Forex Optimum Review

MIN. DEPOSIT $10
Up to 500:1
Up to 30% BONUS
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Forex Optimum
Up to 30%
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Overview

Company Information Founded in 2009, Forex Optimum is one of the most technologically advanced providers of financial services. The company was initially started in Russia by a group of Forex… more

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Details

Broker Forex Optimum
Website URL http://forexoptimum.com/
Founded 2009
Headquarters St. Vincent and the Grenadines
Support Number 8-800-555-30-56 (toll free)
Support Email cs@forexoptimum.com
Support Types Phone, Live Chat, E-mail
Languages English, Russian, Thai, Indonesian, Khmer
Minimum 1st Deposit $10
Minimum Trade Amount 0,01 (Standard); 0.1 (StartUP)
Bonus Up to 30%
Payout Up to 500:1
Free Demo Account Yes
Regulated Yes
Regulation Financial Services Authority of St. Vincent and the Grenadines
Account Types StartUP, Standard.STP, Premium, V.I.P.
Deposit Methods Neteller, FasaPay, Bank Wire, Latvijas Pasta Banka, Qiwi,
Withdrawal Methods Neteller, FasaPay, Bank Wire, Latvijas Pasta Banka, Qiwi,
Types of Assets Forex, CFDs, Commodities
Account Currency USD, EUR, RUB
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes

Full Review

Company Information

Founded in 2009, Forex Optimum is one of the most technologically advanced providers of financial services. The company was initially started in Russia by a group of Forex experts from the industry. The experienced founders were managed to develop the brand in just a few years and make it one of the globally recognized brokers. Forex Optimum is surely a leading broker nowadays with well-developed trading conditions for both inexperienced traders and pros. The brokerage type is STP (Market Maker) and the broker itself is independent, which is great news for the clients. Forex Optimum has many offices around the world, particularly in Europe and Asia. The number of countries served by the broker are more than 55 to this day. However, the company does not offer its services to citizens of the USA. The main headquarters of Forex Optimum are based in Moscow, Semenovskaya Square, 1A, Business center “Sokolinaya Gora”. The Russian broker is regulated by the British authoritative institution IFSA (St. Vincent islands), and the company itself is registered under number 20603 IBC 2012. Apart from the market offerings, Forex Optimum also gives exclusive access to training materials and education. Partnership programs are also available.

 

Trading Information

Forex Optimum is a traditional STP market maker and an independent brokerage services provider. The main instruments offered by the company are currencies, stocks on the US stock exchange, CFDs and commodities. The spreads are tight and professional traders will be delighted to trade with this broker. Forex Optimum allows most of the modern trading tactics, such as hedging, scalping and use of expert advisors (EAs). There are no commissions involved in the trades, and the spreads may vary. Clients of the Russian broker can enjoy three different account types for real trading and one demo account. The real money profiles are StartUP, Standard, and Premium. Both use the maximum leverage of 1:500 and the trading lots should be 0.01 or more. The provided financial instruments are similar with a little difference in the spreads. There is a Stop Out level set to 20% and margin call, which triggers at 50%.

 

Trading Platforms

Forex Optimum employs the best trading platform of all and namely MetaTrader 4. The traditional software is preferred choice by numerous traders worldwide, and it’s suitable for experienced investors. It’s equipped with the finest tools and indicators currently released to the public. There are countless useful plugins and extensions, such as EAs and custom indicators. Beginners might be confused at first, but eventually, MT4 will become their best trading assistant. The trading platform is available for desktop PCs, as well as iOS, Windows Mobile, and Android.

 

Another fantastic feature supported by Forex Optimum is the fully integrated web terminal available at the broker’s website. The well-designed applications can handle both real and demo accounts and ensures smooth and perfectly convenient access to all trading instruments right from any browser. Helpful tools and indicators are also available from the web terminal.

 

Security and Customer Services

Like many other Russian brokers from the industry, this one is not an exception from the high-safety standards in the region. The website’s login pages are fully encrypted with SSL on the data transfer. The encryption is certified by GoDaddy. Forex Optimum is entirely regulated by authoritative institutions as we’ve mentioned above. Clients’ Fund are segregated and are kept separately from the company’s accounts. All traders can rest assured that their cash is held in the top tier banks with high reputation.

 

Another important aspect for a broker is the excellent customer care service. According to our sources, the support is quite proficient and very reliable. Contacts can be made through various ways – email, telephone landline, and live chatting system. Local clients in Moscow can also visit the broker in its offices. The customer care department is very polite, and the representatives are quick to reply back.

 

Deposits and Withdraws

The transaction options provided by Forex Optimum are very diverse. The possible choices will probably satisfy even the most delicate needs. The usual methods are presented, such as bank wire transfers, credit/debit cards, and e-wallets. There are also electronic payments and local transfers available mostly for Russian citizens. Luckily, no commissions are involved in any of the deposit and withdrawal options, except for system charges and additional banking fees from third parties. The minimum deposit amount usually starts for $1 with unlimited upper boundary most of the times. Money transfers on both deposits and withdrawals are mostly accepted in USD or RUR. However, a large brokerage company such as Forex Optimum will surely process payments and other currencies and find a way to satisfy its client.

 

Deposit Bonus and Loyalty Program

The Russian broker has some lucrative promotions for its new and existing customers. Of course, the first one is an attractive deposit bonus that applies to every kind of account. All deposited sums above $100 will get 30% extra funding for an extended period (90 days). Within this time frame, the client has to roll over the whole amount of the bonus by trading lots. The formula, which gives the required number of lots is as follow: Total Bonus Amount / 3 = Total Required Lots. For example, a $1000 deposit will receive $300 bonus and according to the formula, the required lots are calculated to 100.

 

Premium and VIP account holders can get the chance to accumulate extra money on their balance. It’s simple and very effective, clients need to trade and receive 2% of their money per month and up to 26.8% annually. At this time, the promotion has no time limit, which means customers can participate freely.

 

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