FXOpen
- Company typePrivate
- Founded2005
- HeadquartersParnell, New Zealand
- Headcount51–100
- GTM typeB2B and B2C
- OfferingServices
FXOpen firmographics
Firmographics- Name
- FXOpen
- Legal name
- FXOpen Ltd
- Website
- https://fxopen.com
- Company type
- Private
- Founded year
- 2005
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Ownership category
- akta.pro rank
FXOpen industry classification
Industry- Product category
- Online Forex and CFD Brokerage
- NAICS
- Securities and Commodity Contracts Intermediation and Brokerage (5231), Commodity Contracts Intermediation (523160)
- SIC
- Commodity Contracts Brokers & Dealers (6221)
- akta.pro primary industry
- FX Electronic Trading Platforms (Spot/Forwards/Swaps) (FSAFANAC)
- akta.pro secondary industries
- FX Matching & Aggregation Venues (Liquidity Aggregators) (FSAFADAH), FX Derivatives (Forwards, Options, NDFs) (FSACADAC)
Keywords
Where FXOpen is headquartered
LocationHeadquarters
- HQ city
- Parnell
- HQ country
- New Zealand
- HQ region
- Oceania
Offices2 records
Markets served
FXOpen business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Operations, Technology or R&D, Personnel, Marketing or Sales, Infrastructure, Others
Revenue model
- Commission Fees: FXOpen generates revenue primarily through tiered commission structures based on trading volume and account balance. Different rates apply for different asset classes: FX commissions range from $1.50 to $3.50 per lot per side, commodity CFDs at 0.005%, share CFDs at 0.1% (minimum $1 per order for US shares, 20 HKD for HK shares), and indices at 0% commission. Higher volume traders with larger account balances receive discounted rates.
- Spreads: Revenue is generated through floating spreads on trading instruments. The company offers spreads starting from 0.0 pips, with the spread differential contributing to overall revenue. This ECN model means spreads are market-determined rather than fixed.
- Overnight/Swap Fees: Fees charged for positions held overnight, applicable to clients who transfer positions to the next trading session. Swap rates apply to cryptocurrency positions at 10% annual rate on open position value.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Basic ECN - Entry tier with $300 minimum deposit and standard commission rates |
| Transaction based/ take rate | Pay-as-you-go | Classic ECN - Mid-tier with reduced commissions for moderate volume traders |
| Transaction based/ take rate | Pay-as-you-go | Advanced ECN - High-volume tier with competitive commissions |
| Transaction based/ take rate | Pay-as-you-go | Elite ECN - Premium tier for the highest volume traders |
| Transaction based/ take rate | Pay-as-you-go | Cryptocurrency CFD Trading |
Go-to-market motion1 record
Distribution channels6 records
Marketing channels7 records
FXOpen product offering
Product offeringCore offering
FXOpen is a true ECN forex and CFD broker providing direct market access to 700+ markets — including currency pairs, global indices, commodities, shares, ETFs, and 40+ cryptocurrency pairs — through proprietary TickTrader and MetaTrader 4/5 platforms. The offering is structured around tiered ECN trading accounts with floating spreads from 0.0 pips and commission-based pricing, supported by a dedicated FXOpen App, PAMM copy-trading service, FIX API for institutional clients, and free VPS hosting for active traders.
Product overview
FXOpen is an FCA-regulated ECN forex and CFD broker offering a multi-platform trading ecosystem. The core offering includes proprietary TickTrader platform alongside support for third-party MetaTrader 4 and MetaTrader 5 platforms. The company provides ECN trading accounts with direct market access, floating spreads from 0.0 pips, and tiered commission structures. Supporting products include the FXOpen App mobile client portal, PAMM investment service for trade copying, VPS hosting for algorithmic traders, and cryptocurrency CFD trading with 40+ pairs. The ForexCup contest platform rounds out the offering for trader engagement. All services are accessible across desktop, web, and mobile interfaces.
Differentiator
Problem solved
Functional benefit
Products and services
- TickTrader FXOpen's proprietary multi-asset trading platform combining forex, stocks, commodities, indices, and cryptocurrencies into a single account, with 1200+ advanced trading tools, Level 2 pricing with up to 200 depth levels, one/double-click trading, trading alerts, and detailed charting. Supports both net and gross account types with API integrations via FIX, REST, and WebSocket protocols, available on desktop (Windows), browser, iOS, Android, Android APK, and Huawei AppGallery.
