Written by ForexBrokers.com
In this head to head comparison of FOREX.com vs FXOpen, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
When comparing online brokers, FOREX.com and FXOpen stand out with distinct differences in their backgrounds and regulatory credentials. FOREX.com, founded in 1999, is publicly traded, which often brings an additional layer of transparency due to financial disclosure requirements. In contrast, FXOpen, established in 2003, is a privately-held company. Neither company operates as a bank, but the regulatory frameworks they adhere to are quite different.
Regarding regulatory oversight, FOREX.com boasts a strong compliance profile with seven Tier-1 licenses and one Tier-2 license, contributing to its perfect Trust Score of 99 as rated by ForexBrokers.com. This score indicates a high level of trust. FXOpen holds two Tier-1 licenses with no additional Tier-2 licenses, resulting in a Trust Score of 76, which places it in the average risk category. These licensing differences highlight FOREX.com as a potentially more reliable option for traders prioritizing regulatory robustness.
| Feature |
FOREX.com
|
FXOpen
|
|---|---|---|
| Year Founded | 1999 | 2003 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When it comes to comparing commissions and fees, FOREX.com offers traders multiple account types and execution methods, making it a strong choice among market maker brokers. However, our research suggests that FOREX.com may be a bit pricier compared to the industry average, unless you're trading beyond the United States. In the U.S., the Standard account features high average spreads of 1.4 pips for the EUR/USD, while its RAW account offers lower spreads of 0.13 pips with additional trade commissions. Notably, FOREX.com is rated 4.5 out of 5 stars and holds the 13th position out of 62 brokers evaluated by ForexBrokers.com in the Commissions and Fees category.
On the other hand, FXOpen's commission and fees structure is not detailed in terms of average spread data, which makes it less transparent in comparison. With an overall rating of 4 stars and a ranking of 45th out of 62 brokers for commissions and fees by ForexBrokers.com, FXOpen doesn't stand out as strongly as FOREX.com in this aspect. While both brokers have appealing features, FOREX.com offers more detailed transparency and a variety of account types suited for active traders willing to pay a bit more for added benefits.
In conclusion, FOREX.com appears to provide a more comprehensive outlook on its pricing, though at a potential premium for U.S traders when using the Standard account. FXOpen, while holding a decent rating, lacks detailed spread information, placing it further down in rankings. Therefore, for traders prioritizing transparency and a variety of account types, FOREX.com seems to be a stronger candidate despite slightly higher costs, especially for non-U.S. based clients.
| Feature |
FOREX.com
|
FXOpen
|
|---|---|---|
| Minimum Deposit | $100 | $100 |
| Average Spread EUR/USD - Standard | 1.4 | N/A |
| All-in Cost EUR/USD - Active | 0.9 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to the range of investments, FOREX.com and FXOpen offer distinct choices for traders. FOREX.com provides a much larger selection with 5,500 tradable symbols, which includes 91 forex pairs, giving it an edge for those who want a wide array of investment options. In contrast, FXOpen offers 87 tradable symbols, including 25 forex pairs, making it more suited for traders seeking specific opportunities without the extensive variety.
Neither FOREX.com nor FXOpen allows investing in exchange-traded securities on U.S. or international exchanges, nor do they offer the purchase of actual cryptocurrencies. Both do offer crypto derivatives. However, FXOpen provides the additional feature of copy trading, appealing to traders interested in mirroring successful strategies. For their range of investments, FOREX.com is highly rated with five stars and ranks 7th out of 62 brokers, whereas FXOpen holds three stars and ranks 61st, reflecting their differing asset availability and trading tools.
| Feature |
FOREX.com
|
FXOpen
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 87 |
| Forex Pairs (Total) | 91 | 25 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | No | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
When comparing the trading platforms and tools offered by FOREX.com and FXOpen, both brokers provide valuable options for traders. FOREX.com stands out with its proprietary platform, developed in-house, which is not offered by FXOpen. Both brokers provide options for Windows-based desktop and web-based trading platforms, making them accessible from different devices. If you're looking for a demo account to test your trading strategies without risk, both FOREX.com and FXOpen have you covered with free virtual accounts. However, while FXOpen supports copy trading and features industry-standard ZuluTrade, FOREX.com does not offer copy trading.
In terms of specific tools, FOREX.com provides 239 drawing tools for charting, significantly more than the 15 offered by FXOpen, allowing for more detailed analysis. FOREX.com also excels in watchlist customization, offering 20 fields compared to FXOpen's 7 fields. Both brokers allow traders to execute trades directly from charts, but FOREX.com enjoys a higher trading platform and tools rating with five stars, compared to FXOpen's four stars. This distinction is supported by ForexBrokers.com ranking FOREX.com 7th out of 62 brokers in this category, a considerable lead over FXOpen's 53rd position.
| Feature |
FOREX.com
|
FXOpen
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 88 | 30 |
| Charting - Drawing Tools (Total) | 239 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 20 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading experience of FOREX.com and FXOpen, both brokers provide apps for iPhone and Android, ensuring accessibility for a wide range of traders. Each app allows users to receive stock or forex price alerts, and they both offer functionalities such as drawing trendlines and viewing multiple time frames on charts. However, FOREX.com significantly stands out by offering 88 technical studies for analyzing market trends within its app, compared to FXOpen’s offering of 30. Additionally, FOREX.com provides watchlist symbol syncing, enabling seamless updates between the mobile app and online accounts, whereas FXOpen does not support this feature. FOREX.com also ensures that chart drawings are automatically saved, which is not the case with FXOpen.
