[Resolved] Olymp Trade — manipulation | |
Hi, I am trading in olymp trade platform, but it is very smart manipulation. Because in one minute trade i put one dollar, it is immediately executed, but while i go for $100 in one minute trade, it takes few seconds because that $100 had to reduced from my live account.in that few seconds i choose option for buy i have to buy that costly than i put a order, so most of the trade go against us. I[censored] check that most of the one minute trade it goes well upto 59 seconds but in last one second it goes against us, it happens not only few times, many times it is happening. I really feel very very bad about this. Pls be aware of this. Was this information helpful? | |
Jun 1, 2020 Complaint marked as Resolved Olymp Trade customer support has been notified about the posted complaint. Verified Support May 01, 2020 Olymp Trade Customer Care's response Hi there! All the quotes on the platform are equal for traders. The thing is, trading on 1-5 minutes is risky and one should consider that the trade amount should not exceed 1-2% of deposit. The price on such a timeframe doesn't have a chance to change significantly. Please, have that in mind while building your trading plan. Don't hesitate to contact us with any questions! Best regards, Olymp trade team. | |
 11 Comments | |
Comments
Trade is running now...asis composite index moving upward without any single down candle even not for 5 or 1 min candle. How is this possible...all money lost...they are cheaters and need to file case on consumer court.
Reply
Very true, even if you put 5 mins it's playing very well, olymp trade people keep a eye on your activities the moment they. Know you are putting more because of loss they doing and I verified my account and my friends account simultaneously it's varying from account to account. These guys are fraud
Olymp Trade Customer Care's response, Jan 12, 2021
Verified Support
Hello, Pavitra!
Thank you for sharing. We are extremely sorry to hear that you have come to this conclusion. Olymp Trade is a reliable broker, a member of the “A” category of the international Financial Commission. It confirms the high quality of our services and guarantees each trader deposit insurance, comprehensive support, and rapid resolution of all cases. We do not have the opportunity to interfere in the trading process.
If you face any difficulties on the platform, kindly contact our support team with complete details of the issue you are facing via e-mail: [email protected], in a live chat at our website or in direct messages of our Facebook group: www.facebook.com/olymptradecom We will try to help you in every possible way.
Best regards, Olymp Trade team.
Thank you for sharing. We are extremely sorry to hear that you have come to this conclusion. Olymp Trade is a reliable broker, a member of the “A” category of the international Financial Commission. It confirms the high quality of our services and guarantees each trader deposit insurance, comprehensive support, and rapid resolution of all cases. We do not have the opportunity to interfere in the trading process.
If you face any difficulties on the platform, kindly contact our support team with complete details of the issue you are facing via e-mail: [email protected], in a live chat at our website or in direct messages of our Facebook group: www.facebook.com/olymptradecom We will try to help you in every possible way.
Best regards, Olymp Trade team.
They are fraud, how I checked i have tested it may times and put multiple trades in up and down direction simultaneously and 99% i have faces losses and to my biggest concern is how it manages to give me loss and manages to sneak of my trades within milliseconds of time. Above all they have paired with all the youtubers giving VIP signals, can you believe a guy is winning daily tens and thousands of dollars on commodity composite index i mean cmon that chart immediately take u turn as soon you put your money.
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They are scam total scam.Once i check out of 100 trades I only win 7and in my demo account 7 out of 10
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Olymp Trade Customer Care's response, Nov 2, 2021
Verified Support
Hello dear, lost15k $.
Thank you for sharing this with us. We are sorry to see that your trade is not profitable.
We are a member of the Financial commission https://financialcommission.org/ru/members/participating-members-of-the-financial-commission/
We have successfully passed all the stages of inspections, and have been recognized as a safe, modern, and worthy broker. We fulfill our obligations to traders during the 7 years that we have been working in the market.
A trading signal is a recommendation from analysts for entering a trade. However, it does not guarantee a positive result and should not be used to replace a market analysis. In order to maximize the benefit of the signal, we recommend you use it along with the technical and fundamental trading analysis. It is highly suggested to use the trading signal within 10 minutes of the suggested time. After this time, the quotes may change and affect the trade result.
For more information regarding trading analysis, please take a look at our FAQ sections:
- How to start trading using technical analysis: https://plus.olymptrade.com/en/help/category/5-start-trading-using-technical-analysis
- Trading by using fundamental analysis: https://plus.olymptrade.com/en/help/category/34-start-trading-using-fundamental-analysis
Best regards, Olymp Trade team.
