FXOpen
Pros
- ECN execution with raw spreads from 0.0 pips
- Commission from $1.50 per lot on ECN accounts
- Four trading platforms including MT4, MT5, TickTrader and TradingView
- FCA and CySEC regulated entities
- Demo account with up to $5,000,000 virtual funds
- 700+ tradable instruments across forex, indices, stocks, ETFs and crypto
- Free VPS for eligible high-volume clients
- PAMM and copy trading available
Cons
- Inactivity fee of $10 per month after 90 days
- ASIC license cancelled in September 2024 due to serious regulatory concerns
- Minimal educational content compared to larger brokers
- Limited research tools and market analysis
- Demo account on TradingView not available
- Wire withdrawal fees apply on some entities
- Fewer stocks and commodities than some competitors