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Olympius Global Review - is it scam or safe?

Olympius Global Review - is olympiusglobal.com scam or good forex broker?

RATING: 1 / 5 REVIEWS ForexBrokerz Olympius Global
Olympius Global is an offshore broker. Your money is not safe.

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Trading Accounts and Conditions

 

Trading account Min. deposit Max. leverage Spread
Standard  EUR250 1:500 3 pips fixed

  

Olympius Global is a forex and CFD brokerage that hasn’t shared any information about the company that runs it, nor about the costs of trading, and the account types it offers. This review will shade some light on the broker's service, so make sure you read it prior to investing any money. 

 

 

Olympius Global Advantages

 

Generous leverage

One of the few advantages of this broker is the fact that it offers leverage of up to 1:500, which is more than enough for any trading strategy. That said, bear in mind that trading with high leverage does not guarantee better results – in fact, most newbies lose more than they have deposited this way.

 

Solid selection of assets

It seems that Olympius Global’s offer is quite broad in terms of tradeable assets, and that is another plus. The broker offers trading in many currency pairs, as well as various CFDs - on indices, commodities, precious metals, and stocks. This allows for portfolio diversification which helps manage risk.

 

 

Olympius Global Disadvantages

 

Anonymous and unregulated broker

As we mentioned in the beginning, Olympius Global’s website is actually not very informative. It does not feature much information about the entity behind the brand, other than a contact number with a UK country code.  There is no address, nor any company name mentioned. This is a sign of trouble because traders who have fallen victim to a scam perpetrated by anonymous brokerages have very limited legal options afterwards. 

We remind readers that anonymity is a big issue in forex trading since the people operating such brokers answer to no known authority which leaves them free to conduct business as they see fit.

 

Blacklisted by the CNMV, related to another shady broker

Furthermore, we found out that Olympius Global was blacklisted as a potential scammer by Spain’s financial regulator, the CNMV, and this is another major red flag. Unregulated brokers are not allowed to operate on heavily regulated markets like the EU, USA or Asutralia.

 

 

In its official warning the CNMV also noted that Olympius Global  is related to Olympus Markets – a notorious brokerage, blacklisted by both the Spanish financial regulator and the German BaFin. Actually, the German financial watchdog went as far as ordering the broker to cease its illegal operations in in the country.

 

Unproven web platform, high spreads

Now, this is not as important as the previous points, but it’s still a negative. Olympius Global uses a web-based trading platform that is always been associated with unlicensed brokerage firms. The options for customization are limited, there are no expert advisors, and barely any room for comparison with the industry leading MetaTrader4.

 

Click on the image to view larger.

 

Besides, as you can see from the above image, Olympius Global’s spreads are by no means lucrative for traders – fixed at 3 pips on EUR/USD.

 

 

>> Compare the spreads of top forex brokers <<

 

 

High minimum withdrawal amount

Furthermore, in Terms and Conditions uploaded on the broker’s website we read that one cannot withdraw any amount below $500 (via wire transfer), which is also unfavorable to traders. Given the fact that Olympius Global is most likely a scam broker, it would be surprising if it allows withdrawals at all.

 

 

Conclusion

 

Olympius Global is another brand of the scammers behind Olympus Markets, so we would advise readers to stay away from these brokers, as well as from any other unregulated forex provider.  Unfortunately, the forex trading world is full of fraudsters, and the only way to stay safe is to deal with brokers licensed by reputable financial regulators, that have set strict rules guaranteeing the investors’ safety of funds.

 

That being said, one of the most trustworthy authorities is the UK’s Financial Conduct Authority. You can find more information about regulation in the UK, as well as a list of licensed brokers below:

 

 

>> Trade with a FCA-regulated broker <<

 

 

And finally, here are the highlights of our review of Olympius Global:

 

Pros Cons
Generous leverage Anonymous and unregulated broker

Solid selection of assets

Blacklisted by the CNMV, related to another shady broker
  Unproven web platform
  Spreads not announced, high ones on the platform
  High minimum withdrawal amount

 

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Traders` reviews for Olympius Global

Spread

Pros

Cons

 

 

Slippage

Pros

Cons

 

 

Requotes

Pros

Cons

 

 

Price feed

Pros

Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

Cons

 

 

Summary

Pros

Cons

 

 

Olympius Global Scam - Dont trust them!!!!!!!

