FXOptimax is a well-established broker since 2009. FXOptimax has a headquarter in St. Vincent & Grenadines. FXOptimax to provide their Forex/CFD trading services to over 4 million clients.
This broker has also been regulated by SVGFSA 21417.
There is no regulatory information on the FXOptimax site so you should be careful to trade with offshore regulated brokers as they cannot offer protection as secure as regulated brokerage firms. Established in 2009, FXOptimax is an online financial service provider in the form of an online forex broker with STP system. They provide traders with a user-friendly trading platform, allowing clients to get real-time prices and very fast order processing while keeping things as easy as possible.
Apart from the forex demo account, this broker offers FXOptimax Precision. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by FXOptimax is up to 1: 1000. Meanwhile, you can open an account with a starting capital of $10.
- FXOptimax Precision: The minimum deposit is $10 and allows a minimum stake size of 0.01 lots. With variable spreads, you are supported by hedging capability, trailing stop, pending orders, one-click trading, mobile trading, and automated trading.
If you want to look for a more simple explanation regarding this broker's account type(s), take a look at the following chart:
There is no charge for overnight positions as All FXOptimax accounts are Islamic swap-free by default. FXOptimax offers clients a live trading account with a minimum deposit of $10 and leverages up to 1:1000. FXOptimax offers very tight spreads to maximize your profit potential. The average spread for popular pairs like USD/JPY and EUR/USD is 1.9 while GBP/USD is 2.2.
As broker fees may vary and change, there may be additional fees not listed in this FXOptimax review. It is very important to ensure and understand all the latest information before opening an account with FXOptimax.
FXOptimax provides several payment options for the convenience of clients so that they can deposit through various services available in each country where the client is located. If you are from Indonesia, there are local payment agents such as IjolPedian, HarvesterForex, and others that serve payments using Rupiah.
Deposits will be processed instantly, while withdrawal requests will take 1 day. Weekend requests will be processed Monday. FXOptimax does not charge any withdrawal fees, except for Tether for $5 and FasaPay for 0.5% (which FXOptimax covers up to IDR 50,000). Please note, you must withdraw via the same method as via deposit.
FXOptimax supports a range of payment methods:
Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.
FasaPay : Known as an e-payment for retail forex traders, FasaPay does not require a huge amount of fee, giving it a competitive edge among any other e-payments in the forex brokerage industry. Instant process is also featured as one of its advantages.
FXOptimax also provides payment with UnionPay, Tether (USDT), Perfect Money and Credit/debit cards
Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.
Hereby, FXOptimax offers you MetaTrader 4.
- MT4: MetaTrader 4 allows you to implement a complete range of strategies with interactive charts, a full set of orders, stops, and trading history. In MT4 there are many built-in technical analysis tools to find out market directions, trends, and patterns that can be implemented in 9-time frames, from one minute to one month. MetaTrader 4 features algorithmic trading (automated trading), so you can develop Expert Advisors and technical indicators.
There is the FXOptimax Forex Copy which allows traders to monitor and copy other people's trades with just one click. This allows beginners to copy signals while learning and trying to find the best strategy for them. However, there is no guarantee that the order will be profitable, so you need to select based on the trader's history of performance.
Research and Education
The broker's website is packed with some research and educational resources, such as forex trading courses, news and announcements, and more.
- Margin Calculator: use this calculator to calculate the required margin amount and price per pip.
- Forex for Beginners: basic forex knowledge about forex trading and how to make a profit.
Bonuses and Promotions
FXOptimax currently offers clients up to 2 deals:
- 25% deposit bonus with a $1,000 maximum which can be withdrawn after the terms and conditions are met. This bonus will increase your margin and profit.
- IDR10,000 Fixed Rate exclusively for Indonesian traders. Fixed rates are available for deposit and withdrawal options via selected local exchanges and FasaPay. Clients who already have accounts can add an MT4 fixed rate via MyFXOptimax, without the need to re-register.
Do you have any question or find any trouble related to FXOptimax? If you do, you should reach FXOptimax's support to get the information that you need. Here is the detail of the broker's customer support:
Help is available via telephone, email, social media, Live Chat, or by filling the contact form on the broker's website.
FAQ About FXOptimax
A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if FXOptimax is a good broker for you or not by reviewing the criteria. In general, FXOptimax provides trading service in Forex . As for the payment methods, you can choose between Wire transfer, Credit/debit cards, UnionPay, Perfect Money, FasaPay and Tether (USDT). The customer support is available via Email, Web form, Phone, Live chat and Office.
The starting capital in FXOptimax is $10.
FXOptimax is regulated by SVGFSA 21417. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.
FXOptimax is a brokerage company offering trading services for clients since 2009 with offices in St. Vincent & Grenadines.