BrokAIr Reviews

Fx Open Review

"Fx Open is one of the most risk-laden online brokerages available - but with great risk comes great reward!" Is Fx Open really worth the gamble?

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Fx Open Overview

Fx Open is an online brokerage designed to provide traders with access to the global financial markets. Founded in 2004, Fx Open was one of the first brokerages to offer a comprehensive suite of services and products for traders. Today, Fx Open provides access to over 250 instruments, including forex, stocks, indices, commodities, and cryptocurrencies. Fx Open is regulated by the Financial Conduct Authority (FCA) in the UK and is also a member of the Financial Services Compensation Scheme (FSCS).

The Pros

The Cons

Founders

Fx Open was founded by four experienced financial professionals in 2004. The founders are: Marcin Kaczmarek, Przemyslaw Kaczmarek, Marcin Krystek, and Michael Kaczmarek. All four are still active in the management of the company today.

Public Opinion

Fx Open has generally received positive reviews from users. Most users report an easy setup process and a user-friendly trading platform. Additionally, users appreciate the low spreads and fees that Fx Open offers. The company has also been praised for its robust customer service and support. There have been some complaints about the high minimum deposit requirement and lack of MetaTrader 4 support.

News

In October 2020, Fx Open announced plans to launch a new cryptocurrency exchange platform called "FXOpen Crypto Exchange". The new platform will offer a wide range of features such as margin trading, spot trading, and OTC trading. In addition to this, Fx Open also announced plans to launch a new cryptocurrency wallet called "FXOpen Wallet". The new wallet will allow users to securely store their digital assets.