Opofinance is a broker registered in Seychelles and is also a brand under Opo Group LTD. The official website of Opofinance is http://www.opofinance.com/en, which supports English, Persian, and Arabic languages. Opofinance mainly provides trading services for forex, metals, commodities, stocks, and indices, but the company does not offer services to countries such as Turkey, Australia, the United States, Japan, Canada, and North Korea.
Company Background:
The corporate entity of Opofinance is Opo Group LTD, registered in Seychelles with registration number 8430865-1. The detailed address of the company is CT House, Office 9D, Providence, Mahe Seychelles. The domain name of Opofinance is opofinance.com, and according to the whois query, the domain name was registered on 2022/02/14.
OPO GROUP is an approved member of the Financial Commission, dedicated to resolving financial service disputes in the foreign exchange markets in Hong Kong and London.
OPO GROUP LLC. is registered in Saint Vincent and the Grenadines with registration number 866LLC2021 and the registered address is Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines. However, the relevant registration information of the company was not found in the Financial Services Authority of Saint Vincent and the Grenadines.
Regulatory Status:
According to the company's official website, Opo Group LTD is regulated by the Financial Services Authority (FSA) of Seychelles, holding the regulatory license SD124. The Financial Services Authority of Seychelles (FSA) is primarily responsible for regulating offshore financial business. However, the regulatory efforts of offshore regulatory bodies are relatively modest compared to other financial regulatory agencies.
Market Instruments:
Forex: The forex market is one of the largest financial markets globally, used for trading currencies of different countries. The forex market allows traders to profit from fluctuations in exchange rates between different currencies.
Precious Metals: The precious metals market includes trading in precious metals such as gold, silver, platinum, and palladium. Precious metals are usually traded in ounces and their prices are typically influenced by supply and demand, economic factors, and geopolitical issues.
Commodities: The commodities market includes trading in raw materials and bulk commodities such as oil, natural gas, gold, copper, soybeans, wheat, etc. Commodity trading offers opportunities for portfolio diversification.
Stocks: The stock market is a trading market for company stocks. Buying stocks means becoming a shareholder of a company, enabling individuals to share in the profits and losses of the company. The stock market is typically used for long-term investments but can also be used for short-term trading.
Indices: Indices are standardized indicators used to measure the performance of specific markets or asset categories. They consist of a group of related asset prices, typically representing the overall performance of the market.
Account Types:
Opofinance offers four types of accounts, allowing users to choose according to their needs and preferences.
Standard: The minimum deposit for this account is $100, with no limit on the maximum deposit amount. It does not charge any fees and provides normal spreads.
ECN: The minimum deposit for this account is $100, with no limit on the maximum deposit amount. It charges certain fees and provides low spreads.
Social Trade: The minimum deposit for this account is $200, with no limit on the maximum deposit amount. It does not charge any fees and provides normal spreads.
ECN Pro: The minimum deposit for this account is $5000, with no limit on the maximum deposit amount. It charges certain fees and provides competitive low spreads.
How to Register an Opofinance Account:
New users of Opofinance can register by following these steps:
Visit the Opofinance official website and click on "Open an Account."
Users need to fill in personal basic information such as name, date of birth, and nationality in the registration form.
Users should provide contact information, such as a mobile phone number and email.
Set an account password and confirm the password again (recommended identification code is optional).
After agreeing to the customer agreement and privacy policy, click on "Create Account."
Once the account is successfully registered, users can log in to their account using their email and password.
Trading Platforms:
Opofinance provides a wide range of MT4 and MT5 trading platforms, as well as the MetaTrader web version.
MT4: MT4 is a popular forex trading platform that provides real-time trading, technical analysis tools, and automated trading functions for traders.
MT5: MT5 is an upgraded version of MT4, offering not only forex trading but also support for other financial instruments such as stocks, futures, and options. It has more technical indicators and timeframes than MT4, deeper market analysis capabilities, and a built-in economic calendar.
MetaTrader Web Terminal: It is an online version of the MetaTrader trading platform that can be accessed through a web browser without the need for download or installation. It allows traders to trade from anywhere using any device, including desktops, laptops, and mobile devices.
Spreads and Leverage:
Opofinance offers different spreads for each account type. The spreads for the Standard account start from 1.8 points, for the ECN account from 0.8 points, and for the Social Trade account from 1.5 points. The lowest spreads are offered by ECN Pro, starting from 0.0 points. The main role of leverage is to amplify the profit potential of investments but comes with an increased risk of losses.
All accounts of Opofinance have relatively high leverage ratios, with a leverage of up to 1:2000 available to account holders. This means account holders can control assets of very high value with relatively small amounts of their own funds. However, such high leverage ratios typically entail high risks. Investors should be aware of all relevant risks.
Demo Account:
A demo account is a virtual trading account provided by Opofinance to users for simulating real market trading. The demo account allows investors to become familiar with the market and trading platform, understand the types of trading orders, learn how to analyze the market, and manage risks.
Deposit and Withdrawal Methods:
The company offers a variety of deposit and withdrawal methods, allowing users to trade according to their preferences. User options for deposits and withdrawals include UnionPay, Advcash, Visa/MasterCard, Perfect Money, or TC Pay, among others.
Customer Support:
Opofinance provides telephone hotlines and email services. Users can call +447312763042 between 8 am and 5 pm (GMT +3) or send an email to support@opofinance.com/KYC@opofinance.com. The company offers round-the-clock customer service and provides an online information submission feature, allowing users to directly submit their names, emails, service categories, and personal questions to Opofinance. Users can use these methods to contact the company for further assistance and detailed information.
Summary:
Opofinance is registered in Seychelles and provides trading services for forex, metals, commodities, stocks, and indices. Opofinance is regulated by the Financial Services Authority (FSA) of Seychelles, with a relatively moderate level of regulation. Currently, the company is listed as "Active" on TraderKnows.
