Olymp Trade
Olymp Trade is a big NO
I am always in search of good investment strategies and investing in forex or shares have been my priority. I have made a huge profit by putting my money in these niches. However, recently I came across this Olymp Trade. This happened four months back. I had read about the app a lot and wanted to get some experience myself.
The app provides dummy and real account. You can invest with the dummy account for virtual money which is only to prepare you for the real game. While I was practicing and trying to learn the tricks to get some good money in my account, I figured out that the set up was quite easy.
When I was playing with the virtual money, I was able to make a lot of profit. It was rare that I missed on any of the transactions. That is when I decided how bad it could be. The minimum investment said 10 dollars. However, I thought of starting with $500. They did have the option to withdraw the money but did not know if that worked.
After the real account was activated. I started investing for real. This was not at all similar to the dummy account. I was losing more than I won. I was getting desperate and did not know when I consumed the entire $500.
I thought it to be my bad day. So, I tried with the dummy account for few more days. As the time went by, I realized that it was easy to win with the virtual account. So, I thought of giving the real account a try for the last time. You know, the rewards are shown so beautifully over the internet that anyone would fall for it. I am an experienced trader. If
I could then anyone else could.
But, I was looking forward to one last try. I again refilled my account with $500 and started trading. At first, I won for few trades and then the graph went down. The number of losses again started to grow, giving me an indication that something was wrong.
I also checked the reviews again on the internet and it seemed too good to be true. I realized that all the marketing gimmicks were just drawn to lure traders to invest more and keep trying.
In total, I lost $1000. I would also like to add one more thing. When I tried to install the app, it asked for many permissions. For example, my ID, photos which were irrelevant to the application, I guess. I did allow the app to access that information. However, if this is some kind of scam that works on personal information, I would be damned.
If you guys are also planning to try this thing only by looking at the amazing reviews of other people, believe me, you would repent later. If you wish, you can start with a few dollars and do not take this app rule over your head. I have also seen people, who invest even after knowing that the app is a scam.
No real money paid after withdrawal
I have been using Olymp of for 2 years and during this period I lost about 1 million INR. In starting they paid me some small winnings but once I withdrawal 21000 INR and 35000 INR they reported me paid but no money I got in my bank when I complained it they says they have sent my funds now responsibility belongs to bank ….
They says bank rejected the fund and no responsibility belongs to Olymp trade once they have processed the withdrawal.
Fully fake platform…..
Making many people fool……
Big scam…..
Trading platform
I want to tell you about my experience with broker’s trading platform.
In general, platform works well, but I found it to be overloaded with information. A lot of information is good, but it is a bit disturbing for me.
But in other respects platform worked well. I didn’t have any problems with it. There were no slippages, and indicators worked without fail.
Olymp trade is a scam
When I was playing with the dummy account, i can’t lose. When I decided to put in $300, everything went down hill. The trades are impossibly rigged, I set my trades to 1 min each and every time and I mean single time, the trade will jump off tangent at the last second and I will lose my money in that window of 2-3 seconds.
Highly do not recommend anyone to trade with this. I am 100% sure they rigged the trading system to steal your money at the last second, making you think it is just bad luck; but it happened to me 99% of the time for every single trade. I am not a novice trader and i know how to read graphs and do technical.
Run away from this scam!
inspiration, not a broker
olymp trade encouraged me to trade. sounds corny, but I have never been interested in trading before testing olymp trade platform for fun.
I am probably the only person who tested trading for fun without any serious intentions.
bu these days I trade seriously on olymp trade platform and everything is cool. can’t understand how to trade in fixed time trading mode, but I hope I will.
Assets available at OlympTrade
I hope that this information will be helpful to traders who are looking for a new broker.
I have a lot of experience in trading various assets. Now I will name all assets I have used in my trading and add those assets that I have seen but have not used.
List:
– Currency pairs. Of course. It was expected.
– Stocks. Here you can find stocks of the most famous companies
– Metals. gold, silver, platinum, copper
– Indices. From the Dow Jones to the Nikkei.
– Commodities. Oil & Gas
– Crypto
– ETF & OTC
– Composites
Here’s the list of assets I wanted to tell new traders about. Good Luck!
