Optimize Funds Review- Is Optimize Funds a scam or legit broker?

Please read this Optimize Funds review before investing. Your investments/funds may not be secured if you are trading with this broker.

Website – https://optimizefunds.co/

Official Address – Saint Vincent and the Grenadines & Estonia

Warned by regulating authority –  Comisión Nacional del Mercado de Valores (Spain)

Optimize Funds Review

The parent company of Optimize Funds is Asterisk Group LLC and has two offices, one in Estonia and the other at SVG (Saint Vincent and the Grenadines). They have not mentioned their phone number. However they many emails for support in different departments/functions. For opening an account, activating the account, technical support, and call-backs (support@optimizefunds.co), for the trading platform (platform@optimizefunds.co), for compliance (Compliance@optimizefunds.co), and marketing department (Marketing@optimizefunds.co). They provide 24 x 5 customer services.

Optimize Funds was founded in 2010 at SVG. The domain was registered in 2022. The company was founded right after FSA (SVG’s regulatory authority) declared that they do not permit forex and binary options trading. It is not regulated by any Tier – 1 regulator like FCA, SEC, BaFin, or CySEC.

It has received awards and recognitions from 2019 to 2021 like Best Broker of the CIS 2020 (IAFT Awards), Most Secure International Broker 2019 (Global Banking & Finance Awards), Best Trading Products & Services 2020 (Global Brands Magazine Awards), Best Global Web-Based Trading Platform 2019 (Global Forex Awards B2B), Most Trusted Broker 2020 (International Business Magazine Awards), and Most Transparent European Broker 2019 (Global Forex Awards Retail). The hilarious part is that the domain of the company was formed in 2022.

Optimize Funds Review: Countries of operation

optimizefunds.co is operating in the UK, USA, Spain, Greece, Canada, Portugal, and Albania. Most of the clients of these countries are scam victims. 

Optimize Funds Review: Job role of departments

The welcome department’s work is to lure you into investing. The compliance department collects data from you through the documents that you have provided. Accounts department keep you perusing to invest more and more. When you wish to withdraw this department tries to prevent you from doing so. Once they have squeezed you to the maximum limit the company will stop communicating with you and freeze your account.

Optimize Funds Review: Trading platform

Optimize Funds scam offers a WebTrader platform for trading. The platform is only available via the web and is supposed to be multi-functional. You can only see offered markets, margin level, fund balance, and trading history. This platform is a very unpolished form of MetaTrader (MT4 or MT5) software.

Optimize Funds Review: Account types

Optimize Funds offers four account types, Cent (minimum first deposit 250 Euro), Pro (minimum first deposit 2,500 Euro), Pro+ (minimum first deposit 25,000 Euro), and Luxury (minimum first deposit 250,000 Euro). The floating point is from 0 to 1.5. Assets that can be traded are from 500 to 2000+. 

Optimize Funds Review: Bonuses

Bonuses offered are a First Deposit bonus of up to 10% of the deposited amount. Awarding bonus of 15% whenever you bring your friend or family member. Upgrade bonus of 20% whenever you upgrade your account on the higher side. Transfer bonus of 25% when you transfer your capital from another broker to Optimize Funds.

Optimize Funds Review: Scam Alert

  • Its regulatory status is suspicious. It is an offshore company based in SVG. It is the most favored destination of scam companies. Funds are not protected.
  • Optimize Funds does not have a segregated account. Clients and the company’s operations separate funds.
  • Withdrawal conditions are such that is practically not possible easily to withdraw investor/trader funds.
  • Awards and recognition shown/claimed are of the period when the company was not formed.
  • Many negative reviews from the trading community on different forums. 
  • No contact number is mentioned on the home web page.
  • The leverage offered (1:500) is very high. Regulated companies offer leverage of 1:30.

How can Scams Report help you?

Scams Report has recovered 2.6 million dollars from fraud/scam companies. Scams Report provides fund recovery services throughout the world through its affiliates. The members of the team are fund recovery experts and lawyers.

If you are a scam/fraud victim of OptimizeFunds, or to say any type of scam, fill in our short form and get a free consultation from us. We can discuss the scam method, find a solution to it, and recover your stolen funds. Let us know your story in brief. Visit us here.

We have more than 10 years of experience in the field of funds recovery services from all types of scams like Forex trading scams, Binary Trading Scams, Cryptocurrency scams, Online Scams, Investment Scams and all other financial scams. Scams Report is a genuine recovery organization and deploy all modern methods to help the victims of scams.

Check Scams Report Facebook Page

Visit Scams Report Twitter Page

Like Scams Report Linkedin Page

Scams Report Tumblr page

Leave a Comment