|Date of foundation|
James Street, Kingstown, St. Vincent and the Grenadines
|The owner of the company|
Forex Optimum Group Limited
|Types of support|
Email: [email protected]
|Support by phone|
8-800-301-45-21free call in Russia
Russian, English, Indonesian, Malaysian, Thai
|Min. first deposit|
From 10 USD
From 1.2 points
|Free Demo Account|
SVGFSARegistered in the database under the number 20603 IBC 2012
|Types of accounts|
|Margin call / Stop out|
0.01 lot for a standard account and 0.1 for a cent account
|Features of trade|
|Methods of replenishment|
Accentpay, FasaPay, Neteller, Qiwi, Webmoney, Bank Transfer
Accentpay, FasaPay, Qiwi, Webmoney, Bank Transfer
|Number of assets|
|Types of assets|
Has mobile apps (Android)
|Tournaments / contests|
Course costs $300
|Contract Difference Commission|
In the form of LAMM accounts
The relevance and quality of the materials are noted by many users
Registration10% of all partner commissions received from its customers and sub-partners
High yield instruments and convenient trading conditions
LAMM-service, which allows you to receive a passive income
Professional advice from our 24/7 online support service
Trading signals and quality analytics
High-tech trading terminal and personal cabinet
24-hour news feeds from Dow Jones, Reuters and TASS
"Best Broker of the Year" IAFT Awards 2018
Delayed withdrawal of funds from the deposit
The level of quality of training
Requotes and slowdowns in the trading terminal
Legal name: Forex Optimum Group Limited
Legal address: James Street, Kingstown, St. Vincent and the Grenadines
|Type of execution|
On currency pairs EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, NZD/USD and USD/CAD.
|Date of update|
Forex Optimum is it a scam? Reviews and description
- 1. Terms of trading with Forex Optimum
- 2. Platform forexoptimum.com
- 3. Mobile application forexoptimum.com
- 4. Forex Optimum bonuses
- 5. Deposit and withdrawal
- 6. Complaints about Forex Optimum
- 7. Forex Optimum broker regulator
- 8. Is Forex Optimum a scam?
- 9. Conclusion
- 10. Reviews
Broker Forex Optimum Group is managed by Forex Optimum Group Limited, which, in turn, is regulated by the SVGFSA in St. Vincent and the Grenadines since 2009. The services offered by the project are available in several languages. They show that the clienteliness extends mainly to countries with a predominance of English, Russia, as well as Malaysia and Indonesia.
The founders of the brand are private traders. This factor is very important, because traders are fully familiar with all the problems that arise for speculators in the financial markets. The creators of the project are mostly from Eastern Europe. How reliable is the Forex Optimum project? Isn't it just another scam in disguise? A detailed review of the broker will help to answer these questions.
Terms of trading with Forex Optimum
Stability and prospective development of the project is confirmed by 26 partner offices in different countries and more than 3 million clients. The site is of very high quality. Its developers have taken much into account, compactly arranged many sections, filling them with all the necessary information. Content on the site is constantly updated. Users can easily get acquainted with the analysis, educational information, news block and more. On the whole, the project almost does not differ from the sites of reputable competitors. The trading conditions can meet the demand of most customers:
- For realization of transactions at the broker, speculators are given more than 100 trading instruments to choose from when opening a standard or cent account. Market execution of all orders. Rather acceptable threshold of entry - the minimum deposit size on cent account is equal to 10 US dollars. Beginners speculators and experienced traders can test the trading platform, learn all the subtleties of Forex Optimum Group trading without fear of losing a lot of money.
- VIP service, which includes three account options: Classic (from $10 thousand), Gold (from $30 thousand) and Platinum (from $100 thousand). The spread for them can vary depending on market volatility. There is an accumulative annual bonus, the amount of which also depends on the account type, compensation of negative swaps and cashback. Starting with Gold, the trader is provided with a personal manager.
- LAMM Service is available for new traders, as well as users who do not want to take personal part in trading. This is a great opportunity to get a passive income. The service allows you to copy trades of successful traders, whose list is presented on the project website.
- The analytics prepared by the specialists of the company are really worthy of attention. Its relevance and quality of materials are noted by many users in their reviews.
The project itself highlights several characteristics that are the most significant among competitors:
- High yield instruments and convenient trading conditions.
- A high-tech trading platform and a user-friendly personal account.
- Dow Jones, Reuters and TASS news feeds operating around the clock.
- Professional advice from our 24/7 online support service.
- Trading signals and quality analytics.
- IAFT Awards 2018 "Best Broker of the Year".
The latest news are placed on the main page of the site. Among other things, the company Forex Optimum Group gives users the opportunity to try their hand at binary trading. Trading conditions can be tested on a demo account, which the project also provides.
The broker offers everyone to cooperate on one of the two types of partnership programs offered. The size of earnings depends on the trade turnover of the attracted clients. There are two types of cooperation:
- The online affiliate expands the client base by posting information about the company as well as affiliate links on their website. Successful partners receive more than $15 thousand as a monthly reward.
