FX Oppen Review
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Fast Facts
Contact Info and Support
Traffic information
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About FX Oppen
FX Oppen operates through domains including www.fxoppen.co, fxopenltd.com, and app.fxoppen.co. The UK Financial Conduct Authority (FCA) has designated FX Oppen as a clone firm impersonating a legitimately FCA-authorised entity and issued a public warning identifying it as such; use of this fraudulent entity offers no access to protection under the Financial Services Compensation Scheme or Financial Ombudsman Service, per the FCA resolution dated June 3, 2024. Furthermore, the International Organization of Securities Commissions (IOSCO) has classified FX Oppen / fxoppen / fxoppenFX Trader / FXOPEN Limited / fxopenltd.com as an unregistered/unlicensed entity offering financial services. Domains associated with the operation are included in the FCA warning.
Institutions claimed by FX Oppen include Alchemy Markets Limited (alleged CySEC licensee) and Market Securities S.A. (alleged BaFin regulation). Investigations reveal no matching records in CySEC’s registry, and BaFin does not regulate Market Securities S.A. The claims are unverified and contradict official data.
Pros and cons
Cons
- Operates without any verifiable license or regulation.
- Officially identified as a clone firm by the UK's FCA.
- No investor protections available, including FSCS or Ombudsman recourse.
- False claims of regulation by CySEC and BaFin unsupported by official registry evidence.
