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Opofinance Forex Broker provides real users with 4 positive reviews, * neutral reviews and 6 exposure review!

Opofinance Broker Review

5.25

WikiFX monitor

Software Index

Full License

Risk Control

Risk Manage

Opofinance Review 10

Latest All(10) Positive(4) Exposure(6)
Exposure
Scam Broker

Hello, be careful with your capital in Opo Finance. This broker is a B-book and they make profits by call margin traders. No one is responsible for their problems. This company misleads traders with incorrect daily reports. They open trades themselves and withdraw money whenever they want. They can manually control and limit withdrawals. This is part of the problems that I experienced. They do not have a specific office and no user can complain. This is my ID number in Apo In this image, even though all my trades were hedges and according to the image, I had no negative swaps, my equity was deducted every day. I contacted the support, account manager, and support, but no one knew the reason, and in the end, the broker Call margin my acc

Rahman3741
02-17
Exposure
They Don't Give Withdrawal

I strongly advise against using this platform. Despite completing the required 25 lots on their $100 no-deposit bonus over three weeks ago, my withdrawal request remains unprocessed. Their customer support provides no clear answers, repeatedly stating that my account is under review without offering a timeline or resolution. This lack of transparency and accountability is deeply concerning and suggests the platform is not trustworthy. My experience has been frustrating, with unmet promises and poor communication. If you value your time and resources, I recommend avoiding this platform and seeking a more reliable and reputable service provider instead.

Dakshak
01-03
Exposure
SCAM ALERT 🚨

Do not waste your valuable time. This platform appears to be fraudulent. It has been over two weeks since I completed 25 lots on their $100 no-deposit bonus (NDB), yet they have failed to process my withdrawal request. Their customer support is unresponsive and unhelpful, repeatedly stating that my account is under review.

UnknownParticle
01-03
Positive
Boost Trading Success with Opo Social Trade: Learn & Profit with Pros

It has really stepped up my trading with the Opo Social Trade feature. Copying trades from experienced traders has given me insights and boosted my confidence. It's great to learn from the pros and even mirror their success directly in my account. If you're looking to leverage expert strategies, Opofinance is worth checking out!

1233294
2024-06-04
Exposure
Only loss, not allowed to make a profit

The first liquidation, they said it was a normal situation. The second profit, they said no, the single to be deleted. The same time period my friend and I traded together, he slipped a loss, it did not return, and did not say that it is a violation. The platform is unscrupulous.

james46643
2023-10-04
Exposure
Company installation please pay attention

The problem of withdrawing profits under the pretext of using a fraud company robot. ‏Please pay attention

MOHAMMED ‎Qali
2023-07-16
Exposure
I won a high amount I requested a withdrawal They ‎

I won a high amount I requested a withdrawal They don't accept my request and my account is closed

MOHAMMED ‎Qali
2023-07-08
Positive

Overall, based on the information available, Opofinance appears to be a reputable and reliable online trading platform that provides a range of tools and resources to help traders succeed. As such, I would give Opofinance a five-star rating.

Visal
2023-02-27

  

OpoFinance 2025 Review: Everything You Need to Know

  OpoFinance, established in 2021, has gained attention in the online trading community for its varied offerings and competitive conditions. However, the broker's regulatory status and user experiences present a mixed picture, raising concerns regarding its reliability and safety for traders.

  Note: It's crucial to highlight that OpoFinance operates under different regulatory frameworks, which may vary in their oversight and protections offered to traders. This review aims to provide a balanced perspective based on available information.

  

Rating Overview

Category Score (out of 10)
Account Conditions 6
Tools and Resources 5
Customer Service & Support 4
Trading Setup (Experience) 6
Trustworthiness 3
User Experience 5
Overall 4.5

  We evaluate brokers based on a variety of factors including user feedback, regulatory compliance, and available trading conditions.

  

Broker Overview

  OpoFinance is a relatively new forex and CFD broker based in Seychelles, operating under the Opo Group Ltd. The broker offers access to popular trading platforms, MetaTrader 4 and MetaTrader 5, and provides a diverse range of trading instruments, including forex, commodities, cryptocurrencies, and stocks. However, the regulatory framework under which OpoFinance operates has raised eyebrows, as it is primarily regulated by the Seychelles Financial Services Authority (FSA), which is often viewed as a less stringent regulatory body compared to top-tier authorities like the FCA or ASIC.

