OQTimais a relatively new overseas forex broker established in 2023. Itits industry-leading low costs (effectively 0.6 pips for USD/JPY on ECN+ accounts)and high execution quality. Trading platforms are compatible with MT4 and MT5.
On the other hand, because it has been established for less than three years, many people are probably wondering, "What isOQTima's reputation really like?" and "Are new brokers reliable in terms of withdrawal refusals?"
This article honestly investigates based onOQTima's reputation, safety, and past withdrawal problems,OQTimayou should be able to decide whether actual user reviews from Trustpilot and other sources, as well as official primary information and financial license registration information . By the time you finish reading, is the right broker for you
Conclusion | Key points ofOQTima's reputation
- Positive reviews: Primarily praised for the narrow spreads on ECN+ accounts (effectively 0.6 pips for USD/JPY), execution quality, and withdrawal speed. Trustpilot has a rating of 4.6/5.0 based on 235 reviews (rated Excellent).
- Negative reviews: Founded in 2023, it has a short operating history; bonuses are low; and there's a $20 monthly dormancy fee for accounts left inactive for 6 months. Those prioritizing long-term performance and bonuses may find it unsatisfactory.
- Withdrawal Refusal: Withdrawal reports for regular trading are generally positive. However, there have been past cases of withdrawal refusals due to violations of terms and conditions, such as "hedging," during bonus campaigns. Following the terms and conditions makes it less likely to encounter problems.
*This article ,OQTimawas created by the MoneyCharger editorial team in accordance with their content creation policy based on research of actual user reviews from official website, financial license registration information, Trustpilot, X (formerly Twitter), etc. (as of August 2026). For precautions regarding the use of overseas FX brokers, please also refer to the information published by the Financial Services Agency , and for investment-related solicitation troubles, please refer to the information published by the Consumer Affairs Agency
Positive reviews and testimonials for OQTima
First, let's look at the positive reviews of that stood out in surveys by Trustpilot and X (formerly Twitter)OQTima. The most frequent compliments were for "narrow spreads," "execution quality," "wide variety of trading instruments," "fast withdrawals," and "Japanese language support."
OQTima's positive reputation ① ECN+ account spreads are among the narrowest in the industry
The most prominent comments in the customer reviews wereabout the cost-related aspects, such as "the spreads are surprisingly narrow" and "there is no intentional negative slippage.OQTima's ECN+ account offersspreads starting from 0.0 pips, plus a trading commission of $3 round trip/lot ($1.50 one way), resulting in an average effective costof 0.6 pips for USD/JPY (official and user-reported values as of August 2026). EUR/USD spreads have even been confirmed to be as low as 0.0 pips, making it one of the narrowest in the industry among overseas forex brokers.
This is even lower than XM Trading's KIWAMI account (approximately 0.7 pips),scalping and EA (automated trading), where trading costs significantly impact profits and losses. Some have even described the narrow spreads on cryptocurrencies as "god-level."
OQTima's positive reputation ② Fast execution and less slippage
Many users praised the execution quality, noting that "execution is fast" and "it's less prone to slippage, making it suitable for scalping."OQTimaemploysan NDD (No Dealing Desk) ECN environment, meaning orders flow directly to the market without going through a dealer, resulting in high transparency and less slippage.
Officially, there are no restrictions on the use of scalping EAs, and experienced traders have commented that it can be used with confidence even in trading styles where execution quality directly impacts profits and losses
OQTima's positive reputation #3: A wide variety of assets are available, and you can trade stocks and cryptocurrencies with a single account
Some users commented that it's convenient because they can trade not only FX but also stocks and cryptocurrencies in the same account.OQTimaFX, precious metals, energy, stock CFDs, stock indices, cryptocurrency CFDs, and ETFs—over 900 instruments across 7 asset classes—in a single account (official figures as of August 2026).
evenpraise the extremely narrow spreads on cryptocurrencies as "god-level," making it popular among traders who want to trade gold and crypto assets at low costs alongside FX. The trading platform supports MT4 and MT5.
OQTima's positive reputation ④ Fast withdrawals and no deposit/withdrawal fees
has received positive reviews regarding its deposit and withdrawal process, with users praising its fast withdrawals and the fact that funds arrived on the same day via STICPAY.OQTimaOQTimasupports multiple deposit and withdrawal methods, including credit cards, STICPAY, cryptocurrencies, and bank transfers, and generally has no fees. There are also reports that STICPAY and local bank transfers are processed instantly or within 10 minutes.
