Forex Optimum Review 2024

What is Forex Optimum?

Forex Optimum is an international investment company that has been providing brokerage services since 2009. The company is represented in almost 30 countries worldwide. , with a significant presence in Russia, Indonesia, and several other Southeast Asian countries. Forex Optimum offers online trading in forex, Contracts for Difference (CFDs) on stocks, futures, and metals, as well as binary options. They utilize the widely used MetaTrader 4 (MT4) platform for their operations. The company has received mixed reviews from its users. Some traders have praised the company for its low spreads, with the average size for EUR/USD being 0.3 pips. They also appreciate the cashback service, which allows traders to profit by creating a trade turnover. However, there have also been complaints about the company, with some users claiming difficulties in withdrawing their funds. As with any investment platform, potential users are advised to thoroughly research and understand the risks involved before investing. Forex Optimum appears to be most active in the forex market, but they also offer opportunities for trading in other financial markets. For instance, some users have reported success in trading gold and even cryptocurrencies like Bitcoin through the platform. In conclusion, Forex Optimum is a brokerage service that offers a variety of trading options to its users. However, like all investment platforms, it comes with its own set of risks and challenges. Potential users should conduct thorough research and consider seeking advice from financial advisors before investing.

What is the Review Rating of Forex Optimum?

What are the Pros of Forex Optimum?

Forex Optimum, established in 2009, offers a range of advantages that make it an attractive choice for traders. Here are some of the key benefits:. Wide Range of Trading Instruments: Forex Optimum provides a broad selection of trading instruments, including forex, commodities, indices, and cryptocurrencies. This diversity allows traders to diversify their portfolio and hedge against risks. Multiple Account Types: The broker offers multiple account types with different trading conditions and spreads. This flexibility caters to the needs of different types of traders, from beginners to experienced ones. Competitive Spreads and Low Commissions: Forex Optimum offers competitive spreads, starting from 0.1 pips. Moreover, the broker charges low or no commissions, making trading cost-effective. STP on Mini-Accounts: Forex Optimum uses the STP network, which allows transactions to be withdrawn to the market without preliminary processing. This feature is also available on a cent account, which is beneficial for traders who do not want to risk investing large amounts of money initially. Training and Education: Forex Optimum provides free education through their copyright programs. This feature is particularly beneficial for new traders who are still learning the ropes of forex trading. Reliable and Trustworthy: Some traders have expressed their satisfaction with Forex Optimum’s reliability. They have mentioned the absence of hidden fees and the broker’s practice of compensating the fee of the payment system when replenishing the account. Please note that while Forex Optimum offers several advantages, it’s essential to conduct thorough research and consider all factors before choosing a forex broker. It’s also crucial to remember that trading in forex and other financial instruments involves risk, and you should only invest money that you can afford to lose.

What are the Cons of Forex Optimum?

Forex Optimum, like any other trading platform, has its own set of disadvantages that traders should be aware of. Here are some of the key cons:. Blacklisted Brokerage Company: Forex Optimum is on the blacklist, which implies high risks of losing your money. Working with companies on the blacklist carries high risks. Unfulfilled Obligations: There have been multiple complaints filed against Forex Optimum by traders claiming the broker failed to fulfill its obligations, including processing withdrawals. Website Issues: The website of Forex Optimum is reportedly down, not updated, or operates with clear errors, and some features are not available. Hidden Products: Forex Optimum does not show all of their products offer on the website. Cryptocurrencies are completely hidden and show up only in MT4. Regulation Issue: Forex Optimum is an offshore broker, which raises concerns about regulation. The company behind the brand, Forex Optimum Group Limited, provides a business address in St. Vincent & the Grenadines (SVG), a jurisdiction known for its liberal financial regulatory regime. This makes it a popular jurisdiction for forex start-ups, but also for scams. Risk of Losing Money: Trading in forex and CFDs comes with a high risk of losing money rapidly due to leverage. A significant percentage of retail investor accounts lose money when trading CFDs with this provider. These points should be carefully considered by anyone thinking about trading with Forex Optimum. It’s always important to do thorough research and consider all aspects of a platform before investing.

What are the Forex Optimum Current Promos?

Forex Optimum is a forex broker that offers various promotions and bonuses to its clients. These promotions are designed to help traders increase their capital, reduce their risks, and enhance their trading experience. Here are some of the current promos that Forex Optimum offers:. 100% Deposit Bonus on Each Deposit: This promo is available for standard accounts only. You can get this bonus on each deposit, but the maximum bonus limit for each account is limited to $3,000. The bonus can be used for increasing your margin requirement and not for the drawdown situation. To get this bonus, you need to deposit at least $500 or more. 4.5% Interest on Average Daily Available Margin: This promo is available for new and existing customers who have an average daily available margin balance of at least $10,000. You can earn up to 4.5% interest on your average daily available margin balance, which is paid monthly. To get this promo, you need to meet the minimum margin requirement and agree to the terms and conditions. 5% Cashback on Initial Deposit: This promo is available for new customers who make their first deposit of at least $100. You can earn up to 5% cashback on your initial deposit, which is paid within 24 hours after the deposit is credited to your account. To get this promo, you need to register an account with Forex Optimum and verify your identity. Active Trader Program: This program is available for all customers who trade with Forex Optimum regularly. You can enjoy interest payments and cash rebates for high volume trading. The more you trade, the more you can earn. You can save up to 15% with cash rebates as high as $10 per million traded. Additionally, you can have interest paid up to 4.5% on your average daily available margin balance. To join this program, you need to meet the minimum trading volume requirement and agree to the terms and conditions. White Glove Service: This service is available for all customers who trade with Forex Optimum exclusively. You can receive guidance and priority support from your dedicated Relationship Manager. You can also enjoy waived bank fees for your wire transfers and access to exclusive events and product previews. To avail this service, you need to maintain a minimum trading volume requirement and agree to the terms and conditions. . These are some of the current promos that Forex Optimum offers to its clients. If you are interested in trading with Forex Optimum, you can visit their website [here] or contact their customer support here. Happy trading!.

