Monex
FxOpen
VS
Higher Rated
FxOpen
Capital at risk · T&Cs apply
Compare Monex and FxOpen side by side on fees, regulation, platforms and our expert ratings. Find out which broker suits your needs.
Monex
FxOpen
FxOpen is the better choice overall, scoring 3.7/5 vs 3.4/5 on BrokerRank's independent rating. On fees, Monex offers lower spreads (0 pips).
See full side-by-side comparison belowOverall Rating
FxOpen
3.4 vs 3.7
Lowest Fees
Tied
0 vs 0 pips
Regulation
Tied
2 vs 2 licences
Min. Deposit
Monex
$0 vs $1
Monex
FxOpen
Monex
Lower feesFxOpen
Monex scores 3.42/5 while FxOpen scores 3.66/5 in our independent rating.
FxOpen edges ahead overall, but Monex may suit traders who prioritise different features. Read our full reviews for a detailed breakdown. Scores are based on our transparent methodology.
FxOpen scores higher overall on our independent rating system. Monex holds a 3.4/5 rating vs FxOpen's 3.7/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
Monex offers spreads from 0 pips, while FxOpen starts at 0 pips. Check the fees section above for a full breakdown.
Monex requires a minimum deposit of $0. FxOpen requires $1.
Monex is regulated by FSA, SEC, while FxOpen holds licences from FCA, ASIC.
Monex supports Proprietary Web, Proprietary Mobile, TradeStation JP. FxOpen supports MT4, MT5, cTrader.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Only 26% of Brokers Are Truly Fee-Free
BrokerRank Research — Hidden costs across 345 brokers
58% of Brokers Hold a Single Licence
BrokerRank Research — Regulation quality analysis
71% of Retail Traders Lose Money
BrokerRank Research — Loss rates across 50 EU brokers
76% of Brokers Use Proprietary Platforms
BrokerRank Research — MT4 vs MT5 vs proprietary
Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.