Olympus Markets in Vanuatu can’t be trusted

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Vanuatu is a small us of an inside the center of the Pacific Ocean. Comprised of a series of islands, some of the country’s inhabitants agree with the queen of England’s husband, Prince Philip, is a god. Others worship a mythical US soldier by the name of John Frum who, it’s a far idea, will in the future return to the island bringing with him food, apparel, and housing.

It’s this extraordinary country that has grown to be a hub for the retail buying and selling industry. Unfortunately, some of the corporations that have established themselves on its balmy, tropical seashores aren’t the most scrupulous in their behavior.

One such company is Olympus Markets. This Tuesday, the company turned into ordered to give up activity in Germany through BaFin, the principal german financial regulator. A retail dealer that purportedly gives trading in forex and contracts for distinction, Olympus Markets has an array of awful reviews. Aside from those reviews, the broker’s very own website online has a listing of terms and conditions which are unusual.

High costs are placed on top of any withdrawals and trades and any account this is left dormant for two months will be charged $two hundred. Descriptions of the site, written by way of customers, indicate that it has all the trappings of a normal FX brokerage rip-off. You deposit your cash, the dealer tries to get you to deposit extra, and while you ask to withdraw your cash, they make excuses or cut off all touch with you.

Hopefully, BaFin’s caution will serve to keep buyers far away from Olympus Markets. Otherwise, we are able to most effective hope that John Frum returns to Vanuatu and throws the organization’s places of work into the middle of the Pacific Ocean.

Check the Olympus Markets Review

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