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Olymp Trade

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Operating status: SCAM

Website: https://olymptrade.com

Broker violations and abnormal records
  • 2021-04-29 BrokersView has reviewed that Olymp Trade is an unregulated forex broker
    Olymp Trade claims to be a member of the international Financial Commission (FinaCom). But FinaCom is only a self-regulatory agency which is used by scam brokers to mislead traders about their regulatory status, not a supervisor.
    Olymp Trade claims to be a member of the international Financial Commission (FinaCom). But FinaCom is only a self-regulatory agency which is used by scam brokers to mislead traders about their regulatory status, not a supervisor.
  • 2024-06-20 The CySEC releases a warning about Olymp Trade

    On 21 Jun, 2024, the Cyprus Securities and Exchange Commission (CySEC) warned consumers about the services offered by the company Olymp Trade, which is offering financial and investment services without the required authorization. https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=b119d5c1-2ea3-4501-b70e-ce36990d0712

    On 21 Jun, 2024, the Cyprus Securities and Exchange Commission (CySEC) warned consumers about the services offered by the company Olymp Trade, which is offering financial and investment services without the required authorization. https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=b119d5c1-2ea3-4501-b70e-ce36990d0712

Related Complaints

Q&A Complaints

apakah olymp trade aman?

Ponnu
Indonesia
2024-08-12
ANSWER Dear Investor,We strongly suggest you avoid using Olymp Trade, a broker presenting substantial risks.The broker's claims of being licensed by the Vanuatu Financial Services Commission (VFSC) and registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA) cannot be fully trusted, as there is no solid evidence supporting that it is really operating under these licenses. Even if Olymp Trade did have these licenses, it is still not recommended, as both VFSC and SVG FSA are not considered top-tier regulators. These jurisdictions are known for their lax regulatory environments.Additionally, many investors have shared their unpleasant experiences with Olymp Trade and accused it of being a scam. This is a significant warning sign.We advise you to steer clear of Olymp Trade. It is critical to do thorough research before committing real money.
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2 comments

Nattaphum Hongkaew
This broker has become more than just a company that gave me access to the financial markets. Thanks to this company, I got a hobby that brings me income.So far it is not a big income, but nevertheless, I am glad that I can do what I like and get money at the same time.I opened a trading account here quite some time ago. And since then, I have not even thought that the trading conditions here are not suitable for me.I concentrated on trading. And as far as I think I succeeded in this activity.
2023-05-26
Reply
Pran Abhijeet
Nice one to try trading. Platform is very easy to master and operate so it can be used by both experienced traders and newbies. Number of available to trade assets is pretty impressive and suppport service is just very friendly and speaks several languages.
2023-05-13
Reply
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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