Olymp Trade Review

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Olymp Trade

Olymp Trade is a well-established broker since 2014. Olymp Trade has headquarters in Cyprus and Saint Vincent and Grenadines. They are generally well-suited for Olymp Trade to provide their Forex/CFD trading services to global clients.

This broker has also been regulated by The Financial Commission 22.02.2016.


Company Information

🌐 Website
olymptrade.com

Year Established
2014

🌎 Country
ChinaEuropean areaHong KongIndiaIndonesiaRussian FederationSpainThailandTurkeyUnited Arab EmiratesUnited Kingdom

💼 Regulation

Features

💰 Bonus offers

👔 Affiliate program

🕋 Islamic accounts available

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

📱 Mobile trading

Automated trading

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 Cryptocurrencies 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

Cryptocurrencies

Cryptocurrencies
1:10

Payment Methods

Bitcoin : As a payment method, Bitcoin is reliable for its low cost and quick process. Brokers have been integrating Bitcoin as one of their funding methods especially after the cryptocurrency's rise in popularity. Now, traders who have digital wallets can easily transfer their funds to and from their trading accounts.

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

Office Support

Email Support

Call Support

Chat Support

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.



FAQ About Olymp Trade

Is Olymp Trade a good broker?

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 Cryptocurrencies . As for the payment methods, you can choose between Bitcoin, Credit/debit cards, Neteller, QIWI, Skrill and WebMoney. The customer support is available via Email, Live chat, Phone and Web form.


What is the minimum deposit for Olymp Trade?

The starting capital in Olymp Trade is $2.


Is Olymp Trade regulated?

Olymp Trade is regulated by The Financial Commission 22.02.2016. 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.


Is Olymp Trade legit?

Olymp Trade is a brokerage company offering trading services for clients since 2014 with offices in Cyprus and Saint Vincent and Grenadines.


2 Reviews

Saurabh Mody
India Oct 19 2022
Account Number: (xxx)

due to trading with this broker I realized that trading activity may be interesting. you know, all the time in the past i traded only forex and sometimes invested in cryptos, however, I realized that it was boring.

I started to cooperate with Olymp Trade quite recently, but the fact that it proposes an access to several new trading modes drove me crazy right away. I was eager to learn how to trade on fixed time, and actually I managed to do it.

these days I have certain profits and I am glad that once I met this company.

Mohd Syakirin
Malaysia Oct 6 2022

This broker is not typical. If you want to trade here you need some time to get used to it. It offers a custom platform that greatly differs not only from Metatraders and other platforms. Here you are offered to trade fixed amounts. The problem would be choosing an optimal fixed amount to survive a pullback without getting into a cunning trap of wining back.