WikiFX

Sagot

OpenMarkets’ unregulated status significantly undermines its credibility. Regulation provides a level of assurance that a broker adheres to industry standards, offering investor protection and ensuring fair practices. Without an active license, traders cannot rely on the protections that come from regulatory bodies like ASIC. For me, I would hesitate to use OpenMarkets for serious trading, especially considering its limited transparency and the lack of key information such as trading fees and account structures. I highly recommend reading an openmarkets review before using the platform to assess how the lack of regulation impacts user experiences.