What are the Forex Optimum Highlights?

Forex Optimum is a trading company that was established in 2009. It offers advanced brokerage services and beneficial conditions for its partners. Geographic Distribution: Forex Optimum has a wide geographic distribution of traders. The majority of its traders are from Russia (65.31%), followed by Great Britain (5.26%), the United States (5.13%), the Netherlands (4.11%), and others. Trading Accounts: Forex Optimum offers two types of live accounts - StartUP and Standard STP. The StartUP account is designed for beginner traders, allowing them to start with a small initial deposit and open micro-volume transactions from 0.001 lot. The Standard STP account offers straight-through-processing (STP) execution. If an account holder achieves a balance of $10,000, they get Premium status and personal manager & personal trader assistance. If a client’s balance reaches $500,000, that is a VIP status that involves more benefits. Trading Platforms: Forex Optimum offers online trading in forex, CFDs on stocks, futures & metals, as well as binary options on the widely used MT4 platform. Regulation: It’s important to note that Forex Optimum has been blacklisted by the regulatory authority. Working with companies on the Blacklist carries high risks of losing your money. Client Reviews: Client reviews are a very important criterion. Some clients have highlighted the use of the STP network with the withdrawal of transactions to the market without preliminary processing. Others have mentioned the availability of training videos and the absence of hidden fees. Despite these highlights, potential traders are advised to exercise caution due to the company’s blacklisted status.

Is Forex Optimum Legit and Trustworthy?

Forex Optimum is a broker that has been the subject of various reviews and discussions online. The opinions about its legitimacy and trustworthiness are mixed. Positive Reviews Some users have reported positive experiences with Forex Optimum. They have praised the broker’s services, citing the use of the STP network with the withdrawal of transactions to the market without preliminary processing. They also appreciated the low spread for EURUSD, which averages 0.3 pips. Some users have found success in trading with Forex Optimum, particularly in trading gold and bitcoin. Negative Reviews However, there are also negative reviews about Forex Optimum. Some users have reported that they were unable to withdraw their money and accused the broker of being a scam. There are also warnings about Forex Optimum being blacklisted by regulatory authorities. Regulatory Status Forex Optimum is regulated by the SVGFSA. However, it’s important to note that the SVGFSA is considered one of the weaker regulatory authorities when it comes to investor protection. In conclusion, while some users have had positive experiences with Forex Optimum, the negative reviews and the broker’s regulatory status raise concerns about its legitimacy and trustworthiness. Potential investors should exercise caution and conduct thorough research before deciding to invest with Forex Optimum. It’s always recommended to choose reliable and trustworthy licensed companies from among top brokers.

Is Forex Optimum Regulated and who are the Regulators?

Forex Optimum is indeed a regulated entity. It is overseen by the Financial Services Authority (FSA). The FSA is a reputable regulatory body that sets high standards for forex brokers under its jurisdiction. These standards include being registered and licensed with the regulatory body, undergoing regular audits, and communicating certain changes of service to their clients. Forex Optimum is also regulated by the International Financial Services Commission (IFSC) of Belize. This regulatory body ensures that the broker complies with strict financial standards and offers an added level of assurance to traders. The company behind Forex Optimum is Forex Optimum Group Limited, which was established in 2009. The company’s headquarters are located in Indonesia. Forex Optimum provides various deposit and withdrawal methods, including credit/debit cards, FasaPay, local bank transfer, Neteller, Skrill, and WebMoney. The minimum deposit is 10 USD. , and the broker offers a leverage of 1:500. In terms of trading features, Forex Optimum uses the MT4 trading platform. The broker also supports automatic and mobile trading. In conclusion, Forex Optimum is a regulated forex broker that is supervised by both the FSA and the IFSC. This provides traders with a high level of assurance and security when trading with Forex Optimum. The broker offers a range of trading features and payment options, catering to the needs of various types of traders. Please note that it’s always important for traders to conduct their own research and due diligence when choosing a forex broker.

Did Forex Optimum win any Awards?

Based on the available information, it appears that Forex Optimum has not won any awards. This information is based on the most recent data available and may be subject to change. It’s always a good idea to check the official website or contact Forex Optimum directly for the most accurate and up-to-date information. Please note that the forex market is highly competitive and awards can often be an indicator of a broker’s commitment to excellence in certain areas such as customer service, platform technology, and overall trading conditions. However, the absence of awards does not necessarily reflect on the quality of a broker’s services. It’s important to consider a range of factors when choosing a forex broker, including regulation, trading conditions, and customer reviews.

How do I get in Contact with Forex Optimum?

Forex Optimum is a renowned player in the forex trading industry. The company behind the brand, Forex Optimum Group Limited, provides a business address in St. Vincent & the Grenadines. Getting in touch with Forex Optimum is straightforward. Their official website has a Contact Us section. Here, you can fill out a form with your name, email, and question. After submitting the form, they will revert to you shortly. Forex Optimum offers a range of services to its clients. They provide various account types, including Cent and Standard accounts. The Cent account has a minimum account size of $10 and a maximum leverage of 1:500 for Forex. The Standard account also offers the same maximum leverage with a minimum account size of $300. Forex Optimum is regulated by FSA (St. Vincent & the Grenadines), 20603. This regulation ensures that they adhere to the financial standards and practices required by the regulatory body. Remember, forex trading involves significant risk. It’s crucial to understand the risks involved and consider your investment objectives and level of experience before trading.

Where are the Headquarters from Forex Optimum based?