Olympia markets and later a…
Olympia markets and later a fusie/merger with olympius global
First 250 euro, and one week later 50 euro back, august/sept 2019
Two weeks later 3000 euro more.
In december i was asked to send 6000 euro more ( I think Daniel Romanov needed it for a good Christmas).
I refused, no trust anymore.
Angry, irritated and i was told that my money ( on that moment about 5000 euro to see on my account and still there this amount, but probably just a computer who fakes the numbers!!) should be send back to my Lite Bit account. He told me that i should hear nothing from him anymore: finishing contact: +447585793675.From 12 december till 13 januARY NOTHING HAPPENED!!!!
So fading away my money, and when i send a lot of mails, only a computer answers kind of standard reaction: they will answer.
Dont trust them: scam!!!!!!!
Tj.J.

t walle 01/13/2020

olympiusglobal.com Qualified Global Fraud Organization

This fraud organization works as follows.
1. First of all, they make advertisements by using well-known people in the world. They form an opportunity to get investment.
2. The opportunity is to show the customer what they want in their systems to show the customer how to make some investment and how much they will earn.
3. Only 10 % of your deposit will be opened and the account will never be compromised.
4. In order to build confidence in making big profits with small investment, the investment consultant calls almost every day and starts sincerely and privately with you to understand your investment power and use a variety of methods to get more investment.
5. The investment advisor starts to put more pressure on more investment and try every way to convince.
6. When you want to make a withdrawal request to trust the company, if your account is a verified account, you can withdraw at any time, but it does not actually process the withdrawal request.
7. When you find out that you are losing confidence and will not invest any more, you can no longer contact the investment advisor. I will not be going abroad for 2 weeks, but he gives information, but you can not reach again.
8. You meet a different contact person who can forward your withdrawal request and responds to you that you cannot withdraw money without making 1000 transactions according to company rules.
9. You are not allowed to take any action on the account by stating that your account is a robot account and you cannot make any transactions.
10. Then large volume positions are opened in the account and held in the damage position for a long time.
11. Then you have hurt positions, they want to withdraw more money by frightening you by saying let's decide together.
12. If you do not take any action on the account by initiating damage transactions to perform the necessary actions to melt the account with care.
13. In a non-swap robot account, they write funny swaps of EUR 500 for 1 day trading and destroy your money in front of your eyes.
14. When you make money to these scammers, it is their money and not yours. You just watch how they scam you.

Yaz Toka 01/08/2020

Beschwerde ggf. Strafanzeige wegen Internetbetrug

Olympius Global betreibt bandenmäßigen Betrug und Diebstahl von deinem angelegten Geld, anfangs 250,00 EUR. Erst wird man durch sog. Finanzberater "betreut" und genötigt, weiteres Geld anzulegen. Wenn nicht, wechselt der "Berater", es gibt schon fast Telefonterror, weil man kein weiteres Geld investiert. Als ich das unseriöse Handeln erkannte und gemäß $ 16 mein Konto kündigte und das leicht angewachsene Kapital von ca. 320,00 EUR mit Auszahlungsformular beantragte tat sich nichts. Plötzlich war mein Geld von Geisterhand weg. In den täglichen Tradingunterlagen war dies nicht sichtbar.
Ich habe der Firma bis Jahresende die Möglichkeit eingeräumt, zumindest meinen Anlagebetrag mir zurückzuzahlen und anderenfalls werde ich eine Strafanzeige erstatten. Ich kann jeden Geschädigten nur raten, ebenfalls eine Strafanzeige zu erstatten, damit es diesen Betrügern wie bei Olympos Market ergeht.

Translated by Google:

Complaint, if necessary, criminal complaint about internet fraud

Olympius Global carries out fraud and theft of the money you invested, initially EUR 250.00. First you are "looked after" by so-called financial advisors and forced to invest more money. If not, the "advisor" changes, there is almost telephone terrorism because you don't invest any more money. When I recognized the dubious behavior and canceled my account according to $ 16 and applied for the slightly increased capital of approx. EUR 320.00 with a payment form, nothing happened. Suddenly my money was gone by magic. This was not visible in the daily trading documents.
Until the end of the year, I gave the company the opportunity to at least repay my investment amount and otherwise I will file a criminal complaint. I can only advise anyone injured to file a criminal complaint, too, so that these fraudsters fare like Olympos Market.

Manfred Stephan 12/30/2019

Scam 100%

I was scamed with 26'000 euro.Nothing is thru wat this poeple is telling you. Only lies and false promessions.

U.Stuecklin 12/23/2019
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