Cheat&Escape! OLYMP TRADE tricked ₦14800 out of Innocent Trader

Investor Can't Withdraw Money at OLYMPTRADE. Please Stay Away!!!

Event recap:

An investor complained to WikiFX about the forex broker OLYMPTRADE. The complainant said a woman named Aisha Muhammad, a self-claimed online trader in binary options, cryptocurrency and forex trading, contacted him via Facebook messenger. Muhammad said the company provides forex trading service. And investor can make double his or her profits after trading. Itonly takes 30 mins to get his money back from the account. Muhammad also said OLYMPTRADE was certificated and regulated by the Financial Commission based in Hong Kong and London.

Warning: According to research，“The financial Commission” is not legal regulatory department. The reason why they are illegal willbe presentedin next article.

Then, Muhammad called the investor, sent a personal info form that the investor need to fill and promised the investor can gain 40,000 naira directly from his account within 30mins after depositing10,000 naira.

Muhammad also sent photos to the investor, showing how they were busy with

trading. However, after depositing the investor was immediately informed that his account had problem due to upgrade, and they kept calling investor to pay the extra 11,800 naira before receiving all his payment of 88,200 naira. Beside this, investor already investment 14,800 naira to OLYMPTRADE .

Here are all the promotional tricks you can choose below from OLYMPTRADE.

5k to 15k

10k to 40k

15k to 70k

20k to 80k

30k to 100

50k to 120k

70k to 200k

90k to 220k

100k to 300k

200k to 500k

500k to 750k

650k to 1 million

Warning: If a forex brokertells you that they can guarantee returns, it can directly show that they have a problem, because guaranteed returns are inherently illegal in forexindustry.

The investor finally realized that this was a huge scam.

When the investor doubted whether OLYMPTRADE was an illegal broker, they denied.

Per checking WikiFX App, OLYMPTRADE has a poor rating of 1.22, and the broker currently has no valid regulation, bearing great risks. The broker is currently active on large social network such as Telegram and Facebook, please stay away!

OlympTraderating on the WikiFX App

If you have no idea of choosing forex broker or are afraid of being defrauded by illegal broker when you are going to trading, you can download the WikiFX APP to check whether a forex broker has license or not , and expose its fraud behavior. WikiFX will help you recover the loss.

So far, WikiFX has collected 16,000 forex brokers and recovered 437 million US dollars of victims. If you have been defrauded, please contact us by the WikiFX APP.

According to research., The Nigerian market has poor regulatory environment. If you do not want to lose money, please check whether the forex broker is regulated or not. Below are some of the famous regulators in the world:

1. UK Financial Conduct Authority (FCA),

2. American Commodity Futures Trading Commission (CFTC),

3. Australian Securities and Investment Commission (ASIC),.

4. Swiss Financial Market Regulatory Authority (FINMA),

5. German Federal Financial Regulatory Authority (BaFin),

6. Japan Financial Services Agency (FSA),

7. Hong Kong Securities and Futures Inspection Commission (SFC).

Furthermore: There are 6 more scam cases already posted on the WikiFX App.

Please see as below:

Worrying about meeting scam platforms and there is no place to complain？

Please download WikiFX APP from below links or scam code ：

iosAppStore： https://apps.apple.com/us/app/fxeye/id1402501387？l=zh&ls=1

Googleplay:https://play.google.com/store/apps/details？id=com.foreigncurrency.internationalfxeye

Want to know more about Forexsecurity？Add WikiFX.NG official social media to keep up with the trend!!

Facebook:

https://www.facebook.com/Wikifxng-100222921591879/

Want to know more about foreign exchange security？

If you have any questions, please feel free to contact us at wikifx@wikifx.com

The following is the process of how to use app:

1: Download WikiFX

You can download the app on Google Play or Apple Store for free.

2: Register to be a WikiFX member

Enter your phone number and verification code.

3: Select Language and your area

4:Find “Exposure” section on Homepage

5:Edit post and release

Click the edit icon and choose either type of reason you wanna expose. Then, select the broker you wanna expose, edit your scammed experience and release it.