An In-depth Review of the FXOpen Broker: Expert Insight for Traders

As a trusted reviewer of trading platforms for DayFunded, I am here to share a detailed review of FXOpen, a well-established broker, serving customers since 2005. The main aim of this non-biased review is to equip you, the traders, with expert insight to make informed decisions when choosing a broker.

Brief Overview & Company Information

FXOpen, initially founded in 2003 has been online since 2005. It comprises several entities across different parts of the world: FXOpen AU, FXOpen UK, FXOpen EU, and FXOpen INT. Despite its global presence, it doesn't offer its services to US traders. This broker has built a strong reputation over the last years for its competitive offerings.

Account Opening & Size

FXOpen’s registration process is simple and straightforward. Remarkably, the minimum account size is as low as $1, making it accessible to traders of all levels. This becomes exceedingly welcoming to novice traders looking to experiment without a significant financial commitment.

Regulation

Being seriously regulated gives an extra layer of trust to traders. FXOpen being subject to regulatory supervision certainly makes it a safer choice for traders.

Trading Conditions

FXOpen allows a minimum position size of 0.01. It operates on a medium spread, which is considered favourable for both beginner and seasoned traders.

The max leverage however, appears to be unclear. I would advise potential clients to reach out to FXOpen directly for more accurate information.

Broker Features

FXOpen brings several enticing features to the table, proving to be more than just a regular broker. One of its exciting offerings includes Virtual Private Server (VPS) support, allowing traders to trade around the clock without needing their computers.

Furthermore, it offers segregated accounts, adding a layer of security by ensuring clients' funds are kept separate from company funds.

Excitingly, FXOpen organizes trading contests, encouraging competitive spirit and offering rewards. The PAMM service is a significant benefit for investors and money managers in terms of simplified portfolio management and risk diversification. Adding to it, FXOpen also entices its traders with a host of various bonuses.

####Rating
With an average rating of 8.7, FXOpen surely is a strong performer and stands as a competitive choice for both beginners and experienced traders alike.

Overall, the features, low account opening size, regulation, and decent rating make FXOpen an attractive option for all types of traders around the globe. However, the absence of detailed information about maximum leverage can be a potential turn down, hence it's crucial to reach out directly to the broker for further clarification.

Remember, the final decision always rests with you, the trader. Understand your trading needs and risk tolerance before signing up with a broker.

Don’t forget to check out more expert reviews on DayFunded to elaborate on your knowledge about different brokers. Happy Trading!