Withdrawal fees are generally free, but a 3% fee will be charged for withdrawals exceeding 5 times a month or for withdrawals made without any trading activity. Withdrawals are free of charge if you engage in regular trading
OQTima's positive reviews #5: 24/7 Japanese support is excellent
Customer reviews highlighted positive feedback regarding support, with comments such as "The Japanese support is excellent" and "I received a quick response when I asked a question via LINE."OQTima's Japanese support is available 24 hours a day on weekdays , and they accept inquiries via email, chat, LINE, and WhatsApp
Many overseas forex brokers offer support only in English and have slow response times, sohaving a system that allows you to easily ask questions in Japaneseis a reassuring factor when using newer brokers.
Negative reviews and comments about OQTima
Next, we will honestly share the negative reviews and concerns we found during our investigation.OQTima's weaknesses can be summarized into three main points: "short operating history," "low bonuses," and "maintenance costs/minimum deposit amount."
OQTima's negative reputation ①: Established in 2023, short operating history
The most persistent concernthe lack of operational history, with some saying, "The specs are good, but the company is inexperienced, and I'm still hesitant to entrust them with a large sum of money.OQTimawas established in 2023, and therefore does not yet have a long track record of successful long-term operations.
However, the management teamIC Markets, TMGM, FxPro, and FP Markets, so theyhave extensive industry experience. If you are unsure, it is recommended to start with a small amount, confirm that withdrawals are possible, and then gradually increase your funds. If you prioritize long-term performance, XM, established in 2009, and AXIORY, established in 2011,AXIORYalso good options to consider.
OQTima's bad reputation #2: Almost no bonuses
XM andBigBossSeveral users expressed a desire for an account opening bonus similar to those offered byOQTima,does not offer an account opening bonus (no deposit bonus), and its deposit bonus is limited to certain regions and capped at $500meaning it's not always available in Japan.
Since trading is based on using your own funds, this may be unsatisfactory for traders who want to boost their capital with bonuses. If you prioritize bonuses when choosing a broker, please refer to our " Recommended Ranking of Overseas Forex Account Opening Bonuses ."
OQTima's Bad Reputation #3: Minimum deposit of $100 and dormancy fees for accounts left inactive for 6 months
Some users have commented that "the minimum deposit of $100 is a hurdle, and I wanted to try it with a smaller amount," and "there are maintenance fees for accounts that are not being used."OQTimahasa minimum deposit of $100 for all account types, it is somewhat of a barrier for beginners who want to try it with a very small amount, such as a few thousand yen.
Additionally,a $20 monthly dormancy feewill be charged if there are no transactions for more than six months. It's best to withdraw the balance and close accounts that you won't be using for a long time. If you want to start with a small amount,BigBoss, is another option.
Verifying the safety and reliability of OQTima
As a new broker, security is a major concern. Here,OQTima's company profile, financial license, and fund management system we will examine based on primary source information
What is OQTima? (Company Overview)
| Operating company | CDE Global Markets Ltd (Seychelles) / OQtima EU Ltd (Cyprus) |
| Establishment | 2023 |
| Financial License | Cyprus CySEC (406/21) / Seychelles FSA (SD109) |
| Maximum leverage | 1,000x (FSA entity) |
| Products handled | FX / Precious Metals / Energy / Stock CFDs / Stock Indices / Cryptocurrency CFDs / ETFs (7 asset classes, over 900 instruments) |
| Trading Tools | MT4/MT5 (cTrader will be discontinued at the end of 2024) |
| Zero Cut | Hired (no margin call) |
| Japanese support | 24-hour support on weekdays (email, chat, LINE, WhatsApp) |
OQTimais a relatively new broker, established in 2023, butits management teamIC Marketsveterans from, and its CEO is Angelo D'Alessio from Italy. Its operational capabilities are at a high level for a newly established broker.
