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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
Founded	2024
Registered Country/Region	Nevis, Cyprus
Regulation	Not regulated
Market Instruments	Forex, Commodities, Indices, Shares, Cryptocurrencies
Demo Account	✅
Spread	From 2 pips (Forex)
Trading Platform	Web-based
Min Deposit	$10
Customer Support	Phone: 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.

Pros and Cons

Pros	Cons
Low minimum deposit of $10	Not regulated
Offers a demo account for practice	Limited customer support
Provides over 410 trading instruments	High spreads (up to 2 pips )

Is Optinary Legit?

Optinary is unregulated.

What Can I Trade on Optinary?

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

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Indices	✔
Shares	✔
Cryptocurrencies	✔
ETFs	❌
Bonds	❌

Account Types

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

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

Account Type	Minimum Deposit	Key Features	Suitable For
Demo Account	$0	Practice trading with virtual funds	Beginners
Real Account	$10	Access to all instruments and features	All traders
Islamic Account	$10	Swap-free trading	Traders seeking Sharia-compliance

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.

Instrument	Spread	Commission
EUR/USD	From 2 pips	None
Gold	From 0.5 pips	None
BTC/USD	From 1%	None

Non-Trading Fees

Optionary asks for some kinds of non-trading fees.

Fee Type	Details
Dormant Account	$10/month after 90 days of inactivity
Withdrawal Fees	2% after 1 free withdrawal per month
Currency Conversion Fee	Up to 3%

Trading Platform

Trading Platform	Supported	Available Devices	Suitable For
Optinary APP	✔	Desktop, Mobile	All traders
MT4	❌	-	-
MT5	❌	-	-

Deposit and Withdrawal

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

Deposit Options	Min. Deposit	Fees	Processing Time
Bank Transfer	$10	Free	1-3 Business Days (Up to 5 days when withdrawing)
Credit/Debit Card(VISA, Mastercard)	$10	Free	Instant
E-Wallets(Advcash, Perfect money)	$10	Free	Instant