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OQtima Review 2025

By:
Plamen Stoyanov
Reviewed By:
Ola Alder
Updated: Mar 5, 2025
Overall Rating
4.1
  • Trust
    3.5
  • Fees
    3.8
  • Platforms and Tools
    4.0
  • Tradable Instruments
    4.5
  • Customer Support
    5.0
  • Research
    3.7
  • Deposit and Withdrawal
    4.9
  • Account Types and Terms
    4.9
  • Education
    1.6
  • How Did We Test and Rate This Broker?
    When trading forex and CFDs, understanding a broker's strengths and weaknesses is essential. We developed a proprietary rating system, which is the result of extensive research and hands-on evaluation by our expert reviewers. With a rigorous approach, our reviewers manually assess each broker, investing more than 50 hours per review, checking and testing the broker while analyzing over 250 variables to simplify the broker selection process for you. The categories we evaluate include trustworthiness, trading platforms, customer support, regulatory oversight, spreads, fees, the variety of instruments offered, education, and research tools. This unique rating system is specifically developed to ensure that the assessment is based on firsthand knowledge and experience. By dedicating a significant amount of time to each review, our team of experts can provide in-depth insights and help you make well-informed decisions when choosing the broker that best suits your trading goals.
    Chart

    Our Take on OQtima

    OQtima is a financial derivatives broker established in 2022. It is headquartered in Limassol, Cyprus, and offers more than 940 tradable instruments that can be traded via MetaTrader 4 and MetaTrader 5.

    OQtima impresses with its rock-bottom BTCUSD spread, free Virtual Private Server (VPS) hosting for low-latency trading, and diverse range of tradable instruments. Additionally, OQtima incorporates industry-leading market research by Trading Central.

    On the other hand, the broker lacks educational content and charges wide spreads on some instruments like indices.

    In conclusion, I determined that OQtima is an excellent choice for day traders, cryptocurrency traders, and algo traders.

    OQtima Pros and Cons

    Pros  Cons
    • Diverse tradable instruments offering 
    • Free VPS hosting 
    • 100+ ETFs 
    • Trading Central content 
    • Low crypto spreads 
    • Cost-free deposits and withdrawals
    • No educational content
    • No copy/social trading 
    • High spreads on indices

    Is OQtima Right for You?

    When reviewing a broker, we assess if it suits different trading strategies and trader profiles. To achieve this, we evaluate the availability of the necessary features and tools. Here’s our verdict about OQtima:

    Scalpers can utilize OQtima’s free VPS to achieve ultra-fast order execution speeds averaging 5 milliseconds. Moreover, they can access actionable trading signals by Trading Central directly on the MT4/MT5 platforms. This is possible via the Alpha Generation plugin.

    OQtima’s robust market research includes an intuitive economic calendar, featured trading ideas on a wide range of trading instruments, probing economic analyses, and an intuitive market sentiment gauge. These multifaceted tools make OQima an ideal solution for news trading.

    Algo traders can benefit from the broker’s VPS to achieve low-latency trading and stable internet connectivity. Additionally, both OQtima account types – ONE and ECN – support automated trading via Expert Advisors (EAs). Finally, MetaTrader features built-in strategy testers so that algo traders can perfect the parameters of their strategies.

    Traders can start with OQtima with a low deposit of only $100, making the broker’s accounts quite affordable. Additionally, casual traders can benefit from free access to top-tier research content by Trading Central. However, the broker has limited educational content.

    While OQtima does offer a wide range of share CFDs and ETFs typically used by swing traders, its relatively high swaps prevented it from scoring higher. Still, overnight fees change over time.

    Day traders can access featured trading ideas and comprehensive market analyses provided by the seamless Trading Central. However, OQtima clients are limited to a choice between MT4 and MT5—two platforms with rather cumbersome charts that are not ideal for conducting probing technical analysis.

    OQtima does not support social and copy trading.

    OQtima does not offer real stocks for value investing. The broker’s 945 tradable instruments can be traded solely as CFDs.

    What Sets OQtima Apart?

    OQtima stands out with its broad range of low-risk securities, including more than 100 ETFs, which can be used for trade diversification. Additionally, the broker provides an extremely low BTCUSD spread, which I recorded at $13, beating the industry average of $34.

    I opened an OQtima ONE account with the OQTIMA INT. LTD entity and performed my tests on the desktop and mobile app versions of the MetaTrader 5 (MT5) platform. Some features and services may vary depending on where you reside.

