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Optinary

WikiFX | 2024-11-11 15:24

Abstract:Optinary is a newly launched trading platform. It gives access to FX and cryptocurrencies among other instruments. Starting traders would find its cheap minimum deposit of $10 perfect. Its lack of control, though, puts a great danger to investors.

Optinary Review Summary
Founded2024
Registered Country/RegionNevis, Cyprus
RegulationNot regulated
Market InstrumentsForex, Commodities, Indices, Shares, Cryptocurrencies
Demo Account✅
SpreadFrom 2 pips (Forex)
Trading PlatformWeb-based
Min Deposit$10
Customer SupportPhone: Not specified
Email: Not specified
24/7 Online Chat: ×
Physical Address: Lighthouse Trust Nevis Ltd, Suite 1, A.L. Evelyn Ltd Building, Main Street, Charlestown, Nevis

Optinary Information

Optinary is a newly launched trading platform. It gives access to FX and cryptocurrencies among other instruments. Starting traders would find its cheap minimum deposit of $10 perfect. Its lack of control, though, puts a great danger to investors.

Optinary Information

Pros and Cons

ProsCons
Low minimum deposit of $10Not regulated
Offers a demo account for practiceLimited customer support
Provides over 410 trading instrumentsHigh spreads (up to 2 pips )

Is Optinary Legit?

Optinary is unregulated.

Is Optinary Legit?

What Can I Trade on Optinary?

Optinary offers a large range of trading instruments, including over 410 financial assets.

Tradable InstrumentsSupported
Forex✔
Commodities✔
Indices✔
Shares✔
Cryptocurrencies✔
ETFs❌
Bonds❌
What Can I Trade on Optinary?

Account Types

Optinary provides two main account types: a demo account and a real account.

An Islamic (swap-free) account is also available.

Account TypeMinimum DepositKey FeaturesSuitable For
Demo Account$0Practice trading with virtual fundsBeginners
Real Account$10Access to all instruments and featuresAll traders
Islamic Account$10Swap-free tradingTraders seeking Sharia-compliance
Account Types
Account Types

Optinary Fees

Trading Fees

Spreads and Commissions

Optinary applies spreads starting from 2 pips on forex pairs. Mark-ups and swap fees vary based on market conditions.

InstrumentSpreadCommission
EUR/USDFrom 2 pipsNone
GoldFrom 0.5 pipsNone
BTC/USDFrom 1%None
Optinary Fees

Non-Trading Fees

Optionary asks for some kinds of non-trading fees.

Fee TypeDetails
Dormant Account$10/month after 90 days of inactivity
Withdrawal Fees2% after 1 free withdrawal per month
Currency Conversion FeeUp to 3%
Non-Trading Fees

Trading Platform

Trading PlatformSupportedAvailable DevicesSuitable For
Optinary APP✔Desktop, MobileAll traders
MT4❌--
MT5❌--
Trading Platform

Deposit and Withdrawal

Optinary does not charge fees for deposits and withdrawal.And the minimum deposit is $10.

Deposit OptionsMin. DepositFeesProcessing Time
Bank Transfer$10Free1-3 Business Days (Up to 5 days when withdrawing)
Credit/Debit Card(VISA, Mastercard)$10FreeInstant
E-Wallets(Advcash, Perfect money)$10FreeInstant
Deposit and Withdrawal
Deposit and Withdrawal
Deposit and Withdrawal

Related broker

No Regulation
OPTINARY
Company name:Digital Smart LLC
Score
1.32
Website:https://www.optinary.com/
2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.32

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