Olymptrade Under Fire – Fraud Allegations and Investor Outrage

The message is loud and clear for Olymptrade - Get your act RIGHT or continue to face fraud allegations and investor outrage. With investor complaints refusing to stop, Olymptrade has all but lost trust and goodwill. The company has allegedly accumulated wealth through questionable practices. Complaints have been around illegitimate account blockage, frequent withdrawal denials, and the apparent losses for investors. Let us share their complaints.

Top Trading Issues Faced at Olymptrade

Accounts Get Blocked When Profits Appear

Surprisingly true is this fact. When trading losses take place, customers have their accounts running. The moment the account starts to show profits and makes investors request withdrawals, the company officials block it to trap their wealth. While profits and losses are part of the forex trading game, accounts should remain active in any of these two cases. This did not remain the case with an investor who wrote a long and bad review of Olymptrade. Here is the review.

Different Device, Different Results - Hows That POSSIBLE?

It is possible at Olymptrade, which scams investors using strange tactics. These even include manipulating data on different devices. In contrast, when you trade with a genuine forex broker, the results will remain uniform across devices. A strange but true scam unfolded through this comment.

Only Fake Promises, No Withdrawals

Acquiring investors through fake return promises is increasingly becoming the routine for Olymptrade. But what about withdrawals? Nothing much to talk about! Withdrawal requests do not get approved even after 50 days, showcasing poor customer service. A screenshot showing this complaint is right below. Take a look.

The Biggest Reason Why You Should Avoid Trading with Olymptrade

The Vanuatu-based forex broker does not hold a valid license to operate a forex business. Imagine the numerous customers it would have scammed since its inception. The worst part about unlicensed brokers such as Olymptrade is the lack of transparency and safety, which remain the strength of reliable forex brokers. With Olymptrade, expect only scams and losses. Thats why WikiFX, the go-to forex broker regulation inquiry app, has assigned it a score of 1.67 out of 10.

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