Opofinance Broker Regulation and Scam Safety Analysis

Regulatory Overview: Multiple Jurisdictions, Mixed Status

Opofinance operates under different legal entities with varying regulatory statuses across jurisdictions. Here's a detailed breakdown:

Only the FSA license remains valid. Both FSCA and ASIC licenses are marked as “Exceeded,” meaning the entities no longer operate under their original regulatory scope.

Client Fund Protection & Risk Management

Opofinance promotes several safety measures to protect user funds and ensure operational transparency:

• Segregated Accounts: Client funds are held separately from operational funds.
• Membership in The Financial Commission: This provides access to a compensation fund of up to €20,000 per client in the case of disputes.
• Jurisdictional Restrictions: Residents from high-risk countries (e.g., USA, Japan, Canada, Russia) are prohibited from registering.

Although Seychelles FSA is considered a light offshore regulator, these additional layers of safety provide a modest level of trust.

Scam Risk Assessment & Transparency Score

While Opofinance does not currently hold Tier-1 licenses (such as FCA or CySEC), our analysis finds:

Strengths:

• No widely reported scam allegations
• No public withdrawal delays or regulatory bans
• Clear disclosure of regulatory history

Concerns:

• Two expired regulatory licenses
• No verified physical office address listed
• Offshore regulation provides limited recourse

In sum, Opofinance demonstrates more transparency than many unregulated brokers, though users should be aware of the offshore nature of its active license.

FAQs About Opofinance Broker Safety & Regulation

Q1: Is Opofinance a regulated broker?

A: Yes, Opofinance is regulated by the Seychelles FSA under license number SD124. However, it no longer maintains active status with FSCA and ASIC.

Q2: What does “Exceeded” mean for a regulatory license?

A: “Exceeded” means the entity previously held a license, but that license is no longer in force, either due to non-renewal, violations, or voluntary exit.

Q3: Is my money safe with Opofinance?

A: Funds are held in segregated accounts, and Opofinance is a member of The Financial Commission, which provides limited compensation in disputes.

Q4: Has Opofinance ever been accused of scams?

A: As of now, there are no public records of major scam accusations or fraudulent behavior tied to Opofinance.

Q5: What investor protection do I have if something goes wrong?

A: The Financial Commission may provide up to €20,000 in compensation, but this does not replace Tier-1 regulatory protection like that of the FCA.

Q6: Can I verify Opofinances regulation independently?

A: Yes, you can verify its active license via the Seychelles FSA official website using license number SD124.