I would not advise olimp.. Olymp Trade

Olymp Trade

Total reviews 301

1 complaint

3.9

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olymptrade.com

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Company Review Olymp Trade

8 May 2019 at 15:52

1.5

Rate your review 0
0

Service
60%
Personnel
20%
Quality
20%
Cost
20%

I would not advise olimp trader! I...

I would not advise olimp trader! I traded on a demo account with fx, multiplied the depo in 2 weeks. I thought that all my strategy was working. I recharged my account for $100, I traded using the same strategy. And what do you think… I poured everything in 4 days, and I respected money and risk management. Quotes at the last second closed in the negative. Very negative feedback from this broker. I am also suspicious that when you deposit the account the broker charges up to 50% bonuses (as if saying that you are going to sell this money anyway). Imagine depositing $5000 and receiving $2500 bonus and you end up with $750 on your account. I think if the broker wouldn’t drain the deposit, they wouldn’t give such a bonus for anything in life. (It’s very logical). Maybe I was unlucky, I don’t know. But in general I don’t recommend this broker.

1 answer
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- Olymp Trade Alfred 13 May 2019 at 17:27
  
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  Hello Alfred!
  
  We’re sorry that you have a negative impression of working on our platform.
  Welcome bonuses, discounts – a common practice for most companies, you agree. In our case – it is a kind of “safety cushion”. It gives new traders a chance to learn before making risky deals because we want our traders to be successful!
  
  Like any other business, trading on the financial market requires knowledge and practice. You must apply a certain strategy based on the situation you see on the chart and only after a careful analysis of the price movement.
  
  Try to analyze your transactions, both successful and unsuccessful, to identify patterns. If you have any questions, feel free to contact us – we are always happy to help!
  
  Regards, Olymp Trade CIS team.
  
  Answer

More honest opinions from real people about the company Olymp Trade

Malik Swaminathan 2 weeks ago
4.8
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0
Thoughts about broker
The broker is great and pretty reliable. I could trade anywhere and anything. There are currency pairs, stocks and both of them are available in fixed time mode. In fixed mode profit can reach 80% and more. For many traders it may be something new and I think there is no reason to be afraid of that.You... Read more
Andrea Alma 3 weeks ago
4.8
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0
Olymp Trade review
I've been working with these guys for a couple of years already, or maybe a year and a half, I ain't remember correctly, you know, household chores and children makes me forget about everything 😅 but for this period I have acquired certain skills with this broker. it has nice selection of trading modes... Read more
guilherme 4 weeks ago
4.3
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0
0
decent customer support
I was flabbergasted when I installed their trading app and opened it for the first time. It felt like I was starting to trade all over again. It took me some time to get comfortable. Luckily they have videos explaining the app’s helpful features. Also an excellent FAQ section. The chat feature is great... Read more

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Alfred

on the site 4 of the year

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Company review statistics for Olymp Trade

3.9

302 reviews

85%15%

Service

79%

Personnel

78%

Quality

77%

Cost

77%

The company in the ratings

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BBinary options brokers

7/42

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I would not advise olimp trader! I...

More honest opinions from real people about the company Olymp Trade

Thoughts about broker

Olymp Trade review

decent customer support