Olymp Trade Complaints & Reviews

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.

I started trading with the olymp trade broker quite recently, and since then no questions arose. If I needed to find out about certain peculiarities of how the platform worked, I just contacted client support and these guys helped me clear things out.
But I remember a pretty unpleasant situation happened to me recently. As usually, I entered the platform, defined instruments which I wanted to trade and decided to commence. I opened a deal on a major currency pair and was waiting until the price reaches resistance level, as I was expecting a pulback.
But, for no reason, the order was closed near the resistance level, while I didn't set SL, and did no actions either.
What was that, actually? I wanted to reach out to the client support but it seemed to me that I have already annoyed them with my silly questions, so I was confused.

I have been meaning to get into trading for a long time and I was desperately searching for a decent and a proper broker to suit my needs. Anyways, I landed this broker whilst I have had no idea what trading is, how it is done, how I work with a broker and whatnot. But Olymp Trade has a competitive advantage. They have tutorials, and a blog, and a help center to help you go through any kinds of process that you go through the first time. Well. I folllowed the instructions, learn about the assets and how to trade little bit and I finally deposit some money, I open up a chart. I know what a price chart should like. But there is one in the middle of the screen and there are 3 other lines with different collors at the bottom of the screen. Which one do i look at, which one do i take seriously, which one is the right one, are some of them fake? i dont even understand whats going on but perhaps they are trying to make me lose me money?

I decided to open a trading account with this company for several reasons.
One of these reasons was the possibility to use Advisors in trading.
I read that these are several indicators combined into a system that help to find entry points.
But unfortunately I did not find any buttons on the chart that would install Advisors or customize their work.
I switched trading modes and changed chart types, but I didn't find what I was looking for.
Apparently they are not available on the platform anymore.

I’m deeply disappointed with my recent experience on your platform. I made two trades today, investing 1000 INR and 500 INR each, which appeared to have crossed the desired mark for success. However, both trades inexplicably ended in losses, resulting in a total loss of 1500 INR. 😡

As a loyal and long-standing user, this incident has shaken my trust in Olymp Trade. I’ve always believed in the fairness and transparency of your platform, but this recent experience has left me frustrated.

I kindly request a thorough investigation into these trades and a satisfactory resolution that includes a transparent explanation of the losses and, if necessary, compensation for my losses. 🙏

I’m hoping to see a swift response and resolution to this matter. Your platform’s reputation and trustworthiness are on the line. ⏳

#OlympTradeComplaint #TransparencyMatters #UnsatisfiedCustomer

I entered this platform to trade forex, cause I prefer forex trading and see this trading style as the one and the only one.
I am not a stock guy, and especially I'm not fond of trading commodities or other assets.
After I traded on the demo for a while, I decided that the training was over and I ought to move forward. You know, demo engulfs you so much it's getting harder and harder to move to the real account.

Still, I managed.
The question is - why I can't open orders as usual? I deposited a sum of money, wanted to open an order, clicked "buy" button and then, within 5 minutes my trade closed without any action from my side... I didn't want to close this trade as my analysis told me to wait a bit more for a level breakthrough! What has happened, hey?
Olymp trade isn't so sweet as it seemed to be?

I was trying to getting used to this platform, you know, it's all cool, I am chilling, just doing my thing. Registered on the platform, deposited some money, found what I am going to trade, found where the strategies are, where the indicators are, how I chart assets and whatnot. Anyways, got used to the platform, got used to the assets, I know what I am allowed to trade and when. Doing my stock trades within the market hours, trading forex pairs outside of stock trading hours and all that. It's all good. Anyways. On last monday, I am trying to just trade some EURUSD, you know, getting my first trades in for practice, getting warmed up for market open... It says something like "Trading is closed until 22:00 You can explore assets available for trading — for instance Asia Composite Index" - Ummm you sure? Hello? It's not a Sunday. It is a Monday. Markets are open. I googled it, I double checked.

It's a big issue cuz I was on my way to make boatloads of cash in it, maybe??? how do you explain that? Go figure!