[Resolved]  Olymp Trade — Fake assets?

Just recently opened my account and started trading here. So I was just browsing through some assets. Very nice stocks, quite reasonable number of tradable foreign exchange pairs which I just love to trade. Some international market indexes, those are all right as well, and some commodities that definitely I know something about.

So far so good. But, there are just a few more assets, which are weirdly named like the Astro Index, Maha Jantar Index, Moonch Index, Quickler.

So I was going through some research. Asked my friends who trade on other trading platforms, checked a few investing sites, forums, all kinds of other sources.

There is no information about those assets. What are they? I don't seem to be overly suspicious but is the platform trying to push some ghost assets? I was afraid to lose money so I did not trade them. I am watching the charts, and they are constantly on the move, the price is changing. So that means something is happening in the background. I have no idea how or why. Are those fake assets, or they are real? I am oddly confused as to how come the assets cannot be found elsewhere.. Strange stuff.
Was this information helpful?
No (0)
Yes (2)
Apr 12, 2023
Complaint marked as Resolved 
Oh man. Okay. There is actually information about these assets. Turns out, they are special assets created and curated by Olymp Trade. They are actually called region-specific assets, specially created for India. And they derive their price and price movements from some sophisticated approach of like astronomical events from verified sources, or some other resources. I actually started to like it. As to Quickler, it is also done for fast trading. Wow. Turns out they are just creating more ways for the traders to try their hand at making money, whenever they like. They also work when the stocks for example stop trading. Very interesting! So It was my fault to believe that they are fake assets or something strange is going on with them.
Olymp Trade customer support has been notified about the posted complaint.
Verified Support
Apr 13, 2023
Olymp Trade Customer Care's response
Hello, Mohinder Brijesh.

Your story is incredible; thank you for sharing that with us! It is wonderful that you have discovered all that from Olymp Trade. Yes, we strive to provide the finest trading conditions for traders. All features, tools, and functions have been designed and created thoroughly by our teams. We listen to traders’ feedback and develop all features based on them.

We wish you fruitful trading with us!
Best regards, Olymp Trade team.
 
1 Comment

Comments

Hello, dear Mohinder Brijesh.

Thank you for reaching out. We value your input and encourage you to let us know more details about your experience with us. We are grateful that you take interest in our new features.
The Astro Index is a region-specific tokenized asset for India. This index is based on mathematical results of astrological forecasts from several verified services.
The Maha Jantar Index is a region-specific tokenized asset for India. This digital index is based on rates of the most popular tokenized assets in the country and is highly volatile.
The Moonch Index is a region-specific tokenized asset for India. This digital index is based on ratings of Bollywood movies and celebrities and is highly volatile.
Quickler is a unique digital trading instrument designed to be an ideal option for fast-paced trading. Quickler trades are only seconds in duration, which makes for a dynamic and exciting experience. Price movement is based on a probabilistic mathematical model that assesses the quote and changes depending on the volatility coefficient averaged for the past price history. The instrument derives its pricing from a broad list of tokenized instruments listed on the platform and performs the function of a broad market volatility index.

If there's anything else we can do to help, please let us know.
Best regards, Olymp Trade team.

Post your Comment

    I want to submit Complaint Positive Review Neutral Comment
    code
    By clicking Submit you agree to our Terms of Use
    Submit
    Olymp Trade
    customer care contacts
    Customer satisfaction rating Customer satisfaction rating is a complex algorithm that helps our users determine how good a company is at responding and resolving complaints by granting from 1 to 5 stars for each complaint and then ultimately combining them all for an overall score.
    Read more
    80%
    Complaints
    1552
    Pending
    359
    Resolved
    1146
    Olymp Trade Phone
    +54 11 5917 5747 [Buenos Aires]
    +27 21 100 3880 [Cape Town]
    Olymp Trade Address
    James Street, Kingstown, , First Floor, First St Vincent Bank Ltd Building, , Saint Vincent and the Grenadines, India
    View all Olymp Trade contact information