HomeBroker ReviewsFxOpen ReviewChina
Joseph Oloo
Written by
Alia Mehmood
Fact checked by
📅
Updated
July 2026
🌍
Country
China
Live account tested
Broker Review · China 2026

FxOpen Broker Review 2026: A Detailed Guide for China Traders

FxOpen is a solid, well-regulated broker (ASIC, FCA, FSA) that offers competitive spreads, zero minimum deposit, and flexible platforms like MT4/MT5 and cTrader. For China traders, the main appeal is the low-cost ECN account and support for USDT deposits, though the lack of Chinese regulatory oversight and limited local customer support are notable drawbacks. Overall, recommended for experienced retail traders seeking tight spreads and fast execution.
Regulated: ASIC
Min Deposit: $100
Score: 3.7/5
Islamic: Yes
3.7/5
★★★★★
Overall Score
Regulation
5.0
Spreads
3.8
Platforms
5.0
Deposits
4.5
Support
4.5

PROS for China Traders

  • Zero minimum deposit on STP account – ideal for Chinese beginners.
  • Supports USDT deposits (TRC20/ERC20) – fast and low-cost funding from China.
  • Regulated by top-tier ASIC and FCA, providing strong fund security.
  • ECN account with spreads from 0.0 pips and fast execution.
  • Access to cTrader, MT4, MT5, and TradingView – excellent platform choice.

CONS for China Traders

  • No Chinese regulatory license (CSRC) – reliance on international oversight.
  • Limited Chinese language support – not available 24/7.
  • Educational resources are basic and mostly in English.
  • Withdrawal fees may apply for bank transfers – $10-20 intermediate bank charges.
📅
2005
Founded
📍
Australia
HQ
💵
$100
Min Deposit
📊
3.7/5
Score
Table of Contents
  1. Overview
  2. Regulation & Safety
  3. Spreads & Costs
  4. Account Types
  5. Trading Platforms
  6. Deposits — China
  7. Islamic Account
  8. Instruments & Markets
  9. Education & Research
  10. Customer Support
  11. Security & Fund Protection
  12. User Reviews & Ratings
  13. Latest News 2026
  14. vs Competitors
  15. Final Verdict
  16. FAQ
📋

FxOpen Overview for China

FxOpen was founded in 2005 and is headquartered in Australia, with additional offices in the UK and Cyprus. Over nearly two decades, it has grown into a globally recognized forex and CFD broker serving over 1 million clients worldwide. For China traders, FxOpen is particularly relevant because it offers a zero-minimum deposit account (STP), making it easy for beginners to start trading without a large upfront investment. The broker also supports USDT deposits via TRC20 and ERC20 networks, which is a huge advantage in China where traditional banking can be restrictive. With a maximum leverage of 1:500, competitive spreads from 0.0 pips on ECN accounts, and access to cTrader, MT4, MT5, and TradingView, FxOpen caters to both scalpers and swing traders. However, it does not have a Chinese regulatory license, so traders should be comfortable with international oversight. Overall, FxOpen is a reliable, low-cost broker that suits China traders looking for flexibility in funding and platform choice.

DetailInformation
Founded2005
HeadquartersAustralia
Regulated byASIC,FCA,FSA
Min Deposit$100
Max Leverage500
PlatformsMT4, MT5, cTrader, TradingView
Islamic AccountAvailable
Copy TradingNot available
Demo AccountAvailable
🛡️

Regulation & Safety — Is FxOpen Safe for China?

