Retail brokerage Olymptrade has claimed to have more than 127m users in a new post on X.
The broker, which has a license in Vanuatu and another entity in St Vincent and the Grenadines, also stated that more than 506m trades had been made on its platform this year.
It comes after TradeInformer reported in September that Olymptrade, which appears to operate out of Cyprus, made $180m in revenue in 2024.
At that time the broker was running around 1,000 ads on Google’s platforms globally.
According to its latest update on X, the top assets on the platform this year are Asia Composite Index, Europe Composite Index and Crypto Composite Index.
According to its website Olymptrade was founded in 2014. It was initially established in St Petersburg and works almost exclusively in emerging markets.Web traffic data from SimilarWeb suggests the firm has been targeting the South Asia and Latin American markets.
It has also been advertising in Egypt and other Arabic-speaking countries.
