We introduce and review Opofinance broker (opoforex broker) on this page. opofinance broker is a newly established broker that has recently raised its name among Iranian traders and investors. Broker Oppo Finance, also known by some as the former name of Oppo Forex, has attracted a lot of attention due to its cooperation with the Fiboda copy trading site and system. To fully understand Oppo Finance, stay with us in the rest of the article.
| Broker name | Opofinance |
| Established year | 2021 |
| Spread rate | Relatively much |
| Central office | Cyprus |
| Regulation | Financial Commission |
| Copy trading account | Fiboda |
| Minimum deposit | $100 |
| The easiest way to deposit and withdraw | Riyal with Topchange, WebMoney, Perfect Money, Cryptocurrencies |
Cent Account
Spread Reduction Trick
Islamic Account
Permission To Trade Scalping
Oppo Forex broker is registered in Saint Vincent country. Of course, all newly established brokers have such a problem. On the first page of its website, Oppo Forex, perhaps due to psychological security pressures from the customers, has put the term regulated broker. Still, this broker does not have any regulation, but with the research done by the Dartina site, Oppo Forex is looking for rules. Of course, due to the membership of the Oppo broker in the Financial Commission, any complaint from the broker that is right with the customer will be insured and supported for up to twenty thousand euros. In any case, we hope that Oppo Finance can overcome the security challenges and get the support of the regulators.
The head office of Oppo Forex is located in Cyprus.
Oppo Finance Broker was established in 2021 and is considered a newly established broker. Brokers with less than five years of experience face the challenge of gaining customers’ trust, and judging the security of freshly established brokers is not an easy task at all. We hope that the Opofinance broker will be able to cope with this challenge until five years of experience.
| Profile / account name | Standard | ECN | ECN PRO | Copy-trade |
|---|---|---|---|---|
| Minimum deposit for opening | $100 | $100 | $10,000 | $200 |
| Maximum leverage | 1:500 | 1:500 | 1:500 | 1:500 |
| Spreads | Floating from 1.8 pips | Float from 0.8 pips | No spread | Float from 2.5 pips |
| Ability to trade currency pairs | Yes | Yes | Yes | Yes |
| Ability to trade stocks and indices | Yes | Yes | Yes | Yes |
| Possibility of digital currency trading | Yes | Yes | Yes | No |
| Commission | 0 | 6$ | 4$ | 0 |
| Permission to use Expert | Yes | Yes | Yes | - |
You can take advantage of 1:500 leverage in the standard Oppo Finance account. To open a standard Oppo Forex account, you need to top up your account with at least $100. In this account, the minimum spread starts from 1.8 pips, and no commission will be taken from the trader.
This account is opened like a standard account with a minimum deposit of $100. ECN account spread in Oppo Finance broker starts from 0.8 pips and floats. The spread of this account is lower than the standard account, but a $6 commission per lot will be deducted from the trader’s transactions.
Including a lower spread in Oppo Finance, the ECN account would have been better.
In this account, no spread is taken from the trader, and the spread of this account is entirely zero. The commission for this account is also only $4 per lot. This account looks economical and excellent, but to open an ECN Pro account, you need to deposit at least $10,000 to your Opofinance account.
We have to introduce this account as the most famous account in Opofinance. Perhaps the reason for the popularity and fame of Opofinance broker is because of the features of this account. Opofinance’s copy trade account, which is opened with a minimum deposit of $200, can connect to the copy trading system of the Fiboda site.
This account is the connection bridge of Iranian traders with the Fiboda site, where many of the most professional traders in the world of forex trade. Investors can copy and apply the transactions of the most experienced forex traders in their accounts using Fiboda accounts. In the rest of this article, more about this feature of the Oppo broker is explained.
If you want to use an Islamic account or those accounts where you don’t need to pay for overnight swaps, Opofinance broker has also provided you with this feature. Some versions of this broker are swap-free or without trade.
If you register in Oppo Finance to trade yourself, you can open a standard or ECN account with a minimum amount of 100 dollars, and if you have entered Oppo Forex, use the Fiboda copy trade system. You need to top up your account with at least $200.
Several different ways of depositing and withdrawing have been defined in Opofinance, and perhaps the most convenient way to transfer money in this broker is the Riyal method through the Top Change exchange. With digital money transfer services such as Webmoney, Perfect Money, etc., you can also make financial transactions with this broker. With some digital currencies, you can also deposit and withdraw in OppoForex, which shows that the Oppo broker has not fallen behind in the development of diversity in money transfers and has introduced itself as an up-to-date broker. Carrying out financial transactions in the broker Oppo Finance may not be committed.
Like other brokers, you must register and confirm your email address and mobile number in the Oppo Finance broker. To have full access to all the brokerage facilities of Oppo Finance, you must send the image of one of your identification documents to the broker and record a picture of your face through your phone or laptop and send it to the broker. Finally, it is necessary. You should also send one of the proofs of your residential address to Oppo Finance.
The documents approved by the broker for the residential address can include the following:
Bank account circulation that has a date and address confirmation stamp, AVS.IR site confirmation, property document or vehicle with a tracking code, vehicle green leaf, insurance policy with an address, logo, and date, and any government document named You and the address of residence in it.
Note: The photos must be taken with a mobile phone camera and not scanned
Note: none of the above documents are available in your name; you can upload the documents with your father’s or mother’s name.
You can trade all common currency pairs in the forex market, the energy market such as oil, CFD stock market, CFD index market, and many digital currencies at Opofinance Broker. The variety of needs in Oppo Forex is one of the advantages of this broker.
Both MetaTrader 4 and MetaTrader 5 trading platforms are active in the Oppo Finance broker. Although most traders are more comfortable with MetaTrader 4, it is suggested to use MetaTrader 5 software because restrictive measures have been taken against MetaTrader 4, and the policy is that MetaTrader 5 will completely replace MetaTrader 4 in the future. You can download MetaTrader 5 and MetaTrader 4 through the links below.
Oppo Finance broker does not have an internal copy trading system, but it can connect to the site, one of the most muscular copy trading systems. The Fiboda site supports Opofinance brokers, and Opo broker traders can easily connect to Fiboda’s powerful copy trading system and enjoy copying the trades of professional traders!
Using the Fiboda copy trading account provides the ability to earn money for newbies or investors and even those with no experience in the forex market. In a separate article, we have discussed Fiboda copy trading and how to use it in detail.
We will guide you and introduce the best accounts suitable for your understanding regarding which traders are better to connect to from the Fiboda site.
Click on the button below to get complete information about Fiboda copy trading, learn how to work with this system, and use free consulting services.
