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Optimus Futures Review 2022

Is Optimus Futures Safe & Legit?

If you’ve been on the lookout for a low-fee futures trading platform, then you’ll definitely like what’s in store in this Optimus Futures review. This is where you’ll find some of the lowest trading fees around.

Throughout this review, we’ll also provide you with our experts’ Optimus Futures experience and rating. Some of the highlights include transparent pricing, research tools and customer service. Traders with small capital will definitely find good accessibility here through the micro futures and options.

80/100
Rating
Optimus Futures Highlights
  • Low trading fees
  • Fast execution
  • Discounted trading commissions
Company
CompanyOptimus Futures LLC
Headquarter4160 NW 1st Avenue, Suite 17, Boca Raton, FL 33431
Year of Founding2004
CEOMatthew Zimberg
Web Siteoptimusfutures.com
Available Languages-
Customer Support
Email[email protected]
Phone1.800.771.6748
Licence0481133
NFA - National Futures Association (USA)
Verified by-
Payment Methods
Mastercard
Visa
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Offers and new customer experience - Help with choosing the right FCM

The first thing we found when starting off our research for this Optimus Futures review is that there isn’t any form of new customer offer per se. Instead, the main focus is on helping new customers to choose the correct Futures Clearing Merchant (FCM), of which there are six to choose from. Each FCM has different benefits and account minimums.

While this can appear confusing for new traders at first, Optimus Futures does provide free consultations to help you choose the right FCM for you. We should point out here that there is no Optimus Futures crypto trading platform. You can take a look at our Interactive Brokers review here at TradersBest if that’s what you’re looking for.

Once you have chosen your ideal FCM, you should find the process of opening an account to be simple, but quite lengthy. You first have to apply to open your account and the approval can take up to five business days, depending on what FCM and trading platform you use. One plus point in this section of our Optimus Futures review is that the process is fully digitalized.

Usability - Our Optimus Futures review found this to be a user-friendly site

The Optimus Futures website looks professional and is extremely simple to navigate. For novice and first-time traders, there is plenty of information on display to help you get to grips before you register your account and start trading. This is a site that has clearly been built for futures traders of all volumes, capital budgets, and experience levels in mind – and they’ve managed to pull it off well. As we said in the above section of this Optimus Futures review, the process of choosing your ideal FCM and opening the account is made simple, and you are walked through every step.

When it comes to the trading platforms, you have Optimus Trader and Optimus Flow, both of which are web trader platforms and are therefore somewhat limited. However, Optimus Futures also offers you a choice of over 40 futures trading platforms. Within this selection, you have a mix of desktop, mobile and web-based platforms. If you’re looking for a user-friendly site that supports more types of trading, check out our Nadax review, where you can trade forex, CFDs and cryptocurrencies.

Accounts - Three licenses and six FCMs

As we mentioned directly above in this Optimus Futures review, there are six FCMs to choose from before you open your account. Namely, these are Ironbeam, ADM, PhillipCapital, TradeStation, StoneX, and Wedbush. There are no account inactivity fees for any Optimus Futures accounts.

Choosing the right FCM

For low volume traders, Ironbeam has no account minimum, although a deposit of at least $500 is required to trade micro futures and $2000 to trade E-minis. There is no monthly volume requirement that needs to be met and you have $300 day trading margins for a select few indexes, including the mini-NASDAQ.

At the higher end, an ADM account has a minimum deposit requirement of $10,000. Some of the perks here include universal access to a range of trading platforms, highly advanced customer support, and free advice from independent market researchers and analysts.

In between, PhillipCapital, TradeStation and Wedbush all have $5,000 account minimums, and each offers different benefits to different types of traders. If we had to pick a standout here for our Optimus Futures review, it would have to be TradeStation, purely for the fact it gives you access to the TradeStation trading platform, which is one of the best around.

Lastly, there’s StoneX, which has a regular account minimum of $2,000 and $10,000 for E-mini futures. This FCM works with third-party software, the most notable being the MT5, which is perhaps the most ubiquitous online trading platform in the world.