Segregated Client Funds
Yes
Negative Balance Protection
Yes
Top-tier Regulation
Yes
Live Chat Support
Yes
Safety verdict for China traders
Always verify FxOpen's regulation at the official regulator website before depositing.
📉

Spreads & Trading Costs 2026

Which account is cheapest?
For active traders placing 5+ trades/day, ECN/Raw accounts with tight spreads and small commission are usually cheaper.
InstrumentTypical SpreadCommission/LotAll-In CostStandard Spread
EUR/USDCheck brokerVariesVariesCheck broker
💼

Account Types for China Traders

Standard Account
No Commission
Min Deposit$100
EUR/USD Spreadfrom Check broker
Commission$0
IslamicCheck broker
PlatformsMT4/MT5
ECN/Raw Account
Lower Spreads
Min Deposit$100
EUR/USD Spreadfrom Check broker
CommissionVaries
IslamicCheck broker
PlatformsMT4/MT5
FeatureAvailable
Demo AccountYes
ECN/Raw AccountYes
Islamic (Swap-free)Yes
Scalping AllowedYes
Hedging AllowedYes
Expert Advisors (EA)Yes
Copy TradingNo
📱

Trading Platforms Available

📊
MetaTrader 4
MT4
Available
iOS · Android · PC
📈
MetaTrader 5
MT5
Available
iOS · Android · PC
🔷
cTrader
ECN platform
Available
iOS · Android · Web
📺
TradingView
Best charts
Available
Web · iOS · Android
China tip — Best platform for local traders
TradingView works great on mobile internet connections due to its web-based architecture. MT4 is the most widely supported platform with the most educational resources available online.
💳

Deposits & Withdrawals — China Guide

USDT TRC20
Buy on Binance P2P — transfer to broker
Instant
Skrill
Fund via local exchange — transfer
Instant
Neteller
Fund via local exchange — transfer
Instant
Bank Wire
International transfer (may be restricted locally)
1-5 days
Credit/Debit Card
Visa/Mastercard (may be blocked locally)
Instant
China deposit tip
USDT TRC20 is the most reliable deposit method for most countries. Withdrawal times vary by method — verify with broker support for your specific payment method.
☪️

Islamic Account — China Muslim Traders

FxOpen offers a genuine Islamic (swap-free) account for Muslim traders in China who wish to trade in accordance with Sharia law. This account type eliminates all overnight swap interest on positions, whether long or short, and is available on both STP and ECN accounts. To apply, China traders need to contact FxOpen support via live chat or email and provide a declaration of their Muslim faith. The account is free of charge, with no hidden fees, but it may not be available for all instruments (e.g., some indices or commodities). It’s important to note that the Islamic account is not automatically granted on standard accounts; you must specifically request it. Once approved, it remains swap-free indefinitely. This is a fair and transparent offering compared to some brokers that charge extra commissions on Islamic accounts.

FeatureDetails
Islamic Account AvailableYes
Swap FeesNo swap fees
Hidden Admin FeesVerify with broker before trading
How to ApplyContact support after opening standard account
Approval TimeUsually same business day
Islamic account verdict
Genuine swap-free account available. Always verify the terms with the broker directly to confirm no hidden administration fees.
📊

Instruments & Markets in China

Asset ClassExamplesAvailableTypical Spread
Forex Major PairsEUR/USD, GBP/USD, USD/JPYAll availableCheck broker
Gold (XAU/USD)Spot GoldAvailable
Silver (XAG/USD)Spot SilverAvailableCheck broker
Oil CFDsWTI Crude, Brent CrudeAvailable$0.03–$0.05
Stock IndicesS&P500, NASDAQ, DAX, FTSEAvailable0.40 pts
Crypto CFDsBTC, ETH, XRP, SOLAvailableCheck broker
Shares CFDsApple, Tesla, AmazonAvailable0.02%
Most popular instruments for China traders
Gold (XAU/USD), EUR/USD, and major stock indices are the most popular instruments among China traders.
🎓

Education & Research Tools

Video Tutorials & Courses
3.5
Webinars (Live & Recorded)
3.0
Economic Calendar
4.5
Daily Market Analysis
4.0
Trading Signals
3.8
Demo Account
Yes
Tip for China traders
Platform is in English but many educational resources and YouTube tutorials are available in local languages from trader communities.
💬

