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Olympus

Vanuatu|5-10 years|
Suspicious Scope of Business|High potential risk|

https://www.olympusmarkets.com/

Website

Rating Index

Contact

+74992131726
support@olympusmarkets.com
https://www.olympusmarkets.com/
https://www.facebook.com/OlympusMarketsVerified/

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

Disclosure

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Danger

MY SCM
2020-01-01

Warning

SG MAS
2019-07-01

Contact number

Russian

+74992131726

German

+60392121729

Other ways of contact

Broker Information

More

Company Name

Olympus Markets

Abbreviation

Olympus

Platform registered country and region

Vanuatu

Company website
X
Facebook

Pyramid scheme complaint

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Check whenever you want

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Warning: Low score, please stay away!
Previous Detection : 2024-11-22
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Olympus · WikiFX Survey

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Olympus · Company Summary

Note: Olympus' official website: https://www.olympusmarkets.com/ is currently inaccessible normally.

Olympus Review Summary
Founded2018
Registered Country/RegionVanuatu
RegulationNot regulated
Market InstrumentsForex
Demo Account
Leverage1:5
SpreadFrom 0.1 pips
Trading PlatformWeb-based platform
Min Deposit$250
Customer SupportEmail: 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 serviceLimited 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.

Is Olympus Legit?
Is Olympus Legit?

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.

Trading platform

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.

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