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Olymp Trade Review – Is it SCAM or LEGIT broker?
- Great customizable platform
- Low minimal deposit
- Beginner friendly
- Free demo account
OlympTrade platform is a popular online trading platform, and has been serving customers since 2020. But what makes Olymp platform a reliable choice for many investors out there? There are a number of reasons why Olymp Trade is the choice platform of many informed and experienced investors out there.
- Security and reliability of the platform. As a leading investing platform online, Olymp Trade is considered an A-recognized member of international Financial Commission, an organization that secures the interests of investors. Since the trading platform is a member of this organization, unlawful acts are covered up to $20,000, which is sourced from the Compensation Fund.
- Minimum amount required to start investments. The minimum amount to deposit to start trading on this platform is $10. This means that almost anyone can join the platform and become a trader.
- Easy access to training and educational materials. The training and helpful resources are open to all members of this trading platform.
These are just the reasons why it’s this platform is popular among many investors, beginners included. I think that OlympTrade works the same way as IQ Option – profesional, reliable and real trading. If you are still interested as to why this platform is highly recommended, then we suggest that you read this OlympTrade review.
OlympTrade’s professional trading platform
Compared to other investing platforms out in the market (such as Binomo‘s), the Olymp Trade is a customized platform that was designed by experienced programmers, traders and financial analysts. The team also continually improves on its services, so customers can count on a platform that is working 24/7. The ability to customize is actually one of the best selling points of this platform. For example:
- You can choose how the charts are shown, for example it can be displayed as a line chart, candlesticks or using Heiken Ashi
- Vary the colors of the chart
This is what you will see right after logging for the first time – Demo account ready to go!
Aside from the visual effects of the charts, the technical settings can be configured as well:
- Change the time frame from 25 seconds to 1 month when using the area chart, and change from 15 seconds to 60 minutes when using the Heiken Ashi or Japanese candlesticks
- Use oscillators and indicators for accurate reading of the charts
Special Features of Olymp Trade
Olymp Trade is considered a trading system that makes use of an online trading platform. The features and functionality offered respond to the needs of the customers, and most of these features will generally appeal to investors who are just starting out. Compared to other popular platforms in the market, Olymp Trade provides free registration, and all new members and investors are given 10,000 credits. The free credits can be used by the new member to try out the system and investing platform. Through the use of the demo account, customers can explore their trading skills and try out a few more strategies before trading for real money. The only thing an investor may notice is the absence of incentives. Instead of the usual perks, Olymp Trade provides low investments and starting trade.
OlympTrade Offers a Demo Account
It should be kept in mind that the platform also provides customers with a free demo, with 10,000 virtual dollars and this is given to the customer as soon as the account has been made. The free demo capability of this platform is welcome news for the beginners since they can try out a few trades. Also, there is no time limit to consider when using the free demo. Investors and customers of this platform can practice all they want without having the need to risk the money.
Trading Terms Customers Should Know
- Minimum deposit amount: $ 10. Deposit $ 2000+ to upgrade to a VIP Account.
- Minimum amount required to trade: $1.
- Maximum amount to trade: $ 2,000 for standard account holders and $ 5,000 for VIP traders
- Successful trade payout: 82 % for standard investors, 90 % for VIP-account holders
- Minimum allowable withdrawal: $ 10
- Withdrawal times: Takes 24 hours for standard account holders to a maximum of 3 days, and a few hours for VIP investors
- No withdrawal fees
|Broker||Bonus||Min Deposit||Payout||Review||Open Account|
|FREE DEMO ACCOUNT||$ 10||82 % for Standard, 90 % for VIP accounts*||Review||Trade Now!|
At Olymp Trade, investors and customers can count on friendly terms which can be helpful in making the trades. When using the service, investors can count on minimum investments and faster withdrawals.
Banking and Withdrawal Options
Olymp Trade provides its customers with a number of options when it comes to deposits and withdrawals. When it comes to deposits, investors can choose from the following list of payment processors:
- E-wallets like Web Money, Neteller, Skrill, Bitcoin, Qiwi and Yandex Money
- Use of Visa and MasterCard
- Boleto, for customers based in Brazil
Withdrawals can be made from these payment processors as well.
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Here’s a note when using the banking option of this platform: you can make a withdrawal from the platform where you have completed the deposit. The maximum waiting time for a withdrawal request is 3 days, but the platform strives to complete the withdrawal in the fastest possible time. If you are a standard account holder of this platform, then the average waiting time is 1 day. But if you are a VIP member of this platform, then the average waiting time is just a few hours.
OlympTrade In India and Pakistan
This broker is really popular in these countries last year and we are getting more and more questions from Indian and Pakistan traders. So If you are from India or Pakistan and you are wondering if it’s possible for you to register with this broker, respond is – yes, you can trade with this broker! OlympTrade accepts Indian and Pakistan traders.
And what more – this type of trading (options trading) are still attracting more and more people from these countries and it became a way, how they make money for a living.
As it is written above, you have many possible ways, how you can withdraw/deposit to this broker (visa, MasterCard, Astro pay, Neteller, Skrill, Qiwi, Yandex money, web money, etc…). So you don’t need to worry about this – there is always a way, how to deposit and withdraw your money from the broker.
OlympTrade in Nigeria
We are also getting a lot of questions from Nigeria and it’s kinda similar to the questions we are getting from the Indian and Pakistan traders. So – If you are from Nigeria (or another African country) you can trade with OlympTrade – it’s allowed.
