FXOpen Review 2026
The full FXOpen write-up for New Zealand traders: the kitchen inspection, the ingredient costs, the bill, and our straight verdict.
Regulation in New Zealand
| Regulator | ASIC ASIC, Australian Securities and Investments Commission (ASIC) |
| Licence Number | 383842 |
| Regulated Entity | FXOpen AU Pty Ltd |
| Max Leverage (Forex) | 1:30 |
| Minimum Deposit | $1 |
| EUR/USD Spread | From 0.0 pips (ECN/Raw) |
| Instruments | 700+ |
| Platforms | MT4, MT5, TickTrader |
| Copy Trading | ✗ |
| Real Stocks | ✗ |
| Inactivity fee | No inactivity fee |
| Verify on ASIC register → | 383842 |
Verdict
Cooks under ASIC (licence 383842). Cover charge $1. In New Zealand, forex leverage is capped at 1:30.
About FXOpen
FXOpen opened its doors in 2005 out of a kitchen in London, UK. Its menu runs to 700 tradeable instruments, forex pairs alongside CFDs on stocks, indices and commodities. It holds licences across several jurisdictions, with the head licence carried by FXOpen AU Pty Ltd under ASIC.
In New Zealand, FXOpen serves as FXOpen AU Pty Ltd, cleared by ASIC under licence number 383842. Under ASIC house rules, New Zealand traders are poured no more than 1:30 leverage on forex pairs.
Trading Platforms
Pros
- ASIC regulated, licence 383842
- 700+ instruments to trade
- Negative balance protection in New Zealand
- Platforms: MT4, MT5, TickTrader
- Founded in 2005 (21 years operating)
- Headquartered in London, UK
Cons
- No inactivity fee
- 76% of retail clients burn their fingers
- CFDs only, you trade the price, you never own the dish
- No real stock ownership
Frequently Asked Questions
Is FXOpen regulated?
Yes. FXOpen is authorised by ASIC, issued to the entity FXOpen AU Pty Ltd, an authorisation you can look up for yourself on the official ASIC public register.
What is the minimum deposit for FXOpen in New Zealand?
The cover charge is $1, the smallest amount New Zealand traders need to open a live account with FXOpen under ASIC rules.
What leverage does FXOpen offer in New Zealand?
In New Zealand, ASIC rules cap FXOpen at 1:30 on forex pairs. A larger pour is sometimes available through offshore-regulated entities, with thinner protection to match.
Is FXOpen safe to trade with?
The kitchen passes inspection: FXOpen cooks under ASIC. A tier-1 regulator insists on segregated client money, negative balance protection and independent audits, while lighter offshore regimes offer weaker cover and often no compensation scheme. That does not make trading risk-free, so check which entity holds your account and what protections actually apply before you deposit.
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