Note: At this time, we only have a cursory look at OLYMPTRADE as the company's official website (https://olymptrade.com/ ) does not open properly.

Screenshot time: 01/28/2023

WikiFX provides dynamic scoring, it will track the broker's dynamic real-time scoring, the current time screenshot scores do not represent past and future scoring.

General information and regulations

OLYMPTRADE is registered in St. Vincent and the Grenadines and appears to be a fraudulent broker without any credible regulation, with a history of no more than 5 years. Unfortunately, we could not find any more detailed information about this broker on the internet.

OLYMPTRADE caters to a diverse range of traders, including beginners and experienced traders alike.The platform offers a wide range of financial instruments for trading, including currencies, stocks, metals, indices, commodities, cryptocurrencies, ETFs, OTC, and composites. Traders have the flexibility to choose between two types of accounts: Real Account and Demo Account. The Real Account allows traders to engage in live trading with real money, while the Demo Account provides a risk-free environment for practice. While specific information about spreads is not available on the website, OLYMPTRADE mentions that there are no commissions charged.Traders can access the OLYMPTRADE trading platform via a downloadable application on both mobile and desktop devices. The platform offers a user-friendly interface with various trading tools, features, educational resources, market analysis reports, and customer support services available 24/7.

When choosing a forex broker, you should know that a regulatory license does not necessarily guarantee the reliability of a broker as it may be an expired or cloned regulatory license, but a broker without any regulatory license has a high probability of being unreliable.

Pros and Cons

OLYMPTRADE offers a user-friendly trading platform with a wide range of market instruments, a demo account for practice, comprehensive customer support, and educational resources. However, it is not regulated by a reputable authority, lacks transparency on leverage and spreads, provides limited information on fees and commissions, has a relatively low minimum deposit requirement, and offers limited advanced features. Traders should carefully consider these pros and cons before deciding to trade with OLYMPTRADE.

Market Intruments

OLYMPTRADE offers a diverse range of market instruments, including currencies, stocks, metals, indices, commodities, cryptocurrencies, ETFs, OTC trading, and composites, providing traders with ample opportunities to engage in various trading strategies.

1. Currencies: OLYMPTRADE offers a wide range of currency pairs for trading, including major pairs such as EUR/USD, GBP/USD, and USD/JPY, as well as minor and exotic pairs like USD/TRY and NZD/CAD. Traders can speculate on the exchange rate movements between these currency pairs.

2. Stocks: OLYMPTRADE provides access to a variety of stocks from global markets. Traders can invest in individual company stocks, such as Apple, Amazon, or Google, and speculate on their price movements. Stock trading allows traders to benefit from the performance of specific companies.

3. Metals: OLYMPTRADE allows trading in precious metals like gold, silver, platinum, and palladium. These metals are often seen as safe-haven assets and can be used as a hedge against inflation or economic uncertainties. Traders can speculate on the price fluctuations of these metals.

4. Indices: OLYMPTRADE offers trading on major stock indices from around the world, including the S&P 500, NASDAQ, FTSE 100, and Nikkei 225. Index trading allows traders to speculate on the overall performance of a specific stock market, rather than individual stocks.

5. Commodities: OLYMPTRADE provides access to various commodities such as oil, natural gas, and agricultural products like corn and wheat. Commodity trading allows traders to speculate on the price movements of these essential goods, which can be influenced by factors like supply and demand dynamics, weather conditions, and geopolitical events.

6. Cryptocurrencies: OLYMPTRADE offers trading in popular cryptocurrencies like Bitcoin, Ethereum, Litecoin, and Ripple. Cryptocurrency trading allows traders to speculate on the price volatility of these digital assets, which have gained significant popularity in recent years.

7. ETFs (Exchange-Traded Funds): OLYMPTRADE allows trading in ETFs, which are investment funds traded on stock exchanges. These funds are composed of a basket of assets, such as stocks, bonds, or commodities. Traders can invest in ETFs to gain exposure to a diversified portfolio of assets.

8. OTC (Over-the-Counter): OLYMPTRADE provides over-the-counter trading, which refers to trading financial instruments directly between two parties without the involvement of an exchange. OTC trading allows for more flexible and customized transactions, particularly for certain derivatives and exotic instruments.

