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The lack of regulation is a major safety concern for anyone thinking about using OpenMarkets. While the firm offers a variety of services, including risk management and managed accounts, the absence of an active regulatory license exposes traders to significant risks. From a personal standpoint, I would not feel comfortable trading with an unregulated broker, as there is no guarantee of protection for my funds. Additionally, the lack of a demo account limits my ability to practice on the openmarkets platform before making real trades. I highly recommend checking out an openmarkets review to understand the full implications of trading with this firm.