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FXOpen in India — review, licence and costs
Score (6 of 6 axes scored)
ranked against full-basis brokers
- Reviews25%35
- Round-turn cost20%100
- Safety20%0
- Payouts15%80
- Track record10%no data
- Platforms10%50
Numbered by weight: axis 1 counts for most.
Key facts (6 facts)
- Onboarding entity
- FXOpen Markets Ltd
- Founded
- 2005
- Retail leverage
- 500IN
- Round turn
- 3 USDIN
- Currencies
- USD, EUR, GBP, others; INR base account not verified at review.
- Swap-free account
- yes
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Licence check
Open an account with FXOpenThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards India residents
- FXOpen Markets Ltd
- Local standing
- Not authorised in India. SEBI/RBI permit only exchange-traded INR pairs via SEBI-registered brokers; offshore CFD forex is outside the legal framework.
- Licence as the register states it
- No SEBI registration and no RBI-authorised ETP status. Group holds FCA UK and CySEC only.
- Leverage for this entity
- Offshore up to 1:500, but such offshore trading is not permitted for Indian residents.
- The firm behind it
- Founded 2005; UK/EU/offshore group; ECN pioneer.
- What we hold against it
- ASIC cancelled AU licence Sep 2024; using non-SEBI offshore brokers can breach FEMA for Indian residents.
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Indian residents enters the score.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youNot authorised in India. SEBI/RBI permit only exchange-traded INR pairs via SEBI-registered brokers; offshore CFD forex is outside the legal framework.
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Price against India market median(priced from 65 of 90)
Medians run over the 65 of 90 brokers that publish a price for India, never over the whole base. A spread without its commission is not a price and is not counted.
Accounts
Account types the broker names for this country: Micro/cent (from USD 1), STP, ECN (from USD 100), Crypto (from USD 10) — offshore terms only. The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Where FXOpen sits in the India base(90 brokers)
Round-turn cost, USD (65 of 90 priced)
Median 7 USD · range 2-18 · this broker 3 USD · 25 of 90 brokers do not publish it
Minimum deposit, USD (16 of 90 priced)
Median 15 USD · range 0-1000 · this broker 1 USD · 74 of 90 brokers do not publish it
Retail leverage (49 of 90 with a India figure)
Median 1:500 · range 20-5000 · this broker 1:500 · 41 of 90 brokers do not publish it
Withdrawal time published (90 brokers)
Payouts
Identical for every row: Deposit, h 24 · Fee, USD 0 · Min, USD 50.
Deposit and withdrawal methods (5 methods · 0 local rails)
Cards, wire, Skrill, Neteller, BTC, USDT;
- Cards
- Wire
- Skrill
- Neteller
- USDT
- Account currency
- USD, EUR, GBP, others; INR base account not verified at review.
- Fee declared
- 5 of 5 methods
- Withdrawal back to
- the funding method
Where it does not serve(1 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(4 platforms)
- MT4
- MT5
- TickTrader
| Class | Count | Min spread |
|---|---|---|
| MT4 | — | 1.1 |
| MT5 | — | 1.1 |
| TickTrader | — | 1.1 |
| All instruments | 700+ | — |
138 further account types are named by their brokers but publish none of these figures, so they are not in the comparison: Eightcap Standard, Eightcap Raw, Fusion Markets Classic account, Pepperstone Standard, Pepperstone no minimum deposit, Trade Nation Two live tiers - lower-leverage and 132 more.
Identical for every row: Leverage 500 IN.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 3.7 | — |
Share of reviewers in India: — The platform does not publish it.
Pros and cons(6 for and 4 against, each tied to a figure on this page)
- Round turn 3 USD on the raw + commission basis, under the India median 7
- Min deposit 1 USD, under the India median 15
- Withdrawal in 24 h, one of 74 of 90 brokers here that publish a time
- Swap-free account available
- Round-turn cost 100 of 100, its strongest of 6 scored axes
- 3 platforms: MT4, MT5, TickTrader
- No India authorisation on file: the entity that onboards you is licensed elsewhere
- A regulator warning is on file against this broker
- The published 1:500 comes from the group's offshore entity, not from the India one
- Safety 0 of 100, its weakest of 6 scored axes
Alternatives in India(6 of 90 scored in India)
- Round turn, USD
- 3.5IN
- Min deposit, USD
- 5IN
- Leverage
- 1000IN
- Rank in this country
- #31
- Round turn, USD
- 3.1IN
- Min deposit, USD
- 1 groupIN
- Leverage
- 2000IN
- Rank in this country
- #43
- Round turn, USD
- 4IN
- Min deposit, USD
- 10 groupIN
- Leverage
- 2000IN
- Rank in this country
- #48
- Round turn, USD
- 3IN
- Min deposit, USD
- 1 groupIN
- Leverage
- unlimited group
- Rank in this country
- #35
- Round turn, USD
- 3IN
- Min deposit, USD
- 50IN
- Leverage
- 500IN
- Rank in this country
- #9
- Round turn, USD
- 4IN
- Rank in this country
- #4
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a India score. Full methodology
| Axis | Weight | What is measured | FXOpen |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 35 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 100 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 0 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 80 |
| Track record | 10% | Years since the firm was founded, from its own filings | 100 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 50 |
FAQ
- Does FXOpen accept residents of India?
- No. Not authorised in India. SEBI/RBI permit only exchange-traded INR pairs via SEBI-registered brokers; offshore CFD forex is outside the legal framework. Onboarding entity: FXOpen Markets Ltd
- Is FXOpen licensed to serve clients in India?
- No SEBI registration and no RBI-authorised ETP status. Group holds FCA UK and CySEC only. Checked on 09.07.2026.
- How much does one round turn cost at FXOpen?
- About 3.0 USD per standard lot on EUR/USD. The median across brokers measured for India is 7.0 USD.
- What leverage does FXOpen offer to retail clients in India?
- Up to 1:500. Offshore up to 1:500, but such offshore trading is not permitted for Indian residents.
- Which trading platforms does FXOpen support?
- MT4, MT5, TickTrader. Instruments: FX, metals, indices, share CFDs, crypto CFDs (not the SEBI-permitted INR-pair set).
- How can I withdraw money from FXOpen in India?
- Cards, wire, Skrill, Neteller, BTC, USDT; no compliant Indian rail — legal brokers must use domestic banking channels, which FXOpen is not set up for.
- What account types does FXOpen offer?
- Micro/cent (from USD 1), STP, ECN (from USD 100), Crypto (from USD 10) — offshore terms only.
- Does FXOpen offer a swap-free (Islamic) account?
- Yes. FXOpen offers a swap-free (Islamic) account to India residents.
Cost calculator (median of 65 priced of 90)
EURUSD round turns at the prices captured 01.10.2026. Shown in USD only: we do not publish a INR conversion because the exchange rate is not part of our data.