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Olymp Trade Complaints & Reviews

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Updated: Jun 24, 2025
Complaints 1551
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Olymp Trade reviews & complaints page 56

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Sree1231994
Aug 31, 2021
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My account blocked when I started doing second withdrawal as I'm using single account only still it is showing used several accounts, when I did my first withdrawal there was no issue. Customer service was really poor, they don't have a clarification how to clear my solution customer service statement was like robotic they only speak whatever they want to talk. Im really looking help from olymptrade to unblock my account
Oct 2, 2021
Complaint marked as Resolved 
Olymp Trade customer support has been notified about the posted complaint.
Aug 31, 2021
Updated by Sree1231994
My account blocked when I started doing second withdrawal as I'm using single account only still it is showing used several accounts, when I did my first withdrawal there was no issue. Customer service was really poor, they don't have a clarification how to clear my solution customer service statement was like robotic they only speak whatever they want to talk. Im really looking help from olymptrade to unblock my account
Verified Support
Sep 01, 2021
Olymp Trade Customer Care's response
Hello, dear!

Thank you for bringing this issue to the discussion. We are sorry to hear that you are not satisfied with the customer service replies. It is important for us that information is conveyed clearly and distinctly. We will pass your feedback on to avoid similar situations in the future.

We would gladly help you if you specify your account ID number in the comment section. This way we will get more data on the account blocking and reach out to our support team.

Best regards, Olymp Trade team.
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    Mithunsoni2021
    Aug 25, 2021
    Jun 14, 2023
    This thread was updated on Jun 14, 2023
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    Deposit fund refund

    Address: Somani Nagar,sendra road, Surya Mahal hotel opposite

    I have new Euro currency account and deposit fund on 24/08/2021, 500EURO, after deposit my account is blocked by olymtrade, if they want to blocked my any for any reason they should do before deposit, but this unfair think happen with, and I am keep continue contact to customer support, claim department, but they are saying you will not get your refund back as you violet rule, I seriously not aware of any rules, I borrow money from market...
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    amkrishnaa
    Aug 23, 2021
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    I have made a deposit to olymp trade account on 14th August and I have been contacting the support from then but 1st rhey said 24hrs next 5days now they ask to keep on waiting but no resolution is provided from 10 days. Someone please look into this issue and do the needful at the earliest possible.
    Olymp trade user id is 77519126.
    +2 photos
    Sep 24, 2021
    Complaint marked as Resolved 
    Olymp Trade customer support has been notified about the posted complaint.
    Verified Support
    Aug 24, 2021
    Olymp Trade Customer Care's response
    Hello, dear!

    Thank you for letting us know about the issue. We understand your frustration and apologize for the long wait. We have requested assistance from our support team. Our support team member will contact you as soon as possible to provide the latest information on the situation with the deposit. Your patience is appreciated greatly.

    Best regards, Olymp Trade team.
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      veerain
      Aug 22, 2021
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      When i deposit money on this application there is no verification and i loss my money still there is no verification notification but when i win some money they block my account because i dont understand that last process of verification of payment document but i sent them from my side after i tried 2-3 times they blocked my account and fraud with me almost 45000 rs
      as i see on there application that my payment document is not verify i call there service department same as they told me to upload document i uploaded but still they blocked my account
      my suggestion to all that don't use this application they don't even solve my problem
      Olymp Trade customer support has been notified about the posted complaint.
      Hello!

      Thank you for letting us know about your issue. The verification process is a standard procedure among the majority of trustworthy brokers and is prompted by regulatory requirements. Commonly, verification is requested when you attempt any type of financial operations on the platform. There might be other factors, though.

      It requires more information to give you thorough assistance. Please, provide us with your account ID number so that we can help you. If your account is blocked, you can still complete verification in some instances. However, the final decision is made by the KYC department only. You can send an email to the KYC department at [protected]@olymptrade.com.

      Best regards, Olymp Trade team.
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        Chirag Balay
        Aug 21, 2021
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        I suppose that brokers today have to posess lots of features which will highlight them from other brokers. So, these features often are advntages, however some of them can seem to trading community as shortcomings. That's why choosing a broker is quite an individual process. I've chosen this broker and I'm glad that I have an opportunity to trade with it. However, I can't understand how long does it take for withdrawing to get my money. I suppose that brokers should always highlight this information on their websites. Somebody, help me with it.
        Aug 24, 2021
        Complaint marked as Resolved 
        Sorry to have bothered. I've found the information already!
        Olymp Trade customer support has been notified about the posted complaint.
        Hello, dear Chirag!

