Olympus Markets is an offshore Foreign exchange CFD buying and selling Forex Brokerage agency, that opened in November 2018.
For withdrawal points and complaints, learn this.
Olympus Markets is NOT Authorised by FCA or ASIC
Have a look at the Greatest Foreign exchange Brokers
Olympus Markets Critiques
Our review of Olympus Markets exhibits that they provide purchasers and traders, an internet based mostly buying and selling platform made by TraderSoft. This buying and selling software program has CFD buying and selling, Crypto Forex, and Simplified Foreign currency trading, out there on a whole lot of underlying belongings within the markets of Foreign exchange, Shares, Commodities and Market Indices.
As with many Foreign exchange Forex Brokers, the distinction is the extent of leverage supplied on the assorted underlying belongings. Bitcoin CFD buying and selling is obtainable for instance, at a 1:10 leverage with spreads of $135. This Forex Broker doesn’t provide MT5 or cell apps, you possibly can solely use their net based mostly buying and selling software program.
Olympus presents you 5 totally different account sorts, however fails to say what the required minimal deposit it. As a substitute they’re selling their “Welcome Bonus”, which ranges from 40% – 100%. The issue with a welcome bonus, is that you just cash can be locked till you fulfill the minimal buying and selling quantity requirement. That is in all probability the quantity purpose for complaints, learn extra.
Rip-off Buying and selling Robots
You’ll lose your cash, should you use the buying and selling robotic which created your buying and selling account.
As a substitute, go have a look at an actual buying and selling algorithm, see right here.
Is Olympus Markets Regulated
Technically talking, OlympusMarkets has a license in Vanuatu. The VFSC Forex Brokerage agency license isn’t actually price a lot, because it presents no safety for traders.
Olympus Markets is owned and operated by: Subsequent Commerce Ltd, which is situated at: PO BOX 1276 Port Vila, Vanuatu. Nevertheless, their fee supplier is: R S Advertising and marketing Ltd, which is situated at: Suhata Reka 117/three Sofia 1517 Bulgaria. Contact telephone quantity is in Malaysia at: +60392121729. Buyer help electronic mail is: [email protected], and the official web site is: https://olympusmarkets.com/.
The way in which that the Rip-off Broker Investigator critiques a Foreign exchange Forex Broker to know if they’re respectable or a scam, is by checking for an area monetary license. Buyers in Australia all the time make investments at an ASIC regulated Forex Broker, whereas traders in England solely make the most of an FCA regulated agency.
Good merchants all the time confirm that the Forex Broker they’ll make investments with, can also be licensed of their native nation. You will discover a listing of all the favored Foreign exchange Forex Brokers right here.
Evaluate Olympus Markets
Australian traders have many Forex Brokers to select from, that are licensed and controlled by ASIC Australia.
ForTrade is the primary alternative for beginner traders, as a result of they’ve a simple CFD buying and selling platform, look right here.
ForTrade has a license in Australia and England, and is now one of many quick rising on-line Forex Brokers, learn extra.
If you’re presently investing with the Forex Brokers OlympusMarkets, please share your expertise with different folks within the feedback part.