Olympia Capital Exchange has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: +507 833-9840, fax +507 833-9940
Addresses: Suite 740 AZ Business Center Avenida Perez Chitre Panama 0601 Republica de Panama This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: olympiacapitalx.com.
The spread at Olympia Capital Exchange is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them through my accountant's suggestion and initially thought the platform was good - until I started trading seriously.
Pros: Automated trading options|Educational resources|Economic calendar|Instant funding
Cons: No fractional shares
The mobile app from Olympia Capital Exchange is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Helpful community forum|Responsive team
Cons: Could offer more webinars|Withdrawal takes 1-2 business days
Olympia Capital Exchange had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Fast execution|Fast deposits
Cons: Limited ETF selection|Some tools only available on higher tiers
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Olympia Capital Exchange recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: API access|Automated trading options
Cons: Would like more payment methods
Do not believe the bonus offer from Olympia Capital Exchange. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited through a forum discussion and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Real-time alerts|Economic calendar|Reliable uptime
Cons: Minor UI glitches occasionally|Email notifications too frequent
The so-called education at Olympia Capital Exchange is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for about five months thinking they would help me learn.
Pros: Stable platform|Clear documentation|Demo account available|Two-factor authentication
Cons: Withdrawal takes 1-2 business days|No integrated tax optimization
The platform at Olympia Capital Exchange is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After since early this year of dealing with this, I have had enough.
Pros: Helpful community forum|Wide product range|Professional team|Risk management tools
Cons: Spreads widen during volatile periods
What really bothers me about Olympia Capital Exchange is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them through a financial advisor and I fell for the polished exterior. Never again.
Pros: Real-time alerts|Wide product range
Cons: Nothing significant|Spreads widen during volatile periods
I wanted to transfer my portfolio from another broker to Olympia Capital Exchange. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Clear documentation|Two-factor authentication|Fast support response
Cons: Charting tools need more indicators
Olympia Capital Exchange locked my account without warning and demanded documents I had already submitted. for over a year later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Social trading features|Personal attention|Professional team
Cons: Limited social trading features|No integrated tax optimization