FXOpen

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

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

• Forex CFD trading
• ECN brokerage services
• Multi-asset trading platform
• Algorithmic trading infrastructure
• Institutional FX execution

Headquarters

HQ city

Parnell

HQ country

New Zealand

HQ region

Oceania

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Technology or R&D, Personnel, Marketing or Sales, Infrastructure, Others

Revenue model

1. 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.
2. 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.
3. 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

Go-to-market motion1 record

Distribution channels6 records

Marketing channels7 records

Core 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

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Five partnerships are on record, tiered core and minor.

• MetaQuotes (MetaTrader)coreTechnology or IntegrationFXOpen 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 PlccoreOthersClient 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 CommissionminorOthersFXOpen Markets Limited is a member of the Financial Commission, an independent organization for dispute resolution in the forex industry.
• PAMM Service Technology (Soft-FX)coreTechnology or IntegrationFXOpen 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)minorOthersRetail 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

Broad 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

• Xx.com/fxopenbroker
• Facebookfacebook.com/fxopencompany
• LinkedInlinkedin.com/company/fxopen

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FXOpen