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OTKRITIE

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Established Period:
5-10 years
Registered Region:
Cyprus
Email Address:
clients@otkritie-broker.com
Trusted
5.72
/10
★★★★★
★★★★★

Basic Information

Company Name
OTKRITIE
Registered Region
Cyprus
Established Period
5-10 years
Company Service Email Address
clients@otkritie-broker.com
Contact Number
+35725023870
Company Website
https://www.open-broker.com/en/

Pros and Cons

Pros

  • Regulated by CySEC
  • Comprehensive service offerings
  • Competitive trading rates
  • Investment advisory services available
  • Segregated client funds

Cons

  • Mixed reviews on customer service
  • Withdrawal process complications
  • Transparency concerns raised by users
  • Variable response times to complaints

Is OTKRITIE Safe and Legit?

OTKRITIE Broker LTD, registered in Cyprus since 2016, boasts over seven years of operational experience. The broker provides a variety of financial services including investment advisory and brokerage, offering trading on platforms such as Open Key and QUIK, with competitive rates and a Market Maker model.
OTKRITIE is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 294/16, ensuring it operates within legal parameters and adheres to established safety standards. Overall, it is considered a legally compliant broker, although potential risks are noted in user feedback.
In terms of market reputation, OTKRITIE generally receives mixed reviews. Users commend the comprehensive service offerings and competitive rates, but have expressed concerns regarding customer service quality and withdrawal processes. Transparency issues and a notable frequency of complaints about account management have been highlighted, indicating areas for improvement in user satisfaction.

Is OTKRITIE a Regulated Broker?

What Are the Regulatory Licenses Held by OTKRITIE?

OTKRITIE Broker LTD is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 294/16. This regulatory status ensures that OTKRITIE operates within legal parameters and adheres to established safety standards. As a regulated entity, it is considered to have met the necessary compliance requirements set by the authority, providing a level of assurance to its clients. Overall, OTKRITIE is recognized as a legally compliant broker with oversight from a reputable regulatory body.

Client Fund Segregation: Your Ultimate Safeguard

Capital Protection Measures

OTKRITIE Broker LTD prioritizes the safety of client funds by holding them in independently regulated bank accounts, separate from the broker’s own assets. This segregation helps ensure that client assets are protected and not used for the broker’s operational purposes, adhering to regulatory standards set by CySEC.

OTKRITIE Leverage

OTKRITIE offers leverage in accordance with local regulatory requirements, distinguishing between retail and professional accounts. The broker complies with the legal limits established by CySEC, ensuring that clients receive appropriate leverage based on their classification, which reflects the broker’s commitment to regulatory adherence and client safety.

OTKRITIE Withdrawal Review

How to Contact OTKRITIE?

Does OTKRITIE Have Withdrawal Issues?

OTKRITIE Broker LTD has received mixed reviews regarding its withdrawal processes, with user complaints often focusing on delays and complications in fund retrieval. Sources of complaints include online trading forums and review platforms, where users have shared their experiences. The broker’s responses to these complaints appear to vary, with some users reporting satisfactory resolutions, while others express frustration over long response times. Notably, there are repetitive complaints regarding withdrawal issues, but no significant public records indicate regulatory penalties or warnings related to these matters. Overall, user feedback highlights areas for improvement in customer service and withdrawal efficiency.

Frequently Asked Questions

A1: Yes, OTKRITIE Broker LTD is considered a legitimate broker as it is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 294/16. This regulatory status ensures that the broker operates within legal parameters and adheres to established safety standards.

A2: OTKRITIE prioritizes the safety of client funds by holding them in independently regulated bank accounts that are separate from the broker’s own assets. This segregation of funds helps protect client assets in compliance with regulatory standards set by CySEC.

A3: Clients have reported mixed experiences with OTKRITIE’s withdrawal processes, often highlighting delays and complications in retrieving funds. While some users have reported satisfactory resolutions, others have expressed frustration over long response times and repeated complaints about the withdrawal process.

A4: User feedback on OTKRITIE’s customer service is generally mixed, with some clients praising the comprehensive service offerings and competitive rates, while others have raised concerns about the quality of customer support and variable response times to complaints.

Risk Disclosure

Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.