RSSCategory: News and Announcement

Nov

7

FXOptimax New Bonus Promotions

FXOptimax introduces a new bonus scheme for clients. Newly registered account will be eligible for FREE $10 – No deposit bonus. The $10 and its profit are available to withdraw, should you have closed at least 2 lots. This bonus is intended as a welcome complimentary from FXOptimax, you can use the $10 bonus to experience our excellent service and generate profit from it.

To claim this FREE welcome bonus, please read the detailed rules here.

For existing clients, the 20% deposit bonus is now easier to get. With just $10 deposit, you will automatically receive 20% bonus, instead of the $100 minimum requirement applied on previous terms. The 20% bonus can be withdrawn once required volume has been reached.

By introducing the the welcome bonus today, FXOptimax officially ends the former $10 gets $10 promotion on November 7th, 2013.

Should you need further explanation on our promotion, please feel free to contact us via Livechat or email.

Sep

9

FXOptimax Updates Its Risk Policy

FXOptimax is always committed to provide an excellent trading condition for every trader. Our STP model enable us to support client’s profitable trading as we are always on the same side, thus We place no restriction to any particular trading style.

This business model however, exposes a downside risk for FXOptimax. The combination of high leverage and unrestricted trading style, sometimes, in a certain period of high volatility (such as on high impact news release) and the possibility of price gap (please note that price is not always drifting, sometimes it jumps), can led client’s equity become negative. Client is losing more money than his deposit (collateral) with us. It is a terrible situation that we want to avoid with highest priority, since we will bear greater amount of loss than our clients.

For example, if client has 1 lot EURUSD open position with USD 150 equity, and price jump 20 pips after news release — in just a single tick, that position will be stopped out with USD 200 loss, thus will result client’s equity become negative USD 50. As our model is STP, we also lose USD 200 at our prime broker accounts, means we may lose money more than client’s collateral.

The negative equity at client’s account is client’s liability according to our customer agreement. It is not a profitable situation for both FXOptimax and client.

There are several approaches we take to mitigate this situation:

1. Leverage adjustment during trading hours: As covered at customer agreement, FXOptimax reserves to adjust trading account leverage if it posses high risk of negative equity. Scenario that posses high risk of negative equity are (but not limited to): entering the market with full margin on leverage higher than 1:100 (1:50 for metal), news breakout strategy, entering the market right before news release and martingale system. Our system will automatically reduce the leverage based on our risk management criteria. Client will receive notification to his/her email address should there is any change occurred to the leverage.

We do not restrict these particular trading strategies. Client can trade news breakout and other high risk scalping strategy, but only with reasonable leverage and margin availability.

2. Leverage adjustment during weekend and extraordinary economic and political issues over the weekend: In about 8 hours prior to the weekend market closing, FXOptimax will adjust the leverage of the account that posses high risk of negative equity to 1:100 which may caused by market gap when it reopens in the following week. We will notice client before we change occurred, so client will have time to start reducing their exposure to avoid margin call.

3. Close the account: In worst case, FXOptimax reluctantly has to close the account if we consider the account posses more risk that will inflict a financial loss for us.

Once the leverage is adjusted, client can request to change the leverage back to the original level and it will be a subject to our approval.

If you plan to trade with such methods and timings, please feel free to inform us. We will make any necessary adjustment and we may give the green light.

Jun

18

FXOptimax Processes Partners Commissions Daily

Great news for all FXOptimax partners!

FXOptimax is now processing partners commissions daily. All partners will receive a daily report for the previous trading day and commissions will be automatically added to cash account every single day.

Should you have any further questions regarding this update, please do not hesitate to contact us.

To activate your partnership link, please see this tutorial.

May

28

Notification for Liberty Reserve Users

Due to the uncertain situation of Liberty Reserve, FXOptimax will allow clients whose deposit were done via Liberty Reserve, to withdraw via PerfectMoney.

Please create a new PerfectMoney account — or use the existing account — and deposit at least $1 to your current trading account. Once we have verified your PerfectMoney account, you can withdraw your fund to this account. Please ensure the name on your PerfectMoney account is shown to public (can be set in PerfectMoney settings) and it is matched to your registered data, and your PerfectMoney account status should be verified.

