Opportunity Trade Review (2023)
Is Opportunity Trade a scam or legit broker?
Opportunity Trade is not a secure Forex broker since it does not hold a license from any worldwide serious Forex authority. Meaning the broker is suspected of being a fraud company since it was not checked for its compliance before establishment, never monitored in terms of its safety and simply may operate the business in any way it wishes.
About Opportunity Trade
| 🗺️ Registered in | No Registration |
| 🗺️ Type of License | No License |
| 🛡️ Is Opportunity Trade safe to trade | No |
| 🗺️ Recommended Licenses | FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 |
| 🖥 Alternative Broker | FP Markets - licensed by ASIC in Australia |
Opportunity Trade is a Forex that offers STP type of trading. The company is owned and operated by the Boton Development Ltd.
They claim to be located in Hong Kong, but after checking the information on the Hong Kong regulator SFC (Securities and Futures Commission) it turned out that the broker is marked and an “unlicensed entity” and is not located at the provided address.
In addition, the terms and conditions on the website state that the company is under the UK’s jurisdiction, although the company is not registered in the United Kingdom.
It is obvious that Opportunity Trade is one of those brokers who use fake credentials to get the client’s trust. We highly recommend avoiding unlicensed brokers as most of them are frauds.
Conclusion
It is safer to invest with brokers supervised by proper regulators, such as UK’s Financial Conduct Authority (FCA).
All clients of FCA-regulated brokers are protected by the Financial Services Compensation Scheme up to GBP 50,000 per person, in case the company goes bankrupt. Check the list of the FCA-regulated brokers here.