OQtima offers leverage options of 1:1000 across 7 asset classes, including Forex and Crypto, for a minimum deposit of $100. The broker features two account types, ECN+ and ONE, with 8 base currencies and MT4/5 access.
OQtima; Company Information and Regulation
OQtima is a global brokerage company founded in 2023 in Limassol, Cyprus. The broker, formerly known as Nordskov Capital, has a team with 30+ years of experience in the industry.
Multiple authorities, including CySEC and FSA, regulate the company in various jurisdictions. It operates through two legal entities, including:
- OQTIMA INT LTD (for International clients): Registered in Seychelles and regulated by the Financial Services Authority (FSA) with License Number SD109
- OQtima EU Ltd (for EU clients): Registered in Cyprus and regulated by the Securities & Exchange Commission (CySEC) with License No. 406/21
This OQtima review will explore the International entity’s offerings and features.
OQtima Specific Features
The Forex broker offers 1,000+ assets with spreads from 0.0 pips. Let’s explore other OQtima offerings.
Broker | OQtima |
Account Types | ECN+, ONE |
Regulating Authorities | FSA, CySEC |
Based Currencies | USD, EUR, JPY, GBP, CAD, CHF, SGD, ZAR |
Minimum Deposit | $100 |
Deposit Methods | Credit/Debit Cards, Crypto, International Bank Wire, UK Bank Wire, Local Banking, STICPAY, PIX, E-Wallets |
Withdrawal Methods | Credit/Debit Cards, Crypto, International Bank Wire, UK Bank Wire, Local Banking, STICPAY, PIX, E-Wallets |
Minimum Order | 0.01 lots |
Maximum Leverage | 1:1000 |
Investment Options | None |
Trading Platforms & Apps | MT4, MT5 |
Markets | Forex, Indices, Shares, Metals, Energies, Crypto, ETFs |
Spread | Variable based on the account type |
Commission | Variable based on the account type |
Orders Execution | Market |
Margin Call / Stop Out | 80% / 20% |
Trading Features | Commission-free Trading, Private VPS, Islamic Account, Trading Tools (e.g., Market Buzz, Alpha Generation, and Trading Calendar) |
Affiliate Program | Yes |
Bonus & Promotions | 100% Match Bonus |
Islamic Account | Yes |
PAMM Account | No |
Customer Support Ways | Email, Tel, Ticket, Live Chat, WhatsApp, Line |
Customer Support Hours | 24/5 |
OQtima Broker Account Types
The company keeps things simple with two main trading accounts, each designed to cater to different trading styles and needs.
Features | ECN+ | ONE |
Min Deposit | $100 | $100 |
Max Leverage | 1:1000 | 1:1000 |
Base Currencies | USD, EUR, JPY, GBP, CAD, CHF, SGD, ZAR | |
Margin Call | 80% | 80% |
Stop Out | 20% | 20% |
Spreads from | 0.0 pips | 1.0 pips |
Commissions | $3.0 per side | $0 |
Registration and KYC
Getting started with OQtima is a breeze, but you must go through their Know Your Customer (KYC) process.
- Visit the broker’s official website;
- Click “Get Started”;
- Fill out the registration form;
- Upload proof of identity (passport or national ID) and proof of address (utility bill or bank statement).
OQtima Trading Platforms
One of the broker's good features is providing access to robust MetaTrader trading platforms, which we must mention in this OQtima review.
However, the lack of platforms like TradingView can disappoint some potential clients.
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Fees Explained
The broker takes a transparent approach to trading fees regarding spreads and commissions. It also charges no fees on deposit and withdrawal transactions.
Account Type | Commission | Spreads from (pips) |
ECN+ | $3 per side traded | 0.0 |
ONE | $0 | 1.0 |
The table below gathers average spread information of the most popular Forex pairs across OQtima accounts.
Instrument | ECN+ | ONE |
AUDUSD | 0.14 | 1.14 |
EURUSD | 0.12 | 1.12 |
GBPJPY | 1.61 | 2.61 |
GBPUSD | 0.36 | 1.36 |
USDCHF | 0.60 | 1.60 |
EURJPY | 0.80 | 1.80 |
GBPCAD | 2.09 | 3.09 |
OQtima Deposit and Withdrawal
The broker offers many deposit and withdrawal options to cater to traders worldwide.
- Credit/Debit Cards (USD and EUR)
- Crypto (USDT)
- International Bank Wire (USD, EUR, GBP, JPY, CAD, CHF, AUD, AED, HKD, PHP, NZD, and ZAR)
- UK Bank Wire (GBP)
- Local Banking (JPY, THB, MYR, IDR, VND, SGD, and PHP)
- SticPay (CAD, GBP, JPY, and USD)
- PIX (BRL and USD)
- E-Wallets (TrueMoney, VN Pay, OVO, MOMO, etc)
The minimum amount traders can deposit via the mentioned methods in this OQtima review is $100.
Copy Trading and Growth Plans
The company doesn’t provide dedicated copy trading or social trading services on its platform.
However, interested traders can use the built-in copy trade feature on MT4 and MT5 platforms.
Bonus and Promotion
OQtima offers a comprehensive Introducing Broker program in addition to a traditional welcome gift with the following features:
- Deposit Bonus: A 100% Match bonus of up to $500, available in certain regions
- IB: A monthly income of $800 for referring 10 new clients with daily payouts
OQtima Customer Support
The broker boasts 24/5 support through multiple channels, including a live chat feature and hotlines.
support@oqtima.com | |
Phone 1 | +44 330 828 5704 |
Phone 2 | +248 4632034 |
Line | |
Live Chat | Available on the official website |
Ticket | Through the “Contact Us” page |
Trust Score and User Experience
While the broker is relatively new, it has already garnered positive feedback from traders.
There are 112 OQtima reviews on the broker’s TrustPilot profile, resulting in an excellent score of 4.6 out of 5.
Conclusion and Final Words
OQtima provides access to 1,000+ trading instruments with spreads from 0.0 pips. The company supports Crypto, SticPay, and PIX payments without transaction fees. OQtima broker has a TrustPilot score of 4.6 out of 5.
