Cryptocurrency Exchanges

Optima Trade

1.5 (15 reviews)
🇬🇧 United Kingdom
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1.5
15 reviews
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About Optima Trade

Optima Trade has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.

Customer Reviews

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Would not recommend to others

D
Diana O.
3 months ago

The onboarding at Optima Trade was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.

Pros: Easy withdrawals|Demo account available|Competitive fees|Professional team

Cons: Would like more payment methods|Email notifications too frequent

Where do I even begin

K
Karen P.
3 months ago

Optima Trade offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.

Pros: Easy to use platform|Regular updates|Market news feed|Good analytical tools

Cons: Email notifications too frequent

White label of a bad platform

V
Vincent J.
4 months ago

Optima Trade advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.

Pros: Copy trading available|Good mobile app|Clean UI|Multi-device support

Cons: Minimum deposit could be lower

Account locked for no reason

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George T.
4 months ago

Do not be fooled by the professional-looking website. Behind the scenes, Optima Trade is disorganized and incompetent. I found them after doing extensive research and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.

Pros: Responsive team|Good analytical tools

Cons: Minor UI glitches occasionally|Limited cryptocurrency options

Beware - This company is not legitimate

H
Hannah W.
4 months ago

I invested $1,000 with Optima Trade after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to Financial Conduct Authority.

Pros: Professional looking website

Cons: Blocked my account|No legitimate license|Fake returns

Data lost in transition

K
Kimberly Y.
4 months ago

The so-called education at Optima Trade is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for roughly four months thinking they would help me learn.

Pros: Portfolio tracking tools|No hidden fees

Cons: No live chat on mobile|Spreads widen during volatile periods

Regulatory warning exists for this firm

J
John R.
6 months ago

This company appears on the IOSCO I-SCAN international warnings list. Over 68 financial regulators worldwide contribute to this database. While being listed doesn't automatically mean fraud, it's a significant red flag that potential investors should take seriously. Do your research thoroughly.

Pros: Information is publicly available for verification

Cons: Listed in IOSCO I-SCAN|May not be authorized in your jurisdiction

Unresponsive and unhelpful

T
Teresa M.
7 months ago

I have been trying to close my account with Optima Trade for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.

Pros: Detailed reporting|Competitive fees|Market news feed|Responsive team

Cons: Email notifications too frequent

Red flags everywhere

S
Samantha P.
9 months ago

Several red flags with Optima Trade: (1) They promise unrealistically high returns, (2) They're not registered with Financial Conduct Authority, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.

Cons: Flagged by Financial Conduct Authority|Cannot verify credentials

No negative balance protection

S
Susan V.
10 months ago

Do not believe the bonus offer from Optima Trade. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after reading several online reviews and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.

Pros: Multiple order types|Transparent fees

Cons: Minor UI glitches occasionally|No phone support on weekends