Olymp Trade — Differences between accounts are too big

Olymp Trade — Differences between accounts are too big

C ChakraChopra Oct 15, 2024 Oct 15, 2024 This thread was updated on Oct 15, 2024

Not a technical complaint, because from what I use, the platform works without bugs or glitches. But the fact that I am on standard account (and I bet 99% of people from India are on standard accounts too) is a big deal. Usually the difference between standard vs elite account is maybe 0.1 pips of spread, but in Olymptrade case, the difference is massive. Expert account gets 93% returns on trades, standard only 85%. There are also 20% discounts. I can't get expert acc - need 2000 dollars for it. So I am earning a lot less than people who are rich... By my estimates, around 10% less... that is clearly too much, if you compare the difference vs other brokers. Was this information helpful? No (0) Yes (0)
Olymp Trade customer support has been notified about the posted complaint. Verified Support Oct 15, 2024 Olymp Trade Customer Care's response Hi, ChakraChopra. Thank you for your feedback and for sharing your thoughts with us. We're glad to hear that you're satisfied with the technical performance of the platform! We understand your concerns regarding the difference between the Standard and Expert accounts. The varying return rates and benefits like discounts are designed to reward users based on the account level, but we certainly want to ensure that all of our traders, regardless of account type, have access to valuable trading opportunities. We appreciate your point of view and will take it into consideration as we continue to work on providing a fair and balanced trading experience for all our users. If you have any further questions or suggestions, please don't hesitate to reach out to us directly. Wishing you the best in your trading journey! Best regards, The Olymptrade Team
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