Global Broker Regulation Inquiry App
WikiFX
Serious74 
1-2 years
Does OTKRITIE have any cons?
Broker Issues
Regulation
07-13
United States
WikiFX
Reply
While OTKRITIE has some notable strengths, it also has certain drawbacks. One significant downside is the lack of live chat support, which can make real-time assistance difficult for traders who encounter issues while using the platform. Additionally, while it is regulated by CySEC, some traders might prefer brokers regulated by stricter authorities like the UK’s FCA or the US SEC. Moreover, despite the comprehensive services offered, the availability of just two trading platforms, Open Key and QUIK, might not suit traders looking for a more diverse set of platform options like MetaTrader 4 or MetaTrader 5.
Similar Questions
How does the regulation affect my safety as a trader?
edgeisedge
08-15
What major risks or drawbacks should I consider before using Cloudfutures?
WoodCrusher
08-14
Is 4T regulated?
schlaepfi
08-12
What are the primary advantages and disadvantages of trading through CITIC SECURITIES?
Five8
08-13
Is NSBroker a regulated broker?
zack18
08-03