OpenseaFX Review: Openseafx.com A Doubtful Broker

  • Regulation
  • Customer Support
  • Deposit and Withdrawal
0.5

OpenseaFX is an online trading platform that purports to offer investment opportunities in Forex, Stocks, and commodities, among others. They claim to be the best platform that is in the market. Thus you might want to make a deposit and seize the opportunities they promise. OpenseaFX is unreliable, and investing even a single dime with the company might lead to a massive loss of funds. 

OpenseaFX, Review, Platform

Hence as you read this impartial review on the company and why your funds are at risk. OpenseaFX has a terrible interface with no helpful information on the company. The about us section is blocked, and you can hardly relate to how they generate the massive returns they promise. Meanwhile, these reliable forex brokers apply tried and tested strategies. Unlike OpenseaFX, they include risk management such as stop loss to prevent massive losses of funds.

Accordingly, the trading world has high volatility, and without proper strategies, you will hardly enjoy the trading experience. OpenseaFX guarantees constant profits while there is no such thing. While investing, you might incur losses during sudden market shifts. Thus promising continuous returns is a myth.

Openseafx.com Review 

Opeseafx.com fails when it comes to transparency. They do promise expert-level services. So you expect to find qualifications details of the founders and that of the employees. The company hides information on the team they operate with, and you will end up relying on people who have no idea of how the trading world works. Scammers hide their identity because they open new platforms and rob money from innocent traders.

Openseafx.com is compatible with Metatrader 5, which is the only good thing for the company. However, the algorithm used in generating profits is unknown, and they do not seem to feature any reliable tools. Automatic trading is preferable to humans, but using the wrong tools will only attract massive losses your way.

OpenseaFX offers even beginners a chance to gain massive profits. Thus novice traders expect to find valuable education materials such as; webinars, video tutorials, and courses to help you understand more about the niche. They do not have any educational materials, and novice traders do not have a place on the platform. Experts as well at first glance on the website will avoid the platform. You should do the same or risk losing all your money.

How Openseafx.com Operates

Openseafx.com does not have a suitable style of operation, and they hardly seem to focus on trading. They seem to be of interest with the funds that you deposit since pop-ups appear urging you to log in and start benefiting. They operate anonymously, and the software in use is unknown and not reliable for trading. Also, OpenseaFX does not seem to have any ongoing trade activities on the platform. You can hardly determine the kind of returns to expect from the company.

OpenseaFX should at least feature three months or more of past trade activities. Accordingly, they might be attracting negative returns, and such data is not welcoming in the eyes of new investors. They showcase numerous scam traits and similarities to scammers. OpenseaFX will not function differently from fraudulent schemes, and you should be cautious regarding anything they offer.

Therefore scammers like Openseafx.com will lure you into making deposits through any means possible. Once you provide personal information, they will contact you with massive profit returns profits. They will urge you to seize one-time opportunities, and you might even come across a bonus of up to 100% on your first deposit. Moreover, when you fall for the catch and make a warranty consider your business with them. They will end up blocking you from accessing any of the services they offer.

Funds Safety

OpenseaFX does not show any reasons why you should trust them with your money. Furthermore, they expose numerous scam traits that should be a warning towards investing even a single coin. Also, the safety of your money should be a top priority, and relying on anonymous people for profits is uncertain.

The company does not showcase any swift transactions from any customers. OpenseaFX claims to have made massive returns for traders, and they do not have positive feedback from traders to prove the same. Thus it only seems to benefit the anonymous people behind the company. OpenseaFX fails to provide any banking information to affirm the security of your money. Furthermore, the unknown people might be keeping money in personal accounts while they persuade you to wait for profits.

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Openseafx.com, Review, Company

OpenseaFX software is unreliable and investing your money in the platform is at your own risk. The company does not allow you to test how the software operates before you decide to invest any money. Accordingly, a demo account helps you understand and familiarise yourself with how it works.

Deposit and Withdrawals

OpenseaFX does not have any information on the minimum amount of investment you can invest. They also do not feature any funding options that you can use to put money into your account. Furthermore, wire transfer and cryptocurrency transactions are irreversible when you make a deposit. Hence if you still want to deposit with the shady broker, you should use credit/debit options. You get a chargeback of up to 540 after investing through these methods.

OpenseaFX does not have a refund policy, and in case the services they offer do not please, you can not easily get your money back. Consequently, they do not reveal any information on withdrawals. Scammers will often hold onto your money as long as they possibly can. They do not indicate how long withdrawal requests take to process, and your money is not safe in the company.

Customer Support

OpenseaFX contact support is also blocked from access, and you will not receive any response once they have your funds. The company does not reveal any location information for their head address. They should at least feature telephone contact or email, if not both, for customer assistance.

Moreover, customer support helps build more trust between you and the company. OpenseaFX aims to provide a friendly interface, but it is questionable how they achieve the same without good customer service.

Regulation

OpenseaFX does not fall under the radar of any legit regulator. Thus they operate illegally since they do not exhibit any regulation documents to prove otherwise. Accordingly, in most countries, it is illegal to have access to public funds without adhering to regulatory guidelines. OpenseaFX can easily go against trading guidelines as they are not bound to any laws.

However, you can count on these regulated forex companies for transparent services. They feature regulation information that you can easily verify with the responsible watchdogs. OpenseaFX hides the founders’ information and that of the employees since they risk facing criminal charges. The company may easily go out of existence and since they can barely afford regulation fees facing bankruptcy is easy.

Final Verdict

OpenseaFX website is shady, and you can hardly find any information on their style of operation. They do not have any evidence of past trade activities. Thus not only do you risk losing your money when you count on mysterious people, your data as well may fall into the wrong hands.

Therefore you should invest with these forex platforms for sensible returns. Youguidelinesoy an online trading experience through reliable strategies and tested methods. Openseafx.com is not reliable, and you should avoid the platform at all costs.

 

4 Replies to “OpenseaFX Review: Openseafx.com A Doubtful Broker”

  1. Concerned

    I was able to get my money out of openseafx when I realized it was a scam however when I asked to close the account I was told I couldn’t…how do I ensure no more trades are conducted or push to lock/close the account?

  2. Potentially scammed

    Were you told you had to pay a security deposit and wait for it to clear before being able to withdraw your funds?

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