Recently, many users have raised concerns about Olive Markets. It may look and feel like a professional platform, but user experience and platform behavior present serious questions that deserve closer attention. In this Olive Markets review, we aim to help you assess whether the platform has proper regulation, transparency, and reliability, and whether it shows any red flags that should be considered before getting involved.
Olive Markets Overview
Company Name: Olive O. Markets Global Financial LTD
Website: https://olivemarkets.com/
Address: Majuro, Majuro Atoll 96960 Marshall Island
Regulation Status: Claims to regulated by Global Financial Services Authority (GLOFSA)
Domain Blacklisted Status: It seems there is no direct mention of this domain being on a blacklist.
Warned By: Not Recommended By Review Website Like Brokers Reviewer
Traders are encouraged to proceed with caution when dealing with Olive Markets. It is important to verify the broker’s regulatory status, check for proper licensing, and confirm whether it has been blacklisted or flagged by financial authorities.
About Olive Markets
Olive Markets is a forex and CFD broker founded in 2019, registered in the Marshall Islands, and operated by Olive O. Markets Global Financial Ltd. The broker offers trading in forex pairs, commodities, precious metals, cryptocurrencies, and stocks with leverage up to 1:300 and a minimum deposit requirement of $100. While it provides demo accounts and its own Olive Trading Platform, its credibility remains questionable. Olive Markets claims regulation under the Global Financial Services Authority (GLOFSA); however, this body is not a recognized authority for forex regulation. Furthermore, no valid license was found under the Capital Markets Board of Turkey (CMB), confirming that Olive Markets is unregulated. The broker has received a poor WikiFX score of 1.59/10, and traders have reported withdrawal delays and weak customer support. Due to its lack of transparency and proper regulation, investing with olivemarkets.com carries significant risk, making it unsafe for traders.
FAQs
Q: Is Olive Markets a licensed or regulated broker?
A: It doesn’t seem like any publicly available information suggests that olivemarkets.com has a license from any significant financial authorities.
Q: Can I withdraw my funds easily from Olive Markets?
A: There have been some complaints from consumers about difficulties with withdrawals. It’s important to read user reviews and study the platform’s withdrawal policy.
Q: What makes a broker a scam?
A: Common indicators include unregulated status, false promises of returns, withdrawal denial, lack of transparency, and aggressive sales tactics.
Our Verdict on Olive Markets
Based on available information and customer feedback, Olive Markets appears to pose significant risks for traders. Issues such as withdrawal delays, lack of customer support, and suspicious account activities make it difficult to recommend this broker. Transparency and regulatory compliance are key factors in choosing a safe trading platform, and olivemarkets.com seems to fall short in these areas.
If you are considering opening an account with Olive Markets, it is highly advisable to conduct deep research and avoid depositing large sums of money. Always prioritize safety and choose brokers that are licensed and regulated by top-tier authorities.
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If you have lost money while trading with Olive Markets or any other unregulated broker, don’t lose hope. At Brokers Reviewer, we specialize in helping traders recognize scam brokers, report fraudulent activities, and explore potential recovery options.
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If you believe you’ve been affected by Olive Markets, feel free to contact us or report a scam through our platform to help others stay informed.
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