Reported as a scam / unregulated
Why Open Gate Trading is on the register
Open Gate Trading claims to operate under the supervision and regulation of the International Financial Conduct Authority (IFCA). However, please note that this organization does not regulate forex trading. Holding this license could not equal to be authorised to conduct brokerage activities. It also claims that it was registered in United Kingdom. We searched the official register of the FCA using all available details, but found no record of Open Gate Trading or any associated company. This absence of basic corporate and regulatory information strongly suggests that Open Gate Trading operates without authorization. Therefore, Open Gate Trading appears to be a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.