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Score

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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

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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

What are the most common and reputable forex regulatory authorities?

Common forex regulatory authorities include the Financial Conduct Authority (FCA) in the United Kingdom, the Australian Securities and Investments Commission (ASIC), the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in the United States, the Cyprus Securities and Exchange Commission (CySEC), and the Monetary Authority of Singapore (MAS). These regulatory authorities usually maintain relatively high regulatory standards, and brokers regulated by them generally have higher compliance levels. You can check broker ranking lists under different regulators on the WikiFX platform, such as brokers regulated by FCA, ASIC, and CySEC, so as to compare brokers under different regulatory backgrounds more clearly and make safer choices.

04-02
United States

¿Cómo identificar si un bróker presenta un perfil de riesgo elevado?

Un bróker puede evaluarse como de mayor riesgo considerando factores como la situación regulatoria, las reclamaciones de usuarios, la seguridad de los fondos y la coherencia de la información pública disponible. En general, los brókers sin regulación válida, con problemas frecuentes de retirada o con un elevado número de reclamaciones suelen presentar mayores niveles de riesgo. En WikiFX pueden consultarse el estado regulatorio, la puntuación integral, los registros de exposición y las opiniones de usuarios como referencia adicional.

Three days ago

¿Qué es WikiFX y cómo puede ayudar a los inversores?

WikiFX es una plataforma independiente que proporciona servicios de consulta de información sobre brókers de divisas y alertas de riesgo. Integra datos regulatorios, comentarios de usuarios y registros históricos, y realiza evaluaciones mediante un modelo multidimensional para ayudar a los inversores a comprender la situación general de un bróker y sus posibles riesgos. Este tipo de herramientas permite realizar una verificación preliminar antes de elegir un bróker.

Three days ago

What is a clone broker website?

A cloned broker website refers to a fraudulent website that imitates the information of a legitimate broker. Such websites usually copy the real company's brand name, page design, and even regulatory information to mislead investors into making deposits. Common features include: a domain name highly similar to the official website (such as slight spelling differences), abnormal or unverifiable contact information, and promises of unusually high returns. Once funds enter such platforms, they are usually difficult to recover. Investors can identify potential risks by checking the official domain name, verifying regulatory information, and using WikiFX for cross-verification.

04-02
United States

How should I compare different forex brokers to find the best one?

To compare different brokers, investors can make comprehensive judgments from multiple dimensions such as regulatory qualifications, overall ratings, trading environment, account conditions, and user feedback. In general, priority should be given to regulatory status and license information, followed by WikiFX ratings and various indexes (such as risk control, software, and business indexes). At the same time, trading conditions (such as spreads and execution speed) and account information (such as minimum deposit and account types) should also be compared. In addition, user reviews, exposure records, and risk assessment information can also be considered to evaluate broker safety and trading experience from multiple aspects. The WikiFX platform also provides multi-dimensional broker comparison tools. Users can select different brokers for visual comparison and comprehensive analysis, so as to make decisions more efficiently.

04-02
United States
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※ 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.
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