FinPros is an offshore brokerage offering CFD trading on over 400 instruments with leverage as high as 1:500. It is a dependable choice for traders interested in offshore opportunities, thanks to its robust security, negative balance protection, and client fund segregation. With additional features like trading tools and commission-free stocks, it caters well to beginners. Experienced traders will also value the competitive spreads.
Founded in 2005, FXOpen is a well-regulated broker that has drawn over one million traders. Tailored for active trading, it offers a diverse range of over 700 markets. The platform facilitates high-frequency trading, scalping, and various algorithmic strategies through the use of expert advisors (EAs).
Pros
Ultra-low latency trading attracts traders aiming to capitalise on rapid market shifts. This trading strategy prioritises swift execution over long-term investment. Traders focus on minimal delays to gain competitive advantages. Utilising advanced technology, they strive for speed in transactions, seeking profits from immediate market changes.
Free practice account
MetaTrader 5 is an advanced trading platform offering comprehensive tools for traders. It provides a wide array of features, including chart analysis, automated trading, and real-time market data. This platform supports multiple asset classes, making it versatile for various trading strategies. With MetaTrader 5, traders benefit from enhanced performance, sophisticated analytics, and the ability to execute trades efficiently.
Trading Instruments by TradingCentral
TradingCentral offers advanced tools for traders, enhancing their trading strategies. These instruments provide comprehensive market analysis and insights. With real-time data and technical analysis, traders can make informed decisions and optimise their investments. The platform supports efficient trading through user-friendly interfaces, assisting both novice and experienced traders in navigating the financial markets with confidence.
No fees for deposits or withdrawals
Commission-free stock trading allows investors to buy and sell shares without incurring extra fees. Traders can execute transactions without worrying about additional costs. This type of trading offers a cost-effective way to engage in the market. Professional traders may find this beneficial for improving profit margins. The absence of commissions can make frequent trading more accessible and potentially more profitable. Overall, commission-free trading simplifies the process while enhancing financial efficiency.
Using professional finance terms and British English, here's a simplified version:
With an average response time of 21 seconds, traders react swiftly to market changes. The process, known as trading, involves executing buy and sell orders rapidly throughout the day. Traders navigate volatile markets, leveraging short-term strategies to capitalise on fluctuations. The emphasis remains on quick decision-making and timely responses to achieve optimal results.
Streamlined account setup procedure with full automation.
Selection of active accounts and pricing structures available for traders.
FXOpen integrated TradingView in 2022 and enhanced its TickTrader platform in 2024. This upgrade delivers Level 2 pricing, over 1,200 trading instruments, and sophisticated order options. The platform appeals to both seasoned and high-frequency traders.
FXOpen significantly cut FX spreads by over 40% in 2022. In 2023, they launched commission-free index trading. These changes make trading more economical for traders.
In 2024, FXOpen simplified its account options. Traders now benefit from ECN accounts with raw spreads starting at 0.0 pips. The platform offers rapid execution and reduced commissions for those with high trading volumes, enhancing user experience.
Cons
Offshore regulation
Use just one trading platform. Swap 'day trading' with 'trading' and 'day trader' with 'trader'. Adopt a professional finance tone, employ varied sentence forms, and prioritise clarity and brevity.
Traders from the USA are not eligible.
Most accounts require a minimum deposit of $800.
Though FXOpen remains a trusted broker with authorizations from the FCA and CySEC, it lost its ASIC license in 2024 due to 'serious concerns.' Consequently, it no longer accepts traders from Australia.
FXOpen's educational resources are quite limited, with a scarcity of courses and webinars commonly available at brokers such as IG. This deficiency may deter novice traders looking to enhance their understanding.
Even with an expanded asset portfolio, FXOpen provides a more limited selection of global stocks, commodities, and cryptocurrencies compared to the leading firm BlackBull. This results in fewer diverse trading opportunities for traders.
