Reason to avoid: No license
Listed Date: November 12, 2018
Top 3 Regulated Forex Brokers
Beware OPCompany is a Non-Regulated broker. It is NOT SAFE to trade.
- Company name: OPC Services
- Registration/license: None
- Registration/license requirement: –
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 nor 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) has 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 standardised units of “managed accounts” through the www.opcompany.net website.”
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) or 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.