Some fraudulent brokers use the names of already existing legitimate companies to gain trust and attract more naive investors and traders. In our Ollyn Investment PTE LTD review, we will look at just such a case. This company did not hesitate to borrow the name and address of another firm, creating the appearance of official and legal operations. However, in reality, it’s pure deception. Let’s break down why.
Key Features
- Company Name: Ollyn Investment PTE LTD
- Website: https://ollyninvestment.com/
- Available Contacts: [email protected], [email protected], +6531596915
- Foundation: 2024
- Services: CFD Trading
- License: No
- Initial Deposit: €100
From Sign-Up to Payout
Those who have been in the Forex market for a while have likely noticed that scammers often use the same templates to create the websites for their pseudo-brokers. Ollyn Investment PTE LTD is no exception. They took a standard template, made a few tweaks, and now they have an “official” website. It doesn’t stand out with beautiful design or professionalism. It’s a cheap brokerage portal filled with fictitious advantages and empty promises.
Instead of serious legal documentation, there are only small sections concerning privacy policy, AML, and general terms. Where are the KYC policy, refund policy, and order execution policy? The site’s interface is translated only into Russian and English. Any talk of a global presence is clearly out of the question.
Just by looking at this “official” website, you can already suspect something is wrong. Let’s try to register and take a look at the personal account, as well as explore the trading platform.
The registration process at Ollyn Investment PTE LTD is quick. However, it requires the mandatory input of a promo code. And where do you get this magical key that opens the gates to the world of trading and finance, success, and profit? There’s no answer to this question. Perhaps you’ll need to contact their staff to help with registration. It’s inconvenient and time-consuming.
Registration only with promo codes is a serious red flag. Why doesn’t the company allow users to freely create an account? Is it hiding something? It seems there might be a unique fraudulent scheme at play here. We’ve noticed that this approach is only found with scammers.
So, we can’t look inside. According to the official website, the broker requires clients to go through identity verification. If you somehow managed to create an account, we recommend not rushing to send in your documents. It’s better not to reveal your personal data to anonymous individuals. You need to make sure the company is reliable. You’ll learn more about this further in our Ollyn Investment PTE LTD review.
The deposit/withdrawal methods listed are as follows:
- Credit/debit cards.
- Bank transfers.
- Electronic payment systems.
However, something tells us this is false information. In reality, the company likely only accepts cryptocurrencies. This is just our guess.
Our Trading Experience With Ollyn Investment PTE LTD
Want to know what trading platform is offered here and test its capabilities on a demo account without risking your money? So do we. However, as mentioned earlier, a promo code is required for registration. Therefore, it’s impossible to objectively evaluate the platform. All we can do is rely on the information provided by the company itself.
Brokers often exaggerate the features and capabilities of their terminals, describing them as leading solutions in the market. In practice, however, it turns out to be a basic web trader that allows you to plot a few levels, draw a trend line, add a few indicators or a Fibonacci grid, and create a limit order.
According to the description on ollyninvestment.com, the platform is only available in a web version with a minimalist design. There are no mobile or desktop versions, and the terminal’s capabilities are not described in detail. Such an interface might suit beginners who are encountering trading for the first time. However, for professional and successful trading, this is definitely not an option. Ollyn Investment PTE LTD clearly doesn’t care about clients who need advanced features. Although the solution is obvious — add support for alternative software like MetaTrader, which would handle this task perfectly.
The Reality Check
Ollyn Investment PTE LTD — a Singaporean company, but without a license from MAS — doesn’t that raise any concerns? The official website says nothing about regulation, even though it lists a Singapore address. In Singapore, MAS is responsible for overseeing Forex brokers. We even checked the registry, and this firm is not listed there. This means the firm operates without any license, i.e., illegally.
We began our Ollyn Investment PTE LTD review by pointing out that scammers often adopt the names of existing companies to create an illusion of legitimacy and experience. This is exactly that kind of case. There is indeed an organization in Singapore with a similar name, but it has no connection to the website ollyninvestment.com. These are two completely different entities.
Where this broker is actually registered remains a mystery. It’s quite possible they have no legal registration at all. As we discovered, they don’t have a license either. Their entire operation is completely illegal, meaning your funds are at serious risk.
How Long Has Ollyn Investment PTE LTD Been in the Game?
It’s amusing how scammers get tangled up in their own fake data. Take a look: on the homepage, they proudly claim, “Founded in 2016”, but in the “About Us” section, another date appears — “Founded in 2003”. So which is it, 2016 or 2003? In reality, it’s neither. This is a fresh scam that started in August of 2024, just over a month ago. Pay attention to the domain registration date and the first reviews online.
Extra Fraud Indicators
Experienced traders and investors can immediately spot a scam trap by several other signs. For example, the company offers investment plans with huge returns, which already resemble a Ponzi scheme. The broker promises 21.24% profit in just 15 days — that’s over 500% per year. Such astronomical figures are simply impossible in real financial markets.
And that’s not all. Would you trade on a platform knowing in advance that its goal is to make you lose all your money? Probably not. However, Ollyn Investment PTE LTD operates exactly on this principle. Their objective is not to help clients earn but rather to make them lose money. This is the only way scammers profit from their operations. This approach is known as a dealing desk or boiler room, where the company is not an intermediary but a direct competitor to you in the market.
We also strongly recommend checking contact details for suspicious signs. For example, a phone number may have already been used by other fraudulent platforms or may belong to another company entirely. The email provided could also be fake. In the case of these scammers, that’s exactly what happened. They supplied fake email addresses.
Is Ollyn Investment PTE LTD the Right Fit?
If you’ve read our review to the end, there should be no doubt — this is definitely a fraudulent company. The scammers failed to hide behind the mask of a legitimate organization. They don’t have a license; their domain was registered very recently, and this is just part of the many signs of a scam. We hope our ollyninvestment.com review helps you avoid losing money. After all, it’s a terrible feeling to realize you’ve sent money to a platform from which it’s impossible to get it back.
I don’t think it’s a good idea to open a brokerage account here. I learned about these scammers after receiving a call. The spammer tried to convince me to make a hefty deposit, offering profitable trading and investments with high returns and guaranteed reliability. I know full well this is a scam, so I yelled at him and hung up. I recommend you do the same. This firm is worthless. Ollyn Investment PTE LTD is just another fake and illegal broker. Trust me and my 15 years of experience in the Forex market.
Scammers, WATCH OUT!!!
Egor
Veniamin
Maxim
I just got scammed!!!! SOS !!! Ollyn investment company and web trader are liers and scammers
2 weeks ago they promised me to withdraw my money it’s over 95000 euro !!!and they ask for more money to do it !!!! We have to unite expose this company and return our money !!!! We went to police to ask for a help
меня тоже развела на деньги эта компания. деньги потеряны и к сожалению их невозможно вернуть.