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.

Is Olymp Trade a scam?
Olymp Trade is a scam and a bad service provider as per the report filed on dirtyscam.com. They are not aggressive towards their customer satisfaction and complaint grievance.
Is Olymp Trade legit?
First Olymp Trade is not a legit business owner or provider. You must take necessary precautions/measures before buying or using their services.
How many reviews are submitted by Olymp Trade’s consumers?
There is/are 20 review(s) posted about Olymp Trade and it indicates that the severity of the scam is High.
Where is Olymp Trade located?
Olymp Trade is located at United States. You can contact Olymp Trade by dialing N/A or visit their website static.olymptrade.com before filing a lawsuit. We are no way affiliated with better business bureau or yelp reviews platform.
How much monetary loss is incurred by Olymp Trade’s customers?
According to the report(s), US $1000 was the total loss incurred by Olymp Trade’s customers.

Rate and write a review on Olymp Trade

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20 reviews on Olymp Trade

  1. Bruce de Oliveira

    Olymptrade NO PAY BEWARE

    Broker scammer does not pay neither his affiliation representatives

    They deleted my account claiming IP fraud, and I forwarded all the correct affiliation data
    I have recorded video proving that the account was with everything correct and they deleted, then claimed that it would not be possible to investigate because my account was no longer in the system. The regulatory rule of them did not help at all, I contacted her and she informed me that she could not do anything about the case. Video can be found at


    They blocked my operations account too, I do not have a recording

    Blocked from making negative feedback on your page too.

    1. Nnamdi Afolabi

      Fake claim.

      Bruce is a scam itself and this has been revealed with numerous proofs at FPA forum.

      Check this out

      The complaint is nothing but an attempt to start blackmailing the broker.

  2. Casey Imafidon


    Olymptrade just took my money and never deposited money into my account. They are a big scam and thieves. Join them at your own risk!

    1. Anthony

      i cant trade with them any more

      i did lost about $91,000 to F T B binary management broker who claims to me legit i had to put in my very best to see that i have a good trade with them so i put my savings and what i get at the end was bad i could not even get a cent from there market after all my investment have been made,
      well there a lot of this brokers who can be avoided i just want to say this to the newbies to enlighten them about my experience they have to learn from it.
      however i came across a Recovery Team/Financial Management expert, who enable me to get all i have lost back through there guidance, i just want to say thanks to, 
      primerecoveryteam , com who help me get very single cent i have lost to those cheaters .
      That is the team that help me.

  3. Felix Tan

    Better Experience

    First of all, I think that the people saying that they lost a lot of money did one thing wrong — they invested without getting to know the strategies first and without having a proper trading plan.

    With options trading, it is easy to think that you will win because the odds are just 50-50 but then, you have to realize that there are real strategies to use.

    You just think that its easier to win in the demo account its you are not losing real money there thus there is no big bearing when you lose. Read more about trading psychology to learn about it.

    As for me, trading with Olymp Trade has worked by far and I am earning my profit in my free time.

  4. allana

    Happy to share my review

    Most brokers take advantage with customers funds because they fill these customers don’t know how to get their funds back, But trust me there are hidden ways you can get your lost funds back from the broker. I was able to withdraw my $230,000 from the two brokers i signed up with while trading. I’ve never done this before but i promise to recommend him if i help him out and i’m glad he did, If you want to recover your money back then mail him recoverywealth now360 at gmail dot com

  5. George Freddie


    The whole crypto currency investment is full of scam ,A lot of unregulated brokers and Account managers are operating illegally stealing fund from traders. I don’t comment on articles easily,but I need to share this for the sake of other followers.I lost my investment capital of over $340,000 USD to unregulated Binary option broker.After my account generated thousands of profits the requested for additional fee before my withdrawal request can be processed at the end I lost all my money.All my efforts to reach out to their customer support was unsuccessful, I was in pains and couldn’t tell anyone about it until my friend narrated how she also lost her fund until she met with Mr Frederick Morris who helped her to recovered her money back . I narrated my story to her too and she advice me to contact same Mr Frederick Morris who specialized in helping all scammed victims with valid proofs to get their fund back , I contacted Mr Frederick personal email he instructed me to provide all legal details of my investment, I did as instructed.All like a dream I was able to recovered all my money back through the help of Mr Frederick Morris and other financial authorities. I want to encourage you reading this , don’t sit back and cry why your Account Manager or broker enjoy your money , contact Mr Frederick Morris he will guide you on how you can successfully get back your money . You can reach him via his Email ..

