FXOpen Review 2026
The full FXOpen write-up for Singapore traders: the kitchen inspection, the ingredient costs, the bill, and our straight verdict.
Regulation in Singapore
| Regulator | FSA FSA, Seychelles Financial Services Authority (FSA) |
| Licence Number | SD025 |
| Regulated Entity | FXOpen Markets Ltd |
| Max Leverage (Forex) | 1:500 |
| 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 |
Verdict
Cooks under FSA (licence SD025). Cover charge $1. In Singapore, forex leverage is capped at 1:500.
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 Markets Ltd under FSA.
In Singapore, FXOpen serves as FXOpen Markets Ltd, cleared by FSA under licence number SD025. Under FSA house rules, Singapore traders are poured no more than 1:500 leverage on forex pairs.
Trading Platforms
Pros
- FSA regulated, licence SD025
- 700+ instruments to trade
- Negative balance protection in Singapore
- 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 FSA, issued to the entity FXOpen Markets Ltd, an authorisation you can look up for yourself on the official FSA public register.
What is the minimum deposit for FXOpen in Singapore?
The cover charge is $1, the smallest amount Singapore traders need to open a live account with FXOpen under FSA rules.
What leverage does FXOpen offer in Singapore?
In Singapore, FSA rules cap FXOpen at 1:500 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 FSA. 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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