Review 2020 and Technical Opinions

Filippo Last Updated: April 2019 20 min read
security 100
cost 67
trading 100
education 73
Rated: Excellent

Did you search review to figure out’s real value?

Would you like to fully understand if is reliable or if it’s a scam?

Do you want to find out everything you can do with, expert opinions, and user reviews?


In this review, you’ll find everything you need to dispel any doubt, including our feedback on, both practical and technical, after years of experience on the platform.

The best thing you could is to open a free demo account to try out first-hand the platforms, to be able to fully follow this review.

OPEN A MARKETS.COM DEMO ACCOUNT Legal Review – Company and Legal Information

The question of “is safe?” is one which expectedly pops up.

This is a question which any trader or potential trader is quite entitled to ask prior to investing their money. The same question can and should routinely be asked of any forex broker or investment opportunity.

The answer to that question, we are completely sure is a resounding, yes. This is something which we hope to assure all potential traders about in the following section.

Is a scam? Is reliable? review and legal opinions

Founded in 2007 as GFC Markets, the company was rebranded as and was acquired in 2015 by Playtech PLC. This parent company of is listed on the stock exchange with a capitalization in the billions of dollars.

This, combined with the fact that is regulated by one of the most respected global financial regulators in the form of CySEC for Europe, the FSCA for South Africa, and ASIC for Australia should lend a huge degree of trust from potential traders.

Although other major brokers are often regulated in more regions, is still a relatively young company in the industry, and these are nothing but positive indications in terms of user safety and transparency.

When I make a deposit to, where does my money go?

As with any major broker, all deposits from users are placed into segregated accounts with top-tier financial institutions.

This is as mandated, and fully compliant with the rules of the broker’s financial regulator, and ensures there is no outside access or tampering of user funds from inside or outside the company.

Is regulated? Regulations – license opinions

Yes. is regulated by CySEC in Cyprus which covers operations in the European Union, the Financial Services Conduct Authority in South Africa, and ASIC in Australia.

These are a very solid grounding in terms of regulation and oversight. CySEC is one of the most well-known and respected regulatory bodies, and the fact that it covers operations throughout the EU is a huge boost to the trustworthiness of any broker. Given the amount of time the broker has been in the industry, this is a respectable cross-section of regulators when added to the fact that the parent company are publically traded on the London Stock Exchange.

How to check the licenses trading licenses can be checked through the following links to the regulatory bodies which oversee their operations.

  • CySEC (EU)
  • FSCA (South Africa)
  • ASIC (Australia)

What type of broker is technical opinions is a market maker, though they have recently started to move away from a market maker only model towards an inclusive STP model. This was in response to new CySEC regulations and similar to the movements of many other major brokers.

Ultimately, this creates a better environment, and opportunity for traders who can likely benefit from much more competitive spreads. It is yet another example of the positive reputation holds in-terms of compliance.

How does profit?

Through, commission-free trading is offered, however the broker profits from a marginal increase in the spreads which it offers to traders. This is standard procedure throughout many brokers in the industry.

Where is the legal office of have legal offices in the following locations:

148 Strovolos Avenue,
2048, Strovolos,

Level 32,
200 George Street,
Sydney NSW 2000,
Australia Account Opening

What can you do with features opinions offers a wealth of trading options to choose from. Their offering is one which competes with any of the major forex brokers in the sector. This catalogue of trade products includes 54 forex currency pairs, 35 indices, 39 ETFs, 8 commodities, 6 cryptocurrencies, and in excess of 2,000 stocks.

In the cases of cryptocurrency, stocks, indices, commodities, and ETFs, all of these trading products are offered as CFDs.

As mentioned, this wide-ranging collection of markets is more than a match for any of the industries major brokers, and the total number of CFDs offered by significantly exceeds that of many other brokers. demo: how to open a free virtual account

Opening a demo account is a simple and quick process.

To get started, you simply need to input your email address and choose a password. This will then launch the web-based trading platform. This platform will be funded with a virtual $10,000 to enable practice trading. Live: how to open a Live account

Opening a live account is similarly speedy and convenient, with only a couple of extra steps required in-terms of verification from the requirements of a demo account.

These additional steps entail completing the detailed registration pages with regard to your personal information, tax status, and other matters.

From there, you must upload a verified ID, and verified residency document to complete your registration and begin trading through a live account. Deposits and Withdrawals – All the options

Deposit Methods

The following deposit methods are all accepted for trading on

  • Visa/MasterCard
  • Bank Wire Transfer
  • Neteller
  • Skrill
  • Envoy
  • WorldPay does not charge a deposit fee through any of the methods.

In addition, any external institution fee charged by your bank will be reimbursed by for users depositing more than $2500. When it comes to a bonus, this may be as close as traders can get due to financial regulations.

Withdrawal Methods

The same withdrawal methods are made available to traders as deposit methods, with withdrawals being processed via the same method as deposits.

