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Score
United Kingdom
2-5 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
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Score
Regulatory Index0.00
Business Index5.49
Risk Management Index0.00
Software Index4.00
License Index0.00
No valid regulatory information, please be aware of the risk
Single Core
1G
40G
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Company Name
Opextrade
Company Abbreviation
Opextrade
Platform registered country and region
United Kingdom
Company website
Pyramid scheme complaint
Expose
The Financial Conduct Authority (FCA) has released a list of unregulated forex brokers that traders should avoid due to their fraudulent activities or unethical practices. The FCA has warned traders that unregulated brokers may offer higher leverage ratios than regulated brokers, which can result in larger profits, but also larger losses. Traders are urged to only trade with regulated brokers and to do their due diligence before depositing funds. The FCA warning list includes UNION TRUST LTD, TEAM INVESTMENT LIMITED, TFCM-PROTRADING, ATRADESOLUTIONS, TOWERBLISS, FANTOM INVESTMENT, AMIREX TRADING, and OPEXTRADE.
Once again alerting lovers of the forex market, FCA issued a warning on April 12 on its official website against OPEXTRADE! FCA stated that this firm is providing financial services or products to the public without FCA’s authorization.
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