Company Summary
| OlymphubsReview Summary | |
| Registered Country/Region | United Kingdom |
| Regulation | No regulation |
| Market Instruments | Forex, Commodities, Stocks, Indices and Cryptocurrencies |
| Demo Account | ✔ |
| Leverage | Up to 1:10 |
| Spread | Starting at 0.10 points for equity futures |
| Trading Platform | MT4 & MT5 |
| Min Deposit | RMB 10,000 (USD 1,500) |
| Customer Support | Phone: +44 7418 338884 |
| Email: support@olymphubs.com | |
| Physical Address: 20-22 WENLOCK ROAD LONDON ENGLAND N1 7GU | |
Olymphubs Information
Olymphubs is a financial service provider that can offer demo accounts, Islamic accounts, Standard and ECN accounts. What's more, it pays a lot on customer support, offering assistance through live chat, email support, phone support, and a comprehensive FAQ section. However, currently it has no valid regulation.
Pros and Cons
| Pros | Cons |
| Diversified trading products | No regulation |
| Support MT4&MT5 | The deposit threshold is up to $1500 |
| Offer demo accounts | |
| Offer Islamic accounts |
Is Olymphubs Legit?
Currently it has no valid regulation.
What Can I Trade on Olymphubs?
Olymphubs offers traders the opportunity to trade stocks, ETFs, funds, bonds, options and futures, derivatives and structured products, in addition to CFDS on currencies, stocks, commodities and indices. Finally, it claims to offer 35 cryptocurrencies, namely Bitcoin, Ethereum and others.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Stocks | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ✔ |
| Derivatives | ❌ |
| Structured Products | ❌ |
Account Types
Olymphubs offers a total of 4 different types of accounts to traders-Demo accounts, Islamic accounts, Standard and ECN accounts.
| Account Types | Demo | Islamic | Standard | ECN |
| Minimum Deposit | None | $100 | $100 | $500 |
| Leverage | Up to 1:500 | Up to 1:500 | Up to 1:500 | Up to 1:500 |
| Spreads | From 1.0 pip | From 1.0 pip | From 1.0 pip | From 0 pip |
| Features | A free and unlimited trading platform that allows traders to practice their skills without risking any real money | No swap charges, access to a variety of trading tools, and a dedicated customer support team | 24/7 customer support, educational resources, and a variety of trading tools | Ultra-low spreads, access to deep liquidity, and advanced trading tools |
Olymphubs Fees
Olymphubs charges different transaction fees based on different account types, and there are also non-transaction fees, including overnight interest fees，deposit and withdrawal fees and inactivity fees.
| Account Types | Islamic | Standard | ECN |
| Spreads | Starting from 1.0 pip | Starting from 1.0 pip | Starting from 0 pip |
| Commissions | None | None | Market-dependent, typically per-trade fees |
Trading Platform
Olymphubs's trading platform is MT4 and MT5, which supports traders on the web and mobile.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Web, Mobile | Beginner |
| MT5 | ✔ | Web, Mobile | Experienced |
Deposit and Withdrawal
The broker supports four payment methods: debit/credit cards, e-wallets like Skrill and Neteller, bank transfers, and cryptocurrencies like Bitcoin.
In addition, its minimum deposit requirement ranges from $10 to $500 depending on the account type. And generally, the minimum withdrawal is around $10.
JohanneT55
United States
Even though I have paid all of the withdrawal fees they asked for, my money is still with them. After a period of inactivity, they gave me a message informing me that I would need to wait for an announcement from them.
Exposure
FX695459
United States
How to recover your funds from Olymphubs, My bank card was frozen when I exchanged U.S. dollars into my account, and the account numbers on the platform were all fake! All information and transactions are virtual
Exposure
Monik42
United States
I have paid all the withdrawal fees they requested and have not received my money. They stopped answering my emails for a while and now they sent me a message telling me that I have to wait for an announcement from them.This is a nightmare and I just want my money, please help me with my withdrawal!!
Exposure
kametal
United States
I paid all fees they demanded, 10% balance, processing fee, cap fee, late payment fee, escrow fee, activation fee. They still haven't allowed me to withdrawal. first it's because there's acap, technical issue. They won't explain why they couldn't deposit in trust wallet after they demanded I activated with $10000. Last they sent me an email to request withdraw via bank transfer. mind you there's no promt to do so, (in the beginning was told bank transfer not possible it's credit union) support doesn't reply to my emails. A/M can't help much. Olymphubs I need my money back. please
Exposure