Optium Group

Optium Group 2830067453

General Information

Registered in United Kingdom, Optium Group is an online forex broker offering diversified range of trading instruments, including Forex, Stocks, Commodities, Indices, and Cryptocurrency through its in-house trading platform. Investors have the flexibility to choose from three different trading accounts on the Optium Group platform, and the maximum leverage available is up to 1:300.

Is Optium Group safe to trade with？

Optium Group has let us down when it comes to enforcing rules and regulations. This broker has been confirmed to be outside of the purview of any regulatory bodies. In light of this lack of licensing, WikiFX has assigned it a regulatory status of “No License” and an overall quality rating of 1.05 out of 10.

Bear in mind that trading with an unregulated forex broker is a surefire way to lose your money. Before making any choice, investors are advised to check out a forex brokers regulatory status on WikiFX.

Market Instruments

Optium Group boasts that it provides access to various popular and mainstream financial markets. Different classes of trading assets, such as Forex, Stocks, Indices, Digital Currencies, Commodities, Cryptocurrency, Crude oil are all available through this brokerage platform.

Account Types

Optium Group provides three tiered trading accounts for both retail and professional traders: Starter, Pro, and Advanced accounts. Although the Starter account is designed for beginners and novices, it requires a much higher deposit of €250, too much for this type of traders to afford. The Pro and the Advanced accounts are more suitable for professional and advanced traders, asking for an initial deposit of €2,500 and €25,000, respectively.

Spreads & Commissions

Spreads and commissions are set in the end by trading accounts. However, a strange point is that Optium Group says its Starter account charges no additional commission with spreads from 0.0 pips, which is incredibly. Pro and Advanced accounts with more account charge both spread and spreads. The spreads offered by the Pro account are from 0.1 pips, with a commission of €13/million and the Advanced account offers spreads from 1.5 pips, with a commission of €20.5/million.

Leverage

When it comes to leverage, it varies depending on trading instruments and trading accounts with the Optium Group platform. Anyway, this broker permits traders to use leverage of up to 1:300, which is significantly higher than the levels regarded appropriate by many regulators.

Trading Platform

Optium Group fails to provides the industry-leading MT4 or MT5 trading platform, and what it offers to investors is Optium Group Web Trader, a proprietary trading platform. Some features and functionalities of this trading platform as Optium Group hypes include:

• User-Friendly Interface

• High Customization

• Wide Range of Advanced Functions

Payment Methods

The minimum deposit to invest with Optium Group is €250. This brokerage house allows its clients to make a deposit and withdrawal through the following payment options:

• VISA, MasterCard, Maestro

• Bitcoin

• Wire Transfer

However, further details about withdrawals and processing time are not disclosed.

Customer Support

The Optium Group website is available in multiple languages. Traders can reach out to Optium Group about any questions or concerns they may have about their accounts or their trading through the following methods:

Email: sup@optiumgroup.org

Registered Company Address: Address: Gracechurch St, London EC3V 0AG, UK

Some other more direct contact channels are not available.

Risk Warning

There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.

The information presented in this article is intended solely for reference purposes.