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/10

OpenFX

Belarus Belarus | 10-15 years |
Questionable Regulatory License | Suspicious Operational Region | Belarus Forex Trading License (EP) Revoked | High Potential Risk

https://en.openfx.by/?_ga=2.233790686.1994811847.1610509165-1257332822.1610509165

Website

Rating Index

Influence

Influence

C

Influence Index NO.1

Georgia Georgia 3.08
Surpassed 16.40% brokers
Business Region Search Statistics Ad Campaigns Social Media Index

Contact

+375 17 336 55 44
https://en.openfx.by/?_ga=2.233790686.1994811847.1610509165-1257332822.1610509165
220116, 104 Dzerzhinsky Ave., Suite 803B Minsk, Belarus

license Forex License

risk

No forex trading license found. Please be aware of the risks.

Company Profile 5
10-15 years
Questionable Regulatory License
Suspicious Operational Region
Belarus Forex Trading License (EP) Revoked
High Potential Risk
Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
4

Basic Information

Registered Region
Belarus
Operating Period
10-15 years
Company Name
Open Investments LLC
Abbreviation
OpenFX
Employees
--
Email
support@openfx.by
Contact Number
+375173365544
Address
220116, 104 Dzerzhinsky Ave., Suite 803B Minsk, Belarus
Account Info
Business Region
Verified Site
Relationship Map
Related Companies
Employees
About Us
Wiki Q&A
Comment

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Official Website

Verified Site

  • openfx.by
    193.176.182.140
    Server Location
    Belarus Belarus
    ICP Registration No.
    --
    Top Visitor Locations
    --
    Creation Date
    --
    Website Name
    --
    Company
    --

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OpenFX

Related Companies

Open Investments LLC(Georgia (United States))
United States
Open Investments LLC(Georgia (United States))
Active
United States
Registration No. 15003266
Est. Date
Source Official Statement
Employees

Company Profile

Company Profile

Review summary

Registered Country/Region Belarus
Regulation NBRB
Minimum Deposit 100 USD/EUR
Maximum Leverage 1:200
Minimum Spreads From 0.0 pips
Trading Platform N/A
Demo Account Yes
Trading Assets currency pairs, commodities, oil markets, and stock indices
Payment Methods Bank Transfer, Bank Cards
Customer Support Phone, Email

General Information & Regulation

OpenFX is a Belarus-based provider of foreign exchange and commodities trading services, which started successfully completing its first trades on the foreign exchange market in 2004, launched a multi-stage program for trader development in 2017, and began offering investment solutions on the Belarusian and Russian markets.OpenFX currently holds a National Bank of Belarus (NBRB) retail Forex license (license number: 192612632).

Market Instruments

OpenFX offers investors a small range of investment assets, mainly currency pairs in the Forex market, commodities, oil markets, and stock indices.

market-instruments

Minimum Deposit

Three trading account options are available on OpenFX platform: the classic, the pro and the premium accounts. The minimum initial deposit for a standard account is 100 USD/EUR, while the initial deposit for the pro and premium accounts is both 1000 USD/EUR.

account-types

Spreads & Commissions

Spreads start from 0.0 pips for all three accounts, and commission starts from 0.01% for Pro accounts (round turn), 0.03% for Premium accounts (round turn), and 0.13% for Investment accounts.

Deposit and withdrawal

Deposit and withdrawal can be done through bank transfer and bank card. The minimum deposit via bank transfer is $100 with service fee depended on traders' bank, and minimum withdrawal amount is $50, $5 deducted from withdrawal amount; Trader who deposit and withdraw funds through bank card with a minimum amount of $10, up to 2.5% deposit fees.

deposit-withdrawal
Trading Platforms

Customer Support

OpenFX support a wide range of languages including English, Arabic, Farsi, Turkish, Spanish, Portuguese, French, German, Russian, Thai, Malay, and Indonesian.

You can reach out to FX Open through phone, email. Here are some contact details:

Telephone: +375 17 336 55 44

Email: support@openfx.by

Company Address: 220116, 104 Dzerzhinsky Ave., Suite 803B Minsk, Belarus

Educational Resources

Here you can find some educational resources that may helpful to your forex trading, which including Courses, Online Trading, Videos.

Pros & Cons

Pros Cons
Three types of trading accounts to choose from Deposit & withdrawal fees charged
Accpetable minimum deposit No online chat available
Competitive trading costs Limited payment mthods
Multilingual customer support
Excellent educational resources
High leverage
Demo accounts available

Frequently Asked Questions

Does Open FX offer a demo account?

Yes, Open FX does offer a free demo account for beginners to practice forex trading in a 100% risk-free environment.

