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Is the spread in FXOptimax high or low?
Pimphong
Jamaica
2023-04-26
ANSWER FXOptimax is an unregulated broker we advise against trading with, despite the seemingly attractive deals it offers.FXOptimax claimed to be registered with the Financial Services Authority of St. Vincent and the Grenadine (SVG FSA) under license number 21417-IBC-2013. However, we didn't find it in the SVG FSA register. In addition, it is important to note that the SVG FSA neither issues forex licenses nor regulates entities engaging in such activities. Moreover, we have found that the FXOptimax website is not functioning properly, which can be considered as a red flag, suggesting potential issues with this broker's reliability and resources.Regarding your question, investors should avoid dealing with this unlicensed broker FXOptimax. Entrusting it with your funds can be highly risky, as there are no legal protections in place to safeguard the funds. Therefore, we strongly suggest investors stay away from unlicensed brokers like FXOptimax and opt for fully regulated ones instead.
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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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