OQtima Overall rating

	Rating	Weight
User Rating	4.5 (1 reviews)	3
Popularity	3.5	3
Regulation	5.0	2
Pricing rating	4.7	1
Features	4.5	1
Customer Support	4.5	1

We tested OQtima using real-money live accounts. Our reviews are unique in that they do not have any bias for or against any broker and are driven purely on the underlying data we compile from live account testing, regulatory data, and opinions from customers. We list all brokers and do not charge a fee for it. Read our About Us page to read our editorial guidelines and how we make money.

Trustworthiness & Regulation

OQtima is regulated by multiple authorities, including Cyprus CySEC and Seychelles SC FSA. It has received a total of one user review, rated 4.0 out of 5, and is ranked 59 in our forex brokers database based on user ratings and our expert's rating.

Despite being founded recently in 2023, OQtima has garnered a popularity rating of 3.5 out of 5 and attracts 34,664 organic monthly visits according to similarweb.com, ranking 219 in our forex brokers database for organic traffic.

Company	Licenses & Regulations	Segregated Client Money	Deposit Compensation Scheme	Negative Balance Protection	Rebates	Max. Leverage Retail Clients
Nordskov Capital Ltd	Cyprus - CY CYSEC		up to €20,000			30 : 1
CDE Global Markets Ltd,	Seychelles - SC FSA					500 : 1

Deposit Insurance

OQtima provides a deposit compensation scheme under its current Cyprus CySEC regulatory framework (Investor Compensation Fund). This means that in the event of the company's failure, retail investors may be compensated for their deposits up to €20,000. Please note that traders classified as professional are not protected by the CySEC ICF.

Spreads and Costs

OQtima offers competitive spreads and costs, particularly in forex and commodities. Compared to industry-leading brokers like IC Markets, Exness, and HFM, OQtima's average spreads are generally low, making it an attractive option for cost-conscious traders. For instance, the average forex spread is 1.70 pips, which is competitive.

Combined Spread/Commission Costs by Asset Class Compared to Market Leading Brokers

Crypto averages comprise (BTCUSD, ETHUSD), forex averages comprise (EURUSD, USDJPY, GBPJPY, EURGBP, AUDNZD, CADCHF), indices averages comprise (US30, AUS200), and commodities average comprises (XAUUSD, XAGUSD) and that data is sampled every 10 seconds for 24 hours to calculate the average. Forex is stated in pips, and the others are stated in base currency. All spreads including both spread and commission calculated in.

Our data comes from our sophisticated spread analyzer tool, which collects live account information and syncs with our performance analytics system. To compare all brokers and instruments with the latest live data, visit our spread analyzer tool.

A spread is the difference between the bid (sell) and ask (buy) price of an asset and can vary widely between brokers and account types. Some brokers charge higher spreads but no commission, while others charge both, making it crucial to assess the total cost, which includes both spread and commission.

Our values reflect this all-in cost. Note that some brokers may set low costs on popular pairs like EURUSD but higher rates on other instruments. Many brokers also advertise "as low as" spreads that may not reflect the true average or include commissions. Comparing true all-in cost averages across various instruments and asset classes is vital for accurate assessment.

Combined Spread/Commission Costs Per Instrument Compared to Market Leading Brokers

Swap Rates/Financing Fees

Swap fees, also known as overnight financing fees, are the costs or earnings that traders incur for holding a position overnight. Positive swap rates result in a payout to the trader, while negative swap rates result in a cost. OQtima's average swap rate is -2.54, which is relatively in-line with the industry average when compared to other leading brokers.

Does OQtima Offer Islamic/Swap-free Accounts?

Islamic trading accounts, also known as swap-free accounts, are designed for traders who cannot earn or pay interest due to religious beliefs. OQtima offers these accounts, complying with Sharia law, by not charging swap fees for overnight positions.