Deposit and withdraw methods are same as for any other country. For possibilities – check above.
How to verify your account?
If you are from Nigeria, India, Pakistan, UK, whatever, the process of verification is the same for everybody on this planet. We are getting more and more questions about “how to verify my account”, “what documents do they want” etc… Please read this below carefully and keep in mind, that the process of verification is still the same and same for everybody, so you don’t need to worry about anything! Let’s go.
So to complete the verification (to withdraw your money) you need to send these documents:
- A photo where you hold your passport/ID card in expanded form and where they can see your face and the details in the passport/ID. It’s like a selfie with an appropriate document – nothing more. Note that the photo must be from your shoulders up and it must be easily seen (no blurry). Like on the image below.
- Then you need to send them also the photo/scan of the appropriate document that you want to use – ID or passport.
- If you used for the deposit a credit card, you also need to send photo/scan of the card from which the payment was made. On the card, the first 6 and last 4 digits, name and surname must be seeable. The validity of the card and the rest of digits can’t be seeable (cover it). The reverse side of the card doesn’t need to be present (they don’t need it).
- If you used for the deposit an electronic wallets – A photo/screenshot of the personal electronic purse (Skrill for example) need to be also sent (screen the detail of your account). The information you need to provide is – the picture of number, owner’s name, and the second photo/screenshot must be of that right money transfer (that one your transferred money to OlympTrade).
Where to send the documents?
Upon receipt of the verification request, all the necessary documents must be sent to the e-mail – [email protected] together with the login (the login is the email address) you put during registration.
How long does verification take? Processing of the documents takes up to five business days. And the result of the document verification you will find on your email because you will receive an email with notification about the result.
That’s it – If you need to help with the verification, let us know and we will try to help you.
Types of Accounts Available on Olymp Trade
- Demo Account. This account is provided for free, and each account will be assigned 10,000 virtual units. Interested individuals can simply sign up for an account on the website.
- Standard Account. A minimum of $ 10 or its currency equivalent is required to enjoy this account. Under this account, investors can trade at a minimum of $1, and a maximum trade worth $2,000. The maximum possible profit that one can get is 80-percent of the investment made. When it comes to the withdrawal of funds, the minimum amount that can be withdrawn is $10 with no set limit for the withdrawal. Withdrawals can take an average of 1 day, with a maximum waiting time of 3 days.
- VIP Account. To take advantage of this account, interested investors must deposit $2,000/or its currency equivalent. For this account, the minimum deposit required here is $2,000, and when it comes to trading, the minimum is set at $ 1 and the maximum is set at $ 5,000. Aside from faster withdrawals, VIP members can count on a number of perks. If you sign up for this account, you get the assistance of a VIP consultant and you are given access to leading financial analysts and other trading tools.
|USA Allowed No
Payout: 82 % for Standard, 90 % for VIP accounts*
Demo Account: Yes
Min Deposit: $ 10
|FREE DEMO ACCOUNT||Trade Now! Read Review|
Helpful Trading Tools
On top of the standard tools that are offered by the website, Olymp Trade also offers other friendly tools that can promote a satisfying trading experience:
- Support for cryptocurrency. This platform is known for its proprietary Cryptoindex, and this is complemented by Bitcoin, Ethereum, and Litecoin. You can trade these assets anytime, and are known to provide better return of investments.
- Trade cancellation. If the trade is not going your way, this platform gives you the chance to order a cancel trade. If this option is exercised, customers can get up to 60-percent of his investment.
- Pending trade tool. This is a result to sell or buy a particular option within a set time, or when an asset has reached a targeted price.
Education and Training Within your Reach
If you sign up for an account with Olymp Trade, you are given the chance to access free resources that can be helpful in your growth as a trader. All members of this platform can use:
- Interactive course
- Webinars and video tutorials
- Recommended strategies by top financial analysts
Our Educational Materials
If you don’t want to be dependent on your broker, you can simply go through our wide range of educational materials we prepare and offer on xBinOp.com. Click a button below to see more!
OlympTrade on Social Media
Olymp Trade is one of the popular investing platforms that makes use of the social media. Social media platforms like Facebook and YouTube are used to the company’s advantage, and these platforms are used to distribute learning materials and resources to its members.
Traders and interested students of investing can watch live stream on Facebook, or join webinars that are hosted on YouTube. With the use of the platform and the availability of massive educational resources, we can say that the Olymp Trade is a helpful platform for all types of investors. Today, the website is considered home by more than 6.5 million users, and more than 20,000 traders are active on a daily basis.
- Great customizable platform
- Low minimal deposit
- Beginner friendly
- Fast withdrawal times
OlympTrade – Review author
More about the author Step
I’ve wanted to build a business of some kind and earn money since I was in middle school. I wasn’t very successful though until my senior year in highschool, when I finally started to think about doing online business. Nowadays I profitably trade binary options full-time and thus gladly share my experiences with you. More posts by this author
