Olympus Markets Broker Review

File a Complaint Against

Olympus Markets

Know Your Options and Recover Your Funds

Do You Want to Know If Olympus Markets Is Legitimate or a Scam Broker?

Olympus Market is proof that even though a broker has a license they can still be a scam. Olympus Markets has a license from Vanuatu, which doesn’t provide any oversight. It doesn’t take much to get this license. There is no auditing, not much paperwork, and once they give a license, they don’t check up on the licensees. One way we know that the license doesn’t matter is that Olympus Markets offers huge bonuses as a bribe when regulators don’t allow this. In fact, Olympus Markets has been flagged by the Italian regulator CONSOB as a potential scam broker.

There Are Some Problems with Olympus Markets

The bonuses are just window dressing. The client never receives this money at all, because Olympus Markets don’t grant withdrawals. Of course, clients don’t know this when they sign up. One giveaway that this is a fake broker is the many unverified claims. For instance, the broker claims to be award-winning but doesn’t mention which award they won. Wouldn’t they want to show off this information? We don’t believe they won any awards at all.

Red Flags that Olympus Markets Could Be a Scam Broker

Third-rate license
Flagged by CONSOB
No transparency
Illegal bonuses
Unverified statements
Bad reviews

If You Need Fund Recovery from Olympus Markets, Talk to Us

We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with this broker, close it and request a withdrawal. If you are not given your money back, contact Broker Complaint Registry right away. We will consult with you, work to track down your funds and create investigative reports, and will assist with fund recovery efforts.

e about how much money you can make on their platform. However, you won’t walk away with anything. In fact, you are likely to lose the principal. SagaTrade has been flagged by a dizzying array of global financial regulators, Including the FCA, FMA, CONSOB, CNMV, and FSMA. No broker that has this much negative attention from regulators can be a legitimate operation. SagaTrade has no license and has plenty of negative firsthand accounts from customers.

There Are Some Problems with SagaTrade

We’ve read some pretty outrageous things about SagaTade. One customer said that they convinced them to install software that allowed them access to their computer. They also maintained absolute control over the client’s account and wouldn’t let them withdraw. They also demand a high minimum deposit, over five times the average. This is a sign they really want to steal money and not provide any trading services.