FOREX.com vs FXOpen - Online Brokerage Comparison

FOREX.com vs FXOpen

FOREX.com vs FXOpen Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$50MT4, Advanced Trading Platform, Web Trader300+FCA, ASIC, CFTC, IIROC, SFC, CIMA, FSA
$200MT465+FCA, ASIC, FSRC

FOREX.com and FXOpen Comparison

Both of these brokers offer MT4. FOREX.com has more markets on all its platforms compared with FXOpen. Both offer Cryptocurrency CFDs to trade, though FXOpen has more.

A difference is that FXOpen is an ECN broker. However each broker can offer low latency order execution on MT4. Both brokers support automated trading and trading where the trader executes their own trades, though FOREX.com has arguably additional support for traders who execute their own trades by providing its Advanced Trading Platform (which has programmable charting signals) and its user friendly Web Trader.

FOREX.com and FXOpen are both regulated by the FCA in the United Kingdom and the ASIC in Australia. FOREX.com is additionally regulated by CFTC in the United States, the IIROC in Canada, the SFC in Hong Kong, the CIMA in the Cayman Islands and the FSA in Japan. FXOpen is additionally regulated by the FSRC in Nevis.

Quick comparison

Both offer MT4. FOREX.com has a range of platforms. FXOpen offers ECN trading.

Minimum deposit and account types

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

  • FOREX.com offers CFD trading. The minimum trade size is 0.01 lots. It has an Economic Calendar, Market Research and a news feed on its platforms, offers Autochartist and Trading Central and has a Trader Education course on its website.
  • FXOpen offers three accounts types, ECN, STP and Crypto, with Forex and CFD trading. 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.

Markets

  • FOREX.com offers Forex, Indices, Energy, Metals, Cryptocurrencies, Soft Commodities and Stocks, with 300+ available.
  • FXOpen offers Forex, Indices, Energy and Metals and Cryptocurrencies, with 65+ available.

Cryptocurrency CFDs

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

Spreads and leverage

FOREX.com can offer Forex spreads from 0.8 without a commission charge. FXOpen can provide Forex spreads from 0 plus a commission charge.

The maximum leverage for FOREX.com (FCA regulated) is . The maximum leverage for FXOpen (FCA regulated) is .

Commission charge

  • FOREX.com does not charge commissions for trading Forex (only for Shares CFDs).
  • 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.

Online trading platforms

FOREX.com offers the Advanced Trading Platform, a Web Trader and MT4. FXOpen offers MT4.

Why FOREX.com or FXOpen ?

Those who want to trade on MetaTrader 4 may do so at either broker. Those who want to trade on a user friendly platform may do so at FOREX.com on its Web Trader and may also use its Advanced Trading Platform, which lets the trader build and use charting signals. FXOpen is an ECN broker, but traders may use online trading robots (EAs) at either broker.

Comparison summary

  • Both provide CFD trading
  • Each has MT4
  • Both support trading automation
  • FXOpen is an ECN broker
  • FOREX.com also offers other trading platforms, with the most features on the Advanced Trading Platform
  • Overall FOREX.com has more markets than FXOpen
  • However FXOpen has a competitive number of markets for an ECN broker
  • FOREX.com has a lower minimum deposit than FXOpen
  • Both offer Cryptocurrency CFDs, FXOpen has more

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