FXOpulence
Abstract：FXOpulence is a broker in online trading and provides both beginner and professional traders with access to various opportunities across global financial markets including forex, cryptocurrencies, metals, CFDs, indices, and synthetic indices. The broker also provides up to 500x leverage, different account types, and 24-hour customer support. The minimum spread is from 0 pip and the minimum deposit is $50. Traders can access the popular MT5 trading platform through FXOpulence.
| FXOpulenceReview Summary | |
| Founded | 2020-11-19 |
| Registered Country/Region | United Arab Emirates |
| Regulation | Revoked |
| Market Instruments | Forex/Cryptocurrencies/Metals/CFDs/Indices/Synthetic indices |
| Demo Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | From 0 pip |
| Trading Platform | MT5(Windows/iOS/Android) |
| Min Deposit | $50 |
| Customer Support | Phone: +971 44578904 |
| Email: support@fxopulence.com | |
| Twitter/Facebook/Instagram/LinkedIn | |
FXOpulence Information
FXOpulence is a broker in online trading and provides both beginner and professional traders with access to various opportunities across global financial markets including forex, cryptocurrencies, metals, CFDs, indices, and synthetic indices. The broker also provides up to 500x leverage, different account types, and 24-hour customer support. The minimum spread is from 0 pip and the minimum deposit is $50. Traders can access the popular MT5 trading platform through FXOpulence.
Pros and Cons
| Pros | Cons |
| Leverage up to 1:500 | Revoked |
| 24/7 customer support | Unspecific withdrawal information |
| MT5 available | Negative comments about difficulty in withdrawal |
| Spread as low as 0 pip | |
| Demo account available | |
| Various tradable instruments |
Is FXOpulence Legit?
ASIC regulates FXOpulence with license numbers 001302288 and 001302798 and License Type Appointed Representative(AR). However, the 'Revoked' current status is less safe than a regulated one.
What Can I Trade on FXOpulence?
FXOpulence offers 400+ market instruments, including forex, cryptocurrencies, metals, CFDs, indices, and synthetic indices.
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs | ✔ |
| Indices | ✔ |
| Synthetic indices | ✔ |
| Metals | ✔ |
| Cryptocurrencies | ✔ |
| Commodities | ❌ |
| Stocks | ❌ |
| Shares | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
FXOpulence has three account types: Razor, Ultra, and SynthOp. Traders who want low spreads can choose a razor account. In addition, the demo account is predominantly used to familiarize traders with the trading platform and for educational purposes only.
| Account Type | Razor | Ultra | SynthOp |
| Min deposit | $50 | $50 | $50 |
| Spread Starting From | Zero | 1 pip | 1 pip |
| Commission | $10 | Zero | Zero |
| Leverage | 1:500 | 1:500 | 1:500 |
| Swap free | No | No | No |
FXOpulence Fees
The spread starts from 0 pip, and the commission is from 0. The lower the spread, the faster the liquidity.
Leverage
The maximum leverage is 1:500 meaning that profits and losses are magnified 500 times.
Trading Platform
Traders can conduct financial activities in MT5 available in Windows, iOS, and Android through FXOpulence. Traders with rich experience are more suitable for using MT5 with various trading strategies and EA systems.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Windows/iOS/Android | Experienced traders |
Deposit and Withdrawal
The first deposit amount must be $50 or above. FXOpulence accepts ETH, BEP-20, TRC-20, and BTC for deposit and withdrawal.
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