Pros
- Large selection of forex pairs and other underlying assets
- Low spreads
- User-friendly interface
- Industry-average commission rate
Cons
- Not available in the US
OQtima is a fully-regulated broker under the Cyprus Securities and Exchange Commission (CySEC) and Financial Services Authority of Seychelles that offers low spreads starting from 0.0 pips and industry-average commission rates.
The CFD trading platform supports a large selection of crypto underlying asset instruments (over 40). And compared with most new forex brokers/CFD brokers it offers an ample selection of products including futures contracts and exchange-traded funds.
In general, OQtima is a CFD trading platform that is easy to use and suited for professional traders and beginners looking to trade an underlying asset.
Important Risk Warning: Investing in and/or trading CFDs, financial instruments, commodities, and other assets involves a significant level of risk. There is a possibility of losing all the funds you have deposited. Prior to engaging in any such activity, it is essential that you fully understand and acknowledge the associated risks. Please be advised that Skrumble.com does not offer investment or any other form of advice. The information provided in our review should not be construed as financial advice in any way.
OQtima was founded in 2021 by CFD trading and forex industry experts with over 30 years of experience in the field.
The trading platform supports more than 1000 assets allowing users to participate in trading CFDs, futures contracts, trading derivatives, Metals, Energies, Shares, Indices, and trading cryptocurrencies on any device (mobile, tablet, PC, etc) via MetaTrader 4, WebTrader and cTrader for international users and MetaTrader 5, WebTrader and cTrader for EU users.
OQtima also offers a couple of perks such as negative balance protection and spreads from 0.0 pips. It also has had customers commend its execution time, which averages around 30 ms.
As with most trading platforms worth investing in, OQtima is regulated in Cyprus under the Cyprus Securities and Exchange Commission (CySEC).
Oqtima Global is also regulated in Seychelles under the Financial Services Authority (FSA) under its related entity Oqtima Global with license number SD109 as a securities dealer.
The OQtima demo account allows both beginner traders and experienced traders to test their trading strategies before trading in the live account.
Beginner traders who want to learn how to trade CFDs and how to navigate the OQtima platform can practice trading in the demo account until they are ready to trade in the live market.
The demo account simulates the live market but trading is done with virtual currency, this means the trader gets to trade as though they were trading in the actual market but without the risk of losing money.
All profits made in the demo account cannot be withdrawn because the trades are executed with virtual currency.
The demo account is not just for inexperienced traders, it is also perfect for expert traders who want to test the profitability of their strategies before trading with actual funds in the live account. This reduces the risks involved if they trade in the live market with untested strategies.
While the prices and instruments on the OQtima demo account offer features similar to what is available in the real account, in some cases, especially during times of high volatility in the market, there may be differences in the execution of demo accounts.
The OQtima Introducing Brokers Program allows you to earn a portion of the broker’s revenue from the trading activity of every active client you refer to OQtima. The more clients you refer to OQtima, the higher your revenue.
OQtima has a bar on the Introducing Brokers page that shows you your estimated average monthly income based on the total number of traders you introduce to OQtima.
According to the income bar, the potential estimated monthly earning for 10 active traders is $800 and $32,000 for 400 active traders.
OQtima offers daily payouts and immediate withdrawals.
It offers partners access to promotional materials in different languages that can be used for marketing as well as tracking links with live statistics.
OQtima offers structure tier rebates for high achievers and a multi-tier Introducing Broker scheme. It also offers several payment and withdrawal methods and competitive market spreads and conditions for traders.
Introducing Brokers partners have access to an International support team, fluent in 12+ languages, which can help them convert more clients.
To become a part of the OQtima International Brokers program, you need to open an OQtima account and apply to become an IB.
Once your application is approved, you will be assigned a referral link, you can publish your partner link to gain referrals.
When your referrals become OQtima clients and start trading on the platform, you earn your rewards.
As already stated, your commission is based on the trading volume/frequency of transactions performed by the referred client on the OQtima platform.
Just like other forex brokers, OQtima prohibits Introducing Brokers from providing investment advice to clients. Clients must also be aware that Introducing Brokers are not representatives of OQtima and are not authorized to provide any guarantees or promises to clients about OQtima or its services.
OQtima supports crypto trading via CFDs. It supports over 45 crypto pairs. Supported cryptocurrencies include Bitcoin, Ethereum, Litecoin, Polkadot, Chainlink, Cardano, EOS, Ripple, Dogecoin, Uniswap, Bitcoin Cash, Avalanche, etc.
OQtima also supports the following assets:
OQtima uses multiple pricing aggregators and top-tier banking institutions to offer arguably very tight spreads and competitive commission pricing when compared to similar trading platforms.
