Compare FXOpen vs Forex.com
What is FXOpen? What is Forex.com?
FXOpen is a multi-asset broker that offers trading on forex, stocks, commodities, indices, cryptocurrencies and ETFs via the MetaTrader 4 & 5 and TradingView platforms. FXOpen is regulated by several authorities, including the UK’s FCA, Australia’s ASIC and New Zealand’s FMA.
Forex.com is a global forex and CFD broker that offers trading on over 5000 instruments, including currencies, stocks, indices, commodities and cryptos. Forex.com is a subsidiary of StoneX Group, a publicly traded company on the NASDAQ. Forex.com is regulated by multiple regulators, such as the US CFTC, the UK FCA, the EU CySEC and the Canadian IIROC.
Best Forex Brokers Ranking
| Rank | Broker | Review | Open Account | Bonus | Platform | Minimum Deposit | ECN |
|---|---|---|---|---|---|---|---|
| 1 | Exness |  | Open Exness account | 16$/lot | MT4, MT5, Exness, ... | 1$ | 10$ |
| 2 | IC Markets | | Open IC Markets account | - | MT4, MT5, cTrader | 200$ | 200$ |
| 3 | XM | | Open XM account | 30$ | MT4, MT5 | 5$ | - |
| 4 | XTB | | Open XTB account | 2000$ | MT4, xStation 5 | 1$ | 1$ |
| 5 | FBS | | Open FBS account | 140$ | MT4, MT5, FBS Trader | 1$ | 1000$ |
FXOpen vs Forex.com Regulation Comparison
Both FXOpen and Forex.com are highly regulated brokers that comply with strict rules and standards to protect their clients’ funds and interests. However, Forex.com has a higher trust score than FXOpen, as it holds more tier-1 licenses from reputable jurisdictions, such as the US, Japan, Singapore and Switzerland. FXOpen has three tier-1 licenses from the UK, Australia and New Zealand, but it does not operate in the US or Japan.
Additionally, Forex.com is a member of the Financial Services Compensation Scheme (FSCS) in the UK, which covers up to £85,000 per client in case of insolvency. FXOpen is also a member of the FSCS, but it only covers up to £50,000 per client.
FXOpen vs Forex.com Trading Assets Comparison
Forex.com offers a wider range of trading assets than FXOpen, as it has access to over 5000 markets across different asset classes. Forex.com provides traders with 91 forex pairs, 4500+ stocks and ETFs, 25+ commodities, 20+ indices and 10+ cryptocurrencies.
FXOpen has a more limited selection of trading assets, as it only offers 87 instruments in total. FXOpen provides traders with 25 forex pairs, 600+ stocks and ETFs, 10+ commodities, 10+ indices and 25+ cryptocurrencies.
FXOpen vs Forex.com Trading Fees Comparison
Both FXOpen and Forex.com have competitive pricing models that vary depending on the account type and trading volume. However, Forex.com has an edge over FXOpen in terms of trading costs for some products, especially forex.
Forex.com offers two main account types: Standard and RAW Spread. The Standard account has no commissions but higher spreads, while the RAW Spread account has low spreads from 0 pips but charges $7 per lot round turn as commission. The average spread for EUR/USD on the Standard account is 1 pip, while on the RAW Spread account it is 0.2 pips (including commission).
FXOpen also offers two main account types: STP and ECN. The STP account has no commissions but variable spreads from 0.7 pips for EUR/USD. The ECN account has raw spreads from 0 pips but charges commissions from $1.5 to $3.5 per lot round turn depending on the trading volume. The average spread for EUR/USD on the ECN account is 0.4 pips (including commission).
FXOpen vs Forex.com Account Types Comparison
Both FXOpen and Forex.com offer two main account types for traders: STP/Standard and ECN/RAW Spread. These account types differ in terms of pricing, execution and available instruments.
The STP/Standard accounts have no commissions but higher spreads and are suitable for beginners and casual traders who prefer simplicity and convenience. The ECN/RAW Spread accounts have low spreads but commissions and are suitable for experienced and high-volume traders who prefer transparency and efficiency.
Both brokers also offer other account types for specific purposes or regions. For example, FXOpen offers a Crypto account for trading cryptocurrencies only, an Islamic account for swap-free trading and a Micro account for trading with very low minimum deposits. Forex.com offers an Active Trader program for traders who trade over $25 million per month and can benefit from cash rebates up to 15%, dedicated support and VPS hosting.
