Recently in 2021, Opoforex, an online trading broker, was launched to provide traders with seamless access to over 300 financial markets, including forex, spot metals, spot energies, CFD shares, cryptocurrencies, and more. The broker provides traders with an in-house-developed trading platform that is designed with advanced trading technologies and tools. Traders benefit from fantastic trading conditions, such as zero commissions, multiple account options, leverage of up to 1:500, and more. The minimum deposit required to start trading is $100.
Opoforex Review Introduction
In this Opoforex review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers, including Opoforex.
Opoforex Platforms & Tools
The broker provides traders with the MT4 and Fiboda trading platforms.
The MT4 is an advanced trading platform that was launched in 2005 to enable users to trade the global financial markets with ease. Since its launch in 2005, the MT4 trading platform has grown to become the choicest trading platform among forex and CFD traders. It features a plethora of helpful trading tools — charts, expert advisors, one-click trading, and more — to give traders an enhanced trading experience. The MT4 trading platform is available in desktop, web, and mobile versions.
Like the MT4, the Fiboda trading platform is available in desktop, web, and mobile versions. It is a proprietary trading platform that is designed explicitly for cutting-edge trading, currency data, and analytics. In addition, the platform is replete with advanced trading tools, such as an extensive range of leading-edge indicators and drawing tools.
Opoforex Research & Education
There is a Trading Academy on the broker’s website. The academy features a blog to help traders learn how to make the best trading decisions at all times.
Opoforex Trading Accounts
Traders are allowed the account types that best suits their trading objectives from a choice of four live trading accounts, namely: Standard ($100), ECN ($100), Copy Trade ($200), and ECN-PRO ($10,000) accounts. The broker offers a demo account option to help traders to get acquainted with the broker’s platform risk-free with virtual funds.
Opoforex Account Funding
The following payment methods are accepted at Opoforex for both account deposits and withdrawals: bank transfers, credit/debit cards, and some electronic payment gateways, such as Neteller, Skrill, and more.
Opoforex Customer Service
Opoforex offers a knowledgeable client support team that is polite and prompt in response. The support team is available 24/7 and can be reached via telephone, email, and Live Chat, online ‘Get in Touch” form and social media.
Opoforex is authorized in Saint Vincent and the Grenadines under the provision of investment services with registration number: 866LLC202. But there is no regulatory information on the broker’s website, which is often discouraging to traders looking to open a live trading account with the broker.
Opoforex Review Summary
Based in Saint Vincent and the Grenadines, Opoforex is an online brokerage firm that is bent on offering unhindered access to the global financial markets using advanced trading platforms — MT4 and Fiboda trading platforms. Their clients benefit from various favorable trading conditions. The minimum deposit required to start trading is $100. However, there is no regulatory information on the broker’s website.
It is worth mentioning that some of the trading products and services in this Opoforex review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the Opoforex broker website, which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.