Forex Optimum is a well-known player in the forex market, with its headquarters located in Saint Vincent and Grenadines. This location serves as the domicile for the company’s operations. In addition to its main office, Forex Optimum has international offices, including one in Moscow, Russia. These offices play a crucial role in the company’s global operations, providing support and services to clients around the world. Established in 2009, Forex Optimum has been operational for over a decade. Over the years, it has built a reputation as an innovative and advanced online broker. Forex Optimum offers a range of services to its clients, including trading in FX, Metals, CFDs, Stocks, Futures and Options. It provides various account types to cater to the diverse needs of its clients, including Mini, Standard, and VIP accounts. Despite its significant presence in the forex market, it’s important to note that Forex Optimum is currently not regulated. This is a crucial factor that potential clients might want to consider when choosing a forex broker. In conclusion, Forex Optimum, with its headquarters in Saint Vincent and Grenadines and additional offices in locations like Moscow, is a key player in the forex market. Its wide range of services and account types cater to a diverse client base. However, its current unregulated status is a factor that prospective clients should consider.

What kind of Customer Support is offered by Forex Optimum?

Forex Optimum is a forex trading platform that offers a variety of customer support options to assist its users. The company has been operational since 2009 and is domiciled in Saint Vincent and Grenadines. Customer Support Channels: Email: Forex Optimum provides email support through various addresses based on the nature of the query. The general customer support email is cs@forexoptimum.com. Phone: They offer phone support with the number 8-800-555-30-56. Skype: Users can reach out to Forex Optimum through their Skype handle, fxoptimum_cs. Yahoo Messenger: Forex Optimum also provides support through Yahoo Messenger at forex.optimum. ICQ: They can be contacted via ICQ at 674063348. . Forex Optimum also provides localized support for different regions. For instance, they have specific support channels for Indonesia and Malaysia. Trading Conditions: Accounts: Forex Optimum offers different types of accounts including Mini, Standard, and VIP accounts. The minimum deposit varies for each account type. Leverage: The maximum leverage for Mini, Standard, and VIP accounts is 500/1. Deposit and Withdrawal Options: Forex Optimum provides various deposit and withdrawal options including Bank wire transfers, FasaPay, Qiwi, and WebMoney. Products: Forex Optimum offers a range of products for trading including FX, Metals, CFDs, Stocks, and Futures. . It’s important to note that while Forex Optimum provides a variety of support channels and trading options, user reviews suggest mixed experiences. Therefore, potential users are advised to thoroughly research and consider these factors before choosing Forex Optimum as their forex trading platform.

Which Educational and Learning Materials are offered by Forex Optimum?

Forex Optimum offers a variety of educational and learning materials to assist traders in navigating the complex world of forex trading. These resources are designed to equip traders with the knowledge and skills they need to trade effectively and confidently. Interactive Online Trading Courses: These courses range from beginner to advanced levels. They provide a comprehensive understanding of forex trading, including the basics of currency pairs, reading financial charts, and implementing trading strategies. Webinars: Live webinars offer real-time insights into forex trading, including analysis and scalping strategies. These sessions provide an opportunity for traders to interact with experts and gain a deeper understanding of the forex market. Educational Videos: A series of tutorial videos are available that cover the basics of Contract for Difference (CFD) trading, fundamental and technical analysis, and the impact of psychology on trading. These videos are designed to be easily digestible and can be viewed at the trader’s convenience. Daily Market Analysis: Forex Optimum provides daily market analysis to keep traders informed about the latest financial news and market trends. This analysis can help traders make informed decisions about their trades. Glossary of Economic Releases: This glossary explains the significance of each country’s economic releases. Understanding these indicators can help traders identify trends in economic growth and make more informed trading decisions. It’s important to note that while these resources can provide valuable insights and knowledge, forex trading involves significant risk. Traders should always consider their financial situation and risk tolerance before engaging in forex trading.

Can anyone join Forex Optimum?

Forex Optimum is a platform that offers online trading in forex, CFDs on stocks, futures & metals, as well as binary options on the MT4 platform. It is represented in 32 countries worldwide, but is mostly active in Russia, Indonesia, and several other countries in South-Eastern Asia. Forex Optimum offers its clients a choice of two live account types – StartUP and Standard STP. Both of them offer floating spreads, commission-free trading, and leverage up to 1:500. The StartUP account is intended for beginner traders, as it allows them to start trade with a small initial deposit and to open micro-volume transactions from 0,001 lot. This account type offers only currency pairs for trade. The Standard STP account offers straight-through-processing (STP) execution. If an account holder achieves a balance of $10,000, he or she gets Premium status and personal manager & personal trader assistance. If a client’s balance reaches $500,000, that is a VIP status that involves more benefits, such as an accumulative bonus to 31,83% per annum, credit line – up to 50% and more. Forex Optimum also offers a percent allocation management module (PAMM) solution, called PAMM Masters. This is a service of interaction between experienced traders and investors who wish to entrust their money to be managed by professionals and experienced traders. However, it’s important to note that Forex Optimum has been blacklisted by the regulatory authority. , and the company behind the brand, Forex Optimum Group Limited, provides a business address in St. Vincent & the Grenadines (SVG). SVG-based International Business Companies (IBC) provide financial services under the local financial regulatory regime, which is one of the most liberal ones. So, if you intend to invest a large amount of money, it would be advisable to select among brokers regulated in the EU, US, or Australia, or another jurisdiction, where the respective financial watchdogs are on alert. In conclusion, while anyone can join Forex Optimum, potential investors should be aware of the risks involved and consider the platform’s regulatory status before making a decision. It’s always recommended to do thorough research and consider all factors before investing in any financial platform.

Who should sign up with Forex Optimum?

