OpoForex Review 2022

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

InstrumentsForex, commodities, cryptocurrencies, stocks, indices
Demo AccountYes
Min. Deposit$100
Payment Methods
Min. Trade0.01
Regulated ByFINACOM
MetaTrader 4Yes
MetaTrader 5No
STP AccountNo
ECN AccountYes
DMA AccountYes
MAM AccountNo
PAMM AccountNo
LAMM AccountNo
Demat AccountNo
Mobile AppsiOS & Android
Margin TradingYes
Volatility IndexNo
Spot TradingYes
Perpetual SwapsNo
AI / Machine LearningNo
Robo AdvisorNo
P2P TradingNo
Negative Balance ProtectionNo
VPS HostingNo
Demo CompetitionsNo
Market MakerNo
Auto TradingYes (EAs)
Social TradingYes
Copy TradingYes
Trade SignalsMT4
Islamic AccountNo
Account Currencies
  • USD
Stock Exchanges
  • FTSE UK Index
  • New York Stock Exchange
  • Gold
  • Oil
  • Silver
CFD TradingOpoForex offers leveraged CFDs on stocks, indices and commodities.
CFD FTSE SpreadVariable
CFD GBPUSD SpreadVariable
CFD Oil SpreadVariable
CFD Stocks SpreadVariable
CFD Leverage1:1000
Forex TradingOpoForex offers 35+ spot currency pairs, covering all majors and top minors.
Forex GBPUSD SpreadVariable
Forex EURUSD SpreadVariable
Forex EURGBP SpreadVariable
Forex Assets35+
Crypto TradingOpoForex offers trading on crypto/spot currency pairs, including BTC/USD.
Crypto SpreadVariable
Crypto LendingNo
Crypto MiningNo
Crypto Auto Market MakerNo
Crypto Coins
  • BCH
  • BTC
  • ETH
  • LTC
  • XRP
Risk Warning – Your capital is at risk

OpoForex is an offshore broker offering multi-asset trading. It provides DMA and ECN services, as well as copy trading opportunities. Our broker review will cover minimum deposit requirements, the sign-up and login process, live spreads, account types, and more. Find out whether to start trading with OpoForex today.

OpoForex Headlines

OpoForex is a financial services provider offering global trading services. It operates under the name ‘Opo Group LLC’ and was established in 2021, with offices in Kingston, Saint Vincent and the Grenadines. The company offers 300+ instruments and has more than 8,000 active users.

The brokerage aims to provide traders with a stable investment foundation paired with innovative trading features. Unfortunately, OpoForex is not regulated by a reputable financial regulator.


Clients are provided with the MetaTrader 4 (MT4) trading platform. MT4 is compatible with all major web browsers and can be downloaded to desktop, mobile, and tablet devices. Features include:

Note, OpoForex does not offer MetaTrader 5.


Clients are offered investment opportunities in popular financial markets:


Fees and commission vary by account type. There are no commission fees with the Standard and Copy accounts, however, relatively high spreads are charged, starting at 1.8 pips on the Standard solution and 2.5 pips on the Copy Trade account. The ECN account offers the tightest spreads, starting at 0.8 pips, though a $6 commission per trade is also charged.

Unfortunately the broker provides limited information on additional fees, such as inactivity charges. With that said, swap-free allowance days are offered on forex and precious metal trades.

OpoForex Trading platform
MetaTrader 4


Leverage varies by asset and volume. The broker withholds the right to change margin ratios on customer accounts deemed a significant risk. Clients are offered margin opportunities of up to 1:1000 on major forex pairs for 0-5 lots trading volume. On a volume of 100+ lots, 1:25 leverage is available.

Keep in mind that leverage can amplify losses.

Major Forex Pairs

Minor & Exotic Forex Pairs, Spot Metals, Spot Energies & Indices

Mobile Trading

MetaTrader 4 is also available as a mobile application. The app is free to download and is compatible with iOS and Android (APK) devices. The mobile solutions allow users to access the full trading features provided on the desktop platform, including analytical tools, plus customisable charts and graphs.

