According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $100
- cTrader
- MetaTrader4
- MetaTrader5
- IFSC
Our Evaluation of Opofinance
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Opofinance is a broker with higher-than-average risk and the TU Overall Score of 4.27 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Opofinance clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
Opofinance offers a wide range of trading instruments and account types catering to both beginners and experienced traders. The MetaTrader platforms provide convenience and powerful analytical tools. While information on regulation is limited, Opofinance actively promotes social trading and high leverage, offering attractive trading conditions. With its client support and innovative offerings, Opofinance may be a suitable choice for traders seeking a client-oriented broker.
Brief Look at Opofinance
Opofinance is a broker that offers trading services with a focus on innovation and client support. The company provides four account types: Standard, ECN, Social Trade, and ECN Pro. The minimum deposit for a Standard account is $100. Opofinance supports the MetaTrader 4 and MetaTrader 5 platforms, known for their extensive analytical capabilities. Regulated by international standards, Opofinance offers client fund protection and a secure trading environment. The broker is regulated by the International Financial Services Commission of Belize (IFSC).
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- Opofinance claims that it complies with international client protection standards.
- Variety of trading instruments. including Forex, metals, commodities, indices, and stocks.
- Competitive spreads start from 0.0 pips.
- Leverage up to 1:2000.
- MetaTrader 4 and 5 trading platforms are available in desktop, web, and mobile versions.
- The Opo Social Trade platform allows copy trading.
- Support is available 24/5, and it is multilingual.
- Relatively high minimum deposits for ECN Pro accounts.
- Limited information about specific regulators.
TU Expert Advice
Author, Financial Expert at Traders Union
Opofinance facilitates trading across Forex, metals, commodities, indices, and stocks, offering four account types: Standard, ECN, Social Trade, and ECN Pro. The minimum deposit starts at $100 for the Standard account, and spreads for the ECN account start at 0.0 pips. Traders can utilize MetaTrader 4 and 5 platforms, which provide robust trading tools and access via desktop or mobile. With leverage up to 1:2000 and access to innovative features like social trading, Opofinance appeals to a wide range of traders with its competitive trading environment.
However, Opofinance comes with drawbacks such as its tiered regulatory structure, where not all entities are covered by Tier-1 regulation, which may affect regulatory clarity for some clients. Relatively high minimum deposits for the ECN Pro account and additional fees on deposits and withdrawals also pose challenges for cost-conscious traders. Due to these factors, Opofinance may not be suitable for traders prioritizing consistent Tier-1 regulatory transparency across all offerings and universally low transaction costs. While it provides a wide spectrum of trading instruments and platforms, traders should consider their priorities and other options in the market.
Opofinance Trading Conditions
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| 💻 Trading platform: | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader |
|---|---|
| 📊 Accounts: | Standard, ECN, Social Trade, ECN Pro |
| 💰 Account currency: | USD, EUR |
| 💵 Deposit / Withdrawal: | Bank transfers, credit/debit cards |
| 🚀 Minimum deposit: | $100 for Standard account |
| ⚖️ Leverage: | up to 1:2000 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 lots |
| 💱 EUR/USD spread: | 0,2 pips |
| 🔧 Instruments: | Forex, metals, commodities, stocks, indices |
| 💹 Margin Call / Stop Out: | Margin call на 100%, stop out на 30% |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes, via MT4 and MT5 mobile application |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Market |
| ⭐ Trading features: | Competitive spreads, high leverage, and social trading |
| 🎁 Contests and bonuses: | Occasional promotions and bonuses |
Opofinance offers a reliable trading environment with a variety of instruments and flexible conditions. The support for MT4 and MT5 platforms provides traders with access from both desktop and mobile devices, creating the flexibility for successful trading anywhere.
Opofinance Key Parameters Evaluation
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Trading Account Opening
To register on the Opofinance website, create an account providing a username and password. To open an account, follow these steps:
Choose the account type that matches your investment goals and click the button to open it.
Provide your details in the registration form and set a password for your first login. The password must be changed every three months.
Complete the process by uploading documents that verify your identity and place of residence.