Financial licenses held and Trustpilot rating
OQTima, despite being a relatively new company, has a dual licensing system, having obtained licenses from two financial authorities in the EU: Cyprus and Seychelles
| Regulatory authorities | Registration number (operating organization) |
|---|---|
| Cyprus CySEC (Securities and Exchange Commission) | 406/21 (OQtima EU Ltd) |
| Seychelles FSA (Financial Services Authority) | SD109 (CDE Global Markets Ltd) |
Cyprus's CySEC, in particular, holds a relatively strict license that complies with EU financial regulations (MiFID II).4.6/5.0 (235 reviews, all rated Excellent) on the third-party review site Trustpilot(as of August 2026), with the majority of reviews being 4- or 5-star. This is a good level for an emerging broker.
Key points to keep in mind when establishing a fund management system
I will summarize the customer fund management system as far as can be confirmed from official information. I will honestly tell you about both the positive points and the points to be aware of
- Segregated management of customer funds: Managing company assets and customer funds separately.
- Zero-cut policy: You will never incur losses (margin calls) exceeding your deposit amount.
- Trust protection is not supported: Unlike Japanese domestic brokers, only segregated accounts are available. This is a common feature of many overseas forex brokers that Japanese people can use.
Please note that trading accounts for Japanese users are provided by the Seychelles FSA entity. Many overseas forex brokers, includingOQTima, are "unregistered brokers" not registered with the Japanese Financial Services Agency, so using them is at your own risk. The basic principle of risk management is to invest large sums of money in stages and withdraw funds frequently
Are there any instances of withdrawal refusals at OQTima?
In conclusion,reports generally indicate that withdrawals from regular transactions are "fast and smooth." However, there have been reports of withdrawal refusals related to bonus campaigns in the past, so we will honestly explain the causes and countermeasures.
Reported cases and causes of withdrawal refusals
OQTimahasseveral traders experienced withdrawal denials during its account opening bonus campaign (approximately $46.88) around December 2023.The main reasons citedviolations of the bonus terms and conditions and trading rules:
- Hedging across multiple accounts and between different companies(arbitrage-like techniques)
- Trading solely for the purpose of receiving bonuses(withdrawal requests that do not meet the required trading conditions)
Some users have expressed dissatisfaction, saying that "it wasn't written that clearly in the terms and conditions," andthe lack of clarity in the bonus terms and conditions was a contributing factor. However, the prohibition of bonus abuse through hedging and arbitrage is a common rule in the overseas forex industry.
Tips to avoid withdrawal problems
Conversely,if you conduct normal transactions in accordance with the terms and conditions, the risk of withdrawal refusal is not high. Trustpilot also receives many positive reviews for its fast and accurate withdrawals. To ensure a smooth withdrawal, please follow these points.
- Complete the Know Your Customer (KYC) verification process beforehand.
- We do not engage in hedging or arbitrage across multiple accounts or between different companies
- If you plan to use a bonus, be sure to check the terms and conditions (transaction conditions) beforehand.
- Account opening must be done through the correct link provided by the official source or authorized partner.
In particular, please note that using the system to "withdraw only the bonus amount without making any trades" is likely to violate the terms and conditions of any overseas forex broker
OQTimaAccount Types and Trading Conditions
OQTimaoffers two accounttypes: ONE account and ECN+ account. Here's a comparison of the main differences between them.
| item | ONE account | ECN+ account |
|---|---|---|
| Minimum spread | 1.0 pips ~ | 0.0 pips ~ (effectively 0.6 pips for USD/JPY) |
| Transaction fees | free | Round trip $3/lot (one way $1.50) |
| Maximum leverage | 1,000 times | 1,000 times |
| Minimum deposit amount | $100 and up | $100 and up |
| method | NDD STP | NDD ECN |
| Suitable people | Beginners to intermediate players who want to trade simply with no fees | Scalping EAs and large-scale traders aiming to minimize costs (intermediate to advanced level) |
If you prioritize transaction costs,the ECN+ account, which effectively keeps fees down to 0.6 pips even with commissions included,is the best option. If you trade infrequently or want a simpler system, the commission-free ONE account is a straightforward choice.
