FxPlayer vs FXOpen

FxPlayer vs FXOpen Comparison Table 2024
FxPlayer FXOpen
1.5
3.7

Founded in 2014, FxPlayer is a forex and CFD broker registered offshore in the Marshall Islands. This brokerage offers a very small selection of forex, commodities and indices on a range of accounts starting from $50. As an NDD broker, clients are promised tight ECN pricing, tier 1 liquidity and fast execution.

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.

Customer Reviews
5
Bonus Offer
100% - 500% Deposit Bonus
Promotions

Earn Up To $3,000 With FxPlayer’s Welcome Deposit Bonus

Comment by Reviewer
"FxPlayer could suit beginners looking for a welcome bonus and access to popular financial markets with micro-lot trading." "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
  • Several trading platforms to choose from, including MT4, Currenex and ActTrader
  • The broker provides a strong selection of deposit bonuses for new users
  • Clients can fund accounts using popular payment options, plus Bitcoin
  • A range of account types with micro-lot trading available
  • Competitive ECN spreads from 0.3 pips on major currency pairs
  • Copy trading available in the broker's proprietary terminal
  • Low minimum deposit of just $50
  • 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
  • Beginners do not have access to helpful training materials or platform tutorials
  • Very poor customer support with no email, telephone or live chat
  • Registered offshore with weak regulation and trust score
  • No shares or cryptos available
  • No mobile app
  • 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
CFDs, Forex, Stocks, Futures, Commodities Forex, CFDs, Indices, Commodities, Cryptocurrencies, ETFs, Shares
Demo Account
Yes Yes
Minimum Deposit
$50
Trading Platforms
  • MT4
  • MT5
  • ActTrader
  • MT4
  • MT5
  • TradingView
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
FCA, CySEC, ASIC
Margin Trading
Yes Yes
STP Account
Yes Yes
ECN Account
Yes Yes
DMA Account
Yes No
MAM Account
No No
PAMM Account
No Yes
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
No iOS & Android
Auto Trading
Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader
Copy Trading
No Yes
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
No Yes
Trade Signals
Yes
VPS Hosting
No Yes
Tournaments
No Yes
Demo Competitions
No Yes
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$10
Islamic Account
No Yes
Account Currencies
  • USD
  • USD
  • EUR
  • GBP
  • AUD
  • JPY
  • CHF
  • HKD
  • RUB
Stock Exchanges
Commodities
CFD Trading
Access CFDs across indices and commodities with leverage up to 1:200. We liked the good choice of platforms, however, the lack of additional trading features is disappointing. 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.
Leverage
1:200 1:30 (EU), 1:500 (Global)
FTSE Spread
Variable 0.8
GBPUSD Spread
Variable 0.2
Oil Spread
Variable 4.0
Stocks Spread
NA N/A
Forex Trading
FxPlayer offers an average suite of 38 forex pairs with competitive minimum spreads from 0.3 pips, in line with other brokers. The popular MT4 forex trading platform is also available. 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.
GBPUSD Spread
0.5 0.2
EURUSD Spread
0.4 0.2
EURGBP Spread
0.5 0.2
Assets
38 50+
Cryptocurrency
Crypto trading not offered 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.
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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