Account licenses

There are three different account licenses available at Optimus Futures – DayTrader, Professional and All-in-One. The functionality of each license differs in the manner you would most likely expect – with DayTrader having the least functions and All-in-One having the most. There is no monthly cost for having a DayTrader license, while it’s $20 for a Professional license and $40 for an All-in-One. The first two months are completely free for all accounts.

Trading platforms - A massive selection with Optimus Futures

As we mentioned above in this Optimus Futures review, you have the choice between more than 40 futures trading platforms here. Optimus Futures’ own trading platforms are web-based only and are generally only suitable for low-volume traders. Their own trading platforms haven’t been optimized for mobile use, so for mobile trading, you will need to choose one of the other available third-party trading platforms.

Naturally, running you through all of the 40+ third-party trading platforms in this Optimus Futures review would be near-impossible. Instead, we’ll run you through the two platforms provided by Optimus Futures – Optimus Flow and Optimus Trader.

Optimus Flow

This is the most popular and widely used platform, largely because it is free to all Optimus Futures account holders – making it similar to the basic platform found in our FOREX.com review. This is the most beginner-friendly platform at Optimus Flow, and it comes with great analytical tools and a free trading journal. With the 30-day free trial, you can download the demo version of Optimus Flow to test it out.

Optimus Trader

This platform is aimed at the more experienced trader and the customizable interface allows you to get rid of the clutter. It’s not the most spectacular platform but prides itself on being a no-frills trader that does the important things right. The highlight in this section of our Optimus Futures review is definitely the fast execution that this platform offers.

So what is Optimus Futures’ best trading platform? The answer to that question depends on a number of factors, including your experience, capital and trading habits. 

Trading payments - Fair deposit conditions found in this Optimus Futures review

Some highlights previously mentioned in this Optimus Futures review include the fact that the fees are lower than the industry average and there is no account inactivity fee charged at any time. This is backed up with more good news here, as there are also no deposit fees. The downside is the $30 withdrawal fee, which as we said before, is a little bit higher than we’d ideally like. Still, we can’t go as far as to say that there are any Optimus Futures scams going on here.

When it comes to the range of deposit options, our Optimus Futures review found that things are a little limited. USD is the only supported account currency, and you can only make deposits via check or ACH. Credit/debit cards and e-wallets are not supported – check out our Ally Invest review if this is what you’re looking for.

Mastercard
Visa

Fees – Below the industry average

The headline in this part of our Optimus Futures review is the fact that the fees are much lower than the industry average. We compared them to a number of competitors and found them to be lower in almost all cases. You can consult our Robinhood review for comparison. As is the case on most futures trading platforms, the fees are generally lower for frequent traders.

The trading fees are the same across all three of the different account licensing plans, and trading commission will not exceed $0.50 per side no matter how high or low your trading volume is. However, if you meet or surpass the daily volume threshold, you will be able to benefit from even lower commissions. The lowest that we found when researching for this Optimus Futures review was $0.10 per side, though to reach this threshold, you will need to trade more than 1000 futures contracts per day.

As we mentioned above, there is no account inactivity fee charged at Optimus Futures. The only non-trading fee of note that we could find is the $30 withdrawal fee, which is the only charge at Optimus Futures that is higher than the industry average.

Customer service - Users' Optimus Futures reviews are positive

So is Optimus Futures reliable in terms of customer service? Overall, we’d have to say yes. The downside is that the customer service isn’t available 24/7 in any region and is only available in English, however, the negatives pretty much end there. The standout customer service channel is definitely the live chat, where we always received speedy responses with answers that were both professional and helpful.

Additionally, you can also contact the Optimus Futures customer support team over the phone, via email, or by completing a support form on the website. We tested out all of these mediums for this Optimus Futures review and found them all to be up to a very high standard. We also liked the fact that non-account holders are treated as quickly and efficiently as account holders. Depending on what type of account you open, you may also get access to more advanced customer support and professional advice.

Regulation and deposit insurance - NFA registered

Our Optimus Futures review found that the company is registered with the National Futures Association (NFA). This permits it to introduce its clients to FCMs, meaning that Optimus Futures isn’t itself regulated by a financial authority – as an introductory broker, it doesn’t need to be.

