They have the same Cyprus address.
Issues with FXOpen 289 replies
FXOpen and the CFTC 11 replies
FXOpen and Basel Financial banned by the Mauritius 101 replies
fxcompany.net broker with 0.8 spread 13 replies
Fxopen Are Scammer .................... ............... .. 5 replies
DislikedFX brokers (as well as all companies in general) typically have several websites. As long as the names are fairly similar, everything should be okay. Just keep an eye out for the names being radically different.Ignored
DislikedI don't see what you mean. I have gone to both of their websites and it looks like FXcompany is a web designing firm while FXopen is a foreign exchange brokerage.
If the companies are behaving suspiciously, however, might I recommend that you go with a brokerage which is better suited to all traders needs? By that I mean, why don't you choose a brokerage with a large and well-known name?Ignored
DislikedIt looks to me like they are located in a big building and they both "share" the same address with dozens of other businesses.Ignored
DislikedDear All,
As far as I know if both companies have a Cyprus address then must be regulated by the local authorities.
You can all check the list of regulated firms in Cyprus from
http://www.cysec.gov.cy/licence_members_1_en.aspxIgnored
DislikedFXOpen doesn't mention anything about CySec on their site. CySec is Claytons regulation anyway. The regulator you have when you don't want any actual regulation
They list the Cyprus address as "Legal support office" on the website so it is like TakisD says.
As for FXCompany, I am convinced it is just another one of those Russian bucketshops from (or closely related to) the same people who brought us such lovely scams like instaforex and liteforex.Ignored
Dislikedfxcompany is a scam broker dont gamble ur money with them...they are owing me up till now, they dont pick calls, emails or u dont get them on customer service..
scam broker.Ignored