Olymptrade's ridiculous complaint makes people wonder if their IQ is working?!

Once again, WikiFX received a complaint email from Olymptrade, the content of which was ridiculous and made people wonder whether their IQ worked or not. In the email, they claimed that the financial services they had been providing were legal and didnt require any form of regulation. It was shocking that a Forex trading platform could claim that they did not need any regulations. Their bold statement was not only irresponsible but also breached the law. Olymptrade has repeatedly stressed that now that investors have chosen to invest on its platform, they should bear the potential risks of forex and know all the legal information. Olymptrade has been exploiting legislation loopholes and carrying out its illegal forex services.

The evidences of all the Olymptrade exposure articles on the WikiFX official website are real and valid, and WikiFX will answer any complaint from illegal broker as well as publishing and sharing it.

The following are the questions about Olymptrade's complaint and WikiFXs official response:

1: Olymptrade complained that its platform had never provided cryptocurrency and binary options services, and the victim's fraud experienceswerenone of itsbusiness.

A: In fact, in the past four months, WikiFX has received numerous e-mails about Olymptrade, and many victims claimed that they had been deceived by Olymptrade staff. According to WikiFX‘s official data, Olymptrade always keep the first position on complaints ranking of WikiFX’s website and the Olymptrade's credit score is only 1.24 out of 10. Actually, compared with whether the scammer was really associated with Olymptrade, what matters more is that the scammer didnt try to swindle in the name of compliant brokers such as FXTM or OANDA. The reason was that the illegal forex platform did not have a well-grounded service system and a standardized trading process, which made the swindlers easy to imitate. On the contrary, such a situation was almost impossible on the legal forex platform. In addition: WikiFX App-WikiFX rankings can provide you a reference to choose high-quality forex trading platforms.

2:Olymptrade complained that the screen-shots of the chat provided by the victims were from WhatsApp and Instagram.If the victims complain to Olymptrade's official platform, Olymptrade would respond to their complaints and give feedback.

A: YES, most of the chat screen-shots provided by victims came from unofficial channels such as WhatsApp, Instagram and Facebook, because there were people from these social media who called themselves Olymptrades agents. Or when the victims realized it was a scam, they tried to get a reply from the authorities but failed. Olymptrade should consider how to stop more people from using their names to cheat on social media. Otherwise, it would do nothing but harm to themselves.

3: Olymptrade declares that the Financial Commission is not a regulator but an independent self-regulatory organization and external dispute resolution body to ensure that trading platforms and brokers resolve disputes in a fast, effective, fair and authentic manner. As a result, the Olymptradehas never claimed that it is regulated by the Financial Commission. The Financial Commission only provides insurance for Olymptrade.

A: As for the Financial Commission of Britain, many of the forex brokers on its platform are illegal brokers, and the Financial Commission itself is an untrustworthy financial institution. Olymptrade explains that the Financial Commission is in charge of resolving disputes between trading platforms and brokers. However, most of its members have not been regulated, and many members have been involved in forex scams, so what is the so-called dispute they have resolved？ What's the point of the insurance they provide for the trading platform？

This is the first time that Olymptrade has responded officially that the company is an unsupervised forex trading platform, quoting the legal provisions of Financial Services Authority (FSA) to explain that Olymptrade dose not need to provide regulatory license and the service provided by Olymptrade needs no provision support. They are seriously joking!!! FSA is a regulator based in Saint Vincent and the Grenadines, an archipelago country in the southern Little Antilles in the Eastern Caribbean Sea. One can get a regulatory registration number at FSA for US$50, obviously the strength of supervision there is weak. We are just wondering why they dont choose the more well-known regulators in Western countries, such as FCA and ASIC？ ......

The following of some evidences from victims.

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The following are three channels forgetting real-timeinformation about exposurearticles.

1: WikiFX official website: https://www.wikifx.com/us_en/.

Choosing News column Original special topic series.

2: WikiFX App: Using the App will make it easier to read articles.

Read on the APP in the same way as the official website.

3: WikiFX official Facebook: the new exposure articles will also be posted on Facebook, a main social media account, at the same time. If you are a social media user, you can follow WikiFXs Facebook page.

USA Area：https://www.facebook.com/WikiFX.US/

UK Area：https://www.facebook.com/Wikifx.UK/

Nigeria Area：https://www.facebook.com/WikiFX.ng

If you have ever been defrauded by illegal broker, you can contact WikiFX. WikiFX will assist you in your exposure. You need to hold enough evidences to prove the broker is illegal.

Evidence requirement: (Chatting history records, Trading history records, Banking Transaction records and video recordings from victim).

In order to help you better. There are two ways to upload evidencesfor exposure.

1: WikiFX App:

Log in the App, choose Exposure on home page click on blue light bulb-Expose,

The types of Fraud Choose fraud broker Just write down your experience of being deceived and upload the relevant evidences here.

2: More brokers‘ information will be updated on WikiFX. If you can not find the broker that you want to report, there is another way to contact WikiFX by Facebook Messenger. You can leave your message on messenger. WikiFX’s staff will review the broker that you wanna report and the relevant evidences you submitted. You will get the feedback in the following 3-5 working days.

USA Area：https://www.facebook.com/WikiFX.US/

UK Area：https://www.facebook.com/Wikifx.UK/

Nigeria Area：https://www.facebook.com/WikiFX.ng

Declaration:

The evidences in WikiFX exposure articles are verified via the following processes:

1: Evidence Collection: (Chatting history records, Trading history records, Banking Transaction records and video recordings from victim).

2: These evidences will be evaluated and verified by experts who have been work in forex industry for many years.

3: The editor will review it again before the article is published.

WikiFX App is a third-party inquiry platform for company profiles.WikiFX has collected 17001 forex brokers and 30 regulators and recovered over 300,000,000.00 USD of the victims.

It, possessed by Wiki Co., LIMITED that was established in Hong Kong Special Administrative Region of China, mainly provides basic information inquiry, regulatory license inquiry, credit evaluation for the listed brokers, platform identification and other services. At the same time, Wiki has set up affiliated branches or offices in Hong Kong, Australia, Indonesia, Vietnam, Thailand and Cyprus and has promoted WikiFX to global users in more than 14 different languages, offering them an opportunity to fully appreciate and enjoy the convenience Chinese Internet technology brings. WikiFXs social media account as below:

Facebook:

USA Area：https://www.facebook.com/WikiFX.US/

UK Area：https://www.facebook.com/Wikifx.UK/

Nigeria Area：https://www.facebook.com/WikiFX.ng

Twitter：

Areas where English is an official language：https://twitter.com/WikiFX_Eng

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Wiki Forum Forum Function:

In order to help more investors, WikiFX has launched the “WikiFX Forum” forum, which aims to provide urgently needed and professional services to Nigerian forex investors.

The exposure function of “WikiFX Forum” includes the following features:

1: Allow investors who have been defrauded by illegal broker to complain directly in the forum (as shown in the screenshots)

As long as there is sufficient evidence, a review panel and an executive team will contact the broker to discuss the complaint or expose it directly through the media. Here are the exposure channels:

2: Block low score brokers from entering the forum

3: Monitor suspicious communication in real time, and directly spot and deal with suspicious fraud;

4: Negotiate with highly reliable brokers selected by WikiFX in the secure environment of WikiFX Forum.

WikiFX APP exposure channel: https://activities.wikifx.com/gather/indexng.html

Information page to understand forex scam and exposure channel: https://activities.wikifx.com/gather/indexng.html

Website exposure channel: https://exposure.wikifx.com/ng_en/revelation.html