Opofinance Spreads, leverage, minimum deposit Revealed

Opofinance Information

　　Opofinance was started in 2022 and is based in Seychelles. It is regulated by the Seychelles FSA under an offshore FX license. It has more than 350 trading tools from across the world, works with a number of platforms like MT4, MT5, cTrader, and OpoTrade, and has accounts for both new and experienced traders.

Pros and Cons

Is Opofinance Legit?

What Can I Trade on Opofinance?

　　Opofinance offers access to over 350 trading instruments, including forex, metals, commodities, stocks, indices, and cryptocurrencies, providing a wide range of global market opportunities.

Account Type

　　Opofinance offers a wide range of live account types across MetaTrader, cTrader, and Optotrade platforms, designed to suit beginners, experienced traders, social traders, prop traders, and VIP clients. There is no mention of demo or Islamic (swap-free) accounts.

Leverage

　　Depending on the type of account, Opofinance offers leverage of up to 1:2000. This lets traders handle big holdings with only a modest amount of money. However, excessive leverage can also increase the chance of big losses, even as it can also boost the possible gains.

Opofinance Fees

　　In general, Opofinance's fees are in line with what other companies in the same field charge. Their ECN and ECN Pro accounts have spreads as low as 0 pips, however they charge commissions of $4 to $6. Their Standard account has bigger spreads but no commission.

　　Non-Trading Fees

Trading Platform

Deposit and Withdrawal

　　There are no hidden fees for deposits with Opofinance, and there are no deposit fees. The minimum deposit is as low as $1, depending on how you do it. You need to verify your account before you can make a withdrawal, and it happens swiftly. However, some methods charge minor fixed fees or fees based on a percentage.

　　Deposit Options

　　Withdrawal Options