Prime Olympic Review

About Prime Olympic

Prime Olympic operates through the domain primeolympicpro.com and is registered at Nieuwewandeling 62, 9000 Gent, Belgium. It does not hold any valid licence or authorisation from the Belgian regulator (FSMA) or any other financial authority in Europe or elsewhere. The Belgian FSMA placed Prime Olympic on its warning list for fraudulent trading platforms. The Dutch regulator (AFM) issued a consumer warning, stating that Prime Olympic is considered a suspected boiler room and does not possess any AFM licence or European passport. Registration details on the firm’s website list asset classes such as Forex, Cryptocurrencies, Commodities, Indices, Shares, offering maximum leverage up to 1:500 for Forex, but all trading conditions—including minimum deposit (e.g., $250), spreads (reported as 0.4 pips), leverage (1:100 in user area vs. 1:500 advertised), platforms (Web Trader, possibly MT4/MT5), and available instruments—sound unverified and are flagged as inconsistent. These facts indicate that Prime Olympic is an unregulated broker with high operational risk for investors.

Pros and cons

Cons

• Does not hold any valid regulation or licence in Belgium or internationally, posing a high risk to client funds.
• Listed as a suspected boiler room by the AFM and flagged by the FSMA as fraudulent.
• Inconsistent details regarding trading conditions (e.g. conflicting leverage and spreads information).
• No segregation of client funds, no negative balance protection, no compensation scheme—no investor safeguards.