Olive Markets Review – Is Investing in olivemarkets.com Safe?
Olive Markets might appear to be a promising investment platform, and you may have come across recommendations in emails, social media posts, forums, or chat groups. But the real question is – is olivemarkets.com a trustworthy and regulated broker? Let’s uncover the truth.
Is Olive Markets Regulated?
Olive Markets Broker is NOT a trusted or regulated broker. It does not hold a license from any top-tier financial authority, meaning it does not follow strict investor protection rules. We strongly advise against opening an account with olivemarkets.com. If you want to stay safe, always trade with brokers regulated by reputed authorities such as FCA (UK), ASIC (Australia), or CySEC (Cyprus).
About Olive Markets
Company Name – Olive Markets
Website – https://www.olivemarkets.com, https://olivemarkets130.com/
Address – Majuro, Majuro Atoll 96960 Marshall Island
Regulatory Warning – Not Recommended By Review Website Like Scams Report
Domain Blacklisted Status – It seems there is no direct mention of this domain being on a blacklist.
Olive Markets Review – Is It Safe to Trade?
Olive Markets is a broker that claims to provide access to trading in forex, stocks, commodities, cryptocurrencies, and precious metals. It provides a minimum deposit of $100, leverage up to 1:300, the Olive Trading Platform, and demo accounts. While these features may appear appealing, the key concern is regulation.
The broker states that it is regulated by the Global Financial Services Authority (GLOFSA) in Turkey. However, GLOFSA is not an official financial regulator, and it does not issue licenses for forex or CFD trading. Further checks with the Capital Markets Board of Turkey (CMB) reveal no record of Olive Markets being licensed or registered. In fact, the company is registered in the Marshall Islands, a jurisdiction with limited regulatory oversight. This means investors’ funds are not legally protected, and there is no reliable recourse if issues arise.
Additional concerns include unclear trading fees and limited information on account terms. Without verified regulation, trading with Olive Markets is highly risky, and users could potentially lose their funds.
Verdict: Despite its platform features and variety of assets, Olive Markets is unregulated and unsafe. Traders should avoid depositing money, as the risk of fraud or loss is significant.
Beware! These Scams Are on the Rise
There are different types of scams, and what is more, they have been unified to a very high level so that they target common people at varied venues. Here are common scams you should know about:
It’s possible to create fake profiles, phishing links, or other impersonation tactics aimed at stealing personal data, hacking your accounts, or persuading people to send money.
Scammers promise extremely high returns, and then disappear with the investment process; scams also come in phishing attacks, which target crypto wallets to steal digital assets.
Lure and entice a trader with talk evincing profit and their fantastic trades for unregulated forex brokers and open signal providers, only to manipulate the trades or close access to withdrawals.
These scams entail building a relationship around a victim through dating apps or social media to win the individual’s trust before asking for some funds.
Scammers do run scams on Instagram, Twitter, and TikTok for different purposes. They fabricate investment schemes, phishing links, and identity theft-based tactics.
How Scams Report Can Assist Victims Get Their Funds Back
If Olive Markets Broker is scamming you then you are not alone. Contact us! Our expert team provides:
- Free Consultation: We analyze your case and advise on the best recovery strategy.
- Chargeback Services: If you paid through a credit card, we assist in initiating chargebacks to reclaim your funds.
- Crypto Recovery: We provide specialized crypto fraud recovery solutions for victims who lost money through digital assets.
- Legal Guidance: We connect you with trusted legal partners to escalate fraud cases.
About Scams Report
Scams Report is an authentic platform that offers financial fraud victims assistance in fund recovery services, legal guidance, and chargeback. We aim to help individuals recover lost funds and make informed financial decisions. With informative blogs that are regularly updated, we expose fraudulent brokers and investment scams; thus creating awareness and safety among traders worldwide.
We have continually monitored these emerging scam tactics on the internet to lure new traders. Over a decade of experience tracking activity from scams has given us a wide database of this dishonest company’s data. Our List of SCAM Brokers is solely for you to identify and avoid them in the market.
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Disclaimer: This review is based on online reports and customer complaints. Always research carefully before investing with any broker.
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