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Forex Olympus Review: Is Forexolympus.net a Scam?

Forex Olympus Review: Is Forexolympus.net a Scam?

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The Forex Olympus (Forexolympus.net) review is here, and the developer Rita is nowhere to be found. They developed this platform to help traders reach the top of their trading game. And this is what drives most naïve traders to buy the indicator and robot. They are driven by the fact that this robot will create a considerable profit. It is what developers claim when they go for a sales page. They come up with over the moon claims and promises to lure investors into buying the product.

Forex Olympus Review

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About this Forex Olympus Review

Developers of the platform

Rita Lasker is the name we have been given as the owner of this indicator and robot. There is no social media platform of the person, which makes it a hard sell. We could not find the picture of this developer anywhere on social media. Another front we tried is the trading forums where no one knows of this developer. From our investigation, we learned that the team behind this robot also has others. They only produce new products and fail to update any of their previous ones. The only picture of her is at the bottom of the page, and it could be a stock photo.

Feedback from clients

The feedback we have received from clients is not that helpful.  Most of them are up in arms with the fact that no one is benefiting from the product. They all point to the fact that the indicators and robots do not offer any advantage. After trading with the robot, most were unhappy with the results. And this is what makes trading with this platform a considerable problem. They may offer legit indicators, but their other products don’t work. What’s the use of selling a half-baked product?

History of the product

They fail to give users their full details, which means this platform is far from being trustworthy. A trader should be able to know the entire background of the developer and the team behind it. Signing up to such a product means you are signing up for an unknown platform. They could be amateurs who are trying their hand at online trading. And this is the reason why clients are having a problem with their products. No one knows whether the platform has a solid online reputation.

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Website details

According to the domain checker, we have realized that the platform is a new site. Domain checker tools show that the site went live on 10th February 2020. Such details reveal the true nature of the platform. They should be able to be more open when it comes to their products. The website claims that the robot has years of trading experience. It is not the case as the site went live a few months back. Their traffic is mainly from Lithuania, and yet they claim to be based in the UK and the USA.

Features of Forex Olympus

Forex Olympus Features

They claim that the indicator and robot come with amazing features. These include hands-free trading and a high level of productivity. When it comes to productivity, we reserve our comments for later. They also claim that members have full control of their trades. It is not the case as the robot takes over the trading process. They sell the robot as an automated product that helps investors. These are some of the features that the developers are using to sell the product to investors.

Is Forex Olympus Licensed or Registered?

Forex Olympus is NOT licensed or registered to offer any trading products or services. The disclaimer at the footer of their homepage does not give users any compliance information. And this is one of the biggest misconceptions that traders have. They believe that all indicators and robots are the same. The best and those that guarantee safety have a code and comply with trading regulations. For instance, this indicator and robot do not offer insurance cover for deposits made.

The platform ought to have produced their license number for these products. They should give users full information on whether they are compliant with trading regulations. Without these details, it means that the platform fails to have any compliance. And the results become investors having to use unsecured products. Even though they claim to have a money-back guarantee, it is not the case. There is no regulator to enforce the money-back guarantee feature.

Provisions (Advantages/Disadvantages) of Forex Olympus

At hand packages/Plans

Forex Olympus Plans

Forex Olympus is offering two packages, one for indicators and robots. The indicator package is selling at $129, which they claim is a promotional price. They usually sell the indicator for $429, which shows the dramatic deep in the price. The robot package is going for $228, which is also a promotional price. They usually sell robots at $757. From our experience, the developer is selling the packages at a throwaway price for a reason. No one is interested in buying their unproven products and services.

Contact and support

The contact page is similar to most online get rich quick schemes. They only have a message board where interested parties can send their messages. The site fails to leave any of their corresponding emails or phone numbers. They have used the picture of Rita as the one who answers all queries. It is a well-thought-out plan that ensures investors send their messages. The only problem is that this plan involves traders having to send their contact details to an unknown third party.

Deposit channels when making the purchase

There are five depository channels that investors can use to buy the products. These include American Express, Discover, MasterCard, PayPal, and Visa. The only channel that investors might get lucky and have their money back is PayPal. They could be able to file a chargeback complaint and probably get their funds back. Other depository channels might not work that way. The vendor will insist that the funds are for a product bought by the client. With this statement, the burden of proof shows investors bought their products and services.

Trading Results

One of the biggest problems that make us question the platform has no credible trading results. The platform ought to have done better and produced viable results for all to see. A vendor’s responsibility is to use their products on live accounts. They should be able to provide these results for all to see. It means they are selling a product that they, too, fail to test with a real account. They, therefore, want investors to sign up with the platform and use them on live accounts.

Security of funds with Forex Olympus

The security of funds is not guaranteed by a product that fails to have any credible data. They are selling an unproven commodity to clients. Another problem is that their website is not entirely secure from third party attacks. These professionals will most likely hijack the purchase process and steal credit card information. Such sites have been known to work with hackers to take valuable data. With no compliance, what’s to stop them from selling your information to third parties?

Scam or Legit Forex Olympus

There is no doubt in our mind that Forex Olympus is a scam. Stay away from this platform or else become another victim. This is a platform that has not proven its products and services work. It is why no one should sign up with them.

Closing remarks

To protect our investors, we will be adding this platform to our scam blacklist. Ensure no one uses their products unless they produce real trading results.

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