Page 1 of 2 12 LastLast
Results 1 to 10 of 20
  1. #1
    Rookie Member OLYMP TRADE's Avatar

    Olymp Trade – a scam or a good earning opportunity? !!!

    Olymp Trade broker – is a relatively young company, founded in 2014. It is a subsidiary of Smartex International Ltd (Seychelles) and Frandom Holding Ltd (Cyprus). Olymp Trade activities are certified by FMRRC, which is the evidence and guarantee of the broker’s compliance with the Russian legislation.

    One of the key advantages of the broker is the availability of a demo account immediately after the registration, which is not common. Usually, a demo account can be opened only after the replenishment of a real account for a considerable amount. Both demo and real accounts allow to cancel the transaction before it is completed with a refund of up to 60% of the transaction amount.

    Another important advantage of Olymp Trade is 24/7 technical support. You can get a consultation in any convenient way: by mobile or fixed phone, in online chat or by email. From the foregoing one can make an unambiguous conclusion that Olymp Trade is not a scam, but a solid company which can be trusted. By the way, the broker does not take a commission for the withdrawal of money, while you can withdraw the earnings of up to 3,000 rubles even without verification of documents.

    Olymp Trade trading platform is maximally adapted for those who make their first steps in the world of binary options. At your first log the system will tell you how to work with it in the form of convenient interactive prompts. And for those who really want to learn how to trade binary options, there is an entire tutorial section. The disadvantages of the broker include perhaps a relatively small list of tools for trade, but there are all the most popular financial assets here.

    Olymp Trade trading conditions

    Financial assets
    • Around 20 tools: сurrency pairs;
    • commodities (silver, gold, oil)


    Trading platform software
    Developed on the basis of the Japanese system Spotoption
    • Minimum deposit $10 - €10
    • Maximum single-stage investment $200 / €200


    Trading signals and Analytics (free)

    Training interactive course with video tutorials and webinars.

    More than 90% of the reviews about Olymp Trade on the web are positive, which proves the high reliability of the broker. However, you can also find solitary comments of those who are not satisfied with the work of the company. Let’s try to understand their essence. Most of all, the assumed disadvantages of Olymp Trade broker include delays in transaction opening on real accounts. In fact, this nuance is reflected in the rules – the delay can be up to 5 seconds. Severity for such delays is rather high only with the high volatility of the market and the use of strategies on the basis of frequent and fast transactions. Therefore, those traders who prefer such trading approach should be maximally accurate in transactions on real accounts.

  2. Thanks Den98 thanked this post
  3. #2
    Veteran Member randy1953's Avatar
    By the way, the broker does not take a commission for the withdrawal of money, while you can withdraw the earnings of up to 3,000 rubles even without verification of documents.

    scam!!!!!

    never trust a broker that requires no verification from their clients even if its a withdrawal
    3000 rubies equals around $45 US
    Last edited by randy1953; 12-02-2015 at 06:14 AM.

  4. #3
    Legendry Member Okane's Avatar
    I found the certificate:
    http://en.crofr.net/index.php?page=s...ernational_ltd

    However, "the Financial Markets Regulation Center has no legal powers to regulate its members. The greatest power that this organization has is to revoke the membership of those who have opted to become certified by the organization."

    and furthermore: "The FMRRC (Financial Market Regulations Center) is a non-commercial organization that was created in order to provide regulation to certain Russian derivative dealers and brokers. However the FMRRC is not a governmental regulatory body"

    Read more here:
    https://myfxbrokerreviews.wordpress....lation-center/

    Simply put, they paid to get a certificate from some website.
    Live Webinar: Hidden Content
    Join My Skype Group: Hidden Content

  5. #4
    Rookie Member OLYMP TRADE's Avatar
    Quote Originally Posted by Okane View Post
    I found the certificate:
    http://en.crofr.net/index.php?page=s...ernational_ltd

    However, "the Financial Markets Regulation Center has no legal powers to regulate its members. The greatest power that this organization has is to revoke the membership of those who have opted to become certified by the organization."

    and furthermore: "The FMRRC (Financial Market Regulations Center) is a non-commercial organization that was created in order to provide regulation to certain Russian derivative dealers and brokers. However the FMRRC is not a governmental regulatory body"

    Read more here:
    https://myfxbrokerreviews.wordpress....lation-center/

    Simply put, they paid to get a certificate from some website.
    If a broker company operates in Russia and the CIS countries, respectively, customers are the inhabitants of these regions, the regulatory body of the activity is "FMRRC." Center of regulation of relations in Financial Markets - a non-profit organization that was created to control the level of service on the part of brokers and dealing centers.
    Last edited by OLYMP TRADE; 07-07-2016 at 08:28 AM.

  6. #5
    Rookie Member OLYMP TRADE's Avatar
    Quote Originally Posted by randy1953 View Post
    By the way, the broker does not take a commission for the withdrawal of money, while you can withdraw the earnings of up to 3,000 rubles even without verification of documents.

    scam!!!!!

    never trust a broker that requires no verification from their clients even if its a withdrawal
    3000 rubies equals around $45 US
    Because the agreement with the payment systems and payment gateways allows us to minimize the size of the Commission of the withdrawal of funds.

  7. #6
    Veteran Member randy1953's Avatar
    Quote Originally Posted by OLYMP TRADE View Post
    Because the agreement with the payment systems and payment gateways allows us to minimize the size of the Commission of the withdrawal of funds.
    That is not the issue you miss the point. If any broker does not verify the clients accounts with the proper documents they should not be trusted. The reason is obvious and has nothing to do with commissions.

  8. #7
    Legendry Member Michael Hodges's Avatar
    Quote Originally Posted by randy1953 View Post
    That is not the issue you miss the point. If any broker does not verify the clients accounts with the proper documents they should not be trusted. The reason is obvious and has nothing to do with commissions.
    indeed, there are aml and kyc laws for a reason, as much for us to trust the broker as for them to trust us, and most importantly, for big brother to not get the idea any of us are doing anything shady.

  9. #8
    Rookie Member OLYMP TRADE's Avatar
    To the attention of traders!
    Following the successful certification of its trading technology, based on the rigorous process of evaluating comprehensive technical information requirements, and approval of its application by the FinaCom PLC’s board, Olymp Trade status as an official member of the Financial Commission took effect on February 22, 2016.

  10. #9
    Legendry Member Michael Hodges's Avatar
    what is FinaCom and what is the financial commission, and why is this important to us?

  11. #10
    Rookie Member OLYMP TRADE's Avatar
    Quote Originally Posted by Michael Hodges View Post
    what is FinaCom and what is the financial commission, and why is this important to us?
    The Financial Commission is an external dispute resolution (EDR) organization for consumers/traders who are unable to resolve disputes with financial services providers that are members of the Financial Commission.

    This is important news for our traders because the Financial Commission set out to provide a new approach for traders and brokers alike to resolve any issues that arise in the course of trading the Forex market. The Financial Commission hears a wide variety of disputes of all monetary values. We guarantee the protection of the interests of our traders, thus providing a platform for balanced and fair consideration of disputes.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
3