OQtima Forex Broker
Basic Information
Seychelles
2-5 years Regulated in Cyprus Regulated in Seychelles Derivatives Trading License (STP) Derivatives Trading License (EP) MT5 Full License Global Business Medium potential risk Offshore RegulatedCompany profile
Pros
Competitive trading environment with low spreads starting from 0.0 pips and no fees on deposits or withdrawals.
Strong regulatory framework with client protections such as negative balance protection and segregated accounts.
Diverse range of trading instruments including forex, cryptocurrencies, commodities, and ETFs, catering to various trading preferences.
Cons
Limited regulatory oversight, as the broker is regulated in Seychelles and Cyprus, which may raise concerns for some traders.
Relatively new broker established in 2023, which may lead to uncertainties regarding its long-term reliability and reputation.
User reviews and feedback are still scarce, making it difficult to gauge overall customer satisfaction and experiences.
OQtima Forex Broker - Complete Information Guide
1. Broker Overview
OQtima, officially known as CDE Global Markets Ltd, was established in 2022. The broker is headquartered in Limassol, Cyprus, with additional operational offices located in Seychelles. As a privately held entity, OQtima focuses on providing a comprehensive trading experience to a diverse clientele, including both retail and institutional traders.
Since its inception, OQtima has made significant strides in the competitive forex and CFD trading landscape. The broker aims to offer a seamless trading environment characterized by user-friendly platforms and a robust selection of trading instruments. OQtima's development has been marked by its commitment to regulatory compliance, technological innovation, and customer satisfaction, making it a noteworthy player in the industry.
OQtima operates under a non-dealing desk (NDD) model, which allows for direct market access. This approach enables traders to benefit from tighter spreads and quicker order execution, enhancing their trading strategies and overall experience.
2. Regulation and Compliance Information
OQtima is regulated by two prominent authorities: the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Authority (FSA) of Seychelles. The regulatory license from CySEC is numbered 406/21, while the FSA license is numbered SD 109.
CySEC regulation ensures that OQtima adheres to strict European financial standards, providing traders with a high level of security through segregated client funds and participation in the Investor Compensation Fund (ICF), which offers compensation up to €20,000 in the event of broker insolvency.
In Seychelles, the FSA regulates OQtima's operations, allowing for more flexible trading conditions, such as higher leverage. Both regulatory bodies enforce Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, ensuring that OQtima conducts its business transparently and responsibly.
3. Trading Products and Services
OQtima offers a wide array of trading products, including over 300 contracts for difference (CFDs) across various asset classes. Traders can access a diverse selection of instruments, including:
- Forex Pairs: OQtima provides a comprehensive range of currency pairs, including major, minor, and exotic options.
- CFD Products: The broker offers CFDs on indices, commodities, stocks, and cryptocurrencies, allowing traders to speculate on price movements without owning the underlying assets.
- Unique Offerings: OQtima continually updates its product offerings, adding new instruments to meet market demand and trader preferences.
The broker's commitment to expanding its product range ensures that traders have access to a well-balanced portfolio, catering to different trading strategies and risk profiles.
4. Trading Platforms and Technology
OQtima supports two of the most popular trading platforms in the industry: MetaTrader 4 (MT4) and cTrader.
- MetaTrader 4: Known for its user-friendly interface and robust functionality, MT4 is favored by traders for its charting capabilities, automated trading features, and extensive library of technical indicators.
- cTrader: This platform is recognized for its modern design and advanced trading features, including Level II pricing and customizable layouts. cTrader is particularly suitable for algorithmic trading, allowing traders to implement automated strategies seamlessly.
Both platforms are accessible on desktop and mobile devices, providing traders with flexibility and convenience. OQtima employs an ECN execution model, ensuring that orders are filled quickly and efficiently, which is essential for high-frequency trading strategies.
5. Account Types and Trading Conditions
OQtima offers two main account types designed to cater to different trading styles and preferences:
ECN + Account: This account type requires a minimum deposit of $20, with spreads starting from 0.0 pips and a commission of $3.50 per traded lot. It allows for high leverage up to 1:1000 and is suitable for traders looking for low-cost trading conditions.
OQtima One Account: This account also has a minimum deposit of $20, but it features spreads starting from 1.0 pip with no commission charges. It is ideal for traders who prefer a simpler pricing model without the need to calculate commissions.
Both account types support various trading strategies, including scalping and hedging, and offer flexibility in terms of leverage and trading instruments.