FXOpen vs Forex.com Deposit Options Comparison
Both FXOpen and Forex.com support a variety of deposit and withdrawal options for their clients’ convenience and security. However, there are some differences in terms of fees, processing times and minimum amounts.
FXOpen accepts deposits and withdrawals via bank wire transfer, credit/debit cards, e-wallets (such as Skrill, Neteller, WebMoney, etc.), cryptocurrencies (such as Bitcoin, Ethereum, Litecoin, etc.) and local payment methods (such as FasaPay, Perfect Money, etc.). The minimum deposit amount is $1 for the Micro account, $10 for the Crypto and STP accounts and $100 for the ECN account. The minimum withdrawal amount is $1 for all methods except bank wire transfer, which is $100. FXOpen charges fees for some withdrawal methods, such as 2.5% + $0.3 for Skrill, 2% + $0.3 for Neteller and 0.5% + $0.3 for WebMoney. The processing time for withdrawals is usually within one business day, except for bank wire transfer, which can take up to 5 business days.
Forex.com accepts deposits and withdrawals via bank wire transfer, credit/debit cards and e-wallets (such as PayPal and Skrill). The minimum deposit amount is $100 for all methods. The minimum withdrawal amount is $100 for bank wire transfer and $50 for credit/debit cards and e-wallets. Forex.com does not charge fees for deposits or withdrawals, but third-party fees may apply. The processing time for withdrawals is usually within one business day, except for bank wire transfer, which can take up to 7 business days.
FXOpen vs Forex.com Trading Platforms Comparison
- Both FXOpen and Forex.com offer their clients access to the popular MetaTrader 4 (MT4) platform, which is widely used by forex traders around the world. MT4 is a user-friendly and customizable platform that supports multiple order types, charting tools, indicators, expert advisors and automated trading strategies.
- However, Forex.com has an advantage over FXOpen in terms of trading platforms, as it also offers the MetaTrader 5 (MT5) platform, which is an upgraded version of MT4 with more features and functionalities. MT5 supports more instruments, more timeframes, more indicators, more order types and more execution modes than MT4. MT5 also has a built-in economic calendar and market depth information.
- Additionally, Forex.com offers its own proprietary platform called Advanced Trading Platform (ATP), which is a web-based platform that integrates with TradingView charts and provides advanced trading tools such as Trading Central analysis, SMART Signals alerts, performance analytics and strategy builders. ATP also has a mobile app version called Forex.com Mobile App that allows traders to trade on the go with one-swipe trading and exclusive tools.
- FXOpen also offers its own proprietary platform called TickTrader, which is a web-based platform that supports trading on forex, stocks, commodities, indices and cryptocurrencies. TickTrader has a user-friendly interface and provides various trading tools such as market sentiment analysis, one-click trading and social trading. TickTrader also has a mobile app version called TickTrader Mobile App that allows traders to trade on the go with ease and convenience.
- Moreover, both brokers offer the TradingView platform as an option for their clients who prefer a web-based platform with advanced charting features and social trading capabilities. TradingView is a popular platform that supports trading on multiple markets and provides various tools such as technical analysis indicators, drawing tools, trading alerts and community chat.
FXOpen vs Forex.com Analytical Tools Comparison
- Both brokers provide their clients with an economic calendar, market news and market analysis from their own team of experts and other sources.
- Forex.com has a wider range of analytical tools than FXOpen, as it offers more exclusive features and integrations with third-party providers, such as:
- Trading Central: A leading provider of technical analysis and market insights that delivers actionable trading ideas, forecasts and commentary on various instruments and markets.
- SMART Signals: A proprietary tool that generates real-time trading signals based on technical indicators and market conditions.
- Performance Analytics: A proprietary tool that tracks and evaluates the performance of the trader’s account based on various metrics such as return, risk, drawdown and Sharpe ratio.
- Strategy Builder: A proprietary tool that allows traders to create their own automated trading strategies based on predefined criteria and backtest them on historical data.
- FXOpen has a more limited set of analytical tools than Forex.com, as it only offers market sentiment analysis, one-click trading and social trading via its proprietary platform TickTrader.
FXOpen vs Forex.com. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is an important decision that can affect your trading experience and results. There are many factors to consider when comparing different brokers, such as regulation, trading assets, trading fees, account types, deposit and withdrawal options, trading platforms and analytical tools. Ultimately, the best way to decide which broker is more suitable for you is to test them out by opening a demo account or a real account with a small deposit and testing their service and performance. You can also read online reviews and feedback from other traders who have used these brokers before.
