Global Broker Regulation Inquiry App
About WikiFX

Score

0 1 2 3 4 5 6 7 8 9
.
0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10

QLYMP TRADE

Saint Vincent and the Grenadines Saint Vincent and the Grenadines | 2-5 years |
Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

https://official.olymptrade-my.com/lands/LPL60-01-03/index.html

Website

Rating Index

Influence

Influence

D

Influence Index NO.1

Indonesia Indonesia 2.38
Surpassed 14.50% brokers
Business Region Search Statistics Ad Campaigns Social Media Index

Contact

https://official.olymptrade-my.com/lands/LPL60-01-03/index.html
First Floor, First St. Vincent Bank Ltd Building, P.O. Box 1574, James Street, Kingstown, St. Vincent & the Grenadines

license Forex License

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
2

Basic Information

Registered Region
Saint Vincent and the Grenadines
Operating Period
2-5 years
Company Name
Saledo Global LLC
Address
First Floor, First St. Vincent Bank Ltd Building, P.O. Box 1574, James Street, Kingstown, St. Vincent & the Grenadines
Business Region
Verified Site
About Us
Disclosure
Wiki Q&A
Comment

Users who viewed QLYMP TRADE also viewed..

VT Markets

VT Markets

8.68
Score
ECN Account10-15 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
VT Markets
VT Markets
Score
8.68
ECN Account10-15 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
Official Website
fpmarkets

fpmarkets

8.88
Score
ECN Account20+ yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
fpmarkets
fpmarkets
Score
8.88
ECN Account20+ yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
Official Website
EC markets

EC markets

9.24
Score
ECN Account10-15 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
EC markets
EC markets
Score
9.24
ECN Account10-15 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
Official Website
HANTEC MARKETS

HANTEC MARKETS

8.53
Score
ECN Account15-20 yearsRegulated in United KingdomMarket Making License (MM)MT4 Full License
HANTEC MARKETS
HANTEC MARKETS
Score
8.53
ECN Account15-20 yearsRegulated in United KingdomMarket Making License (MM)MT4 Full License
Official Website

Verified Site

  • olymptrade-my.com
    185.104.210.32
    Server Location
    Czech Republic Czech Republic
    ICP Registration No.
    --
    Top Visitor Locations
    --
    Creation Date
    --
    Website Name
    --
    Company
    --

Company Profile

Company Profile

Review summary

Olymp Trade Review Summary
Founded2021
Registered Country/RegionSaint Vincent and the Grenadines
RegulationNo regulation
Market InstrumentsForex, Stocks
Demo Account
Leverage/
Spread/
Trading PlatformProprietary trading platform
Minimum Deposit/
Customer Support24/7 Live Chat

Olymp Trade Information

Olymp Trade is an unregulated broker offering Forex, Fixed Time trades, and Stocks. It provides a free $10,000 demo account, charges no commissions, and features a proprietary trading platform.

Olymp Trade's homepage

Pros and Cons

Pros Cons
  • Free demo account with $10,000
  • Lack of regulation
  • No commissions
  • Limited information on trading conditions

Is Olymp Trade Legit?

Olymp Trade is an unregulated broker. The WHOIS search shows the domain olymptrade-my.com was registered on January 29, 2021. Its present state is “client transfer prohibited,” which indicates the domain is locked and cannot be moved to another registrar.

No license
Domain information

What Can I Trade on Olymp Trade?

Olymp Trade offers trading in Fixed Time trades (starting from 1 minute with a fixed rate of return), Forex (with no spreads and extended trade settings), and Stocks (for long-term investments, including major companies like Apple and AMD).

Tradable Instruments Supported
Forex
Stocks
Commodities
Indices
Cryptocurrencies
Bonds
Options
ETFs
What Can I Trade on Olymp Trade?

Demo Account

Olymp Trade offers a free demo account with $10,000 for risk-free learning, and also provides access to ready-to-go trading strategies developed by professionals to help increase efficiency.

Demo account

Olymp Trade Fees

Olymp Trade charges no commissions for investors.

No commissions

Trading Platform

Trading PlatformSupported Available Devices Suitable for
Proprietary trading platformDesktop/
MT4/Beginners
MT5/Experienced traders
Proprietary trading platform

Company Profile

  • 2-5 years
  • Questionable Regulatory License
  • Suspicious Operational Region
  • High Potential Risk

Wiki Q&A

What is the regulatory status and risk profile of QLYMP TRADE?

