Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Opofinance Pros & Cons
- 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.
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).
TU Expert Verdict
Opofinance demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.
Top-5 Brokers Traders Prefer
Opofinance User Reviews
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5-star
33%
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4-star
11%
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3-star
56%
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2-star
0%
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1-star
0%
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria4 /10The trading and non-trading commissions of Opofinance have been analyzed and rated as having High fees, with a fees score of 4/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, 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 OANDA FOREX.com EUR/USD min, pips 1.8 0.1 0.7 EUR/USD max, pips 2.6 0.5 1.2 GPB/USD min, pips 2.2 0.1 0.9 GPB/USD max, pips 3.2 0.5 1.4 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 OANDA FOREX.com Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 4.0 3.5 5 EUR/USD avg spread 0.2 0.15 0.2 GBP/USD avg spread 0.4 0.2 0.4 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 OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0-2.5 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0-2 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 3-5 0-15 0 Inactivity fee ($, per month) 0 0 15 -
Is Opofinance Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria8.6 /10Opofinance 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
Full Name Australian Securities and Investments Commission Country of regulation Australia Investor Protection Fund No specific fund but has stringent consumer protection Regulation Level Tier-1 FSA (Seychelles)
Full Name Financial Services Authority of Seychelles Country of regulation Seychelles Investor Protection Fund No specific fund Regulation Level Tier-3 SVG FSA
Full Name Financial Services Authority of St. Vincent and the Grenadines Country of regulation St. Vincent and the Grenadines Investor Protection Fund No specific fund Regulation Level Tier-3 The Financial Commission
Full Name The Financial Commission Country of regulation International Investor Protection Fund Up to €20,000 Regulation Level Tier-3 Opofinance Security Factors Foundation date - Negative balance protection YesVerification (KYC) Yes -
Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.8.1 /10Opofinance offers the following account options: Standard, ECN/Raw spread.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Low minimum deposit
- Standard account with balanced trading conditions
- Tight spread ECN account
- No Cent account
- No Swap Free account
Opofinance account types vs top competitors Opofinance Plus500 Trading.com Standard YesYesYesECN/Raw spread YesNoNoDemo NoYesYesCent NoNoNoMicro NoNoNoSwap Free NoNoNoVIP NoNoNoManaged NoNoNoOpofinance accounts trading conditions
The Opofinance website features four live accounts, each offering different conditions:
Account Type Description Standard Account Spreads start from 1.6 pips.
The minimum deposit: is $100.
Leverage is up to 1:2000.
Platforms available are MT4 and MT5.ECN Account Spreads are from 0.0 pips.
The commission is $6 per lot.
Minimum deposit is $1,000.
Leverage is up to 1:500.
Platforms available are MT4 and MT5.Social Trade Account Spreads are from 2.2 pips.
Copy trading is available.
Minimum deposit is $300.
Leverage is up to 1:1000.
The trading platform available is Opo Social Trade.ECN Pro Account Spreads are from 0.0 pips.
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.
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology5 /10Opofinance received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
Opofinance provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Minimum deposit below industry average
- Low minimum withdrawal requirement
- Bank card deposits and withdrawals
- Bank wire transfers available
- Withdrawal fee applies
- Deposit fee applies
- USDT payments not accepted
What are Opofinance deposit and withdrawal options?
Opofinance provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire.
Opofinance Deposit and Withdrawal Methods vs Competitors Opofinance Plus500 Trading.com Bank Wire YesYesYesBank card YesYesYesPayPal NoYesNoWise NoNoNoBTC NoNoNoWhat are Opofinance base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. Opofinance supports the following base account currencies: USD, EUR.
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.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria6.3 /10Opofinance 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.
- Copy trading platform
- Indices trading
- Crypto trading
- Bonds not available
- No ETFs
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 Trading.com Currency pairs 30 60 69 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 1300 2800 69 Stocks YesYesNoCommodity futures YesYesNoCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. YesYesNoStock indices YesYesNoOptions NoYesNoInvestment 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 Trading.com Bonds NoNoNoETFs NoYesNoCopy trading YesNoNoPAMM investing NoNoNoManaged accounts NoNoNo -
Trading Account Opening
Score:We evaluated Trading Account Opening at Opofinance by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.8 /10We successfully registered an account with Opofinance in 20 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at Opofinance is $100. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Fully online account opening process
- Low minimum deposit requirement
- Registration process may take longer than expected
- Account approval may require extra time depending on the documentation.
Opofinance account opening Opofinance Plus500 Trading.com Online Registration YesYesYesMinimum deposit $100 $100 $50 Mandatory KYC YesYesYesRegistration time (min) 20 20 KYC time (days) 2 3 2 Is Opofinance available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
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.
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Customer Support
Score:We evaluated Customer Support at Opofinance by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria1.5 /10Opofinance demonstrates a low level of customer support reliability. Contacting support can be difficult, and responses may be significantly delayed or incomplete.
During testing, managers were slow to respond or failed to provide sufficient assistance. Such a support level may create risks for traders who require timely issue resolution.
InformationOpofinance provides client support on 24/5, except on national holidays. Support is available through several communication channels.
- Support is available in several languages.
- The company offers a call center for clients.
- 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:
- 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 support@opofinance.com +357 22 008839
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FAQs
How do Opofinance commissions and fees compare and what costs are highlighted in reviews?
The review notes that Opofinance has generally high overall fees, with a fees score of 4/10, despite offering tight EUR/USD spreads and no inactivity fee. Standard account EUR/USD spreads are listed between 1.8–2.6 pips, while ECN/RAW accounts show an average EUR/USD spread of 0.2 pips plus a $4 commission per lot, and non-trading fees include deposit charges of 0–2.5% and withdrawal fees of 0–2% or $3–5.
What types of trading accounts does Opofinance offer and how do their conditions differ?
According to the review, Opofinance offers Standard, ECN, Social Trade, and ECN Pro live accounts, but does not provide Cent, Micro, Swap Free, VIP, managed, or demo accounts. The Standard account starts from 1.6-pip spreads with a $100 minimum deposit and leverage up to 1:2000, while ECN and ECN Pro accounts have spreads from 0.0 pips with a $6 commission per lot, higher minimum deposits ($1,000 and $5,000), and leverage up to 1:500.
What do Opofinance user reviews and feedback say about overall satisfaction?
Based on available user reviews, Opofinance has a user satisfaction score of 7.6/10 from 9 reviews, with 33% 5-star, 11% 4-star, and 56% 3-star ratings, and no 1- or 2-star ratings. The review describes overall user sentiment as mixed rather than clearly positive or negative.
What markets and tradable assets are available with Opofinance according to reviews?
The review states that Opofinance offers around 1,300 total assets, including 30 Forex currency pairs, stocks, commodity futures, cryptocurrencies, and stock indices, but no options, bonds, or ETFs. It also notes that copy trading is available, while PAMM investing and managed accounts are not offered.
What does the review say about Opofinance customer support and service reliability?
The customer support section rates Opofinance with a low safety score of 1.5/10, noting that reaching support can be difficult and responses may be slow or incomplete. While support is available 24/5 in several languages via hotline, email, feedback form, and office visits, the review highlights that online support is limited and office visits are by appointment only.
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