Optimax Trade Exposed: Capital Loss, Withdrawal Blocks & Alleged Fund Scams

Lost more than you deposited at Optimax Trade? Have you lost trades by acting upon the wrong advice shared by the broker executive? Witnessed constant MT4 login issues with the forex broker? Is your fund loss due to a lack of risk management tactics by Optimax Trade? Did you receive a poor response from the Optimax Trade Customer Support officials on your trading queries? In this Optimax Trade review article, we have explained several trading issues faced by traders. Keep reading!

Check Out the Top Forex Trading Complaints Against Optimax Trade

Loss Amount More Than the Deposited Amount

In a shocking revelation, a trader recounted a short but tragic incident of losing more than the amount deposited, which somewhat hints at the negative trade balance. Here is the Optimax Trade review the trader shared on a broker review platform.

Steep Capital Loss at Optimax Trade

As the WikiFX team investigated this complaint, it found an individual, seemingly an Introducing Broker (IB), who had duped a trader with a steep 23% capital loss. The trader, while explaining the complaint, mentioned that the trades executed by the individual did not remain profitable for traders. Look below to find out the Optimax Trade review shared by the trader.

Trade Stop After Losing Half of the Investment at Optimax Trade

A trader witnessed only losses for around four months of trading with Optimax Trade. As losses became half of his overall investment and showed no signs of abatement, the trader pulled out of trading to avoid further losses. Check out what the trader shared in this review.

The Controversy Surrounding MT4 Login Details

A trader recounted numerous struggles in accessing MT4 login details from Optimax Trade. The seemingly introducing broker advised the trader to set up an account with a new broker on the new account. However, as weeks passed, the trader did not hear anything from the introducing broker. Frustrated by the poor response, the trader shared this Optimax Trade review.

The Revenge Trade Execution Claim Against Optimax Trade

A trader alleged that a broker's revenge trade caused him more losses than profits. As per the traders statement, out of 25 trades, 16 led to losses and only nine had gains. The trader further stated about the lack of idea with which the IB traded. The whole exercise, according to the trader, exhibited a sheer lack of risk management. Look below to find the complaint screenshot.

No Feedback/Communication from Optimax on Trade Loss Queries

Traders often raise queries with Optimax Trade about the constant losses they face when trading with the forex broker. However, the broker does not respond to such queries, making traders even more anxious about their trading journey with it. Here is one trader who shared this sentiment when writing the Optimax Trade review.

The Review of Optimax Trade by WikiFX: Score & Regulation Status

The complaints against Optimax Trade exhibited a sheer lack of care for traders by the broker officials. Seeing these complaints, the WikiFX team launched a full-scale investigation into the brokers operational status. The team did not find any license for the broker, prompting a score of just 0.99 out of 10.

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