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OpoFinance Review
OpoFinance is a Seychelles based forex and CFD broker that used to trade as Opoforex before a watchdog site flagged it for unlicensed activity.
Min Deposit
$200
Spreads From
0 pips on ECN Plus, plus commission
Max Leverage
1:2000 (offshore Seychelles entity only)
Platforms
MetaTrader 4, MetaTrader 5
Pros
- Holds licenses from Seychelles FSA, South African FSCA, and ASIC
- Supports MetaTrader 4, MetaTrader 5, cTrader, and TradingView
- Charges no extra fee on deposits or withdrawals from its own side
- Spreads start from 0 pips on the ECN Plus trading account
- Gives access to more than 300 tradable CFD instruments
Cons
- FinTelegram gave it a Red Compliance rating in 2022 for trading with no license
- Its ASIC entry only allows general advice, not real dealing with clients
- Top leverage of 1:2000 comes only from its offshore Seychelles license
- Traded before as Opoforex, a name tied to unlicensed activity claims
- The Financial Commission denied that its cover claim was true
- Some WikiFX users report forced margin calls and payout delays
OpoFinance started trading in 2021 under the name Opoforex. In 2022, the watchdog site FinTelegram placed it on a Red Compliance list. FinTelegram said the firm sold CFDs across Europe with no valid license anywhere. Soon after, the brand changed its name to OpoFinance.
The broker now offers forex, metals, stocks, indices, and crypto CFDs through MetaTrader 4, MetaTrader 5, cTrader, and TradingView. A Standard or ECN account needs $200 to open, while the ECN Plus tier needs $5,000. Leverage can reach 1:2000, but only through its offshore Seychelles entity, well above limits allowed in the UK or EU.
OpoFinance now holds a Seychelles FSA dealer license, a 2025 license from the South African FSCA, and an ASIC entry in Australia. That ASIC record only covers general advice, not real trading services. OpoFinance also claims that Financial Commission membership insures client funds up to 20,000 euros, a claim the Commission itself told FinTelegram was not true.
Min. Deposit
USD 200
Max Leverage
1:2000 (offshore Seychelles entity only)
Spreads From
0 pips on ECN Plus, plus commission
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