    OQtima Main Features

    ☑️ RegulationsCySEC (Cyprus), FSA (Seychelles)
    🗺 Supported Languages
    English, Italian, Spanish, Portuguese, Chinese, Korean, French, Indonesian, Malaysian, Vietnamese, Japanese
    💰 ProductsCurrencies, Stocks, Crypto, Indices, Commodities
    💵 Min Deposit$20
    💹 Max Leverage
    1:30 (CySEC), 1:500 (FSA)
    🖥 Trading Desk TypeSTP
    📊 Trading PlatformsMT4, cTrader
    💳 Deposit Options
    Wire Transfer, Skrill, Neteller, Credit Card, Debit Card
    💳 Withdrawal Options
    Credit Card, Debit Card, Wire Transfer, Skrill, Neteller
    🤴 Demo AccountYes
    🗓 Foundation Year2022
    🌎 Headquarters CountryCyprus
    Risk DisclosureCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

    OQtima Full Review

    Trust

    3.5
    How Did We Test the Broker's Trustworthiness?
    Assessing a broker's trustworthiness with your funds is vital. To help you make the right decision, we carefully checked each broker's regulatory license and examined how well they protect traders. Moreover, we looked at the broker's stability by studying their business history, corporate structure, and industry experience. Finally, we thoroughly reviewed all of the broker's legal documentation, including terms, conditions, and fees, and evaluated their transparency based on our analysis. Our hands-on approach ensures that even novice traders have the knowledge they need to make smart decisions.
    trust chart

    Two entities operate under the OQtima brand. They are licensed and regulated by CySEC in Cyprus and FSA in Seychelles. The broker claims to ensure the segregation of client funds and negative balance protection. It has also issued a ‘best execution policy’.

    Entity Features  OQTIMA INT. LTD OQtima EU Ltd
    Country/Region Seychelles, Mahe Cyprus, Limassol 
    Regulation FSA CySEC
    Tier 3 1
    Segregated Funds Yes Yes
    Negative Balance Protection Yes Yes
    Compensation Scheme No Up to EUR 20,000 under ICF
    Maximum Leverage 1:1000 1:30

    OQtima Regulations

    In our reviews, we examine the licenses and regulations of each entity operated by a broker, allowing us to compare their different levels of protection. We rank licenses by various regulatory bodies on a three-tier system, where Tier-1 licensing indicates the highest level of regulation.

    This is what I discovered about the two entities operating under the OQtima trade name:

    • OQTIMA INT. LTD is licensed and regulated by the Seychelles Financial Services Authority (FSA) under license number SD109. We rate the FSA as a Tier-3 regulator.
    • OQtima EU Ltd is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 406/21. We rate CySEC as a Tier-1 regulator.
    OQTIMA INT. LTD’s licensing information at fsaseychelles.sc
    OQTIMA INT. LTD’s licensing information at fsaseychelles.sc

    Understanding the Regulatory Protections of Your Account

    Brokers operate multiple entities globally, but regulatory protections vary. Some regulators enforce stricter financial standards than others, so traders should understand the safety measures of the entity they choose to open an account with.

    Here is what you need to be looking for in a broker in terms of safety mechanisms:

    • Segregation of client funds: Keeping client funds in segregated bank accounts from the ones used for the broker’s corporate capital negates the risk of accounting errors. Both OQtima entities guarantee the segregation of client funds.
    • Negative balance protection: This safety mechanism removes the risk of trading losses exceeding the account balance. In other words, the losses you incur from trading are capped at the amount you have put in your trading account. Negative balance protection is available with both entities.
    • Compensation scheme: A compensation scheme protects traders against the broker’s liabilities if the company becomes insolvent. Clients of OQtima EU Ltd are protected by up to EUR 20,000 under the Investor Compensation Fund (ICF).
    • Maximum leverage: Capping the maximum leverage restricts the extent of market exposure to retail traders. The higher the leverage, the higher the potential profits and potential losses. The maximum retail leverage with OQTIMA INT. LTD is 1:1000.

    Stability and Transparency

    In our Trust category assessments, we evaluate factors tied to stability and transparency, including the broker’s longevity, company size, and information transparency.

    I reviewed the broker’s Client Agreement and noticed some minor discrepancies. In particular, it does not mention the segregation of client funds or negative balance protection. However, the website states that the broker does indeed guarantee both—something that cannot be independently confirmed.

    I also checked the broker’s legal documents and discovered that it had issued a ‘best execution policy,’ a legal mandate to provide traders with the most favorable price quotes under the prevailing market conditions.

    Is OQtima Safe to Trade With?

