Olymp Trade Complaints & Reviews

Registered and opened an account for myself at this broker. It's my first broker to be frankly, and I don't want to deal with the demo accounts or whatever, so I just opened a live account right away. Well, allright. The platform is here. It looks fine, the broker looks safe with good deposit and withdrawal conditions and all that. The assets are here, I can see them on the list. So many things I can trade. It is good. The indicators are there, the buy and the sell buttons are here. Very good. Nothing surprising.

Well. The charts don't move? I see the prices change on the right hand side when I select an asset, but nothing happens on the chart. I fiddle with it like 30 minutes. I can zoom in, I can zoom out. Nothing changes. And it is the same with all the assets. I believe it is broken.

My deposit transaction is showing failed, but my amount is deducted from my account. Refund my amount to my bank account, please. My UPI Id is anant.[protected]@paytm. Its been more than 72 hours, and customer care is totally non-responsive. My money is stuck, and all they do is keep sending me a mail that they will respond within four hours whereas its been more than 72 hours and not a single damn one of them has responded to my mails. This is my goddamn hard earned money and you are playing with a person's financial well being. Enough is enough. Return my goddamn money. I need it for my household chores.
Upi reference number:[protected]
Paid at 7:55pm, 07 March 2023
Paid to Nexus Enterprises (UPI id - [protected]@equitas
Paid by Anant Varma (UPI id - anant.[protected]@paytm)
Request number - [protected]
These are the screenshots-

Olymp trade is a notorious broker in the forex industry. I heard about this company a long time ago for the first time. and back then it seemed to me too professional for my trading background.
The proprietary platform looked so complicated compared to a simple metatrader.
Right now though, I registered an account and try myself on a demo account. and one issue came up. Everytime I open an order in forex mode, the next time I open the platform my order is gone. I thought that the expiration time only works in FTT. How come this happens in forex mode?

Allright. I registered here to try out this hype of exciting and unique trading experience, right? Tons of assets, they said. Unlimited and non-stop trading, they said.

So I log on to this platform on a Saturday night, to make some profits, you know. But all I see is a huge list with unavailable assets. All I can trade is something called the Quickler, Moonch Index, Maha Jantar Index, some cryptos and a few Composite Indexes that don't even move significantly. What's the problem here? Why isn't the liquidity here, where are all the assets and why can't I trade the Copper, the S&P Index, or buy Coca-Cola shares or whatever?

In my 3 trades, there is manipulation or glitch that made me lose 64.12+52.7(profit) resolve my problem it spiked up just lose the trade resolve soon...

UPI payment is failed but amount was deducted my account

Please refund my amount owne acount

I really dig the different trading modes that the broker provides to its customers. Fixed time and forex modes are very unsimilar in terms of the whole approach. This way I always keep myself on my toes.
Although I must confess that it’s hard to do both trading styles simultaneously. Mostly because they require different analytical techniques.

Heard a lot about the Stock price trading mode and its advantages over other modes, but didn’t find anything with this name on the platform. Did olymp trade remove this mode or what? I had big expectations about it.

My money got debited from bank account but the money did not added to olymp trade.

It is showing payment failed and got a notifications that my payment is declined.

I already know that I will trade on this platform because I like this product very much. I keep learning to trade despite some health issues, but trading makes my brain work intensively and I feel better. It’s not just another way to earn money but it’s also an essential cure for me.
So, I generally appreciate the platform, but I don’t see stocks. I like to trade stocks. Could you be so kind and tell me where they are? I’d be grateful.

So my friends have been telling me that you win 82% of the rupees you put in initially, and then even more down the line.

Sounds reasonable, doesn't it? Yeah. So I open up an account. Platform works quite well, ain't nothing wrong with it, I put in some money and get ready to rock and roll. Just like I always do.

I do a few trades with a little something on the line, you know, just to get my toes wet into this platform. I don't do all-ins quite a lot, a risk-averse trader here.

Somehow platform asks me to pick the time length of my trade, I say aight, lets do a minute. Lost all the amount. I did a 10 minute trade, I be watching the trade go down, and it offers the option to close down the trade with a loss of 70-80%. What? The index did not go down a whole 90% in a few minutes, so why do I lose all my rupees that I put in the trade?

I shook my head and carried on. Won a few trades with actually a whopping 82% profit. What? It's crazy.

I can't wrap my head around it, markets do not work that way you know. Something must be wrong with how this platform works.

I have paid rupees 770 to olymp trade through upi qr and the transaction status is showing as failed the money has been debited from my bank account. When i reach bank account services they said that the money has successfully transferred to the merchant Bank account.
Please find a way to get my money back.
Olymp trade user id: 94088211
Request number: [protected]

Hello sir
My name is Kunal Lende
My olymp user id is 42943417
I have deposited INR 700rs in my olymp account. the transaction is successful in 22 February and money is deducted from my bank account but my money is not credited and it took more than a week to my olymp live account yet . Please help me
My deposit request number is[protected]

I have deposited money to olymp trade account and the money was debited successfully from my bank account. But while looking on the olymp trade account the transaction is shown as failed. I don't know what is happening. I also submitted the option "i have paid" .
Still it's showing failed. I don't know where my money is gone.
Its 770 rupees .

This broker is a really good one. It has many benefits. I like trading platform in general, but there are some points I would discuss.
So I think it would be nice to have some design launch at first time you use it. I don't like the colour scheme. All these dark colours look fancy, but I think it is hard for eyes to trade this way for hours, a bit tough.
All other services are great, but I would love to change colour scheme really.

I noticed that different financial instruments have different point values.

I will write in more detail now.

When I open a trade in one of the financial instruments, I see that the price changes by a certain number of pips. For example, I opened a buy trade and the price changed by +100 pips. I see that I get profit. For example 20 dollars.
If I open the same deal on another financial instrument and the price also changes by +100 pips, the profit may be different. Sometimes more sometimes less.
Is this normal or is it a failure? What should I do to make it the same?

I have paid 10 dollar through UPI QR and it was a successful transaction but in Olymp trade it is showing failed. Please refund my money.

Failed payment in UPI QR But amount deducted from bank
A payment i made through UPI QR is showing failed status!

[protected]

A payment i made through UPI QR is showing failed status!
Ref Number: [protected]
UTR Number o[censored]PI payment:[protected]

My olymptrade I'd is 92908341. I have made a upi money transfer through QR on 4 January in which money was deducted from my bank account and I clicked "I have paid" button but Transaction status reflected "failed" at olymp trade and money was not refunded to my bank account. Raised a request to support team for the same to refund the amount deducted from my bank account. From last 1 month 15 days, I am following up with the support team everytime I hear the same reply that our finance team is reviewing your case and will get an update. God knows what happened to my money. If this the behaviour of the finance team towards a regular trader of olymptrade then what they do with the new traders. They just don't bother about people money. They got the amount in their bank and now they are delaying to credit it. Worst service ever. Don't know what to do tired of raising complaint to the support team. I think it's better not to trade with olymptrade anymore. All new traders beware before depositing money in olymptrade. They will just ask for time but in the time they will not get any update and they will ask for more time. Sometimes I feel like being cheated here.

I've been trading here for the whole my life. I ain't know why I have chosen this broker once and forever, but prolly everything is because of its unique approach ot trading.
I'll note that I have never paid a proper attention to some small details about company's charges.
Couple of months ago, I decided to take a break from trading, because the market became too volatile. After I got back to trading, I detected that a certain sum of my deposit vanished. I ain't know the exact sum, but I approximately remember that I had more money back then.
So, I have no idea why this sum disappeared. I suspect, it may be somehow connected with company's fees, but I wanna get a clarification.