Introduction and Complete Review of the OpoFinance Broker

Positive Aspects of the Finance Broker

• Diverse deposit and withdrawal methods
• A wide range of tradable assets
• Adequate support in Persian
• Smooth and robust user interface
• Reasonable and competitive spreads
• 24/7 support

Negative Aspects of the Finance Broker

• Lack of educational content
• Newness and relatively low trust
• Limited variety in trading account types
• Regulation with an average level

About Opofinance Broker

Opo Forex, now known as Opofinance, has made a significant presence among established brokers despite being relatively new. This broker has managed to attract around ten thousand active users from various parts of the world.

One of the notable features of this broker is its support for copy trading, which allows individuals to follow the trading strategies of professional traders.

This feature is particularly useful for novice traders in the forex market, as it gives them the opportunity to benefit from the experiences and trading strategies of more experienced individuals and achieve profits.

However, it should be noted that profits and losses in financial markets are not entirely predictable, but it is possible to leverage the experiences of seasoned traders.

An important point about Opofinance is that the broker does not offer services to users from countries such as Canada, Australia, Japan, South Korea, and the United States, while users from Gulf Arab countries, including Iran, can benefit from its trading services.

Credibility and Security of Opofinance Broker

Opofinance, operating under the original company name OPO GROUP LTD, is recognized as a securities provider in Seychelles with official registration number 8430865-1 and is regulated by the Seychelles Financial Services Authority (FSA) under license number SD124. The company’s registered address is CT House, Office 9D, Providence, Mahe, Seychelles.

OPO GROUP is also a member of The Financial Commission, a global body dedicated to resolving disputes in the financial services industry, particularly in the forex market. This organization has offices in Hong Kong and London and plays a key role in protecting traders’ rights, providing insurance coverage of up to €20,000 per claim.

In addition, OPO GROUP LLC is regulated under an investment services license according to the Limited Liability Companies Act and Chapter 151 of the Revised Laws of Saint Vincent and the Grenadines with registration number 866LLC2021.

Review of Opofinance Trading Accounts

Opo Forex, operating under the brand name Opofinance, offers four types of diverse trading accounts. Here’s an analysis of each:

Standard Account:

• Minimum deposit required: $100
• Allows trading in various metals, commodities, CFDs, stocks, and cryptocurrencies
• Commission-free with spreads starting from 1.8 pips
• Leverage up to 1:500 and minimum trade size of 0.01 lots

Copy Trading Account:

• Minimum deposit required: $200
• Allows copying the strategies of professional traders
• Commission-free with spreads starting from 2.5 pips

ECN Account:

• Minimum deposit required: $100
• Spreads start from 0.8 pips
• Commission of $6 per trade

ECN Pro Account:

• Suitable for professional traders with a minimum deposit of $10,000
• Zero spread with a commission of $4 per trade

Islamic Account:

• Swap-free account, suitable for those interested in swap-free trading
• Copy Trading and ECN accounts available as swap-free options

Demo Account (Demo) at Opo Forex:

• Provides experience and risk-free training for novice traders.
• Available for Standard, ECN, and ECN Pro accounts.
• No need to deposit real funds.

Review of Symbols and Trading Platforms at Opofinance Broker

Opofinance offers a broad range of financial instruments, providing traders with diverse investment opportunities and exploration options:

Forex Pairs (35 pairs):

• This broker offers 35 different forex pairs, ranging from major pairs like EUR/USD to less common pairs like USD/TRY.

Precious Metals (7 types):

• Opofinance provides trading opportunities in 7 different metals, including gold and silver.

Energy (3 products):

• With 3 energy products offered by this broker, traders can engage in oil and gas markets.

Commodities (8 types):

• Opofinance offers 8 different commodity instruments for trading in agricultural markets.

Trading Indices (25 indices):

• With 25 available trading indices, traders can benefit from global market changes such as NASDAQ, S&P 500, and Nikkei 225.

Cryptocurrencies (over 65):

• Opofinance provides trading with leverage for over 65 cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin.

Each of these financial instrument categories offers diverse opportunities for traders to diversify their portfolios and add depth to their trading strategies.

Leverage at Opofinance Broker

Opofinance offers various leverage levels based on trading volumes, ranging from a maximum of 1:1000 to a minimum of 1:5 for cryptocurrencies. Here are the detailed leverage levels provided by Opofinance:

Leverage for Major Forex Pairs:

• For trading volumes from 0 to 5 lots: Up to 1:1000
• For trading volumes from 5 to 20 lots: Up to 1:500
• For trading volumes from 20 to 50 lots: Up to 1:200
• For trading volumes from 50 to 100 lots: Up to 1:100
• For trading volumes over 100 lots: Up to 1:25

Leverage for Minor Forex Pairs, Metals, and Other Instruments:

• For trading volumes from 0 to 5 lots: Up to 1:500
• For trading volumes from 5 to 30 lots: Up to 1:200
• For trading volumes from 30 to 50 lots: Up to 1:100
• For trading volumes over 100 lots: Up to 1:50

This range of leverage allows traders to choose according to their strategies and trading volumes.

