Optima Prime Trades is a CFD broker registered on May 12, 2024. This broker primarily offers investment services in markets such as Forex, cryptocurrencies, indices, stocks, energy, and commodities. It does not provide services to countries and regions where it might violate local laws or regulations.
Company Registration Information and Regulatory Status
Public information on the Optima Prime Trades website (www.optimaprimetrades.com) indicates that the company entity is Optima Prime Trades LTD, and it claims to be regulated by the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC).
Upon verification, no regulatory agencies, including the FCA and ASIC, have records of a company named “Optima Prime Trades” being regulated.
Therefore, Optima Prime Trades (www.optimaprimetrades.com) is essentially a fraudulent broker website, lacking both a genuine company entity and any regulatory oversight.
Account Opening Process
To open a trading account with Optima Prime Trades, visit the broker's website, click on “Open Account” on the homepage or “SIGN UP” at the top right corner to enter the account registration page, fill in personal details such as name and email, set a password, and submit. Once verified, the account will be successfully registered.
Trading Instruments
Optima Prime Trades offers various trading products, including Forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves currency exchange known for its high liquidity, allowing traders to profit from exchange rate fluctuations.
- Indices: Index trading allows speculation on the performance of entire markets or specific sectors without trading individual stocks, providing diverse trading opportunities through popular indices with high leverage for potentially higher returns.
- Commodities: Commodity trading covers key global market resources, enabling traders to buy and sell various raw materials, including metals, energy, and agricultural products.
- Stocks: Stock trading allows investors to profit from the price fluctuations and dividends of publicly traded companies without actually owning the stock.
- Cryptocurrencies: Cryptocurrency trading provides opportunities for digital currency enthusiasts to profit from high-volatility assets.
Investment Plans
The Optima Prime Trades website does not disclose information on account types, spreads, trading leverage, margin levels, trading commissions, minimum/maximum trading volume, maximum position/order size, or minimum price precision.
Trading Platform
Optima Prime Trades claims to offer the MT4 trading platform with deep liquidity, up to 1:500 leverage, and the best spreads in the industry. However, upon investigation, there is no broker by the name of Optima Prime Trades on the MT4 trading platform.
Deposits and Withdrawals
Optima Prime Trades claims to support deposits and withdrawals via debit card, wire transfer, e-check, or check deposits on its homepage. However, its FAQ page states that multiple deposit methods, including credit/debit cards and bank wire transfers, are not supported, and only cryptocurrency deposits and withdrawals are available.
Conclusion
Traderknows reminds investors that Optima Prime Trades is a scam broker that entices investors with high returns to deceive them. The website has no corporate entity and no regulation. It is recommended that investors choose brokers with transparent information, strong regulation, and good reputation for investment activities to avoid unnecessary financial losses.
Currently, this broker is marked as a "Scam" on Traderknows.
