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.
See more