|✅ Website URL||www.olymptrade.com|
|✅ Trading Platform||Custom made platform|
|✅ Minimum 1st Deposit||$ 10|
|✅ Minimum Trade Amount||$ 1|
|✅ Maximum Trade Amount||$ 5000|
|✅ Bonus||FREE DEMO ACCOUNT|
|✅ Payout||82 % for Standard, 90 % for VIP accounts*|
|✅ Free Demo Account|
|✅ Regulation||Regulated by FinaCom|
|✅ Account Types||Standard (10-2000 USD Deposited), VIP (2000+ USD Deposited)|
|✅ Account Currency||USD, EUR, BRL|
|✅ US Traders Allowed|
|✅ Mobile Trading|
|✅ Tablet Trading|
|✅ Overall Score||4.9 / 5|
157 Responses to “Olymp Trade Review – Is it SCAM or LEGIT broker?”
That is a surprisingly low threshold for getting VIP account at Olymp. I’ve learnt that VIP customers get better payout rates at Olymp, not only personal assistant. 92% or 82% seem to make not that big difference, but in fact it is a huge difference that these 10% make. Unfortunately I don’t have that much spare money yet. My plan is to turn my $500 into $2000 and become a VIP client this way
Hi there. Its been apx 2 months now im trading with Olymp. I have no problem with Olymp so far. They have paid me for all the withdrawals so far on time. I had made apx 3000% profit within this period and all things are well. But the only problem i have with Olymp is the Trading limits. Whenever i try to execute trades with higher amounts, the account automatically get restricted. Then i wont be able to trade for cpl of days. When i tried to contact the Customer Care, they are asking me to trade with 1$-5$. But i want to give orders in 3 digits, and not one digit. Can some one help me to understand how to overcome this issue.
Can i conform that it will continusoly trade the account from different commedities ? and withdrawal amount should be initiating late to bank/card?
Hello am from Nigeria if I start trading with 10 dollars how much am I going to make as profit
Hi, this is Brayden (name changed). I have been trading with Olymp Trade for the past 41 days. My total investment is 73$. The best part is that I had already made my first withdrawal of 110$ and it got credited in my bank without any issues. So the best thing is that my capital is secured. Now I have $400+ in my account. I have ordered for a withdrawal of 150$, and its been 3 days now with a response from them that they are investigating my account to check if I have violated the law or not. Let them investigate if that is part of their process. I have no major complaints with Olymp so far. Some inconveniences are there everywhere. Even though I have secured my capital, I’m looking forward to make some profit and withdraw them. I’m currently working as a full-time trader. So ill be happy if things go well. My advice is that just study and understand the market and go ahead. Do not gamble. Demo trade first, and then invest a small amount and trade and learn with live money. Im in the forex industry for 12years. I’ll post a detailed review after 3 months of my usage with Olymp.
I come from Tanzania, I want to invest but I have no passport card
Don’t do it…..
Short answers for this question are not enough…
Let me give you brief about the realtime experience with olymp trade…-yes it may provide you some amount as winning amount in beginning…
But then after 3 4 wins and few losse ..
You cm to realise that… its actually a big hoax…you are fooled in the name of trading… you are simply playing bets for the trade going up or down….again , the app does every possible thing to catch you at your most vulnerable points of mobile usage like… screen lock, network loss, application switching and all other similar aspects… if you are in the middle of a trade and unfortunately your screen gets loked or so… when you switch on your screen, all your trades will be lost… this happened every single time when i had to lock my screen while trading.. infact i used to trade multiple bets in single go.. they all vanished without the trade being complited…
The same happens when you relode the app after app switching and network loss situation.
Also the app reads your psychology and trade behaviour and starts snatching money with altered algorithmic strategies.. at the end of the day… you will have nothing in your pocket…
In short.. beware..
They are big Cheaters…
Hello, do you have some bad personal experience or why you are saying this? Let us know. Thank you.
Olymp Trade works since 2020 and offers services in various markets. Personally, I have been working with them for 2 years and so far have not noticed any deception. I don’t know where you got it from, but it seems to me that either from slander on the Internet or from negative experience. If this is simply based on others thoughts, then this is bad, because you are simply misleading people. If you have a negative experience, then share trade does not offer guaranteed earnings or golden mountains to everyone, they offer a high-quality terminal and a set of tools for traders, as well as training for beginners. I am very sorry that often people perceive trading as a place where anyone can get rich, this is not so. But the brokers themselves are largely to blame, who in the 90s and 00s positioned trade as an opportunity to become rich. And many come to trade without learning, and then lose and blame respectable companies like Olymp trade. Just in order not to lose money, you need to study hard for a long time and not wait for millions on the first place.
Where to study and how to study olymp trade
Olymp Trade is a new dawn in the market of Fixed Time Trades. They have created a company that meets the highest requirements of our clients.
|Headquarters||James Street, Kingstown, First Floor, First St Vincent Bank Ltd Building, Saint Vincent and the Grenadines.|
|Support Number||357 25030996|
|Support Types||Chat, telephone, knowledge base, forum, contact form, e-mail|
|Languages||Russian, English, Portuguese, Spanish, Thai, Indonesian, Turkish|
|Trading Platform||Own development|
|Minimum 1st Deposit||$10|
|Minimum Trade Amount||1$/1€|
|Maximum Trade Amount||2000$/2000€ (for VIP 5000$)|
|Bonus||Up to 100% deposit|
|Payout||Up to 90%|
|Free Demo Account||Open Demo|
|Account Types||Demo, Olymp Trade Fixed Time Trades, Olymp Trade FOREX|
|Deposit Methods||Credit cards, debit cards, Qiwi, Skrill, Neteller, Yandex Money, Webmoney, Payments, FasaPay, etc.|
|Withdrawal Methods||Credit cards, debit cards, Qiwi, Skrill, Neteller, Yandex Money, Webmoney, Payments, FasaPay, etc.|
|Number of Assets||65+|
|Expiry Times||60 sec. – 3 hours|
|Types of Assets||Currency, Stocks, Indices, Commodities, unique asset Random, Cryptocurrency (Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Bitcoin Gold, Ripple, Monero, Dash, Zcash, Ethereum Classic)|
|US Traders Allowed|
- 28 indicators are implemented to the platform
- Download the iOS mobile app
- Download the Android mobile app
Terms of trade with Olymp Trade
Olymp Trade has a license with FinaCom PLC. Broker provides a free demo account to everyone. You only need to register, and then you will get full access to the trading platform, with a balance of 10 000 virtual dollars. After demo practice, you will already be able to work confidently with a real deposit. The minimum deposit is 10 dollars. The minimal bet for Fixed Time Trades trading starts from 1 dollar. This is a great opportunity for beginners who want to learn about how to earn on the Fixed Time Trades.
