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Optimum Market Pips

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Operating status: SCAM

Website: https://www.optimummarketpips.live/

Broker violations and abnormal records
  • 2024-07-08 The FCA issues a warning against Optimum Market Pips

    On July 9, 2024, the Financial Conduct Authority (FCA) issued a warning against Optimum Market Pips, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/optimum-market-pips

    On July 9, 2024, the Financial Conduct Authority (FCA) issued a warning against Optimum Market Pips, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/optimum-market-pips
  • 2024-07-10 BrokersView has reviewed that Optimum Market Pips is an unregulated broker

    Optimum Market Pips claims to be registered with the Companies House (CH) in the UK. However, it is critical to note that mere registration with the CH doesn't equate to the authorization from the financial watchdog, Financial Conduct Authority (FCA). However, the FCA has issued a warning against Optimum Market Pips for the lack of the required authorization.

    In essence, Optimum Market Pips is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.

    Optimum Market Pips appears to be a scam.

    Optimum Market Pips claims to be registered with the Companies House (CH) in the UK. However, it is critical to note that mere registration with the CH doesn't equate to the authorization from the financial watchdog, Financial Conduct Authority (FCA). However, the FCA has issued a warning against Optimum Market Pips for the lack of the required authorization.In essence, Optimum Market Pips is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.Optimum Market Pips appears to be a scam.

Related Complaints

Q&A

Hi, I want to know that whether Optimum Market Pips charge swap fees, or do they offer islamic account. :)

K Murray
Malaysia
2024-07-15
ANSWER Investors should steer clear of Optimum Market Pips due to its unlicensed status.The firm's claim of having an ID issued by Companies House (CH) cannot be considered authorization to carry on its financial business from the UK. The local financial watchdog, the Financial Conduct Authority (FCA), has issued a warning against Optimum Market Pips for its lack of the required authorization. This is evidence of its illegitimate business.Given this situation, Optimum Market Pips is not a legitimate broker and presents substantial risks. Investors are strongly advised to avoid using it to protect their hard-earned money. It is recommended to opt for fully regulated brokers instead.
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1 comments

Frank Ollewagen
Good day.I just wanted to warn people against Optimum Market because its a big scam.I have lost more than R250,000.00 through that Company.Be aware of Michelle,Sewbran Neera and Zunaid moti.They are the master mind scammers.
2024-10-07
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