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FXOpen accounts and how they score

Account range and entry terms feed the rating. Here are FXOpen's accounts and the facts the score is built on.

Facts last checked . Read the full FXOpen review.

Accounts

Minimum deposit
$100
Account types
ECN, PAMM ECN, Islamic/Swap-Free, Demo
Account currencies
USD, AUD, CHF, EUR, GBP, JPY, SGD, GLD
Islamic account
Yes
Demo account
Yes
Professional account
Yes
Minimum trade size
0.01 lots
Time to open
Typically within 48 hours including verification

What this means

FXOpen runs 4 account types. More choice is not automatically better: the tightest headline spread almost always sits on the account that also charges a commission, so the comparison that matters is the two added together.

Base currencies: USD, AUD, CHF, EUR, GBP, JPY, SGD, GLD. Holding the account in the currency you fund it with avoids a conversion charge on every deposit and withdrawal - a cost that never shows up in a spread comparison.

The smallest position is 0.01 lots. For anyone starting carefully this matters more than the minimum deposit, because it sets the least you can put at risk on a single trade.

A demo account is available. Worth using for the platform rather than the results: fills are simulated, so it tells you how the software behaves but very little about execution.

Questions about FXOpen accounts

What account types does FXOpen offer?

FXOpen offers 4 account types: ECN, PAMM ECN, Islamic/Swap-Free, Demo.

What is the minimum deposit at FXOpen?

The minimum deposit at FXOpen is $100. It can differ by account type and by the entity you register with.

Does FXOpen offer an Islamic account?

Yes. FXOpen offers a swap-free account for clients who need one.

Accounts at brokers under the same regulator

More about FXOpen