About the company:
Matt Zimberg started Optimus Prime in 2005 in Florida, the United States. It has offices in Iowa, Chicago, Akron, and New York, among others.
Brokerage services focus on preserving customer connections while FCM partners handle trade execution, back office, and exchange operations. AMP, Ironbeam, ADM Investor, Gain Capital, TradeStation, and Wedbush are among FCM’s six partners. However, depending on your jurisdiction, you may only have access to a select number of them.
The firm collaborates with 17 companies and offers 44 different trading platforms. Some interfaces have a monthly subscription associated with them, while others may be free. Platforms with free access include the following:
MT5 is the most popular all-in-one multi-asset trading platform. It’s one of the most customisable on the market, with a wide range of tools and charts for technical analysis, indicators, and several sorts of execution orders.
TradingView is a reputable Forex and futures trading platform available on the web and in the cloud. Charts, organizing tools, and social trading capabilities are all available.
Users may utilize the TradeStation radar screen to spot fresh market opportunities in real time. Traders may use built-in customized indicators to track trends and chart patterns throughout the whole market. There are also the following features:
- Exotic chart types, from candlesticks to Renko bars,
- Up to 27+ years of intraday data
- Up to 90+ years of daily data
- Analysis of multiple time frames
- 10 different chart types.
- 150+ indicators
OptimusTrader is a user-friendly and functional futures platform that focuses on quick transaction execution. This platform is intended for consumers that place a premium on speed above all else. It’s great for novices, but it also has all of the required indicators and trading tools for pros, such as:
- trading screen with widgets that may be customized.
- API for Rithmic Dataflow
- Reservations are flexible.
- Price comparison tool with interactive charts
The broker’s own order flow trading platform is called Optimus Flow. The interface’s analytical panels increase visual presentation and order execution while still allowing for technical analysis. Through the AMP clearing firm, this platform is exclusively available to Optimus Futures financed clients. The following advantages are available to users:
- Drawing tools for diagrams.
- strategy, 40+ technical indicators were put to the test.
- Timeframes, both standard and bespoke
- Market facts and quotations in real time (including level 2 data)
- Optimus Flow is a product developed by Optimus.
- Interface: Optimus Flow
Clients are limited to trading futures and options. The broker, on the other hand, has a whopping 13 exchanges where you may buy and sell forex derivatives, energy, grains, indices, meats, metals, and soft commodities.
- Singapore Exchange
- London Metal Exchange
- Intercontinental Exchange
- Chicago Board of Trade
- Kansas City Chamber of Commerce
- Commodity Exchange, Inc.
- The Chicago Mercantile Exchange
- The Australian Stock Exchange
- The New York Mercantile Exchange
- Derivatives Exchange in Europe
- NYSE London International Financial Futures Exchange
- Singapore Exchange
- The Minneapolis Grain Exchange
- The Australian Stock Exchange
- Kansas City Chamber of Commerce: Commodities
- Precious metals on the Commodity Exchange Inc.
- Volatility Index and Bitcoin Futures on the Cboe Futures Exchange
- New York Mercantile Exchange: energy and soft goods
- Intercontinental Exchange: Forex, Soft Commodities, Stock Indices, Energy.
- European Derivatives Exchange: European interest rates and stock indices are traded on this exchange.
- NYSE London International Financial Futures Exchange: Metals and Equities Indices
- Chicago Mercantile Exchange: Stock Indices, Bitcoin, Interest Rates, Commodities, Forex
- Chicago Board of Trade: finance, treasury, mini-agricultural
- London International Financial Futures Exchange
Higher trading volumes are encouraged by the commission structures. The markets you trade, your trading platform, and the order routing connection you use all have a role. Regardless of how low you go, commission costs do not exceed $0.50 per side. Clients who achieve daily trading volume limits can get commissions as low as $0.10 per side.
- 0-20 contracts equals $0.50
- $.40 for 20-100 contracts
- 101-500 contracts equal $0.30
- Contracts 501-1000 = $0.20
- 1000 contracts or more = $0.10.
On futures and options products, the firm does not provide any leverage. It does, however, have modest intraday trading margins that are set by clearing company partners. They come in the form of a percentage of the initial margin or a fixed sum. Market volatility, open interest, customer credit profile, and account equity are used to compute daily trading margin. The broker’s website has a comprehensive list of margin requirements.
The FCM you pick will determine the process and cost of depositing and withdrawing funds from your account. Wire transfers, ACH bank deposits, and physical checks are the most common deposit methods. The latter choices, on the other hand, are exclusively available to traders in the United States. Only US dollars, pounds sterling, and euros are accepted as base currencies, which may be a disadvantage for overseas consumers who must pay currency conversion fees.
Check, wire transfer, or ACH transfer are all alternatives for withdrawal. Some withdrawal methods include substantial fees: $20 for local dealers and $30 for foreign traders.
The required minimum deposit differs for each FCM. They can range in price from $500 to $10,000.the other hand, short-option sellers must have a minimum account of $100,000, which is a high threshold for ordinary traders.
A demo account is available on a variety of the brokerage’s trading platforms. You may check market prices and test methods with virtual funds by using the trading simulation function. Simply fill out the form on the website to get a trial account.
The firm is a member of the US National Futures Association (NFA) and is a Commodity Futures Trading Commission (CFTC) licensed firm (CFTC). The CFTC, NFA, or the UK Financial Conduct Authority (FCA) are the regulatory authorities that oversee FCM.
Additional instructional tools are available. Futures trading for beginners, golden trading principles, managed futures, and other free information are available from the broker. There are also a number of planned webinars for traders of different skill levels. The broker also has a popular YouTube channel where he discusses a variety of issues. A podcast, a trading tips blog, and a futures trading community forum where members may discuss ideas are among the other extra services.