FXOptimax is a rapidly growing online forex broker that operates the STP brokerage model. They provide traders with a user-friendly trading platform, allowing them to get real-time pricing and ultra-fast order processing while keeping everything as easy as possible.
FXOptimax Review, Pros & Cons
- MetaTrader 4 platforms
- A range of trading tools
- Some educational resources
- Unregulated broker
- Located offshore
- No USA clients
- Limited account deposit & withdrawal options
- Limited trading instruments
- No MetaTrader 5 platforms
In this detailed FXOptimax review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Founded in 2009, FXOptimax is an online financial services provider with a wealth of experience in brokerage services. They provide traders with the MT4 trading platform for trading forex and metals. The broker operates the STP execution model, and there are multiple account options with a $10 minimum deposit and leverage of up to 1:1000.
The broker is operated by FXOptimax Ltd, a Saint Vincent and the Grenadines registered company holding a license number 21417 IBC 2013. There is no regulatory information on the Exchange’s website at the moment. Many experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can. Please see our trading broker reviews for alternative regulated brokers.
The broker offers its services to residents of countries and jurisdictions where the use of such services would not contradict any local law or regulation.
Some FXOptimax features and products mentioned within this FXOptimax review may not be available to traders from certain countries because of legal restrictions.
FXOptimax gives its clients the opportunity to trade with the MetaTrader 4 trading platform, which is regarded as one of the industry standards for foreign exchange trading. It is packed with many helpful tools, featuring market charts, technical analysis indicators, and a wide range of drawing tools. The broker makes the MT4 platform available as a desktop application for Windows and Mac computers, a WebTrader, and a mobile trading app that is compatible with Android and iOS devices.
There is also the FXOptimax Forex Copy, which enables traders to monitor and copy the trades of other traders with just one click. It enables traders to copy signals whilst learning and trying to find out the best trading strategy for them. However, there are no guarantees on the results and historical performance is by no means any indication of future performance. You should have a clear understanding of the significant risks involved with trading online.
FXOptimax Trading Tools
In addition to those built into the MT4 trading platform, the broker provides traders with some useful trading tools, such as the Margin Calculator, and more.
The broker’s website is packed with some educational resources, such as forex trading courses, news and announcements, and more.
The broker offers forex and precious metals trading via contract for differences (CFDs).
FXOptimax Accounts & Fees
FXOptimax offers clients a live trading account with a required minimum deposit of just $10 and a leverage of up to 1:1000. Demo accounts are provided for practice purposes whereas swap-free Islamic accounts are provided upon request.
As broker fees can vary and change, there may be additional fees that are not listed in this FXOptimax review. It is imperative to ensure that you check and understand all of the latest information before you open an FXOptimax broker account for online trading.
The broker has a professional-client support team that is polite and prompt in response. They can be contacted through various channels, including telephone, email, social media, Live Chat, or by filling the contact form on the broker’s website.
FXOptimax Deposit & Withdrawal
FXOptimax accepts various payment methods for both account deposits and withdrawals. They include cryptocurrency, e-payments, and local exchangers.
FXOptimax Account Opening
To open an account, click on the ‘Open Live Account’ button and provide the required information.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
FXOptimax is an unregulated online trading broker that provides traders with intuitive trading platforms along with some useful trading tools and educational resources to assist traders with their daily trading activities. The broker requires a minimum deposit of $10 and offers up to 1:1000 leverage.
Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.