Beware! Opson International Technology Services is an offshore broker! Your investment may be at risk.
RECOMMENDED FOREX BROKERS
Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.
Opson International Technology Services is supposedly aims “to provide only the best trading experience, guaranteeing a seamless and high speed execution and powerful performance”. However, there is no doubt that this is a scam broker – there website is unfinished and although you will be able to find all the empty boasting you would expect from this type of scammers on it, there is absolutely no essential information about trading conditions, not to mention no Customer agreement or legal documents. The broker does not even provide a registration form so it is impossible to open an account with them at the moment. However, if that is a possibility at some point in the future, you should definitely not consider investing with Opson International Technology Services – it is easy to ignore such a website when it still does not contain countless promises of enormous leverage, tight spreads, zero commissions and additional fees, attractive promotions, and absurdly high returns. The situations becomes much different when such scammers have something to tempt you with. But don’t be gullible and avoid this broker at all costs – if trading with them is ever possible, the only one that will be turning a profit as a result of such an endeavor is the people behind the broker.
Opson International Technology Services REGULATION AND SAFETY OF FUNDS
Opson International Technology Services not only provide any legal documentation and information about licenses, it does not even presents clients with something as simple as contact information. You can get in touch with the broker via a contact form you can fill out with you inquiry – but there is no address, phone number, or even an email. Opson International Technology Services is supposedly incorporated in Hong Kong – a regulatory hub with decently strict regulations in the sphere of forex trading. However, the difference between incorporated and licensed is a big one – being registered as a company alone is far from enough for a broker to be reliable. A license comes with many requirements and responsibilities, and subsequently provides a certain level of safety and security to clients. This broker does not mention being licensed anywhere, and does not provide proof that it is.
An additional problem is that we suspect that Opson International Technology Services is related to a network of scam brokers – this broker’s logo is identical with the one of Sich Capital. Sich Capital on the other hand is related to a few other websites (like SandWindFX) and contains the exact same paragraphs of text that can also be found on those other websites. This should not surprise you – it is a common scammer tactic. Scam brokers are quick to change names and domains once someone starts discovering that there is something shady going on. This way, they can also attract more unsuspecting clients. However, there are always some tell-tale sign that could lead you from one scammer to the next – an identical logo, matching information, same trading terminal, sometimes even names that are almost an anagram.
What you are probably wondering right now is how to avoid such fraudulent schemes. There is only one way really – turn to a reliable broker licensed in a strict jurisdictions such as the UK (by the FCA), the EU (Cyprus has established itself as a main regulatory hub but local regulators like the Spanish CMNV and the German BaFIN are also very reliable), or Australia (by ASIC). Such brokers maintain a high standard of service and follow many safety procedures because they are obligated to. For example, regulated companies have to maintain a minimal operational capital of varying size to prove their financial stability – €730 000 in the EU and the UK, and A$1 million in Australia. Keep in mind that brokers with more clients sometimes are asked to maintain a much higher minimum capital. Client money are always kept in segregated accounts the broker has limited access to – so your broker will surely not be using your money for their own financial operations. Negative balance protection is also provided – so your losses can never exceed the amount of money you have in your account. All licensed broker have to report to authorities on regular basis and allow external audits – this makes matters much more transparent.
Whatever your preferences, level of experience, and trading style, working with a legitimate regulated company is absolutely mandatory. This is the only way to be sure that the broker is treating you fairly – while some scammers are blatant thieves, others will be robbing you in a more sophisticated manner. To avoid such complication, choose someone with a license.
Opson International Technology Services TRADING SOFTWARE
Opson International Technology Services did not mention what trading software it provides access to – the “Platform” section of the website only contain a few brief definitions of different trading terms such as CFD and margin call. And a broker is nothing without a functioning platform – you would simply have no reason to open an account with them if they don’t offer the actual possibility of trading.
Better look up brokers who offer the two leading platforms in the industry – MetaTrader 4 and MetaTrader 5. Both platforms have shaped generations of traders and offer both user-friendly interface, and huge functionality. MT4 and MT5 have a lot of features worth checking out – Expert Advisors that trade automatically, VPSs you could purchase to keep trading bots operating even when your computer is off, customizable signals, the opportunity to subscribe to signals set by top traders, possibilities for developing your own trading bots and indicators. Don’t just take out word for it and see what the platform has to offer in a demo or real account with an established broker.
Opson International Technology Services TRADING CONDITIONS
Opson International Technology Services only mentioned that it allows its clients to trade currencies, indices, commodities and CFDs. That, however, would be hard without a functioning trading platform. The broker has not specified anything about account types, minimum deposit amounts, spreads, leverage, or commissions – and all of this is vital information. We are fairy certain that this broker does not present clients with the possibility of leveraged trading at all and has nothing to offer you. And as trading with a great, established broker is actually pretty affordable – many licensed brokers would ask for less than $100 to open an account – working with such scammers would be a waste of time and money.
Opson International Technology Services DEPOSIT/WITHDRAWAL METHODS AND FEES
We did not manage to learn anything about the payment methods offered by Opson International Technology Services from the website. Depositing with the broker is not currently possible but we hope we have explained well enough by now why investing with such a company would be an awful idea.
HOW DOES THE SCAM WORK?
Such scams are really not that complicated but they are becoming more and more popular which is why it is important to know how they work so you can protect yourself from them.
First, you will see an ad on the Internet promising you huge, fast profits. So you bite and decide to check out the scammer’s website – after all, who would not want to get rich fast? The game starts once you have provided the “broker” with your email or phone number – you will start getting calls and emails asking you to deposit. Keep in mind that those are seasoned scammers who smooth-talk for a living – so soon enough you will probably find yourself trading on a live account with them. However, you will be asked for bigger and bigger deposits – and will probably be turning a decent profit since scammers often manipulate platforms. However, when you try to withdraw your money problems will start appearing – additional taxes, unfulfilled clauses in the Client agreement, etc. At some point, the scammers would not be able to keep up the game and you will figure out something is wrong – and that is when your dear broker will stop answering your calls.
WHAT TO DO WHEN SCAMMED?
The first thing you should do is change all banking passwords you have provided the scammers with and remove all software you have installed – especially if you have granted the broker remote access to your computer. Make sure to ask for assistance to make sure to malicious software is still on your device – after all, you would not want to get additionally robbed.
If you have deposited with Visa or MasterCard, you can ask your card provider for assistance in getting chargeback – such are possible within 540 days of transaction. The chances of getting your money back if you have deposited in any other way are much slimmer.
Make sure to notify authorities and share your story with as many people as possible – this way, less people will fall into the same trap. Finally, don’t trust any recovery agents offering to retrieve your money for a certain fee – this is just another type of scam targeting desperate victims.