OPCompany Review

Is OPCompany Scam or Legit Broker?

It is not safe to trade with OPCompany. The broker states about its MFSA regulation, however, the broker seems to use fake information to conceal the fact of not being regulated. 

What is OPCompany?

OPCompany is a Forex broker that seems to be offering its financial services mostly to Italian customers as the first language supported on the website is Italian. The broker is owned and operated by OPC Services and claims to be regulated and located in Malta. There is even a license number and the text of the agreement with the Malta Financial Services Authority (MFSA) provided on the website.

• We took a look at the MFSA's register and didn't find the license number or broker's name mentioned there. It seems like OPCompany is just another broker that uses fake regulation/license from a reliable authority to get people's trust and make them invest. We highly recommend avoiding such entities, who try to delude investors as usually all the invested money is gone for good with the fraud broker.
  In addition, the Italian Companies and Exchange Commission (CONSOB) issued a warning against OPCompany on 29th of October:
  "The National Commission for Companies and the Stock Exchange, has also prohibited, pursuant to article 99, paragraph 1, letter d), of the Consolidated Law on Finance, the offer to the Italian public of standardized units of "managed accounts" through the www.opcompany.net website."

OPCompany Review Conclusion

We advise traders to avoid not licensed brokers and choose among the regulated ones. The most reliable regulators are the UK's FCA, the Australian Securities and Investments Commission (ASIC), and the Cyprus Securities and Exchange Commission (CySEC). These regulators require a certain amount of capital from the brokers to guarantee the compensation of funds and a certain level of safety of clients' money. Traders should sign in with reliable brokers such as FBS and BlackBull Markets.

OPCompany Update

Based on our findings, the OPCompany website is inactive. This means the broker has muted its trading offering and does not operate. Anyway, we recommend avoiding and staying alert in case of any proposals.