FXOptimax -Overview of Minimum Deposit, Spreads & Leverage

General Information & Regulation

FXOptimax was founded in 2009 and is currently operated by FXOptimax Ltd, a Saint Vincent and the Grenadines registered company holding a license number 21417 IBC 2013. However, there is zero evidence that FXOptimax is regulated by any regulatory agency, so it is an unregulated broker unsafe to trade with.

Market Instruments

There seems only currency pairs tradable on the FXOptimax platforms. Other popular assets like precious metals, commodities, stocks are not mentioned.

Minimum Deposit

FXOptimax requires minimum deposit of $10 to start real trading. Although this sounds encouraging, given the fact that FXOptimax is unregulated, traders are not advised to register accounts here.

Micro Trade Size

The minimum trade size allowed by FXOptimax is 0.01 lot, which sounds friendly to beginners.

Leverage

Trading leverage is associated with account balance (in USD). FXOptimax offers the leverage up to 1:1000, which is absurdly high. Keep in mind that trading with an unregulated broker offering such high leverage is really not a good option. Leverage can magnify returns as well as risks.

Spreads & Commissions

FXOptimax advertises that it offers spreads as low as 0 pips. The average spread on the EUR/USD pair is 1.9 pips, GBP/USD 2.2 pips, USD/JPY 1.9 pips, USD/CHF 1.8 pips, AUD/USD 2.2 pips, USD/CAD 3.1 pips, XAU/USD (gold) 19.1 pips, XAG/USD (Silver) 2.47 pips.

Trading Platform Available

FXOptimax provides its traders with MT4 trading platform, available in Windows, Android and Ios.

Deposit & Withdrawal

FXOptimax works with four payment methods, including Perfect Money, FasaPay, USDT, and Local Exchanger. The minimum deposit is $1 and FXOptimax charges no fee for deposit. As for withdrawal, the minimum amount is $1, a fee of 0.5% is charged for withdrawing funds through FasaPay, and $5 for withdrawal through USDT.

Customer Support

The FXOptimax customer support can be reached through telephone: +43 720 145700, email: support@fxoptimax.com, online chat. FXOptimax Address: Suite 305,

Griffith Corporate Centre, Kingstown, Saint Vincent and the Grenadines, West Indies.