- Offline partnership can be implemented in a city or a separate region. It is a creation of the consultation centers with the purpose of carrying out of training actions, seminars and master-classes on subjects of Forex trading. Employees of a company will always help to create and organize such a center. Undoubtedly, this type of cooperation promises a higher income.
To improve the quality of their customers trading there is information about market trading signals in the analytics section Forex, a free service provided by the broker. Here professionals give their recommendations on 7 major currency pairs. Short-term signals are shown in the form of charts with technical analysis of the instruments on the 15-minute timeframe. The next type of recommendations is a complex technical analysis. H1 and H4 are considered as timeframes. The last type is SMS signals. Their number and time of appearance entirely depend on the market movements. The service can be connected in a private office, after contacting a personal manager. A flexible subscription system is provided.
As a trading platform, the broker uses a common and popular with many traders MT4. The trading terminal can be downloaded directly from the website forexoptimum.com. It is easily installed on a computer or laptop. MT4 has a simple interface, multifunctional, thanks to the reliable encryption makes it possible to safely implement trading transactions. Study of any traded asset helps to carry out a large number of built-in indicators. There is a possibility of automatic trading. After spending a minimum of time for registration, the user gets a personal account with a password. Then it is necessary to choose one of two types of accounts: standard or cent. Their characteristics in the form of comparison are presented on the company's website.
Having downloaded and installed the trading terminal, clients can start trading. Minimal deposit in the represented accounts differs. In any case, experienced traders recommend to begin trade with real money by choosing the cent option. The entrance threshold is equal to $10. Opening deals the trader can test various trading strategies using minimal, but real money. The main advantage of trading on cent account is detailed studying of trading terminal functionality with minimizing possible losses. Having familiarized in practice with important nuances and functionalities of a broker's trading platform, you can open a standard account and continue trading on Forex (forex strategies).
Forex Optimum Broker Quotes
The timeliness and quality of the quotes provided has a significant impact on the user's trading. Given a particular price value, the trader decides on the size of take profit and stop loss. Thus, he can regulate the level of profits and minimize possible losses.
Quotes Forex Optimum accepts from verified liquidity providers. The quality of the quotes varies between 90-96%. Due to the fact that MT4 is not a very subtle tool, a few more percent of error should be taken into account. Traders use the obtained price data (from the archive) to test different strategies and automated systems.
Forex Optimum Demo Account
Availability of a demo account allows the speculator to check out the trading platform, trading conditions, all sorts of strategies and choose a suitable set of tools for real trading. Forex Optimum Group provides demo accounts to their clients after registration on the site. Using virtual money, speculators without the risk of real losses choose the most comfortable assets to trade. The functionality of the virtual account is the same as the real one.
Mobile application forexoptimum.com
Any broker's mobile app is definitely an advantage over competitors who do not have such an option. And this is no accident, because this kind of trading can be done while on the road, on vacation and without being tied to one place. The availability of a mobile device and an Internet connection are the conditions for the realization of such trading.
Forex Optimum Group offers a trading terminal for mobile gadgets. And trading transactions can be implemented on both systems (Android or iOS). The optimized, informative interface is used well even on a small display. The quality of trading is not impaired. Visiting the main page of the trading terminal, users can easily enter sections of the site, select assets and perform trading operations at any timeframe. Analytics, a variety of indicators and all kinds of settings are available.
Forex Optimum bonuses
Accrual of various types of bonuses is one of the manipulations of any brokerage company. The goal is to increase the client base. In this Forex Optimum Group tries to keep up with its competitors. There are four types of bonuses to choose from:
- Reward 50%. In the form of the additional charge is given to new users for the first deposit for the sum from $100. On condition that for three months the client performs a trading turnover of $3 for one lot, the bonus is transferred to the real balance and can be withdrawn.
- Insurance deposit. Participating accounts are "Standard" with VIP status. The size of the bonus is from 50 to 100% of the amount of funds. The remuneration cannot be withdrawn, but it can be used as an aid in case of a drawdown. The period of validity is two days. During this time, the trader must fund the account. Otherwise, the reward and the profit received with its help will be cancelled. An important condition for participation in the promotion is the full verification of the owner in the personal cabinet.
- CashBack. It is also available for Standard accounts with VIP status. It is credited at the end of the month on the user's own funds. All deposits for this month are not taken into account. To receive the bonus, you need to maintain a minimum level of trading activity. The reward may be withdrawn at any time. Its period of validity is not limited.
- Bonus 100%. Applies to users with "Standard" accounts
- . Will be credited when making a deposit of $500 or more. The reward cannot be withdrawn. It can be used only for trading.
Detailed information about receiving rewards can be found on the company's website in the "Bonuses" section. The conditions for converting bonuses into real money are stipulated in the "Legal Information" section.
Deposit and withdrawal
This is one of the most important criteria for choosing a broker for cooperation. Forex Optimum provides a variety of deposit and withdrawal methods: bank transfer, FasaPay, Neteller, Accentpay, WebMoney, QIWI. For all payment systems available promotion - 50% rewards for the first deposit.
However, despite the wide range of options, the presented list does not include a transaction via bank card. In fact, it is not very convenient when a large sum of money is transferred. The positive point is the absence of any commission for deposit or withdrawal.
