Trades Open Markets

Trades Open Markets is a Cyprus-registered broker that was established on April 11, 2020. Its official website is tradesopen.com. The broker is primarily known from regulatory records, but independent public information about its operations is extremely limited. This lack of widely available details makes it challenging for traders to independently verify the broker's offerings and practices.

Based on the available records, Trades Open Markets appears to target retail traders, particularly those interested in forex and CFD trading. However, without a functioning website or verified user feedback, the actual scope of services remains unclear. Prospective traders should approach with caution and seek direct confirmation from the broker.

Trades Open Markets is regulated by the Cyprus Securities and Exchange Commission (CySEC) under a Derivatives Trading License (Market Maker). However, the licence status (active, revoked, or pending) is not specified in public records. This ambiguity raises a red flag, as a clear regulatory status is a key safety indicator for traders.

In FXCanary's assessment, the broker's Scam Risk Score is 41 out of 100, classified as 'Guarded'. This score reflects the combination of a known regulator but with incomplete status information. Traders should consider this moderate risk when evaluating the broker and should perform their own due diligence.

Publicly available information does not detail the specific account types offered by Trades Open Markets. Common account types in the industry include standard, mini, and premium accounts, but it is unknown whether this broker offers such tiers.

Without verifiable data from the broker's website or independent reviews, traders cannot assess features like spreads, commissions, or minimum deposit requirements. This gap in information is a notable drawback for potential clients.

No information is available about the trading platforms provided by Trades Open Markets. Industry-standard platforms include MetaTrader 4, MetaTrader 5, and cTrader, but the broker's specific choices are not documented in the sources we consulted.

Traders relying solely on known facts cannot determine whether the broker offers desktop, web, or mobile trading solutions. This lack of transparency complicates the evaluation of the broker's technology and user experience.

The range of trading instruments offered by Trades Open Markets is not specified in available records. Typical instruments for a CySEC-licensed broker include forex pairs, indices, commodities, and cryptocurrencies, but no confirmation exists for this broker.

Without clear details, traders cannot plan their strategies or assess diversification opportunities. The absence of instrument information is a significant gap that a cautious trader should investigate before committing funds.

Information regarding deposit and withdrawal methods is not publicly available for Trades Open Markets. Common funding options include bank transfers, credit/debit cards, and e-wallets, but the broker's specific policies are unknown.

Similarly, any minimum deposit requirements, transaction fees, or processing times are not disclosed. This lack of transparency could lead to unexpected costs or delays for clients.

Based on its CySEC regulation and derivatives license, Trades Open Markets appears to target retail forex and CFD traders, particularly those in the European Union. CySEC regulation is often attractive to traders seeking a regulated environment.

However, due to limited public information, the broker may not be suitable for novices who require robust educational resources or for experienced traders who demand full transparency. The broker might appeal more to those willing to engage directly with the company to obtain missing details.