[Resolved] Olymp Trade — Fraud chart manipulation

Jass02

from Jammu, Jammu and Kashmir

Mar 17, 2023

Address:

Olymp trade

I am on olymptrade platform since jan 2022 . Initially I had some loss but after some time i recovered it all but know when i thought i have learned technical analysis it is very difficult to win a single trade. Because market charts are manuplated by olymptrade as they runs their charts on OTC markets as per their choice.
Below i have attached some screenshots of a youtuber whom the company pays for promotion of their platform on YouTube.
These types of you tubers makes vip telegram channel and give Calls but their trade lands in profit at last sec and the followers who are copying their signals loss by 1 sec or 2 sec margin

And look at the following screenshots how someone can win so many trades by a single bump of 1 sec

This happens rarely once or twice to a normal trader in months.
But this guy is winning trades daily 3 4 times .
Olymp trade manuplates charts and make their promoters win .
And also new commers to platform win
And after you win consistently olymptrade make you loss intentionally by manuplating charts.
Following screenshots are proof of chart manuplation

+7 photos

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Apr 22, 2023

Complaint marked as Resolved

Olymp Trade customer support has been notified about the posted complaint.

Verified Support

Mar 20, 2023

Olymp Trade Customer Care's response Hi, Jass02.

It is a pity that you came to that conclusion. Olymp Trade is well-known as a trusted broker. We are certified by the regulator - Finacom. We do not do anything by rules that violate us to lose our certification.

You can check your price history on the platform. To do this, go to the "Help" section of the platform and select the "Assets" menu. Once you have selected the asset you wish to review, you can find information about its quotes in the "Price History" submenu. You can select the date and time of the quote you want to check there.

We also have an independent department to handle such complaints. If you feel disagree with the outcome of the transaction, they will review it. Please email [protected]@olymptrade.com with the details.

Best regards, Olymp Trade team.

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Comments

smmmm

Mar 28, 2023

OLYMPTRADE FRAUD CHART MANIPULATION ALERT, GUYS BE AWARE

I can 100% confirm that the olymptrade manipulates the chart, at the initial period I didn't detect it, 3 times I lost and I was clearly observing the candle, in the last milliseconds it shifts to the losing position, and in a millisecond returns back to the original position again. This is clear manipulation because the candle doesn't shift instead it animates and moves up and down smoothly as per the selected timeframe.

This happens when there is a milliseconds difference between your trade closing time and the trade position inside the price candle body, so it becomes harder to detect.

I have attached an image that, shows the loss when I can clearly see that the trade closed at the end of the 56th millisecond, while I lost at the 55th-millisecond candle (there is clearly a 1 ms difference), this is a clear win however as per olymptrade manipulated chart this is loss. I can challenge this to any technical person from olymptrade this is clear manipulation. When the candle was at the 55th millisecond the moving cursor of the candle was at the bottom when I was observing the movement carefully and should be at the bottom at the last millisecond, however, suddenly it shifts to the top out of the blue, and then shift to the bottom without any animation to make my trade go in loss.

smmmm

Mar 28, 2023

MORE SOLID PROOF OF FRAUD | WITH REFERENCE TO MY ABOVE REPLY

I have researched a little more thanks to Olymptrade support for pointing out the price history, which they use to cover up their fraud and is even more solid proof of price manipulation. The below data clearly shows the manipulated price at 00:57:556:179 (trade closing time), Please check the attached screenshot

I will make a video on this and upload it on youtube soon, guys support me to burst these scams.

00:57:55.167 - 104.9216 normal price fluctuation
00:57:55.671 - 104.9217 (+1) normal price fluctuation
00:57:56.007 - 104.922 (-3) normal price fluctuation
00:57:56.179 - 104.[protected]

smmmm's reply, Mar 28, 2023

CONTINUING--
00:57:55.167 - 104.9216 normal price fluctuation
00:57:55.671 - 104.9217 (+1) normal price fluctuation
00:57:56.007 - 104.922 (-3) normal price fluctuation
00:57:56.179 - 104.9249 (-29) <= here is the manipulated price, which exactly matches the trade closing time and amount, with an abnormal price difference of -29
00:57:56.430 - 104.9211 (*) normal price fluctuation
00:57:56.682 - 104.9211 (0) normal price fluctuation
00:57:56.933 - 104.9212 (1) normal price fluctuation