Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
6/10 · HighFXOpen EU Ltd holds CySEC licence 194/13, but non-EU clients deal with an unlicensed Nevis company, ASIC cancelled the Australian licence in 2024 and the UK firm is leaving the market.
Identity & transparency
4/10 · ModerateAll companies appear on official registries with matching details, but the controlling owner faces US charges, the post-2025 owner of the EU firm is not public and the Nevis company lists only an agent address.
Withdrawals & conduct
4/10 · ModerateAbout 11 fund-related Trustpilot complaints since 2024 with different causes and company replies; no repeated mechanism, no time cluster and no demand for extra fees.
Reputation
6/10 · HighMixed user ratings (Trustpilot 3.7 from 463 reviews, Google Play 4.3) set against an Australian licence cancellation, a CySEC decision about the owner and US charges against the owner.
Website claims
5/10 · ModerateFooters name each company correctly, but UK pages still advertise FCA trading and FSCS cover after the UK closure, and records do not support the 2005 start date.
Operational history
6/10 · Highfxopen.com has hosted the broker since 2007 and the oldest group company dates from May 2010, a verified history of more than 16 years.
Who they are
A quick desk file on the company behind the brand.
- Brand: FXOpen, with the trading names FXOpen EU, FXOpen UK, FXOpen AU and FXOpen INT.
- Legal entity: FXOpen EU Ltd, Cyprus company HE 310300, registered on 8 August 2012. The Cyprus registry lists the earlier names AMB Prime Ltd, Monex Capital Markets CY Limited and Valutrades CY Limited.
- Registered: 38 Spyrou Kyprianou Street, CCS Building, Office N101, 4154 Limassol, Cyprus.
- Other companies: FXOpen Markets Limited, Nevis company C 42235, serves clients outside the EU. FXOpen Ltd in the UK, company 07273392, and FXOpen AU Pty Ltd in Australia take no new clients.
- Website: fxopen.com, with separate sections for EU, UK and international clients.
- Licence: CySEC licence 194/13, held by FXOpen EU Ltd, for order handling, order execution and dealing on own account across the EU.
- No licence: FXOpen Markets Limited names no financial regulator. The only address on the FXOpen INT contact page is a registered agent in Charlestown, Nevis.
- Offers: CFDs on forex, indices, commodities, shares and crypto. A CFD is a contract that pays the price change of an asset without owning the asset. FXOpen INT offers leverage up to 1:500, so 1 dollar of margin controls 500 dollars of trades.
- Platforms: TickTrader for all clients, plus MT4 and MT5 for EU clients.
- Not accepted: residents of the United States. The international site also excludes Belgium and Japan.
- Owner: Companies House lists Aliaksandr Klimenka as the person with significant control of FXOpen Ltd since April 2016.
- Age claim: FXOpen says its brokerage launched in 2005. The earliest independent record is the fxopen.com domain, registered in April 2007.
Regulation
Who really oversees this broker, and what each licence is worth to you.
Proof of regulation on an official register: Yes
We confirmed this broker on a genuine regulator’s register.
Licences the broker publishes
Cyprus Securities and Exchange Commission (CySEC)
Financial Conduct Authority (FCA)
Nevis company registration (FXOpen Markets Limited)
Found by our investigation (1) — the broker does not list these on its own site
Australian Securities and Investments Commission (ASIC)
Found by us — not listed by the broker
Why we reached this verdict
How the evidence adds up.
We rate FXOpen high risk because the problems concern its ownership and its licences, not the way FXOpen handles client deposits.
- ASIC announced on 4 September 2024 that it had cancelled Australian financial services licence 412871 of FXOpen AU Pty Ltd. ASIC found staffing and supervision failures and a breach of the key person condition. A key person condition requires named, qualified people to run the licensed business. FXOpen AU asked a tribunal to review the decision.
- CySEC, the Cyprus regulator, decided in July 2024 that Aliaksandr Klimenka's influence was likely to harm the sound and prudent management of FXOpen EU Ltd. Sound and prudent management means careful, independent running of the firm. Trade reports say CySEC suspended Klimenka's voting rights after a 6-month period.
