Is Optimus Futures free?

Optimus Futures does not provide access to real stock trading on US markets. If you are looking for a zero-commission broker to trade on US stock exchanges, you can check our article detailing the best apps offered in this category of brokers. If you wish to stick with Optimus Futures though, then you will find the fees they charge below.

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It's safe to say that Optimus Futures's fees are low in general. They either don't charge a brokerage fee for things that other brokers do, or they only charge a small amount.

Here's a high-level overview of Optimus Futures's fees

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Online brokerages in general charge much lower brokerage fees than traditional brokerages do - this is largely because online brokerages' businesses can be much better scaled: from a purely technical standpoint, it doesn't make that much of a difference for them if they have 100 or 5,000 clients.

This is not to say, however, that they don't charge any fees at all. They make money by charging you various rates for various actions or events. Usually you need to keep an eye on the following three types of fees:

• Trading fees - these are brokerage fees that you pay when you actually carry out a trade, like buying an Apple share or an ETF. What you pay is either a commission, a spread or a financing rate. Some brokers apply all of these.
• A commission is either fixed or based on the traded volume.
• A spread is the difference between the buy price and the sell price.
• A financing rate or overnight rate is charged when you hold your leveraged positions for more than one day.
• Non-trading fees. These are usually related to some operations you carry out in your account, such as depositing money, withdrawing money, or not trading for an extended period.

We compare Optimus Futures fees with its closest competitors, NinjaTrader and AMP Futures.

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Optimus Futures's trading fees are low, which makes it suitable for you even if you trade often (i.e. several times a week).

Let's break down trading fees according to the different asset classes available at Optimus Futures.

Trading fees

Optimus Futures's trading fees are low.

Options fees

Optimus Futures's options fees are .

Data updated on September 23, 2024

Futures fees

Optimus Futures's futures fees are low.

Data updated on September 23, 2024

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When it comes to non-trading fees, Optimus Futures is a rather cheap broker.

Non-trading fees include various brokerage fees and charges at Optimus Futures that are not related to buying or selling assets. This can be a withdrawal fee, deposit fee, inactivity fee or account fee.

Data updated on September 23, 2024

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Usually, brokers don't charge anything for deposits, and Optimus Futures is no different.

Data updated on September 23, 2024

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Unfortunately, Optimus Futures does charge a withdrawal fee of $20 for bank transfers. This means that you need to pay this amount when you transfer money from your brokerage account back to your bank account. Sometimes this is a flat fee, but a percentage charge may be applied in some cases. It's up to you to decide whether you can tolerate this, keeping in mind that flat fees can hurt more if you withdraw small amounts only.

Data updated on September 23, 2024

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Optimus Futures does not apply an inactivity fee, which is great because your account won't be charged even if you do not trade for an extended period (like several months or years).

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