This blog post will present a thorough FX Oppen Review, addressing the red flags, regulatory warnings, and customer concerns that have emerged. It is critical to understand why this broker is regarded as a scam and how traders should avoid falling victim to such deceptive practices.
Basic Details for FX Oppen
Website: https://www.fxoppen.co/; https://fxopenltd.com
Website Availability: YES
Official Address: NA
Regulation: Unregulated
Warned By: Financial Conduct Authority (FCA)
Domain Status:
What is FX Oppen?
FX Oppen advertises itself as a genuine online trading platform offering various financial services, including forex and CFD trading. The broker trades under multiple names, including fxoppen, fxoppenFX Trader, and FXOPEN Limited, and maintains multiple websites. These many identities cause confusion among traders, and, understandably, many have been deceived into believing FX Oppen is a legitimate broker. The firm attempts to market itself as a well-established and regulated entity, but its facade immediately dissolves upon examination.
FCA Warned Against FX Oppen
One of the most important evidence against FX Oppen is a warning from the Financial Conduct Authority (FCA), the UK’s primary financial regulatory authority. The FCA has designated FX Oppen as a clone firm, which implies it fraudulently impersonates a legitimate, FCA-authorized entity. The alert states that FX Oppen has utilized names and websites that are confusingly similar to authorized brokers, leading traders to believe they are dealing with a legitimate organization.
The FCA’s warning emphasizes the following fraudulent names and websites associated with FX Oppen:
- Names: fxoppen, fxoppenFX Trader, FXOPEN Limited
- Websites: https://fxopenltd.com, https://www.fxoppen.co, https://app.fxoppen.co
It is crucial to emphasize that FXOpen Ltd, a real, FCA-authorized broker, is not linked with FX Oppen. The fraudulent broker simply borrowed its name and branding to entice naive traders into its web of deception.
FX Oppen Review – Conclusion
Based on many factors explained above we have finally concluded that FX Oppen is a fraudulent broker. Do extensive research on any site before investing.
Be aware of schemes like Forex Trading Deceptions, Cryptocurrency Cons, Internet Dating Scams or Romance Fraud, Pump and Dump Tactics, Ponzi Schemes, Investment Deceptions, Fake Trading Platforms, Phishing Attacks, Robo-Advisors Deceptions, and Binary Options Deceptions.
If you have already fallen victim to FX Oppen fraud, take quick steps to recover your money. While the process can be tough, patience and completing the proper steps can improve your chances of receiving your money back from FX Oppen.
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Note: The FX Oppen review is influenced by some existing reviews online and we have created original review based on known facts. We are not responsible for any legal actions taken by any entity favoring FX Oppen company.