    I determined that OQtima is safe to trade with due to the following factors:

    • It is licensed by two regulators
    • It has issued a ‘best execution policy’
    • Client funds are kept in segregated accounts

    Fees

    3.8
    How Did We Test the Broker's Fees and Commissions?
    Broker commissions and fees can be challenging to understand. To simplify this for you, we carefully examined all the broker's fee-related documentation and presented it in a clear, easy-to-understand format. Furthermore, we conducted hands-on tests on spreads and commissions for the most common instruments during both London and New York trading sessions. We then compared these real-time test results to the market benchmark we've established through our extensive experience evaluating the industry.
    fees chart

    OQtima’s spreads vary greatly across instruments from different asset classes on its Standard trading account. Its crypto spreads are quite low, but the spreads on indices are comparatively higher. I also learned that the broker does not impose a handling fee for deposits or withdrawals.

    OQtima Trading Fees

    OQtima Spreads

    I tested OQtima’s spreads on 16 January 2025 during the London and New York opens. The results are shown in the table below:

    Instrument Live Spread AM Live Spread PM Industry Average
    EURUSD 1.2 pips 1.2 pips 1.08 pips
    GBPJPY 2.4 pips 1.2 pips 2.44 pips
    Gold (XAUUSD) 21 pips 25 pips 23 pips
    Crude Oil 0.04 pips 0.05 pips 0.03 pips
    Apple NA 0.06 points 0.33 points
    Tesla NA 0.11 points 0.50 points
    Dow Jones 30 5.0 basis points 5.0 basis points 3.3 basis points
    Germany 40 5.0 basis points 5.0 basis points  2.4 basis points
    Bitcoin $13 $13 $34

    My live tests indicate that OQtima charges low spreads on share CFDs and Bitcoin, low-to-average spreads on currency pairs, average spreads on commodities, and high spreads on indices.

    OQtima Swaps

    A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight.

    The values listed below are for one full base currency contract (100,000 units).

    Instrument Swap Long Swap Short
    EURUSD Charge of $6.21 Credit of $2.28
    GBPJPY Credit of $14.32 Charge of $33.6

    I assessed that OQtima’s swaps are average to high compared to the industry benchmark. However, overnight charges change over time.

    OQtima Non-Trading Fees

    OQtima does not impose a handling fee on deposits or withdrawals, but third-party processing fees may apply. However, the broker charges dormant accounts an inactivity fee of $20, which is applied monthly until activity resumes or the account balance drops to zero. An account is considered dormant after six calendar months of sustained inactivity.

    Accounts Comparison

    I have compiled the table below to help you better understand the difference between the trading fees with OQtima’s two retail account types and the industry average. It illustrates the spreads and commissions I have recorded for the EUR/USD pair and compares them against the typical costs for ECN and STP accounts in the industry at large.

    The table demonstrates how much you would have to pay to trade 1 full lot (100,000 units) in EUR/USD with a pip value of $10 for each account.

    To calculate the cost of such a full-sized trade, I used this formula: Spread x pip value+commission

    Account Type* Minimum Deposit  Spread Commission** Net Cost
    OQtima ONE $100 1.2 pips $0 $12
    OQtima ECN+ $100 0.1 pips $6 $7
    Typical STP NA 1.2 pips $0 $12
    Typical ECN NA 0.2 pips $6 $8

    *The numbers in this chart are only illustrative and subject to change over time
    **Round-turn commission

    According to my live tests, the trading fees on OQtima’s ONE account are in line with the typical STP account with respect to forex trading. In comparison, its ECN+ account offers marginally better trading fees than the typical ECN account.

    Are OQtima’s Fees Competitive?

    The competitiveness of trading fees on the OQtima ONE account depends largely on the traded instrument. For instance, the broker offers extremely favorable share CFDs and cryptocurrency spreads, but its commodities and indices spreads were quite elevated. On a positive note, OQtima does not charge a handling fee for deposits and withdrawals.

    Platforms and Tools

    4
    How Did We Test the Broker's Trading Platforms?
    We understand that platforms play a crucial role in your trading experience. That's why we spent many hours testing the broker's web, desktop, and mobile trading platforms to gain a real understanding of their usability, functionality, and overall performance. From experimenting with different order types to testing execution speeds, charting, and other features, we thoroughly examined every aspect of these platforms based on our trading expertise, helping you make an informed choice.
    platforms chart

    OQtima incorporates the standard suites of MT4 and MT5, available for web, desktop, and mobile trading. The two can be enhanced via the Guardian Angel plugin, which integrates Trading Central content on the platforms. OQtima also provides free VPS hosting for low-latency trading.