        We are sorry for the late response. Due to technical glitches on the Consumer Complaints website, we were not able to assist you sooner.

        We are glad to know that you have found the necessary information. Mostly, funds are credited promptly after we have transferred them to your payment system. We make every effort to process withdrawal requests in 24 hours. However, in exceptional cases, the process of money withdrawal can last up to 5 days. If any additional questions appear, feel free to contact us.

        Best regards, Olymp Trade team.
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          Hemanth Xavier
          Aug 20, 2021
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          Money not credited to my trading account

          Address: 4-42-313

          I have done two transactions but both of them failed, it's been more than 24 hours, and customer service representatives are saying to wait for 5 days to get it resolved. I am a first-time user and now I have trust issues with Olymp trade. I am raising my issue hear so that no one should use such platforms which are just gambling away your hard earned money....
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          Imaran Bera
          Aug 20, 2021
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          To be honest, I am very grateful to Olymp Trade for creating their own trading platform. Besides the fact that the company is already a professional in the financial world and has good trading conditions, it now has its own trading software. I read a lot of good Olymp Trade reviews and decided that I needed to download a mobile application. I thought it might be very handy. How wrong I was !!! Should I just guess ?? Trade is incomprehensible here. What is FTT ?? Where are the analysis indicators? I do not see!
          Sep 6, 2021
          Complaint marked as Resolved 
          Thanks to Olymp Trade managers for helping to solve my question. I am always in a hurry to draw conclusions. Be more attentive. Thanks)
          Olymp Trade customer support has been notified about the posted complaint.
          Hello, dear Imaran!

          We apologize for the late response. Due to technical glitches on the Consumer Complaints website, we were not able to give a reply sooner.

          It is wonderful that you enjoy the Olymp Trade platform. We are also glad that you appreciate the provided trading conditions. Regarding your questions, FTT (Fixed Time Trades) is one of the trading modes presented on the Olymp Trade platform. In this mode, you make trades for a limited period of time and receive a fixed rate of return for a correct forecast about the movements in stock, currency and other asset prices. You can find more information in the FTT Guide: https://plus.olymptrade.com/en/help/category/17-ftt-guide

          While trading from a mobile device, you can find the indicators button to the right of the chosen asset. Press the "All indicators" button to open a full list of available indicators. If any further assistance is needed, please, contact us. We are always there to help.

          Best regards, Olymp Trade team.
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            Hemanth Xavier
            Aug 20, 2021
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            Address: 4-42-313, Asbestos colony, Kukatpally

            I have made a deposit with Olymp trade for 10$ and when it is not credited I have notified the customer service about it and I have asked can I deposit the money again, for which he answered yeah I can deposit again. As my first transaction was not showing I took the risk and deposited the money again and the same thing repeated with another deposit too. I enquired the bank and they informed me that money has been credited to the company I have transferred. Its been more than 30hrs and their customer representatives are saying to wait for at least 5 days. Does it take 5 days to resolve a complaint ?? this is horrible.
            +2 photos
            Sep 30, 2021
            Complaint marked as Resolved 
            Olymp Trade customer support has been notified about the posted complaint.
            Verified Support
            Aug 23, 2021
            Olymp Trade Customer Care's response
            Hi, dear Hemanth!

            Thank you for bringing this to our attention. We are sorry that the provided service has not met your expectations. We would like to make it right and get more information regarding the deposit situation. Please, share your account ID number with us so that we can investigate the issue more thoroughly. We would instantly pass this information to our support team so that our specialists can contact you and speed up the resolution process.

            Best regards, Olymp Trade team.
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              sunilwbi12
              Aug 20, 2021
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              Sir i made a transaction on 15 of July for an amount of 100 dollars, but still my amount is not credited in Olymp trade or return back to my bank account
              i tried so may time to their customer supports but their reply is either not satisfactory o[censored]seless
              please do needful to solve my problem i am attaching my bank statement from 14 Jul to till date

              my olymp trade id is 77547810
              email: sunil.[protected]@gmail.com
              phone:[protected]
              Sep 24, 2021
              Complaint marked as Resolved 
              Olymp Trade customer support has been notified about the posted complaint.
              Verified Support
              Aug 23, 2021
              Olymp Trade Customer Care's response
              Hello, dear sunilwbi12!

