Open Access Finance (No relation to the United Kingdom registered firm Open Access Finance Ltd.) has been flagged by British Columbia Securities Commission 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.
I opened an account with Open Access Finance (No relation to the United Kingdom registered firm Open Access Finance Ltd.) since I retired last year ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: Responsive team|Dedicated account manager|Excellent charting
Cons: Wait times can be long during peak hours|No phone support on weekends
After since I retired last year with Open Access Finance (No relation to the United Kingdom registered firm Open Access Finance Ltd.) 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: Multiple order types|Clear documentation
Cons: Inactivity fee applies after 12 months
Do not be fooled by the professional-looking website. Behind the scenes, Open Access Finance (No relation to the United Kingdom registered firm Open Access Finance Ltd.) is disorganized and incompetent. I found them after comparing multiple platforms and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Helpful community forum|Wide product range|Social trading features
Cons: Currency conversion fee exists|Search feature is basic
Do not believe the bonus offer from Open Access Finance (No relation to the United Kingdom registered firm Open Access Finance Ltd.). The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited through a podcast recommendation and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Tax reports included|Multi-device support|Intuitive for beginners|Comprehensive tools
Cons: Charting tools need more indicators|Wish they had more educational resources
Where do I even begin with Open Access Finance (No relation to the United Kingdom registered firm Open Access Finance Ltd.)? for over a year of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Personal attention|Great customer service|Smooth onboarding|Detailed reporting
Cons: Could offer more webinars|Currency conversion fee exists
The only good thing about Open Access Finance (No relation to the United Kingdom registered firm Open Access Finance Ltd.) is that they remind you why regulation matters. I found them from a blog post comparing services. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Economic calendar|Market news feed|Low minimum deposit|Good analytical tools
Cons: Limited demo account features|Nothing significant
The mobile app from Open Access Finance (No relation to the United Kingdom registered firm Open Access Finance Ltd.) is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Tax reports included|Multi-currency support|Great customer service|Full transparency
Cons: Wait times can be long during peak hours
KYC with Open Access Finance (No relation to the United Kingdom registered firm Open Access Finance Ltd.) 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: Low minimum deposit|Clean UI|Comprehensive tools
Cons: No fractional shares|Slow to add new assets
I invested $25,000 with Open Access Finance (No relation to the United Kingdom registered firm Open Access Finance Ltd.) after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to British Columbia Securities Commission.
Pros: Initially responsive customer service
Cons: No regulatory oversight|Money disappeared|Fake testimonials
After seeing ads for Open Access Finance (No relation to the United Kingdom registered firm Open Access Finance Ltd.) online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by British Columbia Securities Commission. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Cons: Unauthorized firm|Found in IOSCO warnings database