Complaints about Forex Optimum
Reviews about the company are very contradictory. There are positive comments on the network, but there is also negative. Some traders are dissatisfied with the delay in withdrawal of funds from the deposit. However, such problems occur with almost all brokers, and often the reason for this is payment systems. Some users complain about the loss of funds from the deposit blaming it on the managers. forexoptimum.com. Clients claim that they deliberately draw quotes.
Others, when applying for a job in a company, claim that it is unrealistic to stay there for a long time. The management is interested in employee turnover, so they don't have to pay bonuses to their employees.
There are also a lot of negative reviews. In them the broker is intentionally and unsubstantiatedly smeared. And these comments are of the same type. You can see them on several thematic sites. Forex Optimum Group undoubtedly has its own advantages:
- A small entry threshold on a cent account.
- LAMM-service, which allows you to receive a passive income.
- An affiliate program that gives you the opportunity to make money by attracting customers.
- Quality training, which can be obtained in dealing centers and on the broker's website.
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Forex Optimum broker regulator
The reliability and transparency of the company depends on where it is registered and who regulates it. Forex Optimum Group Limited provides a business address in St. Vincent and the Grenadines. It is registered under IBC 2012 number 20603. This state is a tax haven for many brokerage companies, including those who provide intermediary services in the former Soviet Union.
The SVG regulator (IBC) supervises, which is rightly considered one of the most liberal. Registration here is very simple and not so expensive in comparison with reputable similar European structures. Therefore, even though the broker has many representative offices in different countries of the world and positions itself as an organization with transparent activity, its regulation cannot be considered serious.
Forex Optimum User Agreement
Many novice speculators do not attach much importance to this document. And in vain. In fact any broker stipulates cooperation conditions, the trading quality, efficiency and safety of profits withdrawal from the trading account and the general safety of trader's funds depend on it.
У Forex Optimum Group this document is called the "Client-Company Agreement". In it, the broker notifies that he provides opening and maintenance of margin trading accounts for trading in CFDs, currencies and other financial instruments without physical delivery to any capable individual or legal entity.
Regarding investment decisions, the project notifies the user that it is not responsible for the profitability or loss of any transaction made by the trader. The broker only provides a service for trading operations, and the client must rely on his own judgment and decision.
Withdrawal of funds from the trading account is implemented within 7 working days.
If the client account has been inactive for three months, the company has the right to withhold a commission of $50.
The project declines all responsibility for losses (direct and indirect) incurred by the client in case of force majeure. They are listed in the agreement.
Is Forex Optimum a scam?
Broker Forex Optimum is the property of Forex Optimum Group Limited and provides intermediary services in the financial market since 2009. The project is licensed and regulated by SVG. There are offices in different countries of the world. Users can use Metatrader 4, a highly reliable and popular internet platform, to conduct transactions in the Forex market. Failures and hiccups in it are extremely rare. However, feedback from real traders about the project varies. Users note requotes and slowdowns of the trading terminal. It is quite unpleasant when it happens at the moment of closing loss-making trades, which leads to increased losses during trading. Some clients point out the excessive frequency of such situations, while excluding randomness.
Project managers try to respond promptly to such cases. Thematic websites cover answers of the company's specialists to traders' complaints. Sometimes slippages and delays in order execution occur at the moment of important economic news release. But it happens even at the most reputable brokerage companies. So it is not surprising that they occur at Forex Optimum Group. Some experienced investors with experience accentuate not only on dishonesty of some managers of the project in relation to clients. They also note the possibility of elimination of technical deficiencies during the long period of existence of the company. A successful broker may take on a staff of knowledgeable programmers to eliminate the bugs. However, if this does not happen, this means that the project either saves on attendants, or looks for its own benefit. But it must be admitted that the broker is quite tough attitude towards its employees, which is the cause of staff turnover.
Comparing the spreads on the major currency pairs with competitors, it is obvious that Forex Optimum Group has more. So, for example, even the average spreads of NordFX is less than the minimum Forex Optimum. The same can be said about swaps. Noting the quality of the analytics section, there is a lack of quality content on the characteristics of the Forex market, a variety of trading strategies, indicators, technical analysis figures, etc. Not seeing it on the site, the user will definitely look for this content on other resources from other brokers. Apparently, the analysts in the company are not enough.
The level of quality of training also leaves much to be desired. A novice speculator must pay $300 for a course in the trading school. Such amount is not quite acceptable for a beginner. The more so that the initial information for trading in the financial market can be obtained free of charge using Internet resources. And in many competitors it is provided remotely. To summarize, it can be noted that the project is not a scam, but among competitors does not stand out in particular. Although, to be fair, it should be said - in the Russian market there are brokerage companies much worse than Forex Optimum Group. In any case, the latter is not engaged in outright fraud against its users.
Project Forex Optimum has been providing brokerage services for 20 years. There is not much negativity about the company. Most of them are custom reviews of competitors. By and large, the company monitors its reputation on the network. The price-quality ratio, perhaps, is what is present at this broker, and cooperation with it will be acceptable for any trader.
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There is a complaint from Olga, from...
5 February 2020 at 12:56
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