- Companies House still lists Aliaksandr Klimenka as the person with significant control of FXOpen Ltd. A September 2026 trade report says shares in FXOpen EU Ltd changed hands in January 2025, but the new owner is not public.
- In 2024, US prosecutors unsealed charges of money laundering conspiracy and running an unlicensed money transfer business against Aliaksandr Klimenka. The US Justice Department says Klimenka allegedly controlled the BTC-e exchange, Soft-FX and FX Open.
- FXOpen Ltd closed its UK client accounts after deadlines in September 2026 and applied in October 2026 to cancel its FCA authorisation. The UK home page still describes FSCS cover, the UK compensation scheme, and live trading.
- Clients outside the EU deal with FXOpen Markets Limited in Nevis, which names no financial regulator. Brazil's securities regulator CVM warns that FXOpen Markets Limited is not authorised to offer investments to Brazilian residents. IOSCO relayed the CVM notice in January 2017.
- Older warnings also name the brand. In 2011, a US court ordered FXOpen Investments Inc. to pay a 140,000 dollar penalty for unregistered forex dealing with US customers. In 2024, Ukraine's securities regulator listed the name FXopen as unlicensed, without naming a website.
- FXOpen EU Ltd holds CySEC licence 194/13, and the CySEC register lists www.fxopen.com as the approved website. The FCA register shows no disciplinary history for FXOpen Ltd.
- We found no sign that FXOpen refuses withdrawals as a pattern. About 11 fund-related complaints since 2024 have different causes, such as identity checks, late crypto deposits and bonus terms.
- FXOpen says its brokerage began in 2005, but the earliest record we could find is the fxopen.com domain from April 2007. The oldest group company, FXOpen AU Pty Ltd, dates from May 2010.
- The ownership and licence problems place FXOpen in the high-risk band, not the scam band. We found no regulator or court finding that FXOpen took client money and refused to return the money.
Evidence ledger
Every finding, with its source and how strongly it points.
E1The CySEC register lists FXOpen EU Ltd with licence 194/13 dated 17 Apr 2013, company number 310300, the Limassol address and www.fxopen.com as the approved domain. The listed services include order execution and dealing on own account across the EU and EEA.
Hard proofCySEC registerE2The FCA register lists FXOpen Ltd, firm reference 579202, first authorised on 22 Mar 2013, with website www.fxopen.co.uk and no disciplinary history. The entry lists 6 clone notices about impersonators such as fxoppen.co, fxopenltd.com, fxopenvip.com and FXOpen Finance.
E3FXOpen Ltd applied to cancel its FCA authorisation, and the FCA register dates the application to 22 Oct 2026. The only remaining investment permission is arranging safeguarding and administration of assets.
ModerateFCA Financial Services RegisterE4The FXOpen UK account page states that FXOpen UK is currently not accepting any new account applications.
ModerateFXOpen UK websiteE5Finance Magnates reported on 22 Oct 2026 that FXOpen UK set deadlines of 16 and 21 September 2026 for retail and professional clients, closed client accounts and applied to cancel its FCA permissions.
ModerateFinance MagnatesE6ASIC announced on 4 Sep 2024 that it had cancelled AFS licence 412871 of FXOpen AU Pty Ltd. ASIC cited inadequate human resources and supervision, a breached key person condition and failures to comply with financial services laws. FXOpen AU applied for a Tribunal review on 25 Sep 2024.
E7The FXOpen AU notice of 11 Sep 2024 confirms the ASIC cancellation, says FXOpen AU takes no new clients and directs withdrawal questions to support@fxopen.com.au.
E8The US Justice Department announced on 1 Feb 2024 an unsealed indictment charging Aliaksandr Klimenka with money laundering conspiracy and operating an unlicensed money services business. The release says Klimenka allegedly controlled BTC-e, Soft-FX and FX Open. Latvian authorities arrested Klimenka on 21 Dec 2023 at the US request.
E9Companies House lists Aliaksandr Klimenka as a person with significant control of FXOpen Ltd since 6 Apr 2016, with 75 percent or more of shares and voting rights.