9. Composites: OLYMPTRADE offers composite instruments, which are synthetic assets created by combining multiple financial instruments. These composites can represent various strategies or themes, such as a basket of stocks from a particular sector or a combination of different asset classes. Traders can speculate on the performance of these composites.

Trading platform(s) offered by OLYMPTRADE

Although a long time has passed since the launch of MT4, it is still a major player in the market and is loved by traders all over the world. Accessing it from different devices also makes it easier for users to trade.

Account Types

OLYMPTRADE offers two types of accounts: Real Account and Demo Account. The Real Account allows traders to engage in live trading with real money, providing access to the full range of market instruments and features offered by OLYMPTRADE. Traders can deposit funds into their Real Account and trade in real-time market conditions, experiencing the actual risks and rewards of trading.

On the other hand, the Demo Account is a practice account that allows traders to simulate trading without using real money. It is an excellent option for beginners or those who want to test trading strategies and explore the platform's functionalities. The Demo Account provides virtual funds, enabling traders to practice and gain confidence before venturing into live trading.

How to open an account？

Here is a brief description of the account opening process for OLYMPTRADE:

1. Registration: Visit the OLYMPTRADE website and click on the “Register” button to start the registration process. Fill in the required information, such as your name, email address, and preferred password. Make sure to read and agree to the terms and conditions before proceeding.

2. Account Verification: After completing the registration, you may need to verify your account. OLYMPTRADE may require you to provide certain documents for verification purposes, such as a copy of your identification document (e.g., passport or driver's license) and proof of address (e.g., utility bill or bank statement). Follow the instructions provided by OLYMPTRADE to submit the necessary documents.

3. Account Funding: Once your account is verified, you can proceed to fund your account. OLYMPTRADE offers various deposit methods, such as credit/debit cards, bank transfers, and electronic payment systems. Choose your preferred payment method and follow the instructions to make a deposit. Be aware of any minimum deposit requirements set by OLYMPTRADE.

4. Platform Access: Once your account is funded, you will gain access to the OLYMPTRADE trading platform. You can log in using your registered email address and password. The platform provides a user-friendly interface with a range of trading tools and features.

5. Account Configuration: Before you start trading, you may need to configure your account settings. This includes selecting your preferred language, setting up notifications, and adjusting other platform preferences according to your trading preferences. Take some time to explore the platform and familiarize yourself with its features.

It's important to note that the specific steps and requirements may vary, so it's advisable to refer to the official OLYMPTRADE website or contact their customer support for the most accurate and up-to-date information regarding the account opening process.

Leverage

The official website of OLYMPTRADE does not provide specific information about leverage. However, it is common for similar types of brokers to offer leverage ratios ranging from 100:1 to 500:1. Please note that leverage allows traders to multiply their trading positions, but it also amplifies both potential profits and losses. It is important to fully understand the implications of leverage and exercise responsible risk management when trading on any platform. For accurate and up-to-date information about leverage on OLYMPTRADE, it is recommended to refer to the broker's official website or contact their customer support.

Spreads & Commissions (Trading Fees)

OLYMPTRADE's official website does not provide specific information about spreads. However, it is mentioned that there are no commissions charged. In general, similar brokers in the industry offer spreads that start from 0 to 0.1 pips. Spreads refer to the difference between the bid and ask prices of a financial instrument and can vary depending on market conditions and the specific asset being traded. For accurate and up-to-date information about spreads on OLYMPTRADE, it is recommended to refer to the broker's official website or contact their customer support.

Deposit & Withdrawal

OLYMPTRADE provides a simple and convenient deposit and withdrawal process for its traders. The minimum deposit amount is 10 USD/10 EUR, making it accessible for traders with varying budgets. OLYMPTRADE supports multiple deposit and withdrawal methods, including Bank Transfer, Credit/Debit Cards, Bank Wire Transfer, E-wallets, and Cryptocurrency.

Traders can choose to deposit funds using popular payment options such as credit or debit cards, bank transfers, and e-wallets.

Similarly, when it comes to withdrawing funds, OLYMPTRADE supports the same methods used for deposits. The withdrawal process is typically straightforward, and the platform strives to process withdrawal requests promptly. However, the processing time may vary depending on the chosen withdrawal method and the policies of the respective financial institutions involved.

