OpoForex vs AMarkets

Opofinance or AMarkets – which is better for UK traders 2024? Compare Opofinance and AMarkets in this detailed breakdown of their platforms, features and fees.

Opofinance vs AMarkets Comparison Table 2024
Opofinance AMarkets
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rating full
1.8
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2.8
Opofinance is ranked #93 among CFD brokers. AMarkets is ranked #93 among CFD brokers.
Opofinance is an offshore forex and CFD broker, offering copy trading services and the MT4 platform. AMarkets is an established forex and CFD broker registered in the Cook Islands. Founded in 2007, the brokerage has over 1 million clients and is regulated in several offshore jurisdictions, including St Vincent and the Grenadines and Mwali. Over 1400 instruments are available on the popular MT4 and MT5 platforms.
Pros
  • Cashback program with up to $17 rewarded for every lot traded, plus a VIP program with better trading conditions
  • A range of trading tools including a calculator, economic calendar, and sentiment indicators
  • Copy trading USD account with a $100 minimum deposit, leverage up to 1:500 and hedging
  • Regular trading news, forex analysis and trading ideas in the broker's Telegram channel
  • Micro Bitcoin (MBT) account available for beginners with a low 0.001 BTC deposit
  • No fees for deposits and a range of fast methods, including crypto transfers
  • Access to Autochartist analysis with signals and automated position entry
Cons
  • There are wider standard spreads than many competitors
  • We found that educational materials trail alternatives
  • No top-tier regulation reduces the trust score
  • Withdrawal fees up to 1.8%
Awards
  • Best Value Broker Middle East 2020 - Global Forex Awards
  • Fastest Growing Forex Broker in the Middle East 2019 - Egypt Investment Expo
  • Best Execution Speed Highest Client Success Rate 2014 - IAFT Awards
  • Fastest Growing Broker 2013 - STP Broker Asia
  • Best Educational Program 2011 - Show FX
FCA Regulated
No

List of FCA Regulated Brokers

No

List of FCA Regulated Brokers

Instruments
Forex, commodities, cryptocurrencies, stocks, indices Forex, CFDs, indices, shares, commodities, cryptocurrencies, bonds
Demo Account
Yes Yes
Minimum Deposit
$100 $100
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
FINACOM FSA SVG
Mobile Apps
iOS & Android Yes
iOS App Rating
rating empty
rating empty
Android App Rating
rating empty
rating empty
Margin Trading
Yes No
MetaTrader 4
Yes Yes
MetaTrader 5
No Yes
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
No No
ECN Account
Yes No
DMA Account
Yes No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes No
Auto Trading
Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes Yes
Copy Trading Platform
Opofinance offers copy and social trading through Fiboda. The copy trading service is a good option for newer traders and you can pick investors to follow based on their profitability, fees, number of followers and more. The $100 starting deposit is also accessible for beginners.
Social Trading
Yes Yes
Trade Signals
MT4 Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
No Yes
Account Currencies
  • USD
Commodities
  • Oil
  • Silver
  • Gold
  • Natural Gas
  • Gold
  • Silver
CFD
Opofinance offers leveraged CFDs on stocks, indices and commodities. Experienced traders can access leverage up to 1:1000 on a range of CFDs across metals, energies, indices and more. Beginners can also follow and copy successful CFD trades in the copy trading account.
Leverage
1:1000 1:1000
FTSE Spread
Variable 64
GBPUSD Spread<
Variable 0.6
Oil Spread
Variable 3
Stocks Spread
Variable Variable
Forex
Opofinance offers 35+ spot currency pairs, covering all majors and top minors. AMarkets offers a decent range of 42 majors, minors and exotics with low spreads from 0.2 pips in the ECN account. With that said, Standard account spreads come in at around 1.5 pips for EUR/USD, which is higher than the best forex brokers.
Assets
35+ 42
GBPUSD Spread
Variable 0.6
EURUSD Spread
Variable 0.3
EURGBP Spread
Variable 1.5
Cryptocurrency
Opofinance offers trading on crypto/spot currency pairs, including BTC/USD. Access a decent range of crypto pairs against USD and deposit just 10 MBT to access the broker's Micro Bitcoin account. Deposit methods include Bitcoin, Binance Coin and Ethereum.
Spread
Variable From 30
Coins
  • BTC
  • ETH
  • LTC
  • XRP
  • BCH
  • BTC
  • BCH
  • DSH
  • ETC
  • ETH
  • LTC
  • XRP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Opofinance AMarkets
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