OptiMarkets-Overview of Minimum Deposit, Leverage, Spreads

General Information

OptiMarkets is allegedly a forex and CFDs broker based in Dominic that provides its clients with leverage up to 1:500, competitive spreads, no commissions and over 200 tradable products with two different account types and trading platforms including STATUS, Web Trader and STATUS for mobile.

Market Instruments

OptiMarkets advertises that it offers more than 200 trading instruments in financial markets, including 50+ forex currency pairs, commodities, stocks and indices.

Account Types

There are two live trading accounts offered by OptiMarkets, apart from demo accounts, namely Trainee (for beginners) and Expert (for advanced traders). Opening a Trainee account requires the minimum initial deposit amount of $250, while the Expert account with the much higher minimum initial capital requirement of $25,000.

Leverage

The maximum leverage ratio provided by OptiMarkets is much higher than most brokers, up to 1:500. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads & Commissions

OptiMarkets claims to provide its clients with competitive spreads and no commissions. However, we cant find anything more detailed on its official site in the absence of a login.

Trading Platform Available

When it comes to trading platforms available,OptiMarkets gives traders three choices: STATUS, Web Trader and STATUS for mobile. STATUS is advertised as a clear, easy to use, and functional trading platform. Web Trader features an intuitive interface, security services, great functionality and no additional installation needed. While with STATUS for mobile, traders can get everything on their phone, tablet, or any other gadget, and trading can be done from anywhere and at any time.

Deposit & Withdrawal

From the logos shown at the bottom of the home page on OptiMarkets official website, we found that this broker seems to accept a wide selection of payment methods including Wire Transfer, Piastrix, Verified by Visa, VISA, Maestro, MasterCard, and MasterCard SecureCode.

Customer Support

OptiMarkets customer support can be reached through telephone: EN: +447723870649, RU: +74953744530, email: compliance.en@optimarket.co or send messages online to get in touch. Besides, you can also follow this broker on some social media platforms like Facebook and Twitter. Company address: 8 Copthall, Roseau Valley, 00152 Commonwealth of Dominica.