Customer support

The support service provided by OLYMPTRADE is not very extensive. It can only be accessed via email, address and a phone number. Since the company's website is not currently open, we do not know if it offers other services such as live chat, callback, FAQ, 24/7 or 24/5 service, etc.

Below are the details about the customer service.

Email: support@olymptrade.com

support-en@olymptrade.com

Phone Number: +356 20341634

Address: 54, Immakulata, Triq il-Mina ta Hompesch, ZABBAR ZBR 9016.

Users exposures

On our website, you can see that many users have reported scams. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

Conclusion

OLYMPTRADE is an online trading platform that caters to a diverse range of traders, offering a wide selection of market instruments and account types. The platform provides a user-friendly interface, downloadable on mobile and desktop devices, with access to real-time market quotes, trading tools, and educational resources. However, it is important to note that OLYMPTRADE is not regulated by a reputable financial authority, which poses a higher risk for traders. The platform lacks transparency on leverage and spreads, limited information on fees and commissions, and advanced features. Traders should carefully evaluate these pros and cons before deciding to trade with OLYMPTRADE. While OLYMPTRADE offers convenience and comprehensive customer support, traders should exercise caution and conduct thorough research before opening an account.

FAQs

Q: Is OLYMPTRADE a regulated broker？

A: No, OLYMPTRADE is not a regulated broker.

Q: What is the minimum deposit required to open an account with OLYMPTRADE？

A: The minimum deposit required to open an account with OLYMPTRADE is 10 USD/10 EUR.

Q: What trading instruments are available at OLYMPTRADE？

A: OLYMPTRADE offers a wide range of trading instruments, including currencies, stocks, metals, indices, commodities, cryptocurrencies, ETFs, OTC trading, and composites

Q: Does OLYMPTRADE offer a demo account？

A: Yes, OLYMPTRADE offers a demo account that allows clients to practice trading in a risk-free environment with virtual funds.

Q: What trading platforms does OLYMPTRADE offer？

A: OLYMPTRADE offers their our trading platform.

Note: Since this brokers official site (http://www.capital.com.tw/en_v7) is not accessible at the time of writing this introduction, only a cursory understanding can be obtained from the Internet.

Risk Warning

Online trading is dangerous, and you could potentially lose all of your investment funds. Not all investors and traders are suitable for it. Please understand that the information on this website is designed to serve as general guidance, and that you should be aware of the risks.

General Information

What is The Capital Group？

The Capital Securities Corp. was founded by Honorary Chairman & CEO George T.W. Chen in 1988, evolving into an international investment bank. Many financial services had been formed throughout the years, and Capital Group has built subsidiaries in financial hubs like Shanghai and Hong Kong in an effort to rank among the top investment banks in the Asia-Pacific region. Taiper Exchange (TPEx) is the regulatory and authorizing body for Capital Futures Corporation.

Pros & Cons

The Capital Group Alternative Brokers

There are many alternative brokers to The Capital Group depending on the specific needs and preferences of the trader. Some popular options include:

• Degiro - Particularly popular in Europe, Degiro offers low-cost trading and a user-friendly platform, making it a good choice for cost-conscious investors in the European market.

• IG - A globally recognized broker known for its competitive spreads, extensive market coverage, and user-friendly platforms - recommended for traders of all levels seeking a reliable and feature-rich trading environment.

• Avatrade - A well-regulated broker with a comprehensive range of trading instruments and multiple trading platforms - recommended for traders looking for a diverse range of markets and advanced trading tools.

Is The Capital Group Safe or Scam？

Based on the provided information, The Capital Group operates under the regulation of TPEx (Taiper Exchange), which is an authorized and regulatory body. This regulatory oversight indicates that The Capital Group is operating within the legal framework and is subject to compliance requirements.

However, it's important to note that while regulatory oversight provides some level of assurance, it does not guarantee absolute safety or eliminate the possibility of fraudulent activities. It is recommended to conduct further research and due diligence before engaging in any financial transactions or investments with The Capital Group or any other financial institution.

Products & Services

The Capital Group stands as a comprehensive and versatile financial institution, providing a wide array of services across various domains within the finance industry. The company's diverse portfolio encompasses an extensive range of offerings, tailored to meet the multifaceted needs of its clients.

