Opson is a forex broker that has been accused of being a scam. The company is not regulated by any major financial authority, and there have been numerous complaints from users who have lost money trading with them.
Company Overview
Opson claims to be a leading forex broker that offers a variety of trading products and services. However, the company’s website is vague and lacks important information, such as the names of its founders and executives. Opson also does not disclose its regulation status.
Team
The Opson website does not list any information about its team of executives or employees. This is a red flag, as legitimate forex brokers typically provide this information.
Services or Products
Opson offers a variety of trading products and services, including forex trading, CFD trading, and binary options trading. However, the company’s website does not provide any detailed information about these products or services.
License and Regulations
Opson is not regulated by any major financial authority. This is a major red flag, as regulated brokers are subject to strict rules and regulations that help to protect their clients.
We tried to get their license and regulation information from their website, but nothing was found. Then we tried to get some information from several online sources. From there we found lots of negative reviews and comments which will be shown in the client feedback section.
Why Dealing With An Unlicensed Broker Is Risky?
There are several reasons why it is risky to deal with an unlicensed broker. First, unlicensed brokers are not subject to the same rules and regulations as regulated brokers. This means that they may engage in fraudulent or unethical practices, such as front-running or slippage. Second, unlicensed brokers are not required to keep client funds in segregated accounts. This means that your money is not protected in the event that the broker goes bankrupt.
Legal Warning Against Opson
The Australian Securities and Investments Commission (ASIC) has issued a legal warning against Opson. The ASIC warning states that Opson is not a licensed financial services provider and that it is likely to be a scam.
You also can go through our other scammer lists such as the SEC Blacklisted Companies, FCA Unauthorised Firms List, ASIC Blacklisted Companies, & Bank Guarantee/SBLC Review.
Client Feedback
There are numerous complaints about Opson online. Many users have reported that they have lost money trading with the company. Some users have also complained about the company’s poor customer service.
Feedback About Their Trading
These are some of the feedback regarding their services. Users who have traded with Opson have reported that the company’s platform is buggy and unreliable. They have also complained about the company’s spreads and fees, which are high.
Feedback About Their Customer Service
Users who have contacted Opson’s customer service have reported that the representatives are unhelpful and unprofessional. They have also complained that the company is slow to respond to customer inquiries.
How Can “Reviews Advice” Help You If You Get Scammed?
If you have been scammed by Opson or another forex broker, Reviews Advice can help you get your money back. We have a team of experts who can help you find the proper way to recover your lost funds.
We will evaluate your case and will prepare a proper guideline for you. In our free consultation, you will get access to premium educational resources. Last, but not least, you will get some good recovery service recommendations to help you in recovering the fund.
Final Thought
Opson is a scam broker that should be avoided. If you are considering trading with Opson, we advise you to reconsider. There are many legitimate forex brokers out there that offer better services and protection for your money. You can also read our reviews and check the list of scam brokers.
