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Olymp trade scam, stay away from it!

Over a year a go , i wrote about olymp trade scam that people have been falling for, i fell for it myself.

I wrote an article about them but my site crashed and i lost the article and the ranking, while looking for some Christmas deals online i stumbled on the same shady write-up that misled me into putting my savings into olymp trade which wasted my money in no time.

The stories will come in many titles but it will explain the same strategy, they use pictures of big cars and stars so when you come across such shitty story then be sure to stay away from it.

Below is the write i got from them in quote.

How I Earned $89,500 to Buy a Car of My Dreams in Just Four Months

“Do you have enough money? Do you have everything you’ve been dreaming of? Are you happy with how your life is going? If the answer is ‘Yes’, then just don’t waste your time: close this page.

Those who answered ‘No’, go on reading. I’ll tell you how to quit your annoying full time job and start earning $400 or $600 a day just in 2 days, from the comfort of your home.

I succeeded in it, and if you want, you’ll be successful, too! It won’t hurt me if I share this secret with you, while it will help some of you to change your life for good and finally become financially free.

First, a couple of words about myself. My name is Ifeoma Okeke. I’m 26, I live in Lagos, Nigeria, and I’m just an ordinary girl from a family, which cannot by any means be called ‘well-off’. I was born to middle-aged parents. My Mom was a nurse at a clinic, while my Dad was a dump truck driver.

When a girl, all I remember was that my parents made every effort to buy the cheapest food and clothes possible. If they were lucky enough, they would save up a bit for end of the year holiday. We even could go to village once in 3 or 4 years.

Once graduated from secondary school, I didn’t even think about going to university, as I needed to raise money for my parents (already retired) and myself.

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So I found a job instead, worked as a sales assistant, with a monthly wage around $45. It was 2011, and this was quite a good wage for Lagos.

I made enough money for living, but I had a dream, which was to buy a brand new Mercedes-Benz. I knew it was extemely expensive and I’d have to save up for years. However, this was fine with me. After all, it was a dream, and you just can’t make your dream come true in a day or two. Well, this is what I thought at the time…

In a few years, the financial crisis came. It was March, 2015, prices jumped up, people were in panic. I actually had nothing to lose, so I just went on working as usual…

However, 3 months more passed, and the children wear shop I worked at turned bankrupt, so here I was, with no job nor income sources at all, having to live on my parents’ retirement benefits.

These were actually joyless times. I was looking desperately for any possible job opportunity on the Internet, but after nearly two months, there were no results at all.

Another two weeks passed, and I was about to abandon all hope, then suddenly I bumped into a web page. This was a story about a guy who had earned $5,000 on the net, in front of his computer, without even leaving the house he lived in!

He said he had traded binary options via OlympTrade.

I felt dizzy. Could it be the opportunity I’d been looking for, the one that comes up once in a lifetime?

At first, I hardly understood anything, but I went on reasearching more info, websites, forums, blogs, and other sources on this topic, and, eventually, I became quite knowledgeable in it. I felt so happy that I even remember this now. It was so exciting to think I became an expert and could now start earning cash online…

Now, let’s put my story a bit aside, as I also want you to know what I’m talking about. I’m going to tell you what are binary options, in a nutshell, so that you don’t have to research dozens of websites, just like I did. I’ll just save you a lot of time and effort.

Binary options are a revolutionary way of earning in the financial markets, which is very straightforward, quick, and extremely lucrative. You probably know what financial markets are venues where currencies, such as the dollar, the euro, or the pound, are are traded 24/7, i.e. with no breaks or days off whatsoever.

What you need to do is just open a free account on a binary options website (a broker website), then make a deposit, select an investment amount and predict where the price (for example, the US dollar exchange rate) will go in a few minutes or hours.

There are only two options available: High or Low. The trade may last for any time from 1 minute to 3 hours (the expiry time), and you may select any time frame in between. If your prediction is correct, your investment amount is nearly doubled; if is it wrong, well, you just lose your investment amount.

So, this will actually be your job if you follow my instructions. This is called ‘trading’, and a person who works in such a way is called a ‘trader’. As a trader, you can work any time wherever you are, all you need is a computer with stable internet connection. As you see, it’s pretty straghtforward, even a 10-year-old would understand how it works!

When I finally became fully knowledgeable about the process, I got so excited that I knew I needed to try it out right away.

