Brokers  /  FXOpen

FXOpen

Moderate risk
Saint Kitts and Nevis · 5-10 years · since 2018-11-26 · FXOpen Markets Limited
CYSECFCA
Visit site ↗
—/5
★★★★★ ★★★★★
23 reviews ›
2
Licenses ›
7
Withdrawal issues ›
$100
Min. deposit ›
—
Max leverage ›
4
Account types ›
28/100
Scam risk ›
1
Clone sites ›
Accounts: Elite ECN · $250,000Advanced ECN · $25,000 - $250,000Classic ECN · $1000Basic · $100
▲ 48% positive▼ 13% negative
Independent ratingshow third parties score this broker
WikiFX6.53/10
Trustpilot—/5
Forex Peace Army—/5
28
Moderate risk
Scam Risk Scoremonitored · 2026-07-05
Lower riskHigher risk
  • Authorised by Tier-1 regulator(s): CYSEC, FCA
  • Registered in Saint Kitts and Nevis (offshore, light oversight)
  • 4 user exposure/complaint reports filed
  • Withdrawal complaints in ~30% of recent reviews
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing835%
Company age2215%
Clone / impersonation012%
Withdrawal & exposure complaints9012%
Offshore registration808%
Transparency (site/info/social)2510%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameFXOpen Markets Limited
Headquarters Saint Kitts and Nevis
Founded2018-11-26
Years operating5-10 years
Employees0
Official websitefxopen.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating—
Trading cost rating—
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods · --
Withdrawal methods · --
Instruments--
Registered address
3rd Floor Waverley House, 7-12 Noel Street, London, United Kingdom, W1F 8GQ.

Regulation & licenses · 2

RegulatorLicense typeLicense No.RegionStatus
CYSECMarket Making License (MM)194/13CyprusRegulated
FCAForex Execution License (STP)579202United KingdomRegulated

Account types · 4

AccountMax leverageMin. depositMin. spreadCommissionEA
Elite ECN--$250,000from 0.0FX $1.50 Crypto CFD From 0.03% Index CFD 0% Commodity CFD 0.0018% Shares CFD 0.1%✓
Advanced ECN--$25,000 - $250,000from 0.0FX $1.80 Crypto CFD From 0.05% Index CFD 0% Commodity CFD 0.0018% Shares CFD 0.1%✓
Classic ECN--$1000from 0.0FX $2.50 Crypto CFD From 0.08% Index CFD 0% Commodity CFD 0.0025% Shares CFD 0.1%✓
Basic--$100from 0.0FX $3.50 Crypto CFD From 0.08% Index CFD 0% Commodity CFD 0.005% Shares CFD 0.1%✓

Review analysis AI

Across 23 recent Trustpilot reviews, 13% are 1–2 star. The single most common complaint is being unable to withdraw funds (7 reports) — the classic warning sign in forex. We also found 1 clone site(s) impersonating this brand — a frequent vehicle for scams.

0
Period:
What users complain about
What users praise
Where reviewers are from
Hong Kong4
United Kingdom3
United States3
New Zealand2
Singapore2
Australia2

Real user reviews

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About FXOpen

FXOpen is a forex and CFD broker based in Saint Kitts and Nevis, with records dating to 2018-11-26. It reports oversight from CYSEC, FCA.

FXCanary’s verdict is “Guarded.” There are enough red flags that we’d urge caution before depositing.

Finally, beware of impersonation: we tracked 1 clone website(s) copying FXOpen. Always reach the broker through its verified official domain, never via links in ads or messages.

Overview compiled by FXCanary from regulatory records and public data. full FXOpen review