The withdrawal minimums are low, between 10-20 USD/EUR/GBP, with the wire transfer minimum being set at 100 USD/EUR/GBP.

The broker charges no withdrawal fees other than those imposed by your financial institution. withdrawal by VIP customers are eligible to have these outside fees reimbursed.

Our withdrawal review has shown the broker to be both flexible and fast. The withdrawal time from submission is usually with 24-48 hours based on user experience. minimum deposit

The minimum deposit is 100 USD/EUR/GBP.

This is standard for all account holders. It can be considered relatively high for a major broker in comparison to some other brokers in the industry. Bonus and Offers

Unfortunately, due to CySEC regulatory requirements, a bonus is unavailable. The only semblance of a bonus which users can access is the reimbursement of banking fees incurred on deposits of more than $2500. Review – Accounts, Conditions, and Fees Account Types only offer one account type. That is the standard account, available to all traders.

In-terms of availability, accounts are open to traders in most countries with a few exceptions. Those exceptions are the US, Canada, Australia, New Zealand, Hong Kong, Japan, South Korea, Turkey, Belgium, Russia, Brazil, and Israel.

Commissions, Fees, Spread and Market Trading Hours on

When it comes to commission, they offer fixed spreads on the majority of trading products. This ultimately ranges from 2.0 pips on major currency pairs, and an average of 0.35 pips on US-based stock CFDs.

Overall, some traders may find that the spreads offered by are marginally higher than some other brokers. This is the case across some markets, however they are highly competitive on stock CFDs, and many of the spreads are offset by the fact that the platform has low overnight financing rate, no inactivity fees, and no deposit fees.

These are fees which are often prominent through other brokers, and so, this low-level of non-trading fees, may appeal very much to new or experienced traders alike. Islamic Account

A Islamic account is available for those traders who require it. This can be quickly enabled after making contact with customer support team. Leverage – What it the highest leverage offers?

The maximum available leverage extends up to 1:300 (Outside Europe) on many major currency pairs. This leverage varies depending upon which trading products are being used. For example, cryptocurrency CFD leverage is 1:5. Cryptocurrencies Bitcoin and other cryptocurrency offerings are among the more extensive when it comes to trading brokers. They offer 6 of the most popular cryptocurrencies as CFDs.

This includes, Bitcoin, Bitcoin Cash, Ethereum, Ripple, Litecoin, and Dash. cryptocurrency markets offer leverage of between 1:1 and 1:5 depending on the market. CFDs

This broker review has shown us that the company offer some of the most extensive options when it comes to CFDs trading.

The broker offers CFDs trading on thousands of global stocks, indices, commodities, metals, ETFs, and currency. This offering is as extensive as any other major broker, and is one which has grown progressively over the years to be in a position to satisfy any type of trader. Privacy Policy enact a comprehensive privacy policy for the protection of all of their traders worldwide. More in-depth information regarding this policy and everything which it caters for, can be found from the company documentation. Trading Platforms Review trading platforms include both MT4 and MT5, as well as their own proprietary trading platform which is web-based.

The MT4, and MT5 platforms are well-known throughout the industry, and highly respected among many traders. Their third-party offering differs little from the top-quality trading platform which many traders already know of.

For that reason, we will focus primarily on the functions and features provided by the trading platform. Trading Platform Review

Firstly, from a visual perspective, the web-trading platform looks fantastic. It is designed with HTML 5 which contributes to its visual, and user-friendly appearance. The layout of the platform itself is highly intuitive and resembles that of many other popular proprietary trading platforms.

Charts are positioned for display in the main central window, with the majority of controls coming from the left side taskbar where all of the markets and categories are displayed and easy to find. The easy to use search function is also available to quickly find and display any market.

From a technical perspective the platform also provides for more than 90 professional indicators to be added. This is as many as any other web-based trading platform in the industry. In the order-screen, everything is designed for speed and convenience. Market, limit, and stop-loss orders are available. The platform also allows traders to toggle between single and multi-chart layouts, providing maximum access to research and the economic calendar as you trade.

Overall, it is a highly impressive, and intuitive platform which seems to have a small learning curve, ideal for new traders, and the ability to implement an extensive range of tools and analysis, meaning it will also be well received by more experienced traders.

Mobile Platforms

The mobile trading platform continues in the same vein as the web-based version in terms of visual attractiveness and ease of use. Both of these facts are true, and the platform manages to offer the same easy to use search function and some access to research tools in the form of trader’s trends.

The platform allows for you to quickly and easily select your favorite markets through the search and favorite function, as well as having a fast ordering system to ensuring trading on the go is as easy as possible. As with many mobile trading platforms, it is difficult to encompass every aspect available online, and in this regard, the mobile platform lacks certain technical capabilities such as drawing tools and professional indicators.

