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Olymp Trade Review

Broker Information Security Popularity Payment Spec Instruments Score
Security E
Popularity B
Payment B
Spec E
Instrument B
E
B
B
E
B
score 48
Olymp Trade
  Regulation 10  
VFSC
  Security 38  
Established 6-10 years
  Instrument 82  
Forex
Crypto
etf
  Platform 44  
MetaTrader 4
  Payment 80  
Credit/debit card
Crypto
Neteller
WebMoney
Skrill
Qiwi
  Features 50  
Bonus
Automated trading
  Spec 58  
Scalping
Leverage more than 1:500

💲 Min Deposit $2

Year Established 2014

💼 Regulation

💡 Min Position 0.01 lot

🌐 Website olymptrade.com

🌎 Country ChinaEuropean areaHong KongIndiaIndonesiaSpainThailandTurkeyUnited Arab EmiratesUnited KingdomVanuatu

Max Leverage 1:500

💰 Bonuses

Olymp Trade is a well-established broker since 2014. Olymp Trade has headquarters in China, European area, Hong Kong, India, Indonesia, Spain, Thailand, Turkey, United Arab Emirates, United Kingdom and Vanuatu. Olymp Trade to provide their Forex/CFD trading services to over 4 million clients.

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.

Account Information

Apart from the forex demo account, this broker offers ECN. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by Olymp Trade is up to 1: 500. Meanwhile, you can open an account with a starting capital of $2.

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Min Deposit

$2

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Max Leverage

1:500

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Spread

Variable

If you want to look for a more simple explanation regarding this broker's account type(s), take a look at the following chart:



💲 Min Deposit $2

💡 Min Position 0.01 lot

🔢 Spread Variable

📉 Scalping

🤖 Expert Advisors

Trailing stop

Pending orders

1️⃣ One-click trading

Automated trading

💸 Commission

Instruments Traded

Besides lots of currency pair, Olymp Trade also offers some instruments you would like to trade on, such as Forex, Options, ETF and Crypto for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

As for ECN account, Olymp Trade specifically provides it with the following instruments and leverage:


Forex

Forex
1:500

Options

Options
1:50

Crypto

Crypto
1:10

Payment Methods

WebMoney : WebMoney is one of the major online wallet services which many people use to send money around the world. For this reason, there is a large number of forex brokers that accept WebMoney today. Like other online payment services today, WebMoney is supported by mobile applications to make transactions more efficient.

Skrill : Mostly, all forex brokers provide Skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use Skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a Skrill e-wallet account.

QIWI : Qiwi is an e-wallet or electronic payment service provider from Rusia that is introduced in 2007. The service is mainly used by individuals and businesses in Russia, Ukraine, Kazakhstan, Moldova, Belarus, Romania, the US, and the UAE.

Neteller : Like PayPal, Neteller is one of the most popular online payment services today. Due to this popularity, nearly all forex brokers accept Neteller as a payment method for their clients' fund deposit and withdrawal. Although the Neteller system is available almost all over the world, it remains particularly popular in Europe.

Olymp Trade also provides payment with Crypto and Credit/debit cards



Trading Platforms

Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.

Hereby, Olymp Trade offers you MetaTrader 4.

Customer Support

Do you have any question or find any trouble related to Olymp Trade? If you do, you should reach Olymp Trade's support to get the information that you need. Here is the detail of the broker's customer support:

Website Languages

Arabic
English
Spanish
French
Hindi
Indonesian
Japanese
Korean
Portuguese
Thai
Turkish
Vietnamese
Chinese

Office Support

Email Support

Call Support

Chat Support



FAQ About Olymp Trade

A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if Olymp Trade is a good broker for you or not by reviewing the criteria. In general, Olymp Trade provides trading service in Forex , Options , ETF and Crypto . As for the payment methods, you can choose between WebMoney, Skrill, Credit/debit cards, Neteller, QIWI and Crypto. The customer support is available via Email, Web form, Phone and Live chat.


The starting capital in Olymp Trade is $2.


Olymp Trade is regulated by The Financial Commission 22.02.2016 and VFSC 40131. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.


Olymp Trade is a brokerage company offering trading services for clients since 2014 with offices in China, European area, Hong Kong, India, Indonesia, Spain, Thailand, Turkey, United Arab Emirates, United Kingdom and Vanuatu.



Testimonials
Pakistan
Dadbin Salehi
Feb 20 2024
 
It was surprising for me to find out about the... More
Argentina
Alejandro Posada
Feb 19 2024
 
Olymp Trade may not be the perfect broker for some... More
Argentina
Longoria Segundo
Feb 19 2024
 
Indeed, the firm is a well-established one that offers a... More
Mexico
Antonella
Feb 18 2024
 
The broker has trading app. It is really client oriented... More
Indonesia
Josias S.
Feb 14 2024
 
I like many things about Olymp Trade, but the account... More
Oman
Rushdi Al-Ben
Feb 11 2024
 
Olymp Trade has my vote as the frontrunner among brokers.... More

6 Comments

Pedro Madeira

Jun 21 2023

I'm sure many traders who have not traded on a platform like this are wondering. Is it convenient to use?
I can say based on my experience that trading on this platform is even easier than on the old style platforms.

The Hao

Jul 27 2023

I have been using olymp trade for quite some time now, and I must say that it has passed my expectations as a trading platform. The user interface is intuitive, making it easy to navigate through various markets and instruments. The availability of a wide range of assets to trade, including stocks, commodities, cryptocurrencies, and forex, provides good opportunities for diversification. But I want to ask you a question about diversification. Is it a good idea to diversify positions with cfd's?

Ky Bao

Dec 18 2023

Extensive review indeed!
You have saved me hours of researching.
Thanks for the insights!

Keerati Kaewmanee

Feb 8 2024

4 million clients already!?!? Wow… I didn't know this fact but I am not surprised at all. I am from the beginning with this broker and I am glad many traders have recognized its potential.

B. C. Diljit

Feb 13 2024

Congatulations on btc eft release to a first broker - Olymp Trade, even if they not first one, come on, who cares))) best broker

Tulio Calistro

Feb 14 2024

exciting updates from Olymptrade, no affiliate link, just inform you bros

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