              We are sorry to hear about your unsatisfactory experience with us. Please, take our deepest apologies for the long wait and any inconvenience caused by the delay. We have passed the information to our support team. Our specialists will reach out to you as soon as possible and provide the latest information on the status of your issue.

              Best regards, Olymp Trade team.
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                Ikram.02
                Aug 20, 2021
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                As I have already block their advertising notification then after their advertising in oftentimes comes on my display and irritate me and spoil my work
                I hope you take serious action against it. And stop advertisements on my device
                Olymp Trade customer support has been notified about the posted complaint.
                Hello, dear Ikram.02!

                Thank you for notifying us about the advertisement issue. We have contacted the related team and passed the information. Rest assured that your request will be investigated thoroughly. Can you please give us more details? Where did you encounter the advertisement? Which device are you using? It will help us to locate the precise source of the advertisement.

                Best regards, Olymp Trade team.
                Ikram.02's [Complaint's author] reply, Sep 1, 2021
                First of all thank you for responding.
                It's encounter in between my any running app, sometimes in my lectures, sometimes in my game so that whole screen cover by advertisement and my lectures get disturbed and sometimes I have to reconnect again. This happens many much times in a day.
                I am using ANDROID DEVICE (Huawei Y9).

                Sort it out as soon as possible.

                Thank you
                Hello, dear Ikram.02!

                Thank you for leaving a detailed reply. Your feedback is extremely useful as it allows us to investigate this issue thoroughly. We would be grateful if you take your time to answer these questions. Additional data would really help us get to the bottom of it.

                1. Can you please click on the advertising and install the Olymp Trade application? Once it is done, please, share this information in a comment section to your complaint with us: your GAID (the Google Advertising ID), the installation date of the Olymp Trade application, and the store that you used to install the Olymp Trade application (whether it is HUAWEI AppGallery or Google Play).
                2. Can you please list the names of the applications where the Olymp Trade advertising appears?
                3. Is it only the Olymp Trade advertising that appears on your device? Or have you encountered other similar promotional notifications as well?

                If possible, take a screenshot of the advertising next time it emerges.

                Best regards, Olymp Trade team.
                Ikram.02's [Complaint's author] reply, Sep 1, 2021
                1. I have installed this app from your advertisement just now (01 sep '21) from Google play store.

                2. Microsoft team, Snapchat, free fire, YouTube, Google, Instagram, telegram, Twitter, etc

                3. Someday it's only of olymp trade and sometimes it's of other trading app similar to this one.

                I have took screen shot but how should I share you?

                Please solve this problem.

                Thank you for supporting me..
                Hello, dear!

                We are incredibly grateful for your assistance. Your detailed replies truly help us to identify the causes. For now, the screenshot is not required. Please, keep it, may request it in the future if the issue remains. Kindly share your GAID (Google Advertising ID) with us. The steps on how to find the GAID can be different depending on the device. You need to open the Settings application, then find and access the “Google” section and select the "Ads" option. You will find your GAID on this page. This section can also be called “Your advertising ID”. Please, let us know if have any further questions.

                Best regards, Olymp Trade team.
                Ikram.02's [Complaint's author] reply, Sep 2, 2021
                Heartily thank you for such response.
                My GAID is
                4419a150-62a2-444a-8a0b-d976e589cfd

                I hope my problem get solve as soon as possible.

                Thank you so much.
                Hello, dear!

                Thank you for providing us all the data required for a proper investigation. We have passed this information to a related team. As soon as we get any updates, we will let you know. Your cooperation is much appreciated.