ModerateCompanies HouseE10CySEC published on 29 Oct 2024 a board decision of 29 Jul 2024 about the influence of Aliaksandr Klimenka on the sound and prudent management of FXOpen EU Ltd.
ModerateCySEC board decisionE11Finance Magnates reported on 29 Oct 2024 that the CySEC decision suspends the voting rights on Klimenka's shares after 6 months, to give FXOpen EU Ltd time to change ownership or governance.
WeakFinance MagnatesE12IOSCO I-SCAN relays a Brazil CVM notice that FXOpen Markets Limited is not authorised to offer investment opportunities to Brazilian residents. The notice names the web page fxopen.com.br.
E13IOSCO I-SCAN relays a 21 Mar 2024 entry from Ukraine's NSSMC listing FXopen as an unlicensed entity likely offering services to Ukrainian consumers. The entry names no website or company, so a clone cannot be ruled out.
E14A US federal court consent order of 22 Dec 2011 made FXOpen Investments Inc. pay a 140,000 dollar civil penalty for acting as an unregistered retail forex dealer for US customers. The order also required the firm to close US accounts and return US funds.
ModerateCFTC press release 6164-12E15Finance Magnates reported in January 2012 that the FXOpen Investments Inc. settlement concerned the FXOpen broker, the largest firm in the CFTC sweep.
WeakFinance MagnatesE16IOSCO I-SCAN relays a 2010 Mauritius FSC entry that lists FXOpen Investments Inc. among unauthorised entities.
E17The FXOpen INT site names FXOpen Markets Limited, Nevis company C 42235, as the operator and offers leverage up to 1:500. Under the heading Peace of mind, the site cites only the Nevis company registration.
ModerateFXOpen INT websiteE18The FXOpen INT contact page gives Lighthouse Trust Nevis Ltd in Charlestown, Nevis, a registered agent, as the only address.
E19The FXOpen UK home page still says retail client funds are protected up to 85,000 pounds by the FSCS and shows live prices, although FXOpen UK takes no new accounts.
E20The FXOpen UK institutional site still carries the heading Authorised and Regulated by the FCA and an Open a Corporate Account button.
E21Trustpilot shows 463 reviews for www.fxopen.com with a TrustScore of 3.7: 63 percent 5-star and 13 percent 1-star. FXOpen replied to all negative reviews. About 11 fund-related complaints since 2024 cite different causes.
ModerateTrustpilotE22Google Play lists the FXOpen Trading App by FXOpen Ltd with 4.3 stars from 531 reviews and over 50,000 downloads. The critical reviews focus on app stability.
WeakGoogle PlayE23Verisign RDAP shows fxopen.com registered on 5 Apr 2007 with the registrar Moniker Online Services.
ModerateVerisign RDAPE24An Internet Archive copy of fxopen.com from 18 Oct 2005 shows an unrelated page offering the domain for sale, so fxopen.com did not host the broker in 2005.
WeakInternet ArchiveE25An Internet Archive copy from 2 Oct 2007 shows the FXOpen brokerage on fxopen.com, with account types, MetaTrader 4 and a 2005-2007 copyright line.
ModerateInternet ArchiveE26Companies House lists FXOpen Ltd, company 07273392, incorporated on 4 Jun 2010 and active, with the registered office at Waverley House, 7-12 Noel Street, London.
ModerateCompanies HouseE27The Cyprus registry lists FXOpen EU Ltd, HE 310300, registered on 8 Aug 2012 and still registered, with the earlier names AMB Prime Ltd, Monex Capital Markets CY Limited and Valutrades CY Limited. The registered office matches the CySEC address in Limassol.
E28ASIC company data lists FXOpen AU Pty Ltd, formerly FXOpen Investments Pty Ltd, ACN 143678719, registered on 17 May 2010 and still registered.
E29Compliance Corylated reported on 17 Sep 2026 that the Cyprus register shows a share transfer in FXOpen EU Ltd in January 2025, without naming the new holder.
E30TokenPost reported on 23 Oct 2026 that FXOpen UK declared all accounts under the FXOpen UK name closed and told customers to withdraw remaining funds through the Client Portal.
