Abstract：It is estimated that the average daily trading volume in
Nigeria's forex market may be around 350-450 million naira (US$1-1.2
million), and this figure is still on the rise. The number of Nigerian
investors who are interested in forex has been growing steadily over the
past decade, and Nigeria may have as many as 300,000 retail forex
traders, among which about 25 percent are active traders.To get more
news about
OLYMPTRADE forex, you can visit shine news official website.
In the face of the huge demand of the forex market in Nigeria
without unified supervision system, many illegal brokers take advantage
of this favorable condition to defraud investors by tricks. Illegal
brokers have great space in the forex market, and these brokers take
advantage of investors ignorance to earn a great amount of money with
little cost. And it is very fatal for forex investors in Nigeria.
Since WikiFX has exposed OLYMPTRADE to public many times,
OLYMPTRADE keeps sending warning messages to WikiFX recently. Yesterday,
WikiFX received another complaint against OLYMPTRADE from an investor.
The event recap:
The investor tried to invest forex, and then he started to know
OLYMPTRADE from the Internet and deposit money at the platform. At the
beginning, he lost 30USD and inquired OLYMPTRADE that if he deposits
100USD when can the money be withdrawn？ The investor was told that he
would get 90% immediately and the other 10% would be returned to his
trading account in 5 working days. Then he deposited 100USD as a try.
Ironically, after 30 days, when he sent an email to require the refund,
he received an auto reply, showing his request was under waiting.
Unfortunately, his 100USD was confiscated unreasonably by OLYMPTRADE.
What's more ridiculous is that OLYMPTRADE sent an Refund confirmation
email to the investor when he deposited his money successfully.
(WikiFX respects option of victims that they refused to provide
video due to it involves the issue of personal privacy. WikiFX has made
effort to collect the evidence available to be shown. Thank you for your
understanding.)
WikiFX has exposed OLYMPTRADE many times. But OLYMPTRADE still
does not give a positive explanation why they didnt register as a
regulated broker. On the contrary, they have been explaining they are a
legal broker.
Per checking WikiFX App, OLYMPTRADE has a poor rating of 1.22, and
the broker currently has no valid regulation, bearing great risks. The
broker is currently active on large social network such as Telegram and
Facebook, please stay away!
Declaration:
The article evidence exposed by WikiFX is verified by the following processes:
1: Evidence Collection: (Chatting history records, Trading history
records, Banking Transaction records and recording videos from victim).
2: These evidences will be evaluated and verified by expert who has been work in forex industry for many years.
3: The editor will review it again before the article is published.
If you find there are still exist errors in article, we will
improve them as soon as possible, and strive to provide consumers with a
good and reliable exposure platform. Thank you for your feedback.
The Wall