Home -
Original -
Main body -

WikiFX Express

Exness
EC Markets
TMGM
XM
FOREX.com
FXTM
AvaTrade
FXCM
IC Markets Global
D prime

KEEP YOUR DISTANCE! The CNMV has issued a warning to unlicensed FX broker OPTIMIZE FUNDS

WikiFX | 2022-08-17 12:13

Abstract:Fake brokers nowadays entice victims in a variety of methods. Optimize Funds is a conglomeration of many typical deception strategies. If the broker is as excellent as it is represented, a large number of traders will flock to it. Regrettably, the broker is not.

KEEP

Fake brokers nowadays entice victims in a variety of methods. Optimize Funds is a conglomeration of many typical deception strategies. If the broker is as excellent as it is represented, a large number of traders will flock to it. Regrettably, the broker is not.

Screenshot_5.png
Screenshot_6.png

WikiFX, on the other hand, has been monitoring unregulated brokers because of the complaints they get every day, and one of the brokers implicated is Optimize Funds. WikiFX has over 38,000 brokers, both legal and unregistered, listed on the site. WikiFX's database is sourced from official regulatory bodies such as the FCA, ASIC, and others. The published information is also fair, objective, and factual. WikiFX does not charge public relations fees, advertising costs, ranking fees, data cleaning fees, or other irrational expenses. WikiFX will do everything possible to keep the database consistent and synchronized with authoritative data sources such as regulatory bodies, but cannot promise that the data will always be up to date. WikiFX is collaborating with 30 financial authorities to assist traders in reclaiming their cash.

Screenshot_7.png

False Observations

Optimize Funds' logo has a “10-year” symbol, which is ambiguous. People who do not investigate its facts may erroneously believe it is a broker with ten years of trading expertise. Furthermore, Optimize Funds displays some of the honors that it claims to have received. The awards will be given in 2019 and 2020.

Screenshot_1.png
Screenshot_2.png

However, when we checked its domain (https://optimizefunds.co/), we discovered that it was registered in 2021. How is it going to win accolades before 2021? And where did the ten years of experience come from? These are all red flags.

7D351C4A86864AB282258A07A20D53F7.png

Attractive Trading Conditions

Optimize Funds promises to provide excellent 10%-25% incentives as well as significant leverage. The maximum leverage is 1:500. Though the trading conditions it provides appear appealing, no one can ensure that the promises would be kept.

Screenshot_3.png
Screenshot_4.png

NOT Regulated

Asterisk Group LLC claims to be registered with Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) under registration number 1491LLC2021. In SVG FSA, we did discover a matched result. However, as we all know, the SVG FSA does not regulate forex activity or grant forex licenses.

17E285B799994019A396F5A7303B83C7.png
018CEAFAFBB0495EA897FD76FA8B39B6.png

CNMV has issued a warning.

The Spanish Comisión Nacional del Mercado de Valores (CNMV) issued a warning on July 26, 2022, that Optimize Funds is not permitted to offer investment services in Spain.

E8E80FC3FE2D4153A2DCB9C0D3DEE8CC.png

Because they don't need to provide you with money or incentives, scammers are usually pleased to boast they offer huge leverage and bonuses. The crooks do not even consider returning your deposit money. The only thing they do is make up a number in your accounts and then flee with your money.

In addition to WikiFX, whenever they get a complaint from their traders, WikiFX has the authority to take early steps with the assistance of financial authorities to prohibit unlawful acts carried out by unregulated brokers. Forex trading, as we all know, is one of the most popular methods to generate money, despite the fact that it involves high-risk investments. As a result, there are a lot of fraudsters in the currency market. WikiFX constantly encourages its users to submit an exposure report to the official WikiFX website. This is to inform other traders about the unlawful activities of a certain broker.

Screenshot_10.png

You may also contact WikiFX Customer Support.