WeakTokenPostE31The FXOpen history page says the brokerage service launched in 2005.
The other side
The strongest case in this broker’s favour.
The strongest case for FXOpen rests on its long public record and its open disclosures.
- The fxopen.com website has hosted the FXOpen brokerage since at least 2007, and the oldest group companies date from 2010.
- FXOpen EU Ltd holds CySEC licence 194/13 under EU rules, with www.fxopen.com as the approved website. CySEC acted in 2024 to limit the owner's influence over FXOpen EU Ltd.
- The FCA authorised FXOpen Ltd under firm reference number 579202. The FCA register shows no disciplinary history for FXOpen Ltd, and the FCA lists clone firms that copy the FXOpen name.
- FXOpen announced both exits on its own websites. The Australian page explains the licence cancellation, and the UK page says FXOpen UK takes no new applications.
- User ratings are mixed, not hostile. Trustpilot shows 3.7 out of 5 from 463 reviews, and the FXOpen Trading App has 4.3 out of 5 from 531 Google Play reviews.
- Trustpilot reports that FXOpen replied to 100 percent of negative reviews, and some replies report resolved withdrawals.
- The US charges against Aliaksandr Klimenka are allegations about the BTC-e exchange. No verdict has been reported, and the charges do not accuse FXOpen of mistreating clients.
What would change this
What we would need to see to revise the verdict.
Clear facts about ownership and licences would move the rating in either direction.
- Lower risk: public registers name an independent owner for FXOpen EU Ltd and FXOpen Markets Limited, with no control by Aliaksandr Klimenka.
- Lower risk: FXOpen Markets Limited obtains a financial licence that covers its international clients.
- Lower risk: the US case ends with no findings that involve FXOpen or FXOpen client money.
- Higher risk: a conviction with findings that FXOpen money or systems served the BTC-e exchange.
- Higher risk: CySEC action against FXOpen EU Ltd, or former UK clients reporting balances that FXOpen Ltd did not return.
- Higher risk: a new regulator warning that names fxopen.com.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
CySEC register: FXOpen EU Ltd (licence 194/13)
The EU licence, approved website and permitted services, as linked from FXOpen's EU site.
FCA register: FXOpen Ltd (FRN 579202)
UK authorisation, remaining permissions and the list of FXOpen clone firms.
ASIC media release 24-194MR
ASIC's reasons for cancelling the FXOpen AU licence in 2024.
CySEC board decision on Aliaksandr Klimenka
CySEC decision about the owner's influence over FXOpen EU Ltd.
US Justice Department press release, February 2024
Charges against Aliaksandr Klimenka linked to the BTC-e exchange.
IOSCO I-SCAN alerts for FXOpen
Regulator alerts that mention FXOpen names, including clone warnings.
Companies House: FXOpen Ltd
UK company record, registered office and owner details.
Frequently asked questions
Quick answers about this broker’s safety.
Is FXOpen a scam?
No evidence shows that FXOpen is a fake broker or refuses withdrawals as a pattern. FXOpen is a real broker group that has used fxopen.com since 2007. We still rate FXOpen high risk because of regulator actions against group companies and US charges against its owner.
Is FXOpen a fraud?
We found no regulator or court finding that FXOpen defrauded its clients. In 2024, US prosecutors unsealed money laundering conspiracy charges against Aliaksandr Klimenka, who controls FXOpen Ltd. The charges concern the BTC-e crypto exchange, and no verdict has been reported.
Is FXOpen regulated?
FXOpen EU Ltd holds CySEC licence 194/13 for clients in the European Union. FXOpen Ltd in the UK closed its client accounts in 2026 and applied to cancel its FCA authorisation. Clients outside the EU and the UK deal with FXOpen Markets Limited, a Nevis company that names no financial regulator.
Which FXOpen company would hold my money?
Residents of the European Union open accounts with FXOpen EU Ltd in Limassol, Cyprus. Most other clients open accounts with FXOpen Markets Limited, company C 42235 in Nevis. FXOpen UK and FXOpen AU take no new clients.
Can I withdraw my money from FXOpen?