Thank you for sharing this with us. We are sorry to see that your trade is not profitable.
We are a member of the Financial commission https://financialcommission.org/ru/members/participating-members-of-the-financial-commission/
We have successfully passed all the stages of inspections, and have been recognized as a safe, modern, and worthy broker. We fulfill our obligations to traders during the 7 years that we have been working in the market.
A trading signal is a recommendation from analysts for entering a trade. However, it does not guarantee a positive result and should not be used to replace a market analysis. In order to maximize the benefit of the signal, we recommend you use it along with the technical and fundamental trading analysis. It is highly suggested to use the trading signal within 10 minutes of the suggested time. After this time, the quotes may change and affect the trade result.
For more information regarding trading analysis, please take a look at our FAQ sections:
- How to start trading using technical analysis: https://plus.olymptrade.com/en/help/category/5-start-trading-using-technical-analysis
- Trading by using fundamental analysis: https://plus.olymptrade.com/en/help/category/34-start-trading-using-fundamental-analysis
Best regards, Olymp Trade team.
Very true, the past two days I have been encountering a similar issue. Today I confirmed it by placing an obvious 1000Rs win trade(Olymp Trade please don't tell me I need to analyze before I place the trade, I have been learning and understanding this market for the past 2 years and have been experiencing similar issues whenever I place a big amount.), as you mentioned there was a delay of 3-4 seconds in executing the trade. If there was no delay and had it been executed on time I would have undoubtedly profited as you can see in the image below but then the delay is because of our internet(sarcasm). Just look at the spike in the last millisecond, come on you're making it too obvious Olymp Trade. Manipulation at its best.
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smmmm's reply, Mar 28, 2023
Hey, I also posted my findings on how olymptrade manipulates the chart, check my comment on this thread. Can you go to help -> Assets -> search your trade asset -> go to quote history and check the price for the exact date and time, you will see abnormal price fluctuation at the last millisecond of your trade closing time to make your trade go in loss. I have verified it 2-3 times.
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.
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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.
MORE SOLID PROOF OF FRAUD | WITH REFERENCE TO MY ABOVE REPLY
I will make a video on this and upload it on youtube soon, guys support me to burst these fraudsters.
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
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]
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I will make a video on this and upload it on youtube soon, guys support me to burst these fraudsters.
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
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 appearing out of the blue, 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
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 appearing out of the blue, 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
Here is another proof of chart manipulation, check the below quotes history, how abnormally the price falls to 5982.42 exactly at 22:35:08.285 (which is exactly my trade closing time), while the above quotes fluctuating in the correct sequence of 65 to 61 as below.
22:35:04.[protected].65 () normal price fluctuation
22:35:05.[protected].64 () normal price fluctuation
22:35:05.[protected].61 () normal price fluctuation
22:35:06.[protected].65 () normal price fluctuation
22:35:06.[protected].61 (-4) normal fluctuation
22:35:07.[protected].64 (+3) normal fluctuation
22:35:08.[protected].66 (+2) normal fluctuation
22:35:08.[protected].42 (-24)
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22:35:04.[protected].65 () normal price fluctuation
22:35:05.[protected].64 () normal price fluctuation
22:35:05.[protected].61 () normal price fluctuation
22:35:06.[protected].65 () normal price fluctuation
22:35:06.[protected].61 (-4) normal fluctuation
22:35:07.[protected].64 (+3) normal fluctuation
22:35:08.[protected].66 (+2) normal fluctuation
22:35:08.[protected].42 (-24)
smmmm's reply, Mar 28, 2023
Continuing --
22:35:08.285 ---- 5982.42 (-24) <= here is the manipulated price, which suddenly falls 24 points exactly at that millisecond then the trade is closing. Check my trade which was opened exactly at 5, 982.43 and what a coincidence it shift exactly 1 point below at the very last millisecond, wow this is magic :P
22:35:08.285 ---- 5982.42 (-24) <= here is the manipulated price, which suddenly falls 24 points exactly at that millisecond then the trade is closing. Check my trade which was opened exactly at 5, 982.43 and what a coincidence it shift exactly 1 point below at the very last millisecond, wow this is magic :P
olymptrade manipulate at last milliseconds of trading close.. i experienced lots of time..
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