Olympfxtrade is a CFD broker whose official website domain was registered on June 28, 2024. This broker primarily offers investment services to investors in markets such as Forex, cryptocurrencies, indices, stocks, energy, and commodities. It does not provide services to countries and regions where doing so might violate local laws or regulations.
Company Registration Information and Regulatory Status
According to publicly available information on the official website of Olympfxtrade (olympfxtrade.com), the broker was established in 2016 and is regulated by the Australian Securities and Investments Commission (ASIC). However, the broker does not disclose its company registration details or detailed regulatory information.
Research shows that the Australian Securities and Investments Commission (ASIC) has no record of a regulated company named "Olympfxtrade."
Therefore, Olympfxtrade (olympfxtrade.com) is essentially a fraudulent broker website with no real company entity or regulatory oversight.
Account Opening Process
To open a trading account with Olympfxtrade, visit the broker's official website, click on "Open Account" on the homepage or "SIGN UP" at the top right corner of the webpage to go to the account registration page. Fill in personal information such as your name, email address, and create a password. Submit the form, then verify your account to complete the registration.
Trading Instruments:
Olympfxtrade offers its clients a variety of trading products, including Forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves the exchange of different currencies, known for its high liquidity, allowing traders to profit from currency fluctuations.
- Indices: Index trading enables speculation on the performance of entire markets or specific industries without trading individual stocks. By exploring popular indices, one can discover diversified trading opportunities and use high leverage to boost potential returns.
- Commodities: Commodity trading covers essential global market resources, allowing traders to buy and sell various raw materials including metals, energy, and agricultural products.
- Stocks: Stock trading allows investors to participate in public companies' price fluctuations, earning from price changes and dividends without owning the stock.
- Cryptocurrencies: Cryptocurrency trading offers digital currency enthusiasts the chance to profit from highly volatile assets.
Investment Plans
Olympfxtrade offers four different types of investment plans: STARTER ACCOUNT, PREMIUM ACCOUNT, PLATINUM ACCOUNT, and FOREX SIGNALS.
STARTER ACCOUNT:
- Minimum deposit: $540.25
- Minimum expected profit: $17,288.00
- Trader education*
- Risk management
- Tax-free spread trading profits
PREMIUM ACCOUNT:
- Minimum deposit: $1,621.00
- Minimum expected profit: $51,864.00
- Expert news and analysis
- Competitive spreads
- Advanced trading tools
- Tax-free spread trading profits
PLATINUM ACCOUNT:
- Minimum deposit: $4,862.00
- Minimum expected profit: $155,592.00
- Full benefits
- Trader education*
- Advanced risk management
- Tax-free spread trading profits
FOREX SIGNALS:
- Professional Forex signals
- Up to 10 signals per day
- 95% success rate
- 24/7 support
- Advanced trading tools
- Bitcoin payments only
- Use any broker
Trading Platform
Olympfxtrade offers its own developed trading platform, claiming an average order execution speed of less than 7.12 milliseconds, featuring superior liquidity providers and executing more than 12,000 orders per second.
Deposits and Withdrawals
Olympfxtrade only supports depositing and withdrawing funds via cryptocurrencies.
Conclusion:
Traderknows reminds investors that Olympfxtrade is a scam broker that lures investors with promises of high returns. This site has neither a company entity nor any regulation. It is recommended that investors choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as a "Scam" on Traderknows.