Forex Optimum is a platform that caters to a wide range of traders, from beginners to experienced professionals. Here are some groups of people who might find Forex Optimum beneficial:. Beginner Traders: Forex Optimum offers a StartUP account type which is designed for beginners. This account allows traders to start with a small initial deposit and open micro-volume transactions from 0.001 lot. This allows new traders to practice and trade with minimum risk. Experienced Traders: For more seasoned traders, Forex Optimum provides a Standard STP account. This account offers straight-through-processing (STP) execution. If an account holder achieves a balance of $10,000, they receive Premium status and personal manager & personal trader assistance. If a client’s balance reaches $500,000, that is a VIP status that involves more benefits. Investors: Forex Optimum also offers a percent allocation management module (PAMM) solution, called PAMM Masters. This is a service of interaction between experienced traders and investors who wish to entrust their money to be managed by professionals. However, it’s important to note that Forex Optimum is registered in St. Vincent & the Grenadines (SVG), a jurisdiction known for its liberal financial regulatory regime. Therefore, potential users should carefully consider the associated risks before signing up. It’s always advisable to choose brokers regulated in jurisdictions where the respective financial watchdogs are on alert.

Who should NOT sign up with Forex Optimum?

Forex Optimum is an online trading platform that offers forex, CFDs, and binary options trading on the MetaTrader 4 (MT4) platform. It claims to be a regulated and reputable broker that has been operating since 2009. However, before signing up with Forex Optimum, there are some potential risks and drawbacks that you should be aware of. Here are some reasons why you should NOT sign up with Forex Optimum: Forex Optimum is not regulated by any major financial authority. Although Forex Optimum states that it is regulated by the Financial Services Authority (FSA) of Saint Vincent and the Grenadines. , this is not a recognized or respected regulator in the forex industry. The FSA does not have any oversight or enforcement power over Forex Optimum, and it does not provide any protection or compensation for traders in case of disputes or losses. Therefore, you may not have any legal recourse or recourse if you encounter any problems with Forex Optimum. Forex Optimum has a poor reputation among traders. Many online reviews and testimonials about Forex Optimum are negative and warn about its fraudulent practices. For example, one review from ForexBrokerz.com states that "Forex Optimum is a scam broker that has been operating since 2009. They have no license from any reputable regulator. They use fake testimonials and reviews to lure unsuspecting traders into their scam". Another review from Cashbackforex.com states that "Forex Optimum is a very risky broker that does not provide any security for its clients’ funds. They have been accused of manipulating prices, delaying withdrawals, and blocking accounts without any reason". Therefore, you should be very careful when dealing with Forex Optimum. Forex Optimum has a high minimum deposit requirement. If you want to open an account with Forex Optimum, you need to deposit at least $100 as a minimum deposit. This may seem like a reasonable amount for some traders, but it can be very difficult for beginners or low-budget traders to achieve this goal. Moreover, once you deposit your money with Forex Optimum, they may charge you high fees and commissions for trading, which can eat into your profits quickly. Therefore, you should consider other brokers that have lower minimum deposit requirements or offer more flexible payment methods. In conclusion, Forex Optimum is not a reliable or trustworthy broker that offers fair and transparent trading conditions. You should avoid signing up with Forex Optimum unless you are willing to take the risk of losing your money due to their fraudulent activities. There are many other brokers that offer better services and benefits for forex traders of all levels and preferences. You should do your own research and compare different brokers before making your final decision.

Does Forex Optimum offer Discounts, Coupons, or Promo Codes?

Forex trading platforms, like Forex Optimum, often offer various incentives to attract and retain traders. These incentives can come in the form of discounts, coupons, or promo codes. However, the availability of these offers can vary and are subject to change. As of my last update in 2021, I couldn’t find specific information about Forex Optimum offering discounts, coupons, or promo codes. However, it’s always a good idea to check their official website or contact their customer service for the most accurate and up-to-date information. It’s worth noting that many forex trading platforms do offer promotional codes and discounts, especially for new users or during special promotional periods. These can provide significant savings and benefits for traders. For instance, some platforms may offer a percentage off trading fees, or even deposit bonuses. These types of promotions can help to reduce the cost of trading and increase potential profits. Remember, it’s important to read the terms and conditions of any promo code or discount offer. These promotions often have specific requirements or limitations, such as a minimum deposit amount or a limited time frame for use. In conclusion, while Forex Optimum may not currently have discounts, coupons, or promo codes available, it’s always worth checking their website or contacting their customer service for the most current information. And remember, even if Forex Optimum doesn’t offer these promotions, there are many other forex trading platforms that do.

Which Account Types are offered by Forex Optimum?

Forex Optimum is a forex broker that offers various account types for different types of traders and investors. According to the information from the web search results, Forex Optimum has the following account types:. Cent: This account type is suitable for beginners who want to trade with small amounts of money. The minimum deposit is $10 and the leverage is up to 1:500. The spreads are floating and the commissions are zero. The account size is 0.01 lots and the lot size is 0.01 units of currency. Standard: This account type is designed for traders who want to trade with higher leverage and lower spreads. The minimum deposit is $300 and the leverage is up to 1:500. The spreads are floating and the commissions are zero. The account size is 0.01 lots and the lot size is 0.01 units of currency. Cryptocurrency: This account type allows traders to trade with digital currencies such as Bitcoin, Ethereum, Litecoin, etc. The minimum deposit varies depending on the cryptocurrency chosen, ranging from $10 to 1 µBTC. The leverage is up to 1:500 for Bitcoin and Ethereum, and up to 1:3 for Litecoin. The spreads are variable and the commissions are zero. Corporate: This account type is intended for legal and registered corporations that want to enjoy all the benefits of an individual Optimum account. Corporate account opening is a quick and easy procedure that requires providing some documents such as ID, bank statement, etc. . All Forex Optimum accounts offer trading at Forex market with a wide range of currency pairs, metals, indices, energies, crypto, etc. All accounts also allow using any EAs (Expert Advisors) from LearnFX or other sources. All accounts have a margin level of 50% for hedge/lock positions. All accounts have a rebate program that rewards traders with up to USD 2 per side per notional amount of USD 100,000. All accounts have a swap-free option that eliminates overnight fees. All accounts have a demo mode that allows traders to practice their skills before using real money. I hope this answer helps you understand more about Forex Optimum’s account types.