One of the core areas of expertise within the Capital Group lies in its domestic and foreign stock market listing services. Whether it is assisting companies in listing their stocks on stock exchanges or facilitating the process of going public, the Capital Group possesses the knowledge and experience to navigate the complexities of these markets.

Corporate finance management is another prominent service offered by the Capital Group. With a deep understanding of the intricacies involved in managing corporate finances, the company offers comprehensive solutions to optimize financial operations, streamline processes, and enhance profitability.

Additionally, the Capital Group specializes in facilitating overseas funding, enabling businesses to explore international markets and secure funding from diverse sources.

Mergers and acquisitions (M&A) form an integral part of the Capital Group's suite of services. Leveraging their expertise in this domain, the company assists clients in executing strategic M&A transactions, guiding them through the entire process from initial valuation to negotiation and integration.

The Capital Group recognizes the significance of fixed income instruments and provides comprehensive solutions in this space. Through its fixed income services, the company assists clients in managing bond portfolios, accessing debt markets, and optimizing investment strategies in fixed-income securities.

In the realm of stock brokerage, the Capital Group offers a robust platform for trading equities and securities. With advanced trading technologies and a dedicated team of professionals, the company provides efficient execution and reliable brokerage services to its clients.

In addition, the broker offers other services such as proprietary trading, financial derivatives, registrar agency, wealth management, futures brokerage, venture capital management, wealth management, margin financing, insurance planning and consulting.

The Capital Group also provides advisory services for investment management and publishes top rated research reports, thereby delivering professional investment information and wealth management services to business, institutions, and investors in general.

Subsidiaries

• Capital Investment Management Corporation

• Capital Futures Corporation

• Capital Insurance Agency Corporation

• Capital Insurance Advisory Corporation

• CSC Securities (HK) Ltd.

• CSC Futures (HK) Ltd.

• CSC International Holdings Ltd.,Shanghai Rep.Office

• CSC Capital Management Corporation

• CSC Venture Capital Corporation

User Exposure on WikiFX

On our website, you can see reports of unable to withdraw and scams. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section. We would appreciate it and our team of experts will do everything possible to solve the problem for you.

Customer Service

The Capital Group provides customer support through multiple channels, including telephone and email. Customers can reach them by calling their telephone number at 886-2-412-8878. Alternatively, they can contact them via email at service@capital.com.tw. These contact details allow customers to directly communicate with the company and seek assistance regarding their financial services or any inquiries they may have.

In terms of physical location, The Capital Group's address is 11F, No. 156, Sec. 3, Minsheng E. Rd., Songshan Dist., Taipei City 105, Taiwan (R.O.C.). This address serves as their headquarters or a key operational office where customers can potentially visit or send correspondence.

Conclusion

In conclusion, The Capital Group is an international investment bank that offers a wide range of financial services and operates under the regulation of TPEx (Taiper Exchange). With a strong presence in the Asia-Pacific region and subsidiaries in financial centers such as Hong Kong and Shanghai, the company strives to be one of the leading investment banks in the region. While The Capital Group's regulatory oversight and range of services position it as a reputable investment bank, it is recommended for individuals to conduct further research, consider additional factors such as reputation and customer reviews, and make informed decisions based on their specific financial needs and preferences.

Frequently Asked Questions (FAQs)

1. Q: Is The Capital Group a regulated institution？A: Yes, The Capital Group operates under the regulation of TPEx (Taiper Exchange), which provides oversight and regulatory compliance for the company's operations.

2. Q: How can I contact The Capital Group's customer support？A: You can contact The Capital Group's customer support team through telephone at 886-2-412-8878 or via email at service@capital.com.tw.

3. Q: Does The Capital Group have a physical office address？A: Yes, The Capital Group's headquarters or a key operational office is located at 11F, No. 156, Sec. 3, Minsheng E. Rd., Songshan Dist., Taipei City 105, Taiwan (R.O.C.).

4. Q: What regions does The Capital Group primarily serve？A: While The Capital Group is an international investment bank, it has subsidiaries in financial centers such as Hong Kong and Shanghai, indicating a focus on serving clients in the Asia-Pacific region.