FXOPAL Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-19 15:53

Abstract：FXOPAL is an unregulated trading platform. It provides trading on currency pairs, metals, CFDs, stocks, and cryptocurrencies with leverage up to 1:1000 and spread from 1.5 pips on the Basic account via the MT5 platform. Demo accounts are available and the minimum deposit requirement to open a live account is $100.

　　Note: FXOPAL' official website: https://fxopal.com/ is currently inaccessible normally.

FXOPAL Review Summary
Founded	2020
Registered Country/Region	Saint Vincent and the Grenadines
Regulation	Unregulated
Market Instruments	36 currency pairs, Metals, CFD, Stocks, Cryptocurrencies
Demo Account	✅
Leverage	Up to 1:1000
Spread	From 1.5 pips (Basic account)
Trading Platform	MT5
Min Deposit	$100
Customer Support	Phone: +90 850 484 0088
	Email: info@fxopal.com
	Address: Suite 305, Griffith Corporate Centre, Kingstown, St. Vincent and the Grenadines

　　FXOPAL is an unregulated trading platform. It provides trading on currency pairs, metals, CFDs, stocks, and cryptocurrencies with leverage up to 1:1000 and spread from 1.5 pips on the Basic account via the MT5 platform. Demo accounts are available and the minimum deposit requirement to open a live account is $100.

Pros and Cons

Pros	Cons
Wide range of trading instruments	No regulation
MT5 available	Inaccessible website
Flexible leverage ratios

Is FXOPAL Legit?

　　FXOPAL currently lacks valid regulation, which raises significant concerns about its safety and legitimacy. Whats more, as of now, traders have no access to their official website.

What Can I Trade on FXOPAL?

　　FXOPAL offers 36 currency pairs, metals, CFDs, stocks, and cryptocurrencies.

Tradable Instruments	Supported
Forex	✔
CFDs	✔
Metals	✔
Stocks	✔
Cryptocurrencies	✔
Commodities	❌
Bonds	❌
Options	❌
ETFs	❌

Account Type

　　FXOPAL offers three types of live accounts - Basic, ECN and Plus accounts.

Account Type	Min Deposit
Basic	$100
Plus	$500
ECN	$10,000

Leverage

Account Type	MaxLeverage
Basic	1:1000
Plus	1:500
ECN	1:300

　　It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spread

Account Type	Spread
Basic	1.5 pips
Plus	2.5 pips
ECN	0.9 pips

Trading Platform

　　FXOPAL offers the MetaTrader 5 (MT5) platform, which provides a robust and feature-rich trading environment. MT5 includes advanced charting tools, technical indicators, and analytical capabilities.