How to Open a Forex Optimum LIVE Account?

Opening a Forex Optimum LIVE account involves a series of steps. Here’s a detailed guide:. Step 1: Registration First, you need to register by filling in the registration form. This process is straightforward and takes only a few minutes. Step 2: Verification After registration, you need to verify your identity. This is done by submitting your ID. The verification process ensures the safety and security of your transactions. Step 3: Deposit Once your account is verified, you can deposit funds into your account. The initial minimum deposit for Optimum accounts is USD 10 or equivalent in another currency. You can deposit using any method available to your country. Step 4: Trading After depositing funds, you can start trading. The Optimum account allows you to start trading with as little as USD 10, leverage up to 1:1000 and zero commissions. You can trade Forex CFDs, Indices, Metals & Energies, Crypto, and more. Additional Information All account types can be opened as either corporate or individual accounts and can also be traded in demo mode to sharpen your trading skills before using real money. Remember, Forex trading involves risk and it’s important to trade responsibly. Good luck!.

How to Open a Forex Optimum DEMO account?

Opening a Forex Optimum DEMO account is a straightforward process that allows you to practice trading without risking real money. Here’s a step-by-step guide:. Step 1: Register for an Account First, you need to register for an account on the Forex Optimum website. This involves providing some basic personal information. Step 2: Choose the Optimum Account After registering, you will need to choose the type of account you want to open. In this case, you should select the Optimum account. This account type offers zero-commission trading with competitive spreads and trading conditions. Step 3: Select the Demo Mode Once you’ve chosen the Optimum account, you need to select the demo mode. This allows you to trade in a simulated environment with virtual money, giving you the chance to practice your trading skills without risking real money. Step 4: Start Trading With your Forex Optimum DEMO account now set up, you can start trading. Use this opportunity to familiarize yourself with the trading platform and to test different trading strategies. Remember, the purpose of a DEMO account is to learn and practice. Don’t be afraid to make mistakes and try new strategies. Happy trading!.

How Are You Protected as a Client at Forex Optimum?

Forex Optimum is a forex trading platform that offers a variety of features to protect its clients. Here are some key points:. Account Types: Forex Optimum offers two types of live accounts – StartUP and Standard STP. Both of them offer floating spreads, commission-free trading and leverage up to 1:500. The StartUP account is intended for beginner traders, allowing them to start trade with a small initial deposit and to open micro-volume transactions from 0,001 lot. Premium Status: If an account holder achieves a balance of $10,000, they get Premium status and personal manager & personal trader assistance. If a client’s balance reaches $500,000, that is a VIP status that involves more benefits, such as an accumulative bonus to 31,83% per annum, credit line – up to 50% and more. PAMM Masters: Forex Optimum offers a percent allocation management module (PAMM) solution, called PAMM Masters. This is a service of interaction between experienced traders and investors who wish to entrust their money to be managed by professionals and experienced traders. However, it’s important to note that Forex Optimum has been blacklisted by a regulatory authority. The company behind the brand, Forex Optimum Group Limited, provides a business address in St. Vincent & the Grenadines (SVG). SVG-based International Business Companies (IBC) provide financial services under the local financial regulatory regime, which is one of the most liberal ones. In conclusion, while Forex Optimum does offer a variety of features to protect its clients, it’s crucial to be aware of the potential risks involved, especially considering the company’s regulatory status. As always, it’s recommended to thoroughly research and consider multiple factors before choosing a forex trading platform.

Which Funding methods or Deposit Options are available at Forex Optimum?

Forex Optimum, a well-known player in the forex market, offers a variety of deposit and withdrawal methods to cater to the diverse needs of its clients. The platform is designed to provide a seamless experience for traders, making the process of funding and withdrawing money from their accounts straightforward and hassle-free. Deposit Methods: Credit/Debit Card: This is one of the most common methods used by traders. It’s quick, easy, and convenient. Wire Transfer: This method is ideal for those who prefer to transfer funds directly from their bank account. However, the minimum transaction size for a bank transfer is $100. Local Transfers: Forex Optimum also supports local transfers, allowing traders to fund their accounts using their local banking systems. Neteller: This is a popular e-wallet option that offers fast and secure transactions. Skrill: Another widely used e-wallet, Skrill provides a simple and efficient way to deposit funds. FasaPay: This payment system is particularly popular in Asian countries. OKPay: OKPay is a versatile payment system that supports various funding options. WebMoney: This is a global settlement system that supports multiple currencies. Perfect Money: Perfect Money is a leading financial service allowing users to make instant payments and money transfers securely over the Internet. ePayments: ePayments is a convenient digital wallet for those who make money on the internet. Qiwi: This is a Russian payment service provider that offers a simple way to transfer money, receive payments, and pay for over 75,000 services around the world. . It’s important to note that the availability of these deposit methods may vary depending on the trader’s country of residence. Forex Optimum has made it easy for traders to start with a low minimum deposit. For instance, one can open an account with just $10. This makes the platform accessible to traders with different investment capacities. Overall, Forex Optimum provides a range of deposit options, making it easy for traders to fund their accounts and start trading in the forex market.

What is the Minimum Deposit Amount at Forex Optimum?

