Is Olymp Trade a Scam?
Is Olymp Trade a Scam?
Olymp Trade is a brokerage company that offers options and forex trading to its clients. They appeared in the trading industry in 2014 and have made quite a name for themselves in these five years. If you’re looking for a broker but don’t know anything about this website, you’re probably wondering is Olymp Trade a scam or a legit trading partner. We will answer that question for you in the following lines because we have all the information on their security and reliability right here. This is all firsthand info, since we decided to dig deep and dig by ourselves in order to bring you the most reliable data. Therefore, if you want to know if you can trade here, all you have to do is read on.
Is Olymp Trade a Scam? | Are they regulated?
Unfortunately, fake brokers do appear from time to time, which is why discussing this topic is very important. The first thing we have to tell you is that Olymp Trade is a member of the international Financial Commission, and a member of the elite A category, at that. This means that you can be compensated for up to 20,000 USD if you experience any kind of fraud and that you always have easy access to legal assistance whenever you need it. They have been a proud owner of this license for about four years now, but this is all just the beginning of our quest to see is Olymp Trade a scam or a reliable company. More answers can be found just below, so keep reading.
Olymp Trade Regulation
Is Olymp Trade a Scam? | Are they fair?
The reason we have all the info about this broker is the research we did for our Olymp Trade Review 2019, so don’t forget to check that out, too. As far as this article is concerned, after taking a look at the regulation, we went on to see how Olymp Trade does when we test its website. You will be trading on their own platform here, but we have to honestly say that we have no complaints about that. Execution is quick and the prices are fair and updated constantly. The same can be said for money transfer methods because we never saw any signs of fraud. The money we used to make deposits and withdrawals always arrived without any problems. In short, the answer to the question “Is Olymp Trade a Scam?” is pretty self-evident.
Olymp Trade Trading Platform
Is Olymp Trade a Scam? | Support
When examining things like this, it’s always good to check how the company behaves towards its clients, i.e. if it provides adequate support. We are happy to report that the support here is excellent: an agent was quickly with us via live chat and he answered all our questions very competently. Not only that, but there are hundreds of items in the education section, from webinars to educational videos. It’s no wonder that this company got the “Best traders FB community in Thailand” award. In addition, Olymp Trade is actually sponsoring Honda’s Moto GP team, which can tell you a lot about the broker’s reliability. Only the very best get to enter sponsorship deals like that. Honestly, you can see from every page on their website that they care a great deal about their clients and that they are every bit what they claim to be. 10/10!
Is Olymp Trade a Scam? | Conclusion
No, we honestly don’t believe this company is a scam. They have been in this industry for more than five years now, which is plenty of time for the authorities to shut them down if the service provided on this website is not what it’s supposed to be. As you can see, Olymp Trade is still up and running, so nothing of the sort has happened. Once you sign up here, you will be trading with a very professional and dedicated broker and experience everything fixed time trades have to offer. Open an account now to start your new adventure!
OPEN FREE TRADING ACCOUNT WITH OLYMPTRADE.COM NOW!
Hello! I’m Mark Watson, born and raised in Scranton, PA. I’ve been investing online ever since I started college at the University of Pennsylvania (go, Quakers!), where I was an undergraduate student of Economics. At first, I didn’t invest much, I was just hoping to get some extra pocket money, but with time I realized how math and patterns can actually be of great help in this line of work.
After a few years, I moved to London School of Business and Finance to continue pursuing my career in investing, and I eventually landed a job at Credit Bank Europe. The experience I got there was invaluable, plus it assured me that online trading was something I want to do for a living. Sure enough, I became a trading manager in 2015 with FXVC Online Trading, but a little while later I started working on my biggest project so far – BinaryOptionsTrading-Review.com.
The website is still going strong, and we have analyzed hundreds of brokers from all trading fields so far and helped hundreds of readers make the right choice. We also publish trading signals on a regular basis, which have proven to be accurate about 80% of the time!
And since the online trading industry is only growing, with cryptocurrencies and other similar products entering the fray, I am incredibly excited about what the next few years have in store for us. In short, if you want advice from a passionate trader, you’ve come to the right place!