Is Olymp Trade scam? Should you make money on Olymp Trade? Is Olymp Trade an opportunity to make money for me?… This article will answer your question as much before you start trading on Olymp Trade. We will help you know how Olymp Trade works to answer the main question that is Olymp Trade fraud?
First of all, about myself, I am a financial analyst working in Singapore, so I have been accessed by almost all foreign currency brokers around the world. You may not now believe in me, but what I wrote was my experiences after researching and trading on Olymp Trade. After a long time of expertise and becoming successful. Hopefully, my knowledge will help society through traderrr.com.
- 1 Is Olymp Trade a scam?
- 2 Why is there an opinion that the Olymp Trade platform is a scam?
- 3 Is trading on Olymp Trade legal or not?
- 4 The reputation of Olymp Trade platform is very high
- 5 The relationship between the banker and the player
- 6 So, where is the profit of the banker?
Is Olymp Trade a scam?
If you have learned about trading in financial markets, you must be familiar with both Fixed Time Trade and Forex trading. Olymp Trade is a broker operating mainly on these two types of transactions.
So, does Olymp Trade simply trick you into making a deposit? The answer is NO. Investors will not allow risking their money based on pleasure or excitement. They will analyze asset fluctuation and choose profitable deals. This job will take time for investors to research carefully.
And according to statistics(*), on average, two months after start trading, investors will begin to regain profitability steadily. During this period, if they find problems caused by Olymp Trade, they will send a complaint to the World Financial Commission.
*This statistic is aggregated based on new traders but is well prepared for a long time.
The thought of Olymp Trade fraud? It only exists in the mindset of young investors, rushing to deposit money without the knowledge of currency trading.
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Why is there an opinion that the Olymp Trade platform is a scam?
Most come from forums that investors often use. For some reason, 90% of the basis for this opinion spread from users using third-party software that interferes with the system. Most orders placed through the Bot (Automated Analyzers) are usually easy to recognize. In that way, Olymp Trade put them on the list of users who have fraudulent problems and detained their money to investigate. The investigation time can be prolonged because of frustration, so the player tells people that Olymp Trade is a scam.
With 8% of the users unable to win orders, losses in a long-time. It becomes more and more frustrating to speak badly everywhere.
And the remaining 1% happens by having problems with the funds withdrawn to the wallet. The time may be short, more extended depending on the time of the incident, and you can not know the cause. The investors may be so angry, word of mouth that Olymp Trade tries to hold their money will soonly spread. As you know, the money flow between countries that may not even be taxable, so the money transfer can be a bit complicated.
Is trading on Olymp Trade legal or not?
As I said above, if you have research on Fixed Time Trade and Forex, you also know this is a type of commodity trading, which they are bought at low prices and sold at high rates will generate profits. The only difference is that they are trading online.
Participation in trading financial assets is allowed in any developed country. If you want to increase your savings, just join this field. You must choose a reliable broker to get a comfortable trading environment. It doesn’t matter what type of trading you like. Even if you decide to focus on selling, it is not a gamble.
Certifications are the hallmark of a trading platform’s reliability. The International Finance Commission certified the Olymp Trade platform in 2016, which shows the platform’s high-quality standards. Besides, the quality of the broker transactions has been confirmed by a reputable independent service called Verify My Trade.
The reputation of Olymp Trade platform is very high
World ranking by Alexa.com
In the age of the internet, any website has its ranking. And it all depends on the amount of user traffic, of course, there are some other standards but it’s the main reason. Olymp Trade is one of the currency markets with massive traffic and high rankings on the world ranking. You can check it by visiting https://www.alexa.com/siteinfo/olymptrade.com and viewing the indicators of the Olymp Trade trading platform. The current ranking of Olymp Trade worldwide is about 1000.
Check Olymp Trade’s traffic on Hypestat.com
Where does the access come? Which countries? Indeed, with 18 languages supported, the truck must be from those 18 countries. But those primary services are mostly English, so there will undoubtedly be more countries around the world using theme. You can use Hypestat.com, a free website to review any website.
With Hypestat.com you can check the traffic of any website, you can see where that traffic is coming. So, visit https://hypestat.com/info/olymptrade.com to view information on the Olymp Trade platform.
As you have just checked, if you do not join Olymp Trade, there are still about 3 million people every day joining this platform. You can switch to another market if you are not assured. However, in my opinion, the markets are the same, except for the interface and support tools.
Olymp Trade is a member of FinancialCommission
Olymp Trade has been a member of the International Financial Commission (Financial Commission) since 2016. The main objective of this organization is to protect the rights of traders—another reason why Olymp Trade will not be a scam financial institution.
Earning huge profits could not put you at a disadvantage. Olymp Trade is concerned about both the high activity level and the success of clients. It’s often confirmed by posts published in the company’s traders community forums. If you have a problem, which suspected to be caused by Olymp Trade, you can submit a complaint to https://financialcommission.org/olymp-trade/ to claim benefits.
The relationship between the banker and the player
It is not difficult for you to feel that Olymp Trade is like gambling; it must have a trick but not. Assuming Olymp Trade is a Banker, and you are the Bettor, it’s different from gambling with:
- Users are allowed to see the view in detail.
- There are also support tools for chart analysis.
- Make sure you carefully read the terms and then proceed to agree to deposit for trading.
- You can trade indefinitely on the trading platform with the Demo account.
- Always have one support staff.
- There is a financial advisor.
Platform’s staff will always actively support you in making profits. They will never trick you.
So, where is the profit of the banker?
Most professional bankers don’t use tricks to deceive you. Their money comes from the most basic rules. It is your greed, you win a lot, but once desire arises inside, you will lose everything. When you drown in the volatility of your trades, you can lose everything with the wrong order. So to win the banker, you need to keep a cool head and maintain your principles.