FXOptimax -Overview of Minimum Deposit, Spreads & Leverage
Abstract：FXOptimax was founded in 2009 and is currently operated by FXOptimax Ltd, a Saint Vincent and the Grenadines registered company holding a license number 21417 IBC 2013. However, there is zero evidence that FXOptimax is regulated by any regulatory agency, so it is an unregulated broker unsafe to trade with.
Note: FXOptimax's official website: https://www.fxoptimax-brazil.com/ is currently inaccessible normal.
| FXOptimaxReview Summary | |
| Founded | 2009 |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | Unregulated |
| Market Instruments | Forex, metals |
| Demo Account | / |
| Leverage | Up to 1:1000 |
| EUR/USD Spread | Average 1.9 pips |
| Trading Platform | MT4 |
| Min Deposit | $10 |
| Customer Support | Tel: +43 720145700 |
| Email: support@fxoptimax.com | |
| Company Address: Suite 305, Griffith Corporate Centre, Kingstown, Saint Vincent and the Grenadines, West Indies | |
FXOptimax was founded in 2009 and is currently operated by FXOptimax Ltd, a Saint Vincent and the Grenadines registered company holding a license number 21417 IBC 2013. However, there is zero evidence that FXOptimax is regulated by any regulatory agency, so it is an unregulated broker unsafe to trade with.
Pros & Cons
| Pros | Cons |
| Low minimum deposit | Unregulated |
| Unfunctional website | |
| Limited market offering | |
| Lack of demo accounts | |
| Wide spreads |
Is FXOptimax Legit?
No, FXOptimax operates without any valid regulations from any authorities. Your fund won't be safe on this platform.
What Can I Trade on FXOptimax?
FXOptimax offers trading in 46 popular forex pairs (including exotics), gold and silver.
| Trading Asset | Available |
| forex | ✔ |
| metals | ✔ |
| commodities | ❌ |
| indices | ❌ |
| energies | ❌ |
| stocks | ❌ |
| cryptocurrencies | ❌ |
Account Type/Fees
FXOptimax offers its clients a choice of three account types – 4-Digits, Precision and Pro.
| Account Type | Min Deposit | Min Trade Size | Max Leverage | Avg EUR/USD Spread | Commission |
| 4-Digits | $10 | 0.01 | 1:1000 | Fixed, 2 pips | ❌ |
| Precision | $10 | 0.01 | 1:1000 | 2 pips | ❌ |
| Pro | $100 | 0.01 | 1:500 | 0.2 pips | $2 per $100k traded |
Leverage
Trading leverage is associated with account balance (in USD). FXOptimax offers the leverage up to 1:1000, which is absurdly high. Keep in mind that trading with an unregulated broker offering such high leverage is really not a good option. Leverage can magnify returns as well as risks.
Spread
FXOptimax advertises that it offers spreads as low as 0 pips. The average spread on the EUR/USD pair is 1.9 pips, GBP/USD 2.2 pips, USD/JPY 1.9 pips, USD/CHF 1.8 pips, AUD/USD 2.2 pips, USD/CAD 3.1 pips, XAU/USD (gold) 19.1 pips, XAG/USD (Silver) 2.47 pips.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Windows, Android, iOS | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
FXOPTIMAX claims to accept deposits and withdrawals via credit/debit card, wire transfer, local payment agents, or e-wallets Neteller, Skrill, FasaPay, OKPay, Perfect Money and China UnionPay.
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