Forex Optimum is an online broker that offers trading services in the forex market, as well as CFDs on stocks, futures, metals and binary options. The broker is regulated by the International Financial Services Commission (IFSC) of Belize, but it is not a member of any reputable financial watchdogs such as the FCA, ASIC or CySEC. The minimum deposit amount required to open an account with Forex Optimum depends on the type of account you choose. The broker offers two live account types: StartUP and Standard STP. Both of them offer floating spreads, commission-free trading and leverage up to 1:500. The StartUP account is intended for beginner traders, as it allows them to start trade with the small initial deposit and to open micro-volume transactions from 0.001 lot. Thus newbies can practice and trade with minimum risk, but respectively smaller profitability. This account type offers only currency pairs for trade. The minimum deposit amount for this account is $10. The Standard STP account offers straight-through-processing (STP) execution. If an account holder achieves balance of $10 000, he or she gets Premium status and personal manager & personal trader assistance. If a client’s balance reaches $500 000, that is a VIP status that involves more benefits, such as an accumulative bonus to 31.83% per annum, credit line – up to 50% and more. What is more, Forex Optimum offers percent allocation management module (PAMM) solution, called PAMM Masters – a service of interaction between experienced traders and investors who wish to entrust their money to be managed by professionals and experienced traders. The minimum deposit amount for this account is $300. . In comparison, some other brokers require higher minimum deposits for their accounts. For example, ForexBrokerInc requires $100 as a start for its ECN accounts. , while Admirals requires $1 for its standard accounts. However, these brokers are regulated by reputable authorities and offer more security and transparency than Forex Optimum. If you are interested in trading forex online, you should consider several factors before choosing a broker, such as regulation status, trading conditions, customer support, platform features and reputation. You should also do your own research and read reviews from other traders before making a decision.

Which Withdrawal methods are available at Forex Optimum?

Forex Optimum is a forex broker that offers its clients various deposit and withdrawal methods to suit their needs and preferences. According to the Forex Optimum Review. , the following are the available withdrawal methods at Forex Optimum:. Credit/Debit Card: This method allows you to withdraw funds directly from your trading account to your bank account or card. It is convenient and fast, with withdrawals typically processed within 1-3 business days. However, some banks or card companies may charge fees for international transactions, which can reduce your profits. Wire Transfer: This method involves transferring funds from your trading account to your bank account via a wire transfer service. It is secure and reliable, as it is regulated by financial institutions. However, it can be time-consuming, with withdrawal processing times ranging from a few days to a week. Additionally, some banks may charge fees for international transfers, which can eat into your profits. Local Transfers: This method allows you to withdraw funds from your trading account to another local bank account in the same country as Forex Optimum. It is convenient and fast, with withdrawals typically processed within 24 hours. However, it may not be available in all countries, and some banks may charge fees for local transfers. E-Wallets: These are digital wallets that allow you to store and transfer funds securely online. Some of the e-wallets that Forex Optimum supports are Neteller, Skrill, FasaPay, OKPay, WebMoney, Perfect Money, ePayments and Qiwi. E-wallets offer fast withdrawal processing times, often within 24 hours, and they usually have lower fees compared to bank transfers or credit cards. Additionally, e-wallets can be a convenient option if you frequently trade with multiple brokers, as you can easily transfer funds between accounts. . To withdraw funds from Forex Optimum using any of these methods, you need to follow these steps:. Login to your Forex Optimum account on the website or app. Select the “Withdraw” option on the menu bar. Pick the withdrawal method that you want to use. Fill out the withdrawal form with your personal details and the amount that you want to withdraw. Confirm the withdrawal request and wait for it to be processed by Forex Optimum. . You can track your withdrawal status on the “Withdrawal History” page on your Forex Optimum account dashboard. You will receive an email notification when your withdrawal is completed. I hope this answer helps you understand how to withdraw money from Forex Optimum in 2023. If you have any questions or feedback, please feel free to contact me again.

Which Fees are charged by Forex Optimum?

Forex Optimum, a forex trading platform, charges its users in the form of spreads. The company offers variable spreads, which start from 0.1 pips. However, the average value is around 1 pip on the EUR/USD pair. This is on the lower end of average for the forex market. Forex Optimum provides two types of live accounts – StartUP and Standard STP. Both of them offer floating spreads, commission-free trading, and leverage up to 1:500. The StartUP account is intended for beginner traders, as it allows them to start trade with a small initial deposit and to open micro-volume transactions from 0.001 lot. This account type offers only currency pairs for trade. The Standard STP account offers straight-through-processing (STP) execution. If an account holder achieves a balance of $10,000, they get Premium status and personal manager & personal trader assistance. If a client’s balance reaches $500,000, that is a VIP status that involves more benefits, such as an accumulative bonus to 31.83% per annum, credit line – up to 50% and more. Overall, Forex Optimum’s trading conditions seem quite attractive, also taking into account that no commission fees apply. It’s important to note that the minimum initial deposit to open an account with Forex Optimum is just $10. , which is a reasonably low minimum initial deposit, considering the broker’s regulation status.

What can I trade with Forex Optimum?

Forex Optimum is a well-established broker that offers a variety of financial instruments for trading. Here are the details:. Forex: Forex Optimum provides the opportunity to trade in the forex market. This includes all major, minor, and exotic currency pairs. The maximum leverage offered by Forex Optimum for forex trading is up to 1:500. CFDs: Contract for Differences (CFDs) are also available for trading with Forex Optimum. CFDs are derivative products that allow traders to speculate on the rising or falling prices of fast-moving global financial markets or instruments, including shares, indices, commodities, currencies, and treasuries. Metals: Trading in metals, particularly gold and silver, is another option provided by Forex Optimum. Metals are often used as ‘safe-haven’ investments during times of political or economic uncertainty. Energy Products: Forex Optimum also allows trading in energy products. This typically includes oil and gas, which are highly traded commodities globally. Forex Optimum uses the popular MetaTrader 4 (MT4) platform for trading. MT4 is available as a desktop download, and along with mobile trading apps, a web trader is also accessible at Forex Optimum. This allows traders to diversify their portfolios and seize opportunities in different markets, maximizing their potential for profits. Please note that trading involves risk and it’s possible to lose your invested capital. Always trade responsibly and ensure you understand the risks involved.

Which Trading Platforms are offered by Forex Optimum?