ECN Account:
OQtima One Account:
ECN Account:
OQtima One Account:
ECN Account:
OQtima One Account:
ECN Account:
OQtima One Account:
ECN Account:
OQtima One Account:
ECN Account:
OQtima One Account:
ECN Account:
OQtima One Account:
OQtima charges commissions only on the OQtima ECN+ account. Commissions are as listed below for each base currency and it is listed Per 1 in FX (100,000 base currency)
Swap fees also known as rollover charges are charged on any trade that is left open overnight or in the case of shares, beyond the time of market closure for particular stocks.
OQtima as with most trading platforms displays the swap rate in your account dashboard as a percentage per annum and can be calculated using this formula: Market Price (*EOD) X Trade size in lots X Swap rate / 100 / 360 = Swap charge per night in USD
OQtima offers a large selection of payment methods for users interested in trading cryptocurrency CFDs, executing a futures contract, and trading forex.
Listed below are its supported funding and withdrawal methods:
Credit Card and Debit Card (MasterCard and Visa)
OQtima supports USD, GBP, EUR, JPY, BRL, CHE, CNY, CAD, and AUD as deposit currencies for this payment method. There are also no deposit fees attached. The minimum funding amount is $100 and all deposits reflect instantly.
Wise and Revolut
Traders can use USD, GBP, EUR, JPY, BRL, CHE, CNY, CAD, and AUD to fund their trading accounts via Wise and Revolut. There are no fees attached and the minimum deposit amount is $100. This payment method also offers instant deposits.
E-wallets (Neteller and Skrill)
Deposits via Neteller and Skrill are instant and support the following currencies: USD, GBP, EUR, JPY, BRL, CHE, CNY, CAD, and AUD. The minimum deposit for this method is $100 and all payments reflect instantly.
Bank Transfer
You can fund your OQtima trading account via bank transfer using the following currencies: USD, GBP, EUR, JPY, BRL, CHE, CNY, CAD, and AUD. Payments take 1 to 3 working days to reflect in your account and the minimum deposit is $100.
It is important to note that while OQtima will not charge you for deposits however your financial institutions may attach a fee to the transaction.
OQtima also stores all client deposits in segregated top-tier 1 in the United Kingdom and Australia in line with the regulatory bodies for forex brokers.
OQtima is licensed by the Financial Services Authority of Seychelles.
Like most regulated forex brokers, it is required to meet strict financial standards including audit requirements and capital adequacy.
The forex broker conducts periodic audits by both internal and external parties. This is to ensure that clients’ funds are protected and that the company adheres to the regulatory requirements.
OQtima complies with the Securities Act and the Securities (Conduct of Business) Regulations.
It also has procedures and policies in compliance with the FSA Anti-Money Laundering and Counter-Terrorism Financial Act, to prevent money laundering activities from occurring on the platform.
OQtima holds clients’ money in segregated trust accounts with Top-Tier banks in Australia and the United Kingdom.
Client funds are not stored together with OQtima company funds. The funds are not used for any other purposes other than facilitating the trading activity of the clients.
OQtima ensures that all personal information it collects from clients is protected against misuse, loss, interference, disclosure, unauthorized access, and modification.
Sensitive client information is transferred outside the Company on a need-to-know basis. It does not disclose client information unless it is required by law to do so or upon the request of the client.
The platform implements several operational and organizational standards to ensure that clients’ data is continuously protected.
That said, OQtima does not take responsibility for any loss of personal information or unauthorized access that is beyond its control.
The Forex broker has several policies and security measures in place to ensure that it provides a secure environment for trading and the storage of clients’ information. These security measures are regularly reviewed.
The OQtima team is required to use passwords when accessing OQtima systems. They are also educated about their obligation to the security of clients’ personal information.
OQtima uses intrusion detection systems, virus scanning tools, firewalls, encryption, and virtual private networks (VPNs) to protect viruses and unauthorized persons from gaining access to the system.
It also uses encryption or dedicated secure networks when transmitting electronic data for purposes of outsourcing.
OQtima doesn’t just focus on digital security, it also has measures in place to ensure the physical security of data and resources. This includes the provision of secure storage for physical records and the use of physical and electronic means such as guards, alarms, and cameras to prevent unauthorized access to its buildings.
OQtima safely destroys client information that is no longer needed using Secure methods. Paper records are destroyed by pulping or shredding while electronic records and equipment are destroyed by degaussing and other means.
OQtima offers Negative Balance Protection. This protects traders from losing more than they have in their accounts when trading.
OQtima offers forex and crypto CFD trading to users from over 100 nations.
The broker does not support residents of the United States of America, Iran, North Korea, Russia, and any country or jurisdiction where OQtima services are contrary to the local law or regulation.
