Forex Optimum is a retail broker that is based in Kingstown, Saint Vincent and the Grenadines. The broker was launched in 2009 and has since become quite popular, with an extensive international partner network from over 26 countries and over 10 million processed transactions. They provide traders with the MT4 platform for trading several financial instruments, such as forex, shares, metals, indices, energies, CFDs, and more. Their clients also have access to a selection of useful trading and learning tools, while a client support team is available to assist them. The minimum deposit required to open a live trading account is $10.
Forex Optimum Review Introduction
In this Forex Optimum review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including Forex Optimum.
Forex Optimum Platforms & Tools
Forex Optimum provides traders with the MetaTrader 4 trading platform, which was launched in 2005 by the Russian software company, MetaQuotes. The platform is equipped with lots of useful trading tools, such as one-click trading, support for automated trading via expert advisors, and many more. Forex and CFD traders consider the MT4 the platform of choice due to its simple interface. The broker makes the MT4 trading platform available as a desktop application for Windows and Mac computers; WebTrader that can run directly on most modern web browsers; and a mobile app that is compatible with smartphone devices running on Android and iOS systems. The mobile app can be downloaded from the relevant app stores, and it is suitable for those who want to access their accounts and trade on the go.
Traders are also provided with a range of standalone trading tools to enhance their trading experience. These include Economic Calendar, Trading Signals, and more.
Forex Optimum Research & Education
The broker provides traders with a good selection of educational resources to improve their trading skills and knowledge. They include market news, trading guides, and more.
Forex Optimum Trading Accounts
Traders can choose the account type that best suits them from a choice of two live trading accounts, namely: Cent Account and Standard Account. They have minimum required deposits of $10 and $300 respectively. There are low spreads from 1.2 pips and leverage of up to 1:1000. A demo account is also provided for practice purposes.
Forex Optimum Account Funding
Account deposit and withdrawal requests at Forex Optimum are processed using the following payment methods:
- Credit/Debit cards
- Bank wire transfer
Forex Optimum Customer Service
The broker’s customer support team is always ready to respond swiftly to traders’ inquiries via the following contact channels: telephone, email, and social media.
Forex Optimum Regulation
Forex Optimum is owned and operated by Forex Optimum Group Limited with registration number 20603 IBC 2012. However, there is no regulatory information on the broker’s website at the moment, which can pose a red flag to most potential traders and investors.
Forex Optimum Review Summary
Forex Optimum is an online forex and CFD broker that was established in 2009 in Saint Vincent and the Grenadines. They provide traders with the MT4 trading platform for trading several assets online. Traders are provided with some useful trading and learning tools, while a customer support team is available to assist. The minimum deposit required to open a live trading account is $10. However, the broker is not regulated by any known financial authority at present.
It is worth mentioning that some of the trading products and services in this Forex Optimum review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the Forex Optimum broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.