✔️ Information reviewed and updated in March 2024 by Pedro Martínez González

In this section we will tell you why You should NOT invest in Open Markets. We analyze the website, we observe every detail and we examine the main characteristics that are taken into account when choosing a good broker such as the location, the company to which it belongs, its regulation, its reputation…

A pocas palabras WE DO NOT RECOMMEND IT. Below we will show you essential information about Open Markets and we will tell you why we reached such a conclusion:

Basic Information

🌐 Websiteopenmarkets.cfd
🏠 Company*does not mention it
RegulatoryNot regulated
📧 Email[email protected]
📈 Leadingown platform
📌 Direction246 Exhibition St Melbourne VIC 3000 Australia

⚠️ Open Markets does not mention who owns it, the company is located in Australia, potentially dangerous for its clients due to its lack of regulation and lack of seriousness. Clients are unprotected. The company is located in a very unsafe place, be careful. ⚠️

Account types

Now we will analyze the account types offered by Open Markets, in this case, we observe that it does not offer account types.

Information on the web

Open Markets website

Open Markets provides a basic explanation of the financial products it offers, market news and analysis, live charts, really not much more than this.

List of phone numbers

+61) 432-614-755

🚫 Final evaluation of Open Markets 🚫

Finally, and in a few words, our recommendation is: DO NOT INVEST WITH Open Markets.

As we mentioned before, it is a financial company located in a place where you will not have protection from the law in case of being harmed, that is, you will not be able to claim anyone if an unfortunate event occurs such as the sudden loss of your funds or the closure of the company.

In case of problems, it is most likely that the authorities of your country will not be able to do anything. As a client of this company you are unprotected!

Investing with unregulated brokers or brokers based in such countries is very risky. It is best to invest with a regulated broker, based in a serious country.

Updates

News about Open Markets:

Date Update – news
March 2023We receive a large number of messages from Open Markets clients who claim that they cannot withdraw their capital.

User Reviews

[democracy id = ”6835 ″]

What is your opinion? We invite you to collaborate with us and vote. You can also leave a comment about your experience with Open Markets.

At the end of the review you will find customer comments.


How to Claim Money Scammed by Open Markets

If what you want is to know how to claim your capital, if you have been scammed, further down in the FAQ section you can find our advice.

How to Report Open Markets

If you feel dissatisfied with the service provided by the company, and for some reason you want to report it, below, in the FAQ section, you can find the best way to report this company.

FAQs

How can I report Open Markets?

This depends on where you are, you should go to the financial regulator in your country. Write us a comment on this review and we will help you.

Is Open Markets a scam – is it a scam?

Yes. We believe that Open Markets is Scam. We have received messages from clients who mention not being able to withdraw their capital, this added to other very negative characteristics of the company.

Is Open Markets trustworthy?

No. Open Markets is not trustworthy, it is a very unsafe company: 1) is based in unsafe countries, 2) has a very bad reputation 3) has a lot of complaints 4) It is a relatively new broker without seniority. These characteristics make the company very unreliable.

How to recover money from Open Markets?

If you want to know how to recover your capital, you can see it here. We explain in detail the process of recovering money from a scam company, step by step.

Are there (recommended) alternatives to Open Markets?

Yes, of course there are better and safer options! You can see here the brokers we recommend: ranking of the best brokers.

About the Author: Pedro Martinez Gonzalez

I'll tell you a little about myself! I am a financial analyst and economist with a master's degree in finance.
About my studies: I studied at the University of Salamanca for a Degree in Economics and then did a Master's in Finance in Madrid.
Do you want more information? You can read more about me here in my biography.

8 comments on «Is Open Markets a scam? Opinions of 2023»

  1. Antonio Llanos Sanchez Reply

    This Open Markets triding company is a scam, I put money in, and after operating for a while they won't let me get my money out.
    They tell me that you have to pay taxes before withdrawing, and then that you have to pay more taxes...

    • Recommended-brokers.com Reply

      Hello Antonio, thank you for writing about Open Markets. Currently this broker is considered a SCAM.

      If you are a client, do not make more contributions, their only objective is to steal from you, they manipulate operations manually, they keep the money from when it reaches their accounts, it does not enter the market, everything is prepared for you to lose or make you lose your money to have the excuse to keep it.

      If you decide to withdraw and they request a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it! That's the warning, from that moment you have to know that you are a client of a scam broker and no matter how much you pay you will never see your money.

      To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.

      If you want to recover your money go to our chat or check the form in this link: CLAIM YOUR MONEY

      Greetings.

  2. Yohannan Ortiz Reply

    Invert open markets is a scam… of the invested capital of $200 they made it grow by $2690 in 2 weeks. But to withdraw that money they asked me for a commission of $682, ​​and out of trust I deposited it with the advisor, but it was a lie, they pocketed that money, they emptied my private open markets account without my authorization to $0. It's all a scam open invest markets is a scam.

    • Recommended-brokers.com Reply

      Hi Yohannan, thanks for writing about Open Markets. Currently this broker is considered a SCAM.

      If you are a client, do not make more contributions, their only objective is to steal from you, they manipulate operations manually, they keep the money from when it reaches their accounts, it does not enter the market, everything is prepared for you to lose or make you lose your money to have the excuse to keep it.

      If you decide to withdraw and they request a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it! That's the warning, from that moment you have to know that you are a client of a scam broker and no matter how much you pay you will never see your money.

      To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.

      If you want to recover your money go to our chat or check the form in this link: CLAIM YOUR MONEY

      Greetings.

  3. Ruth Nicaragua Reply

    I made the mistake of not looking for reviews before investing in invert open markets and I deposited $300, the supposed trainer Nicolas Savala always called me to tell me if I could deposit more to create an account that they manage and that in 2 days I would be returning the capital but thank God I didn't do it. Two days ago they called me to tell me that they were going to cancel me due to inactivity and that if I wanted my money back I had to deposit the same amount for a bonus that they had supposedly given me. I preferred to lose $2 and not $300 since I don't think they would have returned it to me. I can send you where my supposed account appears at 600 when I deposit 0 US dollars.

    I know I'm not going to get them back but I don't want anyone else to be scammed by unscrupulous people like them.

    • Recommended-brokers.com Reply

      Hi Ruth, thanks for writing about Open Markets. Currently this broker is considered a SCAM.

      If you are a client, do not make more contributions, their only objective is to steal from you, they manipulate operations manually, they keep the money from when it reaches their accounts, it does not enter the market, everything is prepared for you to lose or make you lose your money to have the excuse to keep it.

      If you decide to withdraw and they request a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it! That's the warning, from that moment you have to know that you are a client of a scam broker and no matter how much you pay you will never see your money.

      To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.

      If you want to recover your money go to our chat or check the form in this link: CLAIM YOUR MONEY

      Greetings.

  4. Santiago Navas Reply

    I have an acquaintance investing, but I don't want them to steal my money or scam me. Can you help me? Blessings.

    • Recommended-brokers.com Reply

      Hello Santiago Navas, thanks for writing about Open Markets. Currently this broker is considered a SCAM.

      If you are a client, do not make more contributions, their only objective is to steal from you, they manipulate operations manually, they keep the money from when it reaches their accounts, it does not enter the market, everything is prepared for you to lose or make you lose your money to have the excuse to keep it.

      If you decide to withdraw and they request a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it! That's the warning, from that moment you have to know that you are a client of a scam broker and no matter how much you pay you will never see your money.

      To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.

      If you want to recover your money go to our chat or check the form in this link: CLAIM YOUR MONEY

      Greetings.

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