Say you’ve been contacted by the Olympia Trust Currency & Global Payments (Cgp) investment company. We understand that you’re not sure what to do, i.e. whether to invest.
Well, there are a couple of things you should know about this company. We managed to compile all the necessary info in the Cgp.Olympiatrust.Com Review.
Olympia Trust Company, the entity behind Cgp is part of the Olympia Financial Group from Alberta, Canada. Essentially, the company offers FX trading solutions on its PayFX platform.
What about the Cgp.Olympia.Com regulation? The company’s website says that Cgp is compliant with the Canadian Financial Transactions and Reports Analysis Centre (FINTRAC), the UK’s Financial Conduct Authority (FCA) and the US Financial Crimes Enforcement Network.
Upon checking the databases of these authorities, we didn’t find an entity with “Olympia Trust” in its name at all. The FINTRAC regulation is the most important here since Cgp operates in Canada but it’s missing.
The Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) don’t have Cgp in their registers either.
We did find Cgp listed on the Canadian Securities Exchange but that doesn’t mean the company is licensed to provide trading services.
Olympia Trust Company is an Alberta-based investment firm that promises great returns. However, contrary to the claims on the website, this company isn’t registered with Canada’s regulatory authorities such as the CSA and FINTRAC.
Aside from Canada, Cgp has been active in other countries as well. That’s bad news since the company isn’t licensed in its own home country, let alone abroad.
Therefore, always check the regulatory status and license of a particular company before investing. If you don’t, you could easily get defrauded.
Cgp is active on Facebook, Instagram, Twitter, and LinkedIn. Social media is the perfect tool for finding potential clients, or victims… This is what we gathered from the company’s website.
We also found out that Cgp bought Google ads and ran online marketing campaigns. The company doesn’t use WhatsApp or Telegram.
In addition to all of the mentioned methods, we suppose Cgp also calls clients directly on the phone or sends emails.
Cgp’s former employees have mixed reviews about the company. As for clients, they also had complaints against Cgp. We found some short comments and reviews about Cgp and decided to post them here. Some people found Cgp suspicious from the start.
This company is garbage. They charge excessive fees bordering on criminal fraud. They don’t care about what’s right or wrong. Stay away!!
Probably one of the worst Trust Company’s to put your money into. Once they have it, they wont make it easy for you to transfer out or get it back…
Cgp’s proprietary platform is called PayFX. It’s a web-based trading terminal that can be accessed via both desktop and mobile phones.
According to Cgp’s website, this platform allows you to “buy & sell foreign currency, manage your global payments or simply hold multiple currencies in one account.” There are a total of 18 currencies available for trading, among which are USD, GBP, EUR, CAD, AUD, NZD…
Cgp offers two different account types – corporate and personal accounts. The company stated in its FAQ section that the minimum transaction amount for the corporate account is 25,000 CAD. For a corporate account, clients have to contact the account manager.
The same goes for the Personal account. As for the fees, Cgp charges 15 $ for wire transfers, adding that the fee is subject to change at any time.
Let’s take a look at the available payment methods. The Cgp.Olympiatrust.Com payment options include:
Processing time is between one and three business days. The first two methods are fee-free allegedly but people claim that Cgp demanded huge fees. The wire transfer fee is 15 $.
As for the settlement methods, Cgp listed the following:
If you’re having issues with the Cgp.Olympiatrust.Com withdrawal process, please let us know so we could help you try to solve it.
All in all, Cgp is a vague company. There’s no license/regulation in force and the complaints we found seem honest. The final verdict – don’t invest in Cgp.Olympiatrust.Com.
If the company violated any terms and conditions, please let us know. Here at Global Fraud Protection, we have experts that specialize in bank chargebacks and recalls. We are your best chance at getting your hard-earned money back but you must act quickly.
If this company steals your money, we can help you get it back. Book your free consultation with us to learn what you can do. The easiest and fastest way to book a consultation is via Online Chat.
Not really because the company lied about being licensed by FINTRAC, or any other Canadian financial authority for that matter.
No, this isn’t a typical brokerage company so there’s no demo account, only personal and corporate accounts.
No, but the PayFX platform can be accessed online so there’s no need for a mobile or desktop app.
PayFX is a browser-based trading platform. Thus, we suppose it has limited features.
Not really because the company lied about being licensed by FINTRAC, or any other Canadian financial authority for that matter.
No, this isn’t a typical brokerage company so there’s no demo account, only personal and corporate accounts.
No, but the PayFX platform can be accessed online so there’s no need for a mobile or desktop app.
PayFX is a browser-based trading platform. Thus, we suppose it has limited features.
The post Cgp.Olympiatrust.Com Review – Is This Canadian Firm Trustworthy? appeared first on Global Fraud Protection.
