Note: OLIMPOTRADER's official site - https://www.olimpotrader.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
What Is OLIMPOTRADER？
OLIMPOTRADER, registered in the United States, operates without regulation. The company's website is inactive, and it does not have a presence on social media either.
Pros & Cons
Pros:
Cons:
No Regulation: The lack of regulation raises concerns about the reliability and accountability of OLIMPOTRADER as a brokerage firm.
Dead Website: The inactive website suggests a lack of maintenance or support, which indicates a lack of transparency or professionalism.
Is OLIMPOTRADER Safe or Scam？
Regulatory Sight: OLIMPOTRADERis currently operating without regulatory oversight, which means it does not fall under the jurisdiction or supervision of any financial regulatory bodies. It also does not hold any licenses that would enable it to conduct its operations in the financial market. This lack of regulation poses numerous risks to investors, such as a lack of transparency, security concerns, and no guarantee of adherence to industry standards and practices.
Issues Reported: The reported issues include users experiencing difficulties withdrawing funds from their accounts, leading to financial losses. Additionally, there are concerns about the collapse of the company, resulting in users being unable to access their deposited funds.
Market Instruments
OLIMPOTRADER offers a range of market instruments including Forex, Commodities, Stocks, CFDs (Contracts for Difference), and Cryptocurrencies. These instruments provide traders with diverse options for investment across different asset classes, allowing them to capitalize on various market opportunities.
Account Types
Bronze Account:
Minimum deposit: $250
Basic account type suitable for novice traders or those looking to start with a smaller investment.
Silver Account:
Minimum deposit: $2,500
The intermediate account tier offers enhanced features and benefits compared to the Bronze Account.
Gold Account:
Minimum deposit: $10,000
Advanced account option with premium features tailored for experienced traders.
Diamond Account:
Minimum deposit: $25,000
Top-tier accounts provide exclusive benefits and VIP treatment for high-net-worth investors.
Leverage
OLIMPOTRADER offers different leverage standards for clients based on the type of account they hold, ranging from 1:400-1:1000. The Diamond account, for instance, provides a maximum leverage of 1:1000, which sounds very unrealistic and risky. Users should be cautious about this high leverage.
Customer Support
The customer support of OLIMPOTRADER includes telephone support accessible at +1 (888) 346 4069 and email support via info@olimpotrader.com. It has no presence on social media, no website available and no physical address provided.
Conclusion
OLIMPOTRADER is operating without regulatory oversight. Due to their website being non-functional and the scarcity of information online, potential investors should be more cautious. We do not recommend users to trade with this broker.
Frequently Asked Questions (FAQs)
Q: Is OLIMPOTRADER regulated or not？
A: No, it is not regulated.
Q: What is the maximum leverage OLIMPOTRADER can provide？
A: The maximum leverage it can provide is 1:1000.
Q: What is the minimum deposit to open an account on OLIMPOTRADER？
A: The minimum deposit required is $250.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
2024-08-07 12:05
2024-03-29 10:00
