Openmarkets.cfd Review

openmarketscfd

Warning Investors openmarkets.cfd – This is a suspected imposter entity. It may be impersonating or falsely claiming to be working with:

– a registered Australian business;

– Australian financial services licensee;

– Australian credit licensee; and/or

– the authorised representatives or employees of the business or licensee.

Introduction To openmarkets.cfd:

openmarkets.cfd is a website that claims to provide online trading services for various financial instruments, such as forex, stocks, commodities, indices, and cryptocurrencies. The website states that it is operated by a company registered. However, the Australian Securities and Investments Commission (ASIC) has issued a warning that openmarkets.cfd is a suspected imposter entity that is not affiliated with the licensed Australian firm. ASIC advises investors to avoid dealing with openmarkets.cfd and any other entities that are not authorised to provide financial services in Australia.

Regulation and Compliance Of openmarkets.cfd:

openmarkets.cfd is not regulated or licensed by any reputable authority. The website does not provide any information about its regulatory status, registration number, or legal address. The only contact details provided are an email address and a phone number with an Australian prefix. However, this does not mean that the entity is based in Australia or has any connection to the country. In fact, ASIC warns that openmarkets.cfd may be operating from overseas and targeting Australian investors without their knowledge or consent. Furthermore, openmarkets.cfd does not comply with the rules and standards that apply to legitimate financial service providers, such as ensuring fair and transparent trading conditions, protecting client funds, and resolving disputes.

Customer Support Offered By openmarkets.cfd:

openmarkets.cfd does not offer reliable or professional customer support. The only way to contact the entity is through an email address or a phone number that may not be answered or may be used to pressure or deceive investors. There is no live chat option, no FAQ section, no social media presence, and no online feedback from other customers. The website also contains many grammatical and spelling errors, which indicate a lack of quality and credibility. Moreover, openmarkets.cfd may use aggressive or misleading marketing tactics, such as promising unrealistic returns, offering bonuses or incentives, or requesting personal or financial information.

Customer Reviews Of openmarkets.cfd:

openmarkets.cfd does not have any positive or authentic customer reviews. The website does not feature any testimonials or ratings from real clients who have used its services. There are also no independent reviews or comments from reputable sources, such as online forums, blogs, or review sites. This suggests that openmarkets.cfd has a low reputation and trustworthiness among the online trading community. On the contrary, there are several warnings and complaints from regulators and investors who have encountered problems with openmarkets.cfd or similar entities. These problems include difficulty in withdrawing funds, unauthorized charges, account closure, identity theft, and fraud.

Measures to Avoid Fraud Brokerages Like openmarkets.cfd:

There are several measures that investors can take to avoid falling victim to fraud brokerages like openmarkets.cfd. These include:

– Checking the regulatory status of the entity before opening an account or making a deposit. Investors can verify if the entity is licensed or authorised by ASIC or other reputable regulators by visiting their websites or contacting them directly.

– Doing thorough research on the entity’s background, reputation, and performance. Investors can look for online reviews, feedback, ratings, and complaints from other customers or sources who have dealt with the entity or similar ones.

– Being cautious of unsolicited offers or requests from unknown entities. Investors should ignore or report any emails, calls, messages, or ads that claim to offer lucrative trading opportunities or ask for personal or financial information.

– Reading and understanding the terms and conditions of the entity before signing up or accepting any offers. Investors should pay attention to the fees, charges, commissions, spreads, leverage, margin requirements, withdrawal policies, and dispute resolution procedures of the entity.

– Keeping records of all transactions and communications with the entity. Investors should save copies of their account statements, trade confirmations, contracts, invoices, receipts, emails, chats, and calls with the entity in case of any issues or disputes.

Conclusion:

openmarkets.cfd is a suspected imposter entity that is not licensed or regulated by ASIC or any other reputable authority. It may be involved in fraudulent activities that can harm investors’ interests and funds. Therefore, investors should avoid dealing with openmarkets.cfd and any other entities that are not authorised to provide financial services in Australia. Investors should also follow the measures mentioned above to protect themselves from scam brokerages and report any suspicious activities to ASIC or other relevant authorities.


Best Website For Identifying Scam Crypto Brokers.

File Your Crypto Cointrace Now !