• Review about Olymp Trade
    1.5
    Rate the review 0
    0
    Ease of trading
    40%
    Withdrawal speed
    20%
    Payout Percentage
    20%
    Customer Service
    40%

    I've been trading on the Olympus VIP...

    I’ve been trading on the Olympus VIP account for about a year, but not very successfully, and I left after my colleague at Olympus, was not paid the second profit with the following wording
    — «Dear Customer!
    We would like to notify you that an inspection is currently taking place in our company in connection with strengthening of control over compliance by traders.

    While checking the operations of your account, we found a violation of paragraph 1.4.3 Service Agreements, namely:
    «The client will not use the technical features of the update of the quotes flow in the trading terminal, and also will not use the software bugs, defects and vulnerabilities in the trading terminal that it has discovered for the purpose of profiting» and more

    — «8.5. If the Client violates the representations and warranties listed in clauses 1.4. 1.4, 1.4.1. — 1.4.9. of the Agreement, the Company has the right to terminate the contract, declare any transaction of the Client invalid, close one, several or all transactions of the Client at any time, at its sole discretion, terminate the provision of services to the Client with or without a refund to the Client, at its discretion.»

    That’s the kind of sneaky things that can happen You will not be able to get the money if it turns out that you are a successful trader.
    My verdict is a scam.

    • Artur Kim 18 June 2019 at 18:06
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      Yeah, that makes sense. Every company has such clauses, they want to protect themselves from hacking and other vulnerabilities. If you left Olympus, does the broker you switched to not have the same or similar clause? If not, then you definitely need to start worrying, because maybe this company is not even going to let you make a profit.
      You just need to trade normally and honestly, without using any cunning robots, etc.. - Then you won't have any problems. I have never had any problems, and I have been with Olimp for more than two years now.

    • Olymp Trade Kim 5 June 2019 at 13:51
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      Kim, hello!

      Termination of cooperation - this is an extreme measure, which the company goes to only in case of serious violations of the rules of the platform. For our part, we fulfill all obligations of the legal agreement, and we expect the same from our traders. Each user agrees with the trading rules when registering on the platform.

      If your friend is sure that there was no violation on his part, he can contact the independent claims department to appeal against the decision, the contacts of the department are in the newsletter which was sent to his mail.

      If you are trading without violating the rules of the trade, you have nothing to worry about. Remember, we are always open to dialogue and ready to answer all your questions!

      Sincerely, the team of Olymp Trade CIS.

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Reviews 3 • Complaints 0
Rating 0
0 pluses and 0 minuses
Company review statistics for Olymp Trade
3.6
195 reviews
79%21%
Ease of trading
74%
Withdrawal speed
73%
Payout Percentage
71%
Customer Service
70%
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