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Olymp Trade -

Score

1.39 /10
Danger

Olymp Trade

Saint Vincent and the Grenadines

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://official.olymptrade-my.com/lands/LPL60-01-03/index.html

Influence

D

Add brokers

Comparison

Quantity 1

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index6.11

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

Danger

ID BAPPEBTI
2022-02-02
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E​xness

Danger

MY SCM
2018-01-01
INVESTOR ALERT LIST
Olymp Trade
Olymptrade

Broker Information

More

Company Name

Saledo Global LLC

Company Abbreviation

Olymp Trade

Platform registered country and region

Saint Vincent and the Grenadines

Company website

X

Facebook

Instagram

YouTube

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 2
Previous Detection : 2025-06-10
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Exposure

1 pieces of exposure in total
Pyramid scheme complaint
Expose
Olymp Trade · Company summary
Olymp Trade Review Summary
Founded2021
Registered Country/RegionSaint Vincent and the Grenadines
RegulationNo regulation
Market InstrumentsForex, Stocks
Demo Account✅
Leverage/
Spread/
Trading PlatformProprietary trading platform
Minimum Deposit/
Customer Support24/7 Live Chat

Olymp Trade Information

Olymp Trade is an unregulated broker offering Forex, Fixed Time trades, and Stocks. It provides a free $10,000 demo account, charges no commissions, and features a proprietary trading platform.

Olymp Trade's homepage

Pros and Cons

Pros Cons
  • Free demo account with $10,000
  • Lack of regulation
  • No commissions
  • Limited information on trading conditions

Is Olymp Trade Legit?

Olymp Trade is an unregulated broker. The WHOIS search shows the domain olymptrade-my.com was registered on January 29, 2021. Its present state is “client transfer prohibited,” which indicates the domain is locked and cannot be moved to another registrar.

No license
Domain information

What Can I Trade on Olymp Trade?

Olymp Trade offers trading in Fixed Time trades (starting from 1 minute with a fixed rate of return), Forex (with no spreads and extended trade settings), and Stocks (for long-term investments, including major companies like Apple and AMD).

Tradable Instruments Supported
Forex✔
Stocks✔
Commodities❌
Indices❌
Cryptocurrencies❌
Bonds❌
Options❌
ETFs❌
What Can I Trade on Olymp Trade?

Demo Account

Olymp Trade offers a free demo account with $10,000 for risk-free learning, and also provides access to ready-to-go trading strategies developed by professionals to help increase efficiency.

Demo account

Olymp Trade Fees

Olymp Trade charges no commissions for investors.

No commissions

Trading Platform

Trading PlatformSupported Available Devices Suitable for
Proprietary trading platform✔Desktop/
MT4❌/Beginners
MT5❌/Experienced traders
Proprietary trading platform

User Reviews

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User comment

1

Comments

Write a review

ERTYU
more than one year
They are the biggest scammers. They won't give you money. I'm watching my trades live, and they're going smoothly, I'm making profits too. I got stopped out on 2 out of 5 sell trades just before it started to plummet, hitting my stop loss. My stop loss was 370 pips higher than the position indicated on the chart, but it hit it anyway. We need to address this issue!
They are the biggest scammers. They won't give you money. I'm watching my trades live, and they're going smoothly, I'm making profits too. I got stopped out on 2 out of 5 sell trades just before it started to plummet, hitting my stop loss. My stop loss was 370 pips higher than the position indicated on the chart, but it hit it anyway. We need to address this issue!
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2024-03-25 02:26
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