    Platform/Tool Suitable For
    MetaTrader 4 Basic technical analysis, simple order execution, automated trading
    MetaTrader 5 Basic technical analysis, simple order execution, automated trading
    MT4/MT5 Apps Trading on the go
    Free VPS hosting Low-latency trading and stable internet connectivity 

    OQtima MT5 Desktop

    I tested the desktop version of the MetaTrader 5 platform, which features multiple essential tools, such as one-click trading, an alarm setting option, and a market depth tool. These allow traders to examine various market developments from different angles and exploit the underlying trading opportunities in multiple ways.

    MetaTrader’s depth of market tool
    MetaTrader’s depth of market tool

    In my opinion, MT5 is best suited for automated trading via Expert Advisors (EAs). The platform also has an intuitive strategy tester, allowing experienced algo traders to tweak the parameters of their strategies so that they can be used under different market conditions.

    General Ease of Use

    MetaTrader 5’s main panel
    MetaTrader 5’s main panel

    OQtima’s MT5 platform is available on both Windows and Mac. The platform supports 52 different languages, including English, French, Spanish, German, Arabic, Chinese, and more.

    In addition to the above-mentioned depth of markets tool, MT5 also features:

    • Alerts-Setting Option: Traders can set alerts for when the price of a given instrument falls/rises to a predetermined level, which could potentially signal a viable entry opportunity.
    • Watchlist Customization: Traders can populate watchlists with their favorite instruments and track market changes more easily.
    • One-click Trading: This feature enables instant market entries at the spot price and is invaluable for high-precision traders, such as scalpers.
    • Trading from the Chart: Traders can place conventional trading orders directly from the chart, specifying the entry price, volume level, stop and take-profit levels, and more.

    Charts

    MetaTrader 5’s charts screen
    MetaTrader 5’s charts screen

    As shown above, a common issue with MetaTrader is that charts can quickly become cluttered, even with just two indicators. This can obscure price action examination and make it harder to perform detailed technical analysis.

    I have broken down the available analytical tools and chart configurations below:

    • 38 technical indicators: Including trend-based and volume-based indicators and oscillators to analyze price action and assess market sentiment, helping predict market movements.
    • 24 drawing tools: Tools like Fibonacci retracement levels and Elliott waves help identify price patterns, support/resistance levels, and breakout points. However, MT5’s design can make price action harder to interpret.
    • 21 timeframes: For multi-timeframe analysis, enabling detailed price action analysis.
    • 3 chart types: Price action can be displayed as line, bars, or candlesticks, offering diverse perspectives on trading opportunities.

    The chart screen is undeniably one of the most crucial features of a trading platform. It equips traders with essential tools and configurations to analyze price action and spot trading opportunities. Just as important is the ability to easily scale price action, allowing for a clearer and more detailed view of market movements.

    Orders

    MetaTrader 5’s order placing screen
    MetaTrader 5’s order placing screen

    MetaTrader 5 features three types of order execution: market, pending, and one-click trading that allows immediate entries at the spot price.

    I have broken down the available order types on the MetaTrader 5 platform below:

    • Market orders: Used for immediate entry at the best available price. They guarantee volume filling, though the entry price may differ from the requested price.
    • Limit orders: Guarantee exact price entries but won’t be filled if the price doesn’t reach the trigger level.
    • Stop orders: They are used to support open positions by limiting the maximum loss that can be incurred if the market turns in the opposite direction. A stop-loss order is placed at a fixed price below or above the spot price. If the market does indeed turn and triggers the stop-loss, it will transform into a market order and get filled at the best possible price.

    MT5 Desktop: My Key Takeaways

    MetaTrader 5 is a good option for fast and simple order execution. However, its dated and rugged design is inferior to newer and sleeker platforms. As a trader who prioritizes flexible charts that are easily scalable, I find MT5’s charting capability too rigid and less effective.

    OQtima MT5 Mobile

    The MT5 mobile app is available for both IOS and Android, enabling quick and easy access to the market on the go. It is very useful for opening, terminating, and adjusting open positions.

    The market is continually evolving, marked by periodic surges and declines in volatility. For this reason, staying on top of the latest market developments is crucial, a task made simpler through the mobile app version of MT5.

    You can also use the app to place market, limit, and stop orders, as well as to adjust the exposure of your open trades.

    Watchlist of selected instruments (1), chart window (2), order placing window (3)
    Watchlist of selected instruments (1), chart window (2), order placing window (3)

    MT5 App: My Key Takeaways

    The MetaTrader app stands out for its convenience, making it an essential tool for adjusting trades, especially during periods of heightened volatility. However, I consider it cumbersome and not the best choice for analyzing price action.