According to WikiFX data, QLYMP TRADE is an unregulated brokerage operating under the entity Saledo Global LLC. Its low SkyEye score of 1.44 and registration in Saint Vincent and the Grenadines present a high-risk profile for traders, indicating a complete absence of oversight from recognized financial authorities.

04-02
United States

Is QLYMP TRADE suitable for forex trading beginners?

Trading forex and CFDs involves a high degree of complexity and market risk. Whether you choose QLYMP TRADE or another trading platform, we strongly recommend that beginners thoroughly study forex basics before investing real funds. It is also highly advisable to practice with a demo account first to familiarize yourself with the platform's operations and market volatility.

04-02
United States

What essential information should I know before trading with QLYMP TRADE?

Before opening a live account, it is recommended to comprehensively understand the platform's regulatory status, deposit and withdrawal policies, spread costs, and overnight fees (swaps). Additionally, you can consult WikiFX to review the broker's latest score and user feedback to help you make a more informed investment decision.

04-02
United States

Apa arti broker memiliki beberapa lisensi regulasi?

Broker yang memiliki beberapa lisensi regulasi biasanya beroperasi di berbagai yurisdiksi dan harus mematuhi persyaratan dari beberapa regulator, yang dapat menunjukkan tingkat kredibilitas operasional yang lebih tinggi. Namun demikian, kekuatan pengawasan setiap lisensi dapat berbeda, terutama lisensi offshore. Disarankan memeriksa lisensi dari regulator utama seperti FCA atau ASIC melalui WikiFX.

Two days ago

¿Qué es un sitio web clonado de un bróker?

Un sitio web clonado de un bróker es una página fraudulenta que imita la información de una empresa legítima para inducir a los inversores a realizar depósitos. Estas páginas suelen copiar el nombre de la marca, el diseño del sitio e incluso la información regulatoria. Sus características comunes incluyen dominios similares al sitio oficial, información de contacto difícil de verificar y promesas de rentabilidad inusualmente altas. Una vez transferidos los fondos, normalmente resulta difícil recuperarlos. Se recomienda verificar el dominio oficial, la información regulatoria y utilizar WikiFX como herramienta de verificación adicional.

Two days ago

How can I determine if a forex broker is regulated?

To determine whether a broker is regulated, the key is to verify whether it holds a valid financial license. Investors can check the license number and status through the official websites of regulatory authorities (such as Financial Conduct Authority, Australian Securities and Investments Commission) to confirm whether the license is real and under valid supervision. It should be noted that some brokers may engage in license cloning or unauthorized operations, meaning they use another company's license or provide services in regions where they are not authorized. These situations also involve risks. In addition, investors can use WikiFX to check the broker's regulatory status, historical records, and risk ratings as supporting reference, so as to evaluate its compliance more comprehensively.

04-02
United States

¿Cómo determinar si un bróker está regulado?

Para determinar si un bróker está regulado, es fundamental verificar si posee una licencia financiera válida. Los inversores pueden comprobar el número de licencia y su estado en los sitios web oficiales de organismos supervisores como la Financial Conduct Authority (FCA) o la Australian Securities and Investments Commission (ASIC) para confirmar su autenticidad y vigencia. También debe tenerse en cuenta que algunos brókers pueden incurrir en clonación de licencias o prestación de servicios fuera de las jurisdicciones autorizadas, lo que implica riesgos adicionales. Según los datos de WikiFX, el estado regulatorio, los registros históricos y la puntuación de riesgo pueden utilizarse como referencia complementaria.

Two days ago

¿Cómo comparar diferentes brókers de forma eficaz?

Para comparar diferentes brókers, los inversores pueden evaluar factores como la situación regulatoria, la puntuación integral, el entorno de trading, las condiciones de cuenta y los comentarios de usuarios. Se recomienda priorizar la verificación del estado regulatorio y las licencias, seguida del análisis de la puntuación WikiFX y sus distintos índices. La herramienta de comparación multidimensional de WikiFX permite realizar evaluaciones más estructuradas y eficientes.

Two days ago
View More
Write a Review
1
Customer ServiceDownload AppScroll to TopTOP

Chrome

Chrome Extension

Global Forex Broker Regulation Query

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install

Select Country/Region
United States
※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qa@wikifx.com
Cooperation:business@wikifx.com