Founded in 2017, OKX is a reputable cryptocurrency company, providing a comprehensive range of offerings, including trading and NFTs. It enables traders to access more than 400 crypto tokens through OTC trading and derivatives. Its excellent web platform, developer tools, and interactive charts make OKX a preferred option among technical traders.
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
A vast array of blockchain products is available, featuring DeFi services, NFTs, and games, along with over 400 established and emerging cryptocurrencies.
In 2025, OKX obtained a MiFID II licence, allowing it to offer regulated derivatives across Europe, ensuring peace of mind for traders.
Access a diverse array of trading instruments, such as futures, options, and perpetual swaps, through both mobile and desktop platforms.
OKX enjoys a strong reputation, serving 20 million clients worldwide and holding a licence from the Dubai Virtual Assets Regulatory Authority.
Traders can obtain historical market information for both spot and futures markets, including OHLC data, aggregate trade details, and trading records.
The platform offers an extensive developer lab and access to a marketplace of pre-built trading bots equipped with automatic arbitrage functionalities.
Active traders benefit from competitive rates, with maker fees starting at 0.02% and taker fees at 0.05%.
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
The firm has minimal regulatory oversight, which is typical for crypto brokers.
Testing revealed that customer support quality varied.
The broker's platform and features might feel intricate for beginners.
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 offers a user-friendly experience for trading over 700 global markets. It provides real-time data, level 2 pricing, live charts, and financial news. Over the years, it has achieved one of the highest ratings on the Android app store, reflecting its superior user interface.
iOS App Rating
4.6
5
Android App Rating
4.3
5
Margin Trading
Yes
Yes
MetaTrader 4
No
Yes
MetaTrader 5
No
Yes
cTrader
No
No
AlgoTrader
Yes
No
OmniTrader
No
No
TradingView
No
Yes
Autochartist
No
No
eSignal
No
No
Trading Central
No
No
STP Account
No
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
No
Yes
Market Maker
No
No
P2P Trading
Yes
No
Spot Trading
Yes
No
Auto Trading
Yes
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
No
Yes
Tournaments
No
Yes
Demo Competitions
No
Yes
Ethical Investing
No
No
Custodial Account
No
No
Guaranteed Stop Loss
No
No
Inactivity Fee
$10
Islamic Account
No
Yes
Account Currencies
USD
EUR
GBP
INR
JPY
SGD
RUB
AED
SAR
USD
EUR
GBP
AUD
JPY
CHF
SGD
RUB
Commodities
Gold
Silver
Oil
Natural Gas
CFD
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
1:30 (EU, UK), 1:1000 (Global)
FTSE Spread
0.7
GBPUSD Spread<
0.4
Oil Spread
0.04
Stocks Spread
0.40 (Apple)
Forex
Assets
50+
GBPUSD Spread
0.4
EURUSD Spread
0.2
EURGBP Spread
0.5
Cryptocurrency
OKX provides an excellent range of over 400 tokens, such as Bitcoin and Ripple. Traders can engage in buying and selling tokens or engage in crypto trading on margin through derivatives like perpetual swaps, options, and futures. The platform is distinguished by its competitive fees, wide token selection, and rapid transaction processing.
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.