FXOpen – reliable or scam?
Another large Forex broker that also offers an ECN account and thus fits the needs of more professional traders is called FXOpen. FXOpen is pretty large and you can find a lot of feedback online. We already tested FXOpen here: FXOpen review and we made nothing but good experiences with this broker. It’s not even close to a scam, we can already say so.
But there are also bad opinions on FXOpen. Not everybody is happy with them. Although there’s no Forex broker that everybody likes but you also have to take a look at negative experiences to stay objective.
A few traders compalin that trades go in the wrong direction immediately after opening a position or that you get scammed when you make profit. At brokers like FXCM or Forex.com you will hear this rather often but pretty rarely about FXOpen. It’s pretty interesting that the traders that say so only make short reviews without any evidence. Complaints that FXOpen is not regulated and not a real company are simply not true.
FXOpen offers an open forum for traders. Obviously we can’t prove it but the forum looks pretty objective and there’s not a lot censorship going on. This makes FXOpen more reliable.
In summary you will also find negative experiences with FXOpen but it’s pretty evident that most of them come from competitors. The nicknames and the way they write are pretty similar. The Internet offers this opportunity. You just don’t have to pay too much attention to reviews that look suspicious.