FXOpen vs Spread Co

FXOpen vs Spread Co Comparison Table 2024
FXOpen Spread Co
3.7
Not Yet Rated

FXOpen is a multi-asset broker with regulation from several trustworthy bodies including the UK's FCA. The broker offers CFD trading on forex, stocks, commodities, indices, cryptocurrencies and ETFs via the MetaTrader 4 & 5 and TradingView platforms.

Spread Co offers spread betting and CFDs with competitive trading conditions.

Customer Reviews
5
Comment by Reviewer
"FXOpen is a good, reliable all-round broker with competitive pricing that will especially suit high-volume traders who can benefit from fee discounts."
Pros
  • No requotes
  • Phone dealing
  • News trading
  • 600+ instruments
  • True ECN model
  • Scalping permitted
  • Multiple payment methods
  • Bonuses and trading contests
  • Unlimited demo account
  • Copy trading (global traders)
  • Low minimum deposit (global traders)
  • MT4, MT5, TradingView & TickTrader platforms
Cons
  • Inactivity fee
  • Withdrawal fees apply for some methods
  • No access to all instruments on some accounts
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
  • Best Trading Platform 2010 - Falcon Awards
Instruments
Forex, CFDs, Indices, Commodities, Cryptocurrencies, ETFs, Shares Spread betting, CFDs, forex, indices, shares, commodities, ETFs, ADRs
Demo Account
Yes Yes
Minimum Deposit
£200
Trading Platforms
  • MT4
  • MT5
  • TradingView
  • Own
Payment Methods
Minimum Trade
0.01 Lots £0.10
Regulator
FCA, CySEC, ASIC FCA
Margin Trading
Yes No
STP Account
Yes No
ECN Account
Yes No
DMA Account
No No
MAM Account
No No
PAMM Account
Yes No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes No
Market Maker
No No
P2P Trading
No No
Spot Trading
No No
Mobile Apps
iOS & Android Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes No
Copy Trading Platform
FXOpen offers copy trading, enabling users to follow and copy the positions and strategies of other traders. Myfxbook and ZuluTrade are supported, two of the highest-rated and easiest to use third-party copy trading platforms on the market.
Social Trading
Yes No
Trade Signals
Yes
VPS Hosting
Yes No
Tournaments
Yes No
Demo Competitions
Yes No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$10
Islamic Account
Yes No
Account Currencies
  • USD
  • EUR
  • GBP
  • AUD
  • JPY
  • CHF
  • HKD
  • RUB
Stock Exchanges
Commodities
CFD Trading
FXOpen offers CFDs on multiple assets including forex, stocks, commodities, indices, cryptocurrencies and ETFs. Leverage and spreads vary by instrument, with spreads starting from zero and fast order execution. Trade with leveraged CFDs on popular financial markets.
Leverage
1:30 (EU), 1:500 (Global) 1:20
FTSE Spread
0.8 1.0
GBPUSD Spread
0.2 1.0
Oil Spread
4.0 4.0
Stocks Spread
N/A Variable
Forex Trading
FXOpen clients can trade 50+ forex pairs (28 on micro accounts) with leverage up to 1:30. Fees are competitive with spreads starting from zero with a small commission on ECN accounts, and slightly wider spreads and no commission on STP accounts. Spread Co offers trading on a long list of online currencies with competitive spreads.
GBPUSD Spread
0.2 1.0
EURUSD Spread
0.2 0.8
EURGBP Spread
0.2 1.0
Assets
50+ 38
Cryptocurrency
FXOpen offers CFDs on 40 cryptocurrency pairs, including cross-pairs with BTC as well as pairs with various fiat currencies such as GBP, USD and JPY. Crypto CFDs are tradeable with leverage of 1:2. Only pro traders can access crypto derivatives in the UK. Crypto trading not offered
Spread
Variable
Coins
  • BTC
  • BCH
  • ETH
  • LTC
  • ETC
  • EOS
  • DSH
  • XRP
  • IOT
  • XMR
  • NEO
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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