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 comparing FOREX.com and FXOpen in terms of commissions and fees, FOREX.com stands out with its multiple account types and execution methods. FOREX.com offers transparent execution statistics and slightly above-average pricing for its Standard account holders, especially within the U.S. This account type generally comes with higher spreads, particularly 1.4 pips for the EUR/USD as of July 2023. However, U.S. traders may benefit from the features of the RAW account, designed for higher-frequency participants with spreads averaging 0.13 pips for the EUR/USD, subject to additional commission per trade.
The RAW Spread account from FOREX.com is commission-based and caters to dedicated traders through volume-based rebates. These rebates vary across six tiers, incentivizing significant monthly trading volumes. Despite potentially high costs for traders transacting under $50 million monthly, FOREX.com still provides competitive conditions for volume traders with these rebates. Overall, FOREX.com boasts a solid 4.5-star rating for its commission and fees structure and ranks #13 out of 63 brokers according to ForexBrokers.com.
FXOpen, though lacking detailed average spread data, presents itself as a viable option with a 4-star rating for commissions and fees. Despite trailing behind FOREX.com in ranking at #44, FXOpen might favor traders seeking an alternative broker setup. While FXOpen doesn't distinguish itself with particularly low spreads or detailed pricing transparency that matches FOREX.com's standards, it remains a commendable choice for traders not prioritizing reduced cost structures.
| 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 |
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When it comes to the range of investments offered by online brokers, FOREX.com and FXOpen present distinct choices for traders. FOREX.com stands out with a remarkable selection of 5,500 tradeable symbols, significantly surpassing FXOpen's 87 symbols. In terms of forex trading, FOREX.com provides access to 80 tradeable forex pairs, compared to the 25 pairs available through FXOpen. Both platforms allow forex trading in the form of CFDs or spot contracts, but neither brokers provide options for investing in exchange-traded securities on U.S. or international exchanges.
For those interested in cryptocurrency, both FOREX.com and FXOpen offer cryptocurrency derivatives rather than the actual digital coins. However, a key differentiating factor is FXOpen's support for copy trading, which is absent from FOREX.com. These factors contribute to FOREX.com receiving a high rating of 5 stars for its range of investments, placing it 7th out of 63 brokers reviewed by ForexBrokers.com. In contrast, FXOpen earns a 3-star rating and ranks 62nd, highlighting a narrower investment offering.
| Feature |
FOREX.com
|
FXOpen
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 87 |
| Forex Pairs (Total) | 80 | 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 trading platforms and tools, FOREX.com and FXOpen both offer a strong set of features, but they cater to different trader needs. Both brokers provide free virtual demo accounts, allowing newcomers to practice without financial risk. FOREX.com distinguishes itself with an in-house developed proprietary platform, bolstered by both Windows-based desktop and web-based interfaces. It also supports popular platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Notably, FOREX.com offers extensive charting options with 239 drawing tools, enabling traders to conduct detailed technical analysis. In contrast, FOREX.com lacks copy trading capabilities and integration with social trading platforms like ZuluTrade.
FXOpen excels in copy trading and offers integration with both ZuluTrade and MT4/MT5 platforms. While it lacks a proprietary platform, it supports comprehensive trading on widely-used platforms, including a web-based interface and a desktop download for Windows users. FXOpen also provides a smaller set of 15 drawing tools for charting and seven watch list columns, catering to traders who prefer a streamlined approach. When rated by ForexBrokers.com, FOREX.com receives a higher rating of 5 stars versus FXOpen's 4 stars in the Trading Platforms and Tools category, ranking significantly higher at #7 compared to FXOpen's #53 out of 63 brokers.
| 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 |
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When choosing between FOREX.com and FXOpen for mobile trading apps, both platforms provide apps for iPhone and Android, along with features like stock or forex price alerts and the ability to draw trendlines on charts. However, FOREX.com edges ahead with its enhanced features. While both apps allow you to create real-time watchlists, FOREX.com offers watchlist symbol syncing, ensuring that any changes made on mobile or online platforms are seamlessly updated. Moreover, FOREX.com's charting options include 88 technical studies compared to FXOpen's 30. Another advantage of FOREX.com is that it automatically saves your chart drawings, unlike FXOpen.
Overall, users may find FOREX.com's mobile app to be more comprehensive and user-friendly, as reflected in its higher rating of 5 stars compared to FXOpen's 4 stars. FOREX.com is ranked #3 out of 63 brokers in the Mobile Trading Apps category by ForexBrokers.com, while FXOpen holds the #54 spot. These distinctions make FOREX.com a compelling choice for traders seeking a more feature-rich and integrated 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 the market research offerings of FOREX.com and FXOpen, both brokers provide daily market commentary along with forex news sourced from well-regarded agencies such as Bloomberg and Reuters. However, differences become apparent when delving into specific tools and resources. FOREX.com distinguishes itself by integrating Trading Central’s technical analytics tools and a sentiment-based trading tool that reveals the market's long and short positions. On the other hand, FXOpen does not offer these specialized resources, potentially limiting its appeal to those who weigh detailed technical analysis and market sentiment tools heavily.
Both brokers include useful resources like an economic calendar that updates users on global news events impacting various economies. However, according to ForexBrokers.com, the research facilities at FOREX.com earn a higher rating of 4.5 stars, ranking them 9th among 63 brokers. In comparison, FXOpen’s research credentials receive a more modest 3-star rating, placing them at the bottom of the rankings at 63rd. This difference highlights FOREX.com as a preferable choice for traders who prioritize comprehensive market research and advanced analytic tools in their trading platform.
| 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 provides a wealth of opportunities for learning. The broker offers an extensive range of over 10 educational pieces, including articles, videos, and archived webinars focused on forex and CFDs. Beginners can also access monthly online educational webinars, enhancing their understanding of trading concepts. Additionally, FOREX.com has a searchable archive of recorded webinars and a collection of beginner and advanced videos covering essential trading topics. An investor dictionary with over 50 terms is also available, making it easier for newcomers to familiarize themselves with trading jargon. Given these offerings, FOREX.com earns a solid 4.5 stars for education, securing the #4 position among 63 brokers as ranked by ForexBrokers.com.
In contrast, FXOpen offers more limited educational resources for new traders. The broker does not meet the standard of providing at least 10 educational pieces focused on forex or CFDs and does not host monthly online educational webinars. FXOpen lacks a searchable archive of past webinars and falls short in offering a significant number of educational videos tailored for beginner and advanced traders. However, FXOpen does provide an investor dictionary with definitions of over 50 terms. With these limitations in mind, FXOpen is rated 3 stars for education and is positioned at #58 out of 63 brokers by ForexBrokers.com in the Education 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 63 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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0 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) | 80 | 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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