OP-Trust: real client reviews, what is known about the broker?
Verification of OP-Trust Broker for Reliability
OP-Trust claims to be a “CFD broker chosen by thousands of successful traders.” However, according to user opinions, the situation is not as rosy because scammers are hiding behind the broker’s facade. In this review, we will try to find out the truth about this company.
Main Information about OP-Trust Broker
At first glance, the broker gives the impression of a positive company. With over 500,000 active clients, significant capital turnover, and 4 years of experience, it attracts attention. However, these claims turn out to be unsubstantiated.
After checking through the Whois service, it became known that the company has only been in existence for about a month. Sellers changed the ownership of the op-trust.com domain (which belonged to another company) in May 2021, and a small number of reviews on the internet confirm this.
The address of the OP-Trust company, as stated on the website, is Livio-Betschart-Gasse 957 2648 Chêne-Bougeries. However, a search on Google Maps does not confirm its existence. The search only returns the address of the Jean-Piaget School (partial match by the city name Chene-Bougeries and code 2648).
There is no information about the management, registration documents, and registration number on the website itself. Checking in the registry of Swiss companies also did not confirm the existence of OP-Trust.
OP-Trust Broker Documentation
About the OP-Trust company, it is stated that its activities are licensed by several regulators:
- Cyprus Securities and Exchange Commission,
- The Financial Services Commission,
- The Financial Services Commission of Mauritius.
Checking on the official websites of the mentioned organizations showed a lack of connection with CySEC. The same situation applies to IFSC. The company OP-Trust is also not listed on the FSC Mauritius website.
Checking in the Central Bank of Russia database confirmed the absence of the OP-Trust company. The website displays logos of other regulators with brief information about them, which can mislead users.
Review of Fraudulent Trading Conditions of the Company
Trader reviews indicate that they find the trading conditions offered by OP-Trust attractive. However, in reality, these conditions are part of a fraudulent scheme. Among the company’s offers:
- Instant order execution – 0.15 sec.,
- Trading in over 150 financial instruments (currencies, metals, stocks, commodities, indices, cryptocurrencies, etc.),
- Minimum spreads when making transactions,
- Deposit insurance,
- Several types of accounts (“Basic”, “Advanced”, “Professional”),
- 1:500 leverage.
Trader Reviews about OP-Trust Company
Most of the reviews about this company are negative. Users claim that OP-Trust is a fraudulent organization that scams traders and blocks their accounts.
Deception Scheme by Fraudulent Company
Scammers lure clients not only with promises on the website but also with calls from managers who promise benefits. A minimum deposit of $10,000 is required, leading to maximum damage. They mislead clients by controlling numbers and provoking increased investments.
Reviews also contain stories about leverage, debts, and unjustified money withdrawals from accounts. The company OP-Trust holds traders responsible for losses, account blocking, and other issues.
Summary of Review
OP-Trust cannot be trusted! It is a fictitious company that has provided fake data and offers dishonest conditions. Collaborating with them will lead to investment losses, as confirmed by customer reviews!