Olymp is scam
I deposited 150$ won 169$ more when I tried to withdrew, I was told I verify, I went on to do so only for them to tell me verification can’t go on. Soon enough my account was blocked and I was told I violated their rules. Seems rule is you can’t win such huge amount of money
A broker with huge trading community.
Trading community is one of the most significant things for a trader to make them develop and be updated with the market. Olymp trade has a huge community in fcebook where traders discuss the current markets and share their trading results. However, I would prefer olymp trade to make its own forum because I don’t really like facebook.
I like this web platform
This web platform is very suitable for active trading. It allows to instantly change the level of risk by choose the required multiplier values and fixed amounts. When I’m not confident about the market situation, I enter the market with safer trade parameters.
Olymp Trade is a scam
Olymp trade is a scam app because it manipulates the graph the last second…whenever I place a trade I I shown that I am in the profit side but when the last 10 seconds come the graph pattern changes and I incurred loss…infact when I use indicators the place a trade according to multiple indicators the graph changes the last second , but when I place a trade in my demo account according to the indicators I am shown profits…in demo account my profit is greater than my loss and vice versa in my real account. …it’s a total scam app because it will manipulate ur trade the very last second and that happened to many of my friends as well…I would not recommend u to install this app
Each word is correct similar experience with me lost 25000₹ in a day
I have the similar experience. Lost25000₹ in a single day in olymptrade. They are real cheats. I don’t know why the Indian govt is assisting these fraudsters
No real money paid after withdrawal
I have been using Olymp of for 2 years and during this period I lost about 1 million INR. In starting they paid me some small winnings but once I withdrawal 21000 INR and 35000 INR they reported me paid but no money I got in my bank when I complained it they says they have sent my funds now responsibility belongs to bank ….
They says bank rejected the fund and no responsibility belongs to Olymp trade once they have processed the withdrawal.
Fully fake platform…..
Making many people fool……
Big scam…..
I want to make the most of this broker
This broker attracted me with a slew of unique opportunities. In particular, I’m interested in its risk-free trades. That’s a possibility to trade at the cost of the broker. Of course, the broker can’t give a lot of such trades even to large deposit holders. But just imagine that you can enter the market at the right time and place. In this case, you can count on good gains, while risking nothing. In the worst case, you will preserve your money. So, I’m currently working on the possibility to become their Expert user.
Olymp Trade 2021
Good broker. I like that they do not impose bonuses. According to the company’s rules, bonuses can only be used for trading and making a profit. You cannot withdraw them. The money earned can be withdrawn at any time.
By the way, their analysts are sometimes wrong. Sometimes the chart went exactly the opposite direction than they predicted. They still have an interesting experience point accumulation program. But you can only get profit from these XP if trading is like a job for you, if you trade often and a lot. Points expire once a month, so there is no reason for newbies to earn them.
Blocked account and money stolen
Olymp trade blocked my account and take my money. One day I notice that someone deposit money on my account. I wanted to be honest and report that to support and they blocked my account and can not withdraw my money. I am trying to get in touch with someone from support for 15 days and only reply I got is an automated message that my order have been received. I provide all evidence of my account and how much money they stole from me and again I got nothing. I am thinking for all of us who got scamed and lost money from this broker to unite and do something about it. Warn people, make bad reviews, file a complain to regulatory commission who gave them permission to work and scam us. This looks like to me as exit strategy which is well known scam and a lot of innocent people will lost their funds.
Olymp Trade is a good place for beginners
I can honestly say that if I’d seen such reviews before, I would’ve avoided trading with Olymp Trade. But in the end, it’s a good thing that I didn’t see such reviews. I can’t complain, mostly I had a positive experience with the platform. For me, as a beginner, it was important that all the information was demonstrated plainly. Plus, the interface itself is easy to understand, which helped to quickly understand everything.
The only thing that confused me was that I couldn’t find the multiplier for a long time. It turns out that it is located next to the amount for trading, and I was looking for it in the settings, which was not entirely clear. There have been no problems with the payments so far, so I have nothing to say about this.
Olymp stole my money
After 130 days not connecting to my account and i only deposit 10 dollars and made one win trade…olymp decide to stole my monet with a suscription fee thar happens 160 days after you are connect it…they dont care about covid season….they are a scammer pagr. I d rather IQ Options.