FINANCIAL OPEN ADVISORS has been flagged by Comisión Nacional del Mercado de Valores for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
FINANCIAL OPEN ADVISORS had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Copy trading available|Tax reports included|API access
Cons: Email notifications too frequent|Wish they had more educational resources
I was contacted by FINANCIAL OPEN ADVISORS through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.
Cons: Blocked my account|No legitimate license|Fake returns
FINANCIAL OPEN ADVISORS locked my account without warning and demanded documents I had already submitted. since mid-2025 later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Clean UI|Clear documentation|Instant funding|Regular platform improvements
Cons: Limited social trading features
FINANCIAL OPEN ADVISORS changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Great customer service|Professional team
Cons: Alert system is basic|Limited ETF selection
KYC with FINANCIAL OPEN ADVISORS is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Regular platform improvements|Stable platform
Cons: Help articles are sometimes vague
The platform itself is okay, but the customer service at FINANCIAL OPEN ADVISORS is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Good analytical tools|Clear documentation|API access|Smooth onboarding
Cons: Some tools only available on higher tiers
I was about to invest with FINANCIAL OPEN ADVISORS but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Comisión Nacional del Mercado de Valores has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Pros: Website looks legitimate on the surface
Cons: Flagged by Comisión Nacional del Mercado de Valores|Cannot verify credentials
This company appears on the IOSCO I-SCAN international warnings list. Over 68 financial regulators worldwide contribute to this database. While being listed doesn't automatically mean fraud, it's a significant red flag that potential investors should take seriously. Do your research thoroughly.
Cons: Appears in regulatory warnings database|Uncertain regulatory status
After for the past year and a half with FINANCIAL OPEN ADVISORS I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: API access|Fast deposits|Easy to use platform
Cons: No dark mode on mobile
I wanted to transfer my portfolio from another broker to FINANCIAL OPEN ADVISORS. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Fast deposits|Detailed reporting|Good analytical tools
Cons: Inactivity fee applies after 12 months|Cannot customize dashboard fully