Other features include:



Minimum deposit requirements start at $100 on the Standard and ECN accounts. The broker does not disclose any fees charged for deposits, however, third-party charges may apply.

Traders can use bank wire transfers, credit/debit cards and e-wallets, including Skrill and Neteller, to fund accounts. Unfortunately, there is limited information on processing times for live accounts, though digital payments are often instant.


Withdrawals can be made free of charge. Those submitted before 10 am will be processed within the same working day, though clearing times may vary by method.

In line with anti-money laundering (AML) policies, withdrawals must be made back to the original payment method. And, clients may not request or receive a withdrawal until know-your-customer (KYC) compliance documents are provided, which include proof of residency.

Note, there are many negative reviews of previous difficulties getting the broker to pay-out entitled funds. Of course, some complaints may come from clients who did not complete verification checks before requesting a withdrawal.

Demo Account

OpoForex offers a free demo account. This is a good way to practise trading, navigate platform features, or test a forex strategy risk-free. Once signed up, traders can access virtual funds and experience real-time trading conditions and prices.

The broker provides Standard, ECN and ECN PRO as demo formats. And just a simple online registration form is required to open a paper trading account.

Deals & Promotions

At the time of writing, OpoForex did not offer any promotions or bonuses to retail clients. This included no deposit bonuses or other sign-up offers.

It is not uncommon to see enticing financial incentives used by brokers with limited regulatory guidance, but always read the terms and conditions before you opt-in to an offer. For example, upon reviewing previous incentives used by OpoForex, we found generous welcome bonuses offered to new clients. Yet when reading the conditions, the broker states they reserve the right to alter any aspect of the Trading Benefit Scheme at any time. This includes the minimum trade volume requirement to be eligible to withdraw profits.

OpoForex Regulation

Opo Group LLC is a member of The Financial Commission (FINACOM). This is not a governmental body – it is an independent organisation that maintains a register of financial services organisations. As a result, limited regulatory protection is afforded to active clients. And importantly, we always recommend opening an account with a broker that is regulated by a recognised authority, such as the FCA, CySEC or ASIC.

Despite the limited oversight, FINACOM does provide a compensation fund of up to €20,000. Plus, a dispute resolution service is available through the FINACOM website, promising an average dispute resolution time of 7 days. Client funds are also held in segregated accounts.

Additional Features

OpoForex does have a link to an online trade academy, suitable for beginners and advanced investors. However, this service was unavailable at the time of the review. This sets the company below most of the top brokers in the market, many of which offer reliable training materials.

Copy trading is one attractive feature for clients. Their social investing platform allows users to implement strategies executed by seasoned investors. Benefits include rapid access to major financial markets with limited experience and the ability to diversify portfolios.

Live Accounts

Retail clients have access to four account options. Whilst asset access varies by account, all options provide the MetaTrader terminal. Minimum deposit requirements start from 100 USD. Below are the main features broken down by account type.


Instruments: forex, spot metals, spot commodities, CFDs on indices, US shares, EU shares and cryptocurrencies.


Instruments: forex and spot commodities, CFDs on indices and cryptocurrencies

Copy Trade

Instruments: spot metals and spot commodities, CFDs on indices


All instruments

Account registration takes a matter of minutes, however, you may need to provide documents to verify your identity to comply with AML policies.

Trading Account Types



Opening Hours

The platform operates in a GMT +3 time zone. Asset trading times are posted on the broker’s website, plus upcoming closure dates, such as public holidays. Forex typically trades 24/5 while stocks reflect their respective exchange’s opening times.

Customer Support

OpoForex offers 24/7 customer service via:

Note, there is no FAQ portal for a quick resolution to simple issues.


The members area is password-protected and all personal data between client terminals and the platform is encrypted. OpoForex claims to comply with national laws on the security and privacy of data, funds, investments and transactions. However, given that the company is based in the Caribbean, it’s unlikely that these laws will be as stringent as other jurisdictions.

The MetaTrader terminals are renowned for secure login features, industry-standard data privacy, and integrated dual-factor authentication options.

