Rating Index
Pros
Low minimum deposit requirement of $50, making it accessible for new traders.
Offers a variety of trading instruments, including forex, commodities, stocks, and cryptocurrencies.
Provides the popular MetaTrader 5 trading platform, which is favored by many traders for its advanced features.
Cons
Unregulated status raises significant concerns about the safety of funds and the legitimacy of the broker.
Limited customer support options, primarily in Chinese, which may not cater to a diverse clientele.
Withdrawal requests may be problematic, with reports of difficulties in accessing funds after trading.
OPAL broker Accounts
OPAL Account Type
OPAL offers three types of accounts tailored to different trading preferences and experience levels:
- Basic Account
- Minimum Deposit: $500
- Leverage: Up to 1:100
- Spreads: Standard spreads starting from 1.5 pips
- Instruments: Access to a wide range of currency pairs, commodities, precious metals, and cryptocurrencies
- Commission: No additional commissions
- Educational Resources: Basic resources available
- Pro Account
- Minimum Deposit: $5,000
- Leverage: Up to 1:300
- Spreads: Tighter spreads starting from 1.0 pip
- Instruments: Similar to the Basic Account with advanced trading tools
- Commission: Nominal commission fee may apply for high-volume traders
- Customer Support: Dedicated account manager
- VIP Account
- Minimum Deposit: $50,000
- Leverage: Customizable, subject to approval
- Spreads: Ultra-tight spreads starting from 0.5 pips
- Instruments: Comprehensive access to all market instruments
- Commission: Fee rebates or discounts on commissions
- Exclusive Benefits: Personalized trading strategies and 24/7 VIP hotline
- Visit the OPAL Website: Go to OPAL's official website.
- Select Account Type: Choose the account type that suits your trading needs (Basic, Pro, or VIP).
- Fill Out Registration Form: Provide the required personal information, including your name, email address, and phone number.
- Submit Verification Documents: Upload necessary identification documents to verify your identity.
- Make Initial Deposit: Fund your account with the minimum deposit required for your chosen account type.
- Start Trading: Once your account is verified and funded, you can begin trading on the OPAL platform.
OPAL Broker Account Opening Process
To open an account with OPAL, follow these steps:
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