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 |
Low minimum deposit | Unregulated |
Unfunctional website | |
Limited market offering | |
Lack of demo accounts | |
Wide spreads |
No, FXOptimax operates without any valid regulations from any authorities. Your fund won't be safe on this platform.
FXOptimax offers trading in 46 popular forex pairs (including exotics), gold and silver.
Trading Asset | Available |
forex | ✔ |
metals | ✔ |
commodities | ❌ |
indices | ❌ |
energies | ❌ |
stocks | ❌ |
cryptocurrencies | ❌ |
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 |
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.
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 | Supported | Available Devices | Suitable for |
MT4 | ✔ | Windows, Android, iOS | Beginners |
MT5 | ❌ | / | Experienced traders |
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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According to the Broker, The website (https://mcmarkets.com) is owned and operated by MAGIC COMPASS GLOBAL LIMITED and MAGIC COMPASS LTD. MAGIC COMPASS GLOBAL LIMITED is a registered entity in Seychelles registered at IMAD Complex, Office 12, 3rd Floor, Ile Du PORT, Mahe, Seychelles, Registration Number: 8434985-1