Olympic-Primefx is a CFD broker with a website domain registered on December 23, 2023. The broker primarily offers investment services in forex, commodities, indices, stocks, and cryptocurrencies. It does not provide services to countries or regions where it may violate local laws or regulations.
Company Registration Information and Regulatory Status
According to the public information on the Olympic-Primefx website (www.opfx-innovationtrades.live), the broker is registered in the UK and regulated by the Australian Securities and Investments Commission (ASIC). However, all clients will directly deal with Olympic-Primefx A/S, and all client agreements will be signed with Olympic-Primefx A/S, thus subject to Danish law. Beyond this, the broker does not disclose detailed company registration information or regulatory details.
Upon verification, no registration information for a company named "Olympic-Primefx" was found with Companies House in the UK, the Australian Securities and Investments Commission (ASIC), or the Danish Financial Supervisory Authority (Danish FSA).
Therefore, Olympic-Primefx (www.opfx-innovationtrades.live) is actually a fraudulent broker website without a legitimate company entity or any regulation.
Trading Instruments:
Olympic-Primefx offers a variety of trading products to its clients, including forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves the exchange of different currencies. Known for its high liquidity, it allows traders to profit from exchange rate fluctuations.
- Indices: Index trading allows speculation on the performance of entire markets or specific sectors without trading individual stocks. Exploring popular indices offers diverse trading opportunities and the potential for high leverage returns.
- Commodities: Commodity trading covers key resources in the global market, allowing traders to buy and sell various raw materials including metals, energy, and agricultural products.
- Stocks: Stock trading enables investors to capitalize on public company share price movements, earning from price changes and dividends without holding the actual shares.
- Cryptocurrencies: Cryptocurrency trading offers digital currency enthusiasts the opportunity to profit from highly volatile assets.
Account Opening Process
To open a trading account with Olympic-Primefx, visit the broker’s website, click "Open Account" in the top right corner, fill in personal information such as name, phone number, email address, and set a login password, then submit. Verify the account upon submission to complete registration successfully.
Investment Plans
Olympic-Primefx offers four different types of investment plans: Bronze Plan, Silver Plan, Gold Plan, and Platinum Plan.
Bronze Plan:
- Minimum deposit: $1,000
- Maximum deposit: $4,999
- Duration: 14 days
Silver Plan:
- Minimum deposit: $5,000
- Maximum deposit: $9,999
- Duration: 30 days
Gold Plan:
- Minimum deposit: $10,000
- Maximum deposit: $50,000
- Duration: 60 days
Platinum Plan:
- Minimum deposit: $50,000
- Maximum deposit: $100,000
- Duration: 90 days
Trading Platform
Olympic-Primefx claims to provide the MT5 trading platform, but the broker’s information cannot be found on MT5.
Deposits and Withdrawals
The Olympic-Primefx website does not disclose its supported deposit and withdrawal methods.
Conclusion:
Traderknows reminds investors that Olympic-Primefx is a scam broker that lures investors with promises of high returns. The website has no actual company entity or regulation, and it can only be contacted through a single email address. Traderknows advises investors to choose brokers that are transparent, strongly regulated, and reputable to avoid unnecessary financial losses.
Currently, this broker is marked as a "Scam" on Traderknows.
