OpenTrading Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-09 18:04

Abstract：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.

OpenTradingReview Summary
Founded	2016-12-18
Registered Country/Region	United Kingdom
Regulation	Unregulated
Market Instruments	Forex/Shares/Commodities/Index/Cryptocurrency/ETFs/ADRs
Demo Account	✅
Leverage	/
Spread	/
Trading Platform	MT5(PC/iOS/iMac/Android/Web)
Min Deposit	/
Customer Support	Email: info@opentrading.org
Customer Support	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.

Pros and Cons

Pros	Cons
Demo account available	Unregulated
24/5 customer support	Unspecific 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.

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	❌

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	✔

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 Platform	Supported	Available Devices
MT5	✔	PC/iOS/iMac/Android/Web

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