Score
Olympus
Vanuatu|5-10 years| https://www.olympusmarkets.com/
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Vanuatu
5-10 years Suspicious Regulatory License Suspicious Scope of Business High potential riskAccount Information
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Website
olympusmarkets.com
Server Location
United States
Website Domain Name
olympusmarkets.com
Server IP
172.67.146.100
Company Summary
Note: Olympus' official website: https://www.olympusmarkets.com/ is currently inaccessible normally.
| Olympus Review Summary | |
| Founded | 2018 |
| Registered Country/Region | Vanuatu |
| Regulation | Not regulated |
| Market Instruments | Forex |
| Demo Account | ❌ |
| Leverage | 1:5 |
| Spread | From 0.1 pips |
| Trading Platform | Web-based platform |
| Min Deposit | $250 |
| Customer Support | Email: support@olympusmarkets.com |
| Phone: +74992131726; +60392121729 | |
| Physical Address: 1 EQUITY WAY WESTLAKE, OH 44145 | |
| Twitter: https://twitter.com/OlympusMarkets | |
| Facebook: https://www.facebook.com/OlympusMarketsVerified/; https://www.facebook.com/Olympus-Markets-256832808317665/ | |
Founded in Vanuatu in 2018, Olympus is an offshore brokerage that offers a web-based platform for trading and comprehensive customer channels. However, this broker has an inaccessible website and a high minimum deposit. In addition, Olympus has been operating without any regulatory approval or licenses.
Pros and Cons
| Pros | Cons |
| Comprehensive customer service | Limited info on trading conditions |
| No regulation | |
| No demo accounts | |
| High minimum deposit |
Is Olympus Legit?
Olympus operates without any legal regulatory oversight. In addition, Italy's CONSOB has issued a warning that the broker is unlicensed and engaged in fraudulent behavior, and therefore, you should avoid cooperating with the broker.
Leverage
The leverage offered by Olympus for any of its asset classes is limited to 1:5, which is very low in the industry and results in a low rate of return. Since this broker operates without regulations, you are advised to avoid trading with it.
Trading platform
Olympus only offers a basic web-based platform that doesn't even allow for basic operations like executing orders.
However, the real issue lies in Olympus' lack of regulation. Once you deposit any funds and engage in any trading, your money will likely be scammed and you may never get it back.
Deposit and withdrawal
Olympus claims to accept credit card payments and wire transfers, but in reality, the company only supports deposit through cryptocurrency. Due to the irreversible nature of this payment method, once funds are deposited, they are likely unrecoverable.
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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