At the FXOptimax broker, you can make deposits and withdrawals with various payment methods. There are wire transfer options, credit cards, to various e-payments that have been prepared to complete your transaction conveniently. However, what is the deposit and withdrawal conditions for each payment method at FXOptimax?

1. Wire Transfers

FXOptimax recommends the wire transfer method for deposits or withdrawals above 5,000 USD. However, you can also choose a wire transfer for transactions below this nominal, because the minimum requirement for a deposit is 1,000 USD, while for withdrawals the minimum rule is 100 USD.

Regarding fees, there is no explanation of how much it will cost to deposit because it is subjective according to the bank you use. Meanwhile, for withdrawals, the fee is 0.8% + fees from the bank. The deposit and withdrawal process via wire transfer tends to be long, it can take up to 4 working days.

2. Credit Card

For those of you who own Visa and MasterCard credit cards, you can choose this payment method to make deposits and withdrawals to the FXOptimax account. For deposits, there is a minimum amount of 10 USD, and a 4.2% fee, and can be processed instantly. Meanwhile, in the withdrawal section, this broker only states the amount of the fee, which is 10 USD.

3. E-payment

If you don't have a credit card yet or feel that you don't like the transaction fee and the long processing time for transactions via wire transfer, then you can choose medium e-payment. There are many types of e-payments to bridge FXOptimax deposits and withdrawals, including Neteller, Skrill, FasaPay, Perfect Money, OK PAY, and UnionPay.

All deposits via e-payment are processed instantly, so you don't need to worry about the long processing time. However, in terms of charging fees, there are various rules for each e-payment. If you process a deposit via FasaPay, Perfect Money, OK PAY, or UnionPay, then there is no fee that needs to be paid because it has been covered by FXOptimax. Meanwhile for Neteller there is a 2.6% fee and Skrill users will be charged a deposit fee of 3.9% + 0.5 USD.

Compared to deposit conditions, withdrawal conditions via e-payment look more uniform. Withdrawals from all e-payments are processed a maximum of 1 working day after the withdrawal request is confirmed. You also don't need to worry about fees because there are no withdrawal fees for all e-payments, except Neteller (withdrawal amounts outside the range of 10 USD - 5,000 USD will be charged a 1% fee). Then what about the minimum withdrawal amount? The FXOptimax broker apparently allows withdrawals with a nominal value as low as 1 USD if made via FasaPay, Perfect Money, and OK Pay e-payments. Meanwhile, for Skrill and Neteller, the minimum requirement is 10 USD.

From the brief description above, it appears that the wire transfer option is available for those of you who prefer conventional deposit and withdrawal methods, and don't mind the fee conditions, minimum amount, and relatively long processing time. Meanwhile, if you want a faster, easier, and cheaper transaction process, then you can choose an e-payment as a deposit and withdrawal method in your FXOptimax account.