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Forex Optimum Review


Forex Optimum is an FX and CFD broker that was established in 2009. Located in St. Vincent & the Grenadines, the company has grown to provide service to more than 3 million clients since their establishment ten years ago. The company only offers two account types, but minimum deposit requirements are low and leverage options are very high. Both accounts are also commission free, unless you’re trading CFDs on stocks. If you feel that this broker may be a good personal choice, read on.

Account Types

Forex Optimum offers the ability to choose between two different account types, with options being either the Standard or Cent account. The primary differences between the two accounts are differing deposit requirements and two extra bonus opportunities for the Standard account. Most of the other specifics, including leverage options, spreads, and trade sizes are the same regardless of which account you’ve chosen. Below, you can compare the account types.

Standard Account

  • Minimum Deposit: $300
  • Spread: From 1.2 pips
  • Leverage: Up to 1:1000
  • Commission: 1% for CFDs on stocks

Cent Account

  • Minimum Deposit: $10
  • Spread: From 1.2 pips
  • Leverage: Up to 1:1000
  • Commission: 1% for CFDs on stocks

The deposit minimums are especially low for the Cent account, so this should be attractive to beginners, or those that don’t have much to start with. Since the minimum is also fairly low for the Standard account, the majority of traders won’t be restricted in options. Spreads, leverage options, and commission fees are the same for both account types. Swap-free accounts are offered for both account types in addition to free demo accounts.


Forex Optimum exclusively offers the popular MetaTrader 4 trading platform. The program caters to a range of different skill levels, from beginner traders looking for a new experience to more advanced traders looking for a data-rich experience. The platform was designed to be user friendly and easy to use, which is why many actually prefer the original over the newer version. Since MT4 offers advanced charting facilities, multiple technical indicators, graphical objects, automated trading, and more, traders should not be left feeling disappointed. MT4 can be downloaded on PC or MAC through the Forex Optimum website by navigating to ‘Make a Profit’, ‘Trading Platform’, and choosing the specific device. Mobile trading is also available with downloads via the App Store or Google Play.


Leverage options go as high as 1:1000 for both account types. This is significantly higher than the minimum leverages you’ll find elsewhere, so this broker is definitely providing a 5-star offering for this category. Note that you wouldn’t want to choose a higher leverage, especially one this high, if you aren’t prepared to do so. The higher the leverage, the higher the risk, so we definitely suggest starting with a lower leverage if you’re less experienced. Either way, it’s amazing to see that the option is available. If you do start out with a lower choice, you’ll have no problem moving up, should you decide to do so. If you prefer high-risk high-reward trading, you should have no complaints.

Trade Sizes

The Standard account allows for trading micro lots, but the minimum trade size on the Cent account is 0.1 lot. As a rule, the volume limits for a trade to be opened varies from 20 to 40 lots. To know exactly what a maximum size of your deal is, please right-click the “Specification” of the needed instrument in the “Market Watch” window and refer to the “Maximal volume” line. The margin call level for this broker is 20%, while the stop loss level is set at 50%. Reaching margin call would stop you from placing any new trades, while reaching the stop loss level would force your positions to be closed automatically. This process is set by every Forex broker to stop accounts from reaching negative balances.

Trading Costs

Commissions are charged at a rate of 0.01% of the trading operation but are charged only for trading with CFD on Stocks. That means you’ll be able to trade currency pairs and CFDs on metals, indexes, commodities, and ADRs without paying any commission fees. Swap fees will be applicable as well. When a position is held open overnight from Wednesday to Thursday, swap becomes tripled. Data on the swap size is updated in the trading terminal daily at 23:55. In addition to the limited commission fees and swap fees, you’ll also want to pay attention to the spread, which is the difference between the bid and ask price. The broker makes their profit from all three of these charges, but we will say that the commission fees are competitive because they are limited to stocks, so there is an advantage there.


Forex Optimum offers more than 100 instruments, which is made up of 29 currency pairs, CFDs on stocks, metals, indexes, commodities, and ADRs with spreads starting from 1.2 pips. Crypto trading is not available through this broker. You can view all of the available assets by selecting ‘Make a Profit’ and choosing ‘Financial Instruments’ from the drop-down list. From there, you’ll also be able to view the minimum spread and swap fees for each asset.


Spreads start at 1.2 pips for both account types, so there is no need to compare accounts on that basis. This amount isn’t the most amazing offer we’ve seen, but it is a good option for account types that require such small deposit amounts. Many other brokers charge spreads higher than this, in addition to commission fees. Since commissions are only charged on stock CFDs, one could really come out on top when it comes to trading fees.

Minimum Deposit

One can open a Cent account with as little as a $10 deposit. We do see this low of an offer occasionally, but the industry average tends to gravitate more around $100, so this option is advantageous for beginners, or those that are fearful of making a large deposit starting out. The $300 minimum for the Standard account is a bit higher than average, but it’s still a realistic amount to ask for and the majority of traders and one should not feel restricted in choices based on this deposit minimum.

Deposit Methods & Costs

Deposits are available via Fasapay, Neteller, WebMoney, AccentPay, QIWI, and local exchange offices. Unfortunately, the list is missing some popular options, like Visa/MasterCard and bank wire. The bright side of things is that the only deposit method that actually charges fees is the WebMoney method. Fees charged for this method include a 0.8% transfer fee charged by the provider, plus 0.8% bonus of the amount deposited. On the bright side, you’ll also receive a 50% bonus on your first deposit through any of the payment methods as long as you deposit at least $100.

