Orbit Olympus

Short About the Orbit Olympus

💸 Account currency:	EUR, USD
💳 Minimum deposit:	250 USD
🔗 Leverage:	Up to 1:500
📊 Spread:	0.5 to 3 points
💼 Tools:	Currency pairs, stocks, cryptocurrencies, indices, metals, commodities, CFDs,
📈 Margin call / Stop out:	20% / 15%
💰 Profitability	80 %
❌ Commission	0 %
💲 Total assets	More than 250

Safety

Orbit Olympus is supervised by several regulatory bodies, which indicates some level of reliability. 

Pros :

• Protection against negative balance sheet 
• Most clients belong to a top-tier financial body

Cons :

• Financial information is not publicly available

Is Orbit Olympus regulated?

Yes, it is regulated by multiple bodies around the world, including some of the leading ones:

Regulation and security of Orbit Olympus:

Security and operational controls are carried out by the central banking authority in Germany. In the other countries, checks are carried out thanks to the licenses obtained. In total, the company has the following licenses:

FINAEU is an independent state supervisory authority responsible for overseeing the investment services market, transferable securities transactions carried out in Europe and the collective investment and asset management sector. It also supervises firms offering administrative services that do not fall under the supervision of FINAEU and the European Bar Association, as well as cryptoasset service providers.

FSA – this license guarantees traders full control over all financial transactions conducted, for UK users.

Withdrawal of funds and deposit 

Orbit Olympus offers several free deposit and withdrawal options. On the other hand, withdrawal of funds took us 8 hours.

Pros:

• Free withdrawals
•  E-wallets, Credit/debit cards
• No deposit fees

Cons:

• Waiting for funds to arrive for about 8 hours

Commissions and deposit options: 

Orbit Olympus does not charge a deposit fee.

The minimum deposit amount is $250 or 250 units in any other base currency.

Account Opening:

Opening an account with Orbit Olympus is smooth and completely digital. You can start trading in just a few minutes.

Pros:

• Fully digital
• Fast
• Low minimum deposit

Cons:

• None

WEB Platform:

Orbit Olympus is a modern, easy-to-use web platform with a decent set of features, including an insurance program.
However, order types are limited and the app is only available in English.

• Good search function
• User-friendly
• Great interface

Cons:

• English only

Orbit Olympus strengths over its competitors include:

• Large assortment of trading instruments;
• Availability of a license to provide services;
• Support service is available 24 hours a day and provides qualified
• Competent assistance to users in many languages;
• A wide range of convenient trading platforms
• Possibility to trade from mobile devices
• Availability of an account for representatives of Islam (swap-free)
• The broker uses a segregated account to securely store clients’ funds
• Permission for automated trading with the use of trading advisors, indicators and other analysis tools
• No restrictions on trading and scalping

Orbit Olympus weaknesses:

• Complex website interface
• The helpdesk could be more responsive during peak hours
• Trading terminals may occasionally freeze

Product Selection:

Orbit Olympus only offers forex and CFDs such as stocks, indices, forex and commodity CFDs. It does not offer other popular asset classes such as real stocks.

Currency pairs, stocks, cryptocurrencies, indices, metals, commodities, CFDs

The selection of currency pairs at Orbit Olymp is not bad, on par with its closest competitors. The coverage of CFDs on individual stocks and ETFs is quite average. Most of these stocks can be traded on the WebTrader platform.

Bond CFDs include Japanese and European government bonds. Unlike many brokers.

In addition, currency options are available through the platform. You can trade more than 40 different instruments. To do so, you will need a separate account from your main account.

Reviews about Orbit Olympus on Trustpilot

How are the reviews of Orbit Olympus on Trustpilot?

I turned to the most popular review platform to find out who is behind the worst reviews about Orbit Olympus and what are the reasons behind their complaints about the broker.

Most of the negative reviews seem to be written by users who have left only one single review on Trustpilot, and that one is negative. Some of them may be fake reviews on Orbit Olympus .

Some Orbit Olympus customers resent the slow customer support service.

It seems that during some periods, there are so many new customers coming to this broker that it is difficult for them to serve all the requests. Most complaints about Orbit Olympus are often written on the same day or week.

I have also had problems with long support responses, but for me this is a minor disadvantage.

Also, customers can confuse companies and write an angry review that is completely unrelated to Orbit Olympus

Some other nervous Orbit Olympus customers complain that they deposited money into their trading account using a bank that does not have a username registered with Orbit Olympus.

This is illegal in the sense that Orbit Olympus will never be able to verify accounts funded from different sources. If you ever sign up with this broker, remember to use your real name and details and only use your bank account to transfer money.

Should I trust Orbit Olympus?

Yes, you can trust Orbit Olympus because they have more than 20 million users worldwide, have licenses to protect client funds and offer brokerage services in different countries. Founded in 2019, Orbit Olympus operates under the rules of two Tier 1 jurisdictions and one Tier 2 jurisdiction, providing a safe and low-risk environment for forex and CFD trading.

Is Orbit Olympus suitable for long-term investments?

Yes, Orbit Olympus can be considered safe for long-term investments. Orbit Olympus used to operate mainly as a CFD and copy-trading broker and therefore less suitable for long-term investors. However, the company has changed a lot by expanding its business model. More recently, Orbit Olympus has introduced trading in real stocks and ETFs (exchange traded funds), moving away from its previous focus on CFDs. Copy-trading is a portfolio management service.

Is it safe to keep money with Orbit Olympus ?

Yes, Orbit Olympus is a safe place to store your money. That’s because Orbit Olympus complies with FCA, FINAEU regulations, ensuring investor protection. Our clients’ funds are safely stored with top-notch banks and their personal data is protected by SSL encryption.

Complaints about Orbit Olympus 

Why do people complain about Orbit Olympus broker?

It is true, some investors and some traders are complaining about Orbit Olympus.

As I said before, many of them are not experts and make very trivial mistakes.

The most common mistakes on Orbit Olympus that cause complaints are investing in very volatile assets (like some cryptocurrencies) and trying to exit the investment immediately. In such cases, the amount that can be withdrawn from Orbit Olympus may be less than the original amount because the asset we invested in may be worth less than before.

There is no cash guarantee with Orbit Olympus, so it is possible to lose money if you invest in the wrong asset or simply at the wrong time.

Some complaints about Orbit Olympus also mention the level of help provided by the platform.

Are Orbit Olympus users right to complain about slow customer service?

Orbit Olympus receives thousands of requests for help.

This happens regularly when many thousands of new and prospective investors register on the platform.

Those who have just registered are more likely to ask for something, which makes sense.

Peaks in support requests now occur with some regularity and coincide with spikes in bitcoin prices or other sought-after assets (Amazon shares, Testa, etc.).

And one more thing: Orbit Olympus works with US dollars, which means that every time I make a deposit, my money is converted into dollars.

This transaction can be convenient or less convenient depending on your currency, and there is a flat fee for the conversion.

Other articles about the broker:
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