    OQtima Execution Model

    OQtima operates as an Electronic-Communication-Networks (ECN) broker without a dealing desk, which allows it to achieve fast execution speeds. Client orders are matched electronically (buyers to sellers and vice versa) at the interbank level.

    VPS Hosting

    OQtima provides Virtual Private Server (VPS) hosting to high-volume traders interested in achieving lightning-fast order execution speeds and stable internet connectivity. The service is free to OQtima clients who maintain an account balance of at least $500 and achieve a monthly traded volume of at least 5 lots.

    Tradable Instruments

    4.5
    How Did We Test the Broker's Tradable Instruments?
    For this section, we examined the broker's market offering, assessing the variety and depth of instruments and asset classes available for trading. Through our proprietary database, we then compared the results with other brokers. This comprehensive analysis allows you to determine if the broker offers the specific instruments and trading options you're looking for.
    tradable_instruments chart

    OQtima offers 940+ tradable instruments across currency pairs, commodities, share CFDs, indices, cryptocurrencies, and ETFs. I was most impressed with the massive ETF offering of 107 instruments, allowing traders to diversify their market exposure.

    Markets  Number Types  Industry Average
    Forex Pairs 63 Major, Minor, and Exotic 30 – 75
    Commodities  5 Metals, Energies, and Futures 5 – 10
    Shares CFD 730+ Retail, Finance, Tech, Other 100 – 500
    Indices  19 US, EU, Asia, Other 5 – 10
    Cryptocurrencies 45 Major and Minor 10 – 20
    ETFs 107 Financial, Industrial, Others 10 – 20

    Compared to the industry average, OQtima provides an average number of currency pairs and commodities and a high number of share CFDs, indices, and cryptocurrencies.

    What Are CFDs?

    Contracts for difference (CFDs) are derivatives that speculate on the underlying asset’s price without physical ownership.

    For example, a long position on gold would generate profit as the price rises or incur a loss as it falls, all without the need to purchase actual gold bars.

    One of the biggest advantages of trading CFDs is that traders can get in and out of the market almost instantaneously, thereby catching even minute changes in the price of the derivative.

    What CFDs Can You Trade with OQtima?

    Currency Pairs Commodities 
    EURUSD | GBPJPY | AUDUSD |   NZDSGD | GBPCAD | EURAUD |  Gold | Crude Oil | Brent Oil | Silver | Platinum
    Shares CFDs Indices
    Apple | Amazon.com | Tesla | Microsoft | Netflix | META | AIRBNB | Adobe Dow Jones 30 | Germany 40 | France 40 | Japan 225 | Nasdaq 100 | China 50 |
    Cryptocurrencies
    Bitcoin | Ethereum | Solana | Dogecoin | Cardano | Avalanche | Polygon

    OQtima Instruments: My Key Takeaways

    I appreciated OQtima’s massive offering of 100+ ETFs, which can be used to limit one’s market exposure. The broker also offers quite a few share CFDs and cryptocurrencies, which is important given its low spreads on instruments from these two asset classes. I would appreciate adding some alternatives to CFD contracts, such as vanilla options.

    Customer Support

    5
    How Did We Test the Broker's Customer Support?
    Traders often underestimate the importance of customer support, yet it proves to be a critical aspect during times of crisis. We put the broker's customer support to the test ourselves using all possible channels, such as chat, phone, and others. Our evaluation focused on the accessibility of live agents, as well as the helpfulness and professionalism of their responses. This way, we provide you with comprehensive insights into whether a broker can deliver full support when you need it most.
    customer_support chart

    OQtima provides 24/7 multilingual customer support via live chat, email, and phone. Agents are quick to respond, polite, and fairly knowledgeable. The website also has a dedicated Help section for more general queries.

    Customer Support Channels

    Live Chat Email Phone
    24/7 from the website support@oqtima.com 
    • United Kingdom:
      +44 330 828 5704
    • Seychelles:
      +248 4632034

    Customer Support Test

    When we test a broker’s customer support, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are.

    I conducted my test on 16 January 2025 at around 17:01 p.m. CET via live chat, which is available from the bottom-right corner of the website.

    An agent connected to the chat within seconds. He was polite, had a good command of English, and was fairly knowledgeable. I received a prompt reply to my question regarding OQtima’s margin call and stop-out levels. From my experience, customer support agents of other brokers frequently struggle with the same question. I concluded that OQtima offers fast, reliable, and quality customer support.