I signed up for a free account at OlympTrade, the same broker that guy wrote his story about. Later, I learnt this was indeed one of the best binary options brokers on the net.

Once I opened my account, I got $10,000 in demo credits, very handy for testing and practising. This is also absolutely free for all.

So I started trading with these virtual credits, and just in a single hour I made a 11,000 profit! Of course, these were just demo credits, while I was hunting for real cash. Well, you can’t do that without depositing, and with OlympTrade, this is not an issue at all, as you’ve got many deposit options, such as major credit cards (Visa or MasterCard) and e-wallets.

I made a deposit the very same day using my old Visa card, which I used while I still worked at the shop. I decided to invest a small amount first, and this is a great advantage of OlympTrade, as you can start trading there with as low as $30! Well, this is an amount even I could afford at the time.

I had hardly traded for an hour with my real cash when my account balance rose to $64. This was really incredible!!! My heart was about to burst, and I could hardly breathe! The only thing I could think of was: Ngiyabonga Jesu! I MADE IT!!!

I didn’t sleep at all that night, and by the next day I already had $197 on my account. Yes, that’s right, a hundred and ninety-seven US dollars!!! With just $30 I had deposited the day before. I couldn’t believe it!!! I would have been stuck to my PC forever and ever, but I still needed to get some sleep, so I just headed to bed, while every step cost me effort.

Once I woke up at around 12PM, I logged into my account first thing. $197 were still there. Not a dream, then!

For the whole next day, I was completely stuck to my PC, and at midnight my account balance was at $773!!! I think I will remember this number forever, as this was my first serious success.

Look, $773-$197 makes $576, this is how much I earned in 12 hours. I had not earned such an amount in less than a day before!

That night, before going to bed, I made a withdrawal request to cash out $700 on my Visa card. Before I fell asleep I was still wondering whether this all was real…

I woke up in the morning when I got a text on my cell. This was my bank informing me on $700 credited on my account. $700!!! Just arrived on my card!!!

The day before, after making a mobile payment and an Olymp Trade deposit, there had been less than $10 left. And then – $700…It worked!!!

This was a great day, the greatest of all in the last few years.

Next week, I earned more than $3,000, in two months, $14,000+ more, in other two months, around $45,000, and then I could finally afford a brand new Mercedes-Benz at $89,500!!! The car of my dreams, the dreams that had been almost forgotten…

Yes, I had to take out $17,000 loan, but with my earnings this was quite manageable. Just in two more month I was able to pay that loan back. 

Look, here I am with my Mercedes-Benz. Right on the day I bought it.

Now, while typing this post, I’m just trying to remember it all over again… How did I make it? And the answer is quite simple: I just believed in myself! First, I found an opportunity, and then I believed I could make money just like that guy on the web page. And that’s it!

So, you need to believe you’ll be able to make it, too. This is very important, as you won’t achieve anything without it. Never ever! If you don’t believe in yourself, you’ll start thinking all the best moments in your life are already gone. And this will be the case, if you keep thinking that way…

If you are in despair and do not trust anything or anybody, you won’t be able to spot your life changing opportunity.

Try to look for such an opportunity everywhere, in every event that happens around you, in every person you meet, in every story you read on the net… Just everywhere! Always try to use these opportunities, they are totally yours! And then you’ll finally make it!!!

For some reason, I had always believed I will be be able to buy the car of my dreams. And I did buy it! I didn’t save up, just bought it, as I had enough money to pay it. I’ve got an income source that will never be exhausted; quite the reverse: it brings more and more money every single minute! And yes, I no longer have to report to any boss or work long hours without even a chance to sit down, as it was before.

I make more money in a single day than I used to make in a month. And I feel incredibly free!!!

Was that actually a miracle? Could be. But still, it happened, so it was real. I just read an article, believed i myself and made a decision. This is how I made it!

Oh well, enough memories for now, as I’m already going quite off-topic…

Now, it is time to reveal the MOST EXCITING SECRET to those who are still there. I’m going to provide you with detailed instructions on what to do next.

This is specially for you, in case you want to do something about your financial issues, to stop constantly thinking about money, and to start living a life of joy. I’ll tell you what you need to right now, step by step, and even using some pics.

First, read it all through, up to the end, and then go back to Step 1 and start to act!