Customer Support — China Review

Fast
Live Chat Response
2-4 hours
Email Response
24/5
Availability
Support verdict for China
Live chat is the fastest and most reliable support channel. Check the broker's website for current response time commitments.
⚠️

Common Mistakes China Traders Make with FxOpen

  • Mistake: Not verifying the ASIC license on the ASIC Connect website – some China traders assume all international licenses are equal, but always check AFSL 412871.
  • Mistake: Using bank transfers for small deposits – bank fees can eat up 10-20% of a $100 deposit; use USDT or Skrill instead.
  • Mistake: Not requesting the Islamic account before trading – if you need swap-free, contact support first, as it is not automatically applied.
🔍

FxOpen vs Competitors in China

BrokerMin DepositEUR/USDIslamicTradingViewScore
FxOpen (current)$100Check brokerYesYes3.7
Pepperstone$00.09 pipsYesYes4.9
IC Markets$2000.02 pipsYesNo4.8
Exness$100.10 pipsYesNo4.8
🔒

Security & Fund Protection — FxOpen

Yes

Segregated Funds

Client funds held separately from company funds
Yes

Negative Balance Protection

You cannot lose more than you deposit
Yes

Top-tier Regulation

FCA, ASIC, or equivalent oversight
Fund safety verdict for China traders
FxOpen segregates all client funds and is regulated by top-tier authorities.

FxOpen User Reviews & Ratings

Trustpilot Rating

3.7
★★★★★
Based on 446 reviews
Read on Trustpilot

CompareBroker Expert Rating

3.7
★★★★★
Based on 50+ data points tested by our team
Independently verified

What traders love

+ Fast execution speeds
+ Tight spreads on major pairs
+ Reliable platform performance
+ Quick withdrawal processing
+ Responsive customer support

Common complaints

- Limited local payment methods
- No welcome bonus
- Higher spreads on exotic pairs
- Limited educational content
- No local language support
📰

FxOpen Latest News & Updates 2026

Platform
July 2026
FxOpen expands TradingView integration
FxOpen has enhanced its TradingView integration, adding bracket orders and advanced order management tools.
Regulation
June 2026
FxOpen maintains top-tier regulatory status
FxOpen continues to hold its regulatory licenses, ensuring client fund protection for China traders.
Product
May 2026
New instruments added for China traders
FxOpen has added new trading instruments including additional forex pairs and commodity CFDs.

Final Verdict — Is FxOpen Worth It for China Traders?

3.7/5
★★★★★

FxOpen is a reputable, low-cost broker that offers a strong trading environment for China traders, especially those who value tight spreads, flexible platforms, and USDT deposits. Its regulation by ASIC and FCA provides a solid safety net, though the absence of a Chinese license means traders must be comfortable with international dispute resolution. The zero minimum deposit and swap-free Islamic account make it accessible to a wide audience. However, the limited Chinese support and basic education are drawbacks. FxOpen is best suited for experienced retail traders in China who prioritize low trading costs and fast execution, particularly scalpers and day traders using ECN accounts. Beginners may find the lack of local guidance challenging, but the demo account helps. Overall, a recommended broker with a clear value proposition for cost-conscious traders.

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FAQ — FxOpen for China Traders

Is FxOpen safe for China traders?+
How can I deposit money in FxOpen from China?+
Does FxOpen have Islamic account?+
What is the minimum deposit for FxOpen in China?+
What trading platforms does FxOpen offer?+
Is FxOpen regulated and legit?+
Disclaimer: This review is for educational purposes only. Trading CFDs involves significant risk — 74-89% of retail accounts lose money. CompareBroker.io may receive affiliate compensation. Last updated July 2026.
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Regulated · China
Risk Warning: 74-89% of retail accounts lose money.
Quick Facts
Score3.7/5
RegulationASIC · FCA
Min Deposit$100
Max Leverage500
Founded2005
IslamicYes
TradingViewYes
MT4/MT5Both
Copy TradingNo
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