Olymp Trade Complaints & Reviews

I think I may have found a serious bag or an interest from the side of the broker to make people lose money.

I think there is something seriously wrong with it and i am sure of it! I know a little bit of markets. And I know for a fact, that, stocks, for example, can only be traded for a certain amount of hours during the week. Because their exchanges work on a schedule. Same thing is valid for ETFs, for example, or commodities. They all have their separate exchanges, so when the exchanges are closed, you cannot trade them outside business hours.

In forex, I know it is a little bit different. Exchanges work around the clock to facilitate world trade, this is why forex pairs can be traded 24/5. That is common knowledge.

However, I went on Olymp trade's platform on a saturday and what do I see? There is this EUR/USD OTC, AUD/USD OTC, NZD/USD OTC, USD/JPY OTC contracts. And they are moving on a weekend! How is this possible? Are they lying to us? How can they move in price when I know for a fact that forex market is closed on the weekends?

One of the most attractive things of this platform (well, of course there many of such ones, but listen) to me is the opportunity to create custom strategies and release them in the market. Due to this thing, you can share your valuable knowledge, pack it in the ""box"" in the form of strategy, and then help others to trade. Such an altruistic job brings me lots of pleasure and satisfaction, probably, it even helps me to close gestalt, but nevermind.
So, once I decided to create a strategy which was a mix of different indicators and oscillators, that, in my humble opinion, was aimed at helping to determine a trend reverse.
I handcrafted this strategy and decided to release. Once I did it, literally within several hours, I understood that I forgot to add some crucial indicator (perhaps it was SMA, I ain't remember correctly). I wanted to delete it, but couldn't do that! Olymp Trade literally deprived me of this possibility! But fortunately, within a couple of days I clicked different buttons and it was deleted.
Still, the trace on the soul is painful...

I am so angry, I was working hard to achieve the Advanced status and finally did it, like a month ago. I was even taking risks by trading pretty large positions for my account only to get those experienced points which will make me progress in this regard. I haven’t even made a withdrawal only to keep my account balance bigger to make more profitable trades, which again, bring more points. Yes, it was exhausting and a hell of a journey… and I took a little break, only to find out that yesterday they put me again in Starter status.

This is a very serious issue as my deposit hasnt arrived from 5 days and its been too bad, its never happened to me on olymp trade, that too 2 of my deposits are stuck which is too bad. i really need a solution for this right away, they dont credit it to my olymp trade acc nor they are refunding it ibackk, they are just tlling youll get a mail when updated.

I really need my money this is not how ethical companies work.

My email registered is [protected]@gmail.com with olymp trade

I did payment through vrypto usdt

It doesnt take this long for the refund or credit.

5 days is too much
I need my money stop playing around with customers money

I wish I made a screenshot of my trade on USD/JPY currency pair, so I can support my issue I am raising here. Here is the problem; I studied the material provided by Olymp Trade for making trading decisions based on candlestick pattern. I was waiting for an opportunity and finally it came on USD/JPY on the 1h chart.
It was clear hammer pattern, which according to Olymp Trade it was a sign of a reversal in the trend.
I hit sell and waited to collect my profits, but unfortunately immediately I entered the trade, the price continue to rise and hit my stop loss order soon after.
I don’t know why they provide such scam trading advices when they don’t work.
Don’t make same mistake, I tried and the hammer pattern is not working.

My Account Id:[protected]
Email id: ashwanth.[protected]@gmail.com
Deposit No: [protected]
Deposited through phonepe
Bank ICICI Bank

I have done deposit of Rs. 700 on 24 th August 2023. The amount is not yet credited into my live account . I have raised tickets on email as well as through tickets. When spoke with bank they told that the amount is credited to their account. But the company is not updating my live account.
You told 24hrs but till now the amount is not credited in the live account or refunded back. Don't cheat people. You are not even giving a correct reply or providing as resolution. I want the refund as soon as possible. I have attached all the proofs .

As now 4 - 5 days gone since I deposited my Olymp trade account but not appeared in the real account of rs770 through paytm. I have raised a complaint to Olymp trade support but no progress about that. Please make my deposit soon.
Request no. [protected]

Hi Team,
5Days completed but not received amount to my trading account. I paid on 24th aug 2023 to paid throw UPI QR please take action.

I'm mailing to the support team but no response from them please update me as soon as possible.
Name: Abishek
USER ID:[protected]
Request no: [protected]
UPI Transaction ID:[protected]
I attach screenshot for your reference.
Please respond as soon as possible.

Small information
Name:knowflow technologies private limited
Email Address:[protected]@gmail.com

To this payment gateway I send amount.

Regards,
Abishek R

Hi Team,
5Days completed but not received amount to my trading account. I paid on 24th aug 2023 paid throw UPI QR please take action.

