FXOptimax is a retail trading broker that operates from Saint Vincent and the Grenadines. The broker operates the STP/ECN execution model, which ensures transparency and no conflict of interest. The broker allows clients to trade several financial instruments (including forex, metals, CFDs, and more) using the MetaTrader 4 trading platform. Traders are provided with some useful trading and learning tools, and there is also a knowledgeable client support team that is available to respond to clients’ inquiries. The least deposit required to open a live trading account is $10.
FXOptimax Review Introduction
In this FXOptimax 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 FXOptimax.
FXOptimax Platforms & Tools
Trades are executed on the MetaTrader 4 trading platform. It is a powerful trading platform that was launched in 2005 by MetaQuotes, and it is the platform of choice for many forex and CFD traders. the platform is easy to use yet packed with several complex trading functionalities, including one-click trading, automation of trades via expert advisors, and more. The MT4 trading platform is available as a desktop application for Windows and Mac computers; WebTrader that can run directly on Chrome, Safari, Firefox, Edge, and other modern web browsers; and a mobile app that is designed for Android and iOS devices. The mobile app can be freely downloaded from the relevant app stores and used to place trades and check trading positions anytime and from anywhere in the world.
Traders can monitor and copy the trades of professional traders with just a single click. This is done using the FXOptimax Forex Copy, a proprietary trading tool provided by the broker. Other standalone trading tools, including the Margin calculators, are also provided to assist traders.
FXOptimax Research & Education
FXOptimax provides traders with a good selection of educational resources to help them in making knowledgeable trading decisions. These include forex trading courses, announcements, and news that keeps them in the know on the factors that control the financial markets.
FXOptimax Trading Accounts
Traders are allowed to create a single live trading account with a minimum deposit of $10. There is also a demo account for trying out the broker’s platforms before opening a real trading account.
FXOptimax Account Funding
Clients can deposit and withdraw funds to and from their trading accounts using any of the following payment methods: cryptocurrency, e-payments, and local exchangers.
FXOptimax Customer Service
Traders are provided with a knowledgeable client support team to respond to their various trading inquiries through the following contact channels: telephone, email, social media, Live Chat, or by filling the contact form on the broker’s website.
The broker is operated by FXOptimax Limited, a registered company in Saint Vincent and the Grenadines with the license number 21417 IBC 2013. There is no regulatory information on the broker’s website at the moment. An unregulated brokerage firm does not guarantee the safety of clients’ funds.
FXOptimax Review Summary
FXOptimax is a retail trading broker that offers access to trade several financial markets via the MT4 trading platform. The broker has a selection of useful trading and learning tools and also provides a client support team to assist traders. The least deposit required to operate a live account is $10, while leverage of up to 1:1000 is available. However, the broker is not regulated by any well-known financial authority at the moment.
It is worth mentioning that some of the trading products and services in this FXOptimax 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 FXOptimax 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.