                Best regards, Olymp Trade team.
                Ikram.02's [Complaint's author] reply, Sep 2, 2021
                Hello sir,

                It's still interrupting in between my things... Its so irritating. Even your app is installed in my device but still it's coming and cover whole screen. It's making me frustrat.
                Hello, dear Ikram.02

                Thank you for informing us. We understand your feelings. Unfortunately, our specialists did not manage to find any data on your GAID (Google Advertiser Identification). Please, contact the manufacturer of your device as there can be malware that launches the advertising pop-ups. We have such an assumption because you have mentioned that the advertising appears in Telegram. Also, there is another advertising that leads to a third-party trading platform. The manufacturer should inform you of the actions that need to be taken to remove the malware.

                Best regards, Olymp Trade team.
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                  Jagdish Peri
                  Aug 20, 2021
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                  When I met this broker for the first time I thought it's an ordinary broker which provides trader with various services and it has its own peculiarities. Of course, it has its own features, however I was convinced that this broker also offers forex trading, not only fixed time trading. I hope nobody cheated me, because I'm here only to trade forex actually. Could someone explain me is there any possibility to trade forex or not? Maybe I'm unattentive.
                  Sep 5, 2021
                  Complaint marked as Resolved 
                  Sorry for my unattentiveness. I just didn't notice that everything is displayed in front of my eyes. I guess I must read everything properly before start asking stupid questions.
                  Olymp Trade customer support has been notified about the posted complaint.
                  Hi there, Sirish!

                  Thank you for informing us about the difficulties you have encountered. We are happy to know that you appreciate the opportunities provided by the Olymp Trade platform. As we can see from your complaint, you have opened a one-minute trade in a Fixed Time Trades mode. There are three trading modes available on the platform: Fixed Time Trades (FTT), Stock Price Trades (SPT), and Forex. To shift between trading modes on the Olymp Trade platform, please open the Assets section by pressing the Asset button at the left top corner of the chart. If you need any additional assistance, please, let us know.

                  Best regards, Olymp Trade team.
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                    Sirish_Contractor
                    Aug 19, 2021
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                    I'm really glad that this company has appeared. Olymp Trade gives people the opportunity. Perhaps not every trader can use this opportunity correctly. I saw that it is really hard to become rich in a month. What's happening.?? I don't have time to earn my money!
                    Why deals are closed every minute. The price does not have time to go where I need to! How can I fix this? Are you a Forex scammer and did it on purpose? Answer please!
                    Aug 22, 2021
                    Complaint marked as Resolved 
                    Thank you for your explanation. I know that I still need to learn. Thank you Olymp Trade for giving the opportunity!
                    Olymp Trade customer support has been notified about the posted complaint.
                    Verified Support
                    Aug 20, 2021
                    Olymp Trade Customer Care's response
                    Hi there, Sirish!

                    Thank you for informing us about the difficulties you have encountered. We are happy to know that you appreciate the opportunities provided by the Olymp Trade platform. As we can see from your complaint, you have opened a one-minute trade in a Fixed Time Trades mode. There are three trading modes available on the platform: Fixed Time Trades (FTT), Stock Price Trades (SPT), and Forex. To shift between trading modes on the Olymp Trade platform, please open the Assets section by pressing the Asset button at the left top corner of the chart. If you need any additional assistance, please, let us know.

                    Best regards, Olymp Trade team.
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                      Kabeer Vaidya
                      Aug 18, 2021
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                      In my trading career I've met plenty of various brokers and never met similar brokers actually. So, speaking about this broker I've decided that I understood everything quite correctly. Nevertheless, recently I faced some issues which led to unpleasant consequences. One year ago I ceazed to trade for a while and couple of days ago decided to join trading again, however I found out that 10$ disappeared from my deposit. What was that?
                      Aug 22, 2021
                      Complaint marked as Resolved 
                      I believe I should much more attentive the next time. I've missed the information about downgrade from one type of account to the lowest in case I wouldn't trade at least one month. I guess I had to read the information more properly.
                      Olymp Trade customer support has been notified about the posted complaint.
                      Hello, Kabeer!

                      Thank you for contacting us. It is important that we can clear up the information for you in case any uncertainty appears. In the complaint, you are probably referring to the inactivity fee. The company has a right to assess a dormancy fee for a long period of inactivity of a user account. It is applied to the traders who have not made trades on a live account or carried out non-trading operations (withdrawal or deposit activity) for 180 days. Please, note that the $10 fee is charged once a month if your account remains inactive.

