This broker has also been regulated by The Financial Commission 22.02.2016 and VFSC 40131.
Extensive Review
Olymp Trade is an online trading and investment platform based on Binary Options schemes. The company behind the platform, Inlustris Ltd., is registered at St. Vincent and the Grenadines but has yet to be regulated by the local financial regulator. Instead, Olymp Trade holds membership in the Financial Commission to provide guarantees to clients. The company claims that it is a category A broker of the international Financial Commission, and thus provides up to €20 000 indemnification amount.
Since its establishment in 2014, Olymp Trade has garnered hundreds of thousands of traders. The broker succeeds to maintain 25,000+ daily users, about $171,000,000 monthly turnover, and more than $10,000,000 payouts paid every month. The number of clients trading in Olymp Trade is up to 240,000+. The number is accounted for monthly users who are active in the live account.
Olymp Trade is one of the leading innovative Binary Options providers that revolutionizes the way BO's brokers expand worldwide and provide their platforms. Its expansion is not only limited to traders who previously knew about forex and other forms of financial trading but mainly focused on newbies looking for fast and easy profit.
Their trading platform is easy to use, highly responsive, and friendly for first-time users. It is also an all-in-one type of platform that enables users to trade, analyze price movement, managing positions, fund their accounts, and withdraw from their accounts in one interface.
For beginners, Olymp Trade presents a demo account with easy register steps; they can open the account just by connecting the platform with their Gmail or Facebook accounts. As further support, this broker supplies trading knowledge in various materials, ranging from tutorial videos to online webinars on digital options and forex.
In terms of general analytical features, Olymp Trade employs tools from an external source to display the economic calendar and trading signals. However, it should be noted that clients with registered accounts will also be provided with advanced analytical setups as well as unique strategies in the platform.
To sum up, Olymp Trade is an online trading platform providing an all-in-one functionality that goes beyond the importance of just trading and analysis. Its range of statuses gives optional trading conditions to all types of clients, from beginners to experienced traders with enough capital to start trading from $2,000. For safety purposes, it should be taken into account that Olymp Trade's main system is Binary Options trading that is regarded as more speculative than common CFDs trading. Also, the company is not regulated as a financial service provider even though it has a membership in the Financial Commission.