- MetaTrader 4 (MT4) Popular third-party trading platform supported by FXOpen, particularly favored by FX traders. Available on desktop, browser, MacOS, iOS, and Android devices for forex and CFD trading through FXOpen's ECN accounts.
- MetaTrader 5 (MT5) Multi-asset successor to MT4 from MetaQuotes, offering additional benefits while retaining the familiar user interface. Available on desktop, browser, MacOS, iOS, and Android devices for trading forex, indices, commodities, shares, and other CFDs through FXOpen's ECN accounts.
- FXOpen App Dedicated mobile client portal for managing FXOpen trading accounts on iOS, Android, and Huawei AppGallery. Enables account management, fund transfers between trading accounts, real-time balance monitoring, transaction history review, profile management, and access to Help Center and live chat support.
- PAMM Service Percentage Allocation Management Module service enabling trade copying from Master accounts to Follower accounts with automated profit and loss distribution. Includes advanced performance analytics for evaluating Master traders, allowing traders to become Masters (capital allocators) and investors to become Followers (capital allocators).
- FIX API Financial Information eXchange protocol API enabling institutional clients to connect directly to FXOpen's liquidity providers for fast order execution, market data access, algorithmic trading, and integration with custom trading applications.
- ECN Trading Accounts ECN trading accounts offering direct market access to liquidity providers with floating spreads from 0.0 pips and tiered commission-based pricing (Basic, Classic, Advanced, and Elite tiers). Available across all trading platforms including MT4, MT5, and TickTrader, with leverage and pricing differing per tier based on equity and FX traded volume.
- Cryptocurrency CFD Trading CFD trading on over 40 cryptocurrency pairs including Bitcoin, Ethereum, Litecoin, Ripple (XRP), Dash, and EOS, available 24/7 with leverage up to 1:3, ECN pricing, and commission of 0.5% per round turn (0.25% per side). Swap charged at 10% annual rate on open position value. Available only to Professional Clients under FCA regulations.
- ForexCup Forex trading competition platform offering demo and live trading contests with prizes including PAMM accounts, cash bonuses, and trading capital. Multiple competition formats including weekly and monthly tournaments. Top performers can become PAMM account managers, positioning ForexCup as a talent acquisition channel for FXOpen's managed-trading products.
- VPS Service Virtual Private Server hosting for active traders requiring ultra-fast execution, reduced latency, and continuous operation of automated trading strategies (Expert Advisors) without depending on local hardware. Offered free of charge to qualifying active traders per Terms & Conditions.
Quantifiable outcome
- 60% of retail investor accounts lose money when trading CFDs with this provider
Companies that use FXOpen
Customer profileSegments4 records
Ideal customer profiles3 records
FXOpen technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
FXOpen partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- MetaQuotes (MetaTrader)coreFXOpen offers MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms powered by MetaQuotes software. These are the most popular platforms for forex traders globally, available on desktop, browser, and mobile devices. MT4 is particularly noted as the most popular platform for FX traders.
- Barclays Bank PlccoreClient funds are held in segregated accounts at Barclays Bank Plc in accordance with FCA Client Asset Rules. All client funds are fully segregated from FXOpen's own funds, providing an additional layer of client protection.
- Financial CommissionminorFXOpen Markets Limited is a member of the Financial Commission, an independent organization for dispute resolution in the forex industry.
- PAMM Service Technology (Soft-FX)coreFXOpen operates a PAMM (Percentage Allocation Management Module) service enabling trade copying from Master accounts to Follower accounts with automated profit and loss distribution. The service provides advanced analytics for performance evaluation and is powered by Soft-FX technology.
- Financial Services Compensation Scheme (FSCS)minorRetail client funds are fully protected up to £85,000 by the FSCS, the UK's statutory deposit insurance scheme that protects customers of authorized financial services firms.
Scale indicators7 records
Recent moves6 records
Expansion highlights5 records
FXOpen competitors and assessment
Company assessmentBroad incumbents
- Interactive Brokers: Global multi-asset broker serving institutional and professional clients with FIX API, deep liquidity, and broad market access. Comparable to FXOpen Prime's institutional FIX API offering but vastly larger and more diversified.
- IG Group: Publicly listed multi-asset broker (FCA-regulated) operating across retail forex, CFDs, share dealing, and institutional liquidity. Overlaps with FXOpen in FX/CFD retail and ECN-style institutional offerings but is materially larger and broader.
