There are controversial reviews about the Olymp Trade broker. They are placed on various websites on the internet, and all of them contradict each other.
As for this broker, then it’s difficult to state that Olymp Trade is fake or scam. Let me explain to you why.
So, what we have. We have a broker with huge recognition in traders’ circles. It’s a fact, as many traders admit that this company is convenient and fully responds to their needs. However, at the same time, we meet many reviews that “expose” Olymp Trade’s authenticity and honesty.
If we look at these reviews, then we can notice that all of them are about the same things, like “I lost money because of this broker/It didn’t let me withdraw my funds/It took my funds” and blah blah blah.
We can conclude that these reviews are written mainly by offended traders who didn’t know how to treat the market to generate profits.
They start to accuse brokers of various issues. Suppose I can relate problems connected with funds withdrawal (sometimes there might be delays caused by the transaction processing increase). In that case, I can’t understand those who claim that they lost money because of the broker.
How can you lose money because of the broker??
You lose money because of wrong analysis, rushing, and unconscious approach. The broker shouldn’t be accused of it. It provides you with access to the platform, tons of assets and advanced technologies.
Okay, we have done with it. Now I want you to pay precise attention to my description of this company. I can objectively assess its services and give you the verdict.
OLymp Trade - Real Review :
1) First things first, regulation, licenses, certification and other “waste paper.” Olymp Trade broker is regulated by FinaCom. Everything is described on the site at the bottom. Click the “Regulation” section and read about it.
There is even instruction on how to contact the FinaCom regulator if you want to settle issues. The company has a special Compensation Fund, which was developed cohesively with the regulator. In case of any troubles, which caused financial loss, and the guilt of the broker will be proven, you can request compensation, up to 20k$ if I am not mistaken.
2) Secondly, processes of depositing and withdrawing money. This thing matters a lot for traders as they don’t like to wait. Actually, nobody wants to wait. So, there are no issues with waiting at all.
As I mentioned above, sometimes, if you wish to withdraw money via wire transfer, there might be delays. I know that delays are caused because of transaction processing on their servers. As a rule, funds are withdrawn within the time listed on the site. But if you face difficulties, then apply to your bank.
3) Thirdly, platform response and customer support politeness. Nobody likes to face rude specialists from customer support, as well as nobody likes when there are requotes during high volatility times on the platform.
Customer support representatives answer within several minutes and answer in detail. The platform is quick, and I invite you to test it out. You won’t be disenchanted, I assure you.
So, I briefly described to you the reasons which somehow, indirectly or straight, point to the broker’s authenticity, honesty and reliability.
My verdict is absolutely favorable, and it’s proven not only by words but by my personal experience cooperating with this company. Whether to trust my words or not – is up to you.
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