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Olympus Markets Review
Traders Rating7 Votes1.7
Website: https://www.olympusmarkets.com
Address: PO BOX 1276, Port Vila, Vanuatu
Phone: +60392121729 +35227872532 +74992131726
Company: Next Trade Ltd / Marketing Ltd
Company Address: Suhata Reka 117/3, Sofia 1517, Bulgaria
Regulation: Not Regulated
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Olympus Markets Rating
Olympus Markets Warning
Olympus Markets is a Non-Licensed offshore broker! Your funds are not safe. We are not going to recommend Olympus Markets
Have You Been Scammed by Olympus Markets?

 

Olympus Markets. Are they safe to use?

 

Many traders have questions about Olympus Markets. They aren’t sure if this is brokers that they can use safely and without any problems. This is because there are many brokers online that aren’t recommended and that are really not safe to use. But, are Olympus Markets one of them?

With our research, we found that they are in fact not safe to use. There are many irregularities that traders should know about. This is everything you need to know about Olympus Markets. This will prove that they aren’t recommended and safe to use.

  get_help_experts

 

Broker info

 

Olympus Markets are situated in Vanuatu. Making them offshore brokers. The first sign that they are risky to use. They are known as forex and CFD brokers and offers a huge selection of assets to trade.

They do give a valid address, telephone number, and email address. However, just because they have a valid address, it doesn’t mean that they are now legit to use. In fact, this is one of a few things that you should look at before you can decide that this is brokers that are safe to use.

 

Registration and Regulation info

 

Here you need to be careful. They are claiming to be registered to a company called Next Trade Ltd / Marketing Ltd. However, this is an offshore company and not valid as an international company for registering brokers. There isn’t much info about this company online. This means that Olympus Markets are registered, but not internationally.

The other thing that you should know about these brokers, is that they aren’t regulated. Meaning that there isn’t anyone that is making sure that they are staying above board and doing everything legally. They can change their terms and conditions without warning and can cancel or block any account as they please.

 

Account and minimum required a deposit

 

Olympus Markets do offer a couple of accounts that you can choose from. There are five in total. The problem that we have with these account options is that there aren’t any explanations about the different accounts, and what they have to offer. Making it hard to know exactly what account to choose.

What is making it even harder, is the fact that with only one account there is information about the minimum required a deposit. With the Jade account, the minimum required a deposit is $250. This is higher than with the other brokers. But this is the only amount that we could find. There isn’t any other information about the deposit with the other four accounts.

 

Don’t use one of the top platforms on the market

 

Every trader knows that the platform that the brokers are using is really important. The better and more trustworthy the platforms the better results you are going to get. With Olympus Markets, they don’t use any of the trustworthy and known platforms. They are using their own online platform.

This means that not only don’t you know how the platform is working, you will also not know how accurate and trustworthy the platform will be.

 

Unusual withdrawal and other fees

 

This is something serious that you need to know about. With any broker, there are some fees that you need to pay. However, these fees are standard and not really much per transaction.

With Olympus Markets, they don’t have just additional fees that can make using them risky, but they also have withdrawal fees for each withdrawal that you make. Meaning that you are going to spend a lot of money on fees and might not get much profit at the end of the day.

 

Olympus Markets Traders reviews

 

With reading some traders reviews, we found that there are some problems that were reported by traders. Traders that have used Olympus Markets are giving bad reviews and warn other traders not to use them.

It is important to make sure that you know what other traders are thinking about a broker before you just start using them. And, in this case, the reviews aren’t really positive.

 

What are regulators saying about Olympus Markets?

 

This is the most important thing that you need to know about brokers before you are making any commitments. What are regulators and other professionals saying about this broker?

They don’t recommend traders to make use of Olympus Markets. This is mostly because of the registration of the brokers, and the fact that the brokers are offshore. They aren’t regulated, so these brokers can do anything, even illegal without having any consequences. There isn’t anyone that is making sure that they aren’t doing illegal things.

