FXOptimax -Overview of Minimum Deposit, Spreads & Leverage

Note: FXOptimax's official website: https://www.fxoptimax-brazil.com/ is currently inaccessible normal.

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

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.

Account Type/Fees

FXOptimax offers its clients a choice of three account types – 4-Digits, Precision and Pro.

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

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.