Is olymptrade-by.com a scam?
'LIKELY SCAM'
Risk: HIGH
Website Screenshot
Overview
This site displays multiple hallmark red flags consistent with pig-butchering scams, including false claims of long-term establishment and regulation, despite having a brand-new domain registration. Technical and narrative inconsistencies further increase the likelihood of deceptive/fraudulent activity.
Why We Think This Is A Scam
Claims '11 years of empowering traders' and '© 2014-2026 Olymptrade' on a domain registered only 6 days ago; strong evidence of misrepresentation.
States 'Olymptrade is a licensed and regulated online broker' without providing any verifiable regulatory details, which is a common tactic for scam platforms.
Host is Internet Utilities NA LLC in Latvia (LV), a high-abuse risk region for financial scams.
Repeated generic promises of risk-free trades, insured deposits, demo accounts, and negative balance protection, which often serve as lures in pig-butchering schemes.
Heavy promotion of a downloadable app and crypto/forex asset classes, fitting the typical pig-butchering funnel.
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Registration Info
Registrar:EuroDNS S.A.
Registered:2026-06-09
Hosting Info
Provider:Internet Utilities NA LLC
Location:LV
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