Is Olymp Trade a Scam?

Is Olymp Trade a Scam?

Is Olymp Trade a Scam?

Olymp Trade is a brokerage company that deals exclusively in binary options. They appeared in the trading industry in 2014 and have made quite a name for themselves in these three 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 the security here. This is all firsthand info, as 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 almost two 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

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 2017, 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. Furthermore, the broker also has a great support team and a very thorough FAQ section, which is also an important proof of the broker’s reliability. In short, the answer to the question “Is Olymp Trade a Scam?” is pretty self-evident.

Olymp Trade Trading Platform

Olymp Trade Trading Platform

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 three years, 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 binary options have to offer. Open an account now to start your new adventure! 

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Author: Ben Prescott
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