No additional fees (besides PerfectMoney transaction fee) applied on accounts with Liberty Reserve deposit before May 10th, 2013. For accounts deposited via Liberty Reserve on and after May 10th, case-by-case review will be taken for each withdrawal, additional fee may be applied. Withdrawal requests to the other payment options besides PerfectMoney will be reviewed case-by-case.

FXOptimax does not accept Liberty Reserve deposit and withdrawal until further notice.

For further assistance regarding this issue, please do not hesitate to contact us at admin@fxoptimax.com.

Mar

14

Scalp Faster with One-Click Trading On FXOptimax MT4

Download the latest FXOptimax MetaTrader 4 (Build 482) and take advantage to the new One-Click Trade feature. You can open a market order, buy or sell, in just one simple click. This feature will absolutely ease your trade when immediate action is required prior to the most recent price movement, especially for traders with scalping strategies.

One Click Feature on FXOptimax MT4 Continue Reading

Feb

25

FXOptimax PAMM 2.0

FXOptimax proudly presents the next generation of FXOptimax PAMM System. This new system will enhance both PAMM Manager and Investor experiences.

Here are some changes between the older version compared to the new PAMM 2.0:

  1. Investors will get a MetaTrader 4 Read Only Trading account. All transactions will be placed on investor’s MT4 account with the correct lotsize – calculated based on investor’s percentage in the PAMM project. All fees will be recorded in investors MT4 to improve the transparency in the PAMM operational. Manager can decide to let investor view the trade realtime (by providing investor password), or provide only daily report (daily confirmation) which will be sent daily by email. MetaTrader 4 investors account is in CENT USD (USD 1 = 100 Cents), unless stated otherwise.
  2. Management Fee is deducted daily. Manager will set the annual fee precentage and it will be divided by 260 trading days over a year.
  3. Any fees calculation (management fee, performance fee, etc) will not be processed during weekend (Saturday and Sunday). Calculation will resume at Monday.
  4. Rollover is calculated correctly, the chance of unmatched calculation between manager and investors account will be very small
  5. Stopout level is 50%, maximum leverage is 1:500.

We are currently testing the new PAMM 2.0 and it is scheduled to be available on March 2013.

If you wish to start using our new PAMM system, please notify us at admin@fxoptimax.com.

Dec

18

FXOptimax Christmas and New Year’s Holiday Schedule

FXOptimax would like to notify you in advance of our trading schedule for the upcoming Christmas and New Year’s holidays:

Christmas Schedule:
Monday, December 24th, 2012 : trading will close at 22:00 GMT (server time)
Tuesday, December 25th, 2012 : trading will be unavailable during the day
Wednesday, December 26th, 2012 : trading will reopen at 15:00 GMT (server time)

New Year Schedule:
Monday, December 31st, 2012 : trading will close at 22:00 GMT (server time)
Tuesday, January 1st, 2013 : trading will be unavailable during the day
Wednesday, January 2nd, 2013 : trading will reopen at 15:00 GMT (server time)

Please also note, the spread could be extremely wide and execution may be poor due to lack of liquidity, and we may adjust the leverage of your accounts if the market pose high risk during the Holiday Season.

Should you have any further questions, please do not hesitate to contact our LiveChat or send us an email at admin@fxoptimax.com

There is no time more fitting to say “Thank You” and to wish you a Happy Holiday Season and a New Year of health, happiness and prosperity.

Sep

16

FXOptimax Accepts PerfectMoney

Posted by

FXOptimax has just added Perfect Money as the latest payment option. You can deposit your cash account or MT4 trading account via Perfect Money and the it will be processed instantly.You can also request withdrawal back to your Perfect Money account and it will be processed within 24 hours at maximum.

Please note, Perfect Money will charge 0.5% fee for each transaction. For further detail on the Perfect Money fees structure, please visit https://perfectmoney.com/fees.html

Should you have any further concern regarding this new payment option, please feel free to contact us at admin@fxoptimax.com.