    My conversation with OQtima

    Available Languages 
    English, Spanish, Portuguese, and Japanese

    Deposit and Withdrawal

    4.9
    How Did We Test the Broker's Deposit and Withdrawal Process?
    The deposit or withdrawal process can be tricky since you may encounter hidden fees or longer than expected processing time. To assess the broker's offerings, we examined their deposit and withdrawal options and conditions. Using our proprietary database, we then compared these results with those of other brokers.
    deposit chart

    OQtima accepts payments via bank wire, international bank transfer, credit and debit cards, cryptocurrencies, and e-wallets. The broker does not impose a handling fee for deposits or withdrawals, but third-party banking fees may apply. Transaction times vary but fall within the norm.

    OQtima Deposits

    Deposit Method Fee Currencies Processing Time
    Bank Wire $0 EUR, USD, JPY, CAD, GBP, CHF, AUD, AED, HKD, PHP, NZD, ZAR 3-5 business days
    Credit/Debit Card $0 EUR, USD Instant
    UK Bankwire $0 GBP Instant*
    Local Banking $0 JPY, THB, MYR, IDR, VND, SGD, PHP Up to 10 minutes
    Crypto Funding $0 USDT Instant
    STICPAY $0 CAD, GBP, JPY, USD Instant
    PIX $0 BRL, USD Instant
    E-Wallets $0 Various  Instant

    *If made during UK business hours

    OQtima Withdrawals

    Deposit Method Fee Currencies Processing Time
    Bank Wire $0 EUR, USD, JPY, CAD, GBP, CHF, AUD, AED, HKD, PHP, NZD, ZAR Up to 24 hours
    Credit/Debit Card $0 EUR, USD Up to 24 hours
    UK Bankwire $0 GBP Up to 24 hours
    Local Banking $0 JPY, THB, MYR, IDR, VND, SGD, PHP Up to 24 hours
    Crypto Funding $0 USDT Up to 24 hours
    STICPAY $0 CAD, GBP, JPY, USD Up to 24 hours
    PIX $0 BRL, USD Up to 24 hours
    E-Wallets $0 Various  Up to 24 hours

    Account Types and Terms

    4.9
    How Did We Test the Broker's Account Types and Terms?
    When it comes to achieving your trading goals, choosing the proper account is essential. We initiated our evaluation by personally opening an account with the broker, which allowed us to gain firsthand experience of the process and accurately asses, how fast and easy it is. In addition, we carried out an in-depth analysis of the account types and features offered by the broker, including spreads, maximum leverage, minimum deposits, and more. For a comprehensive comparison, we turned to our proprietary database and examined how this broker's account offerings and processes stacked up against other brokers.
    account chart

    OQtima has two account types: OQtima ONE and OQtima ECN+. Both have a minimum deposit of $100 and accommodate hedging and EAs trading. The available base currencies include EUR, USD, GBP, CAD, JPY, CHF, SGD, and ZAR. Swap-free trading is also permitted via OQtima’s Islamic accounts.

    OQtima Account Opening Process

    OQtima account registration form
    OQtima account registration form

    To create an account with OQtima, follow these easy steps:

    1. Click ‘Get Started’ at the top-right corner of the main page.
    2. State your name, country of residence, and phone number.
    3. Provide an email and choose a password.
    4. Agree to OQtima’s T&Cs and proceed with the registration.
    5. Confirm your email address.
    6. Upload proof of ID and proof of address to verify your account.
    7. Create a trading account from the client area.
    8. Choose a trading platform and account type.
    9. Adjust your preferred leverage and select your base currency.
    OQtima’s account registration form (continued)
    OQtima’s account registration form (continued)

    OQtima Account Types

    Account Type OQtima ONE OQtima ECN+
    Spread From 1.0 pips 0.0 pips
    Commission* $0 $6
    Minimum Deposit  $100 $100
    Minimum Trade Volume 0.01 lot 0.01 lot
    Standard Contract Size 100,000 units 100,000 units
    Hedging Allowed Yes Yes
    EAs and Scalping  Yes Yes
    Margin Call 80% 80%
    Stop Out 20% 20%
    Swap Free Account Yes Yes
    Demo Account  Yes Yes

    *Round-turn per one full contract

    According to my tests, the OQtima ONE account is better suited for casual traders, while the OQtima ECN+ account offers marginally more competitive fees. Beyond the different pricing mechanisms, I find the two accounts quite similar. I also appreciated the combination of an 80% margin call and 20% stop-out that protect traders against the risk of complete account wipeouts.

