60op

Basic Information & Regulation of 60op

60op is owned and operated by two companies, one of which is located in the Marshall Islands and the other in Bulgaria. The Bulgarian legit entity is simply a “marketing company” serving offshore brokers. 60op is not currently subject to any effective regulation.

Safety Analysis of 60op

60op is currently an unregulated broker, which means that the safety of clients' funds and trading activities on the 60op platform are not protected in any way compared to those brokers that are strictly regulated, such as the FCA in the UK and CySEC in Cyprus.

Market Instruments of 60op

60op offers investors a range of CFD products, including stock indices and commodities, futures, and some specific stocks, as well as cryptocurrencies (traded in a very unusual mode).

Leverage & Accounts

60op offers only one standard account for investors, but the minimum deposit and maximum trading leverage of the account are fully disclosed.

Spreads & Commissions

The average spread on a standard account is 1.9 pips on EURUSD, which is much higher than the average spreads offered by other regular traders.

Trading Platform Available of 60op

60op offers traders a browser-based online trading platform - Greating Charting - a trading platform with a charting package that allows traders to use all analytical tools and indicators and is a software solution used by many brokers & cryptocurrency exchanges.

Deposit and withdrawal of 60op

60op supports traders to deposit and withdraw funds to and from their accounts via several popular payment methods such as wire transfer, credit card, Skrill, and NETELLER.

Pros & Cons of 60op

The main advantages of 60op are:

1. Various popular payment methods

2. Wide range of CFD products

The main disadvantages of 60op are:

1. No regulation

2. Spreads not competitive

3. Key information missing (minimum deposit, maximum leverage, etc.)

4. Unusual cryptocurrency trading mode

5. No demo accounts offered