Trade Olympic claims to be one of the leading platforms in the United States offering Forex, Binary Options and competitive spreads. Trade Olympic is a Forex broker allegedly based in the United States. In the review below, we take an in-depth look at the features tradeolympic.com allegedly offers. The review covers aspects of its licensing, its account types, its leverages, its withdrawal, and deposit methods. Read through our review as we go through what information we could source to determine if Trade Olympic a scam or not.
Table of Contents
Trade Olympics Trading Platform
Trade Olympic offers many assets on its platform which we have come to expect from the everyday broker. These assets include binary options, Forex (with leverages as high as 1:400) and CFDs, Energy, Futures, and Precious metals.
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The site neglected to mention any company as their owner or partner. At the time of this writing, the domain register listed the site’s creation date as 23rd February 2020, meaning that the group has been in existence for less than four months.
Something we noticed is the disturbing similarities between this site and TradeOptions24.net. We surmised that this website is a clone of the TradeOptions24 (which is also a scam)
Trade Olympic Account Types
Trade Olympic claims to offer the following perks for its account.
CLASSIC
Minimum deposit of $500
Spreads: 1.9
Negative Balance Protection
Financial Plan
STANDARD
Minimum deposit of $1,000
Spreads: 1.5
Negative Balance Protection
Scalping
PREMIUM
Minimum deposit of $5,000
Spreads: 1.2
Negative Balance Protection
Scalping
Daily Signals
VIP
Minimum deposit of $10,000
Spreads: 0.6
Negative Balance Protection
Scalping
Daily Signals
Financial Plan
Trade Olympic Deposit and Withdrawal Method
This broker doesn’t give any information regarding depositing or withdrawing with them
Is Trade Olympic Licensed?
This brokerage claims to be located at East 14th Street, New York, NY 10003, United States. And they claim to Regulated by the CFTC and based in New York. It is also regulated by the IFSC of Belize, as well as the Cyprus Securities and Exchange Commission. The company is also registered with the Financial Conduct Authority of the UK.
Firstly, this brokerage hasn’t given any concrete form of license information. Secondly, we checked the database of every regulatory body listed on their website and none of the bodies have them in their database.
No, trade Olympic isn’t licensed.
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Accounts
Free Trial
Projects
SSL
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Licensed in UK(FCA), Dubai(DFSA), St Vincent and the Grenadines, Cyprus(Cysec) and Cayman Islands
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
1:500
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Licensed in UK(FCA), Australia(ASIC), Belarus(NBRB) and Canada(IIROC)
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
1:300
BEGINNER FRIENDLY
Licensed in Australia(ASIC) and Cyprus(Cysec)
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
1:500
Conclusion
We wouldn’t recommend using this forex brokerage, we are not impressed with the vague information they have provided.
In conclusion, we wouldn’t advise or recommend you to trade with Trade Olympic as the site is a clone of another fraudulent website. And their claims of being registered under multiple regulatory bodies are false.
Tradeolympic.com is likely a platform run by scammers, trading with them would likely result in you losing your money. There is a tremendous risk on any transactions interested traders may conclude with the brokerage and we deeply recommend they look elsewhere for viable trading options.