FX Optimax Review

MIN. DEPOSIT $10
Up to 1,000:1
Up to $20 BONUS
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FX Optimax
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Overview

Company Information Forex Optimax, also known as FXOptimax, is an international online Forex broker owned by FXOptimax Ltd. The company appeared on the global financial trading stage in 2009 and… more

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Details

BrokerFX Optimax
Website URLhttp://www.fxoptimax.com/
Founded2009
HeadquartersKingstown, Saint Vincent and the Grenadines
Support Number +358753251112
Support Emailadmin@fxoptimax.com
Support TypesPhone, Live Chat, E-mail, Skype
LanguagesEnglish, Chinese, Indonesian, Portuguese, Spanish, Arabic, Urdu, Thai, Russian, Persian
Minimum 1st Deposit$10
Minimum Trade Amount0.01 lots
BonusUp to $20
PayoutUp to 1,000:1
Free Demo AccountYes
Regulated Yes
Account TypesFXOptimax Pro, FXOptimax Precision, FXOptimax 4-Digits
Deposit MethodsWire Transfer, Neteller, Skrill, Visa, MasterCard, FasaPay, OkPay, PerfectMoney, China UnionPay
Withdrawal MethodsWire Transfer, Neteller, Skrill, Visa, MasterCard, FasaPay, OkPay, PerfectMoney, China UnionPay
Account CurrencyUSD
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes

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Company Information

Forex Optimax, also known as FXOptimax, is an international online Forex broker owned by FXOptimax Ltd. The company appeared on the global financial trading stage in 2009 and nowadays, it’s still considered a “new” player despite its age. It is registered in Panama, but the main headquarters and all internal operations are handled from New Zealand through a secondary firm called “FXOptimax NX Limited” (its registration number is 3307409). It’s a little-known fact that the New Zealand branch is entirely regulated by the Financial Dispute Resolution Service in NZ (membership with number 123464).  As a brokerage provider, Forex Optimax is developing extremely well and expands its range of services regularly. Its business is focused mainly on the currency markets and the retail traders as an audience. The unique approach of the broker and its constant improvement makes it an excellent choice for traders around the world. Forex Optimax employs the well-known STP business model where the broker supports its customers actively and do not bet against them. As a fully licensed financial service provider with license number 21417 IBC 2013 issued by the authority of Saint Vincent and Grenadines, the company is entirely legit and abides by all the requirements and good practices.

 

Trading Information

Surely a unique trait of Forex Optimax is its full dedication to the Forex trading. The company doesn’t provide any other financial instrument except the huge variety of currency pairs including majors and exotics. The international broker has attractive trading conditions that will probably satisfy the pretentious traders. Spreads can be fixed or floating on all the offered currencies, and they usually start from 2 pips on the major pairs. However, be careful because some of the most exotic pairs can reach spreads as high as 25 pips. Gold and Silver are also part of the offering with spreads fixed on 40 and eight pips respectively. The maximum allowed leverage per account is set to 1:1000.

 

Various trading accounts are provided by Forex Optimax. They are four different types: Pro, Precision, 4-Digits and Islamic (Swap-free). They mainly differ in the commission, spreads type and minimum deposit requirements. Only the Pro account type has a fee set and 0.004% per Round Turn ($100 000). The 4-digits account type has fixed spreads and the other profiles have floating ones.

 

Trading Platforms

As many other respected brokers from the industry, Forex Optimax doesn’t take any chances and uses the most modern trading platform of all – MetaTrader 4. Every experienced trader knows the software and most of them still rely on its excellent capabilities. MT4 is perfectly designed to satisfy almost any requirement when it comes to tools, indicators, and adequate order executions. The trading platform allows expert advisors and scalping strategies, as well as auto trading methods of different types. MT4 is also available for iOS and Android.

 

For those who prefer the alternatives, there are a few other trading platforms. Myfxbook AutoTrade is not a conventional trading software, but an advanced copy trading program that targets the beginners. There are also Signal Trader and ZuluTrade, both auto-trading solutions designed for the same group of clients. All these platforms are part of the newest trend in Forex and namely the social trading.

 

Security and Customer Services

FXOptimax has an enhanced protection on its website and especially on the login pages. They employ SSL encryption of highest level issued and certified by a leading security company – GlobalSign. The top protective measure ensures safe passage of sensitive data and peace of mind for every customer of the broker. Client’s money are also kept in top-tier banks in Africa and GCC, separately from the company’s funds.

 

Customer will be happy to learn that the support services are extremely helpful and proficient. There are several ways to get in touch with a representative of the online broker. All traders are free to use the live chatting service, email, web contact form, Skype or a global phone number. Also, there are Brazilian and Egyptian local landlines, where clients can also find an adequate customer care. FXOptimax can also be found on the major social media websites, such as Facebook, Google+ and Twitter.

 

Deposits and Withdraws

The international brokerage provider has made it easy for clients around the world to fund their accounts as simple as possible. There are numerous payment services offered by Forex Optimax, and surely some of the most popular ones are included. There are the usual credit/debit cards, bank wire transfers, as well as some alternative methods, such as e-currencies and e-wallet services. Deposits and withdraws have a minimum in the range of $10 to $1000, which usually depends on the preferred method. There are also fees uniquely calculated for each payment options. However, withdraws are excluded from additional charges most of the time. The processing time also ranges from one to three working days, but some e-wallet services can be instant.

 

Deposit Bonuses and Loyalty Programs

As most online brokers from the branch, FXOptimax also offers an exciting deposit bonus on the initial funding of every new client. The bonus is 50% of the deposited cash, and the minimum qualifying amount is $25. The actual percentage and the rollover requirements are calculated based on the deposit amount. The general schema of the bonus is as follows: deposit of $100, for example, wins $50 for the client and needs 25 lots of trade volume to be unlocked. The second tier is $200 deposit, where the bonus is $100, and the requirement is 50 lots.

 

Indonesian customers can take advantage of particular exchange rate on their deposits as a great promo program. The exclusive offer applies for Indonesia exchangers and Fasapay with unprecedented fix rate of 10 000 IDR / 1$.

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