Opti Trade Information
Founded in 2024, Opti Trade is an unregulated brokerage company based in the UK. The company offers more than 65 tradable instruments with three different types of accounts.
Pros and Cons
Is Opti Trade Legit?
Opti Trade currently lacks valid regulation. Its domain was registered on May 1, 2024. Though the current status is “ok”, we advise you to pay attention to the safety of your funds if you choose this broker.
What Can I Trade on Opti Trade?
You can trade with more than 65 instruments, such as Forex, Indices, Commodities, Cryptocurrencies, and Precious Metals.
Account Type
Opti Trade provides the standard account, premium account, pro account, and turbo account. You can find detailed info for each account type on the screenshots below. One point that needs to note is that Opti Trade does not offer demo accounts.
Leverage
The Standard and Premium Accounts provide higher leverage of 1:200, and the Pro and Turbo Accounts offer leverage of 1:100. While higher leverage can expand profits, it also increases the risk of losses.
Deposit and Withdrawal
You can start trading using those funding methods: Perfect Money, Mastercard, Visa, Bitcoin, Tether, and Litecoin.
Customer Service
The Bottom Line
Opti Trade offers a diverse range of trading instruments and flexible leverage options, but lacks regulation and does not offer demo accounts. It may be suitable for experienced traders, but for most investors, especially beginners, choosing a regulated broker would be more prudent.
FAQs
Is Opti Trade good for beginners?
No, Opti Trade isn't ideal for beginners because of the lack of regulation and no demo accounts for practice.
Is Opti Trade good for day trading?
It could be suitable for day traders who value a wide range of instruments and flexible leverage ratios.
Is it safe to trade with Opti Trade?
No, because it's unregulated.
