FXOpen vs Tradeo Comparison
Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare FXOpen vs Tradeo.
Does FXOpen or Tradeo offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, FXOpen
offers better pricing overall for traders.
Is FXOpen or Tradeo safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. FXOpen holds 2 global Tier-1 licenses, while Tradeo holds 0. Both FXOpen and Tradeo hold 1 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, FXOpen earned a higher Trust Score than Tradeo.
Which trading platform is better: FXOpen or Tradeo?
To compare the trading platforms of both FXOpen and Tradeo, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, FXOpen offers a better experience. With research, Tradeo offers superior market research. Finally, we found FXOpen to provide better mobile trading apps.
What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both FXOpen and Tradeo offer MetaTrader 4 (MT4).FXOpen and Tradeo both offer copy trading.
How many forex pairs and CFDs are available to trade?
Tradeo provides traders 50 currency pairs (e.g., EUR/USD) compared to FXOpen's 25 available pairs. Forex pairs aside, Tradeo offers traders access to 256 CFDs while FXOpen has 87 available CFDs, a difference of 169.
Can I trust FXOpen?
FXOpen is not a publicly traded company, doesn't operate a bank, and is authorised by two tier-1 regulators (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust). FXOpen is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA).
Can I trust Tradeo?
Tradeo is not publicly traded and does not operate a bank. Tradeo is authorised by zero tier-1 regulators (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust).
Is FXOpen good?
FXOpen is a long standing MetaTrader broker with a narrow offering and few benefits beyond a standard MetaTrader experience coupled with social-trading platforms ZuluTrade and Myfxbook.
Is Tradeo good?
Tradeo offers its own trading platform and app but its research, educational materials, and range of markets are limited. Also, Tradeo recently stopped accepting new clients and with just one regulatory license, Tradeo has a lower Trust Score than brokers that hold multiple licenses.
Overall winner: FXOpen
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We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.