FXOptimax Forex Broker

Note: FXOptimax's official website: https://www.fxoptimax-brazil.com/ is currently inaccessible normal.FXOptimaxReview SummaryFounded2009Registered Country/RegionSaint Vincent and the GrenadinesRegulationUnregulatedMarket InstrumentsForex, metalsDemo Account/LeverageUp to 1:1000EUR/USD SpreadAverage 1.9 pipsTrading PlatformMT4Min Deposit$10Customer SupportTel: +43 720145700Email: support@fxoptimax.comCompany 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.Pros & ConsProsConsLow minimum depositUnregulatedUnfunctional websiteLimited market offeringLack of demo accountsWide spreadsIs FXOptimax Legit? No, FXOptimax operates without any valid regulations from any authorities. Your fund won't be safe on this platform.What Can I Trade on FXOptimax? FXOptimax offers trading in 46 popular forex pairs (including exotics), gold and silver.Trading AssetAvailableforex✔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 SpreadCommission4-Digits$100.011:1000Fixed, 2 pips❌Precision$100.011:10002 pips❌Pro$1000.011:5000.2 pips$2 per $100k tradedLeverage 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.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 PlatformTrading PlatformSupported Available Devices Suitable for MT4✔Windows, Android, iOSBeginnersMT5❌/Experienced tradersDeposit 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.