Olive Markets Review - Is the Broker Forex Really Safe? Is It Regulated? - WikiFX

Olive Markets Information

Olive Markets is a brokerage company located in Macedonia. Olive Markets offers more than 200 investment products, covering currency pairs, precious metals, cryptocurrencies, and so on. The platform supports multi-device usage and has an AI-assisted trading function, which can automatically identify the types of pending orders. It has three types of accounts, namely Silver, Gold, and VIP accounts, all of which provide services such as a leverage of 1:300 and technical analysis. Although it promotes fund protection measures, its regulation is questionable, and the fee information is also opaque. It is recommended that investors give priority to brokers regulated by well-known regulatory authorities.

Pros and Cons

Is Olive Markets Legit?

No, Olive Markets is not a legitimate trading platform. It is not regulated, despite its claim on the website that it holds a license from GLOFSA. Its unregulated status makes it doubtful that the company has established independent bank accounts and set up a compensation insurance fund of up to $200,000 to safeguard investors' deposits.

What Can I Trade in Olive Markets?

Olive Markets offers a diverse range of trading instruments to suit every investor. Trade currency pairs across global markets, hedge with precious metals like gold and silver, or capitalize on commodities such as oil and corn. Dive into cryptocurrencies for high volatility opportunities, invest in global stocks, or track broader trends with indices. With competitive pricing and fast execution, Olive Markets empowers traders in any market condition.

Account Type

Olive Markets offers various account types to match every traders needs. The Silver Account is perfect for beginners, featuring 1:300 leverage, market analysis, and 24/7 Turkish support. The Gold Account enhances the experience for seasoned traders with premium benefits. For elite investors, the VIP Account delivers exclusive campaigns and personalized services. Whether you're starting or scaling up, Olive Markets provides the right tools for success.

Olive Markets Fees

The platform does not provide comprehensive fee information. There is no clear indication of transaction fees, deposit and withdrawal fees, or any other potential fees. The lack of transparency in fee information is a concern regarding trading costs and potential profits.

Leverage

All account types on Olive Markets offer a leverage of 1:300. While it can amplify potential profits, it also increases the risk of losses, as any adverse price movement will have a magnified impact on the trader's account.

Trading Platform

The Olive Markets trading platform supports Android/iOS/Windows applications. Additionally, users can directly utilize the Web Trader function through browsers such as Chrome and Safari without the need for downloading. Equipped with AI technology, it can automatically identify various types of pending order types (such as buy limit orders, sell limit orders, etc.), assisting traders in managing orders, analyzing data, and monitoring investment portfolios of multiple products.