For traders’ comfort, apart from online chat, where you can ask current questions to the support, there is a single phone number for quick connection to the managers. The company gives special consideration to the contact with a user.
The registered address of the company is: James Street, Kingstown, First Floor, First St Vincent Bank Ltd Building, Saint Vincent and the Grenadines.
Olymp trade (the real feedback from traders read below) actively operates in the market since 2020, considered to be one of the young, but promising resources among the competitors. It provides the services specifically for the broad audience, so all the materials are on a trader’s native language, so is the managers’ support. It eases the cooperation with Olymp support service (the real feedback from traders read below). The company takes it crucial to provide its user with available trading, so for the access to the market you will need just 10$ and you can not only try your intuition, but increase your capital by times. The chance to start getting the high earnings easily is what attracts traders to OlympTrade (find below the official website and references of real traders).
It’s very easy to open an account in OlympTrade. For this, you shall leave your data on the home page of the investment platform. Unlike other similar platforms, OlympTrade lets its customers check out the live trading with a demo-account. After the registration you get a demo-profile with a virtual account of $10000 (if you got for a dollar account). The demo-profile has a chart, which isn’t different from a real one, there are no limitations in platform operation and opening transactions.
OlympTrade Fixed Time Trades are not just an investment to some assets, the market may become for you the main primary source of revenue, bring you fair amount of money and totally change your life. For trading really to become more than just a fling for you, you shall build the work with it from the ground up, study Fixed Time Trades. Olymp Trade will be your real assistant here. There are quality reviews of indicators available on its official website, trading strategies, a wide range of webinars.
The Fixed Time Trades will be a simple and available Fixed Time Trades for your investments along with the trading platform (find the references about OlympTrade under the review). Needless to say don’t forget the specialized literature, complete professional trading trainings, which may be both, free and commercial. The company also constantly runs tournaments, free and commercial, VIP-tournaments, which let yout earn real cash and withdraw it (read the feedback about OlympTrade Fixed Time Trades after the platform review).
OlympTrade is happy to offer to its stock jobbers the whole range of Fixed Time Trades for the full-pledged trading. This company is one of the most effective trading platforms among the other similar ones offering investments to Fixed Time Trades in the market, but it has what it takes to make the work comfortable and highly-remunerative. The references about OlympTrade prove that we deal with an absolute leader of trading, which cares for providing its customers with all the services they need. Interestingly, the trading platform of OlympTrade (study the feedback about OlympTrade below) is an original development of a professional team and was positively pointed by the customers of this young promising company.
Here are all trading aspects considered, nothing extra, but essential services, which let you trade with OlympTrade quickly and easy. The developers created a smoothly running trading platform operating with no faults, where the further necessary Fixed Time Trades can be added easily depends on the customers’ needs. There are the quotations of the major investment banks used in the OlympTrade terminal, this allows to display here the average weighted value. With Olymp Trade account 2 types of transactions with Fixed Time Trades may be completed: for duration (1 minute to several hours) and for expiration time (at least 1 minute). Also the account Olymp Trade Forex is available, with it the purchase (up) and sell (down) transactions by current price with no limit for duration may be completed. At that here is no spread (or the difference between purchase and sell priced), but commission by transaction completion and for the position transfer on the next day.
The functional platforms will surprise you by simple operating principle, its interface is convenient, aspects clear to users with no trading experience and nice design developed for you to set your mind on trading with OlympTrade. The references in Internet about it are different but mostly positive, among the advantages the users point the terminal, rapid transactions, professional managers of the support. All this proves its commitment to the service. Traders choose OlympTrade – a young but ambitious company.
The trading terminal of OlympTrade can widely regarded as one of the most convenient and sophisticated solutions among those of other competitors. The platform contains hacks on the main services, along with a personal account available for a trader, current market situation information, reviews of indicators and strategies, articles of experts. Among the main advantages please note the available trading, quality customer support, a wide range of training materials, proprietary technologies of trading with OlympTrade, platform, designed specifically for players of any level of competence. It’s safe to say that trading with OlympTrade is a pleasure.
Olymp Trade broker quotations
The question about the broker quotations is one of the most popular ones by traders of any platform as they effect the trading efficiency, possibility of using various strategies here (for example scalping, where the decision shall be taken instantly and even the minimal asset price alterations will effect the job outcomes). The OlympTrade broker declares, that using quotations of big investment companies it publishes in the terminal their average-weighted value. So this information will certainly differ from MT4 data, but it’s displayed directly on the platform, asset values are equal for all traders and remain under the tab «Quotations».
