Ollyn Investment PTE LTD Review – Should You Trust This Broker?

What’s the Secret of a Successful Investor? Many would say it’s having the right partners. A well-chosen trading platform or a brokerage firm offering favorable conditions can be a big advantage. However, it’s essential to avoid falling for scams, as fraudsters often use various methods to make themselves appear more legitimate and attractive to potential clients. Let’s examine this in detail in our review of Ollyn Investment PTE LTD.

Is Ollyn Investment PTE LTD a Trusted Platform?

If you start looking for licensing and registration details, you’ll notice that the website talks a lot about the company’s legal operations and its involvement in international anti-money laundering associations (AML). Yet, there’s no mention of the regulatory body responsible for the firm’s registration or any license number in any public registry.

This is suspicious, but for the sake of investigation, let’s set our doubts aside and try to find more information. The company provides an address in Singapore, so the logical place to search is the ACRA, the government registry for companies and legal entities in Singapore.

Surprisingly, a company with this name does exist! However, it has a different address and operates in a different financial field, one that doesn’t include brokerage or investment services. Therefore, Ollyn Investment PTE LTD is a scam, using the name of another company for cover, but it has no real connection to the legitimate business.

Concerned About Withdrawal?

The website offers very little concrete information about the specific advantages of working with this company. This is typical of many fraudulent projects. There are plenty of promises about favorable trading conditions, fast transactions, and secure operations. However, there are no specific details about the analytical tools used, no screenshots of platform activity, and no demo mode available. There is also no information about spreads, swaps, leverage, or trade volumes in the public domain.

The only specific information provided is the payment methods available for depositing and, in theory, withdrawing funds. These methods include VISA, SEPA, MasterCard, and Bitcoin. However, there’s something odd about the deposit process.

On the Ollyn Investment PTE LTD trading platform, you can’t make deposits without assistance from customer support, as there is no button for topping up your account in the dashboard. Without making a deposit, it’s impossible to even start trading.

How Long Does The Broker Work?

The website’s “About Us” section claims the company was founded in 2003, more than 20 years ago. The website itself, according to the footer on every page, has been active since 2008. If this is true, it would be a major plus, as a bad broker wouldn’t last so long in the market.

However, this claim is easy to debunk. A WHOIS search of the domain reveals the actual registration date: August 2024. The fact that they’re inflating their age raises concerns: why would they do this unless they were trying to create a false sense of security and trustworthiness?

But the problems don’t end there. Attention! This review belongs to InvestExpertHub.

Other Signs of Fraud

❗Given how recently Ollyn Investment PTE LTD was created, it’s no surprise that there are no real reviews about it on the internet. There are a few clearly sponsored reviews that are overwhelmingly positive, posted on anonymous blogs. These reviews conveniently ignore the licensing issues, the suspicious company age, and the other red flags we’ve highlighted.

❗Finally, there is no transparency. Without legitimate licensing information, it’s impossible to contact the real owners of this project, let alone hold them accountable or recover any money. You can’t even be sure the provided address is real, making the chances of recovering any lost funds very slim.

Ollyn Investment PTE LTD Review Conclusions

It seems clear that Ollyn Investment PTE LTD is a fraudulent project. Investing money with them is extremely risky, as the chances of recovering your deposit are minimal.

➕Low minimum deposit.

➖No license to operate.

➖The broker uses fake information from another company.

➖Extremely short operational history.

FAQ

Brief Conditions