Olacco offers its potential clients to join a community of traders that, according to its claims, already consists of 3 million users. The broker calls itself licensed, however, we did not find any documentation. Judging by the information on the website, the company also does not have a legal entity, although the company mentions an office in Switzerland. The project’s website was founded in November 2023. Do you think this company can be called reliable?

Trading Conditions

To start working with Olacco, you need to deposit at least $10,000. The company offers a choice of 7 trading accounts: Bronze, Silver, Gold, Premium, Platinum, VIP, and VIP+. The accounts come with access to a personal manager, education, risk management strategies, and risk-free trades. Managed accounts are available for deposits of $100,000 or more. Trading is conducted on the company’s proprietary platform, but the company also says that you can use MetaTrader. CFDs are available on popular assets, such as:

Forex.
Stocks.
Indices.
Commodities.
Metals.
Energies.
Bonds.
ETFs.

You can trade with Olacco in a web browser or using a mobile app. Customer service is online 24/7. Judging by the fact that you need to enter a promo code during registration, there is a referral program.

FAQ

Would investing in Olacco offer the best returns?

CFD trading is not as profitable as it is described. Therefore, it is not worth talking about making money. It is more likely that you will lose it.

Does Olacco carry out withdrawals?

Based on reviews, withdrawal problems have already appeared in such a short time. Did they not live up to your expectations? We want to hear about it.

May I be scammed on olacco.com?

Yes, you are most likely to be scammed: this project was launched recently and could disappear very quickly.

What's the best way to share my experience with Olacco?

Fill out the form and we'll make sure your voice is heard.

How can I tell if this is a fraudulent company?

Do your own research and never believe those who promise you easy money.

Criteria

Jurisdiction: No

License: No license

Leverage: Not indicated

Broker type: DD

Demo account: No

Affiliate program: Referral

Minimum deposit: 10000$

Trading platform: MetaTrader 5, WebTrader

Assets: Forex, CFD

12 reviews about Olacco

bo
October 28
Newbie company scams investors
Olacco is a new company on the market, but it has already scammed people. My friends, persuaded by the company's promises, invested their money, believing that the firm was reliable and licensed. However, no one bothered to check for a license. As a result, people's money was lost. My research has shown that the company has no registration or regulation, and its claims to operate through MetaTrader are false. They use their own fraudulent platform. Be careful and don't fall for their trap.
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bas
October 22
I’m happy with them
The customer service is great, there are a lot of assets, and overall, this broker is for me. The high minimum deposit doesn't bother me, because that means I'll have a big profit. Overall, I recommend it…
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3535
September 4
I got my money back, but it was too little...
Withdrawals work with this company, but there is one catch. Their commissions are too high. I lost a lot of money because of these commissions. There was no point in trading. I was lucky to get my funds back at all.
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Holden
June 24
It's a pleasure to work with them
My experience using olacco's trading platform has been nothing but positive. The selection of assets is impressive, which makes trading much easier. The platform is easy to use, and the responsive customer support allows me to quickly get answers to my questions. All of this makes trading here a pleasant and effective experience.
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y-slash
June 19
This is a fraud, plain and simple
How can anyone believe this scam? Picture this: Olacco wants an investment of at least $10,000, but there is no information about the company. You don't know who is behind it. They hide how long they have been in business because they probably only exist for a few months. They claim to be award-winning, but that's a lie. All of this is easily verifiable. And this company is asking for a large sum of money that is only available to a few people!!! It is unacceptable that there are companies that do not offer the opportunity to start with a minimum investment.
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Alex S
May 15
I'm so disappointed!
I lost a lot of money because of Olacco. They promised me high profits, but in the end, I was left with nothing. I first lost a lot because the trades were slow, and then I filed a withdrawal request, which they have been ignoring for several weeks.
I tried to contact them to get my money back, but they are ignoring my messages. They are real fraudsters!
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Leeroy
April 25
I'm suspicious of this company
I just learned about Olacco and I'm suspicious of a lot of things. First of all, the fact that they called me first and offered to open an account is a red flag. Normally, reputable companies don't do this and find customers through other means. Secondly, I noticed that they completely disclaim any liability to their consumers and warn about high risks. If a company makes such statements, it probably means that there will be no profit.
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yama
April 12
Scammers!!!
I lost a lot of money because of them!!! They are the real scammers!!! I don't know how to get my money back, please help me!
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Irr
April 8
They're scamming you
I always get a kick out of companies like olacco that brag about millions of users and amazing achievements, but then have no license, no registration, and no reputation. They just popped up out of nowhere, and nobody had ever heard of them before. Please, don't fall for their offers: there's no guarantee that you won't be scammed.
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cxJo
March 6
They're not attentive to their customer’s needs
If you have any questions about trading, don't even bother expecting an answer. I tried to contact olacco's customer support, but they couldn't help me. I asked about some platform features, but they didn't know what I was talking about. This is very frustrating, especially since they claim to offer quality training.
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Pop
February 8
I'm losing money here
Trading with Olacco is inconvenient and slow, which is leading to losses for traders, including me. Plans to buy an asset at a certain price often fall through due to the slow performance of the terminal. My attitude to this process is becoming negative. I am now considering the possibility of withdrawing my funds, but I'm not sure of the success…
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forced
January 15
I regret ever getting involved with them
I also invested a significant amount of money in Olacco, and now I regret doing so and worry that I will be left with nothing. I decided to trust this firm because they call themselves licensed and regulated project. But judging by the reviews, this is not the case at all.

I would not have gotten involved with Olacco if I had known they did not have a license. It is very risky, and I could lose all my money. I hope I can get back at least some of it.
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