Global Broker Regulation Inquiry App
WikiFX
Broker
Rankings
Regulators
Ahmed Harb
Within 1 year

Is it possible to trade particular assets such as Gold (XAU/USD) and Crude Oil through OpixTech?

Broker Issues
OpixTech
Platform
Instruments
Leverage
Account
03-12
United States
WikiFX
Reply

From my experience and close review of OpixTech’s offerings, I see that the broker claims to provide trading access to a range of assets, including commodities. This would typically include popular instruments like Gold (XAU/USD) and Crude Oil. However, I have to be extremely cautious here. OpixTech is an unregulated entity, and that fact alone raises significant red flags for me when considering depositing funds or engaging in any real-money trading, regardless of the assets on offer. While the platform advertises tools for multi-asset trading and mentions coverage of forex, stocks, options, and commodities through its Opix Trade platform, crucial details on asset specification and contract details are lacking. In my practice, transparency around tradable instruments, especially staples like Gold and Oil, is essential for both planning and risk management. Unfortunately, OpixTech doesn’t provide sufficient clarity on the specifics of commodity asset availability or their contract terms. Given the absence of regulatory oversight, ambiguous information regarding trading conditions, and user complaints related to withdrawal restrictions and possible scam activity, I cannot comfortably endorse trading Gold, Oil, or any other asset type through this broker. For me, the lack of genuine regulation and transparency is an unacceptable risk, regardless of the asset offerings. I would personally avoid using OpixTech for trading commodities or any financial product.

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