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OlympBot Review: Is olympbot.com Scam?

OlympBot Review: Is olympbot.com Scam?

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Olympbot is a Forex trading robot that promises investors a constant win rate of 72%. The platform boast of free services investment, but this is not true, and once you download the application, you’ll have to deposit money in the account.

The trading bot claims to have thousands of users who have benefited from their plan massively. The platform is readily available considered you have internet connection on your Android or iOS.

You’re entitled to make profits within a short period through their martingale feature. Furthermore, you do not have to select the kind of pairs to trade in as the bot performs this for you.

The company seems to endorse the Olymp trade, and they receive a commission from every client they manage to lure into the company. The platform does not let you know how the trading robot will operate to generate profits for you, and this is a risky way of promoting another investment firm

Olympbot.com boasts of being the best platform in the market, yet the traffic on its website is meager, suggesting otherwise. Furthermore, promising investors 72% as the constant return rate is hazardous, considering the volatility in Forex trading.

The platform is more of a gambling system, and you will end up making losses, and profit is not guaranteed to any investor in this kind of system is not profitable. The platform has a link that directs you to Olymp trade and proves that they are an affiliate program, and their main agenda is that you sign up through their link.

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Olympbot.com Review

Once you complete this task, reaching them is impossible, and they may even block your details from accessing their features. How this trading bot operates to generate profits for you is not well explained and the kind of maintenance required.

OlympBot Review, olympbot.com Platform

Furthermore, they require you to pay a $100 compulsory deposit for joining the platform, yet they claim to offer free services. Nothing makes sense in this investment firm, and you’ll only end up making losses.

The company promises investors they will double your deposit bonus within the first hour and that the robot doubles the money you deposit and is the main reason you have to put money in their accounts.

Always trade with profitable crypto trading bots in the industry. Olymp bot is shady in the method of operation and is the reason we do not trust them or recommend them as a legit investment firm.

The trading bot was created in Russia by a company known as binary bots development limited. The company does not feature a demo account that you can use to test the working or the capability of the trading bot, and this is a risky feature to disapprove of the platform automatically.

Olympbot.com urges investors they have to pay the compulsory deposit fee for you to access the software with no refund policy. Legit investment firms that you should trust allow you a specific time of free trial to prove the legitimacy of the company.

There is no information about the owners or people behind the platform and who is going to be handling your money. It would help if you had much information concerning a trading platform before you trust their credibility and legitimacy, and this information is not available anywhere in olympbot.com.

Olymp trade is the platform that is being promoted here by Olympbot.com, and you’ll be dealing with two different companies; hence getting your money back is impossible. The trading bot can open and close trades for investors In the automated mode.

With martingale kind of system promising investors 72% as a constant return is entirely impossible to achieve. Olymp Bot gets paid a commission because of the link they promote to another company and is not a trustworthy investment firm.

The $100 deposit has to go through the link for them to earn commission then you can access the trading bot. Immediately you complete your deposit; reaching the company is an impossible task as their deal with you will be over.

Legit trading bots allow you a chance to try if they’re working correctly, but this is not the case in Olympbot.com. They use trade figures and statistics that you cannot prove the legitimacy of because no link is available that links to them.

Funds Safety

The platform is not safe for you to trust them with the money because once you deposit money and they receive their commission from your deposit, they end business with you. Furthermore, they do not provide us with any details of the company owners.

You’re not satisfied that the trading bot will generate funds for you because how it operates is shady. They are not showing any past trade transactions that have been completed successfully; it proves that you will not make money here.

The platform may seem legit from there sales page where they show high-profit numbers. However, these figures do not link to the platform and cannot be verified to be true. That is just a marketing strategy that they use.

Regulation and Customer Support

They do not mention any regulatory details on their website that you can use to prove they are operating legally. Unregulated platforms risk shutting down at any time when they do not have enough traffic on the site.

Meanwhile, regulated companies will always provide information on the credibility and certification on the website to prove genuineness.the owners of this platform risk facing criminal prosecution and are the main reason they do not provide information concerning them, not even the names.

The platform does not provide any contact support on the website and, during our research, discovered that the support information of the company that created the robot is [email protected]

Legit investment firms will always provide you with working contact support, and you can reach them quickly, and they respond to you fast. Once you deposit money in olymbot.com and they have received the part of the commission, that’s the end of business between you and them.

Final verdict

The platform owners are unknown, and this is a risky warning to avoid the company at all costs and focus on legit investment firms. You cannot test on the credibility of this trading robot, and this is a major red flag not to trust the investment firm.

Olympbot.com is more of an affiliate platform for marketing rather than a trading company, and they get paid commission in doing so, and they can say anything, including claiming the company is free. Investors get shocked to discover that they cannot access the services of the trading bot unless they pay the $100 deposit.

The company is also operating illegally without regulatory documents because they are not available anywhere on the platform. There are no past trade transactions that show any trade undergoing in the company, and hence you should not trust them with your money.

The safety of your funds is not guaranteed, and also the security of your personal information; you may end up sharing this information with anonymous people. Furthermore, they do not provide any contact assistance to investors, and you shouldn’t trust investment firms with this kind of character.

The method of operation is shady, and there’s no evidence of any investors seen to benefit from this investment firm. Olymp Bot cannot be tested if it’s operating profitably and whether or not you’re satisfied with the services you have to pay the compulsory deposit.

Therefore you should avoid this investment firm at all costs or else you’ll end up losing money. Venture in profitable trading bots which are Legit investment firms. Martingale system of operation is more of gambling, and you cannot guarantee constant profits to investors

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8 Replies to “OlympBot Review: Is olympbot.com Scam?”

    1. tried it on demo account and it worked well, actually making profit of $20 each round. So I decided to try out on live account by following their instructions and deposited $100. However it turns out that the bot doesn’t work on live account and returns an invalid request then the bot stops working abruptly. I contacted their support and all I was told is to try again later. Hahahaha…the good thing is that my money is intact and can withdraw it. The dev is very coz he gets 1% commission for each deposit and it’s non of his business afterwards apart from trapping other newbies looking for automated systems…Just laughing at myself now coz this dude is smart by just earning 1% of $100 from over 5000 curious internet users he already has $5000 profit

  1. actually it is a scam. this robot works with reference to previous candle basis. it checks previous candle and if it is green, it a**umes that next candle should be also green. If by luck it is green and if you win, it a**umes next candle also should be green. it works during break out up or down trends. but not side ways where candles go up and down alternatively. It kept on chasing the candles and it kept losing and till another break out….!

  2. Berarti starteginya cuma ngikutin candl sblmnya dong..?
    Klo gitu tanpa pake olymbot juga bisa.. Cuma modal harus besar…. Kacau melehoy inimah

  3. AI trading in consonance with Binary algorithms are simply the base for a typical scams and creates a Systemised confusion on trades, it simply can not read the Fibonacci retracements.

  4. I think it is just a nice free game. Don’t you think so? And get free 10000 points and free flow refill, just like a never ending game of trades. Since i donot know real trading attitude and knowledge. Give it to me.

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