Key points to keep in mind regarding transaction terms
| Zero Cut | Accepted. No losses exceeding the deposit amount (margin call) will occur |
| Scalping EA | No restrictions (Note the terms and conditions regarding hedging and arbitrage when using bonuses) |
| Dormancy fee | If there are no transactions for more than 6 months, you will be charged $20 per month. It is best to close accounts you do not use |
| Cryptocurrency leverage | Lower than other products (restrictions apply depending on the asset). Not suitable for high-leverage cryptocurrency trading |
| Trading Tools | MT4/MT5 (Previously also supported cTrader, but support for cTrader will end at the end of 2024) |
Spreads constantly fluctuate depending on the instrument and time of day. Before starting full-scale trading, it is essential to check the actual spreads using a demo account or a small amount
Using Moneychat will further reduce your effective costs with cashback
Our website, "Money Charger (Manecha),"OQTimais an official IB partner ofOpening an account through Manecha will earn you cashback with every trade,OQTimafurther reducing
| Account type | Gold (XAU/USD) | BTC/USD |
|---|---|---|
| ONE account | $3.00/lot | $0.06/lot |
| ECN+ account | $0.30/lot | Not applicable |
*The highest unit price is $3.00/lot for Gold (XAU/USD) in a ONE account. For unit prices and the latest rates for major FX currency pairs, please check your MoneyChat My Page after opening an account. Trading conditions, spreads, and support are the same as when registering directly through the official site, and there are no additional costs. For detailed information on how to receive it, please see "How to receive OQTimacashback "
OQTimaBonus Campaign
In conclusion,OQTimaoffera permanent account opening bonus. The availability of each type of bonus is as follows:
| kinds | Availability |
|---|---|
| Account opening bonus (no deposit required) | none |
| Deposit Bonus | Limited availability in select regions, with a maximum of $500 (not always available in Japan) |
| Limited-time campaign | Held irregularly |
| Cashback via Moneycha | This fee is incurred with every trade (ONE account Gold $3.00/lot) |
OQTimais a broker that competes on "low spreads and execution quality" rather than "generous bonuses." The best way to use it is to combine it with MoneyChat's cashback instead of bonuses to continuously lower your effective costs
How to get started with OQTima(account opening process)
Account opening takes as little as 5 minutes to complete, and the review process is usually completed within a few hours to one business day . The overall process consists of the following six steps
- Access theOQTimaofficial website via Manecha's referral link (conditions for receiving cashback)
- Enter your basic information such as email address, password, phone number (without the leading zero), and date of birth
- Upload your identity verification document (passport/driver's license/My Number card) and proof of address
- After the document review is complete, you can open a trading account by choosing either a ONE account or an ECN+ account
- Deposits can be made via credit card, STICPAY, cryptocurrency, bank transfer, etc. (minimum $100, no fees)
- Register yourOQTimaaccount number with MoneyChat and complete the cashback setup
The input screens for each step and common stumbling blocks during identity verification are explained with images in the " OQTimaComplete Guide to Opening an Account."
Who is OQTimarecommended for?
Based on the reviews and evaluations so far, it's clear whoOQTimais suitable for and who it isn't. Compared to the major overseas forex brokers covered on this site,OQTima's position is as follows:
| Contractor | Maximum leverage | Permanent Bonus | Features |
|---|---|---|---|
| OQTima | 1,000 times | none | ECN+ accounts offer industry-leading narrow margins, high execution quality, and over 900 trading instruments |
| XMTrading | 1,000 times | can be | Generous bonuses, brand recognition in Japan, long-established company |
| BigBoss | 2,222 times | can be | High leverage, no minimum deposit required |
| AXIORY | 1,000 times | Deposit bonus (irregular) | Low spreads, cTrader compatible, long operating history |
While the low costs and execution quality of its ECN+ account, and its handling of over 900 securitiesOQTimaits strengths may lag behind established brokers in terms of bonuses and operational history, lie in . With this in mind, let's clarify who it's suitable for and who it isn't.
OQTimais recommended for the following people
- For scalpers and day traders looking for low-cost trading: ECN+ accounts offer an effective USD/JPY trade width of 0.6 pips, among the narrowest in the industry.
- For those who want to trade in a highly functional MT5 environment: Supports hedging, 38 indicators, and 21 timeframes.
- For those who want to use EAs (automated trading): High execution quality in an NDD environment, no restrictions on scalping EAs.
- Intermediate to advanced traders who want to trade stock CFDs and ETFs in the same account: Supports over 900 instruments across 7 asset classes.
People who should NOT use OQTima
- For those who want to minimize their own capital with bonuses: Since there are no permanent bonuses, the brokers listed in the "Recommended Rankingof Overseas Forex Account Opening Bonuses" are good candidates.
