Vahid 
1-2 years
What are the pros and cons of trading with OpenMarkets?
Broker Issues
Regulation
07-20
United States
WikiFX
Reply
One of the pros of trading with OpenMarkets is that it offers a wide range of services, including enterprise APIs, execution services, and risk management. The firm also has diverse customer support channels, such as phone, email, and social media. However, the lack of an active regulatory license is a major con, as it leaves traders exposed to potential risks. Additionally, the firm does not offer a demo account, which makes it harder for new traders to practice without risking real capital. As someone who values transparency, I would find the openmarkets platform more trustworthy if the firm had clearer information about its fees and accounts. A openmarkets review could help clarify the pros and cons further.
Similar Questions
Have you experienced any drawbacks with RONGTONG GOLD in terms of their customer support or the stability of their platform?
mohdfazlan 
01-21
Considering available reviews and your assessment, what is your evaluation of BPF's trustworthiness?
Shoofar 
09-07
Would you consider CommSec to be a reliable and trustworthy broker for trading?
Aman A 
07-13
Is EterWealth legit for trading?
Mansuber007 
08-14
What are the pros and cons of Super Forex?
edgeisedge 
06-09