Screenshot_9.png

Download the WikiFX App for free from the App Store or Google Play Store to stay up to date on the newest news.

wikifx
forex beginnersforex marketBasic forex knowledgeforex pipsleverage in forexForex newsForex AnalysisForex Currency pairForex strategyForex Brokersupport and resistanceForex indicatorForex marginForex ChartForex tradingLearn basic forexknowledge

Related broker

No Regulation
OptimizeFunds
Company name:Asterisk Group LLC
Score
1.43
Website:https://optimizefunds.co/
2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.43

Read more

Find Out Why Trade Nation Is Facing Backlash from Users

Trade Nation is facing criticism from users for several reasons. Although it is a well-known broker with a good reputation among traders and Investors, many are now raising concerns. So, what are the reasons users are starting to dislike this broker? Let’s find out.

Original 2025-08-28 20:07

Top Reasons Why You Should Not Partner with Tradovate for Forex Trading

Struggling with an unoptimized platform of Tradovate? Dealing with slow-paced deposits and withdrawals? Have you been asked to pay a fee for market data access? Do you face copytrading struggles at Tradovate? You have chosen the wrong forex broker. Many have claimed foul play by Tradovate on several broker review platforms. In this article, we have highlighted the issues traders face with this broker.

Original 2025-08-28 20:05

Scam Alert: 7 Suspicious Brokers Banned by Trusted Authority

One of the Reputed Authority, the Financial Conduct Authority (FCA), has issued a warning against seven illegal brokers . These brokers are offering financial services to people with the intention to commit fraud.

Original 2025-08-28 19:41

Max Global FX Exposed: Traders Cry Foul Over Withdrawal Issues & Fake Guaranteed Profit Claims

Witnessing losses due to trade manipulation at Max Global FX? Scammed by the guaranteed profit claims made by its executives? Are your withdrawals pending for months? Take a strong legal action against Max Global FX by presenting proof of its foul play to the authorities. Many traders have raised concerns over unethical trading practices by Max Global FX, a Saint Vincent and the Grenadines-based forex broker. We have highlighted some pressing issues facing traders here. Take a look!

Original 2025-08-28 18:52

WikiFX Express

Exness
EC Markets
TMGM
XM
FOREX.com
FXTM
AvaTrade
FXCM
IC Markets Global
D prime

WikiFX Broker

FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
TMGM

TMGM

Regulated
STARTRADER

STARTRADER

Regulated
FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
TMGM

TMGM

Regulated
STARTRADER

STARTRADER

Regulated

WikiFX Broker

FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
TMGM

TMGM

Regulated
STARTRADER

STARTRADER

Regulated
FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
TMGM

TMGM

Regulated
STARTRADER

STARTRADER

Regulated

Latest News

Will MultiBank Become the Next TriumphFX?

WikiFX
2025-08-27 11:33

Forex Margin Trading Explained

WikiFX
2025-08-27 16:17

Alchemy Launches Secure Copy Trading App

WikiFX
2025-08-27 16:15

WikiFX Report: MultiBank Group’s Footsteps in the Philippines

WikiFX
2025-08-27 16:36

High Impact News Forex Today: Interest Rate Watch

WikiFX
2025-08-27 17:19

Real Stories, Real Scam: How WikiFX Turns Evidence into Exposure

WikiFX
2025-08-27 18:04

Asia Beware: MultiBank Group Faces Warnings Across the Globe

WikiFX
2025-08-27 18:10

FCA Issues Warnings Against Five Unauthorised Firms Targeting UK Investors

WikiFX
2025-08-27 23:57

ASIC Targets Scam Websites and Social Media Ads

WikiFX
2025-08-27 23:55

Top Reasons Why You Should Not Partner with Tradovate for Forex Trading

WikiFX
2025-08-28 20:05

Rate Calc

USD
CNY
Current Rate: 0

Amount

USD

Available

CNY
Calculate

You may also like

DigiPrime FX

DigiPrime FX

Redfin Capital Investment

Redfin Capital Investment

Swiss Market Pro

Swiss Market Pro

fxglobefactory.com

fxglobefactory.com

GainAxisFX

GainAxisFX

Globe Gain PipsPro

Globe Gain PipsPro

Gain-Option

Gain-Option

Prime Wealth Option

Prime Wealth Option

Treasure Digital Investment

Treasure Digital Investment

Stock-bit

Stock-bit