Other Fees

In addition to spreads, commissions, and swap rates, OQtima may charge other fees. Based on a review of top internet sources, here are some additional fees to be aware of:

Comparison to other Brokers

When comparing OQtima to other industry-leading brokers such as IC Markets, Exness, HFM, RoboForex, FBS, and Forex.com, several key points stand out. OQtima offers competitive spreads, especially in forex and commodities, and is regulated by both Cyprus CySEC and Seychelles SC FSA. However, it is a relatively new broker, founded in 2023, which may be a consideration for traders seeking a longer-established firm.

Its average swap rates are in-line with the industry average, though some competitors offer better rates. OQtima's popularity rating and web traffic are commendable, indicating a growing user base. Overall, OQtima presents a competitive offering, particularly in its spreads and platform choices, but with certain limitations such as being a newer entrant in the industry.

Trading Platforms - Mobile, Desktop, Automated

OQtima offers two main trading platforms: cTrader and MetaTrader 5 (MT4 is available only in selected jurisdictions), both available on desktop, mobile, and web. cTrader is known for its intuitive interface and advanced charting capabilities, making it a popular choice for traders who value ease of use and robust trading features. It supports automated trading through cAlgo, which uses the C# programming language.

MetaTrader 5, a widely-used platform in the industry, offers comprehensive charting tools, technical analysis, and automated trading capabilities through its MQL5 language. Both platforms support a range of devices, providing flexibility for traders who need to manage their accounts on the go.

What Can you Trade?

OQtima offers a diverse range of instruments across various asset classes. Traders can access 80 Forex CFDs, over 880 Stock CFDs, 20 Stock Index CFDs, 8 Commodities CFDs, and 100+ ETFs. However, it does not provide Bond CFDs, or Futures CFDs at this time.

Trading CFDs (Contracts for Difference) means that traders do not own the underlying assets but can speculate on their price movements. This allows for leveraged trading, which can amplify gains but also increases the risk of losses. For a detailed list of available instruments, visit OQtima's asset classes web page.

Available Leverage

OQtima offers varying leverage depending on the regulatory entity and the type of instrument. Under the Cyprus CySEC regulation, the maximum leverage for retail clients is 30:1, while under the Seychelles SC FSA regulation, it can go up to 500:1.

Leverage allows traders to control larger positions with a smaller amount of capital, which can increase both potential profits and potential losses. It is crucial for traders to understand the implications of using leverage and to manage their risk accordingly.

Prohibited Countries

OQtima is unable to offer services to residents of certain countries due to regulatory restrictions. Based on the top internet results, OQtima cannot open client accounts for residents of the United States, Iran, North Korea, and certain other jurisdictions.

For a full list of prohibited countries, please visit OQtima's website or contact their customer support.

OQtima Account types

	OQtima ECN+	OQtima ONE
Maximum leverage	500:1
Mobile Platform	cTrader Mobile, MT4 Mobile, MT5 Mobile
Trading platform	cTrader, MT4, MT5
Spread Type	Variable Spread
Minimum Deposit	100
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	OQtima ECN+
Maximum leverage	500:1
Trading platform	cTraderMT4MT5
Mobile platform	cTrader MobileMT4 MobileMT5 Mobile
Spread type	Variable Spread
Minimum deposit	100
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	OQtima ONE
Maximum leverage	500:1
Trading platform	cTraderMT4MT5
Mobile platform	cTrader MobileMT4 MobileMT5 Mobile
Spread type	Variable Spread
Minimum deposit	100
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

OQtima Web traffic

Our web traffic data is sourced from SimilarWeb and sums the traffic data of all websites associated with a broker. Organic visits are visits the broker didn't pay for, based on the available data. This data updates once monthly and can be based on data purchased from internet service providers, traffic metrics sourced by a third party such as Google Analytics that the company chooses to share with SimilarWeb, etc.

OQtima Profile

24 hour support

Segregated Accounts

Islamic Accounts

Accepts Canadian clients

Accepts Japanese Clients

Non expiring demo

Trading API

Cent accounts

Negative balance protection

Social trading

Regulatory deposit insurance

Trailing stops

Bonuses

Interest on margin

Fixed spread

Variable spread