OlympTrade terminal is one of the perfect and most functional products in the market. Starting your work with it’s a point to keep in mind the importance of quality Internet connection with the platform to stay connected with the broker servers and timely website information updates, including quotations. Otherwise you may be in red.
OlympTrade demo account
Another convenient Fixed Time Trades of the company is a chance to try in use a demo account, provided free and termless. Switched to a real account you will always be able to get back to demo trading in order to try a new strategy, trace the behavior of indicators. Training trade cannot be overstated, it lets you easily check out the operation principles of the real market, make your first transactions and become a more confident trader. The free demo account makes dealing with OlympTrade more gainful, the feedback of customers in Internet about the benefit of the training tradind is continuous, so you’d better not regard it casually, this is an instrument preparing you to your future trading wins.
The online platform of OlympTrade provides with a free demo-account anybody who wants to. All you need is to sign up and get the full access to the trading platform with the balance of 10,000 virtual dollars after. After demo training you will be able to work with the real deposit masterfully. The minimal deposit is equal to 10$ (10 euro). The stake in Fixed Time Trades of OlympTrade starts from 1 dollar and euro as applicable. This is a perfect chance for novice traders longing to cash in on Fixed Time Trades. The demo account is a great virtue for novice traders. Unlike in other companies, you can manage the demo account along with the main one and switch with a special link Fixed Time Trades.
OlympTrade account manager for VIP
The broker offers the entire system of benefits for traders with VIP-accounts. With such a status trading becomes more effective and profitable.
- Personal counseling of a VIP-analyst;
- Excess return from transactions from 82% to 90% on currency pairs (6 assets with high percentage warranted: 2 by 84%, 2 by 87%, 2 by 90%);
- Shares with the maximal profit percentage by two assets 92%;
- Risk free transactions;
- Exclusive VIP-webinars.
For a trader with no trading experience in financial markets a VIP-account may be a sensible approach! All you need to become a VIP-trader is to refill the balance for the sum from 2000 USD/2000 euro.
One additional point merits mention is OlympTrade account manager support for VIPs. Such a manager will be a true friend for a customer since he will help him to get answers on any questions, advice a strategy for executing transactions, money management optimization. One can say his duty is entirely follow the user’s trading making his work effective.
OlympTrade mobile applications
Please note also OlympTrade mobile applications (iOS/Android) making the comfortable Fixed Time Trades trading possible at any time worldwide. It does not matter now where you are, the application will be always with you on your smartphone. The terminal contains all the Fixed Time Trades we need to execute comfortable and functional trading on your phone.
To set up a mobile platform to your device you need just to find a button with an operational system of your smart phone and press it to download the terminal.
Olymp Trade bonuses
The bonuses at OlympTrade are a great addition to the overall picture. The bonuses may be used for trading and the profit from them may be withdrawn without any problem. You don’t have to work the bonus means out, this is very convenient for the company customers. Most Fixed Time Trades brokers, by contrast, offer bonuses with trading turnover of 50 times or more, which is not realistic for beginners with a small deposit and a lack of experience and working strategies.
OlympTrade developed a hefty base of training materials available under the tab «Training». Here are references, strategies, reviews of indicators, webinars with merely practical advices from the market professionals. More than 90 thousand new users have been given a free course. The platform for trading in financial markets also offers a variety of bonus programs.
Deposits and withdrawal
Commission-free proposed withdrawal: the company itself pays all fees for withdrawal. Opening an account with Olymp Trade is easy and only takes a few minutes. The withdrawal is always to be transferred to the banking details the trader used to refill in his deposit (for the purpose of his data security). The availability or lack of the completed verification procedure doesn’t effect the withdrawal, so you can take your money off the deposit even with no account verified. However, the trader can be verified on his own initiative or being asked by the company experts.
For the future withdrawal of funds on the same card or electronic payment system that was used for making account deposits, a verification of the personal account is required. The Olymp Trade broker works with major payment systems such as Credit cards, debit cards, Qiwi, Skrill, Neteller, Yandex Money, Webmoney, Payments, FasaPay, etc. Note that they greatly simplified the procedure for withdrawal in comparison with other brokers.
Rapid and smooth transactions are one of the main indicators of the reliability and decency of investment platforms. OlympTrade (read below the feedback about withdrawal) being a solid company does its best for the capital transfer to be as soon as possible. In order to withdraw the funds a trader shall sing in his personal account, leave a quick request under the tab «withdraw». You can find many comments on OlympTrade in Internet: if they withdraw the money, how quick does it happen, what issues come up by withdrawal. After a close look to the comments of the company customers we answer positively: the company organized its withdrawal process well enough, the users say that the funds hit the account quick and with no problem.
How quick the transactions are executed by OlympTrade? The comments on the withdrawal clear more often than not, that the transactions happen within 24 hours, but may be longer – up to five banking days. And yet the company declares on its resource that it does its best for the profit withdrawal process to be quicker. Please note that OlympTrade (see the comments on withdrawal below) is one of the major companies in the market focused on the long lasting relationship with traders and doing everything for trading to be not merely comfortable but also gainful.
Complaints against OlympTrade
Searching for complaints in the depths of the Internet, we found a few negative reviews, but they were insignificant in terms of the problems encountered by users of the broker.
