Olimp Finance was an unlicensed binary options broker owned by Cassius Services Limited. They have since disappeared.
They are located at: 31 Southampton Row, WC1B 5HJ, London, England. Deposits are made to: A CUTTER SP ZOO, Located at: Al. Jerozolimskie 96, 00-807 Warsaw, Poland. Contact phone number is: +44 203695 1275, and customer support email address is: [email protected].
For complaints about brokers, you can read this.
Olimp Finance Review
Olimp Finance gives their clients the binary options trading platform that was developed by Hello Markets, called TradeStation. Investors can choose from 55 assets to trade binary options, on Forex, Commodities and Market Indexes and Stocks. They have minor currency crosses available, including Israel Shekel, Polish Zloty, Indian Rupee, Singapore Dollar & Mexican Peso.
Binary Option expiry times are listed different than other binary brokers. A 15 minute option, expires at 15 minutes of the hour, and a one hour option expires on the hour. So for example, if it is 10:17 am and a trader selects the 45 min option, the option will expire at 10:45 and not at 11:02. The return on $EUR/USD binary options is 85%, .
Minimum trade size is $5, and the maximum trade size is $10,000. Their trading platform is quite unique as it offers built in trading signals.
Automated Trading Robots
WARNING: Before you use an auto-trading software you must read about the scam, see here.
If you are interested in real auto trading systems, go read this.
Olimp Finance does not allow the use of trading robots
Their terms and conditions page says;
19. Automatic trading mechanisms, including external execution systems, unauthorized Automatic and semi-automatic trading mechanisms integrated by a trader are considered as abuse. The usage of such systems on an internet browser without human execution is unlawful and can cause the invalidation and/or suspension of the account. Positions taken with use of automatic trading mechanisms are considered as off market transactions and shall be invalidated.
So basically, if you signed up to Olimp via a get rich quick video, your account is already violating the terms and conditions.
Olimp Finance License Check
The first item to check when you review a binary options broker, to determine if they are a scam broker or a legitimate broker is simple. Ask to see if the broker is licensed and regulated by CysEC in Europe, FSB South Africa, or ASIC in Australia.
Olimp Finance does not have a license. Using a licensed broker means that you have some recourse in the event of a problem at the brokerage firm. You can find the updated list of licensed brokers look here.