Trading Platforms at Opofinance Broker

Opofinance, operating under the brand OPO GROUP LTD, utilizes three reputable trading platforms to provide its trading services: MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader.

These platforms are highly pOpolar in the forex and CFD industries due to their strong charting capabilities, technical indicators, and algorithmic trading features.

MetaTrader 4 (MT4):

• Developed by MetaQuotes, MT4 is known for its advanced and user-friendly features.
• It offers comprehensive tools for trading various financial instruments, including currency pairs, commodities, and indices.
• MT4 is renowned for its advanced charting capabilities and the ability to use Expert Advisors (EAs) for automated trading.

MetaTrader 5 (MT5):

• MT5 is a modern platform with an easy-to-use interface, real-time market information, and complete analytical tools.
• It is an ideal choice for traders who require access to advanced technology for trading in STP (Straight Through Processing) markets.

cTrader:

• Developed by Spotware, cTrader is an innovative and comprehensive trading platform designed for forex and CFD trading.
• It offers an intuitive user interface and advanced trading features, providing high speed and efficiency.
• cTrader emphasizes pricing transparency and algorithmic trading capabilities, making it a pOpolar choice among traders.

Each of these platforms offers unique features and advantages, catering to different trading needs and prefere.

Spreads and Commissions at Opofinance Broker

Opofinance sets different spreads for each of its trading accounts. In the Standard accounts, no commissions are applied to traders, a feature also present in their Copy Trading accounts. However, these accounts have relatively higher spreads, starting from 1.8 pips.

In the professional ECN accounts offered by Opo Forex, spreads start from 0.8 pips. For these types of accounts, a commission of $6 per traded lot is applied, which is suited to the professional standards for traders.

Registration and Verification at Opofinance Broker

To start with Opofinance, the first step is to register on the website. This process begins by clicking the “Create Account” button located at the top left of the homepage, which directs you to the registration page.

At this stage, you need to enter your information in English, including your date of birth, first and last name, country of residence, phone number, password, and other required details. It is important that the information is entered accurately, as it will be verified with documentation in the later stages of the verification process.

After entering your information, a PIN code will be sent to your email, which you must enter in the appropriate form to complete the registration process.

Once registration is completed, you will access your user panel and need to promptly go through the verification steps.

To log in to your Opofinance account, use the “Login” button on the homepage and enter your login details. If you forget your password, you can use the password recovery option.

The verification process includes accepting several important agreements, followed by phone number verification. Next, select your nationality and upload the required documents. It is important to provide clear and accurate photos. Then, take a selfie using the site’s camera and enter your exact address.

After completing these steps, you will need to wait for the review of your documents by Opofinance experts. If there are any issues or questions, you will be notified via ticket.

How to Use Opofinance

In the image above, we can see that the Opofinance broker’s user panel consists of several key sections that users should be familiar with. Here’s a breakdown of these sections:

• Top Left Section:

1. • Deposit, Withdrawal, and Transfer Buttons: Shortcut buttons for managing deposits, withdrawals, and transfers are located in this area.
   • Latest Forex News: Below these buttons, you will find the latest forex news and updates related to the brokerage.

• Center of the Page:

1. • Account Information: This section displays information about your trading account, including balance, open positions, and other account details.

• Main Menu (Top Right Corner):

1. • Account Management: Options for managing your user accounts.
   • Personal Details: Buttons to view and edit your personal information.
   • Credits Management: To view and manage credits or bonuses.
   • Economic Calendar: For tracking important economic events and market holidays.
   • Web Terminal Access: Direct access to the web trading terminal.
   • Download Platforms: Options to download trading platforms.
   • Promotional Offers: View available promotional offers and incentives.
   • Social Trading: Access to social trading features and other tools.

Each of these sections has a specific function designed to enhance the user’s experience and ensure effective management of trading activities. In the following, we will provide a more detailed review of each section and how to use them.

Review of Deposit and Withdrawal Methods at Opofinance Broker

At Opofinance Broker, you can deposit and withdraw funds using various methods. To deposit funds, follow these steps:

• Deposit with Cryptocurrency:

1. • Minimum Deposit: $10.
   • Supported Network: TRON (USDT TRC20).
   • Process: Enter the amount, follow the steps, and use the provided QR code for the transfer.

• Other Deposit Methods:

1. • AdvCash
   • FastPay
   • Asian Banks
   • Perfect Money
   • Top Change (TC Pay)
   • UnionPay

• Top Change for Rial Deposits:

1. • Minimum Deposit: None required.
   • Process: Transfer to the Top Change website for transactions.

• Supported Cryptocurrencies:

1. • BTC, EOS, ETH, DASH, XRP, BNB, LTC, XMR, and Tether (ERC20, TRC20, OMNI).

To withdraw funds from Opofinance:

1. Access your user panel.
2. Navigate to “Financial Resources / Payment Details” and enter the necessary information for the withdrawal.
   • Example: For transfers to Top Change, specify your dollar wallet address and follow the upload steps.

These diverse deposit and withdrawal options provide flexibility and convenience for traders, especially for Iranian users seeking Rial and cryptocurrency methods.