OQtima Global is licensed and regulated by the Financial Services Authority of Seychelles with Licence Number SD109 and the Cyprus Securities and Exchange Commission with Licence Number 406/21.
To open a trading account with OQtima go to https://www.OQtima.com.
Next, tap on the Trade Now button at the center of the page or click the Hamburger sign at the upper right corner of your screen and select Get Started.
Once there, OQtima will request that you enter your details, which include your first name and last name, country of residence, and email address.
Select a password and tick the box beside “I agree to allow the company to process my personal data to meet its regulatory obligations”.
Click Continue.
Next, you will need to answer questions about your financial status, which include your country of tax residence, if you’re a US citizen, your net worth, employment status, etc.
Tick the agreement boxes if you agree to the terms and then click Continue.
Next, you’ll need to submit your government-issued identification documents to launch a live account.
The process typically takes a couple of minutes to submit and be approved.
Supported identity documents include a Driver’s license, international passport, residence permit, and national identification card.
After your identity documents have been verified, you will need to choose type of account to open, leverage you will want to use and the base currency of your account.
Click Continue to confirm your choices.
That’s it! You’ve created your OQtima account.
OQtima supports 2 account types: The OQtima ECN+ account and OQtima One account.
OQtima offers an easy-to-use trading experience. The broker supports popular trading platforms like MetaTrader 4 and cTrader on all devices (iOS, Android, PC, Mac, and tablets). Additionally, for EU customers, they offer MetaTrader 5 as well as cTrader.
There are 1000 assets to trade and its execution speed makes it one of the best trading platforms for scalpers.
Both beginners and advanced investors/traders will find the broker seamless for trading an underlying asset.
OQtima supports the following trading platforms: MetaTrader 4, MetaTrader 5, WebTrader and cTrader. These options are perfect for both discretionary and algorithmic traders as they support backtesting for EAs, automated trading, charting tools, and the ability to enhance features with popular plugins.
OQtima offers its cryptocurrency products as an underlying asset (crypto CFDs). This means that instead of buying to own digital assets, you simply trade crypto on its price movements as an underlying asset. Simply put, you’re profiting or losing off the price movement of the underlying asset (crypto).
To trade cryptocurrency, launch your preferred trading platform, MetaTrader or WebTrader, and under the assets tab choose cryptocurrencies then select a pair and trade.
OQtima offers customer service via phone at +442045867126 and email at support@oqtima.com. Customers can also contact the support team by filling out the inquiry form on the support page.
The platform additionally offers a Help Center featuring solutions to commonly posed inquiries, along with an introductory lexicon designed for newcomers. This lexicon elucidates various cryptocurrency jargon, such as spread, derivatives trading, pips & stops, and futures contracts.
OQtima has a user-friendly interface and offers good customer service.
It also has a score of 4.5 stars on TrustPilot, strengthening even more the trust towards this broker.
That said, the platform has limited educational materials.
Yes, OQtima offers education via its Help (FAQ) page where it lists and explains popular trading terms like crypto CFDs, derivatives market, pips and points, futures contracts, margin leverage, etc.
OQtima is right for beginner and advanced traders looking for an easy-to-use, regulated, and fee-transparent crypto CFD broker with a large selection of cryptocurrencies, foreign exchange and other assets.
OQtima stands out from other forex brokers for its fast execution times, tight spreads, low commissions, and ample selection of cryptocurrencies/other assets. The broker is also easy to use and navigation around the platform is seamless.
However, the crypto CFD landscape is vast and varied. For those keen on exploring further and comparing top brokers, our comprehensive Pepperstone review serves as an excellent resource.
Yes, OQtima is a good broker that offers tight spreads starting from 0.0 pips and fast execution speeds. It is also regulated in Cyprus and Seychelles.
The minimum deposit is $20.
OQtima has offices in Limassol, Cyprus, and Seychelles.
Yes, OQtima is a legit CFD and forex broker regulated in Cyprus and Seychelles.
We always try to provide the most accurate information available, and make sure our team follow through.
If you want to know more about our CFDs Brokers Review Methodology follow the link below
Skrumble.com provides all its content for informational purposes only, and this should not be taken as financial advice to buy, trade, or sell any investment instruments or products, including but not limited to cryptocurrencies, or use any specific exchange. Please do not use this website as investment advice, financial advice, or legal advice, and each individual’s needs may vary from that of the author. Investing in financial instruments, including cryptocurrencies, carries a high risk and is not suitable for all investors. It is possible to lose the entire initial investment, so do not invest what you cannot afford to lose. We strongly advise conducting your own research before making any investment decisions. This post includes affiliate links with our partners who may compensate us.
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