Compare FXOpen vs Trade

Compare FXOpen vs Trade

FXOpen vs Trade Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated

FXOpen vs Trade Comparison

These are both ECN brokers which also offers STP trading. They have no dealing desk order execution and do not restrict trading styles. Both can offer a range of Cryptocurrency CFDs to trade. Trade has a lower minimum deposit. Both are regulated by the FCA in the United Kingdom. FXOpen is also regulated by the ASIC in Australia and the FSRC in Nevis.

ECN conditions

These are each no dealing desk and neither restricts trading styles, thus news trading, scalping and automated trading is allowed. FXOpen uses Equinix's NY4 Data Centre in New York, Trade uses Equinix's LD4 Data Centre in London.

Quick comparison

Both offer MT4 ECN trading. Trade also has a Classic account, with fixed Forex spreads on MT4.

Minimum deposit and account types

The minimum deposit for FXOpen is €/$300 or £200. The minimum deposit for Trade is $/€/£50.

  • FXOpen offers three accounts types, ECN, STP and Crypto. The ECN account charges commissions on its markets, the STP does not charge commissions. The ECN account has a wider range of market available. The Crypto account is an STP account which additionally offers a range of Cryptocurrencies (which have a commission charge). The minimum trade size is 0.01 lots. Market news and analysis are available via RSS and an economic calendar is provided on FXOpen's website.
  • Trade offers three account types for retail traders, Classic, ECN and ECN Plus. The minimum deposit for the Classic and ECN accounts is $/€/£50. The minimum deposit for the ECN Plus account is $/€/£10,000. The ECN Plus account has lower commission charges. The Classic account does not have a commission charge. Trade allows scalping, hedging and EAs. Trade uses Equinix's LD4 Data Centre. All account types have a minimum trade size of 0.01 lots.
  • Trade offers an 'Educational and Analytical Portal' which provides trading strategies and signals, educational courses, the capacity to chat with an analyst, a technical and fundamental analysis feed, market analysis and news updates.


  • On the ECN account, FXOpen offers Forex, Indices, Energy and Precious Metals, with 65+ available.
  • On the STP account, FXOpen provides Forex and Precious Metals, for a total of 50+.
  • On the Crypto account, FXOpen offers Forex, Precious Metals and Cryptocurrencies, for a total of 55+.
  • Trade offers Forex pairs, Indices, Energy, Precious Metals and Cryptocurrencies, with 75+ available.

FXOpen provides 45+ Forex pairs, Trade provides 55+ Forex pairs.

Cryptocurrency CFDs

  • FXOpen offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, NEO, OMNI, Monero, IOTA, EOS, Ethereum Classic, DASH, Namecoin, Peercoin and Emercoin.
  • Trade offers Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash.

Spreads and leverage

  • Spreads at FXOpen are variable and are from 0.0 for EUR/USD, 0.0 for UK 100, 0.0 for Gold and 0.0 for US Crude Oil (all plus commission). The STP account has higher spreads.
  • On Trade's Classic account, spreads are variable from 1.0 for EUR/USD. On Trade's ECN accounts, spreads are variable, with a typical spread of 0.1 for EUR/USD, 1.5 for UK100, 0.09 for Gold and 0.03 for US Crude Oil.

Maximum leverage for FXOpen (FCA regulated) is . Maximum leverage for Trade is .


  • For Forex, FXOpen charges a commission, which depends on volume traded, from $1.5 - $5 per standard lot per side. Other instruments have differing commission charges.
  • Trade charges commission of $4 per lot per side on its ECN account, and $2.5 per lot per side on its ECN Plus account.

Online trading platforms

FXOpen offers MT4 desktop, MT4 apps and an MT4 based web trader. Trade provides MT4 desktop and MT4 apps.

Quick comparison

Both offer ECN MT4 trading. FXOpen also provides STP trading, and Trade has a Classic account, with fixed Forex spreads.

Why FXOpen or Trade ?

Traders who want to trade at an MT4 ECN broker may do so at either broker. Trade has a lower minimum deposit than FXOpen.

Comparison summary

  • These are ECN brokers
  • They can offer no restrictions on trading styles and fast order execution
  • They each have no dealing desk trading conditions
  • FXOpen has a lower minimum commission charge, but its maximum charge is higher than Trade's
  • For a higher minimum deposit, Trade can offer a commission charge lower than its other accounts
  • Both can provide very low Forex spreads
  • Each offers MT4
  • FXOpen can offer Cryptocurrencies
  • They each have variable spreads
  • Both are FCA regulated

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