                      Best regards, Olymp Trade team.
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                        Bharat Mander
                        Aug 17, 2021
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                        When I met this broker for the first time everything was quite clear, I have read all the information about trading with this broker on its website and asked customer support several questions. However, now I have some issues with the status system. I know that there are the main types of account. Recently I upgraded by account to the status Advanced, but couple of days ago I started to trade and noticed that my status now is Starter again. What's going on around there, maybe I've missed some information?
                        Aug 21, 2021
                        Complaint marked as Resolved 
                        I guess I should be more attentive to any kind of information which is represented on this website. It's my fault that I didn't notice this information. I was sure that I've read everything correctly, however I was mistaken.
                        Olymp Trade customer support has been notified about the posted complaint.
                        Verified Support
                        Aug 17, 2021
                        Olymp Trade Customer Care's response
                        Hi, Bharat Mander!

                        Thank you for leaving a complaint. It is important for us that you have shared your issue with statuses. Please, provide us with your account ID number so that we can pass the issue to our support team. Our specialists will help to resolve the issue quickly. Please, note that each status implies that a user will get certain privileges for 30 days. In this case, the countdown launches from the moment you upgraded to an Advanced status. If a trader does not manage to accumulate enough experience points, achieve a special reward on a “Trader’s Way” or make a certain deposit amount, the account status will be changed.

                        Best regards, Olymp Trade team.
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                          Darpan Balasubramanian
                          Aug 16, 2021
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                          I don't like the fact that there are only 5 ETFs abailable for forex traders. I really want to have more trading opportunities and it is super sad that I have to limit myself being a forex trader. I know that there are so many other assets, but why are there only 5 ETFs while FTT traders have much richer choice. I feel very sad about it, so, please enlarge the number of assets for forex traders.
                          Aug 20, 2021
                          Complaint marked as Resolved 
                          I see your point, but what number of assets do you really need? I mean that there are always certain limitations while working with any broker but as for the quantity of financial instruments, I think that the traders always want more.
                          Olymp Trade customer support has been notified about the posted complaint.
                          Hi there, Darpan!

                          Thank you for taking the time to leave your feedback. We are sorry to hear that you feel limited as a Forex trader. We would surely pass your opinion on adding more ETF assets to the related team. Please, note that among the exchange-traded funds (ETFs) the Olymp Trade Forex offers a wide variety of assets, such as currency pairs, metals, cryptocurrencies, and stocks. If any additional questions or comments appear, feel free to share.

                          Best regards, Olymp Trade team.
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                            Giaan Ramaswamy
                            Aug 16, 2021
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                            I do really find it weird that deposit doesn't take time at all, but the withdrawal does. Now the whole process lasts for a couple of days, but why don't you make it as short as deposit? Sometimes I need my trading money urgently, but I cannot get it because of the complex procedure of withdrawal. Please, do something to make the withdrawals faster and momentary. I do really need this and the broker will become even more awesome.
                            Aug 21, 2021
                            Complaint marked as Resolved 
                            Withdrawal is a hard process which requires lots of verifications. It is actually really nice that the whole process takes only a couple of days, as withdrawal from some other broker accounts takes several weeks.
                            Olymp Trade customer support has been notified about the posted complaint.
                            Hi, dear Giaan!

                            Thank you for your honest feedback, we will take it into account to improve the services in the future. We strive to process the withdrawals as quickly as possible, most of the withdrawals are completed within 1 business day. However, here is a few pieces of advice to speed up the withdrawal process.

                            One of the ways to improve your withdrawal speed is to level up your trader status to Expert. Apart from other benefits, Expert level traders get top priority on withdrawals. You also use an e-wallet such as Skrill or Neteller to make deposits (and subsequent withdrawals) to your Olymp Trade account. They work directly with Olymp Trade to provide rapid transactions. We also recommend getting the highest level of “verification” on your account using “3rd party verification” from Google or another service.

                            Best regards, Olymp Trade team.
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                              Aditya_Sinha36
                              Aug 15, 2021
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                              I registered with the broker Olymp Trade, I wanted to try all the trading opportunities offered by this broker. I opened several orders with Fixed Time Trades. I found it interesting, but I would still like to try trading with standard currency pairs. I can't find where to choose forex pairs to trade. Although, someone told me that there is such an opportunity. Did you turn it off or am I doing something wrong? I need to switch to forex trading, help me do that.
                              Aug 20, 2021
                              Complaint marked as Resolved 
                              Thank you very much for your quick and timely response. Indeed, it was very easy to switch to forex mode. How did I not notice this possibility before? Thanks again for the tip! You are the best!
                              Olymp Trade customer support has been notified about the posted complaint.
                              Hello there, Aditya!

