Oqtima Forex Broker

Oqtima Review SummaryFounded2020Registered Country/RegionCyprusRegulationFSA & CYSECMarket InstrumentsForexIndicesMetalsCryptocurrencyEnergiesStocksETFDemo Account✅LeverageUp to 1:1000SpreadFrom 0.0 pipsTrading PlatformMT4, MT5Min Deposit$100Customer SupportPhone：+44 330 828 5704+248 463203424/5 servicePhysical Address: The Cyberati Lounge, Ground Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebene, Republic of Mauritius.Email:support@oqtima.comSocial Media: Viber, Messenger, WhatsApp, Telegram.Oqtima Information Established in 2020 and registered in Cyprus, Oqtima operates as a broker offshore regulated by the Seychelles Financial Services Authority (FSA), and regulated by the Cyprus Securities and Exchange Commission(CYSEC). The company offers seven asset classes: forex, indices, metals, cryptocurrencies, stocks, ETFs, and energies. It also provides access to the MT4 and MT5 trading platforms and supports demo accounts.Pros and ConsProsConsSupport MT4 and MT5Commission charged on ECN accountsAvailable demo accountsSpreads from 024/5 serviceCommission starts at $0Support Swap-free accountIs Oqtima Legit? Oqtima is under the offshore regulation of the Seychelles Financial Services Authority (FSA), holding License number SD109. Oqtima is under the regulation of the Cyprus Securities and Exchange Commission(CYSEC), holding License number 406/21.RegulatorRegulatory StatusLicence TypeLicence NumberThe Seychelles Financial Services Authority (FSA)Offshore RegulatedRetail Forex LicenseSD109Cyprus Securities and Exchange Commission(CYSEC)RegulatedStraight Through Processing(STP)406/21What Can I Trade on Oqtima? Oqtima provides access to more than 80 popular trading products including forex, indices, metals, cryptocurrencies, stocks, ETFs.Forex: Trade over 80 currency pairs with light execution speeds.Indices: OQtima has one of the largest ranges of CFD indices in the industry to trade long or short.Trade CFDs on indices and speculate on the performance of the various stock markets around the world now.Shares: With OQtima you can trade all the most sought after and hottest shares, long or short, with MT4.Metals: Trade Gold and Silver crosses with spreads starting from 0.0 pips.Cryptocurrencies: 45+ Crypto crosses to trade, instantly access top cryptocurrencies like Bitcoin and Ethereum. Trade pairs like BTC/USD, ETH/USD, LTC/USD, and more.ETF: Pick among 100 of the most widely traded ETFs now.Energies: Trade three types of energy commodities via CFDs.Tradable InstrumentsSupportedForex✔Indices✔Metals✔Cryptocurrency✔Energies✔Shares✔ETF✔Stocks❌Account Types Oqtima offers two types of accounts: ECN Account, and ONE Account. It also offers demo accounts and Islamic accounts for traders. The minimum deposit for an ECN account is $100, spreads start at 0 and commissions are $3. In contrast, the ONE account has a minimum deposit of $100 and is commission-free, with spreads starting at 1.OQtima ECN+OQtima ONESpreads from0.0 pips1.0 pipsComissions$3.00 Per side traded0Min. deposit$100$100Max. leverage1:10001:1000Hedging Allowed✔✔EA and Scalpers welcome✔✔Base CurrenciesUSD, EUR, JPY, GBP, CAD, CHF, SGD, ZARUSD, EUR, JPY, GBP, CAD, CHF, SGD, ZARFunding Fees$0$0Withdrawal Fees$0$0Markets77Total Symbols300+300+ To open an account, the user will be prompted to fill in personal information on this page, including name， country and password, email, and phone number. Then press the ‘CONTINUE’ button to complete the account creation process.Leverage ECN Account, and ONE Account have a leverage of 1:1000. High leverage means high returns but also high risk.Oqtima Fees Oqtima's spread and commission structure differs across account types. The ECN Account offers spreads starting from 0 and charges a commission of $3, while both the ONE Account have spreads starting from 1 but do not charge any commission. Here is the specific spreads table of different trading assets:ECN+ AccountONE AccountForexMinAvgMinAvgAUDUSD00.1411.14EURJPY00.811.8EURUSD00.1211.12GBPCAD02.0913.09GBPJPY01.6112.61GBPUSD00.3611.36USDCHF00.611.6NZDUSD00.411.4IndicesUSIDX0.020.03 (106.865/106.879)1.021.03US20000.080.30 (2364.03/2364.71)1.081.3TW880.090.40 (1904.21/1904.54)1.091.4VIX0.090.40 (14.74/14.81)1.091.1NETH250.30.40 (889.33/889.7)1.31.4FRA4023.10 (7346/7350)34.1UK10022.633.6MetalsXAGUSD0.21.051.22.05XAGEUR0.50.51.51.5XAUEUR0.50.51.51.5XAUUSD0.70.791.71.79XPTUSD7.132.18.133.1CryptocurrencyDOGEUSD1.92.162.93.16MATUSD2.12.323.13.32ADAUSD2.12.383.13.38XRPUSD2.12.663.13.66EOSUSD2.19.073.110.07DOTUSD2.22.273.23.27LNKUSD2.32.33.33.42Trading Platform Oqtima offers MetaTrader 4 and MetaTrader 5 platforms.Trading PlatformSupportedAvailable DevicesSuitable forMT4✔Mobile and Tablet，Desktop，WebtraderProfessional traders andbeginnersMT5✔Mobile and Tablet，Desktop，WebtraderProfessional traders andbeginnersCtrader❌Deposit & Withdrawal Oqtima offers deposit and withdrawal methods including credit/debit cards, crypto funding, international bankwire, UK bankwire, local banking, STICPAY, PIX, and e-wallets. All deposit and withdrawal methods have no fees. Minimum deposit: Oqtima offers $100 or the equivalent in any supported local currency for deposits. DepositProcessing Time:Deposits via Credit/Debit Cards, Crypto Funding, STICPAY, PIX, E-Wallets, and UK Bankwire( If made within UK business days/hours)are processed instantly.Local Banking are processed 10 minutes if made within the bank's business days/hours.International Bankwire deposits take 3-5 business days to process. Withdrawal Processing Time:Requests are processed within one business day.Deposit & Withdrawal MethodsCurrencies AcceptedMin DepositDeposit Processing TimeWithdrawal Processing TimeDeposit & withdrawal FeesCredit and Debit CardsUSD & EUR$100 Or Equivalent In Wallet CurrencyInstantWithin One Business DayZeroCrypto fundingUSDT$100 Or Equivalent In Wallet CurrencyInstantWithin One Business DayZeroInternational BankwireUSD, EUR, GBP, JPY, CAD, CHF, AUD, AED, HKD, PHP, NZD, ZAR$100 Or Equivalent In Wallet Currency3-5 Business DaysWithin One Business DayZeroUK BankwireGBP$100 Or Equivalent In Wallet CurrencyInstant, If Made Within UK Business Days/HoursWithin One Business DayZeroLocal BankingJPY, THB, MYR, IDR, VND, SGD, PHP$100 Or Equivalent In Wallet Currency10 Minutes If Made Within The Bank's Business Days/HoursWithin One Business DayZeroSTICPAYCAD, GBP, JPY, USD$100 Or Equivalent In Wallet CurrencyInstantWithin One Business DayZeroPIXBRL, USD$100 Or Equivalent In Wallet CurrencyInstantWithin One Business DayZeroE-WalletsLocal Currencies Accepted$100 Or Equivalent In Wallet CurrencyInstantWithin One Business DayZero