If we find complaints about Olymptrade, we will post it on social media. Follow us to be well informed:
Olymp Trade broker regulator
This regulated broker provides a high level of service and protection to clients. Olymp Trade the broker is regulated by FinaCom PLC., has a certificate of A category, this makes dealing with the company safe and secure for traders. The trading platform secures for its customers the insurance coverage of $20 000 for each transaction in case of dispute resolution between the trader and the developer in the former’s favor. Besides, Olymp Trade passed the certification for transactions completion quality under the procedure approved by independent service Verify My Trade, you can also read about on the website FinaCom.
However traders are often confused by the fact of the company registration in offshore zone, they conclude that it doesn’t let them deal with the legal issues seeking equitable relief in questionable matters. Broker’s managers so reply on these complaints: the company registration shouldn’t confuse the customers as it’s focused more on the convenient interaction with traders from different countries as the platform is international. As for the legal issues resolution, here the operator’s activity entirely goes along with the regulator – international Financial Commission. This financial body deals with the matters of traders quickly securing the protection of their transactions.
OlympTrade user agreement
Starting cooperation with any broker you shall study the «User agreement», with the description of the rules of the system operation, obligations and rights of a trader and an operator. The paragraphs of this document are often absolutely not profitable for a customer and complicate his collaboration with the broker. However, even if you didn’t study it, starting trading on the platform you agree with its paragraphs automatically. As for OlympTrade, here are such «seamy sides», too, which will fairly cause you a series of questions.
For instance, in the paragraph «Proper law» there is a clause about the complaints of the customer left against the broker to be considered in the court of the country where the broker was registered, and these are Seychelles, which is extremely inconvenient for users, especially those not speaking the foreign language. Apart from this, the above mentioned paragraph no protest may be filed, as in the next clause the customers agrees, that he will not put in claims the legal arguments venue, despite of him feeling not comfortable about.
Or another document clause, in which it is said that the company doesn’t bear the responsibility for the technical failures and breaks in the trading terminal operation caused by hacker attacks etc. Which means a customer, who run up losses through no fault of his, is left alone with this problem. Same relates to losses caused by use of the broker’s analytical materials.
There was another condition proving that the company can change he trading conditions at will: cut off assets, decrease payout percentage etc. If this clause was inserted to «pull the plug on» effective traders doesn’t matter now. When a scandal flushed around it and customers started to increasingly say on forums that OlympTrade is a confidence game and a scam, it was altered.
Is OlympTrade a scam?
One of the actual questions on the numerous forums in Internet is, if OlympTrade is a fraud and a scam or a really reliable platform delivering on its obligations before users and granting a chance to make profit? There is a lot of scam sites in Internet, we get complaints of traders on such companies on the regular basis, they use various ways to beguile traders: managers stop being in touch right after the real money transfer, withdrawal issues come up.
So the traders want to be sure that OlympTrade is not a scam artist, but a reliable company providing the whole trading service package to its customer. After a close look at many market fraudsters, we can assure you that OlympTrade is not a fakery, but a reliable trading platform with the regulation and image. It doesn’t go missing, its support managers are happy to answer all your questions, the company’s website operates smoothly, with no widespread negative and problems.
Youtube bloggers about OlympTrade
OlympTrade became popular in the world largely due to the exit of a major broker IQ Option from the markets of some countries. This platform run too active advertizing campaigns, including those on Youtube. After this broker exited from the market the majority of its customers had to switch to OlympTrading platform. «Would-be advertisers» promoting IQ Option capacities in Internet needed a new broker to get a stable income. So they switched their attention to OlympTrade, and the advert with it started to widely appear in Internet.
Especially many adverts about broker appeared on Youtube. Extremely popular the video clips of «Trader-rapper», «Trader from Rublyovka» and even of a girl in a lingerie, hot upon a topic of OlympTrade she fabulously gains with. Such «professionals» advised to the market players «safe strategies», unique techniques allegedly securing incredible incomes from investments. Interestingly, that traders trusted them. But you’d better be careful using the anecdotal evidence, as there may be an inexperienced trader or even a teenager addressing to you from the other side of the screen, constituting himself a true «clever fellow» and being just a flimflammer instead. More often than not the strategies presented by «youtube trading gooroos» won’t bring you money and even may cause the capital lose.
There are many negative references about the broker appearing recently in the internet, so everyone wonders what is OlympTrade – a scam or a company to trust? Users complaint it to offer the incorrect quotations in the terminal, doesn’t let your money to be withdrawn etc. Using «safe trading techniques» offered in the latest youtube video clip, traders lose their money. What remains to be done? Just leave the negative feedback about OlympTradde, that it’s the broker leaked their deposit, that it’s the platform cheating them and so on.
Investment online platform OlympTrade is quite different from a typical representative of the financial industry, but this is an advantage. Olymp Trade offers its users over 65 Fixed Time Trades to work with, the trading on its platform is pretty much gainf. This international platform for online trading is fairly profitable.
Trading will be much better and more effective if all possibilities for the professional conduct of trading are met. An easy interactive form of learning, a minimum deposit of only 10 dollars, an independently developed trading platform, excellent customer support, the ability to trade 24/5 (cryptocurrency trading on weekend), and fast withdrawals without any problems make the Olymp Trade a very good candidate for the title of one of the best brokers in the world.
Due to the relatively large choice of timeframes, you can conduct both fundamental and technical analyses. You can use a variety of techniques and strategies to trade on the news and market volatility through short Fixed Time Trades. Also, you can use the analytical section on the site to explore price movement, using various indicators of the analysis. In general, the OlympTrade broker has created a good foundation for a comfortable first acquaintance with the world of trading for beginners; based on the level of quality of all aspects of the company, we feel that trading platform has the potential to develop into one of the leading brokers in the market.