- Those who prioritize long-term operational track record: As it was established in 2023, it is not suitable for those seeking the security of a long-established company.
- For those who want to practice with very small amounts, such as a few thousand yen: Minimum deposit is $100. A dormancy fee will also be charged if the account is left inactive for 6 months.
For comparisons with other overseas forex brokers, please also see our " Recommended Overseas Forex Broker Comparison Ranking ."
Frequently Asked Questions about OQTima's Reputation
Is OQTimaa suspicious company?
OQTimais a legitimate broker holdingIC Markets, TMGM, and FxPro. However, since it was established in 2023, it is relatively new, so it is recommended to start with a small amount and confirm that withdrawals are possible. dual licenses from Cyprus' CySEC (406/21) and Seychelles' FSA (SD109) , and has a high rating of 4.6/5.0 (235 reviews) on Trustpilot. The management team consists of veterans from
Are there any reports of withdrawal refusals at OQTima?
Withdrawals from regular trading are generally reported to be "fast and smooth." However, in the past, around December 2023, there were reports of withdrawal refusals due to violations of the terms and conditions, such as hedging across multiple accounts or with other companies, during a bonus campaign. If you do not engage in hedging or arbitrage and conduct regular trading in accordance with the bonus terms and conditions, the risk of withdrawal refusal is not significant
Which should I choose: an OQTimaONE account or an ECN+ account?
For beginners who want to trade simplythe ONE account (no commission, starting from 1.0 pips) is recommended. For scalpers and intermediate to advanced traders who want to minimize trading costs,the ECN+ account (starting from 0.0 pips, $3 round trip/lot ($1.50 one way), effective 0.6 pips for USD/JPY)is recommended. MoneyChat's cashback offers the highest rate for gold trading with the ONE account ($3.00/lot).
Is OQTimacompatible with cTrader?
No. Previously, it supported cTrader in addition to MT4 and MT5, butcTrader support was discontinued at the end of 2024, and it now supports MT4 and MT5(as of August 2026. There is no cTrader support page on the official website). MT5 supports hedging, 38 types of indicators, 21 types of timeframes, etc.
What is the maximum leverage for OQTima?
The maximum leverage for Japanese residents is 1,000x at the Seychelles FSA entity. Because it employs a zero-cut system, losses (margin calls) exceeding the deposit amount will not occur. However, please note that cryptocurrency CFDs have lower leverage than other products
Can I still receive cashback if I already have anOQTimaaccount?
Existing accounts are generally not eligible, but it may be possible to qualify by opening an additional account or changing the IB (Introducing Broker) linkage. Detailed instructions are explained inOQTimaaccount number (MT4/MT5 account number) with MoneyChat, the cashback setup will be complete. "How to Receive OQTimaCashback ". Once you register your
Summary:OQTimais best suited for those who want to trade at a low cost
OQTimaOur research into 's reputation revealed that, despite being a relatively new company, it is steadily gaining a good reputation for its "narrow spreads on ECN+ accounts," "execution quality," and "wide range of tradable instruments."
- Positive reviews: ECN+ account USD/JPY effective 0.6 pips, high execution quality of NDD, over 900 instruments across 7 asset classes, fast withdrawals, 24/7 Japanese support on weekdays (Trustpilot 4.6/5.0, 235 reviews)
- Negative reputation: Established in 2023, short operating history; low bonuses; minimum deposit of $100; $20 monthly dormancy fee after 6 months of inactivity
- Withdrawal refusal: Normal trading is fine. Only past instances of bonus hedging rule violations have occurred. Following the rules makes it unlikely to be a problem
n't the type you choose based on flashy bonuses or brand power, but ratheron trading costs and execution quality. It's a strong option for those considering scalping, EA (Expert Advisor) trading, or low-cost trading. If you have concerns, it's recommended to start with a small amount and gradually increase your investment while checking withdrawals.
If you're starting with OQTima, opening an account through MoneyChat is the most advantageous option, as you'll receive cashback with every trade . For details on the cashback rate and how to receive it, please see "How to Receive OQTimaCashback ," and for account opening instructions, please see "Complete Guide to Opening an OQTimaAccount ."
＼ The terms and conditions are the same as the official site, and you get cash back with every transaction! ／