Regulation and safety
Opofinance has a safety score of 8.6/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Tier-1 regulated
- Negative balance protection
- Track record of less than 8 years
Opofinance Regulators and Investor Protection
| Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
|---|---|---|---|---|
 ASIC |
Australian Securities and Investments Commission | Australia | No specific fund but has stringent consumer protection | Tier-1 |
 FSA (Seychelles) |
Financial Services Authority of Seychelles | Seychelles | No specific fund | Tier-3 |
 SVG FSA |
Financial Services Authority of St. Vincent and the Grenadines | St. Vincent and the Grenadines | No specific fund | Tier-3 |
 The Financial Commission |
The Financial Commission | International | Up to €20,000 | Tier-3 |
Opofinance Security Factors
| Foundation date | - |
| Negative balance protection | Yes |
| Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker Opofinance have been analyzed and rated as High with a fees score of 4/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- Tight EUR/USD market spread
- No inactivity fee
- Above-average Forex trading fees
- Deposit fee applies
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of Opofinance with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, Opofinance’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
Opofinance Standard spreads
| Opofinance | Pepperstone | OANDA | |
| EUR/USD min, pips | 1,8 | 0,5 | 0,1 |
| EUR/USD max, pips | 2,6 | 1,5 | 0,5 |
| GPB/USD min, pips | 2,2 | 0,4 | 0,1 |
| GPB/USD max, pips | 3,2 | 1,4 | 0,5 |
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
Opofinance RAW/ECN spreads
| Opofinance | Pepperstone | OANDA | |
| Commission ($ per lot) | 4,0 | 3 | 3,5 |
| EUR/USD avg spread | 0,2 | 0,1 | 0,15 |
| GBP/USD avg spread | 0,4 | 0,15 | 0,2 |
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with Opofinance. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
Opofinance Non-Trading Fees
| Opofinance | Pepperstone | OANDA | |
| Deposit fee, % | 0-2,5 | 0 | 0 |
| Withdrawal fee, % | 0-2 | 0 | 0 |
| Withdrawal fee, USD | 3-5 | 0 | 0-15 |
| Inactivity fee ($, per month) | 0 | 0 | 0 |
Account types
The Opofinance website features four live accounts, each offering different conditions:
The minimum deposit: is $100.
Leverage is up to 1:2000.
Platforms available are MT4 and MT5.
The commission is $6 per lot.
Minimum deposit is $1,000.
Leverage is up to 1:500.
Platforms available are MT4 and MT5.
Copy trading is available.
Minimum deposit is $300.
Leverage is up to 1:1000.
The trading platform available is Opo Social Trade.
The commission is $6 per lot.
Minimum deposit is $5,000.
Leverage is up to 1:500.
Platforms available are MT4 and MT5.
Each account is designed for a specific category of traders, from beginners to professionals, offering flexible conditions and access to various instruments.
Deposit and withdrawal
Opofinance received a Low score for the efficiency and convenience of its deposit and withdrawal processes.
Opofinance offers limited payment options and accessibility, which may impact its competitiveness.
- Bank wire transfers available
- Minimum deposit below industry average
- Low minimum withdrawal requirement
- Bank card deposits and withdrawals
- Wise not supported
- PayPal not supported
- BTC payments not accepted
What are Opofinance deposit and withdrawal options?
Opofinance offers a limited selection of deposit and withdrawal methods, including Bank Card, Bank Wire. This limitation may restrict flexibility for users, making Opofinance less competitive for those seeking diverse payment options.
Opofinance Deposit and Withdrawal Methods vs Competitors
| Opofinance | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | No | No | No |
What are Opofinance base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. Opofinance supports the following base account currencies:
What are Opofinance's minimum deposit and withdrawal amounts?
The minimum deposit on Opofinance is $100, while the minimum withdrawal amount is $1-15. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Opofinance’s support team.
Markets and tradable assets
Opofinance provides a standard range of trading assets in line with the market average. The platform includes 1300 assets in total and 30 Forex currency pairs.
