FXOpen is yet other handy forex trading platforms that offer ECN and MT4 account options. The company is based in Mauritius, and it was established in 2005. A lot of traders are now moving to FXOpen due to the popularity of this platform.
Pros and Cons
Pros:
• True display of DOM and ECN account. A trader will get best possible ask and bid price.
• Execution is very fast.
• Multiple accounts can be maintained for the multiple usage.
Cons:
• No credit card is accepted for deposit.
• It is not a regulated platform.

Facts sheet
1. Spread: The FXOpen provides several types of accounts. In micro and standard account, a fixed level of spread is provided, which is between 2-4 pips. We can’t criticize this, and this is what prevailing in the industry. In ECN account, a trader can easily communicate with other clients. A market place is provided to all participants where they can compete with each other. They can provide various options to attract customers. All the trading takes place in a real time which gives the opportunity to trade and execute strategies at the right time.
2. Leverage: Although it is dependent on the type of account, the leverage is limited up to 500:1.
3. Commission: The account which has fixed spreads won’t come under the commission system. However, in the ECN account, a small portion of a fee is charged.
4. Minimum Deposit: For the micro account, the minimum account limit is $1and for the standard account it is $25. Deposit and withdrawal can be made from various sources like wire transfer, cashU, WebMoney, and PerfectMoeny.
5. Bonuses: A varied amount of bonuses is provided, which included welcome bonus on fixed spreads.
6. Trading Platform: FXOpen is using a very reliable trading platform which is Meta Trader 4. This is also accessible through smart phones.
7. Support: Support is available 24/5 through various communication channels like Skype, live chat, and direct calls.
8. Citizenship: No restriction on citizenship.
9. Currency pairs: The platform trades with over 28 currency pairs.
Conclusion
As per my review, I am very happy with FXOpen. The customer service is great, spread is very good, and execution is very fast. Some people doubt about this platform as it is not regulated. However, those who are working with it never found any bad issue. Without regulation, it is offering best possible services.

FXOpen is the world’s most recognized Forex brokers with huge customers. Since it start his journey, it has become largest company with having global potential, dynamism and efficient employees, these issues are the key reason of financial growth of its client and the company’s rapidly growth. FXOpen started as an educational institution in Cairo in the year of 2003, aimed to train in the section of technical analysis of a Forex and stocks. In the year of 2005, FXOpen was known as FX training services provider as well as Forex broker. This is a actually a good mixer, consist of one side, FX broker has been already exist in the market, and other side, this broker spreading the knowledge of online forex trading, this is obviously a great contribution of FxOpen to their customers. In this way, you may become a successful trader at FXOpen. Students and beginner also play role in the FxOpen as it needs only $1 for micro account and $25 for standared account. Furthermore, there is demo account available who wants check them out by themselves. .
It easy to opening an account .You has to just fill up a simple form and select account type and sign for the agreement. After finishing all those procedure, you have deposit on your account and allowed to start trading through Mata trader4.
One problem is that you are not allowed deposit your money through credit card although they have offered seven options such as Western Union, Wire transfer from bank, local deposit, E-Bullion, Liberty Reserve, CashU, E-gold or WebMoney.
From the beginning of FXOpen, for Muslim traders it stood leading trading service. The company always tries to give emphasis on different trader from different culture and religious.
FXOpen introduce us with MT4 ECN trading platform that are combination of PAMM accounts. This is useful to execute the flow of operations, safe order, and consistent support.
The website is totally different from others like the way the colors combination, to the knowledgeable information available, to the live streaming trading news The logo of company illustrate bear and bull that is very attractive.
Pros:
-Several option for withdraw and deposit money.
-The spreads are fixed
-minimum required deposit is $1
-execution speeds are very first.
-offered bonuses are good than others.
-it supports MT 4
-good relation with partners through worldwide.

Cons:
Not allowed to pay deposit through Credit card.