FXOpen - Forex Broker Review

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FXOpen has been online since 2005 and thrive to provide traders with high quality online trading services. It operates under the company name Belvedere Inc and is located in beautiful Seychelles.

What’s on offer?

The process of opening an account with this broker is surprisingly very fast. Your account will be ready to activate within 5 minutes from any place of the world. Mr. Powell, you better match out.

The benefits that you will enjoy with this broker as a customer varies with a selection presented below:

• Spread from 2 pips
• Leverage from 1:1 to 1:500
• Micro accounts from $1
• Standard accounts from $25
• A wide range of different financial tools
• Islamic accounts
• Instant Execution — Quotation system
• 100$ bonus for standard accounts
• Great customer service with an online support 24/5.

Note: this broker operates under many other aliases such as fxmalay.com, fxislamic.com, fxind.com, fxfrench.com, philippinesforex.com, fxorient.com, forexarabian.com, forex-leader.com, payufx.com.

Pros:

• It provides a high quality service and greatly values their clients
• Is a Metatrader4 broker thus providing with greatly useful technical tools and charting
• Offers a bonus of $100 to clients opening a standard account
• Order executions are extremely fast, average 2-3 seconds
• Has a trader’s competition corner
• Is a Muslim Forex broker allowing opening accounts without overnight interest
• You may start trading with as little as $1
• Futures trading is also available
• It offers a forum were you can meet other traders and share ideas.

Cons:

No major disadvantages relating to this particular broker. However you would be interested to know that it had major issues with a particular trader under the name of Erlan Saduakasov. He wrote reviews stating that FXOpen was a scammy company. You will be glad to know that matter has been resolved and it’s believed that person in question had some personal issues towards the company.

This broker received a lot of positive reviews and is well known in the trading world. I don’t have much experience personally with FXOpen, however, I do know some fellow traders using them and until now they’ve been well treated.

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