Opt Coin has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Market...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Opt Coin said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Regular updates|Good analytical tools|Low minimum deposit|Social trading features
Cons: Live chat only during business hours
I experienced a security concern with my Opt Coin account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Comprehensive tools|Great customer service|Helpful community forum
Cons: Could offer more webinars
Opt Coin advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Regular updates|Multi-currency support
Cons: Live chat only during business hours|Limited ETF selection
I had a dispute with Opt Coin and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Educational resources|Great customer service|Copy trading available
Cons: None so far|Wish they had more educational resources
I want to warn everyone about Opt Coin. They have been flagged by Financial Markets Authority as an unauthorized entity. I wish I had checked before investing. They use high-pressure sales tactics and fake testimonials. Once you send money, getting it back is nearly impossible.
Pros: Professional looking website
Cons: Blocked my account|No legitimate license|Fake returns
I am in a dispute with Opt Coin over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Demo account available|Fast execution|Clean UI|Instant funding
Cons: Wish they had more educational resources
I looked into Opt Coin and found they appear in the regulatory warnings database. Financial Markets Authority has issued a notice about this firm. Whether this is a misunderstanding or a serious concern, the fact remains that proper due diligence is essential. Always verify the regulatory status of any company before investing your hard-earned money.
Pros: Information is publicly available for verification
Cons: Appears in regulatory warnings database|Uncertain regulatory status
Opt Coin 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: Multi-currency support|Competitive fees
Cons: Currency conversion fee exists
Customer support at Opt Coin seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: Professional team|Good analytical tools
Cons: Some tools only available on higher tiers
I was about to invest with Opt Coin but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Financial Markets Authority has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Flagged by Financial Markets Authority|Cannot verify credentials