Olymp Trade promises to its client increased profitability. She has created a trading platform that opens up ample opportunities and allows for effective transactions in the global market. According to the broker, its innovative development allows achieving high financial goals. To verify this statement, today we will analyze the broker and the comments about him.
Information about Olymp Trade: a company with 6 years of experience!
The broker talks about 6 years of dedicated service. He calls himself one of the leaders in online trading. Software developers, financial experts, personal managers and support consultants are all dedicated to serving their customers. According to the firm’s representatives, Olymp Trade seeks to make exchange trading easier and more profitable.
The company currently serves about 25 million accounts. The office’s average monthly return is $ 8 million. Capital turnover per month is more than 150 million US units. Among the clients of the firm are residents of 134 countries of the world.
The broker calls himself one of the most trusted representatives in the industry. He is a member of the Financial Commission, which guarantees high quality services.
Despite all the merits described on the official website of the company, the firm has been repeatedly seen in fraud. Its clients are disappointed with the low quality of services, deception in the supplied quotes and the complete absence of payments from Olymp Trade. Reviews clearly indicate the misappropriation of other people’s money. On a demo account, trading is going well, but with the transition to a real tariff, traders begin to lose money due to a sharp change in the terms of cooperation.
Trading platform
The brokerage company distinguished itself by developing its own trading terminal. According to the creator of the program, the platform adapts to any device. The client can work through a personal computer, smartphone or tablet. The system is configured for the unique needs of each user, takes into account his goals, and offers the necessary functionality.
The Olymp Trade platform has the following functional features:
Demo account. If a trader is unsure of his professional skills, he can try them out on a free demo account.
It is proposed to carry out several risk-free trading operations as a training.
A personal manager is connected to the account, who gives tips and helps to navigate in difficult market situations.
The trading platform can be improved with additional plugins. Wanting to add a new function, the trader can download the corresponding software.
The brokerage company promises to carry out fast transactions. According to her, the replenishment of the deposit and the withdrawal of funds are carried out instantly. In practice, traders note many flaws, they complain about freezing of the trading platform, problems with money transfers. All of this is more like a standard scam than the activity of a professional broker. Despite its rich experience, the company has a bad reputation and is not in demand among traders.
Analytical materials for platform users
On the website of the brokerage firm, you can find analytics and other useful materials. The company offers to undergo training, which consists of comprehending technical and fundamental analysis, familiarization with the psychology of the market, money management. Analytical materials include weekly and daily reviews from Olymp Trade specialists. The client can get acquainted with the opinion of professionals, and then compare it with his own forecasts.
The exchange intermediary invites the reader to familiarize himself with the platform news. He talks about the implementation of innovations, gives advice on the correct use of the trading system. The company maintains pages on social networks. To study in detail the activities of an international intermediary, a trader can go to special groups.
Can Olymp Trade be trusted? How does a broker work?
The vast majority of customer messages contain complaints about company employees. The broker is often accused of fraudulent activities, price spoofing and problems with transactions. Some traders transferred large amounts to brokerage accounts, but this money was not even reflected in their personal account.
Apparently, the firm is stealing client funds without performing any trading operations.
The olymptrade.com website looks quite stylish and neat, but it contains a minimum of useful information about Olymp Trade. The official website tells about the advantages of the broker itself and its platform, assures the potential client of great prospects for cooperation. At the same time, it will be difficult for the reader to find specific trading conditions. The firm focuses on empty promises, but makes no guarantees. She omits important nuances of the trading process, and therefore resembles an ordinary fraudster.
