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OpenTrading

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Operating status: SCAM

Website: https://opentrading.org/

Broker violations and abnormal records
  • Oct 25, 2022 BrokersView has Reviewed that OpenTrading is an Unregulated Forex Broker

    OpenTrading claims to be a regulated firm while presenting neither details about its company information (company name, office address) and regulations, nor legal documents (terms & conditions, risk disclosure, etc.). Lacking such information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their accreditation and licenses in a prominent position. It is a red flag here.

    Downloading its official MT5 trading platform, we found this broker locates in the British Virgin Islands. However, we did not find any match results to OpenTrading in the British Virgin Islands Financial Services Commission (BVI FSC), which is the national financial regulator.

    The truth is, OpenTrading is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

    OpenTrading claims to be a regulated firm while presenting neither details about its company information (company name, office address) and regulations, nor legal documents (terms & conditions, risk disclosure, etc.). Lacking such information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their accreditation and licenses in a prominent position. It is a red flag here.Downloading its official MT5 trading platform, we found this broker locates in the British Virgin Islands. However, we did not find any match results to OpenTrading in the British Virgin Islands Financial Services Commission (BVI FSC), which is the national financial regulator.The truth is, OpenTrading is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.