IT-product Olymptrade.com is controlled by the company:
- James Street, Kingstown, First Floor, First St Vincent Bank Ltd Building, Saint Vincent and the Grenadines.
- The company Wallfort Limited works as an agent; registration number HE364695, address: KPMG Center, 1-st floor, 1 Agias Fylaxeos Street, 3025 Limassol, Cyprus.
For me, a huge advantage of options has always been a low entry barrier and it’s quite low in this company, just $ 10. The remaining advantages can include an extensive range of options, rather quick withdrawal, and of the ability to replenish and withdraw money through the most popular electronic payment systems.
Agree, low entry barrier and simplicity of deposit making are very important, especially for the newcomers. I had some experience when I came to trade with Olymp Trade, that is why I started with 500 dollars, making a deposit with the card in order to withdraw later also to the card. Anyway, the money is accepted almost immediately when depositing and you can start trading right away. Personally for me the main advantage of Olymp Trade this is great consistent work of the platform. The result depends on it – when my system makes a clear signal, I can be sure, that eventually, I will make a profit, and not lose it because of the slippages and other surprises sometimes made by not very good brokers.
i think and i’ve the strongest feeling that olymp trade trading platform is rigged and manipulated to cause you to lose your trades. i’ve been trading on its platform since feb and i’ve lost 3 big trades due to its buffering/frozen platform, “restart now” instructions and not to mention confirmation of trading pop-up during critical stage of my trading. as a result, i lost big; $2,000+ the 1st time, $600+ the 2nd time, and yesterday, another $1,200+. the 1st time, i was about to enter my 8th trade to win the trade, the platform buffered and showed the little circles swirling for about 10-15 seconds. by the time, the buffering stopped, it was too late to enter the 8th trade, and i lost the series of trade amounting $2,000+. the 2nd time, i was on my 7th trade, and the screen asked me to “restart now”. i pushed the “restart now” icon once then, it appeared again. i pressed it again but by the time i had my trading platform back, it was too late to enter the 7th trade, and i lost $600+. the 3rd time yesterday evening, i was onto my 5th trade, the confirmation to trade pop-up appeared twice, when it wasn’t supposed to be because i’m a vip member and have chosen a one-click trading option. when i clicked the pop-up trading confirmation, it was too late and the trades were lost. each time it happened, i’ve complained to olymp trade. no answers or explanations given. i’ve asked for a refund on all these trading losses. they’re yet to reply me. all i got was auto-emails saying “thank you for your complain or request and we’ll answer you in 4 hours” and “your request is being looked into by our technical department”. so, what’s my recourse? how or where can i take this further?
Please send us an email to [email protected] . We will look into your case and try to solve this issue. You can also get in touch with our support team via online chat which is available on our website.
I recommend that you measure the ping from you to the broker’s server, if the ping is high that means you have slow internet and the reason is just this. Another reason the Internet can slow down is because of the firewall, or the antivirus is slowing down the process. Add the browser to the antivirus exception, the browser through which you trade, and add the firewall to the exception of the broker. Once I had an instance when windows itself was lagging, when I reinstalled it, it turned out that half of the RAM memory was lost due to a breakdown. In any case, during trading check the loading of the RAM and the processor. The PC should also be checked for viruses. In actuality, there can be many different reasons why the terminal can be slowed down. Last but not least it could be the broker’s problems. In any case – write to support, let them check out what’s lagging and what’s the reason.
Strange, I’ve never had any troubles with the platform – not once for almost 2 years. It works just perfect, no delays or any other issues… Are you sure your PC and Internet cinnection are OK?
Of course, ideally, the orders should be executed in a matter of moments, and the platform should be constantly available, but things happen. So far it’s all fine, but I realize there might be times when I would unclonsciously close a deal in the red. That’s what money management is for. In fact, I’d never try to open a deal for $1000-2000 without a deposit of at least $100 000. If you’ve got such a deposit, then my apologies, you’ve done everything right. But then these several orders are nothing but an error to you, they shouldn’t affect the overall result, as I believe.
I’ve never related to brokers as to something serious, but because forex got dull I decided to try out this one. First I had two weeks of demo and a short training course, then switched to a real account. The real didn’t go so smoothly, must have been the psychology that got in the way and I started making mistakes, but I gathered myself together and was able to make my first 10 bucks, must have been the training, that I got here had started showing its result. At first I couldn’t find my asset, since there are so many of them here, everything from stocks to regular currencies, many have high profitability. I finally chose euro and pound, they’re afterall the most volatile and are great for trading on short TF. In a nutshell, I got pulled into these binaries, I don’t trade on forex now hardly ever, spend all my time on BO. For me personally it’s easier to make $100 here than it is on forex.
I’ve been trading with this broker for over a year, since then I’ve withdrawn more money than I’ve deposited on it’s account. Have contacted support only to ask some questions. I have no complaints about the broker.
The worst thing that olymptrade does not want their traders to win is the return reduction when an asset is overbought or oversold and the doji appears the asset’s return decreases from 80% to 10% which is the act of scam so be careful and don’t trade with them until they did not fix that
yes so true . they manipulate candels
The company first blocked my account saying that I had use the platform with Hidden ip address by using an anonymize software, which is not true, I gave all verification documents they requested and then once provide, they would ask more silly things…The only reason the blocked is because after months I had a profitable account, and then once I proved them that there was not faults and the ip were real they told they I trade from different countries and therefor that was not allowed. keep in mind there is not such thing in the general rules
They did same with me
I started trading with the broker recently, first tested it on a demo account, when I saw that it’s all satisfying – I switched to testing the broker on a real account. A few more weeks of testing with a smaller sum, if all is well, and I’m sure it will be, then I intend to open a vip account here.
