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Olive Markets

Macedonia|2-5 years|
White label MT4|Regional Brokers|High potential risk|

https://www.olivemarkets.com

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
OliveOrganik-Demo MT4
Server Location United States

Contact

+44 7563 552129
support@olivemarkets.com
https://www.olivemarkets.com
Bul. Partizanski Odredi, No 14A-4/1-1, Skopje, North Macedonia

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Disclosure

Danger

ID BAPPEBTI
2022-09-20

Contact number

English

+44 7563 552129

Other ways of contact

Broker Information

More

Company Name

Olive O. Markets Global Financial LTD

Abbreviation

Olive Markets

Platform registered country and region

Macedonia

Company website

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away!
Previous Detection : 2024-07-15
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Olive Markets · WikiFX Survey

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Olive Markets · Company Summary

Aspect Details
Company Name Olive O. Markets Global Financial LTD
Registered Country/Area Macedonia
Founded year 2020
Regulation No Regulation
Tradable assets Forex, Cryptocurrencies, Stocks & Shares, Commodities
Account Types Requires contact with support team
Maximum Leverage Forex: 1:300, Cryptocurrencies: 1:5, Stocks & Shares: 1:10, Commodities: 1:100
Spreads Requires contact with support team
Trading Platforms MetaTrader 4 (MT4), Web Trader
Demo Account Available for Forex, Cryptocurrencies, Stocks & Shares, Commodities
Customer Support Phone+441513080525, Emailsupport@olivemarkets.com, Live Chat
Deposit & Withdrawal Bank Transfer, Credit Card, Cryptocurrency

Overview of Olive Markets

Established in 2020, Olive Markets is a Macedonia-based brokerage offering trading in Forex, cryptocurrencies, stocks, and commodities. It operates without formal regulation, providing services on MetaTrader 4 and Web Trader platforms. While specific account details and minimum deposits are unspecified, the broker offers leverage up to 1:300 for Forex trades. Support is available via phone, email, and live chat, with demo accounts accessible for practice across its trading assets.

Overview of Olive Markets

Pros and Cons

Olive Markets provides an extensive selection of trading instruments and favorable leverage for Forex and commodities trading, secured by 3D Secure for credit card transactions. It also supports the widely-used MT4 platform and cryptocurrency trades.

Conversely, the broker's unregulated status, limited cryptocurrency leverage, and lack of transparency regarding minimum deposit amounts, account types, and spreads will concern some traders. The limited educational resources also hinder new traders seeking knowledge and guidance.

Pros Cons
  • Broad range of trading instruments
  • Not regulated
  • High leverage options for Forex and Commodities
  • Limited leverage for cryptocurrencies
  • Secure 3D Secure credit card transactions
  • Lack of transparency of minimum deposit
  • Offers MT4
  • Lack of transparency of account types
  • Cryptocurrency transactions supported
  • Lack of transparency of spreads
  • Lack of educational resources

Is Olive Markets legit or a scam?

Olive Markets operates without regulation from any financial oversight bodies. This absence of regulation highlights potential risks for traders, including concerns over fund security and operational transparency.

Is Olive Markets legit or a scam?

Market Instruments

Olive Markets provides its clients with a comprehensive suite of trading instruments with demo account across various markets, allowing traders to diversify their portfolios and access a wide range of trading opportunities.

  • Forex: Offers a broad selection of currency pairs, including major, minor, and exotic pairs. Traders can leverage up to 1:300, facilitating the execution of both small and large trades.

  • Cryptocurrencies: Provides trading opportunities in leading cryptocurrencies such as Bitcoin, Ethereum, and Litecoin, albeit with a more conservative leverage of 1:5.

  • Stocks & Shares: Allows trading in shares of over 50 major companies, offering a leverage of 1:10. This enables traders to participate in the equity markets with a lower capital requirement.

  • Commodities: Offers a range of commodities for trading, including precious metals like gold and silver, energy commodities such as oil, and various agricultural products. Leverage options go up to 1:100, providing significant flexibility in trading strategies.

Market Instruments

How to Open an Account with Olive Markets

To open an account with Olive Markets, visit their website and select the account opening option. Fill in personal details such as name, email, and phone number in the provided form. Choose the type of account you wish to open. Upon selection, proceed to deposit funds into your account using available payment methods like bank transfer, credit card, or cryptocurrency. Finally, submit required identification documents for verification to ensure account security and compliance. Once verified, you can start trading on their platform.& Commissions

Leverage

Olive Markets offers a varied leverage option depending on the asset class: up to 1:300 for Forex, 1:5 for Cryptocurrencies, 1:10 for Stocks & Shares, and 1:100 for Commodities. This structure allows traders flexibility in managing their risk and investment size.

Leverage

Trading Platform

Olive Markets offers the MetaTrader 4 (MT4) trading platform to its users, enabling efficient handling of trading operations across a various selection of investment products through one consolidated interface. The platform boasts compatibility with various devices such as Android, iOS, and Windows, allowing traders to manage their investments conveniently on the move. Moreover, Olive Markets introduces a Web Trader option, which permits traders to access and operate the trading platform via web browsers like Chrome and Safari without installing any additional software.

Trading Platform

Deposit & Withdrawal

Olive Markets supports a variety of deposit and withdrawal methods, enhancing the convenience for traders. Deposits can be made through bank transfers (EFT/SWIFT), which are processed within 10 minutes, and credit card transactions that are completed in a few minutes with 3D Secure verification. Additionally, Olive Markets accommodates cryptocurrency transactions, offering same-day processing for both deposits and withdrawals. This range of methods provides flexibility and efficiency in managing funds.

Deposit & Withdrawal

Customer Support

Olive Markets offers comprehensive customer support, featuring phone, email, and online live chat options.

  • Free Call Service: +441513080525

  • Email: support@olivemarkets.com

The service team is accessible from 9:00 AM to 5:00 PM, ensuring timely assistance for traders.

Conclusion

Established in 2020, Olive Markets is a Macedonia-based broker offering a wide range of trading instruments such as forex, cryptocurrencies, stocks, shares, and commodities, along with leverage options and demo accounts for risk-free practice. However, its unregulated status indicates doubts over security and reliability, overshadowing the benefits of its various offerings and convenient trading platform options. While it facilitates various payment methods, the lack of educational resources and regulatory oversight makes it a risky choice for traders prioritizing safety and comprehensive support.

FAQs

Q: Is Olive Markets regulated?

A: No, Olive Markets is unregulated, presenting potential risks.

Q: What trading instruments are available?

A: They offer forex, cryptocurrencies, stocks, shares, and commodities.

Q: Are demo accounts provided?

A: Yes, Olive Markets provides demo accounts.

Q: What platforms does Olive Markets support?

A: MT4 platform is available for trading.

Q: How can deposits and withdrawals be made?

A: They accept bank transfers, credit cards, and cryptocurrencies.

Q: Are there educational resources for traders?

A: No, Olive Markets lacks educational resources.

Q: What should be considered before trading?

A: The unregulated nature of Olive Markets warrants cautious consideration.

Risk Warning

Online trading poses substantial risks, with the potential for complete loss of invested capital, rendering it unsuitable for all traders. It is imperative to comprehend the inherent risks and acknowledge that the information provided in this review is subject to change due to continuous updates in the company's services and policies.

Additionally, the review's generation date is a critical consideration, as information may have evolved since then. Readers are strongly advised to verify updated details directly with the company before making any decisions, as the responsibility for utilizing the information herein rests solely with the reader.

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ysmnmat
3-6months
When my expert was on leave, no one took care of my account and they ruined my account with the swap fee charged, I suffered a huge loss.
2024-03-19 10:10
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