  6. Rachel

    It could have been worse

    Beware of them, I lost a huge amount of money to these binary options and cryptocurrency companies, I recovered everything I lost thanks to a Recovery Pro. You can reach me if you’re interested in finding out how I recovered everything I lost. Rachelmillr4 {at} gmail dot com

  7. Ansu Puri

    I think things have worked out here.

    After all, here you can start without experience and improve, if you have already become a professional in some way.
    And it seems to me that many companies can not boast of such diversity. And that’s where it all worked out.

  8. Iknaton al Tabit

    Professional approach...

    I liked working with Olymp Trade. This is a professional brokerage that takes trading very seriously. It has a regulator that guarantees deposit insurance up to $20,000, which means you can not worry about your deposit safety. Also, the broker has a very large and diverse training system, which will be useful not only for beginners, but also for professionals. So, in general, personally, I, as a trader, have grown a little during my time working with Olymp Trade. It helped me to look at trading not only as a hobby or a weekend occupation, but as a full-fledged business that I need to learn.

  9. Lanang Anggriawan

    Modern company

    Low commissions, leverage from 1:50, favorable bonuses up to 100%, constant training – this is exactly what I need…

  10. shamsunder

    I am a senior citizen and my financal condition is very poor. So i ventured into
    some quick money making ventures. After coming across olymp trade,after going through all the good things and reputations on inter net, and practicing on demo account for quite a time. Every thing was quite o.k with demo trade.When i got confidence, i decided to go for real money and deposited 300 dollars in the real money account. I started loosing and lost about 240 dollars in few trades. All my tried strategies which were working quite well in demo trade were failed completely.I found the graphs were very different than the display in demos. Then suddenly my trading account was suspended for security reasons and asked me to provide all irrelevant security documents
    documents again.When i started uploading again I started getting replies that the documents are unsuitable.After going into the reviews of many
    customers who invested money and lost every thing, oh god, i finally realized that my money is lost forever.

  11. Aarif Mehan

    Good support

    I’ve made investment only yesterday, but I’m ready to write my reviews. Just keep in mind, that I’m writing about my experience first of all. Before making a deposit I’ve called to Olymp Trade support centre. To be precise, I was asking a lot of question and the call lasted for 11 minutes 28 seconds, that’s extremely long for support service. And support team member (or I don’t know how to call such people) answered all my questions, even the most curious ones, so I made deposit after the call. Hope trading with that company wouldn’t disapoint me.

  12. Ibrahim Prasad

    No surprises.

    I am satisfied with the fact that the company does not offer any unexpected conditions and does not create difficulties in work.
    Even when OT added MT4, they still kept the basic terminal, which is familiar to all…

  13. Javier Villalba

    I really intrigued me

    I decided to stick with Olymp Trade because I was overwhelmed with a desire to try fixed-timed trading and their platform in general. My pal recommended this broker. He was the first person who told me about fixed-time trading. I should confess that first I was quite sceptical about this type of trading. When he first told me about this, the first thing that came to my mind was gambling. You know that guesswork is the major tool in gambling, but I was wrong.
    When I came to the official website of Olymp, I discovered enough educational materials about this type of trading. So, I opened a demo account and started practicing fixed-time trading. It turned out that it has nothing in common with gambling. It uses the same charts, indicators as well as other tools to forecast the market. The more I make fixed-time trades, the more I like. I guess soon I will shift to a real trading account.

  14. Kalyan Dhakal

    I like their web platform

    This broker has attracted me with its very intuitive web-based platform. Previously, I used Metatraders but I always found them somewhat ill-suited for ordinary people. This product is more straightforward. It took me less than a minute to learn all of its features.

  15. Okasha Gibrine

    I have been scammed of 2,200gh$

    Not advisable to do it please

  16. Braulio

    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.

  17. Prisha94

    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.

  18. Amir Mulaosmanovic

    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.

  19. Wieland Ackermann

    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.

  20. Silvan Rahmawati

    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.

Reported Loss :1000 $
Severity of Scam :High
Reported by : Anonymous
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