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OPENTRADING -

Score

2.13 /10
Danger

OPENTRADING

Chile

5-10 years

Suspicious Regulatory License

MT5 Full License

Regional Brokers

High potential risk

https://opentrading.org/

Influence

D

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Comparison

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Score

Regulatory Index0.00

Business Index7.45

Risk Management Index0.00

Software Index7.73

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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Broker Information

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Company Name

Opentrading Group LTD

Company Abbreviation

OPENTRADING

Platform registered country and region

Chile

Company website

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2026-03-14
  • This broker lacks valid forex regulation. Please be aware of the risk!

WikiFX Verification

OPENTRADING · Company summary
OpenTrading Review Summary
Founded2016
Registered Country/RegionAnguilla
RegulationNo Regulation
Market InstrumentsShares, ETFs, ADRs, indexes, cryptocurrencies, forex, commodities
Demo Account✅
Leverage/
Spread/
Trading PlatformMT5
Minimum Deposit/
Customer SupportContact form (24/5 support)
Phone: +562 2993 6700
Email: info@opentrading.org
Address: Spencer House, P.O. Box 821, The Valley, Anguilla

OpenTrading is an unregulated financial brokerage firm established in 2016 and registered in Anguilla. It offers a diverse range of tradable instruments, including shares, ETFs, ADRs, indices, cryptocurrencies, forex, and commodities. The firm provides both live and demo accounts. What's more, OpenTrading uses the MT5 trading platform.

OpenTrading's homepage

Pros and Cons

Pros Cons
Demo accounts availableNo regulation
A wide range of trading productsLimited info on trading fees
MT5 platformUnknown payment methods

Is OpenTrading Legit?

At present, OpenTrading lacks valid regulation.

No license

Its domain was registered on Dec 18, 2016, and the current status is “client transfer prohibited”. Please pay high attention to the safety of your funds if you choose this broker.

Domain information

What Can I Trade on OpenTrading?

On OpenTrading, you can trade with shares, ETFs, ADRs, indexes, cryptocurrencies, forex, and commodities.

Tradable Instruments Supported
Shares✔
ETFs✔
ADRs✔
Indexes✔
Cryptocurrencies✔
Forex✔
Commodities✔
Bonds❌
Options❌
Mutual Funds❌
What Can I Trade on OpenTrading?

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MT5✔PC, iOS, iMac, Android, Web TerminalExperienced traders
MT4❌/Beginners
MT5

User Reviews

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User comment

4

Comments

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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.
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2022-11-30 14:42
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