Olymp Trade Complaints & Reviews

I was told that the broker has different account types for traders. Not like the demo account and the live account, but real trading accounts. Just like other brokers do that you can pay more for an account with better trading conditions and stuff like that. Right now, the profitability that I have while trading FTT is not what I expected to be frank, and it is not nice. I should be mad at the person that recommended the broker to me and got me hyped up about the trading experience here.

I have kicked off in the trading sphere with this broker long time ago. Sincerely, I don't even know what was the year when I commenced. Nevermind.

The point is that trading here was full of pleasure for me and I remember how I quickly signed up and verified my identity on the platform. I got down to business like within a day or something and since those times I have never had any questions about the platform, because their Help Center is full of crucial information.

Nevertheless, recently, I encountered a kind of glitch or how it's called. I decided to switch payment methods, and the platform requested an account verification. Idk, maybe the system thought like I signed up for the first time but it was kinda confusing. So, I have no idea what was that and what I'm supposed to do.

I have been trading with a USD account for a while and I made a couple of withdrawals already. However, as a payment method, I use crypto, specifically USDT. Recently I discovered that with Olymp Trade it is possible to have a USDT-based account. That would work much better for me since anyway I am transferring funds in USDT.
Is it possible to switch the account type from USD to USDT or do I need to close it and open a new one? But what will happen with the funds already deposited in the USD account?

I registered at olymp trade fairly quickly. It was much faster than at any other forex broker that I traded before. And the client support was helpful along the way.
So I uploaded the required documents, deposited money and immediately started trading on the fixed time trading mode.
Thanks to the proper analysis and maybe some luck I managed to increase my deposit by a big margin. In this case I decided to withdraw the part of the profits just to return back some of my findings. I do that usually to have more peace of mind.

But the problem is that I couldn’t do it. Although I use the same payment method, the withdrawal request wasn’t fulfilled for some undisclosed reason.

I spent a while trading forex here and it was time for me to start something new.
I always wanted to trade stocks and finally I gained this opportunity at Olymp trade.
But the problem is that I can’t go short on stocks unlike forex for example. And it reduces my trading opportunities dramatically.
Plus unlike forex or FTT I can’t trade stocks 24/7 for some reason, whereas I saw other forex brokers provide stocks trading round the clock all the time.
It’s pretty frustrating cuz I like the broker in general.

Been working with these guys for a couple of months, coming here as a complete newbie, nowadays I notice some results of my prolific trading. Mainly, I'm thankful to the company for their commitment to educating newcomers.
But, the point of my message is a bit different. Let alone all praises to the olymp trade and focus on something I have run across recently.

I decided to clean my PC and reinstall windows so I was forced to download the broker's platform once again. Okay, it was downloaded quickly, without any hassle. However, while inserting my credentials, the platform doesn't let me in. It continued stating that something went wrong, check your credentials once again, maybe there was a mistake. But I have written down the password on paper which is always by my hands. So, since then (it was a couple of days ago), I don't know what to do, as I wanna trade, but can't.

When I researched olymp trade and all the other similar platforms I found out that OT has one of the best profitability for FTT on the market.
Hence why I decided to end up here.
Nevertheless when the trading time came I realized that there are no assets with a profitability over 90%. Although I read some reviews that Olymp trade has a lot of them.

Now I put so much effort into the registration and verification but all that was in vain if I can’t have high profitability.

I spent almost an hour on the platform and checked all the buttons but still couldn’t find where are the indicators. I particularly need the Awsome oscillator. When I opened the platform I automatically applied the RSI indicator and that’s all. There are no other indicators or oscillators. I have a beginner's status and guess I need a higher status to get access to other indicators. I don’t see any other option why I don’t have them available.

I read many positive reviews about Olymp Trade and decided to explore more about their trading conditions, like leverage, commissions, margin requirements and everything related to trading that would help me to decide whether or not this is a suitable trading platform for me.
I checked their website, which I must say is very basic, and easy to navigate, but I couldn’t locate their trading conditions. In the FAQ section, one can find everything except the thing I was looking for.

Sir my money 700Rs not deposit in my olymp trade account. I paid Rs.700 through QR code at 3.24pm on friday date(17.11.2023). The message was displayed that within 2 hours amount will deposit to my account . i waited for more than 2 hours still money not credited to my olymp trade account. But in my bank account money had debited sir.

i paid my money 700Rs to PRECIOUS MOBILE WORLD sir. I have attached the money sent proof also sir.

please take the needful action and credit my money to my account. I am a very sincere trader of olymp trade account sir.

THANK YOU SIR.