Withdrawal Methods & Costs

All of the available deposit methods are also available for withdrawals. AccentPay, QIWI, and local exchange offices are the only fee free methods. Withdrawal fees are 0.5% for Fasapay, 2% for WebMoney, and 2% for Neteller, but Neteller does cap the fee at $30. The fees are about average, since we’ve seen better and worse. However, you’ll often find withdrawal fees for every single payment method with other brokers, so it’s nice to have few options that do not charge any type of fee.

Withdrawal Processing & Wait Time

Withdrawals are processed within seven business days, so you’ll want to plan your withdrawals in advance. The fact that it can take so long is discouraging on the basis that this would be frustrating if one needed their funds for urgent matters. It’s possible that the withdrawal may be processed sooner, but there’s still no way to be sure you wouldn’t be waiting a week for your funds. Other brokers do often process withdrawals within a few days, so Forex Optimum is behind in this specific category.

Bonuses & Promotions

As long as you make a deposit equaling at least $100, you will immediately qualify for a 50% deposit bonus on your first deposit. This is promised for both account types, but since the Cent account has a lower deposit requirement, you’ll need to make a larger deposit to qualify for the bonus. For the Standard account type only, a security bonus is offered as well. The bonus ranges from 50% to 100% of the amount that has been deposited. Note that this bonus is meant for trading only and will not be subject for withdrawal.

Cashback bonuses may apply as well. There is also a 100% deposit bonus for deposits of more than $500 on Standard accounts. Of course, this is $200 higher than the deposit requirements, but one could really benefit from this bonus if willing to make the larger deposit. This bonus is also available for every deposit, not only for initial deposits. You will find occasional bonus offers elsewhere, but this isn’t something that every Forex broker offers, especially in higher increments. If you were planning to make a deposit that would meet requirements anyways, there is a benefit to choosing this broker for the bonus options.

Educational & Trading Tools

Forex Optimum offers news, a calendar, market reviews, and trading signals directly from the ‘Analytics’ section of their website. News and Market Reviews can be helpful in providing information one would want to consider about their trades and further tools are available within the MT4 platform. Educational resources are strictly limited to demo accounts, so this will be disappointing to those hoping for more of a learning experience. Since other brokers often offer glossaries and occasionally video tutorials or strategy guides, FO is behind their competition when it comes to this category.

Demo Account

A demo account gives insight into the MetaTrader 4 trading platform and provides an opportunity to learn and practice trading with virtual currency. Features of the demo account are like those of the real accounts, with the only difference being that trading is done with virtual funds. To sign up, you’ll need to click on ‘Make a Profit’ at the top of the website. From there, you can select ‘Trading Account Types’ and click on ‘Training Demo Account’.

Customer Service

Forex Optimum offers live support, phone, and email as options for contacting support. The company basically trades out the popular LiveChat contact method for a similar contact option. You’ll simply need to click on ‘Online Consultant’ at the top of the website and enter your name in order to be transferred to a support agent immediately. When we tested the method, our question was answered within a minute, so we didn’t feel as though anything was lacking with this instant support option.

Phone support is available in English, Russian, Malaysian, and Thai. Forex Optimum is also active on a variety of social media platforms including Facebook, Instagram, YouTube, Twitter, and more. You’ll find links to their various social media profiles at the top left of the screen. Email is another option. Below, you’ll find all of the listed contact information and all of the provided hours for the phone lines.

Email: info@forexoptimum.com


  • Worldwide English: +442080682796
  • Russian: 8-800-301-45-21 (24/7)
  • Malaysia & Indonesia: +60 367321123 (10am – 7pm) (GMT+8)
  • Thailand: +6655639266

Countries Accepted

Forex Optimum does not list any country restrictions on their website. Since US citizens are often excluded from opening accounts with many brokers, we decided to test the process from our US based offices just to make sure. Fortunately, we were able to open an account with no problems. This is likely available because the company is located in St. Vincent & the Grenadines, which usually does accept US clients with no problems. This could make this broker seem like a more attractive option if you’re actually from the US, since options are more limited.


Forex optimum is an FX and CFD broker that offers more than 100 instruments, made up of 29 currency pairs, CFDs on stocks, metals, indexes, commodities, and ADRs. The company offers two account types, both of which come with low and easy to meet deposit requirements. The leverage options for this broker are much higher than average, so they’ve really earned 5 stars in that category. Spreads are just below average, but limited commission fees actually make trading costs more attractive. Unfortunately, demo accounts are really the only educational resource available on the website, which won’t be satisfying for beginners. Funding options are less than perfect, since there are a few deposit and withdrawal methods to choose from, but popular options like Visa/MasterCard are missing.

There are a few fee free methods for withdrawals, but processing times are not competitive, and one would need to make their request in advance. If you are considering this broker, you’ll have to accept the funding drawbacks, but remember that the leverage, spreads, and commission fees are very advantageous. Also, making a deposit of $100 will automatically qualify one for an initial bonus of 50%. This broker accepts US citizens, so those located in the US should take note since their other options will be more limited. Overall, there are several benefits and a few disadvantages to opening an account through Forex Optimum.


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