Top Options
90%/ 100
Type of Broker: Forex Broker
Regulated: FCA
Min Deposit: $300
US Clients:
Number of Assets: 70+
Leverage: 1:500
Free Demo Account:
Trading Platform: MT4, Web-Based and Mobile Trading
Types of assets: Currencies, Stocks, Indices, Commodities, Bonds, ETFs, Equities, Options
Payment METHOD NAME Charge Time
Credit Card 8-10% 3-4 days
Debit card 1-5% 4-5 days
Fast Bank Transfer 1.5% 2-3 days
Neteller None 1-2 days
Skrill one 3-4 days

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Full Review

FXOpen UK is a forex brokerage brand, which offers margin-based trading services in currencies, metals and CFDs. The broker is authorized and regulated by the Financial Conduct Authority (FCA) under FRN: 579202 in the United Kingdom.

All client funds are fully segregated under FCA Client Asset Rules “CASS” and are held in separate accounts to FXOpen’s own funds.

All retail clients of FXOpen UK, whether you are a UK citizen or not, have their funds fully protected up to £50,000 by the FSCS in the event that FXOpen UK is unable to return client money.

FXOpen UK offers traders an opportunity to trade in a variety of assets including currency pairs, commodities, and CFDs, among others.

TRADING PLATFORM FEATURES

The trading platform on FXOpen UK is the MetaTrader 4, which is the world’s most popular trading platform. With its advanced technology, fully customizable features, EA integration and fast execution, it is the ideal platform for all types of trader.

With MT4 WebTrader you simply login through a web browser with no need to download the MetaTrader application.

With the MT4 mobile app you can trade on your IOS or Android smartphone and tablet from anywhere with an internet connection. The App has all the essential features of the MT4 Desktop application allowing you full access to your trading account.

ACCOUNT TYPES AND INFORMATION

Traders can maintain two main types of accounts on FXOpen UK:

ECN Accounts

This account type requires a minimum deposit of $300, £200 or €300. It comes with a leverage of 1:500 while the minimum trade volume is set at 0.01 lot.

Through the ECN accounts, FXOpen traders can trade on the true variable interbank spread from 0 pips while paying a small commission from $1.5 to FXOpen UK for the ECN services. In addition to 50 Forex pairs, you can also trade Gold, Silver, CFD Indices and Energy all within one account.

STP Accounts

With a minimum deposit of $300, €300, £200, traders can already start trading from an STP account. The STP account combines the advantage of real time market execution with the commission built into the price already. Although the minimum transaction size can be as small as 0.01 lot, the leverage ratio is up to 1:500.

Demo accounts

In addition, to give novices a chance to experience the fell of live trading, FXOpen UK has very generously provided them with a free demo account facility. Traders just need to register (without any obligation) to gain access to the demo account facility.

Trading Instruments, COMMISSIONs & SPREADS

The commissions that are payable on 1 lot when trading from an ECN account depend on the trading volume and start from 1.5 units of the base currency. The spreads are very tight and start from 0.0 pips. Trading Instruments available: 50+ FX pairs, metals, CFD Indices and Commodities.

As for STP trading accounts, the spreads which are payable depend on the market liquidity are still low, and the commission is already included in the price. As for the trading instruments, the clients can trade with 50 Forex pairs and metals on STP account.

Hedging, scalping, news trading and EAs are allowed for both account types.

CUSTOMER SUPPORT

Customer support on FXOpen UK can be accessed via: