OpoFinance Review

OpoFinance is an FX/CFD brokerage brand which started operations in 2021. It provides service to more than 100,000 clients from three global offices, headquartered in Mahe, Seychelles. The OpoFinance brand is owned and operated by Opo Group Ltd.

I. Background and Company Overview of OpoFinance

OpoFinance offers traders one of the highest leverage conditions you can get in the market today. It is one of the few brokerage brands that has a virtual office in the Metaverse. Some of the features that continue to attract traders to OpoFinance are:

• There is an attractive crypto CFD trading product suite which allows traders to use leverage of up to 1:50 to trade.
• News traders will find the enhanced OpoFinance economic calendar to be an invaluable trading tool.
• Copy trading via the Opo Social Trade platform comes with spreads that are 30% lower than the conventional active trades.

II. Trading Platforms and Tools

The trading platforms on OpoFinance are:

• MT4
• MT5
• Opo Social Trade

The MT4 and MT5 platforms offer interactive charts and several order types to allow traders trade more than 300 instruments on the MetaTrader platform series. The platforms are available on OpoFinance as a desktop terminal, browser-based platform and a mobile app that is only available for Android users.

The Opo Social Trade platform is the copy trading portal on OpoFinance. You need to open a Social Trade account to gain access to this portal. The social trade concept is for newbie traders without experience to copy high-performance traders listed on the Social Trade portal. Experienced traders can also list their strategies for copying, and earn a secondary income from subscriptions paid by copiers.

Making the best of these platforms as a means of maximising your trading experience will require the use of some resources and tools provided by OpoFinance. Some of these are:

• A specially designed economic calendar that will feature premium features such as access to 115 FX charts that have been mapped to specific economic news data, complete with real-time key price levels.
• Actionable trading plans can be prepared on OpoFinance using the Technical Views tool. This tool uses proprietary pattern recognition technology to provide sample actionable trading plans based on its automated algorithms.
• Access award-winning investment insight using the weekly newsletter service. This newsletter features crypto trade ideas, trade ideas for stocks before the bell, market outlook for EU markets, US commodities and ETFs.

III. Account Types and Spreads

The account types on the OpoFinance portal are as follows:

• Standard
• ECN
• Social Trade
• ECN Pro

The Standard account comes with a $100 minimum deposit requirement and is a commission-free account. Spreads start from 1.8 pips.

The ECN account also comes with a $100 minimum deposit requirement. However, trades on this account not only attract low spreads of 0.8 pips, but attract commissions of $6 per standard lot in total.

The Social Trade account comes with a minimum deposit requirement of $200. This is a commission-free account that attracts spreads as low as 1.5 pips.

The ECN Pro account requires a minimum deposit of $5,000. This is the only account where spreads can be as low as 0.0 pips. Trades attract a commission of $4 per standard lot on the full turn of the trade.

IV. Contract Specifications

Here are the contract specifications on OpoFinance:

• There is no maximum limit to the deposits traders can make.
• Margin call and stop out levels on all accounts is set to 80% and 40%, respectively.
• All order executions are market-style.
• All accounts are denominated in US Dollars only.
• All accounts can be used on all the trading platforms.
• The maximum leverage on all accounts is 1:2000.

V. Security and Regulation

The OpoFinance brand is owned by the Opo Group, operating in several jurisdictions using different trading entities. The Opo Group is a member of the Financial Commission, an industry self-regulating agency.

In Seychelles which happens to be the operational headquarters of the brand, the OpoFinance brand is managed by Opo Group Ltd. The company is regulated as a Securities Dealer by the Financial Services Authority of Seychelles, with licence number SD124.

In St. Vincent & Grenadines, the managing entity of the brand is Opo Group LLC. The company is registered with number 866LLC2021 under the Provision of Investment Services, LLC act of the revised laws of the country. In this jurisdiction, there is no official regulation by a government agency.

Residents of Australia, Turkey, Canada, Japan and USA are unable to operate trading accounts with OpoFinance due to local regulatory restrictions. Residents and citizens of North Korea are also unable to trade with OpoFinance due to international sanctions.

VI. Customer Support and Education

You can access the customer support desk on OpoFinance using the following channels:

• Email: support@opofinance.com
• Phone: +447312763042
• Telegram: t.me/opofinancesupport
• Live chat

Conclusion

The standout products on OpoFinance are the uniquely designed economic calendar, and the option to use social trading to get a good start in the market with spreads ds that are 30% lower than the conventional average. If these features appeal to you, consider signing up with OpoFinance.