The financial regulatory body covering you therefore depends on what FCM account you open. All six FCMs available are regulated by either the US Commodity Futures Trading Commission (CFTC) or the UK Financial Conduct Authority (FCA), both of which are top-tier regulatory bodies.

NFA - National Futures Association (USA)

So, is Optimus Futures safe?

The short answer is yes, but you should understand the risks of futures trading. Optimus Futures is an introductory broker, therefore your funds and assets will actually be held with the FCM. All of the FCMs used by Optimus Futures are safe and top-tier regulated. However, we are duty-bound to inform you in this Optimus Futures review that futures trading, in general, is not covered by any investor protection scheme. This means that you have no form of negative balance protection at all.

Additional features - A few extra highlights for this Optimus Futures review

As well as the low day trading margins and conditions to accommodate low-volume traders, there are also a few other highlights and features of Optimus Futures. The journaling aspect of the Optimus Flow platform is a particular plus point, and both new and intermediate traders should love the decent range of detailed educational guides – which are available for free to non-account holders. Overall, Optimus Futures really stands out thanks to its low fees and access to an extensive range of trading platforms.

Optimus Futures Futures

Trading offer - Plenty of options for futures trading

What we found in this Optimus Futures review is that this is an introductory broker for futures trading. Here, you can choose to create an account with the choice of six FCMs, all of which have a different range of features and functions for a range of traders. You can trade micro futures and options and have a choice of over 40 trading platforms. This includes two Optimus Futures web-based platforms, as well as a range of third-party platforms.

The basic account has a minimum of just $500 and offers traders fast execution and low fees, regardless of trading volume. Meanwhile, the higher-volume accounts have minimums ranging from $5,000-$10,000 and have a range of trading platforms and features to suit different types of futures trading.

When it comes to the different types of account licenses, there are three to choose from when trading with Optimus Futures. These are DayTrader, Professional and All-in-One. If you are unsure about what FCM and account license is best for you, you are able to arrange a free consultation with Optimus Futures.

Trading costs - Lower than average

As we explained in the main body of this Optimus Futures review, the fees here are mostly all lower than the competition. Trading commissions start at $0.50, and this fee gets lower as your volume increases – going down in $0.10 increments as you meet each daily threshold. The lowest commissions fee is $0.10 for those trading 1000+ contracts per day. Elsewhere, there are no deposit or account inactivity fees charged at all, for any account type. The only fee we could find that is higher than average is the $30 withdrawal fee.

Trading conditions - Access to 13 exchanges

In this Optimus Futures review, we found the trading conditions to be favorable when compared to the competition. The main USP for Optimus Futures is the fast execution facilitated by their no-nonsense approach. They also offer low day trading margins and access to smaller-sized contracts, such as micro futures and options. In total, Optimus Futures gives you access to 13 exchanges for futures trading, including NYMEX, ICE and ASX.

Product summary - Low fees and fast execution

There’s a lot to unpack in our Optimus Futures review, but we’re going to focus on the main highlights here. What we particularly like about Optimus Futures is the fast execution and the low trading fees. Perhaps the best feature in terms of fees are the discounted trading commissions, which reduce as your trading volume increases. For beginner and experienced futures traders alike, we would recommend Optimus Futures.

80/100
Rating
Optimus Futures Highlights
  • Low trading fees
  • Fast execution
  • Discounted trading commissions

Optimus Futures Review FAQ

💱 Is Optimus Futures a broker?

The best way to find out exactly what type of site Optimus Futures is, is to check out our review of the platform here at TradersBest. Is it a real broker or an introductory site? Answers inside.

📈 Is Optimus Futures good for futures trading?

The experts here at TradersBest have rated and reviewed this site based on a number of aspects, including futures trading. Everything you need to know can be found in our review.

📱 Does Optimus Futures have an app?

All of the desktop and mobile trading options available with Optimus Futures can be found by collating this article on our site. Simply follow the link if you wish to discover more.

Optimus Futures review Conclusion - A great introductory broker

Optimus Futures is an excellent introductory broker that should suit futures traders of all trading volumes and experience levels. The low trading commissions, great customer service and the help you receive when choosing your ideal FCM are just some of the reasons why we could recommend this platform. If you’re unsure, we strongly recommend using the demo version of the Optimus Flow platform to give it a try today.

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