Olympus Markets aren’t recommended, brokers. There are many reasons why these brokers should not be used by traders. There are too many irregularities about their terms and conditions. And, there are many problems reported by traders. So, it is much better and safer to use brokers that are recommended, but that are also registered internationally and regulated. Then, you will know that you are using a legit broker.

 

 

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Online Trading Scams / 13 Responses / by

Post Author: ScamRecovery

13 thoughts on “Olympus Markets Review

  • Donovan Meintjes

    (May 13, 2019 - 6:38 pm)

    We were scammed not only by one “company” but by eleven (11). All of them made big promises and sounded so honest. We never saw any profits and were NOT allowed to withdraw our money. Two weeks ago, before we even started to “trade” all the money disappeared. The following day we received an email telling us that this is a “margin call” and that we have to invest more money.

  • Tee

    (May 23, 2019 - 9:36 am)

    I’m still shocked that I been scammed my Olympus the account manager would call me everyday text me on WhatsApp I was 100 % it was legit I even told him the real reason for my trading I was trying to raise funds for my daughters medical bill Nick would pretend to be in sympathy with me knowing very well that his one of the cruel ,heartless person on the earth as he would keep on telling me to top up my investment so I can get more profit my gut told me not nd I saved my self because I would be drowning in debt ,it happend my daughter pass on . I.told him I would. Like to withdraw coz the profit I made will.help me with the preparations that was the last day I spoke to him he would my ignore text, ignore my calls up to the point that he blocked me on WhatsApp nd the support center dnt even bother to answer my email

  • Awie Swart

    (May 27, 2019 - 10:53 pm)

    Like to know how i can get my money back.

  • Awie Swart

    (May 30, 2019 - 5:15 am)

    They scamming me Please help Awie

  • Merz

    (May 31, 2019 - 12:32 pm)

    What influence has the contact person of Olympus Markets to the clients?
    In case, this person is honest and truthworthy, then recommendations are positive.
    In case, this person is sneaky , then the recommendations are negative and claimed for scams.
    How do you estimate this issue?

  • Thandeka

    (June 1, 2019 - 6:23 am)

    I want my money back from Olympus markets, I Open an account to invest to them they promise to train or guide me how to but now they don’t call me or email. I don’t know what going on

  • Joa Badenhorst

    (July 4, 2019 - 8:02 am)

    I deposit R3,714.94 in Account: 908 516 183436
    The person name is Nicole she said that my money wil grow a lot
    Now they phone me every day to active my account, and deposit more money
    Will you please help me to get my money back

  • Norman Meyer

    (July 4, 2019 - 6:55 pm)

    I was lead to Olympusmarkets.com through a creative fake news that seemingly came from “The Toronto Star” and referred to Trudeau, Prime Minister of Canada and Stephen Colbert, re Bitcoin Era trading.?
    Fortunately the protections I have with financial institutions blocked my deposit while the Olympus help desk encouraged me to try different credit cards etc.
    Your scam reviews are helpful and protection mitigation is in place. I do wonder how much personal identity hacking is sold by Olympus to other offshore fraud operations and will be on the lookout now that this has happened.

  • karolina

    (August 28, 2019 - 5:15 pm)

    poocytez zostalam oszukana przez olimpuas

  • Arturas

    (September 1, 2019 - 10:04 am)

    Olympus markets are fraudsters. You will definitely not earn anything! You will only lose your money. Maksim Andreev is a hoaxer. The money in the deposit was mostly written off after two months. Nobody explained anything.

  • Maurice Girard

    (September 19, 2019 - 2:08 pm)

    I have been scammed for thousands of American dollars by Olympus. They are supposed to call me and return my money. They do not call back. I send them emails but they claim they do not receive it. I, for one, follow the example of Prime Minister of Canada Justin Trudeau, who went on American television to brag about bitcoins. I am afraid I will never see my money and I am on a fixed income. I should have known better at my age…

  • Adele

    (January 7, 2020 - 3:53 pm)

    They scamming me Please help.
    Very much for me.

  • Boles.

    (February 7, 2020 - 1:22 pm)

    Informuję przyszłych klientów Olympusa Markets,że moje wpłata 250USD została wyzerowana po trzech miesiącach.

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