Olymp Trade Review Broker Review 2019: Is it a Scam?

Posted by sunuzoyudi on December 23rd, 2018

https://www.smartearningbd.com/olymp-trade-review-broker-review-2019-is-it-a-scam/

Olymp Trade is a well known online broker that offers trading on currency pairs, cryptocurrency, stocks, indices, and commodities. The company can be reached at email support-en@olymptrade.com, live chat, and several phone numbers. The registration address is available in the User Agreement.

The Olymp Trade platform is certified by the international Financial Commission (FinaCom) as a category A member. The Financial Commission provides for the traders’ protection by its fund for up to $ 20,000 per case if a dispute between a trader and a broker is resolved in favor of the trader (under the conditions established by FinaCom).

Is Olymp Trade a Scam?
On 2016, Olymp Trade became a member of the FinaCom, which has the role of providing “its customers with a neutral 3rd party mediator to help resolve complaints in cases of disputes where customers are unable to come to an agreement with their broker.”

The question is whether these third-party regulators can really provide Olymp Trade’s clients with a safety similar to what CySEC can? I really doubt it, but that doesn’t mean that Olymp Trade is a scam. Caution is recommended as always in the trading business. More

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sunuzoyudi
Joined: December 23rd, 2018
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