Oqtima

Oqtima Information

Established in 2020 and registered in Cyprus, Oqtima operates as a broker offshore regulated by the Seychelles Financial Services Authority (FSA), and regulated by the Cyprus Securities and Exchange Commission(CYSEC).

The company offers seven asset classes: forex, indices, metals, cryptocurrencies, stocks, ETFs, and energies. It also provides access to the MT4 and MT5 trading platforms and supports demo accounts.

Pros and Cons

Is Oqtima Legit?

Oqtima is under the offshore regulation of the Seychelles Financial Services Authority (FSA), holding License number SD109.

Oqtima is under the regulation of the Cyprus Securities and Exchange Commission(CYSEC), holding License number 406/21.

What Can I Trade on Oqtima?

Oqtima provides access to more than 80 popular trading products including forex, indices, metals, cryptocurrencies, stocks, ETFs.

• Forex: Trade over 80 currency pairs with light execution speeds.
• Indices: OQtima has one of the largest ranges of CFD indices in the industry to trade long or short.Trade CFDs on indices and speculate on the performance of the various stock markets around the world now.
• Shares: With OQtima you can trade all the most sought after and hottest shares, long or short, with MT4.
• Metals: Trade Gold and Silver crosses with spreads starting from 0.0 pips.
• Cryptocurrencies: 45+ Crypto crosses to trade, instantly access top cryptocurrencies like Bitcoin and Ethereum. Trade pairs like BTC/USD, ETH/USD, LTC/USD, and more.
• ETF: Pick among 100 of the most widely traded ETFs now.
• Energies: Trade three types of energy commodities via CFDs.

Account Types

Oqtima offers two types of accounts: ECN Account, and ONE Account. It also offers demo accounts and Islamic accounts for traders.

The minimum deposit for an ECN account is $100, spreads start at 0 and commissions are $3. In contrast, the ONE account has a minimum deposit of $100 and is commission-free, with spreads starting at 1.

To open an account, the user will be prompted to fill in personal information on this page, including name， country and password, email, and phone number.

Then press the ‘CONTINUE’ button to complete the account creation process.

Leverage

ECN Account, and ONE Account have a leverage of 1:1000. High leverage means high returns but also high risk.

Oqtima Fees

Oqtima's spread and commission structure differs across account types.

The ECN Account offers spreads starting from 0 and charges a commission of $3, while both the ONE Account have spreads starting from 1 but do not charge any commission.

Here is the specific spreads table of different trading assets:

Trading Platform

Oqtima offers MetaTrader 4 and MetaTrader 5 platforms.

Deposit & Withdrawal

Oqtima offers deposit and withdrawal methods including credit/debit cards, crypto funding, international bankwire, UK bankwire, local banking, STICPAY, PIX, and e-wallets. All deposit and withdrawal methods have no fees.

Minimum deposit: Oqtima offers $100 or the equivalent in any supported local currency for deposits.

DepositProcessing Time:

• Deposits via Credit/Debit Cards, Crypto Funding, STICPAY, PIX, E-Wallets, and UK Bankwire( If made within UK business days/hours)are processed instantly.
• Local Banking are processed 10 minutes if made within the bank's business days/hours.
• International Bankwire deposits take 3-5 business days to process.

Withdrawal Processing Time:

• Requests are processed within one business day.