Score

1.09 /10
Danger

Optinary

Saint Kitts and Nevis

Within 1 year

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Regulatory Index0.00

Business Index3.75

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

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No restriction on the broker account. Support service provided by WikiFX

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Warning: Low score, please stay away! 2
Previous Detection : 2024-09-21
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Optinary · Company summary
Optinary Review Summary in 6 Points
Registered Country/RegionSaint Kitts and Nevis
RegulationNot regulated
Demo AccountAvailable
Trading PlatformOptinary mobile app
Minimum Deposit$10
Customer SupportEmail: support@optinary.com

Optinary Information

Optinary's homepage

Optinary is a trading platform offering access to a diverse array of financial instruments including stocks, cryptocurrencies, commodities, indices, and forex. With a low minimum deposit requirement of $10 and no fees for deposits or withdrawals by the company itself, Optinary provides accessible entry into global markets. The platform features a user-friendly interface equipped with real-time market data, advanced trading tools, and responsive customer support. However, its lack of regulatory oversight and potential external fees for transactions are factors for users to consider.

Pros & Cons

ProsCons
Wide Range of AssetsRegulatory Status
Low Minimum DepositExternal Fees
No Deposit or Withdrawal FeesLimited Educational Resources
User-Friendly Interface

Pros:

Wide Range of Assets: Optinary offers trading opportunities across stocks, cryptocurrencies, commodities,indices, and forex, providing diversification options for investors.

Low Minimum Deposit: With a minimum deposit requirement of $10, the platform is accessible to beginners and allows users to start trading with a small initial investment.

No Deposit or Withdrawal Fees: Optinary does not charge fees for deposits or withdrawals, which can reduce costs for users.

User-Friendly Interface: The platform features an intuitive interface with real-time market data, detailed charts, and advanced trading tools like limit and stop-loss orders.

Cons:

Regulatory Status: Optinary's lack of visible regulatory oversight raises concerns about investor protection and platform reliability.

External Fees: While Optinary itself does not charge fees for transactions, users may incur fees from payment systems and face currency conversion costs.

Limited Educational Resources: Depending on user needs, the availability of educational materials or tools for learning trading strategies is limited compared to some competitors.

Is Optinary Legit?

No license

Optinary lacking valid regulation, poses significant risks as a financial platform. Without regulatory oversight, such entities in sectors often operate unchecked, exposing investors to fraud, manipulation, and significant financial losses. The absence of regulation means there are no established rules to ensure fair practices, transparency in operations, or investor protection.

Market Instruments

Optinary offers a diverse range of market instruments across various asset classes. Clients can trade stocks, providing opportunities to invest in shares of publicly traded companies, benefiting from their performance and dividends. The platform also supports trading in cryptocurrencies, enabling users to speculate on digital assets such as Bitcoin, Ethereum, and others. Commodities trading includes options to invest in physical goods like gold, oil, and agricultural products, providing avenues for portfolio diversification and hedging against inflation or market uncertainties.

Optinary further extends its offerings to include indices, allowing investors to trade on the collective performance of a group of stocks. Additionally, the platform facilitates forex trading, enabling users to engage in the foreign exchange market, where currencies are traded in pairs based on their relative values and market movements.

Accounts

Optinary offers two distinct account types: a demo account and a real account for different stages of trading proficiency and financial commitment. The demo account is designed for users to practice trading strategies without risking real money, providing a simulated environment to hone skills using virtual funds. It comes equipped with training materials aimed at helping beginners familiarize themselves with the platform and trading concepts. On the other hand, the real account allows users to engage in live trading with a minimum deposit requirement of $10, providing access to over 410 financial instruments.

Trading Platform

 Trading platform

Optinary offers a comprehensive trading platform designed to facilitate investment activities across various financial markets. The platform enables clients to execute trades on a wide array of financial instruments including stocks, cryptocurrencies, commodities, and indices. Users benefit from real-time market data, detailed charts, and technical analysis tools, empowering them to make informed investment decisions. Optinary's app is accessible for download on both Apple Store and Google Play.

Deposits & Withdrawals

Payment options 1
Payment options 2

Optinary offers a variety of convenient deposit and withdrawal options to accommodate its users' financial preferences. Accepted methods include Wire transfer, WebMoney, Tether, USDC, Skrill, Perfect Money, Neteller, Local Bank Transfer, and Bitcoin, providing flexibility for clients globally.

Minimum deposit amount

One of the platform's notable advantages is its low barrier to entry, with a minimum deposit requirement of just 10 US dollars, allowing investors to start trading with a modest initial investment. When it comes to withdrawing funds, Optinary aims for efficiency and customer satisfaction. Withdrawal requests typically take between one to five days to process from the date of submission, depending on the volume of requests being handled concurrently.

No fees for deposits and withdrawals

Optinary does not impose any fees for depositing or withdrawing funds from user accounts. However, it is important to note that while Optinary itself does not charge fees, external payment systems may apply their own fees and utilize their internal currency conversion rates.

Customer Service

Optinary offers customer support through their dedicated email address at support@optinary.com and maintains a presence online via their official website at https://www.optinary.com/. The company's customer service operations are physically based at Lighthouse Trust Nevis Ltd, Suite 1, A.L. Evelyn Ltd Building, Main Street, Charlestown, Nevis. This location serves as a central point for addressing client inquiries.

Conclusion

Optinary presents a robust trading platform for both novice investors and seasoned traders seeking diverse opportunities across global financial markets. With a minimum deposit requirement of just $10, the platform offers accessibility and low barriers to entry, allowing users to start trading stocks, cryptocurrencies, commodities, indices, and forex. Optinary's commitment to transparency is evident in its fee structure, where the company itself does not charge fees for deposits or withdrawals. Supported by responsive customer support and a physical presence in Charlestown, Nevis, Optinary ensures clients receive timely assistance and service.

Frequently Asked Questions (FAQs)

Is Optinary regulated?

No. It has been verified that this broker currently has no valid regulation.

Does Optinary offer demo accounts?

Yes.

Does Optinary offer the industry leading MT4 & MT5?

No. Instead, it offers Optinary mobile app.

What is the minimum deposit for Optinary?

$10.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

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