Abstract：Olymptrade review based on WikiFX data: operates without valid regulation, offers web and mobile trading, but faces multiple user complaints.
Broker Profile
According to its WikiFX page, Olymptrade operates under the company Aollikus Limited, registered in Vanuatu. The official website is olymptrade.com, with customer support reachable via support@olymptrade.com or +356 2034 16 34. The company address is listed as 1276, Govant Building, Kumul Highway, Port Vila, Vanuatu.
Regulatory Information
The broker profile displays a Vanuatu Financial Services Commission (VFSC) Retail Forex License, License No. 40131, issued to Aollikus Limited. However, the license status is marked Unverified, and WikiFX prominently states that the broker currently has no valid regulation. This means it should be treated as unregulated, carrying higher potential risk for traders.
Trading Platform & Services
The platform type is listed as self-developed, indicating that Olymptrade does not use common third-party solutions such as MT4 or MT5. The broker is tagged as engaging in global business and carrying a high potential risk label. The page does not list detailed account types or a full range of tradable instruments; traders would need to check the brokers own website for product specifics.
User Exposure Records
The WikiFX profile contains multiple exposure posts from users over recent years. Reported issues include withdrawal delays, execution and pricing disputes, and account restrictions. Notable entries appear across 2024, 2023, and earlier, showing an ongoing pattern of complaints.
Risk Considerations
- No valid regulation: License entry is Unverified.
- High-risk label on WikiFX profile.
- Multiple user complaints documented on the brokers page.
Conclusion
Based on the WikiFX profile, Olymptrade is displayed as unregulated under the VFSC license entry for Aollikus Limited. With a self-developed platform, a high-risk label, and a history of user complaints, traders are advised to exercise caution. Before engaging, review the brokers profile and exposure records in detail.
