Reported Website: https://opentrading.org/
OpenTrading claims to be a regulated firm while presenting neither details about its company information (company name, office address) and regulations, nor legal documents (terms & conditions, risk disclosure, etc.). Lacking such information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their accreditation and licenses in a prominent position. It is a red flag here. Downloading its official MT5 trading platform, we found this broker locates in the British Virgin Islands. However, we did not find any match results to OpenTrading in the British Virgin Islands Financial Services Commission (BVI FSC), which is the national financial regulator. The truth is, OpenTrading is not under valid regulation by any regulators to do forex. Investors’ funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
