April 2, 2020

FXOptimax Review

Regulators: –

Cryptocurrencies: NO

Minimum Deposit: $10

Maximum Leverage: 1:1000

Spreads: Low

My Score: 2.7

Founded in ’09, FXOptimax can be really a forex broker run by FXOptimax Ltd. that headquartered and enrolled at Saint Vincent and the Grenadines. I am able to state their web site is just one of the greatest internet sites I watched. Additionally, looks quite professional. It is possible to find all of the data that you require, even the initial permit of the firm.

There can be mixed opinions and reviews about FXOptimax online. Therefore, if you’re wondering why my FXOptimax review, then you may go on reading this report. Can be FXOptimax scam or regulated broker? Which incentive and promotion attempts they give? Which are FXOptimax accounts types, spreads, best leverage and payment procedures?

Bonus and Promotions

I will say FXOptimax Is Quite generous regarding promotions and bonuses. They truly are giving a % deposit bonus for each deposit 100. However, naturally, as a way to obtain that incentive, you want to fulfill a few requirements. By way of instance, in the event that you deposited $100 for your accounts, you have to close 25 lot trades to obtain a $25 bonus. Yes it perhaps not really simple getting that incentive however I think that it ‘s a lot better than nothing.

Regulation & Licenses

FXOptimax Ltd. is currently a Certified company in Saint Vincent and the Grenadines however They’re not governed by any Watch Dog. They have been asserting that they governed by police at Saint Vincent and the Grenadines nevertheless the, so much as I know, these aren’t too respected and acute governments. Therefore, I’m not saying that they have been a scam broker, however before elect to work using them you have to be attentive. Because in case you encounter any issues, there isn’t any regulator can’t whine about these.

If you’re intending to trade with a lot of capital I advise that one to pick brokers that are governed by respected authorities such as FCA, ASIC or even CySEC.

Account Types and Spreads

There are just three distinct account types in FXOptimax. 4-Digits, Precision and Pro accounts. The maximum leverage ratio of accuracy and 4-Digit accounts is left up to 1:1000. And Upto 1:500 for Pro accounts. A 4-Digit account offers adjusted disperse (2 pips) that will be quite fine, Pro accounts offer (average 0.2 pips $7 a lot per round turn) floating spreads and Precision account additionally has floating spreads starts out of 1.8 pip. I am able to state FXOptimax’s spreads and leverage ratios are very competitive and advantageous.

Hedging and scalping are allowed at FXOptimax and 34 popular forex currency pairs (including exotics), and commodities like gold and silver are available on their platform. However, cryptocurrencies are missing.

World’s most popular forex trading platform (also my favorite) MetaTrader4 available at FXOptimax. This is another convenience of them because traders can use various indicators and expert advisors on MT4. Also, it’s a stable, fast and user-friendly software.

Payment Methods

FXOptimax offers various deposit and withdrawal methods like Bank wire transfer, Neteller, Skrill, credit card, Fasapay, Perfect Money and OK Pay.

The wire transfer method may be a little slow. Because of the swift procedure, this method of transferring money can be a little slow. If fast money transfer is important to you, I would not recommend you to choose this method.

Among the methods offered by FX Optimax, a significant number of popular e-wallet systems can be accessed. However, extra fees may apply.

Final Thoughts

FXOptimax is a Saint Vincent and the Grenadines based unregulated broker. I think this is their weakest side. They may be not a scam broker, but I don’t urge one to deposit hight money only if. On the flip side, spreads are extremely low, minimum deposit limitation is low ($10) and leverage percentage that they feature is quite significant. If law may be the most crucial matter for your requirements personally, there are FCA or even ASIC regulated brokers within my personal blog.

FXOptimax

2.7

Trust

1.0/10

Commissions and charges

5.0/10

Customer Service

1.0/10

Platform & Tools

3.5/10

Product Portfolio

3.0/10

Pros

  • Low yells
  • Low minimal deposit

Cons

  • Unregulated broker, likely scam.
  • Cryptos aren't designed for trading.