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Danger
MT MFSA
2024-09-01
MFSA Warning - FXoppen - Unlicensed Entity 
fxoppen TRADER
No Regulation
Score
1.14 /10
Danger
fxoppen TRADER
1-2 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
Expose
Exposure
Time Machine
Website
Score
Regulatory Index0.00
Business Index4.13
Risk Management Index0.00
Software Index4.00
License Index0.00
Time Machine
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
open now
Regulatory disclosure
Check whenever you want
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Warning: Low score, please stay away!
Previous Detection :
2024-12-23
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
| fxoppen TRADERReview Summary | |
| Founded | 2024 |
| Registered Country/Region | Cyprus |
| Regulation | Unregulated |
| Market Instruments | Cryptocurrencies, CFD Stocks, Forex, Indices, Commodities, ETF |
| Demo Account | Not Mentioned |
| Leverage | Not Mentioned |
| Spread | Not Mentioned |
| Trading Platform | MT4 |
| Min Deposit | Not Mentioned |
| Customer Support | Contact Form |
| Live Chat | |
| Phone: 447520693856 | |
| Email: info@fxoppen.com | |
| Social Media: Instagram | |
| Company Address: 20-22 Wenlock Road, London, England, N1 7GU | |
Based in Cyprus, fxoppen Trader is an unregulated online trading platform. fxoppen Trader claims to be a fully automated platform and gives users access to Buy, Sell, Send, Receive, Withdraw or Swap bitcoin or over 250+ cryptocurrencies. Its major market offering covers Cryptocurrencies, CFD Stocks, Forex, Indices, Commodities, and ETF.
Pros and Cons
| Pros | Cons |
| Wide range of market instruments | Strict regional restrictions |
| Multiple payment methods | Lack of regulation |
| Untransparent trading conditions |
Is fxoppen TRADER Legit?
fxoppen TRADER is not regulated by any authorities. Though on fxoppen TRADER's website, it claims to be regulated by the Cyprus Securities and Exchange Commission, we couldn't find any information about this platform on the website of this authority.
What Can I Trade in fxoppen TRADER?
| Trading Asset | Available |
| forex | ✔ |
| metals | ❌ |
| commodities | ✔ |
| indices | ✔ |
| energies | ❌ |
| stocks /shares | ✔ |
| cryptocurrencies | ✔ |
| options | ❌ |
| funds | ❌ |
| ETFs | ✔ |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ❌ | Desktop, Mobile, Web | Experienced traders |
| MT4 | ✔ | Desktop, Mobile, Web | Beginners |
| Trading View | ❌ | Desktop, Mobile, Web | Beginners |
Deposit & Withdrawal
fxoppen TRADER accepts payment methods including Visa, Mastercard, PayPal, Skrill, Stripe, PayU, iDEAL, NETELLER, SOFORT, MyBank, and Giropay.
Customer Service
fxoppen TRADER offers multiple customer support channels. Online chat and phone are available 24/7.
| Contact Options | Details |
| Phone | 447520693856 |
| info@fxoppen.com | |
| Online Chat | 24/7 |
| Social Media | |
| Supported Language | English, Italian, Greek, German, Spanish, Franch |
| Website Language | English, Italian, Greek, German, Spanish, Franch |
| Physical Address | 20-22 Wenlock Road, London, England, N1 7GU |
The Bottom Line
Though offering multiple tradable products, fxoppen Trader is still undeniably an unregulated platform. We suggest you avoid unregulated platforms like fxoppen TRADER and maybe choose a regulated and more experienced platform.
FAQs
Is fxoppen TRADER regulated?
No. fxoppen TRADER hasn't been regulated by any notable authorities.
Is there any regional restriction on fxoppen TRADER?
Yes. fxoppen TRADER does not provide services to Iran, North Korea, the Central African Republic, and Estonian residents.
Is fxoppen TRADER good for beginners?
No. Beginners should avoid unregulated platforms.
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