    Demo Accounts

    OQtima offers a demo account on all available platforms. It introduces traders to the broker’s services and allows them to tweak their strategies in a risk-free environment. The market is continually evolving and never static, so it is important to hone your skills in a safe environment. You can set up a demo account for yourself before or alongside your live CFD account.

    Islamic Accounts

    OQtima offers Islamic accounts for swap-free trading under Shariah law. Clients must contact the broker’s customer support to request further assistance.

    What is CFD Leverage?

    Leverage determines a trader’s overall market exposure. When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of leverage. Essentially, the broker lends the trader money so that they can open bigger positions. Leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades.

    Maximum Leverage By Asset Class

    In the table below, I have listed the maximum retail leverage available with OQtima for instruments from different asset classes:

    Asset Class  Maximum Leverage
    Currency Pairs 1:1000
    Metals  1:1000
    Energies 1:100
    Shares CFDs 1:5
    Indices 1:100
    Cryptocurrencies 1:100
    ETFs 1:5

    OQtima Restricted Countries

    OQtima does not accept as clients residents of the United States, Iran, and North Korea or of any jurisdiction where trading may be prohibited by law or regulation.

    Research

    3.7
    How Did We Test the Broker's Research Tools?
    Research options offered by brokers may not be seen as the most important feature for some traders, but they can provide a competitive advantage. To assess the broker's research offerings, we personally explored and tested both proprietary and third-party tools and content, such as Fundamental and Technical Analysis, Market News, educational videos, and webinars. After evaluating the availability and quality of the overall research offering, we compared the results with our benchmark to provide a comprehensive analysis of the broker's research capabilities.
    research chart

    OQtima’s market research is mostly derived from Trading Central. The TC package includes featured trading ideas, an economic calendar, and the Market Buzz sentiment gauge. These tools can be implemented on MT4/MT5 via the Guarding Angel plugin.

    Research Tools

    Trading Central’s Market Buzz feature
    Trading Central’s Market Buzz feature

    I have broken down the available research content with OQtima by type below:

    • Economic Calendar: The economic calendar is the most rudimentary research tool and an indispensable feature in the trader’s toolkit. It informs the user of upcoming economic events and releases that can potentially stir price action and create viable trading opportunities.
    • Featured Ideas: Trading Central’s featured ideas inform the reader of currently infolding trading setups across multiple tradable instruments available with OQtima. They illustrate the prevailing bias (bullish or bearish), type of trading opportunity (e.g., channel breakout), and likely market behavior afterward.
    • Market Buzz: The Market Buzz feature represents a unique market sentiment gauge that tracks the latest mentions of popular tradable instruments on the broker’s platform. This helps the user assess how other traders are positioning themselves.
    A featured trading idea by Trading Central
    A featured trading idea by Trading Central

    OQtima Research: My Key Takeaways

    OQtima offers high-quality market research from Trading Central. I appreciated that most of the research content is available directly on MT4/MT5 via the Guarding Angel plugin. Furthermore, OQtima provides this highly practical and extremely valuable content for free. However, it has no research content developed in-house.

    Education

    1.6
    How Did We Test the Broker's Education Offering?
    Gaining knowledge about trading in the financial markets can make the difference between success and failure. To assess the broker's educational offerings, we personally tested and evaluated the quality of the content provided, considering its relevance for both novice and experienced traders. We explored the range of materials available, such as articles, videos, webinars, and courses. After evaluating the content's volume, update frequency, and overall quality, we compared the results with our benchmark to provide a well-rounded analysis of the broker's education offerings.
    education chart

    OQtima’s educational content is limited to a few glossary definitions of popular trading terms. Beyond that, the broker does not provide any articles, courses, webinars, or videos, unlike most other brokers.

    OQtima’s educational content is limited and lacks depth, making it insufficient for learning essential trading concepts and strategies. While the broker offers basic definitions of forex and CFD trading terms, beginners must seek more comprehensive educational resources elsewhere.

    OQtima’s FAQ section of the website
    OQtima’s FAQ section of the website

    The Bottom Line

    Founded in 2022 in Limassol, Cyprus, OQtima is a forex and CFDs broker that offers more than 940 tradable instruments across currency pairs, commodities, share CFDs, indices, cryptocurrencies, and ETFs. OQtima operates as an ECN broker and provides free VPS hosting to high-volume traders.

    OQtima incorporates MetaTrader 4 and MetaTrader 5 and permits hedging and algo trading via EAs. Its trading fees vary greatly between the tradable instruments, but the spreads on Bitcoin and share CFDs are notably low.

    The broker impresses with its massive range of 107 ETFs, low cryptocurrency spreads, and top-fo-the-line market research.

