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OKX vs FXOpen

OKX or FXOpen – which is better for UK traders 2024? Compare OKX and FXOpen in this detailed breakdown of their platforms, features and fees.

OKX vs FXOpen Comparison Table 2024
OKX	FXOpen

4.1	3.7
OKX is ranked #3 among crypto brokers.	FXOpen is ranked #74 among CFD brokers.
Review	Review
OKX is a respected cryptocurrency firm, established in 2017, that offers a large suite of products, from mining pools to NFTs. Traders can access over 400 crypto tokens via OTC trading and derivatives. With an excellent web platform, developer tools and dynamic charts, OKX is a popular choice for technical traders.	FXOpen is a multi-asset broker with regulation from several trustworthy bodies including the UK's FCA. The broker offers CFD trading on forex, stocks, commodities, indices, cryptocurrencies and ETFs via the MetaTrader 4 & 5 and TradingView platforms.
Pros
There's an impressive range of blockchain products, including DeFi services, NFTs and games, alongside 400+ established and emerging coins You can access a wide range of trading products, including futures, options and perpetual swaps via a mobile app or desktop platform OKX maintains an excellent reputation with 20 million global clients and a license from the Dubai Virtual Assets Regulatory Authority Traders can access historical market data for spot and futures combining OHLC data, aggregate trades and trading history There's a vast developer lab plus access to a marketplace of pre-built trading bots with auto-arbitrage Active traders can expect competitive maker and taker fees, from 0.02% and 0.05%, respectively Crypto staking and pools are available with competitive mining fees from 2%	No requotes Phone dealing News trading 600+ instruments True ECN model Scalping permitted Multiple payment methods Bonuses and trading contests Unlimited demo account Copy trading (global traders) Low minimum deposit (global traders) MT4, MT5, TradingView & TickTrader platforms
Cons
The firm offers limited regulatory oversight, though this is common among crypto brokers The quality of customer support was inconsistent based on testing The broker's platform and features may be complex for novices	Inactivity fee Withdrawal fees apply for some methods No access to all instruments on some accounts
Awards
	Best ECN Broker 2012 - Masterforex-V Best Forex Broker in Australasia 2011 - World Finance Magazine Best Islamic Forex Broker 2011 - IB Times Trading Awards Best South-East Asia Forex Broker and Best ECN Forex Broker 2011 - IB Times Trading Awards Best Trading Platform 2010 - Falcon Awards
FCA Regulated
No List of FCA Regulated Brokers	Yes
Instruments
Spot, futures, perpetual swaps, options	Forex, CFDs, Indices, Commodities, Cryptocurrencies, ETFs, Shares
Demo Account
Yes	Yes
Minimum Deposit
10 USDT	£300
Payment Methods
Apple Pay Banxa Credit Cards Google Pay Mastercard PayPal Simplex Visa Wire Transfer	ADVcash Credit Cards Debit Card FasaPay Mastercard Neteller Skrill Visa WebMoney Wire Transfer
Minimum Trade
Variable	0.01 Lots
Regulator
VARA	FCA, CySEC, ASIC, AFM
Mobile Apps
Android & iOS	iOS & Android
iOS App Rating

Android App Rating

Margin Trading
Yes	Yes
MetaTrader 4
No	Yes
MetaTrader 5
No	Yes
cTrader
No	No
AlgoTrader
Yes	No
OmniTrader
No	No
TradingView
No	Yes
Autochartist
No	No
eSignal
No	No
Trading Central
No	No
STP Account
No	Yes
ECN Account
No	Yes
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	Yes
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	Yes
Market Maker
No	No
P2P Trading
Yes	No
Spot Trading
Yes	No
Auto Trading
Yes	Expert Advisors (EAs) on MetaTrader
Copy Trading
No	Yes
Copy Trading Platform
	FXOpen offers copy trading, enabling users to follow and copy the positions and strategies of other traders. Myfxbook and ZuluTrade are supported, two of the highest-rated and easiest to use third-party copy trading platforms on the market.
Social Trading
No	Yes
Trade Signals
	Yes
VPS Hosting
No	Yes
Tournaments
No	Yes
Demo Competitions
No	Yes
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
	$10
Islamic Account
No	Yes
Account Currencies
USD EUR GBP INR JPY SGD RUB AED SAR	USD EUR GBP AUD JPY CHF HKD RUB
Commodities
	Gold Silver Oil Gasoline
CFD
	FXOpen offers CFDs on multiple assets including forex, stocks, commodities, indices, cryptocurrencies and ETFs. Leverage and spreads vary by instrument, with spreads starting from zero and fast order execution.
Leverage
	1:30 (EU), 1:500 (Global)
FTSE Spread
	0.8
GBPUSD Spread<
	0.2
Oil Spread
	4.0
Stocks Spread
	N/A
Forex
	FXOpen clients can trade 50+ forex pairs (28 on micro accounts) with leverage up to 1:30. Fees are competitive with spreads starting from zero with a small commission on ECN accounts, and slightly wider spreads and no commission on STP accounts.
Assets
	50+
GBPUSD Spread
	0.2
EURUSD Spread
	0.2
EURGBP Spread
	0.2
Cryptocurrency
OKX continues to offer a superb selection of 400+ tokens including Bitcoin and Ripple. You can buy and sell tokens or trade cryptos on margin via derivatives, including perpetual swaps, options and futures. OKX stands out for its low fees, extensive range of tokens and speedy crypto transactions.	FXOpen offers CFDs on 40 cryptocurrency pairs, including cross-pairs with BTC as well as pairs with various fiat currencies such as GBP, USD and JPY. Crypto CFDs are tradeable with leverage of 1:2. Only pro traders can access crypto derivatives in the UK.
Spread
Variable	Variable
Coins
BTC XCH ETH OKB OKT LTC DOT ADA DOGE XRP USDT ICP BCH LINK XLM ETC MATIC THETA UNI TRX EOS FIL XMR NEO USDC AAVE SHIB LUNA KSM BSC ATOM IOTA ALGO XTZ CRO MKR BTT CEL LEO WBTC WAVES KLAY DASH XEM COMP SNX ZEC DCR SUSHI SOL EGLD DAI BTG ZEN NANO KISHU	BTC BCH ETH LTC ETC EOS DSH XRP IOT XMR NEO
Crypto Lending
Yes	No
Crypto Mining
Yes	No
Crypto Staking
No	No
Auto Market Maker
No	No

OKX	FXOpen
Review	Review
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