How do you think about OlympTrade? Legit or Scam?

[MrSpasybo]

"The Olymp Trade team continues a series of events for the trading community. The challenge format has shown excellent results. We decided to go on and improve this kind of competition.

The Olymp Trade analysts were the main participants of Profit Challenge&Quest held in March. In OneDollarChallenge, traders will be taking part as well!"

https://blog.olymptrade.com/onedollarchallenge-how-to-win-twice/

I just saw OlympTrade launch another new challenge, and the community began to respond. However, I & many people never think OlympTrade is a platform worth joining. Although there are pairs of BTC/USD, BTC/ETH... participants do not actually buy or sell anything, they only bet, speculate on the price movement after a few minutes, then receive a reward of 30-80% of the value or lose 100% of the bet value.
To be honest, I think it's more like a gamble.

What do you think about this exchange, and have you ever experienced it?

[HarryCallum]

Olymp Trade is legal in Vietnam and there is currently no legal framework for this type of option. Therefore, no one can confirm that Olymp Trade is a scam, this is also the question of many people when they first learn about Olymp Trade. I used to play Olymp Trade and feel this form is not easy to make money at all, and it is more like gambling than a form of financial transactions like crypto, forex or currency.

[LiamJohn]

Some players also claim Olymp Trade as a scam because when they win, OlympTrade tries to block their account, or restrict trading, block withdrawals or want to withdraw, wait a long time, but when losing money, you lose money.

[Jaephoenix]

Olymptrade is actually legal and legit, however the way they advertise their product and services leaves a lot to be desired. It is almost in a spammy and scammy manner. 

[krypto4uvak]

It seems to me that this is a scam (((

[KryptoBull]

OlympTrade is a derivative market trading based on currency pairs, possibly involving crypto. In many countries, this is legal, but in Vietnam this type of business has not been reviewed and is mostly run underground.
I am not sure whether OlympTrade manipulates data, but the way they advertise in Vietnam carries many signs of fraud by providing insufficient information to participants, making them feel that making money at OlympTrade is very easy.
I place OlympTrade in a high risk portfolio. It is best not to participate.

[Keelin]

Olymp Trade is a legitimate company in which your investment money will not be stolen or deceived, however, not only Olymp Trade but most of the binary brokers offer expectations. Unrealistic victory to attract investors, so you need to be very alert, consider and come up with a reasonable investment strategy.

[Esperanza12]

I used to play Olymp Trade and feel this form is not easy to make money at all, and it is more like gambling than a form of financial transactions like crypto, forex or currency. and I see it all transparent and clear, with no signs of fraud

[Naimah]

OlympTrade is a scam Broker, I have lost $ 2300, and my account is locked and cannot be withdrawn.I opened my account at olymptrade for about 3 months, after 3 deposits of 100 dollars were burned. I tried to get in touch via email, but the phone got no response.

[Gurjasmeet Singh]

I think it's not easy to olymp trading to get good earnings. So l can't satisfy this type of trading. Thanks.

[Istiak]

I haven't seen anyone claiming that olympa trade is a scam. This is actually an option trading platform and its like gambling in my opinion. You can get 70-80% profit in just 5 minutes and if that is not gambling then what is it! I don't like this type of trading and you could lose everything you have in just a matter of minutes.

[Thymoty]

I don't see Olymptrade is Legit, Olymptrade and IQ Option are almost the same and really pure gambling..

[Michael.sol]

Olymp trade is not SCAM , but we can say we need a lot of experience and knowledge inorder to generate a coll money through it . Personally I didn't trying olymp Trading because I think this is platform for experienced traders .

[sidik7]

I'm still not traded in Olymp trade but many friends also offer to try trade there because im not have experience i not to do that is very risk also and still learn from all friends.

[wawan96]

Olymp Trade still be in trust for all users if a day does not go well then immediately leave I see this platform as binomo almost similar because just like gambling and this platform is not good for the long term because of the risk of more losses in the can I was trying to use Olymp trade and make a deposit  $ 50 right of this as a gamble not to place trades.