Brokerage service Forex Optimum is owned and operated by Forex Optimum Group Limited, but according to customer reviews, this platform was actually created by a large broker Teletrade , which has been repeatedly accused of fraud and illegal activities. Does Forex Optimum broker repeat its fate?
What does the company offer?
The official website of Forex Optimum has an analytical department, where a trader can get acquainted with trading signals, market reviews and news. The broker does not provide educational material, but provides an opportunity to open a demo account, where the user can practice his skills.
In addition, the client receives a 50% bonus on the first account replenishment; other promotions and offers can be found in the corresponding section on the website. As noted in the reviews left about FOG, it is almost impossible to work off these bonuses – the service also does not allow you to withdraw funds.
You can trade currency pairs, indices, commodities and stocks – quotes are updated in real time. All trading activities take place on the MT4 terminal and its versions for browsers and mobile devices.
Forex Optimum and Investor Opportunities
Among the investment opportunities offered by the company, a LAMM account is available to clients – this is a revised version of PAMM -investing, involving a system of copying transactions. Unlike the usual service, this system works in an automatic mode, which provides a sufficient level of security.
Affiliate programs can be considered as additional opportunities for generating passive income. The client receives remuneration in the form of commissions from the trading turnover of referrals.
Review of Forex Optimum broker trading accounts
To open an account, you need to register and familiarize yourself with the terms of the company in advance. The broker offers only two accounts to choose from:
- Cent account – for such an account the client needs to pay only $ 10, and in return he will get access to the Forex market and contracts CFD . The spread is 1.2 pips, the commission is 0.1% of the transaction amount, and the leverage is available up to 1: 1000.
- Standard account – the minimum deposit is $ 300, all trading conditions, in addition to a wider selection of instruments, Forex Optimum leaves the same as the previous account. Market execution, orders are processed according to the NDD model.
The broker’s range of services is rather limited, but it contains all the necessary tools for investors and traders. It is important to take into account that, despite its existence since 2009, the broker has not received a license from the Central Bank of the Russian Federation or other regulators. The company also does not publish any contact information, except for e-mail and links to instant messengers.
There are a lot of negative reviews about the platform on the network. The broker is openly accused of fraud – the company “draws” charts and manipulates transactions. There are also mentions that Forex Optimum does not withdraw money, even if the trader did not consent to bonuses.
