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FxOpen

United Kingdom United Kingdom
Forex & CFDs · since 2005
FCACySECNeviswhat are these? →
2.5
/ 5 ★
RegulationFCA, CySEC, Nevis
Min. deposit$100
Leverage1:1 – 1:500
PlatformsMT4, MT5, TickTrader
InstrumentsForex & CFDs
Founded2005
🏛️ Which entity will open your account?
📍 Pick your country above and we'll tell you exactly which entity opens your account at FxOpen.
How is this decided and how do I verify it? →

Regulation by region

The entity you sign with — and your protection — changes depending on where you live.

United Kingdom
FCA + FSCSECN/STP
FXOpen Ltd (FRN 579202) — FSCS up to £85,000. The most solid arm. Verify the official domain (there are clones)
European Union
⚠ CySEC but owner indictedECN/STP
FXOpen EU Ltd (194/13) — ICF up to €20,000. Red flag: Jul 2024 CySEC suspended the rights of shareholder A. Klimenka, charged in the US with money laundering tied to BTC-e
United States
Doesn't provide services
No NFA/CFTC registration
Australia
⚠ ASIC license CANCELLED
ASIC cancelled AFSL 412871 (Sep-2024) for serious deficiencies. Not authorized in Australia
Rest of the world
Offshore Nevis (no scheme)ECN/STP
FXOpen Markets Limited (Nevis, C 42235) — no strong regulator and no compensation. Holding of the owner charged with BTC-e money laundering

All licenses

Every regulator where the group holds a license, with its execution model. The entity that applies to you depends on your country (see above).

United KingdomFCARegulatedECN/STPFRN 579202
CyprusCySECWarningECN/STP194/13
AustraliaASICCancelledECN/STP412871
St. Kitts and NevisNevisOffshoreECN/STPC 42235

Account types

ECNmain, ECN execution, spreads from 0.0 + commission (~$1.50/lot)
STPdirect processing, floating spreads, no commission
CryptoCryptocurrency CFDs
Microentry-level, from $1

Pros

✓Competitive costs

Cons

✗No tier-1 regulation (offshore)
✗Questionable transparency
✗Damaged reputation
✗Very high leverage (more risk)

Breakdown by axis

The total score (out of 100) is the sum of the 7 axes, with the same yardstick for everyone. Below each one, the rationale with its source.

Regulation: Offshore6/22 pts
Why: FCA 579202 (UK) + CySEC, BUT ASIC 412871 CANCELLED (Sep 2024); the bulk of worldwide retail via FXOpen Markets (Nevis, unregulated, only Financial Commission)
Withdrawals / payments: Isolated complaints10/20 pts
Why: no documented systemic denial pattern (withdrawal data couldn't be verified); the serious problem is integrity, not withdrawals
Fund safety: Segregated (no compensation)8/15 pts
Why: segregated UK/EU (Barclays/Lloyds) + FSCS GBP85k; the Nevis entity with no statutory segregation or compensation
Transparency: Misleading0/10 pts
Why: SERIOUS: owner Aliaksandr Klimenka charged by the US DOJ with money laundering (BTC-e case, Feb 2024); CySEC suspended his voting rights; CFTC fine 2011
Reputation: Damaged0/10 pts
Why: founded 2005; owner charged with money laundering + ASIC license canceled; Trustpilot ~3.8 (~430 reviews)
Costs: Competitive8/8 pts
Why: ECN Raw 0.0 pip + $1.5-3.5/side; min $100

Flags detected

🚩[regulation] offshore -> FCA 579202 (UK) + CySEC, BUT ASIC 412871 CANCELLED (Sep 2024); the bulk of worldwide retail via FXOpen Markets (Nevis, unregulated, only Financial Commission)
🚩[transparency] misleading -> SERIOUS: owner Aliaksandr Klimenka charged by the US DOJ with money laundering (BTC-e case, Feb 2024); CySEC suspended his voting rights; CFTC fine 2011
🚩[reputation] bad -> founded 2005; owner charged with money laundering + ASIC license canceled; Trustpilot ~3.8 (~430 reviews)

Sources

Don't take our word for it — check it yourself. These are the official registries and legal pages we relied on.

🔗 ⚠ ASIC 24-194MR: cancellation of FXOpen AU's AFSL🔗 FCA registration — FXOpen Ltd (FRN 579202)🔗 ⚠ DOJ: indictment of A. Klimenka (FXOpen, BTC-e) for money laundering

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