I'm mailing to the support team but no response from them please update me as soon as possible.
Name: Abishek
USER ID:[protected]
Request no: [[protected]]
UPI Transaction ID:[protected]
I attach screenshot for your reference.
Please respond as soon as possible.

Small information
Name:knowflow technologies private limited
Email Address:[protected]@gmail.com

To this payment gateway I send amount.

Regards,
Abishek R

I gained status through the XP points at the end of the last month, but for some reason it was revoked recently so that I didn't even have time to get all the advantages of it, only some high return deals.
Maybe I’m blind but I haven’t found any information that the status is given for a certain amount of days or time for this matter.
I need some explanation from the olymp trade representatives about the whole situation with the upgrade of my status.

I've been trading on the market for a rather long period, but still can't get used quickly to the new environment whenever I step on the new platform.
Olymp trade was surprisingly a pretty straightforward broker for me from the point of the platform's functionality. I never imagined that there are such brokers which proprietary software can work so fast without any glitches, and with an intuitive interface.
Still, I faced some difficulties sorting things out how to apply leverage to the position. I heard guys talked about multipliers or multiplicators, whatever, but where to find them? I'm still on the demo and this is the only thing I can't understand.
Olymp trade guys should certainly create a separate video manual how to use these multiplicators as it's not really clear. But other features are cool and understandable!

The overall amount of tradable assets across different classes is really impressive here.
I’m not quite bothered about the number of instruments within the markets particularly. Like for instance the digital assets could be more substantial to my taste. but that is a marginal flaw to be honest.

What upsets me more is that I can’t trade indices on the weekends although the broker claimed that I can do it, I believe somewhere in its trading blog.
I wanted to have a decent trading experience using cryptos and indices during weekends since I don’t have enough time on the working days.

I deposit my money in Olymp trade account on 23/08/23 but i dont receive amount in my Olymp trade account. I complain but nothing happened. And the Olymp trade customer care says that your amount is deposit in 24 hours but still the is not deposit in my Olymp trade account.
This is my request no: [protected] .
Please help me🙏

Dear Team,

I have deposited 2000 INR through p2p UPI and also confirm the UTR NO but amount not credited in my account request you to pls check and confirm.
Date -24/08/2023
User id[protected]
Rishi kumar
Amount -2000
Transaction id-T2308242244192342227820
UTR no[protected]

If you not credited pls return back to my bank account
Bank-central Bank of India
DepositRequest no.[protected]

Dear Team,

I have deposited 2000 INR through p2p UPI and also confirm the UTR NO but amount not credited in my account request you to pls check and confirm.
Date -24/08/2023
User id[protected]
Rishi kumar
Amount -2000
Transaction id-T2308242244192342227820
UTR no[protected]
Bank-central Bank of India
DepositRequest no.[protected]

My Account Id:[protected]
Email id: ashwanth.[protected]@gmail.com
Deposit No: [protected]

I have done deposit of Rs. 700 on 24 th August 2023. The amount is not yet credited into my live account . I have raised tickets on email as well as through tickets. When spoke with bank they told that the amount is credited to their account. But the company is not updating my live account.

Hi guys. One day I was surfing in the olymp trade and found the signals and extensions for trading. They have advertised it a lot and I have heard a lot of good reviews about its signals and extensions. And I wanted to try very hard. Nowadays trading markets are all very complicated and I wanted something that will help me to make my decisions but in general I could not even buy it. I had a lot of bonuses and tried to buy it with the money I made from those bonuses. But it did not work out. They have said on their web page that you can do that purchase using the money that you made. I do not know how that happened. Maybe Trading God wants me to overcome those problems alone?

I did my homework and thoroughly studied Olymp Trade’s trading conditions and rules regarding FTT. Don’t need to mention that fixed time trading was something new to me, and that’ exactly why I spend time to make sure I understand what I am doing.
However, Olymp Trade said that it’s possible to close trade early. I had such case, my profit on this particular trade was quite big, and wanted to close the trade.
But guess...

I have been using dollars for funding my account but I decided to change it to euro. But I do not want to change the amount to dollars again. If you did not understand, I will tell you again. I am funding euros to my dollars account and I can not even change the account currency type. So I do not want to fund but I do not want to exchange it for dollars as well. I do not know what to do and how to behave in these situations.

I'm not quite proficient at trading but due to this broker I feel how my knowledge base is being expanded in the geometrical progression! But, nevermind, it's just a preface why I chose Olymp trade. I was completely sure there would be no problems, but actually, I was wrong...
I created a USDT account as the company states it's something innovative and it ensures far more quicker transactions and a more secure environment. Well, I believed that words. Still, after I opened an account, passed through all mandatory verification procedures, I made my first deposit. And, oh, my god! I was waiting for my money more than several hours. I don't really think it's something the broker implies under "quicker transactions". So, guys, I'm waiting for your explanation, I don't really want to discredit this company as there's so many useful functions and features...