Online Trading Starts Here
EN /brokers/forex/view/fx-opulence/
AR Arabic
AZ Azerbaijan
CS Czech
DA Danish
DE Deutsche
EL Greek
EN English
ES Spanish
ET Estonian
FI Finnish
FR French
HE Hebrew
HI Hindi
HU Hungarian
IND Indonesian
IT Italian
JA Japan
KK Kazakh
KM Khmer
KO Korean
MS Melayu
NB Norwegian
NL Dutch
PL Polish
PT Portuguese
RO Romanian
... Русский
SV Swedish
TH Thai
TR Turkish
UA Ukrainian
UZ Uzbek
VI Vietnamese
ZH Chinese

FX Opulence Review 2025

Updated:

Brief Look at FX Opulence

FX Opulence, an Australian brokerage firm founded in 2012, has turned out to be a scam.
FX Opulence Pty Ltd is not directly regulated by the ASIC (Australian Securities and Investments Commission). Instead, it operates under an authorization license obtained from MGF CAPITAL PTY LTD (AFSL no. 421246). This means that FX Opulence is not fully under ASIC's control and does not fall under its strict rules and oversight.
FX Opulence is not authorized to independently issue over-the-counter (OTC) derivatives. The company is not a market maker for such products and does not engage in direct transactions with clients.
FX Opulence holds a limited license to provide financial services only to wholesale clients in Australia. In reality, the broker is registered in Saint Vincent and the Grenadines, a jurisdiction known as a haven for dubious brokerage firms. Although there is a financial regulator in this country, it does not oversee the activities of Forex brokers and does not issue them licenses.
Due to the lack of direct ASIC regulation and the lack of transparency regarding the safety of client funds, staff, and registered addresses, FX Opulence is not recommended as a reliable Forex broker.

User Satisfaction i

Score:
2.2/10

Share your experience

  • Best
  • Last
  • Oldest
Avatar
Avatar
detrue
43 weeks ago
Location CA

As a trader with 5 years of experience, I am extremely disappointed with FX Opulence. Initially, I was attracted by their promises of tight spreads and fast execution for scalping. The first month went well. I made a small profit on EUR/USD and GBP/JPY pairs. However, the problems began: spreads on major pairs widened to 3-4 pips during the most active hours, and slippage reached 7-10 pips. My M5 trading strategy, which involves scalping 5-minute charts with a 15-pip take-profit, stopped working. When I contacted support, they suggested I switch to a PRO account with a minimum deposit of $10,000. I refused and tried to withdraw the remaining funds. That's when the real ordeal began, my withdrawal request was stuck for a week, and then my account was blocked on the grounds of "suspicious activity." A month of battling their security team yielded no results. Ultimately, I lost $3,000 and several months of my sanity. I strongly discourage both beginners and professionals from using this b

Avatar
Avatar
anhsuperstar
45 weeks ago

My experience with FX Opulence was a real letdown for a fundamental trader. Initially, everything looked promising: a user-friendly platform, extensive analytics, and a detailed economic calendar. I specialize in trading during the release of important economic news, especially on USD pairs. However, I soon noticed that their calendar regularly lagged behind actual events by 1-2 minutes, which is critical for my strategy. Moreover, when I tried to enter the market during post-news volatility, the platform often froze, and orders were executed with huge delays. For example, during the Non-Farm Payrolls release, my EUR/USD buy order was executed 50 pips above the intended price!

Support responded to my complaints with generic phrases about market conditions. When I demanded compensation and threatened to contact regulatory authorities, my account was suddenly blocked for "review." For three weeks, I tried to reach their support team, but I only received empty promises. Eventually, under

Avatar
Avatar
fin-forex
50 weeks ago

FX Opulence is the worst choice for an algo-trader. I am a trading system developer with 7 years of experience and have never encountered such unprofessionalism. Their API, which they praised so much, turned out to be a nightmare. High delays in receiving quotes of up to 500 ms, frequent connection breaks, and the absence of critical endpoints for obtaining market depth. My trading bot, which consistently generated 5-7% per month on other platforms, barely broke even here. When I submitted a detailed bug report to their tech support, I received a reply that their "API is in beta testing." However, the real problems began when I optimized the algorithm to fit their flawed infrastructure and started showing stable growth on JPY cross pairs. I was accused of using "non-market trading methods" and locked out. All my attempts to clarify the situation or withdraw funds hit a wall of silence. Then, without any explanation, they closed all my positions at unfavorable prices, and my account was

