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OQtima is a forex broker located in the Seychelles, regulated by the Seychelles Financial Services Authority (FSA).
OQtima accepts clients from all over the world, excluding USA, EEA (European Economic Area), Iran, North Korea and some other OFAC/FATF sanctioned countries.
Forex broker offers the following underlying assets for trading.
| 80+ Currency Pairs | Based on major and minor world currencies. |
| 40+ Crypto Pairs | Based on various top-rated coins and tokens. |
| 20 Indice CFDs | Based on baskets of different blue-chip stocks, US Dollar Index and Volatility Index. |
| 5 Metal CFDs | Based on Gold, Silver and Platinum. |
| 3 Energy CFDs | Based on Crude Oil (WTI, Brent) and Natural Gas. |
| 100+ Stock CFDs | Based on shares of US, UK and EU companies. |
| 100+ ETF CFDs | Based on exchange-traded funds containing various tradable assets. |
OQtima is a modern forex and CFD broker established in 2023, with headquarters in Mahé, Seychelles. Regulated by the Seychelles Financial Services Authority (FSA), the broker operates under a light regulatory regime, offering high leverage and a broad range of assets that appeal to traders seeking to maximize returns on their (perhaps) limited trading accounts.
Like many offshore-registered forex brokers, OQtima offers generous leverage of up to 1:1000, far exceeding the limits that have been imposed in many regulated jurisdictions like the EU, UK or Australia. Keep in mind, however, that although such high leverage enables traders to control larger positions with smaller deposits, it also significantly increases risk and therefore should be used with caution.
In terms of account types, the broker offers two options, each with its own pros and cons:
– OQtima ECN+, with tight spreads from 0 pips and commissions of $1.5 per side.
– OQtima One, with wider spreads starting from 1 pip and no commissions on trades.
Both account types are available for a minimum deposit of $100, and can be denominated in USD, EUR, JPY, GBP, CAD, and SGD. As usual, the account type with tighter spreads and commissions on trades will be the best choice for professional traders with larger trading accounts. On the other hand, beginners and traders with small accounts should opt for the commission-free account to avoid having the commissions eat up too big of a share of their profits.
Moving over to trading platforms, OQtima clients can choose between the desktop versions of MetaTrader 4 (MT4) and MetaTrader 5 (MT5), or the web-based version of that platform. Despite first being launched as early as in 2005 and 2010, respectively, MT4 and MT5 are still highly popular among traders worldwide for their robust charting tools, algorithmic trading capabilities, and a built-in marketplace for custom trading strategies and indicators. At the time of this writing, the broker does not offer any other platforms besides MetaTrader.
OQtima supports an extensive range of tradable instruments, far exceeding what most comparable brokers offer. Regardless of the account type traded with, all OQtima clients have access to more than 80 forex pairs, 40 crypto pairs, 20 major equity indices, and a handful of commonly traded commodities. In addition, OQtima's offering also includes more than 100 single stocks listed in the US and Europe, as well as a similar number of publicly listed exchange-traded funds (ETFs).
All of the assets supported by OQtima are traded as leveraged CFDs. These are derivatives that make it extremely easy to profit from both the long and short side, with small margin requirements.
The broker supports a wide range of deposit and withdrawal methods, including bank wire transfers, credit cards, and a variety of cryptocurrencies such as Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), XRP, and the stablecoin Tether (USDT). SticPay is also available for users looking for fast e-wallet funding options. In our view, the inclusion of crypto funding makes OQtima a more appealing option for traders in regions with limited banking access, or for those who prefer the speed and privacy that crypto offers.
In summary, we see OQtima as a versatile and interesting offshore-registered broker that could be worth looking into for many types of traders. One obvious drawback is that the main offshore branch of this broker does not accept clients from the EU or EEA for regulatory reasons. For others, however, we believe OQtima certainly deserves to be considered.
