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    Negative

    OLYMPTRADE

    • Saint Vincent and the Grenadines Saint Vincent and the Grenadines
    • 2-5 years
    • Suspicious Regulatory License
    • MT4/5 full license
    • Regional Brokers
    • High potential risk
    WikiFX Score
    Comparison

    The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints!

    Licenses

    No valid regulatory information

    Please be aware of the risk!

    VPS Standard

    No restriction on the broker account. Provide service support by WikiFX

    • Single Core

    • 1G

    • 40G

    Get it for free

    Broker Information

    Company Name

    VISEPOINT LIMITED

    Phone of the company

    27211003880

    Company website
    https://olymptrade.com
    Twitter

    --

    Customer Service Email Address

    support-en@olymptrade.com

    Company address

    54, Immakulata, Triq il-Mina ta’ Hompesch, ZABBAR ZBR 9016.

    Pyramid scheme complaint
    Expose

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    Warning: Low score, please stay away! 2
    2022.05.24

    It has been verified that this broker currently has no valid regulatory, please be aware of the risk!

    The number of the complaints received by WikiFX have reached 53 for this broker in the past 3 months, please be aware of the risk and the potential scam!

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    Brokers Olymp Trade launches Fractional Units

    Olymp Trade introduces Fractional Units, a unique feature that enhances the opportunities of SPT mode traders.

    WikiFX
    2022/2/21 3:13:56
    Olymp Trade launches Fractional Units
    Brokers Olymp Trade: Seven rules of responsible trading from a top broker

    Forex trading is becoming increasingly popular in India. On the one hand, it’s an inspiring trend as more people get access to this market’s unlimited earning potential. On the other hand, it means a massive influx of people with zero trading experience and a weak grasp of financial markets. Additionally, enthusiastic newbies are often misguided by promises of rapid and easy enrichment. The combination of these three factors increases the risk of loss.

    WikiFX
    2022/2/21 3:08:00
    Olymp Trade: Seven rules of responsible trading from a top broker
    Brokers Olymptrade's ridiculous complaint makes people wonder if their IQ is working?!

    Once again, WikiFX received a complaint email from Olymptrade, the content of which was ridiculous and made people wonder whether their IQ worked or not. In the email, they claimed that the financial services they had been providing were legal and didn’t require any form of regulation. It was shocking that a Forex trading platform could claim that they did not need any regulations. Their bold statement was not only irresponsible but also breached the law. Olymptrade has repeatedly stressed that now that investors have chosen to invest on its platform, they should bear the potential risks of forex and know all the legal information. Olymptrade has been exploiting legislation loopholes and carrying out its illegal forex services.

    WikiFX
    2020/6/22 10:51:34
    Olymptrade's ridiculous complaint makes people wonder if their IQ is working?!
    Brokers Notorious OLYMPTRADE Has Been Complained by 16 Victims for Scam

    WikiFX has received a massive amount of complaints from victims about OLYPMPTRADE on official Facebook.

    WikiFX
    2020/4/2 5:38:19
    Notorious OLYMPTRADE Has Been Complained by 16 Victims for Scam
    Brokers Video Proof Attached! WikiFX never tolerates Olymptrade's bad behavior of distorting fact.

    It is estimated that the average daily trading volume in Nigeria's forex market may be around 350-450 million naira (US$1-1.2 million), and this figure is still on the rise. The number of Nigerian investors who are interested in forex has been growing steadily over the past decade, and Nigeria may have as many as 300,000 retail forex traders, among which about 25 percent are active traders.

    WikiFX
    2020/4/1 10:17:13
    Video Proof Attached! WikiFX never tolerates Olymptrade's bad behavior of distorting fact.

    OLYMPTRADE

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    OLYMPTRADE

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    WikiFX·pyramid scheme complaint
    1  Know about pyramid scheme  >
    2  Pyramid scheme complaint   >
    3  Done
    1. What is pyramid scheme complaint?
    With the continuous development of the forex market, more and more Ponzi schemes have poured in, and global investors have suffered greatly. WikiFX has set up a complaint channel in order to ensure the funds security and prevent more scams. We sincerely invite foreign exchange investors to report such fraud platforms and jointly purify the market environment!
    2. 10 Features of Pyramid Scheme
    High Profit Promised Level Marketing Required Multi-level Marketing False Advertising Master Trader Awarded 'Datuk' Brainwashing-style training Fake Regulation Copycat of other platforms Marketing & PR campaigns
    Report immediately
    Report This Platform
    OLYMPTRADE
    * Contact number
    0086
    *Enter your phone number
    *Reporting Reasons

    *Enter your reason
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    Submit successfully!

    You can check the real-time processing progress in 'User Center-My Release-Ponzi Scheme'

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    OLYMPTRADE · Company summary

      General Information & Regulation

      Olymp Trade has been an online brokers since 2014. Olymp Trade joined the IFC in 2016. Olymp Trade received the 2017 Best Options Broker Award at Forex Expo and the 2017 CPA Life Best Financial Broker Award. Olymp Trade's official website does not show any regulatory information.

      Market Instruments

      Olymp Trade offers traders a series of financial instruments, including Forex currency pairs, commodities, indices, stocks, cryptocurrencies, exchange-traded funds, and OTC.

      Leverage & Accounts

      To meet the investment needs and trading experience of different investors, Olymp Trade offers two different types of accounts: Standard and Premium. Olymp Trade offers maximum trading leverage of 1:400, 1:30 for the most popular currency pairs, and 1:20 for minor currency pairs.

      Spreads & Commissions

      There is no detailed information about spreads on the official Olymp Trade website. By testing a standard demo account, the spread on EURUSD is around 1.1 pips. Olymp Trade charges a fixed rate of overnight fees for overnight trades, up to 15% of the total investment amount. For accounts that have been inactive for 180 days, Olymp Trade charges a monthly fee of $10.

      Trading Platform

      Olymp Trade trading platform pages are easy to navigate with a real focus on user experience. Olymp Trade supports web, desktop applications (for Windows and Mac), and smartphones/tablets (for Android/iOS).

      Deposit & Withdrawal

      Olymp Trade welcomes a variety of deposit and withdrawal methods, mainly bank cards, credit cards, UnionPay, Bitcoin, TEDA, NETELLER, Skrill, Perfect Money, WebMoney

      Trading Hour

      It is possible to access the Olymp Trade website 24 hours a day, seven days a week, 365 days per year. Essentially, investors can trade whenever (and wherever) they see fit via mobile and desktop devices. It is, however, worth mentioning that the available markets are not open 24/7.

      Customer Support

      Olymp Trade customer support is available 24/7 via the following means:

    •   Phone: +84 2844 581 413

    •   Email: news@olymptrade.com

    •   Web: olymptrade.com

    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.