Olymp Trade — Olymp Trade fraud chart manipulation alert, guys be aware

Olymp Trade — Olymp Trade fraud chart manipulation alert, guys be aware

S smmmm Mar 28, 2023 May 10, 2024 This thread was updated on May 10, 2024

I can 100% confirm that the olymptrade manipulates the chart, at the initial period I didn't detect it, 3 times I lost and I was clearly observing the candle, in the last milliseconds it shifts to the losing position, and in a millisecond returns back to the original position again. This is clear manipulation because the candle doesn't shift instead it animates and moves up and down smoothly as per the selected timeframe. This happens when there is a milliseconds difference between your trade closing time and the trade position inside the price candle body, so it becomes harder to detect. I have attached an image that, shows the loss when I can clearly see that the trade closed at the end of the 56th millisecond, while I lost at the 55th-millisecond candle (there is clearly a 1 ms difference), this is a clear win however as per olymptrade manipulated chart this is loss. I can challenge this to any technical person from olymptrade this is clear manipulation. When the candle was at the 55th millisecond the moving cursor of the candle was at the bottom when I was observing the movement carefully and should be at the bottom at the last millisecond, however, suddenly it shifts to the top out of the blue, and then shift to the bottom without any animation to make my trade go in loss. I have researched a little more by looking up the price history of assets and is even more solid proof of price manipulation. The below data clearly shows the manipulated price at 00:57:556:179 (trade closing time), Please check the attached screenshot 00:57:55.167 - 104.9216 normal price fluctuation 00:57:55.671 - 104.9217 (+1) normal price fluctuation 00:57:56.007 - 104.922 (-3) normal price fluctuation 00:57:56.179 - 104.9249 (+29) +2 photos Was this information helpful? No (0) Yes (1)
Olymp Trade customer support has been notified about the posted complaint. Mar 30, 2023 Updated by smmmm I am making a humble request to youngsters especially not to lose your money on this app, uninstall the app asap and move on with your life, if you are really interested in trading, learn intraday in the Indian stock market (NSE/BSE) which is backed by gov entity SEBI. RBI has already banned this app, you can check here - https://rbi.org.in/scripts/bs_viewcontent.aspx?Id=4183 I have been using this app for a month now already lost more than 200 dollars, this is my research on this app. How it all begins - You get influenced by watching fake YouTubers and influencers showing how they earn 1000s of dollars per day by making a 1-2 minute trade, which is totally fake. - You download the app and see that it has a demo account with demo money. - You start trading with a demo account, and you see how easy you are winning the trades, you will start winning 7 out of 10 trades. - This will motivate you to try with your real money. - That's where the game starts when you start trading with real money, the chart starts manipulation, and you will start losing 7 out of 10 trades because the prices are manipulated. Check my other complaints and comments, I have already shared the proof of how olymptrade fraud chart manipulation works. Verified Support Apr 04, 2023 Olymp Trade Customer Care's response Hi, smmmm! Thank you for sharing your concerns with us. We ensure that you can continue trading safely with us! Olymp Trade has the legal right to offer its services to clients worldwide, as we have been doing for the last 9 years. The regulation you mentioned specifies that Forex trading with currency assets is not authorized in India. To stay in line with the RBI and continue trading in FTT and Forex modes freely, simply open deals with other assets, except currencies. You can use commodities, indices, cryptocurrencies, metals, and more. Alternatively, you can turn to other trading modes offered on the platform. Kindly note that you can view the history of quotes on our platform. To do this, please go to the Help section on the platform and select the Assets menu. After choosing the asset which you want to check, you can find the information of quotes under the Quotes History sub-menu. There, you can select the date and time of the quote which you would like to check. Also, we have an independent department in our company that works in such situations. If you do not agree with the results of the trades, then they will check them for you. Please send an e-mail to [protected]@olymptrade.com. Wish you productive trading! Best regards, Olymp Trade team. Apr 05, 2023 Updated by smmmm Hello Olymptrade support, Why don't you talk about the proof, I provided in the complaint? Its pure manipulation, how come it abnormally falls or rises exactly when the trade is closing?
5 Comments	Share
Submit Close

Related Olymp Trade reviews

View all 1514 Olymp Trade Reviews

Comments

Olymp Trade Customer Care

Mar 28, 2023

Verified Support

Hello, Kharishkumar1987t.

We are so sorry that your experience did not match your expectations. Please note that Olymp Trade is a trusted broker certified by the regulator - Finacom. We do not do anything by rules that violate us to lose our certification.

Regarding price charts, quotes on different trading platforms may differ in some respects. This is because the offer providers and pricing methods are different. Nevertheless, the trend of price movements on the charts of different trading platforms should not be very different.

You can view your price history on the platform. To do this, go to the "Help" section of the platform and select the "Assets" menu. Once you have selected the asset you wish to review, you can find information about its quotes in the "Price History" submenu. There you can select the date and time of the quote you want to check.

We also have an independent department to handle such complaints. If you feel disagree with the outcome of the transaction, they will review it. Please email [protected]@olymptrade.com with the details.

Best regards, Olymp Trade team.

smmmm's [Complaint's author] reply, Mar 29, 2023

Can you see the price history, I have attached in the complaint? still you deny its manipulation at last millisecond? How come it jumps below or above trading position by 1-2 points in the last millisecond? that also with so much difference in price and if you see previous and next quote history they are normal.

smmmm

Mar 28, 2023

smmmm

Mar 28, 2023

CONTINUING ---

00:57:55.167 - 104.9216 normal price fluctuation
00:57:55.671 - 104.9217 (+1) normal price fluctuation
00:57:56.007 - 104.922 (-3) normal price fluctuation
00:57:56.179 - 104.9249 (+29) - here is the manipulated price, which exactly matches the trade closing time and amount, with an abnormal price difference of +29
00:57:56.430 - 104.9211 (*) normal price fluctuation
00:57:56.682 - 104.9211 (0) normal price fluctuation
00:57:56.933 - 104.9212 (+1) normal price fluctuation

Kumar Sheth1

from Ahmedabad, Gujarat

May 10, 2024

you are correct olym trade is doing manuplation with charts, i observed and even lost miltiple trade at end moment and after that graph comes on actual position of trrade timeframe. i have notice this from so many days i lost so much money due to their fake chart showing. I recommend every one unstiall this olymprade application and dont depoist your funds in this platform.

Kumar Sheth1

from Ahmedabad, Gujarat

May 10, 2024

Remove this application and dont deposit any money in this platform its totally fake application and losing money with fake charts, first few time they will show you actual graph and then after once doing profit then suddenly graph get change at end moment trade will do loss.