Olympus Forex Broker

Note: Olympus' official website: https://www.olympusmarkets.com/ is currently inaccessible normally.Olympus Review SummaryFounded2018Registered Country/RegionVanuatuRegulationNot regulatedMarket InstrumentsForexDemo Account❌Leverage1:5SpreadFrom 0.1 pipsTrading PlatformWeb-based platformMin Deposit$250Customer SupportEmail: support@olympusmarkets.comPhone: +74992131726; +60392121729Physical Address: 1 EQUITY WAY WESTLAKE, OH 44145Twitter: https://twitter.com/OlympusMarketsFacebook: https://www.facebook.com/OlympusMarketsVerified/; https://www.facebook.com/Olympus-Markets-256832808317665/ Founded in Vanuatu in 2018, Olympus is an offshore brokerage that offers a web-based platform for trading and comprehensive customer channels. However, this broker has an inaccessible website and a high minimum deposit. In addition, Olympus has been operating without any regulatory approval or licenses.Pros and ConsPros Cons Comprehensive customer serviceLimited info on trading conditionsNo regulationNo demo accountsHigh minimum depositIs Olympus Legit? Olympus operates without any legal regulatory oversight. In addition, Italy's CONSOB has issued a warning that the broker is unlicensed and engaged in fraudulent behavior, and therefore, you should avoid cooperating with the broker.Leverage The leverage offered by Olympus for any of its asset classes is limited to 1:5, which is very low in the industry and results in a low rate of return. Since this broker operates without regulations, you are advised to avoid trading with it.Trading platform Olympus only offers a basic web-based platform that doesn't even allow for basic operations like executing orders. However, the real issue lies in Olympus' lack of regulation. Once you deposit any funds and engage in any trading, your money will likely be scammed and you may never get it back.Deposit and withdrawal Olympus claims to accept credit card payments and wire transfers, but in reality, the company only supports deposit through cryptocurrency. Due to the irreversible nature of this payment method, once funds are deposited, they are likely unrecoverable.