Avatar
Avatar
chishty2
51 weeks ago

Attention all options traders - FX Opulence is not your broker! I've been trading binary options for 3 years and decided to try their platform due to the enticing conditions: high payout percentages, a convenient interface, and fast execution. The first two weeks went smoothly; I even made a profit on short-term options on EUR/USD and gold. But then the real circus began. Their platform regularly lagged when trying to close a position early, especially if the option was in profit. Payout percentages on popular assets suddenly dropped before significant economic events. For example, 15 minutes before the Fed's rate decision, payouts on USD/JPY fell from 82% to 65%! When I contacted support for an explanation, they suggested I switch to an "enhanced" account with a deposit of $50,000. After I declined, the situation only worsened as my tried-and-true RSI trading strategy stopped working, as if an algorithm was playing against me. After a month of frustration, I requested to withdraw the

Avatar
Avatar
faazizi
1 year ago

FX Opulence is a nightmare for a scalper. I've been day trading Forex for over 4 years and have never encountered such blatant disregard for client interests. They marketed themselves as an ECN broker with direct access to interbank liquidity. I opened an account and started trading on M5 timeframes, mainly on EUR/USD and USD/JPY pairs. As soon as my balance grew by 20%, the problems began. Spreads widened to absurd levels, sometimes up to 5-6 pips on EUR/USD during the most liquid hours! Slippage when entering the market reached 10-12 pips, but when closing profitable trades, orders were executed instantly, often at a worse price. I filed a detailed complaint with screenshots, only to receive a standard response about "market conditions" and "liquidity issues." When I demanded data on their liquidity providers, I was simply ignored. After a month of such trading, only half of my deposit remained. I decided to withdraw the funds, but then the real hell began as my account was blocked,

Avatar
Avatar
pavvan77
1 year ago

As a trader specializing in exotic currency pairs, I am extremely disappointed with FX Opulence. Initially, their offering seemed attractive: a wide range of instruments, including rare pairs like USD/TRY and EUR/ZAR, supposedly with tight spreads. The first month went well; I even made a profit on trades with THB and MXN.

However, soon after, when trying to close a position in profit, the platform executed the order at a worse price. When I contacted support, I was informed that to trade exotic pairs, I needed to switch to an advanced account with a deposit. I didn't have a large sum, so I refused. After that, the quality of quotes worsened further, and many pairs disappeared from the platform altogether.

My account was blocked under the pretext of "unusual trading activity." I lost $67,000 and several months of my time…

Avatar
Avatar
JFLima
1 year ago

I've been using Gann angles and the 9x9 square for over 6 years and have never encountered such disrespect for technical analysis.

Just a few months into productive work, I noticed that the prices on their charts did not match real quotes. This was especially noticeable on weekly and monthly timeframes as key support and resistance levels calculated using Gann methods consistently failed by 20-30 pips. When I pointed out these discrepancies to support, they replied that their quotes are "aggregated from several sources" and may differ. But the real shock came when, during a major reversal on GBP/USD, which I had accurately calculated using Gann's square, the platform froze for 10 minutes and then showed completely different prices!
I lost a large sum and demanded an explanation. In response, my account was frozen with no possibility of withdrawing money.

We constantly monitor the Internet for the emergence of new fraudulent schemes to deceive traders. We have been collecting data about scam brokers for more than 10 years and we think we know every dishonest company in the market. Below we have collected for you the information about the scammers from the List of SCAM Brokers.

Articles that may help you

Two Key Habits You Must Develop To Become A Winning Trader
How To Use The Triple Exponential Moving Average
Is Forex Trading Halal Or Haram? Complete Guide
Alligator Indicator
How to Use the Traders Dynamic Index
How To Use Donchian Channels To Spot Real Breakouts
Jabulani Ngcobo Trading Strategy, Net Worth And Portfolio
Kathy Lien
How To Use The Market Facilitation Index To Read Real Market Strength

Check out our reviews of other companies as well

Team that worked on the article