Opofinane – legit or scam?

  • This topic has 2 replies, 1 voice, and was last updated 1 week ago by Carla D.
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  • #183405 Reply
    Carla D

      I’m looking for some information about Opofinance, specifically around whether they are a legit trading company. They say they are regulated on their website but I can’t find much information about them online. Can I trust them?

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      • #183412 Reply
        James Barra
        Moderator
          DayTrading.com Team

          Hi Carla,

          We’ve evaluated Opofinance and recommend caution. It’s registered offshore with the Financial Services Authority (FSA) of Seychelles. This is a ‘red tier’ regulator in line with our Regulation & Trust rating and means you may not get robust regulatory protections.

          It’s also not well known compared to large, trusted brokers that have millions of clients globally, which is a significant drawback in our view.

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          • #183420 Reply
            Carla D

              Ok thanks. It does say on their website they are members of the financial commission and give up to 20,000 euros in insurance per investor. Is that not the kind of safety system top tier regulators use?

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