FXOptimax Forex Broker Review

Company FXOptimax NZ Limited
Founded in 2009
Online since 2009
Offices in New Zealand
Payment options Liberty Reserve, Moneybookers and Wire Transfer
Demo Platforms Meta Trader 4
Account currencies United States Dollar
Currency pairs AUD/CAD  AUD/CHF  AUD/JPY









Regulated by FSP, New Zealand
US Traders welcome? No
Website available in (languages) Chinese, English, Indonesian, Portuguese and Spanish
Support available in Chinese, English and Spanish
Support methods Email, Live Chat, Office, Phone, Web Form
Account Types (micro standard executive islamic) FXOtimax Micro, FXOptimax Mini, FXOptimax Precision
Minimum account size $10
Minimum position size 0.01 Lots
Spread type Fixed
Typical spread on EUR/USD, pips
Minimum spread on EUR/USD, pips 3 pips
Expert advisors
Trading instruments (GOLD; CFD, etc. and the leverage) Forex – 1:500
Trading platforms Meta Trader 4, Mirror Trader, Zulu Trade
Digits after the dot in quotes 4
Stop-out level 20%
Number of currency pairs 25
Bonus offers Yes
·         Hedging Yes
Trailing stop Yes
Pending orders Yes
Mobile trading Yes
Browser-based platform Yes
Automated trading Yes

fxoptimaFXOptimax NZ limited is located in New Zealand and was established in the year 2009. They also started their online trading service the same year. The company is well regulated by FSP the regulating authority in New Zealand. They have different bonus offers and also provide to their clients PAMM accounts. The payment options are Liberty Reserve, Money Bookers and wire transfer. Though these are very limited the company makes all the efforts to make the deposit and withdrawal of funds an easy affair.The only account currency that you are allowed to have is United States Dollar. Their website is multilingual and is available in Chinese, English, Indonesian, Portuguese and Spanish. Their customer support service is also multilingual but is only available in 3 languages that are Chinese, English and Spanish. Being multilingual makes it very easy for the native speakers to get in touch with the staffs and explain their issues. The customer support staffs can be reached via email, live chat, phone, office and web form.

Demo account with Meta Trader 4 as the demo platform is made available to the clients free of cost and it helps the clients to understand the nuances of trading. The same trading platform is also offered when you go for real trading and this helps you plan your strategies beforehand. The different account types offered by the company to its traders are FXOptimax Micro, FXOptimax Mini and FXOptimax precision. This allows the trader to choose the one which suits their trading needs the most. The minimum amount required to open an account with them is $10 and the minimum position size is 0.01 lots. They only allow tading in forex and no other trading instruments. Hedging is also allowed. Mobile trading and automated trading facility is also made available to the clients.

Searching for a genuine broker is the most difficult task once you decide trading. However, the job has been made easy by the reviews posted online by the users. FXOptimax forex broker has many happy and satisfied customers and it reflects in their reviews. The reviews show that the traders like their excellent bonus offers and extremely good trade execution time. Many of them also like their fast and highly responsive customer support service. One of the reviews say that they like their minimum deposit required to open an account and the range of trading platforms offered. Many of them like their Pipsbook. They allow hedging, scalping and news trading which is liked by most of the traders. Many of them also like that the highest leverage offered is 1:500. Some of the cons mentioned in the reviews is that they have very limited payment options and many have mentioned lack of PayPal as one of the options as a concern. Many do not like the high withdrawal fee. However, the overall review is very positive and the average rating given to the company by its various users is 6.1 out of 10.

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