Cryptocurrency Exchanges

Open Signal ltd

1.6 (10 reviews)
🇳🇿 New Zealand
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1.6
10 reviews
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About Open Signal ltd

Open Signal ltd has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.

Customer Reviews

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Withdrawal blocked indefinitely

G
Graham A.
1 months ago

Open Signal ltd has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.

Pros: Automated trading options|Dedicated account manager|Transparent fees

Cons: Could offer more webinars|Website design could be more modern

Cannot withdraw funds - classic scam

M
Maria K.
4 months ago

I invested $500 with Open Signal 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 Financial Markets Authority.

Cons: No regulatory oversight|Money disappeared|Fake testimonials

Limited to their own products

J
Jessica H.
4 months ago

After spending for just over a year trying to make Open Signal ltd work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.

Pros: Two-factor authentication|Multi-device support

Cons: No integrated tax optimization|Spreads widen during volatile periods

A joke of a company

N
Nathan T.
4 months ago

Where do I even begin with Open Signal ltd? since I opened my account last 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: Easy to use platform|Good analytical tools|Helpful community forum

Cons: Limited demo account features

Amateur hour at Open Signal ltd

G
Grace B.
5 months ago

I have been trying to close my account with Open Signal ltd for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.

Pros: Market news feed|Transparent fees|Multi-currency support

Cons: Account statements could be more detailed|No integrated tax optimization

Deceptive practices at Open Signal ltd

H
Heather G.
5 months ago

I joined Open Signal ltd after a friend recommended them and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.

Pros: No hidden fees|Social trading features|Fast execution|Fast support response

Cons: Website design could be more modern

Indicators are limited and buggy

A
Andrea J.
7 months ago

My withdrawal from Open Signal ltd was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for about eight months of being strung along.

Pros: Social trading features|Economic calendar

Cons: Onboarding videos are outdated

Zero accountability

N
Noah S.
7 months ago

I opened an account with Open Signal ltd since the beginning of the 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: Fast support response|Helpful community forum|Clean UI

Cons: Account statements could be more detailed|Withdrawal takes 1-2 business days

Buyer beware - seriously

C
Carl I.
11 months ago

After for just over a year with Open Signal 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: Demo account available|Portfolio tracking tools|Two-factor authentication

Cons: No integrated tax optimization|Limited cryptocurrency options

Checked with regulators - they're not licensed

P
Paul V.
12 months ago

Several red flags with Open Signal ltd: (1) They promise unrealistically high returns, (2) They're not registered with Financial Markets Authority, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.

Cons: Listed in warning databases|No transparency|Pressure to invest quickly