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OpenTrading -

Score

1.53 /10
Danger

OpenTrading

United Kingdom

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://opentrading.org/

Influence

D

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Comparison

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Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.15

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Warning: Low score, please stay away!
Previous Detection : 2024-12-26
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

OpenTrading · Company summary
OpenTradingReview Summary
Founded2016-12-18
Registered Country/RegionUnited Kingdom
RegulationUnregulated
Market InstrumentsForex/Shares/Commodities/Index/Cryptocurrency/ETFs/ADRs
Demo Account✅
Leverage/
Spread/
Trading PlatformMT5(PC/iOS/iMac/Android/Web)
Min Deposit/
Customer SupportEmail: info@opentrading.org
Facebook/Twitter/Instagram

OpenTrading Information

OpenTrading is a broker with more than 10 years of experience in the online trading business. The tradable instruments include CDFs on forex, shares, commodities, index, cryptocurrencies, ETFs, and ADRs. The broker also provides a demo account and a live account. OpenTrading is still risky due to its unregulated status.

OpenTrading Information

Pros and Cons

Pros Cons
Demo account availableUnregulated
24/5 customer supportUnspecific fees information
MT5 available
Various tradable instruments

Is OpenTrading Legit?

OpenTrading is not regulated, even though it claims to be regulated by FSC. However, an unregulated broker is not as safe as a regulated one.

Is OpenTrading Legit?
Is OpenTrading Legit?
Is OpenTrading Legit?

What Can I Trade on OpenTrading?

OpenTrading offers a wide range of market instruments, including CDFs on forex, shares, commodities, index, cryptocurrency, ETFs, and ADRs.

Tradable Instruments Supported
Forex✔
Shares✔
Commodities✔
Index✔
Cryptocurrency✔
ETF's✔
ADR's✔
Precious Metals❌
Stocks❌
Bonds❌
Mutual Funds❌
What Can I Trade on OpenTrading?

Account Type

OpenTrading has two account types: a demo account and a live account. The demo account is predominantly used for familiarizing traders with the trading platform and for educational purposes only.

Account Type Supported
Demo account✔
Live account✔
Account Type

Trading Platform

OpenTrading cooperates with the authoritative MT5 trading platform available on PC, iOS, iMac, Android, and Webto trade. Traders with rich experience are more suitable for using MT5. MT5 not only provides various trading strategies but also implements EA systems.

Trading PlatformSupported Available Devices
MT5✔PC/iOS/iMac/Android/Web
Trading Platform

Customer Support Options

OpenTrading provides 24/5 customer support. Traders can communicate via email instead of phone, decreasing consulting efficiency.

Contact Options Details
Email info@opentrading.org
Social Media Facebook/Twitter/Instagram
Supported Language Spanish/English
Website Language Spanish/English

User Reviews

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User comment

4

Comments

Write a review

Tigers
more than one year
They offer a diverse range of trading products, and support for the latest MT5 trading platform is excellent. Both the analysis and alerts are timely and clear. However, their customer service response time is too slow, and they do not respond to user messages on weekends. It's a little lousy.
They offer a diverse range of trading products, and support for the latest MT5 trading platform is excellent. Both the analysis and alerts are timely and clear. However, their customer service response time is too slow, and they do not respond to user messages on weekends. It's a little lousy.
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2023-12-13 14:25
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Xie82817
more than one year
The minimum deposit, leverage, spreads, and commissions are not mentioned on its official website, and it seems that these trading conditions can only be known by opening a demo account and testing it yourself. The information is so opaque that it makes people think that they are not so reliable.
The minimum deposit, leverage, spreads, and commissions are not mentioned on its official website, and it seems that these trading conditions can only be known by opening a demo account and testing it yourself. The information is so opaque that it makes people think that they are not so reliable.
Translate to English
2022-11-30 14:42
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