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FXOpen vs Tradeo 2023

ForexBrokers.com

Written by ForexBrokers.com

December 27, 2022

Is FXOpen better than Tradeo? In our analysis of 23 international regulators across 62 of the best forex brokers, FXOpen is considered average-risk, with an overall Trust Score of 80 out of 99. Tradeo is considered high-risk, with an overall Trust Score of 67 out of 99. Learn more about Trust Score.

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Overall RatingFXOpenTradeo
Overall Rating 3.5/5 Stars 3.5/5 Stars
Commissions & Fees 4/5 Stars 3.5/5 Stars
Offering of Investments 3/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 3.5/5 Stars
Research 3/5 Stars 3/5 Stars
Education 3/5 Stars 3/5 Stars
Trust Score 80 67
Winner check_circle
Review
RegulationFXOpenTradeo
Trust Score 80 67
Year Founded 2003 2012
Publicly Traded (Listed) No No
Bank No No
Authorised in European Union Yes info Yes info
Tier-1 Licenses 2 0
Tier-2 Licenses 1 1
Tier-3 Licenses 0 0
Tier-1 Licenses (High Trust)FXOpenTradeo
ASIC Authorised (Australia) Yes No
IIROC Authorised (Canada) No No
SFC Authorised (Hong Kong) No No
CBI Authorised (Ireland) No No
FSA Authorised (Japan) No No
MAS Authorised (Singapore) No No
FINMA Authorised (Switzerland) No No
FCA Authorised (U.K.) Yes No
CFTC Registered (USA) No No
FMA Authorised (New Zealand) No No
Tier-2 Licenses (Average Trust)FXOpenTradeo
CBRC Authorised (China) No No
CySEC Authorised (Cyprus) Yes Yes
SEBI Authorised (India) No No
ISA Authorised (Israel) No No
CBR Authorised (Russia) No No
FSCA Authorised (South Africa) No No
SEC Authorised (Thailand) No No
DFSA / Central Bank Authorised (UAE) No No
Tier-3 Licenses (Low Trust)FXOpenTradeo
SCB Authorised (Bahamas) No No
IFSC Authorised (Belize) No No
CIMA Authorised (Cayman Islands) No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands) No No
FSC Authorised (Mauritius) No No
VFSC Authorised (Vanuatu) No No
InvestmentsFXOpenTradeo
Forex Trading (Spot or CFDs) Yes Yes
Tradeable Symbols (Total) 87 256
Forex Pairs (Total) 25 50
U.S. Stock Trading (Non CFD) No No
Int'l Stock Trading (Non CFD) No No
Social Trading / Copy Trading Yes Yes
Cryptocurrency (Physical) No No
Cryptocurrency (CFD) Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
CostFXOpenTradeo
Average Spread EUR/USD - Standard N/A info N/A info
All-in Cost EUR/USD - Active N/A info N/A info
Active Trader or VIP Discounts Yes Yes
Execution: Agency Broker Yes Yes
Execution: Market Maker Yes No
FundingFXOpenTradeo
Minimum Deposit $100 $200
PayPal (Deposit/Withdraw) No No
Skrill (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes
Trading PlatformsFXOpenTradeo
Proprietary Platform No No
Desktop Platform (Windows) Yes Yes
Web Platform Yes Yes
Social Trading / Copy Trading Yes Yes
MetaTrader 4 (MT4) Yes Yes
MetaTrader 5 (MT5) Yes Yes
cTrader No No
DupliTrade No No
ZuluTrade Yes No
Trading ToolsFXOpenTradeo
Virtual Trading (Demo) Yes Yes
Alerts - Basic Fields Yes Yes
Watchlists - Total Fields 7 7
Charting - Indicators / Studies (Total) 30 30
Charting - Drawing Tools (Total) 15 15
Charting - Trade From Chart Yes Yes
Charts can be saved Yes Yes
Mobile TradingFXOpenTradeo
Android App Yes Yes
Apple iOS App Yes Yes
Mobile Alerts - Basic Fields Yes Yes
Mobile Watchlist Yes Yes
Watchlist Syncing No No
Mobile Charting - Indicators / Studies 30 30
Mobile Charting - Draw Trendlines Yes Yes
Mobile Charting - Multiple Time Frames Yes Yes
Mobile Charting - Drawings Autosave No No
Forex Calendar Yes Yes
ResearchFXOpenTradeo
Daily Market Commentary Yes No
Forex News (Top-Tier Sources) Yes No
Autochartist No No
Trading Central (Recognia) No Yes
Social Sentiment - Currency Pairs No Yes
Economic Calendar Yes Yes
EducationFXOpenTradeo
Has Education - Forex or CFDs No No
Client Webinars No Yes
Client Webinars (Archived) No No
Videos - Beginner Trading Videos No Yes
Videos - Advanced Trading Videos No No
Investor Dictionary (Glossary) Yes No
Major Forex PairsFXOpenTradeo
GBP/USD Yes Yes
USD/JPY Yes Yes
EUR/USD Yes Yes
USD/CHF Yes Yes
USD/CAD Yes Yes
NZD/USD Yes Yes
AUD/USD Yes Yes
Review
OverallFXOpenTradeo
Overall Rating 3.5/5 Stars 3.5/5 Stars
Commissions & Fees 4/5 Stars 3.5/5 Stars
Offering of Investments 3/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 3.5/5 Stars
Research 3/5 Stars 3/5 Stars
Education 3/5 Stars 3/5 Stars
Trust Score 80 67
Winner check_circle
Review
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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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