Slippage is the difference between the price at which the order has been placed and the price at which it has been executed by the broker. The less slippage you get, the better your trading results will be.
Kama-spot is a forex trading strategy, based on technical analysis. It trades mainly EUR/USD, GBP/USD and USD/CHF
Average profit: 14.0 pips
Average trade lifespan: 19 hours
Most traded pairs: EUR/USD, GBP/USD and USD/CHF
Average profit: 16.0 pips
Average trade lifespan: 1 day
Average profit: 9.0 pips
Average trade lifespan: 5 hours
Average pips/trade: 5.0
Average trade lifespan: 18 hours
Average pips/trade: 12.0
Average trade lifespan: 15 hours
Average profit: 28.0 pips
Average trade lifespan: 3 days
Average profit: 22.0 pips
Average trade lifespan: 13 hours
Average pips/trade: 9.0 pips
Average trade lifespan: 1 day
Average profit: 9.0 pips
Average trade lifespan: 11 hours
Average profit: 10.0 pips
|Account type||Minimum deposit||Minimum trade size||Maximum leverage||Average Spreads|
|4-Digits||$10||0.01||1:1000||Fixed, 2 on EUR/USD|
|Precision||$10||0.01||1:1000||2 pips on EUR/USD|
|Pro||$100||0.01||1:500||0.2 pips on EUR/USD + commission $2 per $100k traded|
FXOptimax offers its clients a choice of three account types - 4-Digits, Precision and Pro. The only difference between the first two accounts is that 4-Digits provides fixed spreads, while the Precision offers variable ones. Otherwise both accounts offer commission-free trading. Leverage up to 1:1000 and small minimum initial deposit. The Pro account, on the other hand, provides less leverage and demands a higher initial deposit amount, however the spreads are really tight – starting from 0 pips.
What is more, FXOptimax provides Multi Account Management (MAM) tools - a service of interaction between experienced traders and investors who wish to entrust their money to be managed by professionals.
Established in 2009, FXOptimax offers online No Dealing Desk (NDD) trading in 46 popular forex pairs (including exotics), gold and silver on the most widely used MT4 platform.
The company behind the brand, FXOptimax Group Limited, is registered in St. Vincent & the Grenadines (SVG). SVG-based International Business Companies (IBC) provide financial services under the local financial regulatory regime, which is one of the most liberal ones. Registration procedure is easy and less costly, that is why this Caribbean island is a popular jurisdiction for forex start-ups (and, of course, scams). In fact, to say that brokers registered in the SVG are regulated, would be an exaggeration.
That is why, if you plan to invest a large amount of money, we would advise you to select among brokers regulated in the EU, US or Australia, or another jurisdiction, where the respective financial watchdogs are on alert and your funds will be safe.
Minimum Initial Deposit
In order to open an account with FXOptimax, one has to deposit just $10 – a reasonably low minimum initial deposit, considering the broker`s regulation status. In comparison, ForexBrokerInc, registered in the Marshall Islands, requires $100 as a start, which is considerably higher amount, however it applies to ECN accounts too.
Average Spreads & Commissions
FXOptimax offers both variable and fixed spreads. Fixed ones, offered on the 4-Digits account are average, amounting to 2 pips on EUR/USD. Variable spreads on the Precision account are also averaged 2 pips, however this is considered high for the forex market, as fixed spreads are generally wider than floating ones. Variable spreads on Pro accounts are the lowest offered by this broker, which cites as typical a spread of 0.2 pips on EUR/USD, and if we add the commission of $4 per standard lot round turn, trading costs for this pair amount to around 0.6 pips, which is really good.
In comparison, Belize-based JustForex offers variable spreads averaged 0.4 + $5 for 1 lot on its ECN accounts. For further information, you may look up and compare real-time spreads of 15 leading brokers here.
The maximum leverage rates offered by this broker are very high, reaching 1:1000. Although some jurisdictions cap leverage to levels significantly lower than this (1:50 in the US), many forex brokers offer leverage equal to or exceeding 1:500, including ForexBrokerInc.
Traders, however, should be aware of the fact that the higher the leverage levels, the greater the risk, and exercise caution when trading on margin.
FXOptimax supports MetaTrader 4 (MT4), the most popular platform among both brokers and traders. It is available as a desktop download and mobile trading apps.
MT4 provides all the tools and resources a trader needs: extremely user friendly interface, a number of built-in technical indicators, advanced charting package, a wide range of Expert Advisers (EAs) and extensive back-testing environment. EAs allow full automatization of trades, so traders may sit back and let the program do all the work.
At the time of writing this review, FXOptimax offers a 50% bonus on each deposit of at least $50, provided that 12.5 lots are traded.
FXOPTIMAX offers its clients the following deposit/withdrawal methods: via credit/debit card, wire transfer, local payment agents, or e-wallets Neteller, Skrill, FasaPay, OKPay, Perfect Money and China UnionPay.
FXOptimax is an offshore broker with light-touch regulation, however it is worth checking out its competitive conditions for trading in a number of currency pairs and precious metals on the ever popular MT4 platform. To sum things up, here are the advantages and drawbacks with regards to FXOptimax:
|Low spreads||Not regulated|
|STP execution||No index & commodities CFDs|
|Advanced auto trading options|
|Low initial deposit required|
|High leverage levels|
FXTM is a EU regulated forex broker, offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $1 and take advantage of tight fixed and variable spreads, 1:1000 leverage and swap-free accounts.
FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.
XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.
FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.
Grand Capital is a MT4 forex broker, offering $500 no deposit bonus and 40% bonus on all deposits.
Trading212 is a European broker with an excellent proprietary trading platform, which is now available as an iPhone app as well (we tried it out and we loved it). Trading 212’s customers enjoy fast execution a vast selection of trading instruments.
FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.
|Cyprus||CySec||MT4, MT5, Web||$5||Review Website|
|US, UK, Australia||CFTC/NFA, FCA, ASIC||MT4, Web,
|UK, Australia, Singapore||FCA||MT4, Web,
|UK, Cyprus||FCA, CySec||MT4||$5||Review Website|
|UK, Cyprus||FCA, CySEC||MT4, MT5, Web,
|UK, Bulgaria||FCA, FSC||Web||$150||Review Website|
|Belize||IFSC||MT4, MT5||$100||Review Website|
|Cyprus||CySEC||MT4, MT5||$300||Review Website|
|New Zealand||FMA||MT4||$1000||Review Website|