DETAILS:

TRADER ID(MY ID):[protected]

TIMING : FRIDAY 17.11.2023 SHARPLY AT 3.24PM

PAID TO : PRECIOUS MOBILE WORLD

PHONEPE TRASACTION ID: T2311171523559493383232

PHONEPE UTR NO:[protected]

AMOUNT PAID: 700Rs

I like the Status system of Olymp trade. I think that is a very cool concept and incentive for traders. Because this way everyone has a motivation to trade more and develop their skills.

But I had some problems with the statuses. I decided to get the Expert Status by depositing more money into my trading account.
So I deposited $500 and expected to get Expert status, but instead I got only Advanced one. And now I am confused because the support team still doesn’t reply to me.

Hi I have Deposited 20000 inr 4 days Back throw UPI it's still not credited this is not at all correct I am in expert status
Please Deposit as soon as possible my id is 62888896

I like the broker's blog and I read it all the time. There is tons o[censored]seful information about trading and not only. You can find some handy texts about the broker too.
Recently I found an article on the Olymp trade blog that I can use the MT4 platform here which is a good thing for me since I like MT platforms.

However, I didn't find any mentions of MTs on the website. It’s either Olymp trade did a bad marketing move or it deliberately misleading its clients. Both are not very good to be honest.

I have deposited 10$ to my Olymp trade wallet via phone pay. Money has been deposited but not showing in the Olymp trade wallet. It is still pending in the transactions section of Olymp trade. Please resolve the issue.

Everybody is talking about Olymp Trade! Olymp Trade this, Olymp trade that, people are making money, people are learning, people are getting opportunities, people are starting to trade here. It is all good and well, and if you only read the reviews and you did not try out the platform yourself, you would think that it is the ideal platform for new traders who cannot put together a big budget, you know, people that are simply dipping their toes in, wondering what it is all about to see if they can make money or not. Would you put a hundred thousand dollars in such a venture? No! Even if you have the money, you would start with a small budget. Well, that's exactly what I have done. I already know a few things here and there about trading, I am not entirely new to this, so I ALSO KNOW, that indicators should be free! But everything in Olymp Trade seems to be paid! I just get onto the market menu on the lefthand side of the platform, click on the indicators, and every single one of them wants to charge me monthly. Are you kidding me? Why do I have to pay thirty dollars just for a few indicators?

Before opening a trading account with this broker I read quite a lot about all technical features of the platform.
Some reviews contained information that many useful indicators are available on platform. And this is really true, but...
As it turned out, these indicators are impossible to customize.
That is, in order to trade more effectively I need to customize indicators, but unfortunately platform doesn't have this function. I can only set an indicator and watch it.
I consider that this is a disadvantage of this platform. And I hope company's management will pay attention to this problem and solve it as soon as possible.

My email [protected]@gmail.com
Trader id[protected]
I have deposited Rs 30, 000 on 30oct 2023 at 12:30 pm. And then i made a withdrawal request on 30nov same day at 1:10 am after 2-3 days on 2 nov they blocked my account and said for verificatio which also includes my 30, 000 rs proof they said to show the transaction at 10:01 am... as i have have made a deposit request at 10:01 am on 30 octomber but i cancelled it and redeposited at 12:30 pm...and till now my acount is blocked and internal investiagtion is going on...its not my mistake in it...i want my money back or now i am complaining to RBI and consumer court for ban this application in india if they not return my account with full funds

Not a very long time ago I got acquainted with the Trader's way functionality on the platform, and guys, I confirm that this is a very handy thing for those who bother about statuses upgrade or kind of promoting.
I have watched an introductory video graciously provided by the Olymp Trade broker and started to get interested in it.

I understood that I needed to fulfill different tasks to gain experience points, and started...

So listen, I came down here to Olymp Trade. Because I have heard that it is a free-for-all platform, what I mean by free is that you can trade however you like, right? You have your options and choices, but you choose whatever you want. That includes all sorts of trading conditions. For example, I like the FTT mode and I am trying to build a special trading system for that. But the platform does not allow me to open more than 20 positions at the same time, i can't keep them. But my system requires that to profit. Now, how am I suppose to work with them If they cannot even allow me to do whatever I want ? And I heard that it was allowed!! Were they lying or what now? I heard people can keep more than 50 open positions at the same time in FTT mode. Now, I need that for my system to work as well! Can't I trade however I like it here?

Guys, don't get me wrong. I'm not writing this because I have nothing else to do in my spare time. The thing is that I saw in some videos how traders had different color charts on the platform.
As far as I understood, classic color of charts is dark blue. But I would like to be able to trade on a platform with a light color scheme.
My eyes get tired when I use platform in dark colors. Besides, I don't like this style.
Apparently, in previous versions of the platform there was an opportunity to customize the color of charts, and in this one such opportunity was removed.
I would be very happy if developers would return such customization of the platform charts.