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Olimp Finance Review - is it scam or safe?

Olimp Finance Review - is olimpfinance.com scam or good binary options broker?

RATING: 1 / 0 REVIEWS Olimp Finance
Olimp Finance is not regulated. We cannot guarantee your money is safe.

Trading Accounts and Conditions

 

Account type Min. deposit Welcome bonus Payout
Starter  N/A 50% N/A
Professional  N/A 75% N/A
Olympic  N/A 100% N/A

 

Olimp Finance is a binary options broker who offers trading in almost 150 assets, including indices, stocks, commodities, currency pairs. Its clients can choose from the above trading packages, but as you can see, the only specifics shared with potential customers are the on-deposit bonuses, and some extra services such as trading signals. The payout percentages are not disclosed, nor the minimum investment required. What is worse, we could not sign up with this broker for some reason and test it services.

 

 

Judging by the images uploaded on Olimp Finance’s website, it uses some web-based platform and offers payouts of 70%, which actually is not much. Most binary options brokers offer payouts of at least 80%. For example, Grand Capital’s payout percentage reaches 86%. Besides, it is one of the few brokers that uses the popular MetaTrader 4 for binary options trading.

 

 

The Company. Security of funds

 

According to the information on its website, Olimp Finance is operated by Cassius Services Limited, a company based in London, UK. It is not regulated by the UK’s FCA, nor by any other authority, though. This should not come as a surprise, considering the fact that binary options are currently banned throughout Europe and the EEA.

 

However, Olimp Finance has been illegally offering its services to residents of the UK and therefore the local Financial Conduct Authority has issued a public warning against it. This is a major red flag with regards to this broker.

 

 

 

Conclusion

 

Olimp Finance is an unregulated binary options broker, which doesn’t provide much information on its trading conditions, nor the company behind it. On top of that, there is a regulatory warning against it issued by the reputable FCA, which make Olimp Finance seem like a highly unreliable trading partner.

 

 

>> FCA-regulated forex brokers <<

 

 

That is why we suggest that you chose regulated forex broker instead. Some of the industry leaders are authorized in the United Kingdom and overseen by the FCA, which forces them to comply with a number of strict rules, thus lowering the risk of fraud providing assurance for the safety of the clients funds.

 

Latest news about Olimp Finance
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Traders` reviews for Olimp Finance

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