## Overall evaluation of OQTima
OQTima is a relatively new broker established in 2023, but it is rapidly gaining recognition as an overseas forex broker thanks to its extremely narrow spreads on ECN+ accounts and cTrader support. It is run by former employees of IC Markets, TMGM, and FxPro, holds a dual CySEC + FSA license, and has a high rating of 4.6/5.0 on Trustpilot
| Item | Content |
|——|——|
| Established | 2023 |
| Operating Company | CDE Global Markets Ltd (Seychelles) / OQtima EU Ltd (Cyprus) |
| Financial License | FSA SD109 / CySEC 406/21 |
| Maximum Leverage | 1,000x (FSA Entity) |
| Products | FX / Precious Metals / Energy / Stock CFD / Stock Indices / Cryptocurrency CFD / ETF |
| Number of Currency Pairs | 80 (FX pairs) / Over 300 total instruments |
| Trading Tools | MT4 / MT5 / cTrader |
| Zero Cut | Implemented |
| Japanese Support | Available (24 hours on weekdays) |
| Average Execution Speed | 30ms |
| Overall Rating | 4.6 / 5.0 (Over 110 reviews) |
## merit
### 1. Industry-leading low costs for ECN+ accounts,
with spreads starting from 0.0 pips and a round-trip commission of 6 USD/lot. Actual average USD/JPY spread is 0.6 pips (including commission), which is lower than XM's KIWAMI account (0.7 pips). No restrictions on scalping or EAs.
### 2. cTrader Support:
Starting in 2024, cTrader will be integrated. It supports Level II pricing, algorithmic trading, and cTrader Copy (copy trading), accommodating a wide range of trading styles from discretionary to system trading.
### 3.
Despite being an emerging broker with a CySEC + FSA dual license, it holds a Cyprus CySEC (higher regulation) license. Funds are segregated and zero-cut protection is fully implemented.
### 4. Management Team: Former professional traders
. Operated by former employees of IC Markets, TMGM, FxPro, and FP Markets. The expertise gained from these top-tier brokers is highly regarded.
### 5. Free deposit and withdrawal fees.
All 8 deposit and withdrawal methods are free of charge. STICPAY and local banking transactions are processed instantly to within 10 minutes.
## Disadvantages
### 1. It has a short operating history,
having been established in 2023, with less than 3 years of track record. Compared to XM (established in 2009) and Axiory (established in 2011), it offers less peace of mind.
### 2. Low bonuses
: No account opening bonus, and deposit bonuses are region-specific with a maximum of $500. This is unsatisfactory for traders who prioritize bonuses.
### 3. Dormancy fee applies.
If there are no transactions for more than 6 months, a monthly account maintenance fee of $20 will be charged. Be careful about leaving your account inactive for extended periods.
## User Reviews
### Positive Reviews
– "The spreads on the ECN+ account are incredibly narrow. They're stable at 0.1-0.3 pips for USD/JPY."
– "The ability to use cTrader is fantastic. Being able to trade while viewing the order book is a unique advantage that other companies don't have."
– "Execution speed is fast. There's almost no slippage, making it suitable for scalping."
– "The Japanese support is excellent. I got a quick response when I asked a question via LINE."
– "Withdrawals are fast. The money arrived on the same day I applied via STICPAY."
### Negative Reviews
– "Established in 2023, so it's relatively new. The specs are good, but I'm still hesitant to deposit large sums of money."
– "There are almost no bonuses. I wish they had account opening bonuses like XM or BigBoss."
– "If you leave your account inactive for 6 months, they charge a monthly maintenance fee of $20."
## Spread Comparison (USD/JPY, EUR/USD)
| Account Type | USD/JPY | EUR/USD | Trading Fee | Effective Cost |
|———–|———|———|———-|———-|
| ONE Account | 1.0 pips ~ | 1.0 pips ~ | Free | 1.0 pips ~ |
| ECN+ Account | 0.0 pips ~ | 0.0 pips ~ | Round trip 6 USD/lot | Approx. 0.6 pips |
## Account Type Comparison
| Account Type | Features |
|———–|——|
| ONE Account | Commission-free, up to 1,000x leverage, NDD STP method, suitable for beginners to intermediate traders |
| ECN+ Account | Extremely narrow spreads, up to 1,000x leverage, NDD ECN method, suitable for scalpers and intermediate to advanced traders |
## OQTima is recommended for people like this
– **Low Cost Focus**: For those seeking the lowest spreads and fees in the industry with an ECN+ account
– **cTrader Users**: Professional traders who want to utilize order book information and algorithmic trading
– **Diverse Products**: For those who want to trade not only FX but also stocks, ETFs, and cryptocurrencies in the same account
– **Execution Speed Focus**: Scalpers seeking 30ms high-speed execution with the NDD ECN method
## Benefits of using MoneyChat
– **Cashback**: Reflected in your MoneyChat My Page for each trade (All account types supported, 3.00 USD/lot based on XAU for ONE account)
– **Additional Benefits**: OMEGA EA, AI Copy Trading, Tenkaichi Budokai, Gacha, etc.
– **Double Support**: OQTima support + MoneyChat Japanese support
– **Same Trading Conditions**: Exactly the same conditions as official direct registration
**Risk Warning**: Overseas forex trading involves risks. Please invest only with funds you can afford to lose
