OPTINARY Spreads, leverage, minimum deposit Revealed
WikiFX | 2024-11-11 15:24Abstract：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 Review Summary | |
| Founded | 2024 |
| Registered Country/Region | Nevis, Cyprus |
| Regulation | Not regulated |
| Market Instruments | Forex, Commodities, Indices, Shares, Cryptocurrencies |
| Demo Account | ✅ |
| Spread | From 2 pips (Forex) |
| Trading Platform | Web-based |
| Min Deposit | $10 |
| Customer Support | Phone: 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.
Pros and Cons
| Pros | Cons |
| Low minimum deposit of $10 | Not regulated |
| Offers a demo account for practice | Limited customer support |
| Provides over 410 trading instruments | High spreads (up to 2 pips ) |
Is Optinary Legit?
Optinary is unregulated.
What Can I Trade on Optinary?
Optinary offers a large range of trading instruments, including over 410 financial assets.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Shares | ✔ |
| Cryptocurrencies | ✔ |
| ETFs | ❌ |
| Bonds | ❌ |
Account Types
Optinary provides two main account types: a demo account and a real account.
An Islamic (swap-free) account is also available.
| Account Type | Minimum Deposit | Key Features | Suitable For |
| Demo Account | $0 | Practice trading with virtual funds | Beginners |
| Real Account | $10 | Access to all instruments and features | All traders |
| Islamic Account | $10 | Swap-free trading | Traders seeking Sharia-compliance |
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.
| Instrument | Spread | Commission |
| EUR/USD | From 2 pips | None |
| Gold | From 0.5 pips | None |
| BTC/USD | From 1% | None |
Non-Trading Fees
Optionary asks for some kinds of non-trading fees.
| Fee Type | Details |
| Dormant Account | $10/month after 90 days of inactivity |
| Withdrawal Fees | 2% after 1 free withdrawal per month |
| Currency Conversion Fee | Up to 3% |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable For |
| Optinary APP | ✔ | Desktop, Mobile | All traders |
| MT4 | ❌ | - | - |
| MT5 | ❌ | - | - |
Deposit and Withdrawal
Optinary does not charge fees for deposits and withdrawal.And the minimum deposit is $10.
| Deposit Options | Min. Deposit | Fees | Processing Time |
| Bank Transfer | $10 | Free | 1-3 Business Days (Up to 5 days when withdrawing) |
| Credit/Debit Card(VISA, Mastercard) | $10 | Free | Instant |
| E-Wallets(Advcash, Perfect money) | $10 | Free | Instant |
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