OpoForex Verdict

OpoForex is an unregulated broker, which is something we recommend avoiding where possible. Many global brokers offer more reliable trading products. Despite this, there are some OpoForex positives. In particular, the copy trading terminal, 24-hour customer service and the free demo account. Overall though, we’d recommend alternative providers.

Accepted Countries

OpoForex accepts traders from Thailand, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use OpoForex from Australia, Canada, Japan, Korea, United States.

Compare OpoForex

Compare OpoForex with similar brokers that accept traders from your location. Among available brokers these are the most similar to OpoForex:

  1. InstaForex – InstaForex is a CFD broker providing access to forex, stocks, cryptocurrencies, commodities, and energy, as well as stock indices. With competitive fees and a huge range of available assets, the brand offers safe and reliable trading.
  2. eToro – eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs. eToro USA LLC does not offer CFDs, only real crypto assets available.
  3. AAAFx – AAAFx offers CFD trading in forex, commodities, indices and cryptocurrencies.
  4. IG Group – IG-US offer spread betting, CFD and Forex trading across a range of markets. They are FCA regulated, boast a great trading app and have over 47 year track record of excellence.

OpoForex Comparison Table

Compare OpoForex With Similar Brokers
OpoForex InstaForex eToro AAAFx IG Group
Rating 4.7 4.4
Markets Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto
Demo Account Yes Yes Yes Yes Yes
Minimum Deposit $100 €200 to €50,000 (depending on account type) $10 $10 £250
Minimum Trade 0.01 0.01 Lots $10 0.01 lots 0.1 lots
Bonus None 100% Deposit Bonus available for Global clients
Education No Yes No Yes
Platforms MT4 MT4, MT5 MT4, MT5 MT4
Leverage 1:1000 1:30 for retail clients, 1:500 for professional 1:30 EU 1:30 EU, 1:500 Global 1:30
Payment Methods 5 10 14 8 6
Detailed Comparison OpoForex vs InstaForex OpoForex vs eToro OpoForex vs AAAFx OpoForex vs IG Group
Review OpoForex
IG Group

Compare Trading Instruments

Compare OpoForex Trading Instruments
OpoForex InstaForex eToro AAAFx IG Group
CFD Yes Yes Yes Yes Yes
Forex Yes Yes Yes Yes Yes
Stocks Yes Yes Yes Yes Yes
Commodities Yes Yes Yes Yes Yes
Oil Yes Yes Yes No Yes
Gold Yes Yes Yes Yes Yes
Copper No No Yes No Yes
Silver Yes Yes Yes No Yes
Corn No No Yes No No
Crypto Yes Yes Yes Yes Yes
Futures No No No No Yes
Options No No No No Yes
ETFs No Yes Yes No Yes
Bonds No No No Yes
Warrants No No No No
Spreadbetting No No No No Yes
Volatility Index No No Yes No Yes

OpoForex vs Other Brokers

Compare OpoForex with any other broker by selecting the other broker below.

OpoForex vs


Is OpoForex Regulated?

No, OpoForex is an offshore, unregulated trading broker. Be cautious when investing personal capital with unlicensed providers as recourse options may be limited.

Does OpoForex Have A Mobile Trading App?

OpoForex does not have a proprietary mobile investing application. However, MetaTrader 4 can be downloaded for free and offers all the same features as the desktop terminal.

What Trading Platforms Does OpoForex Offer?

OpoForex uses the globally recognised MetaTrader 4 (MT4). This terminal has advanced features, including customisable charts, technical indicators and live financial news. It’s a great option for beginners and experienced investors.

Does OpoForex Offer A Demo Account?

Yes, OpoForex has a free demo account. Paper trading accounts are a good way to test out a new broker or platform. Users can access virtual funds and experience real-time trading conditions and prices.

What Are The Minimum Deposit Requirements To Trade With OpoForex?

The minimum deposit at OpoForex is $100 for the Standard and ECN accounts. This is in line with competitors, though beginners may want to opt for a brokerage with a lower deposit requirement.

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