FXOpen UK is located in London and authorised and regulated by the Financial Conduct Authority (FCA) under FRN: 579202 in the United Kingdom.
All client funds are fully segregated from FXOpen’s own funds in accordance with FCA Client Asset Rules.
Client funds are held in segregated accounts at Barclays Bank Plc or Lloyds Bank Plc in London.
All retail clients of FXOpen UK, whether you are a UK citizen or not, have their funds fully protected up to £85,000 by the FSCS in the event that FXOpen UK is unable to return client money. More details can be found at: www.fscs.org.uk .
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FXOpen is an ECN forex broker offering a range of CFD instruments using the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms. This review will cover account types, fees, minimum deposits, and more. Find out if you should sign up with FXOpen
FXOpen started as an educational centre offering courses within financial markets. Then in 2005, a group of traders turned the company into a global brokerage with offices in the UK, Russia, New Zealand, and Australia. Today, the broker’s thousands of traders can be found everywhere from Canada and Germany to Vietnam and Nigeria.
The FXOpen group operates under FX Markets Limited, a company registered in Charlestown, Nevis. FXOpen UK is authorised and regulated by the Financial Conduct Authority (FCA). FXOpen Australia is regulated by the Australian Securities and Investments Commission (ASIC)
FXOpen started as an educational centre offering courses within financial markets. Then in 2005, a group of traders turned the company into a global brokerage with offices in the UK, Russia, New Zealand, and Australia. Today, the broker’s thousands of traders can be found everywhere from Canada and Germany to Vietnam and Nigeria.
The FXOpen group operates under FX Markets Limited, a company registered in Charlestown, Nevis. FXOpen UK is authorised and regulated by the Financial Conduct Authority (FCA). FXOpen Australia is regulated by the Australian Securities and Investments Commission (ASIC)
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Yes, the brokerage holds licenses with the FCA in the UK and the ASIC in Australia. These are two of the most respected agencies and a strong indicator that FXOpen is trustworthy.
Although FXOpen is aimed at both beginners and expert traders, there are limited resources available for beginners to learn how to trade. FXOpen also requires a minimum starting capital of £300 which is relatively high.
Leverage is available up to 1:30 for forex, indices, and commodities, while leverage rates up to 1:2 are available for cryptocurrencies.
You can trade on 50+ FX markets, nine global indices, five commodities, and 40+ cryptocurrencies at FXOpen.
From the broker’s website, you can choose to either open a Live Account or a Demo Account from the top right-hand corner. You will need to select which account type you wish to trade and verify your identity and proof of address.
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