Is Olsson Capital Scam?
|Regulation||Olsson Capital is not regulated|
|Owners||Carter Enterprises OU|
|Address||85 James Boucher Blvd, 1407 Sofia, Bulgaria|
Olsson Capital Overview
Olsson Capital is an unregulated Forex & Crypto CFD broker that was established in 2017, Olsson Capital is owned by Carter Enterprises OU.
At TradeProperly we believe that Regulation & license are the most important factors that needed to be considered, so we did our research and found this warning from the FCA(Financial Conduct Authority):
This FCA warning is a serious issue and due to this fact, we will not recommend opening an account with Olsson Capital.
Who is Olsson Capital For?
In our opinion, new traders will find Olsson Capital a good trading platform, while experienced traders will probably want to use the MetaTrader 4 that is not supported by Olsson Capital.
Tools & Training
Olsson Capital provides a lot of educational tools, on their website we found:
3 different E-books(Basic Trading, Commodities, CFD)
An active YouTube page
Olsson Capital’s educational tools seem quite impressive and can be used without an account.
Platform & Assets
Olsson Capital use’s a web-based platform that we found pretty easy to use, with a variety of assets such as Forex, Indices, Commodities, Crypto Currency, and Stocks.
Its possible to adjust the chart view to candlestick or line, In addition, there is an option for adding some technical indicators.
You can set up the leverage amount you would like to use, and the Stop Loss / Take Profit rate by default.
Now, we have noticed some issues with the platform that may lead to bad habits:
- Stop loss is also the investment amount and it could be only adjusted by the default rates of the platform, it means that your trade will be automatically closed when you lose 100% of the investment in case the trade is going against you.
- Take profit rate is automatically set up to 50% from the total investment, you will not be able to use less than 50% take profit rate, in case you have an open trade and you are not in front of the platform, its possible to use take profit by setting up a specific rate in order to make sure your trade is automatically closed on profit (usually 5%-10% is enough).
Contact phone numbers :
UK: +44 (203) 936 2524
Czech Republic: +420-2-2888-3964
TradeProperly Final Opinion of Olsson Capital
With an easy to use platform, a variety of assets to trade on, useful educational tools, and a daily updated news.
As long as Olsson Capital is an unregulated broker we will not recommend opening an account with them.
Remember, regulation is for you and will protect you from scams.
Tools & Training
Do you have any kind of experience with this broker? Want to share your opinion? Please share your opinion by commenting below, let us know if you found this article useful or if you have any questions.