STP	ECN	PAMM ECN
Forex	0.30 Pips		23.33% Of Commissions Paid
Cryptocurrencies	-		23.33% Of Commissions Paid
Payment Options	Monthly Cash Back Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month.

	STP
Forex	0.30 Pips
Payment Options	Monthly Cash Back Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month.

	PAMM STP
Forex	0.30 Pips
Payment Options	Monthly Cash Back Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month.

	ECN
Forex	23.33% Of Commissions Paid
Cryptocurrencies	23.33% Of Commissions Paid
Payment Options	Monthly Cash Back Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month.

	PAMM ECN
Forex	23.33% Of Commissions Paid
Cryptocurrencies	23.33% Of Commissions Paid
Payment Options	Monthly Cash Back Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month.

Notes

PAMM STP Accounts: Manager and investor receive rebates proportionate to the amount invested.

Maximum rebates payable per client: $66.66 per order; $666.66 per day; $6666.66 total.

Rebates are not paid on Micro accounts.

What are FXOpen rebates?

FXOpen rebates are a portion of the transaction cost that is paid back to the client on each trade, resulting in a lower spread and improved win ratio. For example, if your rebate is 1 pip and the spread is 3 pips, then your net spread is only 2 pips.

Many traders initially believe there must be higher costs elsewhere to compensate, however they soon find there is no catch and Forex rebates truly reduce the costs of the transaction and improve their bottom line.

How do FXOpen rebates work?

When you link a new or existing forex trading account to us the broker pays us part of their spread or commission profit for every trade you make as compensation for referring a customer to them. We then share the majority of our revenue with you, paying you a cash rebate for each trade you make as thank you for signing up with us.

Unlike some of our competitors your spreads will never increase as a result of using our service! The only difference is: as our client you earn extra cash per trade, making trading through us more profitable than opening direct with the broker. Founded in 2007, we are the original and leading provider of forex rebates. We pay rebates to over 100,000 accounts and traders love our helpful 24 hour live chat, telephone and email support.

How much FXOpen rebates can I earn?

Use our forex rebate calculator to estimate your FXOpen rebate earnings:

Instrument

Deposit currency

Rebate per lot

Lots traded

You must enter a valid number

EUR.USD 1 Pip Size

Are FXOpen rebates a scam; do my spreads increase?

FXOpen rebates paid by legitimate rebate providers are not a scam, however scams do exist. The most common scam is a rebate provider that marks up the spread or commission in order to pay a higher rebate than competitors. Many brokers do allow a referring party, or rebate provider, to markup costs to traders they refer. Obviously this defeats the purpose of the service provided by the rebate provider and thus jeopardizes the viability of the rebate provider’s reputation and business, so a reliable provider wouldn’t consider this. Besides this, certain rebate providers may not pay on time, or not at all. This is why it’s important to choose a reliable provider.

When working with a trustworthy rebate provider, there is no ‘catch’. It is more beneficial to a trader’s financial position to work with a rebate provider than solely with the forex broker.

Are there any other benefits to signing up for FXOpen rebates?

It depends on the rebate provider. Due to our unique relationship with many brokers, we have often mediated between brokers and clients in order to help successfully resolve client issues, including clients who are having withdrawal issues. Brokers are often very fast to respond to us, since we typically have many clients with them. Our knowledgeable support team is available 24 hours per day in 8 native languages & 23 total languages for any questions. We also offer trading tools, calculators, reviews and a robust forex education section.

How are forex rebates paid?

Because we deal with so many traders in so many different countries and serve 23 languages we have to cover a wide array of options. Here’s what we offer:

Forex rebate options vary per broker:

Monthly cash back	Payments are credited and sent automatically by the 12 of the month following the month rebates are earned in.
Spread or commission reduction	The trader actually receives reduced commissions and/or spreads. This is an exciting option offered by some of our top brokers.
Paid direct to brokerage account	Cashback is credited directly to the trader’s brokerage account, typically between 1-7 days after the trade is closed. This is another exciting options offered by some of our top brokers.

In the case of the ‘Monthly cash back’ rebate option, monthly payments can be paid via bank wire, Paypal, Skrill, Sticpay, China Unionpay, and Neteller. Some payment methods such as bank wire carries fees and often traders set a custom minimum payment amount in order to accumulate rebates and withdraw their rebates less often than monthly.

FXOpen Regulation / Money Protection

5.0

Company	Licenses & Regulations	Deposit Compensation Scheme	Max. Leverage Retail Clients
FXOpen AU PTY Ltd	Australia - AU ASIC		30 : 1
FXOpen EU Ltd	Cyprus - CY CYSEC	up to €20,000	30 : 1
FXOpen Ltd	United Kingdom - UK FCA	up to £85,000	30 : 1
FXOpen Markets Limited St Kitts and Nevis			500 : 1

FXOpen Promotions

FXOpen Symbols

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