Trade Olympic Scam Review

OFFICIAL SCAM URL: tradeolympic.com

Trade Olympic claims to be a world leading broker for binary options, Forex, crypto, stocks, commodities, and indices. Yes, it definitely appears to be a very versatile broker with so many different markets to trade in and thousands of assets to choose from. Moreover, what makes tradeolympic.com so convincing is that the website itself actually looks reasonably good.

It’s no feat of online engineering, but it still looks like a good amount of work and effort was put into it. That said, looks can be very deceiving, so we aren’t about to trust this Trade Olympic broker because the website looks OK. The fact of the matter is that there have been more than a few complaints lodged against this broker, and for good reason.

We did a lot of digging around into tradeolympic.com, and what we found through our research did not inspire any confidence. In fact, we did come across a number of red flags which indicate that something shady is going on. This is our Trade Olympic scam review and we are here to keep you and your finances safe from harm.

Trade Olympic Scam Factors

As mentioned above, there are a number of Trade Olympic scam factors that we need to talk about. There is more than 1 sign that this broker is a scam.

Leadership

First off, if you take a look at tradeolympic.com, you will notice that there is not a single mention of company leadership, nothing at all. We looked far and wide, but could not figure out who is in charge of this broker. We are not informed of who owns or leads this company.

This is a very bad sign and it is what we like to call a faceless and anonymous scam. Think of it this way, unless there is something illegal and shady going on here, why else would the owners choose to remain anonymous? We can’t trust these people with our hard earned money when we don’t know who they are.

Trade Olympic Contact Info

Another thing which stands out about the Trade Olympic broker has to do with the contact info. Yes, we are provided with a both a contact phone number and an email address. However, they simply don’t work. We tried calling the phone number, but it was not in service.

Next, we also tried sending these people a few emails, but nobody ever responded to this. This total lack of communication is a very bad sign. Why don’t these people want to talk to us? A lack of communication like this is another indication that a scam is afoot.

Registration & Licensing

What we know for sure about the Trade Olympic broker is that it is neither registered nor licensed. This broker claims to be based in the USA. Well, in the USA, online binary options brokers are prohibited.

There is no way that this broker can be registered in the USA as an official business when it claims to do something that is not legal in the USA. Just to be sure, we checked with the US business registry, particularly in New York where this broker claims to be located, but we came up empty. This broker is not registered in the USA.

Moreover, seeing as BO trading of this sort is not condoned in the USA, there is also no way that it has a license to do this. Yes, brokers need to be licensed, and tradeolympic.com claims to be regulated and licensed by the CTFC.

Well, this is simply not true at all. It is a totally false claim. Seeing as this broker is not registered, regulated, or licensed, it is therefore a totally illegal operation. It has no business handline anybody’s investments.

Trade Olympic Accounts

Something else that stands out about the Trade Olympic broker has to do with the accounts. Did you know that the industry standard for minimum deposits is $250? This means that brokers have no business asking for minimum deposits higher than $250.

Well, this broker, for the lowest account level, you still have to make a deposit of at least $500. This is very suspicious to say the least, and it definitely doesn’t fit in with the industry minimum. Apart from some small differences, all account levels here are exactly the same, yet another indication that something fishy is going on.

The Trading Platform

Next, we also noticed that this Trade Olympic broker claims to use a number of popular and trusted trading platforms. However, this does not appear to be true at all. Yes, the claim is that people can use MT4 and MT5, but this is not true. The only option which traders have here is to use the custom built platform created by these very same people.

The point here is that you are forced to use this specific platform, and for good reason. The reason is because this particular web based platform has absolutely no security or encryption measures. This makes it a very unsafe platform, and it actually makes it much easier for these crooks to steal your money.

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Withdrawals

The other thing worth mentioning about tradeolympic.com is that it simply does not allow users to withdraw any money. With dozens of people contacting us to complain about this broker and how they were not able to withdraw money, it is apparent what is going on here. Trade Olympic is simply stealing money from its traders. What ends up happening is that funds get drained out of accounts and those accounts then get shut down.

Trade Olympic Review – The Verdict

The bottom line here is that the Trade Olympic broker is undoubtedly a scam, an exercise in highway robbery. The one and only purpose it serves is to steal money from traders such as yourself.

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