Trades Open Markets

Trades Open Markets operates under the domain fxaddress.com and is registered in Cyprus. The broker was established on 9 July 2020, making it a relatively recent entrant to the retail forex and CFD market.

The company lists a presence on Facebook and Twitter/X, though its overall public footprint remains limited. Brokers with a short operational history and minimal online visibility often warrant additional scrutiny from traders.

Trades Open Markets is regulated by the Cyprus Securities and Exchange Commission (CySEC) under a Derivatives Trading License classified as a Market Maker (MM). However, the current status of this license is listed as '—' in our records, indicating uncertainty over whether it is active, suspended, or revoked.

CySEC is a well-known European regulator, but an unclear license status raises serious concerns. Traders are advised to verify the license directly on the CySEC register before committing funds.

FXCanary has assigned Trades Open Markets a Scam Risk Score of 85 out of 100, classified as 'Severe'. This high score reflects the combination of a new and opaque operational history, an uncertain regulatory status, and a lack of independent user reviews or verifiable performance data.

While the broker does claim CySEC regulation, the absence of confirmation and the general dearth of public information make it a high-risk choice for traders. We strongly recommend extreme caution or avoiding this broker altogether until more concrete evidence of its reliability emerges.