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FXOptimax -

Score

1.48 /10
Danger

FXOptimax

Saint Vincent and the Grenadines

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

http://www.fxoptimax-brazil.com

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Score

Regulatory Index0.00

Business Index6.78

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
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Licenses

No valid regulatory information, please be aware of the risk

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Regulatory disclosure

Danger

ID BAPPEBTI
2022-02-02
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Warning: Low score, please stay away!
Previous Detection : 2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

FXOptimax · Company summary

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

FXOptimaxReview Summary
Founded2009
Registered Country/RegionSaint Vincent and the Grenadines
RegulationUnregulated
Market InstrumentsForex, metals
Demo Account/
LeverageUp to 1:1000
EUR/USD SpreadAverage 1.9 pips
Trading PlatformMT4
Min Deposit$10
Customer SupportTel: +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.

FXOptimax

Pros & Cons

ProsCons
Low minimum depositUnregulated
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.

No license

What Can I Trade on FXOptimax?

FXOptimax offers trading in 46 popular forex pairs (including exotics), gold and silver.

Trading AssetAvailable
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 TypeMin DepositMin Trade SizeMax LeverageAvg EUR/USD SpreadCommission
4-Digits$100.011:1000Fixed, 2 pips❌
Precision$100.011:10002 pips❌
Pro$1000.011:5000.2 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.

Leverage

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 PlatformSupported Available Devices Suitable for
MT4✔Windows, Android, iOSBeginners
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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FX1456398428
more than one year
I thought FXOptimax had a decent trading environment, but it quickly went downhill. I experienced constant slippage and the customer service was of no help at all. To make matters worse, they kept pressuring me to deposit more and more funds into my account. It's disappointing to see a broker that starts off seeming reliable and then disappoints you so badly.
I thought FXOptimax had a decent trading environment, but it quickly went downhill. I experienced constant slippage and the customer service was of no help at all. To make matters worse, they kept pressuring me to deposit more and more funds into my account. It's disappointing to see a broker that starts off seeming reliable and then disappoints you so badly.
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2023-03-29 10:05
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