Forex Optimum Review (2023)

Is Forex Optimum a scam or a legit broker?

We advise our readers, do not use Forex Optimum as it is an offshore entity. Forex Optimum is owned by Forex Optimum Group Limited , which is an offshore company registered in St. Vincent and the Grenadine. St. Vincent and the Grenadines is notorious for its practically absent requirements and regulations. Due to the setup cost is low and it does not regulate forex trading. Therefore, it became an offshore zone for shady forex brokers such as Brokerz, TraderUR and more. You can read our detailed article about the risk of trading with brokers from St. Vincent and the Grenadines.

Forex Optimum is an international investment company that was established back in 2009, mainly operates in Russia, CIS and Asian region while totally covering 26 countries. Behind the brand stands a registered in St. Vincent and the Grenadines, Forex Optimum Group Limited company, which is also one of the easiest locations in terms of the investment firms procedures. It means, that the registration requirements are very liberal, as well as do not require any international license from the Forex industry watchdogs, therefore there is a high risk how exactly the company maintains its financial service providing.

Generally, Forex Optimum delivers technological conditions to trade vast instruments through STP execution, while claiming its operation over 3 million clients from all over the world. The company offers attractive trading conditions, as well as bonuses that reward clients that are quite delightful. However, it where some complaints from the traders throughout the trading, while traders faced cuts of profits or issues with withdrawals, but overall the service seems to be not the worst case.

Conclusion

Even though there are no official warnings to the clients from the international authorities that oversee the industry or serious cases of evidence about an operation, we do not generally recommend to invest with an offshore or unlicensed company. Since the trading itself involves risks, it is a much more significant risks to trade with the non-regulated company which operates not set to the strictest standards. It is much more safe and smart to choose among reputable FCA or other leading jurisdictions brokers that maintain necessary safety measures, out a list of regulated brokers will assist in choosing the best-suited one.