Opofinance is a forex broker registered in Seychelles and a brand under Opo Group LTD. The website supports English, Japanese, Persian, and Arabic. The broker mainly offers trading services in forex, precious metals, commodities, stocks, and indices, but does not provide services to countries like Turkey, the United States, Japan, Canada, and North Korea.
Company Background
The company entity of Opofinance is Opo Group LTD, with a registration number of 8430865-1 in Seychelles. The detailed address is CT House, Office 9D, Providence, Mahe Seychelles. According to whois information, the domain registration date of the broker's official website is February 14, 2022.
OPO GROUP is an approved member of the Financial Commission, an international organization dedicated to resolving disputes within the forex market financial services industry, located in Hong Kong and London.
OPO GROUP LLC is registered in St. Vincent and the Grenadines with registration number 866LLC2021, located at Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines. The company's registration information has been verified on the official website of the St. Vincent and the Grenadines Financial Services Authority (SVGFSA).
Regulatory Information
According to the company's official website, Opo Group LTD is regulated by the Seychelles Financial Services Authority (FSA) under license number SD124.
The Seychelles Financial Services Authority (FSA) primarily regulates offshore financial services, but offshore regulatory bodies typically have less stringent supervisory authority compared to other financial regulators.
Trading Products
Forex: The forex market is one of the world's largest financial markets for trading currencies from different countries. It allows traders to profit from fluctuations in exchange rates between different currencies.
Precious Metals: The precious metals market involves trading valuable metals such as gold, silver, platinum, and palladium. These metals are typically traded in ounces, with prices affected by supply and demand, economic factors, and geopolitical influences.
Commodities: The commodities market includes trading raw materials and bulk products such as oil, natural gas, gold, copper, soybeans, and wheat. Commodity trading can offer opportunities for portfolio diversification.
Stocks: The stock market is a venue for trading company shares. Purchasing stocks means owning part of the company, allowing you to share in its profits and losses. Stock markets are 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 classes. They consist of a group of related asset prices, often representing overall market performance.
Account Types
The broker offers different account types on Meta Trader and CTrader platforms, allowing users to choose according to their needs and preferences.
Meta Trader Accounts
Standard
- Account Currency: USD
- Minimum Deposit: $100
- Commission: $0
- Spread: From 1.8 pips
- Margin Call: 80%
- Stop Out: 40%
- Maximum Leverage: 1:2000
ECN
- Account Currency: USD
- Minimum Deposit: $100
- Commission: $6
- Spread: From 0.8 pips
- Margin Call: 80%
- Stop Out: 40%
- Maximum Leverage: 1:2000
ECN Pro
- Account Currency: USD
- Minimum Deposit: $5000
- Commission: $4
- Spread: From 0 pips
- Margin Call: 80%
- Stop Out: 40%
- Maximum Leverage: 1:2000
Social Trade
- Account Currency: USD
- Minimum Deposit: $200
- Commission: $0
- Spread: From 1.5 pips
- Margin Call: 80%
- Stop Out: 40%
- Maximum Leverage: 1:500
Prop
- Account Currency: USD
- Minimum Deposit: $1000
- Commission: $6
- Spread: From 0.8 pips
- Margin Call: 80%
- Stop Out: 40%
- Maximum Leverage: 1:30
CTrader Accounts
CTrader ECN
- Account Currency: USD
- Minimum Deposit: $200
- Commission: $6
- Spread: From 1 pip
- Margin Call: 80%
- Stop Out: 20%
- Maximum Leverage: 1:500
CTrader ECN Plus
- Account Currency: USD
- Minimum Deposit: $5000
- Commission: $4
- Spread: From 0 pips
- Margin Call: 80%
- Stop Out: 20%
- Maximum Leverage: 1:500
CTrader Copy
- Account Currency: USD
- Minimum Deposit: $200
- Commission: $0
- Spread: From 2.2 pips
- Margin Call: 80%
- Stop Out: 20%
- Maximum Leverage: 1:500
How to Register an Account
New users can register by following these steps:
Visit the broker's website and click "Open an Account";
Users need to fill in personal information like name, date of birth, and nationality in the registration form;
Users must provide contact details, including phone number and email;
Set an account password and confirm it (the referral code is optional);
Agree to the client agreement and privacy policy and then click Create Account;
After successful registration, you can log in to your account using your email and password.
Trading Platform
The broker offers a wide range of MT4, MT5 trading platforms and MetaTrader Web.
MT4 (MetaTrader 4): MT4 is a popular forex trading platform, providing traders with real-time trading, technical analysis tools, and automated trading capabilities.
MT5 (MetaTrader 5): MT5 is an upgraded version of MT4, supporting not only forex trading but also other financial instruments like stocks, futures, and options. It includes more technical indicators, time frames, deeper market analysis features, and a built-in economic calendar than MT4.
MetaTrader Web: MetaTrader Web is the online version of the MetaTrader trading platform, allowing trading through a web browser without downloading or installation. It enables traders to trade from anywhere using any device, including desktops, laptops, and mobile devices.
Spreads and Leverage
Opofinance offers account types with different spreads. The Standard account spreads start from 1.8 pips, ECN account spreads from 0.8 pips, and Social Trade account spreads from 1.5 pips, while the lowest spreads are available in the ECN Pro account starting from 0.0 pips.
Leverage primarily magnifies the potential for profit but also increases the risk of loss. Opofinance offers high leverage ratios for all accounts, with account holders being able to use leverage up to 1:2000. This means account holders can control assets of very high value with only a small amount of their own funds. However, such high leverage usually leads to extremely high risk. Investors should thoroughly understand all associated risks.
Demo Account
The demo account is a virtual trading account provided by Opofinance to simulate real market trading. It allows investors to familiarize themselves with the market and trading platform, understand the types of trading orders, learn how to analyze the market, and how to manage risk.
Deposit and Withdrawal Methods
The company's deposit and withdrawal methods are diverse, offering convenience for users to conduct transactions according to their preferences. Available options include UnionPay, Advcash, Visa/Mastercard, Perfect Money, or TC Pay.
Customer Support
The broker provides a telephone hotline and email services. Users can call +447312763042 between 8 AM and 5 PM (GMT +3) or send an email to support@opofinance.com/support@opoforex.com. The company offers around-the-clock customer service. Users can contact the company for professional assistance and comprehensive information through these channels.
Conclusion
Opofinance is a forex broker registered in Seychelles, providing trading services in forex, metals, commodities, stocks, and indices. The broker is regulated by the Seychelles Financial Services Authority (FSA) for offshore trading activities, though this regulatory oversight tends to be lighter compared to other financial regulators.
