Broker Review OlympusMarkets: trading conditions and reliability
The OlympusMarkets broker is known for its unique approach to trading, offering its trading platform with over 200 assets, including CFDs, cryptocurrencies, and stocks. However, what does olympusmarkets.com hide? Let’s find out.
Company Information
The OlympusMarkets broker belongs to the Next Trade Ltd company. Their website states that the main goal of this organization is to help traders become successful. OlympusMarkets is also referred to as the best platform in the industry.
The registration of the broker’s parent company Next Trade Ltd in Vanuatu is not the best signal. The company is in Russia and Malaysia, and rumors have it that there was once an office in Luxembourg.
Trading Conditions and Opportunities
The OlympusMarkets trading platform offers over 200 instruments, a large number of currency pairs, CFD offerings, indices, and commodities. Additionally, they have seven types of trading accounts: Jade, Ruby, Emerald, Sapphire, Diamond, Islamic Sapphire, Islamic Diamond.
Specifically, Panasonic, Sony, and Apple. The Olympus Markets Trader platform offers fast trading with a large number of indicators and the ability to choose from nine order execution types. However, attention should be paid to high spreads and the lack of information about quote providers.
Terms of Use and Reviews
A poor personal experience with left reviews puts the company in an unfavorable position. Regarding legal nuances, Olympus Markets is responsible for clients’ losses when working with them, which is a serious aspect of dealing with the broker.
Conclusion
The review of the OlympusMarkets broker revealed certain shortcomings in their capabilities and the contradictory nature of the terms of use. We recommend paying attention to other reliable companies for trading in financial markets.
My experience with OlympusMarkets was extremely frustrating. The whole platform seems designed to confuse users and make it as hard as possible to manage your trades effectively. The customer service was also utterly disheartening. I found them to be unresponsive and unhelpful, which only added to the stress of my negative trading experience. I also suspect some dishonest activities as my account reflected inconsistent and suspicious financial discrepancies that went unresolved despite my complaints. I regret utilizing their services and don’t recommend OlympusMarkets to any serious trader.