6. Fund Management
OQtima provides a variety of funding methods to facilitate easy deposits and withdrawals. Accepted deposit methods include:
- Credit/Debit Cards: Instant processing with no fees.
- Bank Transfers: Processing time of 1-3 business days, with no fees charged by OQtima.
- E-wallets: Instant deposits with no fees, including options like Neteller and Skrill.
The minimum deposit requirement is $20 for both account types, making it accessible for a wide range of traders. Withdrawals are processed quickly, typically within one business day, with no withdrawal fees charged by OQtima.
7. Customer Support and Educational Resources
OQtima offers comprehensive customer support through various channels, including:
- Email Support: Available for inquiries outside of business hours.
- Phone Support: Live representatives are available during business hours.
- Live Chat: Instant assistance via the live chat feature on the website.
The broker supports multiple languages, including English, Chinese, Spanish, and more, ensuring effective communication with a diverse client base.
While OQtima provides limited educational resources, such as basic trading tutorials and FAQs, it is currently developing more comprehensive training materials to assist both novice and experienced traders.
8. Regional Coverage and Restrictions
OQtima serves clients from over 100 countries, focusing on international markets. However, it does not accept clients from certain jurisdictions, including:
- United States
- Iran
- North Korea
- Countries with specific regulatory restrictions
The broker's regional offices in Cyprus and Seychelles allow it to cater to a global clientele while adhering to local regulations.
In summary, OQtima is a promising forex broker that combines competitive trading conditions, a diverse range of products, and robust regulatory compliance to create a reliable trading environment. With its commitment to customer satisfaction and ongoing development of educational resources, OQtima is well-positioned to support traders of all experience levels in navigating the financial markets effectively.
OQtima Similar Brokers
Latest Reviews
Zafar ali1119
Pakistan
Hi i am replying to my previous review. Its my email azafar46@yahoo.com. All victims of Oqtima Global broker please contact me we as group will take every legal action against this broker its regulation. When we do profit they told we are doing abuse trading but they don't do such claims when we loss. Another person Mr Farooq withdrawn 3000$ profit from this broker with same trading Strategy in Same Product. He did profit of 1538,782,543$ in pdd,tesla & docu respectively(screenshots attached). I am also giving to all these proofs to their regulations. They giving profit to one person but don't give to other person. Admin please approve my review so other traders knows. Also please help us to provide us justice in declaring this broker as fraud
Exposure
2024-03-01
Zafar ali1119
Pakistan
Hi my name is zafar ali. My registered account at oqtima broker is azafar46@yahoo.com. Oqtima broker is a scammer broker. Here is my review about this Oqtima Global broker. when i deposit lost 600$ in US shares Trading before, they returned my remaining balance of 100$. And after few days When i deposit again 500$ and trade again in us share and I do profit 2920$ in Us share Snap trading so they made excuses for illegal trades and trying to eat my profit 2920$ Since from 15 days they tortured me by demanding different documents and i provided even my account was already fully verified. This proves that it is an scammer broker. My deposit is 500$ and profit is 2920$. All forex trader listen openly This broker will never give you your profit. Everyone reading this review please withdraw your funds from this scam broker. I am going to post everywhere with all evidence of videos and screenshot. I am also opening case against them in their regulations. Admin kindly declare this broker as scam and help me to recover my 3419$.on Trust pilot reviews website few other victum of this scammer company Oqtima Global. He also told me again and again about my trading strategy in their email. What consern of this company about my trading strategy. Is regulated broker doing this. they also blocked my mt4 account and access to my portal.
Exposure
2024-02-21
Eva7746
Portugal
The Trading Central from OQtima helps me a lot in analysis, providing clear and easy-to-understand signals. I recommend it for those who want to make faster and safer trading decisions.
Positive
2025-06-25
Pongtai
Vietnam
Having two oversight agencies really gives me a sense of security, and the diverse payment options make me feel at ease!
Positive
2024-07-31
FX1675756694
Spain
I've been using Oqtima for several weeksnow, and I am incredibly impressed with the platform. Its transformed my trading experience, offering a user-friendly interface that makes managing my trades straightforward and efficient. Plus the customer support team at Oqtima is top. They are responsive and resolved my issue in a few hours.
Positive
2024-07-18
Zafar ali1119
Pakistan
Dear all traders Its 2 months i still didn't received my profit. Please stay away from this broker and withdraw your funds else this broker will stole your profits. Its a scam broker and will blame you for making profit with wrong way and will be happy if you lose your funds. Admin take action against this broker and provide me Justice
Exposure
2024-03-20