Forex Optimum offers a variety of trading platforms to cater to the diverse needs of its clients. The most popular among these is the MetaTrader 4 (MT4) platform. MT4 is widely recognized in the forex industry for its user-friendly interface, comprehensive charting package, and algorithmic trading capabilities. The MT4 platform is available as a desktop download, and along with mobile trading apps, a web trader is also accessible at Forex Optimum. This ensures that traders can access their accounts and trade from anywhere, at any time. Forex Optimum offers its clients a choice of two live account types – StartUP and Standard STP. Both of them offer floating spreads, commission-free trading, and leverage up to 1:500. The StartUP account is intended for beginner traders, allowing them to start trade with a small initial deposit and to open micro-volume transactions from 0,001 lot. This account type offers only currency pairs for trade. The Standard STP account offers straight-through-processing (STP) execution. If an account holder achieves a balance of $10,000, they get Premium status and personal manager & personal trader assistance. If a client’s balance reaches $500,000, that is a VIP status that involves more benefits. In addition to forex, various CFDs, and even binaries, Forex Optimum also offers some instruments you would like to trade on, such as Gold & silver and CFDs. Remember that different instruments have different trading conditions. In conclusion, Forex Optimum provides a range of trading platforms and account types to suit different trading styles and experience levels. Whether you’re a beginner looking to dip your toes in the forex market, or an experienced trader seeking advanced trading features and charting tools, Forex Optimum has something to offer you.

Which Trading Instruments are offered by Forex Optimum?

Forex Optimum, a well-established broker since 2009. , offers a variety of trading instruments for its clients. These instruments are designed to cater to the diverse needs of traders and include:. Forex: This is the primary instrument offered by Forex Optimum. Traders can engage in currency trading with a leverage of up to 1:500. Gold & Silver: These precious metals are also available for trading. Similar to Forex, the leverage for these instruments is up to 1:500. CFDs: Contract for Difference (CFD) is another instrument that traders can opt for. The leverage for CFDs is also up to 1:500. It’s important to note that different instruments have different trading conditions. Therefore, traders need to ensure that their strategy is well suited for the instrument they choose. Forex Optimum also provides various account types, including Cent and Standard accounts. The minimum deposit for these accounts is $10, and the maximum leverage offered is 1:500. Traders can also take advantage of features like scalping, expert advisors, hedging, overnight interest rates (swaps), trailing stop, pending orders, one-click trading, and automated trading. In terms of payment methods, Forex Optimum accepts WebMoney, QIWI, and Neteller. These online payment services are supported by mobile applications to make transactions more efficient. Please note that while Forex Optimum is represented in 32 countries worldwide, it is mostly active in Russia, Indonesia, and several other countries in South-Eastern Asia. As always, traders should conduct thorough research and consider their financial goals before choosing a trading platform.

Which Trading Servers are offered by Forex Optimum?

Forex Optimum, established in 2009, offers online trading in forex, CFDs on stocks, futures & metals, as well as binary options on the widely used MT4 platform. The broker is represented in 32 countries worldwide, but is mostly active in Russia, Indonesia, and several other countries in South-Eastern Asia. Forex Optimum provides its clients with a choice of two live account types – StartUP and Standard STP. Both of them offer floating spreads, commission-free trading, and leverage up to 1:500. The StartUP is intended for beginner traders, as it allows them to start trade with a small initial deposit and to open micro-volume transactions from 0,001 lot. This account type offers only currency pairs for trade. The Standard STP account offers straight-through-processing (STP) execution. If an account holder achieves a balance of $10,000, they get Premium status and personal manager & personal trader assistance. If a client’s balance reaches $500,000, that is a VIP status that involves more benefits, such as an accumulative bonus to 31,83% per annum, credit line – up to 50% and more. Forex Optimum also offers a percent allocation management module (PAMM) solution, called PAMM Masters. This is a service of interaction between experienced traders and investors who wish to entrust their money to be managed by professionals and experienced traders. As for the payment methods, Forex Optimum accepts Credit/debit cards, FasaPay, Local bank transfer, Neteller, QIWI, UnionPay, and WebMoney. However, the specific details about the trading servers offered by Forex Optimum are not available in the search results. It would be best to contact Forex Optimum directly for the most accurate and up-to-date information.

Can I trade Crypto with Forex Optimum? Which crypto currencies are supported by Forex Optimum?

Forex Optimum is a brokerage company that was established in 2009. It provides traders with advanced brokerage services and offers a range of features and beneficial conditions for its partners. However, it’s important to note that this brokerage company is on the blacklist, which means working with them carries high risks of losing your money. As for trading cryptocurrencies with Forex Optimum, the information available does not specify whether Forex Optimum supports cryptocurrency trading. It’s always recommended to directly contact the broker for the most accurate and up-to-date information. When it comes to the types of cryptocurrencies supported by Forex Optimum, again, the available information does not provide specific details. In the world of forex trading, many brokers have incorporated cryptocurrency trading and offer their clients access to the market. Commonly traded cryptocurrencies include Bitcoin, Ethereum, Litecoin, and Ripple. However, the specific cryptocurrencies supported can vary from one broker to another. In conclusion, while Forex Optimum provides a range of services for forex trading, it’s unclear whether they support cryptocurrency trading and, if so, which cryptocurrencies are supported. It’s recommended to reach out to Forex Optimum directly for the most accurate information. Please remember that trading in forex and cryptocurrencies carries risks, and it’s important to thoroughly research and consider these risks before engaging in trading activities.

What is the Leverage on my Forex Optimum Trading Account?