  

Detailed Breakdown

  

Regulatory Status

  OpoFinance is regulated by the Seychelles Financial Services Authority (FSA) and claims to be a member of the Financial Commission, which offers some level of insurance for traders. However, many reviews indicate that the FSA does not provide robust oversight, leading to concerns about the safety of funds. According to ScamWatcher, the lack of stringent regulation is a significant red flag for potential investors.

  

Deposit/Withdrawal Methods

  OpoFinance provides various deposit and withdrawal methods, including traditional banking options and cryptocurrencies. Accepted payment methods include credit/debit cards, bank wire transfers, Perfect Money, and several cryptocurrencies. The minimum deposit to open an account is $100, which is relatively affordable compared to many brokers. However, concerns have been raised regarding withdrawal processes, with some users reporting difficulties in accessing their funds (Fundevity).

  

Minimum Deposit

  The minimum deposit required to open an account with OpoFinance is $100 for standard and ECN accounts. This competitive entry point may attract beginner traders, but it is essential to consider the overall trustworthiness of the broker before making any financial commitments.

  

Bonuses/Promotions

  There are currently no notable bonuses or promotions advertised by OpoFinance. This may be a disadvantage compared to other brokers that offer incentives for new traders.

  

Tradable Asset Categories

  OpoFinance offers a wide variety of tradable assets, including over 30 forex pairs, commodities such as gold and silver, indices, and more than 65 cryptocurrencies. This diverse asset range allows traders to create varied portfolios, but the specific trading conditions for each asset can differ significantly.

  

Costs (Spreads, Fees, Commissions)

  OpoFinance's spreads vary by account type, with the standard account starting from around 1.8 pips and the ECN account offering spreads from 0.8 pips for a commission of $6. The ECN Pro account offers even tighter spreads but requires a minimum deposit of $5,000 and charges a commission of $4. While these costs are competitive, they are still higher than what some other regulated brokers offer, which can be a disadvantage for cost-conscious traders.

  

Leverage

  The maximum leverage offered by OpoFinance is as high as 1:500, which can be appealing to experienced traders looking to maximize their potential returns. However, this level of leverage also comes with increased risk, especially for less experienced traders (BrokerXplorer).

  

Allowed Trading Platforms

  OpoFinance primarily utilizes the well-regarded MetaTrader 4 and MetaTrader 5 platforms, which are known for their user-friendly interfaces and advanced trading tools. These platforms support automated trading and offer a variety of indicators and charting tools, making them suitable for both novice and experienced traders.

  

Restricted Regions

  OpoFinance does not accept clients from several countries, including the United States, Turkey, and Canada. This may limit access for some potential traders, particularly in regions where regulatory scrutiny is more stringent.

  

Available Customer Service Languages

  Customer support at OpoFinance is available in multiple languages, including English, Arabic, Chinese, and more. However, the overall customer service experience has received mixed reviews, with some users reporting slow response times and unhelpful interactions (Fundevity).

  

Summary of Ratings

Category Detailed Explanation
Account Conditions OpoFinance offers a variety of account types with a low minimum deposit, but the higher spreads and commissions can be a drawback.
Tools and Resources The broker provides access to popular trading platforms but lacks extensive educational resources.
Customer Service & Support Mixed reviews regarding responsiveness and effectiveness, with some users expressing dissatisfaction.
Trading Setup (Experience) Competitive trading conditions but concerns over withdrawal issues and regulatory status.
Trustworthiness Low trust rating due to offshore regulation and mixed user feedback.
User Experience User experiences vary, with some positive comments about platform usability but significant concerns about fund security.

  In conclusion, while OpoFinance offers an enticing range of trading options and competitive conditions, significant concerns regarding its regulatory status and user experiences cannot be overlooked. Potential traders are advised to conduct thorough research and consider alternative options with stronger regulatory backing before committing their funds.