Overall however, for a proprietary platform, the mobile trading platform shows well and provides for all the basic needs of the modern trader. tutorial: Where to find the best Guides does feature a range of educational resources and videos on their website. This includes webinars, and step-by-step video guides on how to get started with the broker and trading platform.

If you are keen to learn more though, there are many outside sources offering the best in trading strategy and broker guides.

Support, Research and Educational Material Customer Support user reviews related to customer service have been excellent. The broker is contactable through:

  • phone
  • website powered live chat
  • email

All of these support services are available in a number of languages. When tested, each method was quickly responsive with helpful answers.

These services are available on a 24/5 basis, with any unanswered questions followed up promptly when the markets have reopened for trading. By way of support, the broker also provides an extremely in-depth and informative FAQ section on their website. This may solve the queries of many traders without the need to call or further contact customer support.

Research research functions are excellent and constantly improving. The broker utilizes Trading Central to provide in-depth market analysis and charting. This includes trading signals and forecasted movements. As third-party research services go, trading central is among the most popular and insightful for traders.

The Broker also employs other precise research tools such as Traders Trends. This conveniently analyzes the market movements in any current moment and displays the current market sentiment to the nearest 1%. This live data could make all the difference when crunch trading decisions are made.

These features also combine with other tools such as Trending Now, and Market Consensus from TipRanks to ensure that traders have access to the most up to date, and informative research possible, all complemented by the provision of live news headlines from

Educational Material has a range of methods available, aimed at enhancing the education and trading experience of its users. A focal point of this is the Webinars hosted by the broker. These usually take place twice a month and revolve around some key trading education elements.

Alongside this offering, the company provides a range of videos aimed at guiding both new and experienced users in their daily trading behavior and use of the trading platform. Trading Academy

Although the broker does not have a specified training academy as such, they do provide a decent range of educational material to enable new traders to become involved in the sector, and enhance their knowledge in a positive fashion.

If you are seeking to grow your knowledge on, other brokers, or any element of the forex trading industry, it can always be of fantastic additional help to explore other options. users, customers and bad reviews

Before moving on to our final opinion on, for completeness we want to give you the opportunity to read some comments and experiences written directly by other users. However, important prerequisites must be made:

WARNING: in the world of online trading, very often users who do not know how to operate professionally, and therefore lose money, vent their frustrations by giving bad reviews on the broker, reviews that have nothing to do with the quality of the broker in question.
WARNING 2: There have been many cases where non-professional rival brokers paid fake users to write false negative reviews on other brokers.

That said, it can still be useful to take a look at the direct reviews of other users, if for no other reason to understand what to pay more attention to when you start working with that broker.

You can read users and customers reviews on on TrustPilot and ForexPeaceArmy.

Final Thoughts and Opinions on

Concluding our broker review, we will offer our objective final opinions and comments related to how broker has measured up against competitors, and the level of service and features they provide to traders.

It is our hope that this insight, in collaboration with the exhaustive review which has been carried out, can assist traders, both new and experienced in making the next positive step in their trading journey, hopefully having learned a little about how to trade with and armed with a little more information. review, opinions and final comments

This broker has been active in the industry in some form for more than a decade. This is experience which can prove invaluable to traders. has clearly utilized all of its years of experience to craft an offering which is desirable to traders. This is what has position the broker so highly in terms of user base.

Overall, the broker is well-regulated, trustworthy in its operation, and provides all of the expected and required tools from a trading perspective to create the best environment possible for its users. They have also recognized areas which have not been so strong in the past, such as research, and acted on improving these areas.

These are all positive signals which would suggest will remain in its industry-leading position for years to come, and mark it as a broker which would be highly recommendable for anyone considering a change or even entering the forex trading market for the first time.

Why You Should Choose

Choosing a forex broker is ever easily, but with you have a broker which stands out for its industry reputation, regulation, transparency, and competitiveness in trading. These are some of the few reasons you could choose to open an account with

They are continually evolving and growing, and with such benefits as the generous leverage, strong research tools, proprietary trading platform, and non-charging of fees on both deposits and withdrawals, a considerable case can be established for any trader, new, or experienced, joining Reviews – PRO

  • Well regulated by some of the most respected bodies in the financial world, and owned by a reputable parent company which is publically listed and recognized as being highly successful.
  • The broker offers an extremely diverse and extensive range of CFDs. These mean there will almost always be a trading instrument available to suit every type of trader.
  • Within these markets, the broker offers a highly competitive spread on stock CFDs in particular. This can be particularly attractive to traders who favor these markets. Reviews – CONS

  • There are unusually large spreads in forex pairs. This may not be suited to all traders, especially those of experience and higher volume.
  • Regulation of the platform is sufficient, however it is surprising they are not further regulated given their size and years of experience.
  • The educational offering of the platform, though increasing, could still be extended upon. Review 2020 and Technical Opinions

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Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
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