WikiFX

Reply

I believe that OpenMarkets’ regulatory status is a major issue. Its previous regulation under the ASIC Investment Advisory License has now been exceeded, and this effectively means that the firm is operating without regulatory oversight. For any trader, regulation is one of the key factors in determining a broker’s trustworthiness, as it ensures that the firm complies with industry standards and protects client interests. Without this oversight, trading with OpenMarkets involves a higher level of risk. For me, the exceeded license is a significant red flag. I suggest reading an in-depth openmarkets review to understand how this impacts their operations and customer safety.