FXOpen vs ITRADER Comparison

FXOpen vs ITRADER Broker Comparison

FXOpen versus ITRADER
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated

FXOpen and ITRADER Comparison

These are both MT4 brokers. They differ in that FXOpen is an ECN broker, while ITRADER is an STP broker. ITRADER does not charge commissions, while FXOpen open can (this means that FXOpen can offer very low Forex spreads, as the cost is the spread plus the commission).

Both have a range of Cryptocurrency CFDs to trade (this means that the trader is speculating on price movement, does not own the cryptocurrency and thus does not need a wallet to trade it). ITRADER has more markets to trade on MT4, but FXOpen has a competitive number for an ECN broker.

FXOpen is regulated by the FCA in the United Kingdom, the ASIC in Australia and the FSRC in Nevis. ITRADER is regulated by the CySEC in Cyprus.

Quick comparison

Both are MT4 brokers, ITRADER is an STP broker, FXOpen is an ECN broker.

Minimum deposit and account types

The minimum deposit for FXOpen is €/$300 or £200. The minimum deposit for ITRADER is $250.

  • 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.
  • ITRADER provides three CFD trading account types, Silver, Gold and Platinum. The current minimum deposit for Gold and Platinum is available upon request from the account manager assigned to the trader's account. An Islamic account is available on request.
  • ITRADER provides an extensive animated trading course on its website. It also offers eBooks, webinars and daily reviews and provides hedging for all account types. The Gold account additionally provides extra webinars and videos and a dedicated account manager. The Platinum account additionally provides a Free VPS and News Alerts.


  • On the MT4 ECN account, FXOpen offers Forex, Indices, Energy and Precious Metals, with 65+ available.
  • On the MT4 STP account, FXOpen provides Forex and Precious Metals, for a total of 50+.
  • On the MT4 Crypto account, FXOpen offers Forex, Precious Metals and Cryptocurrencies, for a total of 55+.
  • On MT4, ITRADER offers Forex, Indices, Energy, Metals, Cryptocurrencies, Soft Commodities and Stocks, with 200+ available.

Cryptocurrency CFDs

  • FXOpen offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Ethereum Classic, Monero, IOTA, NEO, DASH, EOS, Namecoin, Peercoin, Emercoin and OMNI.
  • ITRADER offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash ABC, Ripple, Ethereum Classic, Monero, IOTA, NEO, DASH, Cardano, Bitcoin SV, Lisk, Qtum, Siacoin, Tether, NEM, Stellar, Bitcoin Gold, Zcash, Verge, WAVES, TRON and Golem.

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.
  • ITRADER offers variable spreads, which can vary depending on account type. On ITRADER's Silver account, EUR/USD spreads are from 2.2, UK100 from 2, Gold from 0.59 and US Crude Oil from 0.07. On ITRADER's Platinum account, EUR/USD spreads are from 0.7, UK100 from 1, Gold from 0.37 and US Crude Oil from 0.03.

Maximum leverage for FXOpen (FCA regulated) is . Maximum leverage for ITRADER 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.
  • ITRADER does not charge commissions.


Both brokers offer MT4, available for desktop, tablet and mobile.

Comparison summary

  • Both brokers provide CFD trading
  • They are MT4 brokers
  • Each has a range of Cryptocurrency CFDs to trade
  • ITRADER can offer more markets on MT4
  • FXOpen has a competitive number of markets for an ECN broker
  • Both are regulated

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