OpenExTrade.com: Scammer with two identical sites and fake data
We noticed OpenExTrade when we were investigating another broker. Analysing the situation with scammer Maxprofitrade, we found out that the phone number they listed was linked to another site: openextrade.com. At first, we thought that the scammers decided to indicate the number of an honest broker so that all users outraged by their deception would contact it. But a more detailed investigation showed that this is the same scammer who created 2 identical sites. Now we will tell you how we came to this conclusion.
- Broker name: OpenExTrade, Open ex trade, Open extrade, Openex trade
- Address: No details
- Website: https://www.openextrade.com/
- Regulation: Not regulated by any legitimate company
- Customer support: support@openextrade.com
- Language: English
- Phone number: 15109034580
First red flag: Same mistakes
The website designs of openextrade.com and maxprofitrade.com are absolutely identical. Even the same pages of the sites don’t work (“Terms of trade”, “Trading conditions” etc.). And on the main page OpenExTrade has the same unrealistic numbers as Maxprofitrade. This is despite the fact that, according to who.is, its creation date is even later! Of course, they can’t be real.
Second red flag: Fake positive review
And again, OpenExTrade, like Maxprofitrade, posts fake reviews. And they were even too lazy to write other reviews because the texts and names are the same! How is this possible if the names of the sites are different? It’s very simple: it is not indicated in any review. Everywhere it says “the broker” or “this trading platform” so that the reviews fit anywhere. This is just the most obvious sign of a scammer.
Third red flag: Website pages
The pages of a website are its face. This is what the owners want to convey to us, the most valuable information they are willing to share to attract our attention and gain trust. What does OpenExTrade offer us? Of course, more proof that it is a scam.
Fake info about the date of creation
Positive reviews are not all the fake information that can be found on the main page of openextrade.com. For example, in different places they write that they have been working for 10 years, 5 years and since 2015. We know that the site has only existed since September 2024. The scammers couldn’t decide which date sounds more trustworthy?
Strange and meaningless statements
What could be stranger on a broker’s website than an explanation of what “software development” is? It seems like they were just trying to fill the pages with random information that sounds good, hoping that no one would read it. But we read it and made conclusions about this scammer: all this doesn’t work, but only creates an appearance. However, OpenExTrade could not even properly create the appearance of real trading. This once again confirms that there can be no talk of any earnings with the help of a broker.
Fourth red flag: No licenses or controls
After such strong evidence of OpenExTrade fraudulent intentions, it is obvious that this broker does not have any license. No one controls its activities, and it will be very difficult for deceived users to get their money back from the scammer, if at all possible.
We strongly recommend investors work only with those brokers who are licensed, cooperate with authorities and thus show that they are trustworthy.
Fifth red flag: No address or any other real information
We couldn’t find the address or any other reliable information through which clients could contact them on all of the pages. You may have a very logical question; how do they cheat clients out of money? It’s very simple, unfortunately. An interested user registers on the site, leaves his/her personal information and then professional scammers contact him/her themselves. OpenExTrade scammer team know how to lure clients who are looking for an opportunity to earn money under the sauce of “profitable investments”.
Honest brokers are always open to user feedback, and if OpenExTrade didn’t leave contact information, it means that the scammers knew that only clients they deceived will contact them.
Final conclusion on the OpenExTrade.com scam
Of course, OpenExTrade is a scammer. Two identical (and partially non-working) websites filled with fake and meaningless information, a bunch of unrealistic positive reviews, no license and no real contact details: all these are obvious signs of fraudulent intent.
We don’t recommend investing with this broker and ask those who have already had experience with it to share their feedback in the comments.
Why did I have to fall for this scammer? It was so obvious!
I was scammed by this broker and the only thing that calms me down is that I did not invest a lot of money.