DISMISSED Case# 2017-155 | Johnesky400 vs olymptrade.com


Banned Multi
Original FPA Traders Court Submission:

I am submitting the case against: www.olymptrade.com

My Case is: Hello traders,
this is fapohunda olaniyi john, a NIGERIAN citizen that have been trading on Olymp Trader platform (https://olymptrade.com). It is a binary option broker called Smartex International Ltd.: Registration No.: 144540, Registered Address: 103 Sham Peng Tong Plaza, Victoria, Mahe, Seychelles.

I know they don't have CySEC license though FINACOM license. 3 weeks ago, after I made $130 became $1324 I got my account id: 1583851USD and balance blocked above allegation to violote the rule 1.4.3 (take actions coordinated with other Company Clients to cause the Company harm (losses) and uses other unfair and dishonest methods and means to trade..

They accused me of using robot to trade..of which i take trade by myself....

I have tried to say them and FINACOM: I make my own trades by myself and I never have used a robot or whatever illicit method to have an advantage over them but it has been a hard way to convince them about my case.

New thread in the Scam Alerts Folder:

Review is submitted by Fapohunda olaniyi john on 12/20/17

The company was first contacted about the issue on 12/17/17 the last contact was on 12/19/17

Details: Company replied by saying they cannot grant me access to my account...

Also they cannot give me the funds in my account.

Company representatives' emails: <Kyc@olymptrade.com>



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I've just issued the formal FPA invitation.

Please post an update on January 4th to let me know if you've heard anything back from them or not.
A screenshot of my trading account with its number...


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There's never any assurance. If your case end up with a guilty vote, that gets a special note on their review page and puts them 1 step closer to a Scam Label. Some companies don't care. Others are smart enough to realize that if they mistreat customers and this gets highlighted at the FPA, they'll end up with fewer customers. Sometimes it takes them a few months to realize the damage they've done to themselves.