OQtima Review

Category: Reviews | Author: Trading Brokers | Date: December 20, 2023

If you’re looking for a new platform to start your trading journey or take your existing portfolio to the next level, OQtima aims to provide a seamless experience. Launched in 2021, this broker offers competitive spreads starting from 0 pips and over 1000 tradable assets from stocks and crypto to forex and indices.

Whether you’re an experienced trader looking to execute advanced strategies or a beginner seeking a user-friendly interface to learn the ropes, OQtima strives to cater to all. From multiple base currencies to instant withdrawals, the broker promises to put traders first.

As industry veterans with 30+ years in the game, the team behind OQtima seems focused on optimizing every aspect of trading. But does the platform deliver on its pledge? Let’s analyze the key factors when choosing a broker and see if OQtima checks all the boxes.

Pros & Cons

  • Wide selection of tradable products
  • Fully licensed and compliant
  • Fast execution speeds and low trading fees
  • Low minimum deposit of $20
  • Supports popular CFD trading platforms
  • Limited educational tools
  • Registration difficulties reported

Summary

OQtima

OQtima

OQtima is a trading platform that seems to have a lot going for it. With more than 950 tradable instruments across multiple asset classes, it offers a diverse range of lower-risk securities and higher-yield/risk assets. This allows traders to both speculate on price action behavior and hedge their trading risk.

The platform is also known for its fast execution speeds and low trading fees, starting from 0.0 pips in spreads. This, coupled with the support for popular CFD trading platforms like MetaTrader 4, makes it a competitive choice for traders.

Another notable feature of OQtima is its low barrier to entry. You can start building your trading portfolio with as little as $20 or equivalent, with 8 base currencies available. This makes it accessible to a wide range of traders, from beginners to more experienced ones.

Moreover, OQtima is fully licensed and complies with all domestic and international regulations and laws applicable to investment firms. This means you can trade with peace of mind, knowing that your funds are in safe hands.

When it comes to managing your account, OQtima makes it easy with instant withdrawals and multiple trusted funding channels with no fees. This means you can access your funds whenever you need them, without any hassle.

In short, OQtima offers a comprehensive trading experience that caters to a wide range of traders. Whether you’re just starting out or looking to take your trading to the next level, OQtima has got you covered.

AvaTrade Logo

Our #1 Broker 2023

AvaTrade is an award-winning and multi-regulated broker offering a great selection of trading instruments including Forex, Cryptos, Stocks and Commodities. You can trade on all of your devices via user-friendly platforms with excellent trading conditions and no commission fees.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

Regulation

Now, you might be thinking, “Why does this matter?” Well, regulation is like a safety net. It’s there to protect us traders from any shady business. So, when it comes to OQtima, you’ll be glad to know they’ve got their bases covered.

OQtima operates under the brand name of CDE Global Markets Ltd, which is a Securities Dealer registered in Seychelles. They’ve got the official stamp of approval from the Financial Services Authority (FSA) in Seychelles, with Licence Number SD109. So, they’re legit in the eyes of the Seychelles government. But wait, there’s more. OQtima also has a regulatory thumbs-up from the Cyprus Securities and Exchange Commission (CySEC). So, they’re playing by the rules in Cyprus too. And it’s not just about having these licenses. OQtima takes regulation seriously.

They comply with all the necessary domestic and international laws that apply to investment firms. This includes the Securities Act and the Securities (Conduct of Business) Regulations. They’ve also got policies in place to make sure they’re in line with the FSA Anti-Money Laundering and Counter-Terrorism Financial Act. So, they’re doing their part to keep the bad guys out.

In a nutshell, OQtima is a fully licensed firm that’s committed to playing by the rules. But hey, don’t just take my word for it. Do your own research, check out their official site, and make sure you’re comfortable before you dive in. And if you’re interested in exploring other options, please see a list of regulated brokers for some alternative choices.

Platforms & Tools

First up, we’ve got the MT4 platform. If you’ve been in the trading game for a while, you’ve probably heard of this one. It’s a classic, and for good reason. MT4 is known for its user-friendly interface, advanced charting capabilities, and automated trading features. It’s a solid choice for both beginners and experienced traders.

MT4 Platform

MT4 Platform

Next, we’ve got cTrader. This one’s a bit more modern and is known for its sleek design and intuitive layout. It’s got all the bells and whistles you’d expect from a trading platform, including advanced order types, detailed performance analysis, and a customizable layout.

ctrader

ctrader

Plus, it’s got a built-in tool that helps traders automate their strategies, which is a big plus if you’re into algorithmic trading.

Taking a look at the tools, OQtima offers;

  • Trading Calendar: The Trading Calendar is a real-time tracking tool that keeps you updated with the latest macroeconomic data. It’s like having your own personal assistant who’s always on top of the latest market information. This tool ensures that your trading decisions are based on the most current data available.
  • Historical Performance: This tool lets you review the ‘forecast’ and ‘actual’ values for each economic event over the last 5 years. This historical data can help you identify trends and understand their influence on currency movements.
  • Indices Tied to Economic Events: This tool gives you access to an extensive list of economic events associated with 38 countries, all mapped to relevant indices. This makes it easier for you to make well-informed investment decisions when economic events occur.

So, there you have it. OQtima offers a range of platforms and tools designed to make your trading experience as smooth as possible. But remember, the best way to get a feel for these platforms and tools is to try them out for yourself.

Education

Ready to level up your trading game? Let’s dive into the educational resources that OQtima has to offer. Think of this as your personal trading museum, where each exhibit offers a new insight into the world of trading. From real-time FX charts tied to economic events to a time machine that lets you review historical performance data, these resources are designed to help you understand the market better and make informed trading decisions.

