Forex OpenTrading Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

2.1

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 2.3

Business 1.6

Risk Control 1.9

Software 2.6

Regulatory 2.1

Terminal Snapshot

OpenTrading Trading Conditions

Registered Region Anguilla

Operating Period 5-10 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email info@opentrading.org

Contact Number +56229936700

Website opentrading.org

Balanced Review

Pros & Cons

Pros

Diverse range of trading instruments including forex, stocks, ETFs, and cryptocurrencies
Utilizes the MT5 trading platform with advanced features
24/5 customer support through multiple channels
Offers demo accounts for practice without financial risk
Minimum deposit requirement of $50 for account opening

Cons

No regulation by recognized financial authorities
Lack of investor protection for client funds
Limited information on trading fees
Potentially high spreads on various instruments
Slow customer support response times

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	OpenTrading	IronFX	Vida Markets	AvaTrade
Operating Period	5-10 years	See review	See review	See review
Region	Anguilla	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	2.1/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does OpenTrading Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Retail Account	Beginner to intermediate traders	Access to diverse trading instruments	Suitable for individual investors
Professional Account	Experienced traders	Potential for higher leverage and advanced trading tools	Eligibility may require proof of trading experience
Demo Account	All traders	No financial risk while practicing	Great for testing strategies

Account Opening Process

To open an account with OpenTrading, you will need to complete several steps including the submission of personal, employment, and financial information. Identity verification is required, which includes providing an ID and proof of address. Additionally, the account system is flexible, allowing traders to upgrade to a professional account as their trading experience and requirements evolve.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	Varies	$0	Tight spreads available
CFDs (Stocks)	Varies	Varies	Dependent on the specific stock
Cryptocurrencies	Varies	Varies	Market volatility affects pricing

Other Fees

OpenTrading may apply various additional fees, which include deposit and withdrawal fees, inactivity fees, and potential platform usage fees. Overnight interest, often referred to as swap rates, may apply to positions held overnight. Currency conversion fees could also be relevant for traders dealing in different currencies.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

OpenTrading User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

James Anderson

New York, USA

★ ★ ★ ★ ★

I faced significant delays in processing my withdrawal requests. The customer support was not very responsive, which made the experience frustrating. I expected better service from a broker like OpenTrading.

Sarah Thompson

London, UK

★ ★ ★ ★ ★

OpenTrading’s MT5 platform is impressive with its advanced features. I’ve found it easy to navigate, and the range of trading instruments keeps things interesting. Customer support is helpful, though sometimes it takes a bit longer to get a response.

Lucas Chen

Sydney, Australia

★ ★ ★ ★ ★

I was really disappointed with OpenTrading. The lack of regulation made me uneasy, and my withdrawal was stuck for weeks. Customer service was not able to provide any clear answers. I would not recommend this broker.

Emily Garcia

Toronto, Canada

★ ★ ★ ★ ★

I’ve been trading with OpenTrading for a while now and I’m quite satisfied. The platform is fast and reliable, and I appreciate the variety of instruments available. The demo account was perfect for me to practice before investing real money.

Anguilla Market