Overview of Optimus Futures fees and charges
It's safe to say that Optimus Futures's fees are low in general. They either don't charge a brokerage fee for things other brokers do charge for, or they only charge a small amount. This means that you can use Optimus Futures even in case you trade frequently like multiple times a week or daily.
Here's a high level overview of Optimus Futures's fees
| Assets | Fee level | Fee terms |
|---|---|---|
| US stock fee | - | Not available |
| EURUSD fee | - | Not available |
| US tech fund fee | - | Not available |
| Inactivity fee | Low | No inactivity fee |
Optimus Futures fees
Optimus Futures fees explained
We compare Optimus Futures fees with its closest competitors, NinjaTrader and AMP Global.
Optimus Futures fees
Optimus Futures trading fees
Optimus Futures's trading fees are low which makes it suitable for you even if you trade often (i.e. multiple times a week).
Let's break down the trading fees into 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 .
| Optimus Futures | NinjaTrader | AMP Global | |
|---|---|---|---|
| US stock index options | - | - | - |
| UK stock index options | - | - | - |
| German stock index options | - | - | - |
Futures fees
Optimus Futures's futures fees are low.
| Optimus Futures | NinjaTrader | AMP Global | |
|---|---|---|---|
| US micro e-mini stock index futures | $2.5 | $3.5 | $0.9 |
| UK stock index futures | $7.5 | $12.9 | $9.8 |
| German e-mini stock index futures | - | $12.9 | $7.4 |
Financing rates
Optimus Futures financing rates are .
If you want to trade on margin and prefer to hold your positions long, financing costs can be significant.
| Optimus Futures | NinjaTrader | AMP Global | |
|---|---|---|---|
| Apple CFD financing rate | - | - | 4.7% |
| Vodafone CFD financing rate | - | - | - |
| EURUSD financing rate | - | - | 5.0% |
| EURGBP financing rate | - | - | 4.1% |
Leverage is a double-edged sword and can dramatically amplify your profits. It can also just as dramatically amplify your losses. Trading foreign exchange/CFDs with any level of leverage may not be suitable for all investors.
Currency conversion fee
Optimus Futures will charge a Currency Conversion Fee for all trades on instruments denominated in a currency different to the currency of your account. The fee is charged as the following: $30 per currency conversion.
Optimus Futures fees
Optimus Futures non-trading fees
When it comes to looking at all the non-trading fees Optimus Futures is a cheap broker. This means that they don't charge you a lot for non-trading related activities on your trading account, like withdrawal fee.
Non-trading fees include various brokerage fees and charges at Optimus Futures that you pay not related to buying and selling assets. Among some others, typical non trading fees are withdrawal fee, deposit fee, inactivity fee and account fee.
| Optimus Futures | NinjaTrader | AMP Global | |
|---|---|---|---|
| Withdrawal fee | $30 | $40 | $3 |
| Deposit fee | $0 | $0 | $0 |
| Inactivity fee | No | Yes | No |
| Account fee | No | No | No |
Optimus Futures fees
Optimus Futures deposit fee
Deposit fees are applied when you send money to your trading account from your bank account. Usually brokers don't charge money for that and Optimus Futures is not different: you will see the exact same amount on your brokerage account that you sent by any of the deposit methods Optimus Futures offers.
| Optimus Futures | NinjaTrader | AMP Global | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | No | No | Yes |
| Electronic wallets | No | No | Yes |
| Deposit fee | $0 | $0 | $0 |
Optimus Futures fees
Optimus Futures withdrawal fee
Unfortunately, quite like the majority of the online brokers we have reviewed Optimus Futures does charge a withdrawal fee of $30 for the bank transfer. This means that you need to pay this amount of money when you transfer your money back to your bank account. It's up to you to decide whether this is a high amount or not as it's dependent mostly on the size of the transferred amount.
| Optimus Futures | NinjaTrader | AMP Global | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | No | No | Yes |
| Electronic wallets | No | No | Yes |
| Withdrawal fee with bank transfer | $30 | $40 | $3 |
Optimus Futures fees
Optimus Futures inactivity fee
Optimus Futures does not apply an inactivity fee which is great because your account will not be charged even if you do not trade for a longer time period (months or years).
