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 | Cons |
Wide range of trading instruments | No regulation |
MT5 available | Inaccessible website |
Flexible leverage ratios |
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.
FXOPAL offers 36 currency pairs, metals, CFDs, stocks, and cryptocurrencies.
Tradable Instruments | Supported |
Forex | ✔ |
CFDs | ✔ |
Metals | ✔ |
Stocks | ✔ |
Cryptocurrencies | ✔ |
Commodities | ❌ |
Bonds | ❌ |
Options | ❌ |
ETFs | ❌ |
FXOPAL offers three types of live accounts - Basic, ECN and Plus accounts.
Account Type | Min Deposit |
Basic | $100 |
Plus | $500 |
ECN | $10,000 |
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.
Account Type | Spread |
Basic | 1.5 pips |
Plus | 2.5 pips |
ECN | 0.9 pips |
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.
Trading Platform | Supported | Available Devices | Suitable for |
MT4 | ❌ | / | Beginners |
MT5 | ✔ | Desktop, mobile, web | Experienceds |
A medical officer in Malaysia suffered a significant financial loss after falling prey to a cryptocurrency investment scam that originated on social media. The victim, a 39-year-old woman, was deceived into transferring her savings of RM86,200 following a series of fraudulent claims promising lucrative returns.
SBI VC Trade, the cryptocurrency division of Japan’s financial giant SBI Group, has become the first entity in the country to process transactions involving the USDC stablecoin. The company confirmed the development on Tuesday, announcing that a beta version of USDC-related services would be introduced on 12 March for select users following scheduled system maintenance.
Ethereum (ETH) has experienced a significant downturn, falling below the critical $2,000 threshold for the first time since November 2023. This sharp decline has triggered concern among investors and analysts, highlighting the broader volatility in the cryptocurrency market.
Binance, the world’s largest cryptocurrency exchanges, has announced the listing of GoPlus Security’s (GPS) token. Trading for GPS is scheduled to commence on March 4 at 13:00 UTC, with available trading pairs including USDT, USDC, BNB, FDUSD, and TRY.