- Indices trading
- Crypto trading
- 1300 assets for trading
- Bonds not available
- Small selection of currency pairs
Supported markets vs top competitors
We have compared the range of assets and markets supported by Opofinance with its competitors, making it easier for you to find the perfect fit.
| Opofinance | Plus500 | Pepperstone | |
| Currency pairs | 30 | 60 | 90 |
| Total tradable assets | 1300 | 2800 | 1200 |
| Stocks | Yes | Yes | Yes |
| Commodity futures | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | No | Yes | No |
Investment options
We also explored the trading assets and products Opofinance offers for beginner traders and investors who prefer not to engage in active trading.
| Opofinance | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | No | Yes | Yes |
| Copy trading | Yes | No | Yes |
| PAMM investing | No | No | Yes |
| Managed accounts | No | No | No |
Customer support
Opofinance provides client support on 24/5, except on national holidays. Support is available through several communication channels.
Advantages
- Support is available in several languages.
- The company offers a call center for clients.
Disadvantages
- Online support is available on a limited basis.
- The office can be visited by appointment only.
Opofinance clients can reach support through the following methods:
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Hotline.
-
Email.
-
Feedback form.
-
By visiting the office.
Opofinance offers support not only to its clients but also to potential ones.
Contacts
| Registration address | 121 Prodromou, 2064, Nicosia, Cyprus |
|---|---|
| Regulation | IFSC |
| Official site | opofinance.com |
| Contacts |
+357 22 008839
|
Education
Opofinance offers traders a variety of educational resources to help them improve their trading skills. Access to information on trading conditions, learning different trading concepts, and understanding market trends allow traders to better navigate financial markets.
Comparison of Opofinance with other Brokers
| Opofinance | Bybit | Eightcap | XM Group | FBS | Kama Capital | |
| Trading platform |
cTrader, MetaTrader4, MetaTrader5 | MetaTrader5 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MobileTrading, MT5, FBS app | MetaTrader5 |
| Min deposit | $100 | No | $100 | $5 | $5 | No |
| Leverage |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:3000 |
From 1:1 to 1:400 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 0 points | From 0 points | From 0 points | From 0.8 points | From 1 point | From 0 points |
| Level of margin call / stop out |
100% / 30% | No / 50% | 80% / 50% | 100% / 50% | 40% / 20% | 20% / No |
| Order Execution | Market Execution | Market Execution | Market Execution | Market Execution | Market Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | No | No | Yes |
Detailed Review of Opofinance
Opofinance provides clients with a wide range of tools and resources for market analysis, investment decision-making, and portfolio monitoring. Through MetaTrader 4, MetaTrader 5, and cTrader platforms, along with analytical reports and news feeds, investors can develop optimal strategies aligned with their financial goals and trading preferences. Opofinance offers access to over 200 financial instruments, including currency pairs, indices, stocks, and commodities. Regulated by the International Financial Services Commission of Belize (IFSC), the broker ensures a degree of investment security. Additionally, the company provides high-quality client support.
Opofinance’s trading platforms:
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MetaTrader 4 and MetaTrader 5. Widely used online trading platforms for trading and market analysis.
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cTrader. A platform designed for professional traders with an intuitive interface and tools for algorithmic trading.
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Mobile App. Manage accounts and trade on the go-through apps available for Android and iOS.
Opofinance by the numbers:
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200+ available financial instruments, including Forex, metals, stocks, and indices.
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Client support is available 24/5 in multiple languages.
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Four live accounts: Standard, ECN, Social Trade, and ECN Pro.
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The minimum deposit starts from $100 for the Standard account.
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Spreads start from 1.6 pips for the standard account and from 0.0 pips for the ECN account.
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Leverage is up to 1:2000.
Services offered by Opofinance:
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Currency pairs trading gives access to over 50 currency pairs with competitive spreads.
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Trading metals, stocks, and commodities gives the ability to diversify a portfolio with different asset classes.
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Educational materials including webinars, video tutorials, and trading guides to improve traders' skills.
Promotions and bonuses:
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Deposit bonuses.
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Loss rebates.
Advantages:
Passive income through an affiliate program is the opportunity to earn rewards by attracting new clients.
Trading platforms for PC and mobile devices offer flexibility and accessibility for traders.
Analytical data and market reports give regular updates and recommendations.
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