Information about Open Exchange Broker
The Open Exchange broker was founded in 2001, and although the country of its registration is not disclosed, it claims that its activities are regulated by the FINMAC company. However, the information provided by the broker is not supported by corresponding documents. The office address is not disclosed, but the company can be contacted via email or online chat.
Open Exchange Trading Conditions
Open Exchange offers four types of trading accounts:
- Start — minimum deposit 250 USD/EUR/GBР, minimum spread from 1.5 pips, maximum leverage up to 1:500, bonus up to 30%, 24/5 support, welcome call from a personal account manager.
- Pro — minimum deposit 2,000 USD/EUR/GBР, minimum spread from 1.2 pips, maximum leverage up to 1:500, bonus up to 50%, 24/5 support, personal manager, investment research and analytics from Trading Central.
- Premium — minimum deposit 10,000 USD/EUR/GBР, minimum spread, maximum leverage up to 1:500, bonus up to 100%, 24/5 support, personal manager, investment research and analytics from Trading Central, monthly session with a senior market analyst.
- VIP — minimum deposit 50,000 USD/EUR/GBР/CHF, any leverage, bonus up to 100%, 24/5 support, dedicated personal manager, investment research and analytics from Trading Central, weekly session with a senior market analyst, exclusive trading strategies, development of an individual business plan.
Open Exchange also provides clients with Islamic beliefs a special type of account – Swap-Free, where swap is replaced by a fixed commission.
Depositing and Withdrawing Funds with Open Exchange
The time it takes for funds to be credited to the account depends on the chosen method:
- Credit cards and electronic currencies are credited automatically.
- Bank transfer is credited within 2-3 business days.
Clients must also consider certain conditions for fund withdrawals:
- Withdrawal of electronic currencies occurs automatically.
- Withdrawal via bank transfer takes between 2 to 7 business days.
Conclusion
Open Exchange offers a variety of trading services, but it should be noted that the company is not licensed to provide them. Information about the company’s registration and office address remains undisclosed. The broker offers various account options starting from a deposit of 250 USD/EUR/GBР. For clients whose religion prohibits working with swaps, a special type of account is available where swap is replaced by a commission. The time for crediting and withdrawing funds depends on the chosen method.