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.
I opened an account with Opt Coin for about eight months 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: High security standards|Market news feed|Detailed reporting|No hidden fees
Cons: Mobile app could be improved|No fractional shares
The platform itself is okay, but the customer service at Opt Coin 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: Regular updates|Fast deposits|Excellent charting
Cons: Limited cryptocurrency options|Withdrawal takes 1-2 business days
The spread at Opt Coin is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them through a podcast recommendation and initially thought the platform was good - until I started trading seriously.
Pros: Excellent charting|Good mobile app
Cons: No live chat on mobile|Onboarding videos are outdated
After for just over a year with Opt Coin 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: Helpful community forum|Great customer service|Intuitive for beginners
Cons: No crypto staking
The platform at Opt Coin is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for the past year and a half of dealing with this, I have had enough.
Pros: Real-time alerts|No hidden fees
Cons: No fractional shares