We found no pattern of refused payouts, and some users report smooth withdrawals. About 11 fund-related complaints since 2024 describe delays from identity checks, late crypto deposits, bonus rules or account locks. Test a small withdrawal early and keep records of every request.
What happened to FXOpen UK?
FXOpen Ltd set September 2026 deadlines for UK clients to close positions and withdraw funds, then closed the UK accounts. In October 2026, FXOpen Ltd applied to the FCA to cancel its authorisation. Former UK clients should withdraw any remaining balance through the FXOpen Client Portal.
Why did ASIC cancel FXOpen's Australian licence?
ASIC announced on 4 September 2024 that it had cancelled Australian financial services licence 412871 of FXOpen AU Pty Ltd. ASIC found inadequate staff and supervision and breaches of licence obligations, including a key person condition. FXOpen AU asked a tribunal to review the decision and takes no new clients.
Who owns FXOpen?
Companies House lists Aliaksandr Klimenka as the person with significant control of FXOpen Ltd. CySEC decided in July 2024 that Klimenka's influence was likely to harm the management of FXOpen EU Ltd. A trade report says shares in FXOpen EU Ltd changed hands in January 2025, but the new owner is not public.
How old is FXOpen?
FXOpen says its brokerage launched in 2005. The fxopen.com domain was registered in April 2007, and an archived copy from October 2007 shows the FXOpen brokerage. The oldest group company, FXOpen AU Pty Ltd, was registered in May 2010.
Is my money protected at FXOpen?
Clients of FXOpen EU Ltd come under CySEC supervision and EU investor protection rules. Clients of FXOpen Markets Limited in Nevis have no regulator to complain to and no compensation scheme. Former UK clients of FXOpen Ltd may be able to use the Financial Ombudsman Service and the FSCS, the UK compensation scheme.
Are there fake FXOpen websites?
Yes. The FCA register lists clone firms that copy the FXOpen name, including fxoppen.co, fxopenltd.com, fxopenvip.com and FXOpen Finance. Use only fxopen.com and the official apps, and never send money to WhatsApp or Telegram contacts that claim to be FXOpen.
Do regulators warn about FXOpen?
Brazil's securities regulator CVM warns that FXOpen Markets Limited is not authorised to offer investments to Brazilian residents. In 2024, Ukraine's securities regulator listed the name FXopen as unlicensed, without naming a website. In 2011, a US court ordered FXOpen Investments Inc. to pay 140,000 dollars for unregistered forex dealing with US customers.
What should I check before depositing with FXOpen?
Check which FXOpen company your agreement names, and whether a regulator supervises that company. Start with a small deposit, test a withdrawal and keep leverage low. Follow news on the US case against Aliaksandr Klimenka and on the ownership of FXOpen EU Ltd.
What we recommend
The practical takeaway from everything above.
Check which FXOpen company will hold your money before you deposit.
- If you live in the EU, make sure your account agreement names FXOpen EU Ltd. You can check CySEC licence 194/13 on the CySEC register.
- If you live outside the EU, your contract is with FXOpen Markets Limited in Nevis. No financial regulator and no compensation scheme protect clients of FXOpen Markets Limited.
- Keep leverage low. With leverage of 1:500, a price move of 0.2 percent against you can cost your whole margin, the money that keeps a trade open.
- Make a small test withdrawal soon after your first deposit, and keep screenshots, emails and ticket numbers.
- Former UK clients should withdraw any remaining balance through the FXOpen Client Portal. Complain to FXOpen Ltd first, then to the Financial Ombudsman Service if FXOpen Ltd does not resolve the complaint.
- Former Australian clients should write to support@fxopen.com.au about withdrawals, as the FXOpen AU page asks.
- Use only fxopen.com and the official FXOpen apps. The FCA lists clone sites such as fxoppen.co, fxopenltd.com and fxopenvip.com.
This is an independent assessment of risk, not a legal ruling. Scores and verdicts follow the Wikilix broker-safety methodology and can change as new evidence appears. Review scores are treated with caution when a broker’s reviews look manipulated. Last reviewed November 12, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.
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