Opalinervio (opalinervio.com) has been flagged by ASIC (Australia) for "Unlicensed". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: opalinervio.com.
The reporting at Opalinervio (opalinervio.com) is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Multi-currency support|Risk management tools|Two-factor authentication|Personal attention
Cons: No crypto staking|No integrated tax optimization
Opalinervio (opalinervio.com) offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Fast execution|High security standards|Full transparency|Transparent fees
Cons: No integrated tax optimization|Email notifications too frequent
I referred a friend to Opalinervio (opalinervio.com) based on a colleague's recommendation. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Economic calendar|Automated trading options
Cons: Currency conversion fee exists|Help articles are sometimes vague
I wanted to transfer my portfolio from another broker to Opalinervio (opalinervio.com). They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Good mobile app|Demo account available|Economic calendar
Cons: No fractional shares|Nothing significant
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Opalinervio (opalinervio.com) said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Great customer service|Fast execution|Tax reports included|Intuitive for beginners
Cons: Desktop app not available on Linux
After using Opalinervio (opalinervio.com) since I retired last year, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: Detailed reporting|Instant funding|Stable platform
Cons: Spreads widen during volatile periods|Wish they had more educational resources