- OANDA: Long-established multi-jurisdiction forex broker offering MT4/MT5/OANDA Trade platforms and institutional (OANDA TMS) services. Overlaps with FXOpen on retail FX and multi-platform delivery but is a larger, broader incumbent.
Direct peers
- Tickmill: Multi-jurisdiction regulated ECN broker (FCA, CySEC, FSA) offering MT4/MT5 with Pro/VIP raw-spread accounts. Highly comparable to FXOpen across regulation footprint, ECN model, account tiering, and retail-professional client mix.
- Pepperstone: Australian ECN forex/CFD broker serving retail and professional traders via MT4/MT5/cTrader/TradingView with raw spreads from 0.0 pips. Closely comparable ECN pricing model, multi-platform offering, and institutional (Pepperstone Prime) extension analogous to FXOpen Prime.
- IC Markets: Australia-headquartered ECN forex and CFD broker targeting active and professional traders with raw spreads, MT4/MT5/cTrader, and tight commission-based pricing — directly comparable business model, customer segments, and product set to FXOpen.
- FxPro: FCA/CySEC-regulated multi-platform forex and CFD broker offering MT4/MT5/cTrader with no-dealing-desk execution. Comparable regulated footprint, platform breadth, and retail-professional customer mix to FXOpen.
- XM Group: Globally regulated (CySEC, ASIC, IFSC) forex/CFD broker with massive retail trader base, MT4/MT5 focus, and multi-language localization. Comparable in scale (millions of accounts), localization breadth, and retail target segment to FXOpen.
- RoboForex: Multi-entity forex/CFD broker with ECN/STP/Crypto account tiers, MT4/MT5/RoboTrader platforms, and a CopyFX social-trading network. Comparable account tiering structure, multi-asset scope, and copy/social-trading extension (akin to FXOpen's PAMM).
- Exness: Global ECN broker with multi-jurisdiction regulation, MT4/MT5 platforms, tiered account pricing, and aggressive global localization. Comparable in technology stack, tiered commission structure, and emerging-market retail focus to FXOpen.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
FXOpen social profiles
Digital presenceFXOpen compliance and trust
Trust signalCompliance3 records
FXOpen financial estimates
Financial estimateRevenue estimate
Valuation estimate
FXOpen leadership team
Management profileNumber of profiles
Profiles5 records
FXOpen funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
FXOpen M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about FXOpen
What does FXOpen do?
FXOpen is a true ECN forex and CFD broker providing direct market access to 700+ markets — including currency pairs, global indices, commodities, shares, ETFs, and 40+ cryptocurrency pairs — through proprietary TickTrader and MetaTrader 4/5 platforms. The offering is structured around tiered ECN trading accounts with floating spreads from 0.0 pips and commission-based pricing, supported by a dedicated FXOpen App, PAMM copy-trading service, FIX API for institutional clients, and free VPS hosting for active traders.
Is FXOpen a public or private company?
FXOpen is a private company. It is classified as unknown and is currently operating.
When was FXOpen founded?
FXOpen was founded in 2005. It employs 51 to 100 people.
Where is FXOpen based?
FXOpen is headquartered in Parnell, New Zealand, in the Oceania region.
How does FXOpen make money?
Three revenue lines are on record. Commission Fees are the primary driver. The others are spreads and overnight/Swap Fees.
Who are FXOpen's main competitors?
Broad incumbents on record are Interactive Brokers, IG Group and OANDA. Direct peers are Tickmill, Pepperstone, IC Markets, FxPro, XM Group, RoboForex and Exness.
Does FXOpen have an API?
Yes. FXOpen offers multiple API options for traders: FIX API for direct market access and connectivity to liquidity providers; REST API and WebSocket API for managing trading directly through the TickTrader platform. These APIs enable algorithmic trading, automated strategy execution, and custom trading application development. Developer documentation is at fxopen.com/en-gb/fix-api.
What industry is FXOpen in?
FXOpen's product category is Online Forex and CFD Brokerage. Its primary akta.pro industry code is FSAFANAC, FX Electronic Trading Platforms (Spot/Forwards/Swaps), with a secondary code of FSAFADAH, FX Matching & Aggregation Venues (Liquidity Aggregators). Its NAICS code is 5231 and its SIC code is 6221.