What is the minimum deposit requirements to open a live account with FX Open

The minimum deposit is $100.

Does Open FX offer leverage?

Yes, the maximum trading leverage offered by Open FX is up to 1:200.

What payment methods does Open FX support?

Open FX supports payments through

What trading platform does Open FX provide?

No clear information about this part

What types of trading accounts does FX Open provide?

There are three types of trading accounts on offer:

  • Standard

  • Professional

  • Premium

Company Profile

  • 10-15 years
  • Questionable Regulatory License
  • Suspicious Operational Region
  • Belarus Forex Trading License (EP) Revoked
  • High Potential Risk

Wiki Q&A

How is the fund security of OpenFX evaluated?

WikiFX assesses fund security based on a broker's regulatory status and financial oversight. OpenFX, operating as Open Investments LLC, currently holds a revoked National Bank of Belarus retail forex license (192612632) and operates without active, credible financial authority supervision. The entity's WikiFX SkyEye Score of 1.64 reflects a profile that lacks the robust regulatory safeguards typically associated with secure client fund segregation and protection.

04-02
United States

Which financial regulator oversees OpenFX?

OpenFX is not overseen by a mainstream financial regulator. Its operational description references a National Bank of Belarus (NBRB) license, but WikiFX data indicates this specific license is listed as 'Revoked'. Therefore, the entity currently operates without valid, authoritative regulatory oversight, which is a critical consideration for traders evaluating operational legitimacy and client protection standards.

04-02
United States

What is the full company name of OpenFX?

The broker operates under the full company name Open Investments LLC. It is based in Belarus and describes itself as providing foreign exchange and commodities trading services, with a stated operational history in the market.

04-02
United States

Apa yang dimaksud dengan situs broker kloning?

Situs broker kloning adalah situs yang meniru informasi broker resmi untuk menyesatkan investor agar melakukan penyetoran dana. Situs tersebut biasanya menyalin nama merek, desain halaman, bahkan informasi regulasi. Ciri umum meliputi domain yang sangat mirip dengan situs resmi, informasi kontak yang sulit diverifikasi, serta penawaran keuntungan yang tidak wajar. Setelah dana masuk ke platform seperti ini, biasanya sulit untuk dipulihkan. Disarankan untuk memverifikasi domain resmi dan informasi regulasi serta menggunakan WikiFX sebagai referensi tambahan.

Three days ago

Apa itu WikiFX dan bagaimana membantu investor?

WikiFX adalah platform pihak ketiga yang menyediakan layanan pencarian informasi broker forex serta peringatan risiko. Platform ini mengintegrasikan informasi regulasi, umpan balik pengguna, dan riwayat operasional broker, serta melakukan evaluasi melalui model multidimensi untuk membantu investor memahami kondisi broker secara lebih menyeluruh.

Three days ago

¿Qué significa que un bróker tenga múltiples licencias regulatorias?

Cuando un bróker posee múltiples licencias regulatorias, generalmente significa que opera en diferentes jurisdicciones y debe cumplir requisitos normativos de varios organismos supervisores, lo que puede reflejar mayor capacidad operativa internacional. No obstante, la solidez de la supervisión puede variar entre reguladores, especialmente en el caso de licencias offshore. Se recomienda verificar si el bróker cuenta con licencias de organismos principales como FCA o ASIC y revisar su historial regulatorio mediante WikiFX.

Three days ago

What does it mean if a broker holds multiple regulatory licenses?

If a broker holds multiple regulatory licenses, it usually means that it operates in multiple countries or regions and needs to comply with the requirements of different regulatory authorities. Its overall credibility is generally higher. However, it should be noted that regulatory strength differs between licenses. Some offshore regulations have weaker restrictions, so safety should not be judged only by the number of licenses. It is recommended to focus on whether the broker holds licenses from major regulators such as FCA or ASIC, and evaluate its regulatory status, historical records, and overall rating together. You can also check all regulatory information and performance under different regulators on the WikiFX platform to more comprehensively assess its actual risk level.

04-02
United States

¿Cómo identificar si un bróker presenta un perfil de riesgo elevado?

Un bróker puede evaluarse como de mayor riesgo considerando factores como la situación regulatoria, las reclamaciones de usuarios, la seguridad de los fondos y la coherencia de la información pública disponible. En general, los brókers sin regulación válida, con problemas frecuentes de retirada o con un elevado número de reclamaciones suelen presentar mayores niveles de riesgo. En WikiFX pueden consultarse el estado regulatorio, la puntuación integral, los registros de exposición y las opiniones de usuarios como referencia adicional.

Three days ago
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