[Resolved]  Olymp Trade — they block my account and not give me my full money

When i loss at that time they not verify my account and when i am starting gain profit they block my account and when i contact customer support they told me that i violates their policy and simply they block my account and they give me money which is nearly less than around 70000 ₹.
I submitted all the documents but still they block my account.
So i request all of you that don't trade in olymp trade it's a fraud platform
Was this information helpful?
No (0)
Yes (50)
Aug 10, 2021
Complaint marked as Resolved 
Olymp Trade customer support has been notified about the posted complaint.
Verified Support
Jul 24, 2019
Olymp Trade Customer Care's response
Pintu Gouda, thank you for reaching out!

On our platform verification is a standard procedure which every trader comes through at his own time. It helps us to maintain security and transparency of all the operations on the platform. An account can only be blocked if the violation of trading rules, which every trader accepts while registration, took place. It is a serious measure.

Please, provide us your account ID, so we could investigate your case and specify the reason why the account was blocked. We will guide you about the further actions which could be undertaken.

Best regards, Olymp Trade team.
Complaint comments 

Comments

If you break the contract, so what’s the difference whether you completed the verification or not? Olymp Trade doesn’t have to pay anything in such a case, you are the offender. They even paid you 70000 ₹ so why are you complaining, lol?
You are blaming Olymp Trade, saying that they are frauded, and you personally even not saying what you’ve been claimed against? If you think they scammed you, then file the claim, what’s the problem? It’s 21st century, even if the company is registered in another country, it’s not a problem to bring a lawsuit in the courts…Of course, if you are right, otherwise all is left to do for you is to complain on forums;)
Anuj Chaudhary1's reply, Feb 17, 2022
Bro Olymp trade is a complete fraudulent website. Never trust on Olymp Trade
Kevalgogri 's reply, Jun 7, 2022
your just someone who the company has opted to take their side from CRMS department, stop acting as a gold professional. The fact is the company is misleading information and only discloses them when you try to withdraw funds why is that its not being checked when your depositing funds.
Olymp Trade is Fraud and is cheating.
For all the time I've been working on Olymp Trade platform (which is more than a year by now) I haven't had any issues at all. The orders are created literally in a matter of minutes. A couple of times I tried to compare the Olymp Trade charts and prices with Tradingview - there's almost no discrepancy, the price proves to be market-based. Recently, I've made already the second withdrawal, and the funds arrived the very same day. In my opinion, that's a great platform, what else needed?
My account has been blocked by olymptrade on baseless allegations against me as per there clause in service agreement under article 2.1
There above mentioned clause was never breached by me but the company has filed false allegations against me under suspicious trading activity.
My account was blocked during live trading when my positions were opened for trade.The company has taken the final decision without notifying me during the live market hours.I had zero power to even negotiate as to why the account was blocked.I have tried to contact as many customer care executives in order to get a proper clarity on the issue. Inspite of me proving the company that none of the above clause was breached, olymptrade has taken the final decision to block my account without verifying with the customer.The last deposit was also not refunded i.e 150 U.S dollars.The open trades were closed by olymptrade without my consent.I have gone through a lot of mental agony and frustruation over this entire episode. The account was blocked on 29th july 2021 at 7.10 PM IST. No one resolved my issue and nobody could give me a proper clarity on this issue.This seems to be a day light robbery and its. proper scam which olymptrade executed upon me.
Shirin6969's reply, Aug 19, 2021
Hey brother usually you get a mail from them that the your account is blocked and your final payout will be this much… you usually have to wait for 10 working days for the amount to be refunded m
Hi all,
I was opened olymp trade account and paid 30000 from my brother's account. But i can't able to verify my account. So can't able to withdraw my amount. So if I close my account then what will happen? Is my money back??
Hi all, I am helping all youngsters here because I see more youngsters are using this app. Please please it's a humble request 🙏🙏 to not lose your money on this app, uninstall this app asap and move on with your life, if you are really interested in trading, learn intraday in the Indian stock market (NSE/BSE) which is backed by gov entity SEBI.
RBI has already banned this app, you can check here - https://rbi.org.in/scripts/bs_viewcontent.aspx?Id=4183

I have been using this app for a month now already lost more than 200 dollars, this is my research on this app. You can trust my research because I do intraday trading in stock market, so I am quite experienced trader.

How it all begins
- You get influenced by watching fake YouTubers and influencers showing how they earn 1000s of dollars per day by making a 1-2 minute trade, which is totally fake.
- You download the app and see that it has a demo account with demo money.
- You start trading with a demo account, and you see how easy you are winning the trades, you will start winning 7 out of 10 trades.
- This will motivate you to try with your real money.
- That's where the game starts when you start trading with real money, the chart starts manipulation, and you will start losing 7 out of 10 trades because the prices are manipulated.

Check my other complaints and comments, I have already shared the proof of how olymptrade fraud chart manipulation works.

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 contact
    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
    79%
    Complaints
    1498
    Pending
    366
    Resolved
    1087
    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