Awards
Best ECN Broker 2012 - Masterforex-V
Best Forex Broker in Australasia 2011 - World Finance Magazine
Best Islamic Forex Broker 2011 - IB Times Trading Awards
Best South-East Asia Forex Broker and Best ECN Forex Broker 2011 - IB Times Trading Awards
The FXOpen Trading App is a user-friendly mobile app for trading 700+ global markets. With real-time data, level 2 pricing, live charts, and financial news, it’s been refined over the years to deliver one of the highest Android app store ratings we’ve seen – a testament to its top-notch user experience.
iOS App Rating
4.8
5
Android App Rating
4.8
5
Margin Trading
Yes
Yes
MetaTrader 4
No
Yes
MetaTrader 5
Yes
Yes
cTrader
No
No
AlgoTrader
No
No
OmniTrader
No
No
TradingView
No
Yes
Autochartist
No
No
eSignal
No
No
Trading Central
No
No
STP Account
Yes
Yes
ECN Account
No
Yes
DMA Account
No
Yes
MAM Account
No
No
PAMM Account
No
Yes
LAMM Account
No
No
Demat Account
No
No
AI / Machine Learning
No
No
Robo Advisor
No
No
Negative Balance Protection
Yes
Yes
Market Maker
No
No
P2P Trading
No
No
Spot Trading
No
No
Auto Trading
Expert Advisors (EAs) on MetaTrader
Expert Advisors (EAs) on MetaTrader
Copy Trading
No
Yes
Copy Trading Platform
FXOpen's PAMM Copy Trading service enables investors to replicate the strategies of seasoned traders. It offers a clear, performance-focused system with flexibility, automated profit-sharing, and thorough account management.
Social Trading
No
No
Trade Signals
Yes
VPS Hosting
Yes
Yes
Tournaments
No
Yes
Demo Competitions
No
Yes
Ethical Investing
No
No
Custodial Account
No
No
Guaranteed Stop Loss
No
No
Inactivity Fee
$20
$10
Islamic Account
Yes
Yes
Account Currencies
USD
EUR
GBP
CAD
USD
EUR
GBP
AUD
JPY
CHF
SGD
RUB
Commodities
Gold
Silver
Platinum
Palladium
Oil
Natural Gas
Gold
Silver
Oil
Natural Gas
CFD
Execute trades on foreign exchange, equities, indices, commodities, and cryptocurrencies using CFDs with leverage up to 1:500 on the commission-free ClassiQ account. Alternatively, opt for the raw spread account, which features minimal commissions starting at $4 per round-turn, offering leverage options of up to 1:200 or 1:400. These leverage levels remain competitive in the market.
FXOpen offers an impressive array of CFDs, including over 700 assets like stocks, indices, currencies, commodities, cryptocurrencies, and a wider selection of ETFs. Since 2022, the inclusion of TradingView and enhancements to the TickTrader platform have equipped traders with superior tools. FXOpen thus delivers a comprehensive trading experience.
Leverage
1:500
1:30 (EU, UK), 1:1000 (Global)
FTSE Spread
From 0.0
0.7
GBPUSD Spread<
From 0.0
0.4
Oil Spread
From 0.0
0.04
Stocks Spread
From 0.0
0.40 (Apple)
Forex
FinPros provides over 80 forex pairs, making it one of the most varied selections in the market. Traders enjoy minimal latency, MT5 compatibility, and exceptionally tight spreads with low commissions when using the RAW+ account.
Assets
80+
50+
GBPUSD Spread
From 0.0
0.4
EURUSD Spread
From 0.0
0.2
EURGBP Spread
From 0.0
0.5
Cryptocurrency
Engage in leveraged CFD trading on the top eight cryptocurrencies, such as Bitcoin, Ethereum, Litecoin, and Ripple, paired with USD, EUR, and JPY. The extensive range of fiat currency pairs enhances this offering's appeal, despite the limited options for crypto tokens.
FXOpen provides more than 40 cryptocurrency CFDs, featuring both crypto-only pairs and those paired with traditional currencies like GBP, USD, and JPY. Traders can leverage their crypto CFD trades at a ratio of 1:2. There are three types of orders available: market, limit, and stop, and scripts are on hand for automated trading.