FOREX.com also excels in enabling the creation of a watchlist with real-time quotes, a feature matched by FXOpen. Reflecting on user satisfaction, FOREX.com achieves a commendable 5-star rating for its mobile trading app, while FXOpen earns 4 stars. This difference is echoed in their rankings on ForexBrokers.com, where FOREX.com holds an impressive #3 spot out of 62 brokers, significantly ahead of FXOpen, which is positioned at #54. These distinctions underscore FOREX.com’s commitment to providing a more comprehensive and user-friendly mobile trading experience.
| Feature |
FOREX.com
|
FXOpen
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 88 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing market research offerings between FOREX.com and FXOpen, both platforms provide valuable resources like daily market commentary and forex news from respected sources such as Bloomberg and Reuters. However, the similarities largely end there. FOREX.com enhances its research capabilities with access to Trading Central tools, granting clients advanced technical analytics advantages that FXOpen does not. Moreover, FOREX.com provides a sentiment-based trading tool that helps traders gauge market trends by showing the ratio of long and short positions across currency pairs, a feature that is not available with FXOpen.
Both brokers supply users with an economic calendar to keep track of important global events, but FOREX.com stands out with a Research rating of 4.5 stars and a ranking of #9 out of 62 brokers according to ForexBrokers.com. In contrast, FXOpen receives a more modest Research rating of 3 stars and ranks last in the same category. This distinction highlights FOREX.com as a more comprehensive choice for traders seeking extensive market insights and tools to support their trading strategies.
| Feature |
FOREX.com
|
FXOpen
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, FOREX.com stands out compared to FXOpen. FOREX.com provides a comprehensive variety of learning materials, including at least 10 articles, videos, and archived webinars dedicated to forex and CFDs. They offer monthly live webinars and a searchable archive of past sessions to enhance your learning experience. Beginners at FOREX.com can also access more than 10 introductory videos tailored specifically for them, plus advanced videos for those looking to deepen their knowledge. An investor dictionary with definitions of over 50 investing terms is also available to help demystify the world of forex trading.
In comparison, FXOpen falls short in educating new traders. They do not meet the threshold of having 10 educational materials on forex and CFDs, nor do they provide monthly webinars or a searchable archive of past ones. While they do offer an investor dictionary similar to FOREX.com, their educational resources are considerably less extensive. This difference in educational offerings is reflected in their ratings: FOREX.com boasts 4.5 stars for education, ranking fourth out of 62 brokers, while FXOpen earns 3 stars with a 58th ranking in the same category.
| Feature |
FOREX.com
|
FXOpen
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that FOREX.com is better than FXOpen. FOREX.com finished with an overall rank of #5, while FXOpen finished with an overall rank of #54.
FOREX.com is a trusted brand that delivers an excellent trading experience for forex and CFDs traders across the globe. It offers a wide range of markets and provides an impressive suite of proprietary platforms – alongside limited access to MetaTrader.
| Feature |
FOREX.com
|
FXOpen
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 76 |
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Both FOREX.com and FXOpen provide access to cryptocurrency derivatives but do not offer the option to purchase actual (delivered) cryptocurrencies.
When comparing the online brokers FOREX.com and FXOpen, FOREX.com supports ACH or SEPA transfers and PayPal for deposits and withdrawals, whereas FXOpen does not, but FXOpen offers Skrill, unlike FOREX.com, while both brokers accept Visa, Mastercard, and bank wires as payment options.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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2 of 5| Overall Rating | FOREX.com | FXOpen | |
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| Trust Score | 99 | 76 | |
| Winner | check_circle | ||
| Review | FOREX.com Review |
| Broker Screenshots | FOREX.com | FXOpen | |
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| Regulation | FOREX.com | FXOpen | |
|---|---|---|---|
| Trust Score | 99 | 76 | |
| Year Founded | 1999 | 2003 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 2 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | FOREX.com | FXOpen | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | FOREX.com | FXOpen | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FOREX.com | FXOpen | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5500 | 87 | |
| Forex Pairs (Total) | 91 | 25 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | FOREX.com | FXOpen | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.4 | N/A | |
| All-in Cost EUR/USD - Active | 0.9 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | FOREX.com | FXOpen | |
|---|---|---|---|
| Minimum Deposit | $100 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | FOREX.com | FXOpen | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | FOREX.com | FXOpen | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 20 | 7 | |
| Charting - Indicators / Studies (Total) | 88 | 30 | |
| Charting - Drawing Tools (Total) | 239 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FOREX.com | FXOpen | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 88 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FOREX.com | FXOpen | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | FOREX.com | FXOpen | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FOREX.com | FXOpen | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | FOREX.com Review |
| Overall | FOREX.com | FXOpen | |
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| Trust Score | 99 | 76 | |
| Winner | check_circle | ||
| Review | FOREX.com Review |
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