  1. First, you’ve got to open an account with a broker, which is completely FREE. Go to OlympTrade website by clicking here

  1. Enter your email and password into the application form, then click Sign Up.
  2. Congrats, you’ve just opened your account!
  1. You’ll be shown 9 tips explaining you what’s in your account. I recommend reading them all. To go to the next tip, click the yellow NEXT STEP button.At Step 6, you’ll have to predict the currency price direction. This is actually what you’ll be now doing on a regular basis. Try clicking  the green HIGH button or the red one, which is LOW.Go on reading the tips and clicking the NEXT STEP button until there are no more tips left.
  2. All the next steps are quite straghtforward, too:
  1. Select a currency pair, the one you’ll be using to predict the price direction. For example, select EUR/USD. So, you’ll be predicting the price for one euro in US dollars.
  2. Select the expiry time, after which the currency rate will be compared to your prediction. The minimum expiry time is 1 minute. I recommend using either 1 minute or 5 minutes.
  3. Enter the investment amount. The minimum amount per trade is just $1.
  4. To make your prediction, click High or Low. You will be asked to confirm your trade. If you want to stop seeing this confirmation dialog and enable one-click trading, tick the relevant checkbox. To enable trade confirmation again, see settings.

You’ll be redirected to the Select Deposit Method window:

  1. Now, here’s the most exciting thing. OlympTrade is running a promotion right now. If you deposit $30, $50 or $200 on your trading account within an hour’s time after you’ve opened it, you’ll get your initial deposit doubled!Remember, this is just within an hour’s time after you’ve opened your account, so make haste!Depositing is very easy: select your preferred deposit method, enter the amount, click the DEPOSIT button and follow the instructions appearing on your screen.

Well, that’s it. Once you’ve made a deposit, go to Step 5 and start earning real cash!

Stop wasting your time, just go for it! Start trading today, and just in two-month’s time you’ll be taking a vacation somewhere in the Maldives, in a 5-star hotel near a fantastic sandy beach! Or perhaps you’ll prefer to buy a house of your dreeams, or a super car… The choice is absolutely yours, as you’re now completely free…

No more debts, no more disgraceful living paycheck to paycheck!”

Those stories you read up there is bullshit, i am sure this is made up by olymp trade so people can come to their platform to try such silly idea and lose money .

Below is a more detailed review and i made covering other aspect on how to spot this type of scam straight away.

I’ve tried it before so don’t even try it at all, from my little research i know olymp trade don’t have an affiliate program so no individual will come up with such story to lure people to the platform for affiliate commission.

So it’s safe to say olymp trade is behind this bad practice, stay away from it for good.

There other scams like betting scam of bettheline and forex indicator scam of boomcrashindicator that i wrote about recently, try to read up on it and stay safe.

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solomon julius" title="solomon julius">solomon julius |   3 months ago

I'm Solomon Julius known as Slooreviews a certified digital marketer, Slooreviews is no doubt the best business and tech review site. Check here from time to time to know which business you can go into and know which ones to stay away from.

5 responses to “Olymp trade scam, stay away from it!”

  1. Steve Watsons says:

    Trading on financial markets always involves some risk. You’ve probably heard this disclaimer before, haven’t you? In fact, the high risk of loss is always compensated with a significant gain in case you trade smart. Buy and hold S&P, as Buffet suggests and be satisfied with an average 5-10% yearly gain (and be ready to hold your long positions during losing years as well). In my personal experience, Olymp offers a great opportunity to gain some additional income while risking very small amounts. They are awesome for online trading. Nice platform, quite a few instruments, easy withdrawals. What else you need from a broker? You simply have to work out your trading strategy and be able to stick to it. It took me a while to learn this simple truth but it was worth it. Good luck and trade smart!

  2. Mehul Valhotra says:

    Trading there since 2017. For that time I didn’t saw any problems or faced any difficulties. Brokerage is shaped for traders convenience, I like that approach. Withdrawals are also fast and money usually comes within 24 hours, however takes up to 3 days…

  3. Dimaz Hutasoit says:

    I have invested several tens of thousands of dollars in Olymp Trade, the total withdrawal in this company is 113% of this amount, and I now have the same capital in my account. So I can’t believe these reviews, I think it’s more of a collection of stories of those who have lost themselves and now are upset and want to find the guilty.

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