Open Broker Trade
Broker Open Broker Trade: features and trading conditions
Open Broker Trade – a modern platform for trading activity, offering convenient opportunities for capital growth and a wide selection of assets. Technical support is available 12/5.
Registration and account opening conditions
Registration on the Open Broker Trade platform is fast, after which you can open an account. Details regarding the currency used, payment services, and the minimum deposit amount are not provided.
Legal information is missing on the openbroker.trade website – there is no copy of the registration certificate, permission to operate, and contact phone number.
The company reserves the right to block accounts and restrict access to accounts at its discretion.
Trading conditions at Open Broker Trade
All information about the collaboration format is available in the company’s document section. There you can find the client agreement, privacy policy, as well as the bonus and credit accrual system.
The company categorizes clients into three categories: standard client, VIP client, and premium account.
- Standard: Account activation immediately after registration. Minimum deposit amount – no less than 10,000 euros. Preferred choice for beginners with the possibility of moving to the next level. Account maintenance fee – 90 euros, 24% credit rate, minimum position – 25 euros.
- VIP account: For experienced clients. Required deposit amount – up to 50,000 euros. Improved conditions for fees and limits. Account maintenance fee – 50 euros, 12% credit rate, maximum bonuses – 125 euros.
- Premium: Designed for experienced traders with capital from 50,000 euros. Privileges include lower fees and limits. 6% credit rate, no fees, 6% deposit interest.
Deposit and withdrawal of funds
The company accepts Visa, Mastercard, Maestro, and MIR cards for deposit and withdrawal of funds.
The minimum initial capital is not specified, but a reward and bonus system is provided. Details of accruals and bonus sizes are not disclosed.
Information on deposit methods is only available to registered users. There are fees for depositing, withdrawing, maintaining the account, and inactivity on it.
A similar payment system is used for withdrawals. Minimum and maximum withdrawal amounts are not specified.
Conclusion
Open Broker Trade offers comfortable conditions for investing, but does not provide detailed information on trading tools and opportunities. There is no information on the presence of a license for operations. No contact phone number is provided.
I am extremely dissatisfied with your performance as a broker, especially with your subpar execution of open broker trades.
Working with Open Broker Trade was a disaster. Their customer service was unhelpful, unresponsive and lacked basic knowledge about trade. They had no transparency about the hidden charges and continuously attempted to push risky investments. Also, multiple glitches on their trading platform led to significant losses. Would not recommend this platform to anyone seeking a secure and transparent trading experience. Overall, the brokerage experience with Open Broker Trade was beyond frustrating.