Open FXC is a contract for difference (CFD) broker established in 2023 in Saint Vincent and the Grenadines, with its headquarters located in Kingston. It primarily offers CFD trading services in forex, commodities, futures, and more. The broker's official website supports multiple languages, including Simplified Chinese, English, German, Arabic, Portuguese, and others. According to Whois records, the broker's website domain was registered on March 10, 2023.
Company Background:
Open FXC is a CFD broker registered in Saint Vincent and the Grenadines, with its office address at Suite 305, Griffith Corporate Centre, Kingstown, St. Vincent and the Grenadines, and it is registered under number 2987LLC2023. However, the broker's domain was registered in 2023, less than a year.
Trading Software:
The broker provides users with access to the Open FXC MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms.
Trading Tools:
Open FXC offers trading tools such as an economic calendar, trading calculator, historical data, virtual private servers, there have been reported issues with the functionality of these tools.
Copy Trading:
Users can select suitable providers from OPEN SOCIAL TRADER based on their own returns, risk preferences, and other requirements.
Regulatory Information:
Open FXC claims to be regulated by the Financial Services Authority of Saint Vincent and the Grenadines (SVGFSA). However, it's important to note that SVGFSA does not issue financial licenses; it only provides company registration information. Therefore, Open FXC is not regulated by any supervisory authority.
Operating Area:
Open FXC does not provide services to residents of the United States, Canada, Sudan, Syria, North Korea, Iran, Iraq, Mauritius, Myanmar, Yemen, Afghanistan, Vanuatu, and European Economic Area (EEA) countries.
Summary:
Open FXC was registered in Saint Vincent and the Grenadines in March 2023, and the broker is not regulated by any supervisory authority. The relatively short duration of its domain registration and being marked as "suspected scam" on TraderKnows should raise caution among users. It is important for users to exercise caution when considering the services offered by this company, ensuring the safety of their financial assets and avoiding potential scams.
