Opofinance

Opofinance is a company known for offering a wide range of financial services and investment products. However, the corporate background and regulatory information of Opofinance lack transparency. In this article, we will delve into the corporate background, regulatory status, account types, trading software, trading products, spreads, leverage, commission rates, as well as deposit and withdrawal methods of Opofinance.

Corporate Background of Opofinance:

The corporate background information of Opofinance is relatively scarce. According to its official website, the domain registration date of the website is April 3, 2024. However, the website does not provide information about the official establishment time and registration address. The lack of this information leads to lower transparency in the corporate background.

Regulatory Information of Opofinance:

Opofinance claims to be regulated by the Seychelles Financial Services Authority (FSA) and holds the license number SD124. However, upon verification, these claims are not true. The Seychelles Financial Services Authority has not granted Opofinance regulatory qualification.

Account Registration Process of Opofinance:

1. Visit the official website and click on the registration button
2. Fill out the application form
3. Submit identity verification/My Number verification documents
4. Deposit and start trading

Account Types of Opofinance:

The following are the account types offered by Opofinance and their features:

Micro Account：

1. Minimum deposit: $10
2. Trading platform: MT4, MT5, Web, cTrader
3. Commission: None
4. Maximum deposit limit: Unlimited
5. Spread: Minimum 1.8 points
6. Order execution: Market
7. Leverage: 1:500
8. Margin call: 80%
9. Account currency: USD
10. Stop out ratio: 40%

Standard Trading：

1. Minimum deposit: $100
2. Trading platform: MT4, MT5, Web, cTrader
3. Commission: None
4. Maximum deposit limit: Unlimited
5. Spread: Minimum 1.8 points
6. Order execution: Market
7. Leverage: 1:2000
8. Margin call: 80%
9. Account currency: USD
10. Stop out ratio: 40%

ECN Account：

1. Minimum deposit: $100
2. Trading platform: MT4, MT5, Web, cTrader
3. Commission: $6
4. Maximum deposit limit: Unlimited
5. Spread: Minimum 0.8 points
6. Order execution: Market
7. Leverage: 1:2000
8. Margin call: 80%
9. Account currency: USD
10. Stop out ratio: 40%

ECN Pro Account：

1. Minimum deposit: $5000
2. Trading platform: MT4, MT5, Web, cTrader
3. Commission: $4
4. Maximum deposit limit: Unlimited
5. Spread: Minimum 0.0 points
6. Order execution: Market
7. Leverage: 1:2000
8. Margin call: 80%
9. Account currency: USD
10. Stop out ratio: 40%

Social Trade Account：

1. Minimum deposit: $200
2. Trading platform: MT4, MT5, Web, cTrader
3. Commission: None
4. Maximum deposit limit: Unlimited
5. Spread: Minimum 1.5 points
6. Order execution: Market
7. Leverage: 1:2000
8. Margin call: 80%
9. Account currency: USD
10. Stop out ratio: 40%

Trading Software of Opofinance:

Opofinance offers a variety of trading software choices, including the industry-renowned MetaTrader 4 and MetaTrader 5, as well as the convenient cTrader and Web terminal. These trading platforms offer comprehensive features and tools suitable for different types of traders, thus meeting their trading needs and preferences.

Trading Products of Opofinance:

• Forex: Opofinance offers trading opportunities in over 30 major currency pairs, including GBP/USD, GBP/CAD, EUR/USD, USD/CAD, and USD/JPY.
• Metals: Traders can engage in the precious metals market with instruments such as gold/USD, silver/USD, and platinum/USD.
• Commodities: Opofinance offers commodity trading with instruments such as WTI Crude/USD, Brent/USD, and natural gas/USD.
• Stocks: Traders can enter the stock market with tools like Opofinance and companies like Apple.
• Cryptocurrencies: Opofinance provides trading in over 65 cryptocurrencies, including Bitcoin, Litecoin, and Ethereum.
• Indices: Opofinance also offers trading opportunities in a variety of global indices.
• Contracts for Difference: Opofinance also offers CFD trading, allowing traders to speculate on the rising or falling prices of rapidly changing global financial markets.

What are Opofinance's Spreads, Leverage, and Commissions?

Opofinance offers a variety of account types, each with different settings for spreads, leverage, and commissions.

• Micro Account: The spread is as low as 1.8 points, with a leverage of 1:500, and no commission.
• Standard Trading: The spread is as low as 1.8 points, with a leverage of 1:2000, and no commission.
• ECN Account: The spread is as low as 0.8 points, with a leverage of 1:2000, and a commission of $6.
• ECN Pro Account: The spread is as low as 0.0 points, with a leverage of 1:2000, and a commission of $4.
• Social Trade Account: The spread is as low as 1.5 points, with a leverage of 1:2000, and no commission.

This information indicates that Opofinance offers diversified trading options to meet the needs and preferences of different investors.

What Deposit and Withdrawal Methods are Available at Opofinance? Are They Safe?

Opofinance offers a variety of deposit and withdrawal methods, including traditional payment systems and the latest digital currency solutions:

1. Perfect Money: A popular online payment service that allows safe and instant payments and transfers, suitable for those who like online transactions.
2. Credit and Debit Cards: Opofinance accepts credit and debit card payments, with transactions processed immediately, quickly and conveniently.
3. TCPay: Another online payment platform renowned for its secure and efficient remittance services, offering a reliable option for funding accounts.
4. B2BinPay: A platform convenient for transferring cryptocurrencies, suitable for cryptocurrency enthusiasts, offering fast, secure, and easy management of trading funds.
5. Advcash (Advanced Cash): A versatile online payment platform supporting multiple currencies, providing fast transactions, suitable for those seeking flexible payment methods.
6. UnionPay: A globally accepted payment network, secure and reliable, especially suitable for users in regions where UnionPay is widely available.
7. Cryptocurrencies: Opofinance also accepts cryptocurrencies as a funding method, offering faster transaction times, lower fees, and a modern, popular way of managing funds.

These diverse deposit and withdrawal methods provide users with flexibility and convenience, allowing them to choose the most suitable way to manage their trading account funds. Opofinance is committed to providing clients with safe, efficient fund management services.

Customer Support at Opofinance:

Opofinance does not provide any customer support channels. Therefore, Opofinance needs to seriously consider improving its customer support system to establish effective communication channels, ensuring customers can receive support and assistance in a timely manner.

Conclusion:

Opofinance offers a variety of trading accounts, covering the needs and preferences of different investors. However, the lack of transparency in corporate background information and regulatory status may affect some investors' trust in the company. Additionally, despite offering various deposit and withdrawal methods, the lack of customer support channels has also raised some concerns. Therefore, Opofinance needs to make further efforts to improve its transparency and customer service system to enhance customer experience and satisfaction. Currently, Opofinance is listed as "Suspected Fraud" on TraderKnows.