Is Olsson Capital a scam broker?
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Olsson Capital is owned by Carter Enterprises OU and is operational address is at Sofia Bulgaria, and registered address is at Estonia. It is into CFD and Cryptocurrencies CFD trading. The company was established in 2017.
Assets on offer for CFD trading available on website are in five categories. Cryptocurrencies like Bitcoin, Ethereum, Litecoin, Ripple, Ripple, Monero, Dash etc. Currencies pair include all major currencies USD, GBP, JPY, CAD, EUR, etc. Commodities include precious metals, Agri, and oil, etc. And also shares or stocks of multi-national companies of the US, the UK, and Europe. Indices like US30, Shanghai Composite, Nifty Futures, Kospi, Dow, S&P500, etc.
Olsson Capital offers their traders Spot5 forex, CFD, and crypto currency trading platform which is very popular and user-friendly. The customer service is available only in English.
No need to download the trading software as it is web-based trading platform that is you can log into your accounts and trade on any device which has an internet connection.
Deposit process is simple, quick and safe. There are a number of methods like credit/debit card (Visa and MasterCard), bank wire transfer and e-wallets. Account currencies are USD, GBP, AUD, and EUR. One cannot change the currency selection after registration. No money is required during registration but in order to trade money has to be deposited in your account.
Market tools available are Signals and Economic Calendar. Free trading signals are provided by the company to help the trader make the best decision. Using advanced algorithms the market patterns are recognized and the software sends an alert to any changes as soon as they take place and give the trader buy or sell suggestions. Trading signals of any shifts in the market are offered in real times and alerts can be sent to your desktop/laptop or mobile phones directly. One can gain valuable market insights by effectively interpreting these signals.
Economic Calendar informs you about events that will take place in future regarding government policies and central bank announcement which can affect trades and you can stay ahead with it.
Olsson Capital is a scam broker because it is not licensed and also not regulated with any of the financial regulators. It has been given warnings from British FCA. It is also not regulated in its home country. Most of the online scam is committed by unregulated brokers and traders to have nowhere to go if in case the company stops payments.
One of the authors at .trustpilot.com says the company uses Facebook to illegally advertise their company and is endorsed by Martin Lewis. Martin Lewis is a money saving expert who appears on TV in the UK.
Another author says that the company is tells only lies and nothing else. They are after only and only one thing and that is to steal your money. Furthermore, he writes that company only ensures that the traders keep on depositing as much money as possible and not a single penny is returned. Olsson Capital is scam broker.
If you have been scammed or fraud by any of the fly-by-night brokers you can take help of MyChargeBack to get your money returned. MyChargeBack and their team of professionals see to it that scam operators are cornered before they find another victim.