Score

1.15 /10
Danger

Optinary

Saint Kitts and Nevis

1-2 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Comparison

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Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index4.24

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

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

Single Core

1G

40G

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Warning: Low score, please stay away!
Previous Detection : 2024-12-24
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Optinary · Company summary
Optinary Review Summary
Founded2024
Registered Country/RegionNevis, Cyprus
RegulationNot regulated
Market InstrumentsForex, Commodities, Indices, Shares, Cryptocurrencies
Demo Account
SpreadFrom 2 pips (Forex)
Trading PlatformWeb-based
Min Deposit$10
Customer SupportPhone: Not specified
Email: Not specified
24/7 Online Chat: ×
Physical Address: Lighthouse Trust Nevis Ltd, Suite 1, A.L. Evelyn Ltd Building, Main Street, Charlestown, Nevis

Optinary Information

Optinary is a newly launched trading platform. It gives access to FX and cryptocurrencies among other instruments. Starting traders would find its cheap minimum deposit of $10 perfect. Its lack of control, though, puts a great danger to investors.

Optinary Information

Pros and Cons

ProsCons
Low minimum deposit of $10Not regulated
Offers a demo account for practiceLimited customer support
Provides over 410 trading instrumentsHigh spreads (up to 2 pips )

Is Optinary Legit?

Optinary is unregulated.

Is Optinary Legit?

What Can I Trade on Optinary?

Optinary offers a large range of trading instruments, including over 410 financial assets.

Tradable InstrumentsSupported
Forex
Commodities
Indices
Shares
Cryptocurrencies
ETFs
Bonds
What Can I Trade on Optinary?

Account Types

Optinary provides two main account types: a demo account and a real account.

An Islamic (swap-free) account is also available.

Account TypeMinimum DepositKey FeaturesSuitable For
Demo Account$0Practice trading with virtual fundsBeginners
Real Account$10Access to all instruments and featuresAll traders
Islamic Account$10Swap-free tradingTraders seeking Sharia-compliance
Account Types
Account Types

Optinary Fees

Trading Fees

Spreads and Commissions

Optinary applies spreads starting from 2 pips on forex pairs. Mark-ups and swap fees vary based on market conditions.

InstrumentSpreadCommission
EUR/USDFrom 2 pipsNone
GoldFrom 0.5 pipsNone
BTC/USDFrom 1%None
Optinary Fees

Non-Trading Fees

Optionary asks for some kinds of non-trading fees.

Fee TypeDetails
Dormant Account$10/month after 90 days of inactivity
Withdrawal Fees2% after 1 free withdrawal per month
Currency Conversion FeeUp to 3%
Non-Trading Fees

Trading Platform

Trading PlatformSupportedAvailable DevicesSuitable For
Optinary APPDesktop, MobileAll traders
MT4--
MT5--
Trading Platform

Deposit and Withdrawal

Optinary does not charge fees for deposits and withdrawal.And the minimum deposit is $10.

Deposit OptionsMin. DepositFeesProcessing Time
Bank Transfer$10Free1-3 Business Days (Up to 5 days when withdrawing)
Credit/Debit Card(VISA, Mastercard)$10FreeInstant
E-Wallets(Advcash, Perfect money)$10FreeInstant
Deposit and Withdrawal
Deposit and Withdrawal
Deposit and Withdrawal

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