Vahid 
1-2 years
What are the pros and cons of trading with OpenMarkets?
Broker Issues
Regulation
2025-07-20
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
What are the main risks or downsides to keep in mind when using Topstep?
Moshiheya 
2025-08-09
Is VCP Markets safe and legit for me to trade with?
QM Trader 
2025-08-15
Is ORBEX a reliable and legit broker for trading?
Franko Knavs 
2025-08-14
Is SGT regulated?
Vahid 
2025-08-02
Have you encountered any drawbacks with Monex Europe's customer service or the reliability of their platform?
Eziol 
2025-08-09