OlssonCapital Broker Review

OlssonCapital Broker Review
Ines Matkovich
OlssonCapital is an unregulated CFD and crypto trading broker that gives traders a chance to try online trading. They claim how trading with them is ‘easy, powerful and profitable’, so naturally we decided to do an OlssonCapital review that will provide all traders a better insight into what trading with this broker is really like.... Read more
OlssonCapital is an unregulated CFD and crypto trading broker that gives traders a chance to try online trading. They claim how trading with them is ‘easy, powerful and profitable’, so naturally we decided to do an OlssonCapital review that will provide all traders a better insight into what trading with this broker is really like. They say how they are reliable and supportive broker, which are very attractive features to most traders. The broker’s headquarters are located in Sofia, Bulgaria. OlssonCapital review will help you find out more about different account features, software, customer support quality as well as depositing and withdrawing methods available.
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  1. OlssonCapital is an unregulated CFD and crypto trading broker that gives traders a chance to try online trading. They claim how trading with them is ‘easy, powerful and profitable’, so naturally we decided to do an OlssonCapital review that will provide all traders a better insight into what trading with this broker is really like. They say how they are reliable and supportive broker, which are very attractive features to most traders.

    The broker’s headquarters are located in Sofia, Bulgaria.

    OlssonCapital review will help you find out more about different account features, software, customer support quality as well as depositing and withdrawing methods available.

  2. Conclusion:

    We make it our mission to not recommend anything but the best – which, according to industry experts, is FXMasterBot, a trading software that lets YOU choose the broker and also provides fast, reliable and FREE trading signals!

    Your capital is at risk
  3. OlssonCapital Special features

    During our OlssonCapital review we were looking for a section that could provide us with more specific information about different account features. However, we found no such page, so we decided to create a trading account.

    The OlssonCapital registration process is fairly simple and will look familiar to anyone that uses the internet. At least it appears so. You have to click ‘Open Account’ or ‘Sign Up now’ buttons that are scattered all over the homepage. They are really hard to miss.

    Once you click the button, you will be taken to a registration page with a form that needs to be filled out. Bear in mind that certain information can’t be changed – account currency remains the same once selected. Your account balance can be in EUR, USD, GBP or AUD.

    That is when our difficulties started. Even though the country our team is based in, is listed as supported on the country list, it was impossible for us to make a legit registration and open a trading account. At first, we believed how it is our mistake. Only after contacting the customer support and letting them know about the problem we managed to get access to the trading account we applied for. While customer support was very friendly, this left us feeling a bit annoyed.

    OlssonCapital Demo Account

    Unfortunately, this broker is not offering a demo account that traders can use to test the platform and perfect their trading skills. This is something we found a bit unusual as most CFDs brokers offer a free demo. Demo account is always something we accept with arms wide open, as it gives traders a chance to experience real trading with virtual money, thus meaning without a risk of losing the money they dedicated for trading due to beginner’s mistakes.

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  6. OlssonCapital Trading software

    One thing that traders should know prior to making an account or a deposit is the fact how they won’t be able to check out the platform until they register. The OlssonCapital software is Spot5, by popular platform provider SpotOption. Former binary options traders will already be familiar with this platform, while forex traders will find it to be incredibly simple, especially when compared to most popular forex platforms such as Metatrader4. Even though there is no demo available, traders can at least check out how the platform looks like.

    Unfortunately, Olsson Capital is not offering a mobile trading app, either for Android or iPhone users.

    Spot5 platforms supports an impressive number of assets traders can choose from. Currencies are in the first place, which means that this is a forex broker as well. Traders have 35 hard currency pairs at their disposal. The same asset list offers cryptocurrencies as well: bitcoin, bitcoin, cash, dash, Ethereum, Ethereum classic, litecoin, monero, ripple and zcash, as well as following pairs: BTC/EUR, BTC/GBP, ETH/EUR, LTC/EUR.

    There are also 7 commodities available, 9 indices, and 7 stocks. Considering they claim to be CFDs broker in the first place, we were expecting a broader selection of CFD instruments available.

    Leverage goes up to 1:200. At the moment of writing this OlssonCapital review, it was impossible to find any info on the spreads offered. During the testing period, EUR/USD spread was around 0.2 pips.

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  8. OlssonCapital Support information

    Unfortunately, we needed to contact customer support as we experienced difficulties during the registration process. This usually ends bad, but in this case, the issue was resolved, and we managed to resolve the technical problem fairly quickly. The live chat support agent was very friendly and didn’t try to push sales, but was really dedicated to solving our problem. We appreciate this type of approach.

    Besides the live chat, traders can also use phone numbers for Bulgaria, UK, Sweden and Czech Republic, online form, and an email address.

    The trading platform and the website are available exclusively in English and we hope that more languages will be added soon. When it comes to trading, there are several articles available explaining what CFDs trading really is. There are also 5 different ebooks traders can use to increase their knowledge in financial trading. However, bear in mind that most of this literature doesn’t explain more advanced aspects of trading such as fundamental and technical analysis, as they don’t go in depth into explaining different types of strategies.

    Academy section offers a series of online videos, as well as a glossary with most used terms and FAQ section with most popular and common questions. There is also a signals service, but we found no explanations on how the signals are generated. For this reason we find it hard to recommend these signals. Also, when we tried to test the signals to see what trading signals look like, we got a warning how our connection is no longer secure. This is something that will make many traders pretty reluctant towards signals trading.

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  10. OlssonCapital Payment Methods

    Minimum deposit with this broker is $250, but for bank wire, the minimum deposit is $500. There is no limit to the minimum withdrawal. Accepted deposit and withdrawal methods are bank wire, credit cards, e-wallets and western union.

    There are also some standard fees that apply in case of a withdrawal:

    • Credit Card: 3.5%
    • Wire Transfer: $20
    • Withdrawals of less than $100 via credit card or wire –  $20

    Such high fees make smaller withdrawals almost unprofitable. Dormant accounts are charged with a $25 fee after two months. All traders who wish to make a deposit are obliged to verify their accounts. The verification process consists of sending the following documents:

    • ID document
    • Utility bill or bank statement
    • Copy of credit card
    • Declaration of deposit

    Declaration of deposit is a special form you have to fill out and send back via email. This procedure is somewhat different than with other brokers but it is for your own protection. Make sure to understand that withdrawals are not instant, but take some time to be processed. It usually takes 7 working days plus additional 7 days for the funds to be visible in your bank account.

    All clearing and billing services related to this broker are done by Carter Enterprises OU and GM management DOO.

  11. Conclusion:

    We make it our mission to not recommend anything but the best – which, according to industry experts, is FXMasterBot, a trading software that lets YOU choose the broker and also provides fast, reliable and FREE trading signals!

    • Choice of reputable brokers
    • Free forex & crypto signals
    • Advanced trade settings

    Try a simpler
    way of trading
    with FXMasterBot

  12. Your capital is at risk
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