Optimus Futures Review – Key Features, Pricing, And More
Generally, traders nowadays have more and more risk of choosing bad brokerages. Luckily, with Optimus Futures, it appears there’s no mistake. After all, this firm has been around for almost 15 years.
Still, like any other legitimate company, there must be some details that don’t suit every trader. Therefore, we suggest you read this Optimus Futures review carefully and determine if this company is the right choice.
Company Type | Regulated broker |
Legal name | Optimus Futures LLC |
Regulation | NFA, CFTC |
Registered in | US |
Established | 2010 |
Website | https://optimusfutures.com/ |
Financial Authorities Warnings | N/A |
Contacts | Phone; e-mail; chatbot; |
If a withdrawal is possible | Yes |
Fees | $0.25 on micros; $0.75 on standard contracts |
If Active on Social Media: | Yes – Facebook, YouTube, Twitter |
Investor Protection: | Segregated bank accounts under CFTC rule 1.20 |
Activity areas | United States, Germany, Canada, United Kingdom, India |
Main threats | Limited trading instruments; |
Main perks | Regulated broker; positive reviews; trusted trading tools |
Legal Info and Regulation
Optimus Futures is an introducing broker for Futures Clearing Merchants (FCM) that handles futures and options contracts. For these activities, the company should have top-tier regulations, especially since it is based in the United States. In this case, adequate licenses come from the NFA, CFTC, and SEC. Indeed, if you check the NFA register, you can find Optimus Futures LLC there.
Most importantly, there are no court filings against this firm. One of the best benefits of such regulations is that your funds are truly segregated in top-tier banks. With all this in mind, it’s not surprising the company is one of the 5,000 fastest-growing companies in the US.
What Do Traders Think?
Wherever you look for Optimus Futures reviews, you won’t be disappointed. With an almost 5-star rating on TradingView, Trustpilot, and Google, it’s clear the company has built a strong reputation. Generally, none of the traders there complained about some irregularities.
However, if you look at Reddit comments, you might find a discussion about a few details, primarily about fees and scalping strategies that many traders use. If that’s your primary method, make sure to check those comments.
Which FCMs Does Optimus Futures Clear Throguh?
The Optimus Futures platform uses a few clearing merchants for its futures. The most common is a very popular Ironbeam with one of the most favorable conditions. Of course, many details will differ depending on the FCM you work with. In any case, all other options are:
- Phillip Capital
- ADM Investor Services
- Stone X
- TradeStation
- Wedbush
Thus, if you encounter companies like Swift Funding or XAUBOT while researching your investing options, we strongly advise you to avoid them.
Does Optimus Futures Offer Different Account Types?
In general, no. Traders often consider the account types they get with online brokers offering leveraged trading. In this case, traders may opt between live and Optimus Futures demo accounts. However, your fees with the broker will depend on your trading volume.
Also, traders should be aware of the company’s margin requirements. You can start with micro futures if your capital is not big enough. Or simply opt for funded account programs where you can earn profits without risking your capital. For more details, check the Funded Trading Plus platform.
What Are Optimus Futures Commissions?
Brokerage commissions usually have a huge impact on which broker traders choose. Thus, if the company provides transparent and legitimate services, no commission is too high. In any case, with Optimus Futures, traders can expect lower fees the more they trade.
Starting commissions for standard futures is $0.75 per side if you have up to 20 daily trades. However, if you go over 1,000 trades per day, your commissions are only $0.1 per side. On the other hand, if you opt for micro trading, the starting commissions are even lower at $0.25 per side and $0.05 for more than 1,000 contracts per day.
Regardless of Optimus Futures’ minimum deposit requirement, there’s a good option for everyone. For the record, you need only $500 to get started. Compared to other similar companies, that’s quite a fair deal.
Other Trading Costs
One of the reasons why traders might opt for different solutions is Optimus Futures fees. These generally depend on the FCM you are using. Regardless of the different trading fees, you can expect costs for CME subscriptions up to $30 for non-professional traders and $105 for pro traders.
Also, there are fees you can expect for each deposit and withdrawal. So, make sure to understand those properly before applying for the account.
What Are Support Options?
One of the admirable details of this broker is its outstanding support. With a wide range of options, they got you covered in every way possible.
The company also offers remote desktop support that is fairly safe with regulated brokerages. You can also reach them via phone, e-mail, live chat, and social networks.
In The End, Is It Worth It?
Considering the company’s regulations and a lot of positive reviews, it surely pays out to invest with this broker. Regardless of Optimus Futures Reddit comments, you can still find suitable investing options. However, with limited investment options and high-margin requirements, these investment options might not be for everyone.
A good alternative for those who don’t want to profit from trading is the Funded Trading Plus trading program. This UK-based prop trading firm’s benefit is that traders don’t invest their own capital in the market. Instead, they use funded virtual accounts to reach the funded program and generate profits using up to $200k in the trading balance.
The key advantage is hidden in the profit split of up to 90%. But also, there’s no risk of losing money in the markets. There are no margin calls or anything else that would require you to deposit more money. So, if you are exploring your investment options, Funded Trading Plus programs might be the right choice for you. Sign up today for a chance to enter amazing giveaways and promotions.
FAQ
What is Optimus Futures?
Optimus Futures is a futures-introducing broker company based in the United States.
Is Optimus Futures Legit?
Indeed, yes. Optimus Futures is a top-tier regulated company with licenses from NFA and CFTC.
Is Optimus Futures a Wallet or an Exchange?
Neither. The company operates as an introducing broker for Futures Clearing Merchants. But if you want risk-free trading, Funded Trading Plus is the right choice.