  • FX Charts Tied to Economic Events: This resource provides access to over 115 FX charts linked to various economic events. It’s like having a bird’s eye view of the market in real-time. You can monitor currency pairs as they move and react to different economic events. This can help you spot potential trading opportunities and make decisions based on what’s happening right now in the market. It’s a great way to learn how economic events can influence currency movements and how to use this information to your advantage.
  • Historical Performance: This resource lets you review the ‘forecast’ and ‘actual’ values for each economic event over the last 5 years. It’s like having a time machine that lets you travel back and see how different events have influenced currency movements in the past. This can help you identify trends and understand their impact on the market. It’s a great way to learn from the past to make better trading decisions in the future.

These resources are not just about providing information, they’re about educating you on how to use this information to become a better trader. So, whether you’re a newbie just starting out or a seasoned trader looking to up your game, these resources can help you on your trading journey.

Markets

Variety is the spice of life, and OQtima seems to understand that. They offer a wide range of assets for you to trade, so you can find the perfect fit for your trading style. Here’s a quick rundown of the markets you can explore with OQtima:

  • Crypto: If you’re into digital currencies, OQtima has got you covered. You can trade CFDs on popular cryptocurrencies like Bitcoin, Ethereum, and more.
  • Indices: Want to trade on the performance of a group of stocks? OQtima offers CFDs on various indices, giving you exposure to different sectors and markets.
  • Forex: OQtima is a great place for forex trading. With competitive spreads starting at 0.0 pips, you can trade major, minor, and exotic currency pairs.
  • Metals: If you’re interested in trading precious metals like gold and silver, OQtima has you covered. You can trade CFDs on metals and diversify your portfolio.
  • Shares: OQtima lets you trade CFDs on shares of popular companies from around the world. This gives you the opportunity to invest in the performance of your favorite brands.
  • Energies: Looking to trade on the energy market? OQtima offers CFDs on energies like oil and natural gas, allowing you to capitalize on market fluctuations.
  • ETFs: Exchange-Traded Funds (ETFs) are a popular way to diversify your portfolio. With OQtima, you can trade CFDs on various ETFs, giving you exposure to a wide range of assets.

Accounts

Let’s talk about the account types OQtima has to offer. Whether you’re a seasoned trader or just starting out, OQtima has an account that suits your needs. Here’s a quick rundown:

  • OQtima ECN+: This account is for those who like to trade on the edge. With spreads starting from 0.0 pips and a commission of $3.50 per side traded, this account offers a competitive trading environment. The minimum deposit is just $20, and you can leverage up to 1:1000. Plus, hedging is allowed, and EA and scalpers are welcome. The base currencies include USD, EUR, JPY, GBP, CAD, CHF, SGD, and ZAR. And the best part? There are no funding or withdrawal fees. You can trade across 7 markets with over 300+ symbols.
  • OQtima ONE: If you prefer a more relaxed trading environment, the OQtima ONE account might be your cup of tea. With spreads starting from 1.0 pips and no commissions, this account offers a more relaxed trading environment. The minimum deposit is also $20, and you can leverage up to 1:1000. Hedging is allowed, and EA and scalpers are welcome. The base currencies are the same as the ECN+ account, and there are no funding or withdrawal fees. You can trade across 7 markets with over 300+ symbols.

So, whether you’re a high-frequency trader looking for low spreads and high leverage or a casual trader looking for a relaxed trading environment, OQtima has an account that suits your needs. Happy trading!

Funding

OQtima offers a variety of funding methods, so you can choose the one that suits you best. Here’s a quick rundown:

  • Credit and Debit Cards: This is the quickest way to fund your account. It’s instant, the minimum deposit is $20, and there are no fees. You can deposit in USD and EUR.
  • Crypto Funding: If you’re a crypto enthusiast, you can fund your account with various cryptocurrencies like BTC, ETH, and more. It’s instant, the minimum deposit is $20, and there are no fees.
  • International Bankwire: This method takes a bit longer, with a processing time of 3-5 business days. The minimum deposit is $20, and there are no fees. You can deposit in a variety of currencies including USD, EUR, GBP, and more.
  • UK Bankwire: If you’re in the UK, you can use this method for instant deposits during UK business days/hours. The minimum deposit is $20, and there are no fees. You can deposit in GBP.
  • Local Banking: This method is available in several countries and takes about 10 minutes if made within the bank’s business days/hours. The minimum deposit is $20, and there are no fees. You can deposit in JPY, THB, MYR, IDR, VND, SGD, PHP.
  • STICPAY: This is an e-wallet option that offers instant deposits. The minimum deposit is $20, and there are no fees. You can deposit in CAD, GBP, JPY, USD.
  • PIX: This is another instant deposit option. The minimum deposit is $20, and there are no fees. You can deposit in BRL, USD.

And when it’s time to cash out, you can use the same methods. All withdrawals are processed within one business day, and there are no fees. So, whether you’re depositing or withdrawing, OQtima has got you covered with a variety of convenient options.

Conclusion

In conclusion, OQtima offers a comprehensive trading experience with a variety of markets, educational resources, and account types to choose from. Their funding methods are diverse and convenient, making it easy for traders to manage their accounts. However, it’s worth noting that while OQtima offers strong features, there are other brokers with longer track records that might be worth considering as alternative options. For additional choices, we encourage you to explore our trading broker reviews.

OQtima Logo

$20

OQtima is a forex and CFD broker founded in 2022 and headquartered in Cyprus. It is regulated by CySEC in Cyprus and FSA in Seychelles, and is known for its transparency and trustworthiness.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.


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