REVIEWS Review: Is Olymp Bot Scam or Legit?

Olympbot Review: Olympbot software is allegedly the best trading option for the digital option Olymp trade. This software was allegedly developed by experienced traders. The OlympBot is a Binary Options trading software that promises users to be the latest and greatest.  This robot was created by a team called Binary Bots Development, located in St.Petersburg, Russia. They can be reached via mail


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What Is Olymp Bot

Olymp Bot is a software that was specifically built in order to work with a brokerage called Olymp Trade. Olymp Trade is a very popular brokerage as many traders are well conversant with them. The bot opens and executes trades on your behalf with an alleged win rate of 72%.


Olymp Bot Details

  • Type: Binary Options Robot
  • Price: Free
  • Developer: Binary Bots Development
  • Support:

Olymp Bot Features

  • Compatibility- The robot is compatible with Chromium-based browsers (Google Chrome, Opera) and FireFox browser.
  • User Friendly
  • Mobile Version

Olymp Bot Review: Disturbing Things Discovered About OlympBot

Though there are positive reviews about this software, one or two things don’t settle well with us, and therefore we have tagged them ‘Redflags’. The First and formost is the contradictory statement on the platform, they claim the software is for free but the truth is that when you actually sign up, you will discover that the robot is locked until you have deposited a certain amount of money into your Olymp Trade broker’s account. This deposit has to go through their affiliate link because that is how they get compensated. Another reason why you shouldn’t trust this Bot is that though they claim to have over 400 active users, there is no proof of trading performance. They are only giving us statistics which cannot be verified.


We are not sure of this binary options bot. They have not given us enough reasons to trust them. We advise you to stay away till they rectify the issues we pointed out.

Our Recommendation

They are lots of online investment opportunities which could fetch you money and give you a good Return On Investment. We constantly search them out to guide our readers so they don’t fall for scams. Always feel free to interact with us in the comment section.

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Joseph Kisakye
Joseph Kisakye

tried it on demo account and it worked well, actually making profit of $20 each round. So I decided to try out on live account by following their instructions and deposited $100. However it turns out that the bot doesn’t work on live account and returns an invalid request then the bot stops working abruptly. I contacted their support and all I was told is to try again later. Hahahaha…the good thing is that my money is intact and can withdraw it. The dev is very coz he gets 1% commission for each deposit and it’s non of his business… Read more »

Jhon Calvin
Jhon Calvin

Olymp Copy Trading is one of the fastest growing online trading Automated trading software in the world. We have now expanded our best Binary option trading with multiple strategy based on Awesome Oscillator Strategy, CCI, RSI Strategy, Moving Average Strategy, Metatrader Connector. It’s able to trade on Turbo, Binary, OTC.

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