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Optimum Fx Trades

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Operating status: SCAM

Website: https://www.optimumfxtrades.com/

Broker violations and abnormal records
  • 2023-12-20 The FCA adds Optimum Fx Trades to its warning list

    On December 21, 2023, the Financial Conduct Authority (FCA) issued a warning against Optimum Fx Trades, stating that it is an unauthorized firm in the UK. https://www.fca.org.uk/news/warnings/optimum-fx-trades

    On December 21, 2023, the Financial Conduct Authority (FCA) issued a warning against Optimum Fx Trades, stating that it is an unauthorized firm in the UK. https://www.fca.org.uk/news/warnings/optimum-fx-trades
  • 2023-12-24 BrokersView has reviewed that Optimum Fx Trades is an unregulated broker

    While Optimum Fx Trades keeps creating the illusion of legitimacy and reliability, the content its website presents suggests otherwise.

    It fails to provide regulatory information, which can be considered a significant indicator for potential scams. Despite the claims of having offices in the US and the UK, it is not registered as a member of the National Futures Association (NFA) in accordance to the US regulations.

    Furthermore, the Financial Conduct Authority (FCA) has flagged Optimum Fx Trades as an unauthorized firm in the UK that illegally provides financial services within this country.

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

    Optimum Fx Trades appears to be a scam.

    While Optimum Fx Trades keeps creating the illusion of legitimacy and reliability, the content its website presents suggests otherwise.It fails to provide regulatory information, which can be considered a significant indicator for potential scams. Despite the claims of having offices in the US and the UK, it is not registered as a member of the National Futures Association (NFA) in accordance to the US regulations.Furthermore, the Financial Conduct Authority (FCA) has flagged Optimum Fx Trades as an unauthorized firm in the UK that illegally provides financial services within this country.In essence, Optimum Fx Trades is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.Optimum Fx Trades appears to be a scam.

Related Complaints

Q&A

Does Optimum Fx Trades charge swap fees? If they do, how many?

Karl Stromso
Philippines
2024-01-04
ANSWER Irrespective of the appealing trading conditions on offer, it is strongly recommended to avoid Optimum Fx Trades. This online trading platform operates without any form of regulatory supervision.The absence of regulatory information is a red flag, casting doubts on its legitimacy. Despite having office addresses in the UK and the US, there are no indications that it is registered with the Financial Conduct Authority (FCA) or the National Futures Association (NFA). This non-compliance further fuels suspicions about potential fraudulent activities.As such, engaging with Optimum Fx Trades could lead to fraud and identity theft, and individuals dealing with it are not protected by rules or laws. To mitigate such risks, it is advisable to avoid such unlicensed brokers as Optimum Fx Trades and instead choose fully regulated ones with solid reputations.
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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