Frequently asked questions

How to get started with Open Wealth Financial?

Sign Up, Select an investment plan that suits your investor type, fund your portfolio and trading kicks off

How long does it take to fund account?

Open Wealth Financial offers multiple deposit methods and their processing times differ. Before you go ahead and fund your account, please make sure that your account is fully activate. Cryptocurrency payments are credited instantly*. If there is any delay, please contact customer support.

What is the minimum amount I need to deposit in order to open an account?

The minimum deposit amount for any investment on Open Wealth Financial is $10,000 or its equivalent in any currency.

Where can i view all my trade history?

Duplicates of trade made on your account are reported/provided to your web account/contact email.

How do i make withdrawals/upgrade?

After period of trading an accrued interest on your account, you have the choice of withdrawing all your funds including profits made or keep the funds and withdraw the profits. If our profits become enough to a plan you wish to upgrade, notify us with an email so you can decide on when to upgrade.

How long does it take to send my profits?

On completion of the withdrawal process, your money will be sent to you with 48 hours with the method you choose, Open Wealth Financial provides an efficient and guaranteed withdrawals. If withdrawals will take time, clients are informed prior to time.

How much leverage does Open Wealth Financial offer?

The amount of leverage Open Wealth Financial offers varies from product to product. Leverage is determined by the Initial Margin and Maintenance Margin levels. These levels specify the minimum equity you must hold in your account to enter and maintain positions. Leverage is not a fixed multiplier but rather a minimum equity requirement. You can see the minimum Initial Margin and Maintenance Margin levels for all products here. The highest leverage Open Wealth Financial offers is up to 100x leverage on its Daily Bitcoin / JPY Futures Contract and the Perpetual Bitcoin / USD Perpetual Contract.

What is initial margin?

Initial Margin is the minimum amount of Bitcoin you must deposit to open a position.

What is maintenance margin?

Maintenance Margin is the minimum amount of Bitcoin you must hold to keep a position open. If your margin balance on Open Wealth Financial drops below this level your position will be taken over by the Liquidation Engine and be Liquidated.

Why did i get liquidated?

When the Mark Price of a contract falls below your liquidation price for longs, or rises above your liquidation price for shorts, your Maintenance Margin level has been breached and the Liquidation Engine takes over your position. In your Trade History, the price the liquidated position was closed at is the Bankruptcy Price (equivalent to where your Maintenance Margin is equal to 0).

How does the liquidation engine work?

Upon liquidation, the Liquidation Engine attempts to close the position at the prevailing market price. If it is unable to do so then Auto-Deleveraging will occur.

Can i go bankrupt?

No. We have a sophisticated margin and liquidation process that is designed to prevent any trader’s margin balance on Open Wealth Financial from ever going below 0.

Do you socialise losses?

No. Open Wealth Financial employs an Auto-Deleveraging System that does not need to socialise losses.

Is there a fee to deposit bitcoin?

No, Open Wealth Financial does not charge fees on deposits.

Is there a fee to withdraw bitcoin?

No, Open Wealth Financial does not charge fees on withdrawals. When withdrawing Bitcoin, the minimum Bitcoin Network fee is set dynamically based on blockchain load and can be viewed on the Withdrawal Page.

Are there fees to trade?

Yes, Open Wealth Financial charges a trading fee of 20% on every completed trade. Profit sharing ratio of 80/20 percent to client and company respectively.

We offer Global commodity brokerage services, managed futures consultation, direct access trading, and trading system execution services to individuals, corporations and industry professionals.

Contact Us
  • 1 MAIDEN LANE, NEW YORK, 10038

  • +1 984 733-3354

  • info@openwealthfinancials.com

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