                              Thank you for getting in touch with us. To shift between trading modes on the Olymp Trade platform, you need to open the Assets section by pressing the Asset button at the left top corner of the chart. Then, switch to a Forex mode and choose the preferred asset from the list. You can apply the Currency Pairs filter placed under the search bar for quick navigation. Kindly inform us in case any further questions emerge, we are always there to help.

                              Best regards, Olymp Trade team.
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                                Lalit Dara
                                Aug 14, 2021
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                                The chart jumps in an incomprehensible way. If it tends upwards and you bet on the rise, it stops moving at all, only jumps up and down along the betting line. Or even if it goes up at first, at the last second it suddenly goes down, just at the moment when the bet finishes. If all day it has not fallen below a certain level, then after the betting it goes down to the prohibitive distance. The same if to bet on the sale. In general, nonsense complete! Developers, of course, well done, deciding to make money on newcomers like me. In two weeks I spent five thousand dollars playing. Each time it was interesting to watch the tricky graphics)
                                Aug 19, 2021
                                Complaint marked as Resolved 
                                Thanks to the team for the quick response! I was really emotional when I wrote my comment. I realize that it would actually be strange to assume that someone is intentionally moving their chart in the opposite direction of my open positions. Later, I cooled down a bit and checked the quotes with other platforms, and I did not see any discrepancies. In any case, I need to gain more experience, then my trading will be more successful.
                                Olymp Trade customer support has been notified about the posted complaint.
                                Hello, dear Lalit Dara!

                                Thank you for leaving a complaint. It is a pity that you have come to such conclusions about the Olymp Trade platform. The chart is based on the quotes, which are transmitted directly from the supplier. The quotes are broadcasted to all traders equally, we have no opportunity to influence the chart. You can use the Quotes History tab to check the quotes for a specific trading mode, date, and time on the asset page.

                                We advise you to try out the available trading tools on a demo mode in order to learn how to perform a thorough technical analysis. Please, view the available video guides on our YouTube channel: https://www.youtube.com/channel/UCY6DeO0JlJ8dcdWPX9DDzRg Our support team specialist will also be happy to contact you and give recommendations on how to improve your trading results if you specify your account ID number in the comment section.

                                Best regards, Olymp Trade team.
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                                  ADMathur
                                  Aug 14, 2021
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                                  Account Blocked even though there was only one active account

                                  Hello,

                                  I have created an account with olymptrade previously a long back maybe 1-2 years back and since then have not traded with that account.

                                  Due to some reason I created a new account with the link provided by their affiliate and was actively trading on that account.

                                  I also got all the documents and bank account verified successfully and completed their Verification process successfully in the...
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                                  Abbas_Vohra
                                  Aug 13, 2021
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                                  I’m exploring your trading platform with great interest. I can say that I’m positively surprised by this web trading platform. I like the very idea of trading with multipliers and fixed amounts in contrast with classical leverage and lot sizes offered by many traditional platforms, including Metatrader.
                                  However, I have one issue here. I don’t see Demarker here. I need this indicator for my daily trading because it’s very helpful for me. Does this platform have this indicator?
                                  Aug 17, 2021
                                  Complaint marked as Resolved 
                                  Thank you very much for your reply. I am not attentive and will try to do everything better)
                                  Olymp Trade customer support has been notified about the posted complaint.
                                  Hi there!

                                  We are glad to hear that you explore the Olymp Trade platform with great interest. It is great that you appreciate the opportunity to trade using fixed amounts and choose a multiplier value. We would gladly help you to find the DeMarker oscillator. To open the Indicators section, you need to press the Indicators button at the left bottom of the chart (below the Chart type settings). Then, in the appeared list of indicators, scroll down to the Oscillators section and select DeMarker. Once it is done, the chosen oscillator will be placed below the chart. If any other questions emerge, please, let us know.

                                  Best regards, Olymp Trade team.
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