OpoForex Review 2021

OpoForex is an offshore forex and CFD broker, offering copy trading services and the MT4 platform.

OpoForex is broker that offers traders Forex, commodities, cryptocurrencies, stocks, indices. OpoForex allows traders to use the MetaTrader4 trading platform, but unfortunately not MetaTrader5 at this point.

In terms of features offered to traders, OpoForex has Demo Accounts, Social Trading, Signals and Auto Trading but is missing Islamic Accounts.

OpoForex also gives traders access to 5 cryptocurrencies: BTC, ETH, LTC, XRP and BCH.

OpoForex is regulated, but not by the FCA here in the UK. While this is not necessarily an issue, very careful traders might want the extra safety of using an FCA-regulated broker.

OpoForex Summary

OpoForex is an offshore forex and CFD broker, offering copy trading services and the MT4 platform.

Ratings

30%
Trust
66%
Instruments
71%
Features
BonusNone
InstrumentsForex, commodities, cryptocurrencies, stocks, indices
Demo Account
Min. Deposit$100
Min. Trade0.01
Regulated ByFINACOM
MetaTrader 4
MetaTrader 5
cTrader
DMA Account
ECN Account
Mobile Apps iOS & Android
Auto Trading Yes (EAs)
Trade Signals MT4
Social Trading
Copy Trading
Islamic Account

CFD Trading

OpoForex offers leveraged CFDs on stocks, indices and commodities.

Leverage1:1000
FTSE SpreadVariable
GBPUSD SpreadVariable
Oil SpreadVariable
Stocks SpreadVariable

Forex Trading

OpoForex offers 35+ spot currency pairs, covering all majors and top minors.

GBPUSD SpreadVariable
EURUSD SpreadVariable
EURGBP SpreadVariable
Assets35+

Cryptocurrency Trading

OpoForex offers trading on crypto/spot currency pairs, including BTC/USD.

SpreadVariable
CoinsBTC, ETH, LTC, XRP, BCH

Payment Methods

OpoForex accepts the following payment methods:

  • Skrill
  • Neteller
  • Credit Card
  • Debit Card
  • Wire Transfer
Risk Warning – Your capital is at risk

FAQ

Is OpoForex Safe?

In our review we gave OpoForex a low trust score of 30%, which means that traders should try things out before they deposit any larger amounts. One of the main negative factors in this low score is that OpoForex is not FCA regulated. Extra careful traders might want to find an alternative in our top list of UK brokers.

Does OpoForex Accept PayPal?

No, OpoForex does not accept PayPal payments.

Is OpoForex Halal?

Probably not, as OpoForex does not offer an Islamic trading account as far as we know. For alternatives, please see the list of halal brokers.

What trading platforms does OpoForex support?

OpoForex only supports the MetaTrader 4 trading platform at this time.

Is OpoForex Regulated?

Yes, OpoForex is regulated by FINACOM.

The fact that OpoForex is not regulated by our own FCA will be a concern to the most careful traders. See our list of FCA regulated brokers for alternatives.

OpoForex vs Other Brokers

If you want to compare OpoForex with other brokers, use the detailed comparisons below.

OpoForex vs
OpoForex is an offshore forex and CFD broker, offering copy trading services and the MT4 platform.