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No Regulation
Score
1.12 /10
Danger
Optinary
1-2 yearsSuspicious Regulatory License
High potential risk
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Comparison
Expose
Exposure
Time Machine
Website
Score
Regulatory Index0.00
Business Index4.03
Risk Management Index0.00
Software Index4.00
License Index0.00
Time Machine
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
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Warning: Low score, please stay away!
2
Previous Detection :
2024-11-12
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
| 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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