    Among the drawbacks I found were a lack of copy and social trading solutions and very limited educational content.

    Overall, I concluded that OQtima could be a great choice for day traders, algo traders, and cryptocurrency traders.

    FAQ

    OQtima is headquartered in Cyprus and has offices in Seychelles.
    OQtima is licensed by CySEC and FSA, ensures the segregation of client funds and negative balance protection, and has issued a ‘best execution policy’. All of these factors indicate that it is a safe broker.
    OQtima is not particularly suitable for beginners because it provides almost no educational materials. However, the broker does have competitive fees, low deposit requirements, and reliable customer support.
    The minimum deposit with OQtima is $100.
    Payments can be made via bank wire, international bank transfer, credit or debit cards, e-wallets, or cryptocurrencies.
    ransaction times may vary from 5 minutes to 24 hours.
    The maximum leverage for retail traders with OQtima is 1:1000.
    OQtima incorporates MetaTrader 4 and MetaTrader 5.
    Yes, it does.
    OQtima is a great choice for scalping the one-click trading feature on MetaTrader and free VPS hosting.
    Automated trading is available via MetaTrader’s Expert Advisors (EAs) feature. The platform also has a built-in strategy tester. Moreover, OQtima offers free VPS hosting for low-latency trading.
    OQtima is suitable for hedging because it offers a wide selection of low-risk securities, such as ETFs.
    No, OQtima does not offer spread betting.
    Yes, it does not.
    No, OQtima operates as an ECN broker without a dealing desk.
    No, OQtima does not operate as a bank.

    See OQtima Full Information

    Headquarters Country
    Cyprus
    Foundation Year
    2022
    Regulations
    CySEC (Cyprus), FSA (Seychelles)
    Publicly Traded
    No
    Number Of Employees
    17
    Trading Desk Type
    STP
    Trading Platforms
    MT4, cTrader
    Restricted Countries
    Burkina Faso, Cote dIvoire, Cuba, Cape Verde, Ethiopia, Fiji, Haiti, Iran, Jamaica, Jordan, Libya, Mongolia, Mozambique, Myanmar, Nicaragua, Panama, Seychelles, Sierra Leone, South Sudan, Syria, Tajikistan, Turkey, Yemen, North Korea, Cyprus, France, Germany, Greece, Hungary, Italy, Latvia, Liechtenstein, Luxembourg, Malta, Poland, Portugal, Spain, United States, Czech Republic, Virgin Islands, British, Afghanistan, American Samoa, Guam, Iraq, Lebanon, Puerto Rico, Somalia, Sudan, Russian Federation, Turkmenistan, Congo, Albania, Barbados, Belarus, Democratic Republic of the Congo, Northern Mariana Islands, China
    Supported Languages
    English, Italian, Spanish, Portuguese, Chinese, Korean, French, Indonesian, Malaysian, Vietnamese, Japanese
    Min Deposit
    $20
    Max Leverage
    1:30 (CySEC), 1:500 (FSA)
    Deposit Options
    Wire Transfer, Skrill, Neteller, Credit Card, Debit Card
    Withdrawal Options
    Credit Card, Debit Card, Wire Transfer, Skrill, Neteller
    Time to Withdrawal
    2
    Time to Open an Account
    7
    Crypto
    Ethereum, Dogecoin, Bitcoin, Litecoin, Bitcoin Cash, Ripple, Dash, TRON, Cardano, Binance Coin, Solana, Polygon, Avalanche
    Products
    Currencies, Stocks, Crypto, Indices, Commodities
    Demo Account
    Yes
    OCO Orders
    No
    Offers Hedging
    Yes
    Automated Trading
    Yes
    API Trading
    No
    Guaranteed Stop Loss
    No
    Guaranteed Limit Orders
    No
    Guaranteed Fills / Liquidity
    No
    Economic calendar
    Yes
    Trading From Chart
    Yes
    One-Click Trading
    Yes
    Expert Advisor
    Yes
    Social Trading
    Yes
    Autochartist
    Yes
    Trading Signals
    Yes
    Platform Languages
    Multi-lingual
    24 Hours Support
    Yes
    Support During Weekends
    No
    Live Chat
    Yes
    Daily Market Commentary
    Yes
    News (Top-Tier Sources)
    Yes
    Webinars
    No
    Deposit Fee
    No
    Withdrawal Fee
    No
    Inactivity Fee
    Yes

    About the Author

    Plamen StoyanovBroker Analyst

    Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor's degree in Economics and International Relations. Plamen's broad experience has equipped him with the expertise to recommend the best forex brokers.

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