Support and Bonuses at Opofinance Broker

Opofinance demonstrates strong customer support performance. Based on user experiences and reviews, response times are typically under 30 seconds, reflecting the efficiency and high quality of their support team.

Users can access support through their user panel on the website:

• Creating a Ticket: Log into the user panel, go to the support section, and select “New Ticket” to submit queries or issues and receive responses.

Communication Methods with Opofinance Team:

• Website Language: The broker’s website is available in Persian, though some translations may resemble automated Google Translate results with minor errors.
• Support Availability: Available 24/7, including market holidays.
• Online Chat: The website offers an online chat option with a Persian-speaking operator if needed.
• Contact Page: Users can submit questions or requests via the “Contact Us” page on the website.
• Support Email: Support@Opoforex.com
• Direct Phone Number: +35724267200

Bonuses:

• Types: Cash and non-cash bonuses that are generally used for trading but not directly withdrawable.
• Usage: Bonuses are added to users’ accounts to facilitate trading, with profits from these bonuses being withdrawable.
• Notification: Bonus information is typically communicated via email and may also be displayed on the website’s main page.
• Viewing Bonuses: Check the “Promotional Offers” section in your user panel to view bonuses that may suit your specific conditions.

These bonuses allow users to enhance their trading experience and take advantage of additional trading opportunities.

Opofinance Broker Bonuses

At Opofinance broker, prizes and bonuses change periodically. For accurate information about them, please refer to the Promotions section in your account. Additionally, up-to-date notifications about prizes and bonuses will be sent to you via email.

If this section is empty, it means there are currently no active promotions. To learn about future promotions, it is recommended to contact the Opofinance support team.

Steps to Receive a Bonus from Opofinance

The step-by-step instructions to receive a bonus from Opofinance are:

1. Register with the broker.
2. Verify your identity.
3. Select your desired bonus.
4. Agree to the terms and conditions of the selected bonus.
5. Receive the bonus automatically in your account.

It is important to note that some bonuses may include additional instructions, in which case, details about receiving the bonus will be provided by Opofinance.

Opofinance Welcome Bonus

A welcome bonus (registration bonus) is a reward given to new users of brokers or trading platforms. This bonus is usually offered to those who have recently registered and made their first deposit. However, it is important to know that the welcome bonus is not currently available among Opofinance’s bonuses and is not offered to new users.

Latest Bonus Offered by Opofinance Broker

The Opofinance Nitro Bonus was one of the bonuses offered by Opofinance. This bonus was active during the period of Tir 1402 (July 2023) for one month. During this promotional campaign, traders who participated in the Opofinance Nitro Bonus could benefit from:

• Receiving a 40% bonus with a deposit of $200 in Opofinance copy trading.
• Reducing the minimum amount required to open an ECN-Pro account to $1500.
• Receiving a $1.5 cashback for each lot traded.
• Receiving a 40% deposit bonus up to $100.

Opofinance Prop Trading

Opofinance, a broker with a long history of providing trading services to Iranian clients, has recently expanded its services by adding prop trading in collaboration with the ForFex group. This new option allows professional traders to access the necessary capital to trade, participate in prop trading challenges successfully, and test their skills without risking their own capital.

ForFex, as a prominent company in the prop trading field, has introduced innovative strategies in this area. This company, in collaboration with Opofinance, provides the opportunity for Iranian traders to participate in prop trading challenges.

Opofinance allows users from around the world, including Iranians, to register on the site and use the prop trading plans.

By investing a minimum of $1000, you can enter the “FORFX Challenge” and, by earning the required points, receive up to $200,000 in capital as a dedicated trader.

Registration Process for Opofinance Prop Trading

To benefit from Opofinance’s prop trading service, first visit the Forfx.com website and click on the registration option to display the relevant form.

At this stage, enter details such as your first name, last name, contact number, and other requested information. Choose a username, then enter your country, first name, last name, email, contact number, and password, and click the Sign Up button to create your account.

After logging into the user panel, you will encounter a message indicating no active evaluations. By clicking on the provided link, you will be directed to a page where you first enter your exact address and then select your desired plan.

Rules for Opofinance Prop Trading

The rules for trading in Opofinance’s prop trading plans are very important, including:

• Depending on the type of plan selected, the minimum number of trading days required is between 5 and 9 days.
• 30 days to make the first trade after creating the plan.
• A maximum allowed drawdown of 5% based on the initial balance each day.
• You have the flexibility in choosing strategies and types of trades.

Final Words

OpoFinance has aimed to enter the market successfully by leveraging the positive features of other Forex brokers.

This broker offers a variety of trading accounts, reasonable spreads, and the option for deposits and withdrawals in Rial, along with a Persian-language website, providing notable advantages for its users.

However, aspects such as less experience in the market, less well-known regulation, and a relatively high minimum deposit might pose challenges for some traders.

The importance of a broker’s history and experience in the Forex world is well-recognized. Therefore, investors are advised to seek out more experienced brokers in the market for greater assurance.

You can search for a comprehensive list of Forex brokers through reputable links to have a wider range of options to choose from.