What is the Leverage on my Forex Optimum Trading Account? Leverage is a term that refers to the use of borrowed funds to increase one’s trading position beyond what would be available from their cash balance alone. In forex trading, leverage allows traders to profit from relatively small price changes in currency pairs by controlling larger amounts of currency with a smaller amount of capital. However, leverage also increases the potential risk and loss of a trade, as well as the margin requirements that traders must meet to maintain their positions. The leverage on your forex optimum trading account depends on several factors, such as: The currency pair you are trading The account currency you are using The margin you are willing to use for the trade The trade size or number of traded units (usually expressed in lots) To calculate the leverage ratio, you need to divide the notional value of your trade by your account balance. For example, if you have an account balance of $10,000 and you want to trade 0.5 lots of EUR/USD at a margin of 50 pips, your leverage ratio would be: Leverage ratio = (0.5 x 100,000) / 10,000 = 50 This means that for every $1 in your account balance, you can control $50 worth of currency in the market. This also means that if the price moves against your position by 50 pips, you will lose $250 from your account. The maximum leverage ratio that brokers can offer varies depending on the jurisdiction and regulation. In some countries, such as the U.S., brokers are limited to offer a maximum leverage ratio of 50:1 for retail clients. In other countries, such as Australia and New Zealand, brokers can offer up to 100:1 for retail clients. However, some brokers may offer higher leverage ratios for professional or institutional clients who meet certain criteria. Choosing the right level of leverage for your forex trading strategy depends on your risk tolerance, trading style, and objectives. Generally speaking, a lower leverage ratio is more suitable for beginners or conservative traders who want to minimize their exposure and risk. A higher leverage ratio is more suitable for experienced or aggressive traders who want to maximize their profits and potential returns. However, using too much leverage can also lead to excessive losses and margin calls if the market moves against your position. Therefore, it is important to use leverage wisely and responsibly in forex trading. Some tips to help you do so are: Use a demo account before opening a live account to test your strategy and practice with different levels of leverage. Set realistic goals and expectations based on your skills and knowledge. Diversify your portfolio across different currency pairs and time frames. Use stop-loss orders and take-profit orders to protect your positions and lock in your profits. Monitor your margin level and avoid over-leveraging or under-leveraging. Avoid emotional trading decisions based on fear or greed. . Conclusion. Leverage is a powerful tool that can enhance your forex trading performance if used correctly. However, it can also magnify your losses if used recklessly or irresponsibly. Therefore, it is essential to understand how leverage works in forex trading and how it affects your risk-reward ratio. By following some best practices and guidelines, you can use leverage effectively and efficiently in forex trading without compromising your financial security or well-being. : [How Much Leverage Is Right for You in Forex Trades - Investopedia] : [Best Forex Leverage for Different Types of Traders].

What kind of Spreads are offered by Forex Optimum?

Forex Optimum, a renowned player in the forex market, offers variable spreads. The concept of spreads is a fundamental aspect of forex trading, representing the difference between the bid and ask prices. Forex Optimum’s spreads start from as low as 0.1 pips. However, the average value hovers around 1 pip on the EUR/USD pair. This is considered to be on the lower end of average for the forex market. There are two types of spreads in forex trading: Fixed and Variable spreads. Fixed Spreads: These offer a stable and predictable trading environment, ideal for those with smaller accounts. Brokers employing a “dealing desk” model maintain consistent spreads, irrespective of market volatility. This stability, however, comes with potential downsides. During rapid market changes, brokers may encounter challenges in adjusting spreads, resulting in requotes and slippage. Traders with limited capital appreciate fixed spreads for their predictability and lower transaction costs, as they remain constant regardless of market fluctuations. Variable Spreads: These, operating under a “non-dealing desk” model, provide flexibility that mirrors market conditions. Brokers source pricing from multiple liquidity providers, adjusting spreads based on supply, demand, and overall market volatility. While variable spreads eliminate requotes, traders may experience slippage during fast market movements. . Overall, Forex Optimum’s trading conditions seem quite attractive, also taking into account that no commission fees apply.

Does Forex Optimum offer MAM Accounts or PAMM Accounts?

Forex Optimum, a well-known player in the forex market, offers a variety of account types to cater to the diverse needs of traders. One of these is the Percent Allocation Management Module (PAMM) account, also known as PAMM Masters. This service facilitates interaction between experienced traders and investors who wish to entrust their funds to professionals. A PAMM account represents a form of pooled money for forex trading, enabling an investor to allocate their money in a predetermined proportion to a qualified trader or money manager. This allows traders to fully automate the trading process, generating profits in a hands-off manner. On the other hand, Multi-Account Manager (MAM) accounts are a type of forex account that allows money managers to manage multiple sub-accounts from one master account. MAM accounts are an excellent solution for managers looking to manage a portfolio of client investments with forex brokers. However, it’s important to note that while Forex Optimum does offer PAMM accounts. , there is no explicit mention of MAM accounts being offered by Forex Optimum in the search results. Therefore, it’s recommended to contact Forex Optimum directly for the most accurate and up-to-date information regarding their account offerings. In conclusion, Forex Optimum does offer PAMM accounts, but it’s unclear whether they offer MAM accounts. It’s always best to reach out to the broker directly for the most accurate information.

Does Forex Optimum allow Expert Advisors?

The information about whether Forex Optimum allows Expert Advisors (EAs) is not available in the search results. However, it’s important to understand what EAs are and their role in forex trading. Expert Advisors (EAs) are automated programs created by traders or programmers to assist in forex trading. They fall into two main categories. EAs that provide trading signals to help traders make decisions. EAs that place automatic trades under conditions set by the designer. By placing automatic orders, EAs remove the psychological factor, aiming to decrease stress for traders and improve the performance of an account for beginners. However, because they are manually created, EAs may not measure the fundamental effects of the market. As a result, EAs may not perform well when it comes to unforeseen events, and traders tend to monitor their EAs continuously. When choosing a broker for EA trading, consider the following factors. Broker’s EA Policy: Ensure the broker allows EAs and has no issue with the type of trades that your EA uses. Trading Platform: Most EAs are programmed for MetaTrader, especially MetaTrader 4. Broker’s Execution Speed: This is important especially if you use a scalping method where your EAs should open and close trades several times a day. Slippage: Brokers with more and larger liquidity providers would be able to handle these situations better. It’s worth noting that many brokers have integrated Expert Advisor into their trading platform. However, the specific policy regarding EAs can vary from one broker to another. Therefore, it’s recommended to check with Forex Optimum directly for the most accurate information.