What is Opal Broker?
Broker overviewOpal Broker is an ECN / STP forex broker founded in 2020 and based in Turkey. It offers yes on MetaTrader 5 (MT5).
Opal Broker is regulated by No. Its listed office is Metropol Istanbul Sitesi B Blok Kat:10 D:183, Istanbul, Turkey.
This review explains what you actually get: how safe the broker is, what trading costs look like, how deposits and withdrawals work, what the Opal Broker bonus offers, and who the broker suits best.
- ✓Regulated since 2020 by No, with segregated client funds.
- $Cost to start: $50 minimum deposit and spreads from 0.03 pips.
- ⚡Flexible trading: leverage up to up to 1:500, hedging, scalping and news trading allowed.
- %Bonus: no welcome bonus listed, no no-deposit bonus.
Our short verdict
Opal Broker stands out for its No licence, an affordable $50 minimum deposit and tight spreads from 0.03 pips. The main thing to watch: no no-deposit bonus.
More about Opal Broker
Some news
Is Opal Broker safe and regulated?
Opal Broker is supervised by 1 authority. Our listing shows these licences:
| Regulator | Region | What it means for you |
|---|---|---|
| No | — | Licence listed for this broker. |
Client money is held in segregated accounts, separate from the company's own funds. Before you sign up, check which Opal Broker company will hold your account, because protection levels can differ between regions.
Opal Broker account types and trading conditions
These are the main trading conditions listed for Opal Broker. It offers Islamic, mini, VIP, managed accounts.
| Feature | Opal Broker |
|---|---|
| Minimum deposit | $50 |
| Minimum spreads | 0.03 pips |
| Max leverage | up to 1:500 |
| Execution | ECN / STP |
| VIP accounts | Yes |
| Mini accounts | Yes |
| Swap-free (Islamic) | Yes |
| Managed accounts | Yes |
| Free demo account | Yes |
| Strategies allowed | Hedging, scalping, news trading |
Opal Broker trading platforms
Opal Broker supports MetaTrader 5 (MT5). MetaTrader 5 adds more timeframes and better access to stocks and other non-forex markets.
Web and mobile trading
Web trading: Yes. Mobile trading: Yes. Markets available: Yes. The website is available in English.
Opal Broker deposit and withdrawal methods
Opal Broker accepts these deposit methods:
- Credit/Debit Card
- Bank Wire Transfer
- Etc.
Withdrawals use the same methods as deposits.
Accounts can be held in USD, GBP, EUR. Choosing the currency you deposit in avoids conversion fees. Your account must be verified (ID and proof of address) before the first withdrawal.
Opal Broker bonus and promotions
These are the promotions listed for Opal Broker:
Promotion offered by Opal Broker. Check the broker's terms for trading volume and withdrawal conditions.
Opal Broker no deposit bonus: Opal Broker does not offer a no deposit bonus. See our up-to-date list of forex no deposit bonus offers. Every offer has volume and time conditions, so read the terms first.
Opal Broker pros and cons
Pros
- Regulated by No (since 2020)
- Affordable $50 minimum deposit
- Spreads from 0.03 pips
- MT5 trading
- Hedging and scalping allowed
- News trading allowed
- Islamic, mini, VIP, managed accounts
Cons
- No no-deposit bonus
- Very high up to 1:500 leverage greatly increases the risk of loss
- Trading terms can differ by region and group entity
How to open an Opal Broker account
- RegisterClick "Visit Broker" and fill in your name, email, country and password.
- Verify your profileUpload a passport or ID card and a recent utility bill or bank statement.
- Choose an accountPick the account type, base currency and leverage that suit you.
- Fund and claim the bonusDeposit from $50 and opt in to the promotion if your region qualifies.
- Start tradingLog in to MT5. Practise first on a free demo account.
Opal Broker customer support and contact
These are the contact details we have on file for Opal Broker:
+90 850 259 4938
and
support@
Opal Broker review FAQ
Is Opal Broker a regulated broker?
What is the Opal Broker minimum deposit?
Does Opal Broker offer a no deposit bonus?
What is the maximum leverage at Opal Broker?
Which platforms does Opal Broker support?
Is Opal Broker good for beginners?
Final verdict: should you trade with Opal Broker?
Opal Broker scores 3.9 out of 5 in our review. Its strongest points are its No licence, an affordable $50 minimum deposit and tight spreads from 0.03 pips. Keep in mind: no no-deposit bonus; very high up to 1:500 leverage greatly increases the risk of loss.
If your main goal is a free no-deposit bonus, Opal Broker is not the right fit. Compare it with other options on our best forex brokers page before deciding.