Orbit Olympus offers its customers cryptocurrency trading. In reality, this platform also provides access to other assets: from stocks to ETFs. Today, we will examine reviews of this project and try to understand whether it is worth investing money here.
Brief Overview
- š„Official Website: https://orbitolympus.com/
- āļøContact Address: 16 King William St, EC4N 7BP, London, United Kingdom
- šCustomer Support: 1287 218 273
- šLicensing and Accreditation: no
- ā³Track Record: 2024
- š§°Specialization: trading
- š¤Terms of Cooperation: minimum deposit 500$
- š°Additional Services: referral program
Orbitolympus.com Examination
The main issue we found on the website is the misleading information. Orbit Olympus positions itself as a company with over 20,000 clients and five years of experience. However, this is a deception that can be easily verified. A whois search reveals that the website for this project was created very recently, in June 2024. Obviously, the company could not have acquired so many consumers in such a short time.
Furthermore, we noticed contradictory information regarding trading. The homepage states that clients work with cryptocurrency, while the section on account types provides information about a broader range of assets. It is also stated that any amount can be invested to start trading, but the minimum value for the very first account type is $500. If the information on different pages is so contradictory, we doubt it’s worth investing here.
Company Contacts
The lack of an email address for Orbit Olympus is already suspicious. The broker also has no social media presence and suggests contacting them only by phone. We are unsure if the number provided on the website is valid: at the minimum, it’s unclear which country it belongs to. The inability to contact the broker is a red flag.
There are also questions about the London office address. A Google search reveals that the address is misspelled. This means that this information is also false: the company hasn’t even rented an office. Should we expect honesty from them? We doubt it. It’s unclear where the scammed customers can go for help or how they’ll be able to get what they’re owed.
Key Conditions
Creating an account requires providing contact information. Additionally, the option to use a promo code indicates that the broker has an affiliate program. When attempting to register, we noticed that the platform uses a proprietary CFD trading terminal. Such terminals are generally considered less reliable, often experiencing discrepancies between quotes and real-time market data, as well as freezing.
The available assets include CFDs on stocks, options, mutual funds, ETFs, futures, forex, and bonds, although the number of accessible instruments depends on the chosen plan. Orbit Olympus offers the following account types:
- Standard.
- Silver.
- Gold.
- VIP.
- PRO.
Clients may have access to services such as daily market reviews, training, manager and accountant consultations, and regular reports and analytics. However, some crucial terms, like leverage and spreads, are not specified. The platform mentions providing a margin loan, which raises concerns as clients may find themselves in debt at some point.
Exposing Orbit Olympus
From a legal standpoint, the company also has issues. We couldn’t find any user agreement on the website; only a privacy policy. The company’s registered address is also not specified. Instead, it’s mentioned that its activities are regulated by some FISEU. This organization cannot be considered reliable, as it is known for issuing licenses to scammers.
Moreover, the truth is that this regulator is as fake as the broker itself. The website finseu.com was registered in February 2024, and Google instantly produces many warnings about the malicious intent of this pseudo-regulatory body.
Therefore, if you encounter any problems with this company, you cannot expect any help from the government. From a legal perspective, Orbit Olympus simply doesn’t exist. The reason for this is clear: we are dealing with a fly-by-night company that will most likely close soon. Their logic is that there’s no need to bother with registration and licensing when the goal is to deceive as many clients as possible.
What Reviews Do Users Leave?
If you look for reviews on this broker, you can even find videos where people warn against working with them. However, there are also a lot of positive comments on different websites. This is because Orbit Olympus boosts their rating among other users through fake feedback.
Conclusions
We think dealing with this broker is a bad idea. Orbit Olympus isn’t registered anywhere, they’re brand new, and they even buy fake positive reviews to make themselves look good. We strongly recommend you don’t trust them and ignore any offers they make. Don’t fall for their tricks!
Pros/Cons
- Multiple languages.
- No registration.
- Regulated by a fake authority.
- Short operating time.
- A lot of false information on the site.
- There are purchased positive reviews.
My friend introduced me to Orbit Olympus, and it turned out to be a terrible experience. Every aspect of the platform, from the verification process to the trading itself, was riddled with issues. Despite adhering to all their recommendations, I still incurred significant losses. The most alarming thing was when they started pressuring me to recruit my friends using a referral link. It became clear to me that this was nothing more than a pyramid scheme, a realization that came far too late. My friend later confessed that he had been coerced into involving me. I’m in the process of withdrawing my funds, grateful that I had only invested a modest $500. The potential for far greater losses is a sobering thought.