Everything is ok with the platform, I’ve been trading with them for a little over a year, there haven’t been any fallthroughs since then, everything works very smoothly and stablily. And in terms of their support, I can’t really say anything, because I’ve only contacted them a few times, and have gotten standard responses, haven’t noticed anything unusual.
Good day sir, pls i av been trying to register on your platform for real trading,
but i could not make deposit. kindly help
I registered and it`s really easy – you need to sight up by email and phone number. They have good support team – try to ask them, if you still have troubles
I am unable to login
Hi I m from India.
Please suggest me how to deposit the amount
Don’t deposit they make fraud and block after winning
Is auto trade option available? Also is a broker assigned
The trading goes well and the platform is convenient and fast. There are many of various assets. There is even one that the broker created itself. I’ve only traded it a couple of times cause I’m not that good with cryptocurrencies. All in all, I think it’s a good company.
helloi am trader at olymptrade my id is 21407563
i wwaiting my withdrawal since 7 days ago not yet finish when he paid the withdaral i will said here he willl paid ..please do fair sir .sorry my english weaknes
vivi novia, you’ve got a strange id, it’s displayed in a different way for me. I guess, you’ve either confused something, or done something wrong. I’ve been trading by this broker for a long time and I’ve never had any problems with withdrawals. The whole process takes up to 3 days tops till I receive the money, and the withdrawal itself usually happens on the same day. What did the support team tell you?
please admin olymptrade paid my withdrawal ..and i will said here with true you paid or not ..
I’ve tried trading different assets on this platform, like eth and btc – the profitability is good, usually about 80%, the terminal works without any problems and opens deals straight away, even when on the news. The support is also okay, I spoke to them a couple of times, they helped me solve my problems.
like working with this company. Here all at level, and there are no delays on payments, still very pleased with the early, thank you
I’ll share my experience and hope that it’ll be interesting and useful…
The broker has the main currency pairs, gold, silver and oil. There’s also cryptocurrencies – about 10 kinds (if I rememebr correctly, I might be mistaken), which let you work even on weekends, when stock exchanges are closed. There’s CFD, shares and so on, I don’t know. I mostly trade cryptocurrency and forex.
Also, the broker offers bonuses from 10 to 50% of the deposit sum, moreover, it’s doesn’t stop you from withdrawing money.
100% this broker is scammer
La compagnia è eccellente In termini di collaborazione con lui in generale, nessun problema: tutto funziona bene. Inoltre, il denaro viene sempre ritirato quasi immediatamente, cosa che non può che rallegrarsi.
I have no questions to the broker’s work. While the results of the work are really quite positive, and working with the broker was really convenient.
Ich bin sehr zufrieden mit dem Makler. Bis jetzt keine Probleme in Bezug auf die Arbeit, nein – der Makler ist ziemlich glücklich mit mir. Geld wurde ohne Probleme zurückgezogen.
its a scam. please do not invest in olymp trade. i lost my 25000 Rs. when i play with demo account i always win but when i play with my real account i lost. its a scripted site.
The reviewing sites never give bad impression to such platforms. Do you know why? They get a fancy commission for making people register. I mean the affiliate things.
Expertoption is excellent. Concerning work with him, only positive feedback. In fact, the broker left a pretty good impression.
I didn’t notice any serious lags during traditional trading, only during the news release there might be a slight delay, which is actually understandable. Their web-platform uses resources of the browser, in which the website is open. If the browser works well with other websites, then there won’t be any problems with trading. The platform is very convenient by the way. That’s why I opened an account in OLYMP. All the deals are automatically limited by StopLoss orders (I work with forex). I would also like to trade on indices too, but they’re not on the forex list of assets. I hope they’ll add them soon.
Didn’t pay attention to thi broker earlier as I don’t deal with binary options. However, a couple of months ago I got to know that Olymp also offers Forex trading. The deposit is small, I tried and enjoyed it. First of all, the platform is very convenient. Each element is at its very place, trading is easy. Order is limited at start which is very important for me, as i do n intradaytrading and scalping sometimes. Didn’t noticed any freezes. Charts are relevant to the market, no spikes at all, money is withdrawn within a day. Everything is OK.
olymp just blocked my account for wrong password inputted, i forgot my password.
how can rectify my account please..
The minimum deposit is not large, sure, but let’s not forget that the minimum withdrawal amount is also $10, and it’s problematic to make 100% profit with small deposit. For me, In any case, because I prefer forex to binary options. It’s really comfortable to trade on forex on Olymp, actually. The floating commission is a little inconvenient. I’d prefer to see the spread, as on the usual MT4. The visible expansion of the spread indicates the nervousness of the market and is a signal of alarm, for example, during news or in case of a sudden event. The more the change, the more important the event is. On the other hand, spreads are more important to scalpers, who I’m not.
That’s right. But I’d like to remind you that small deposits mean small profits, and that’s why you might be tempted to make more deals and invest all your deposit with a short expiration time. If you don’t become obsessed and act with caution (I limit my bet to the 1/3 of my deposit, tops), then you might make a couple of profitable deals. You can get up to +50% to your deposit, based on my experience.
I haven’t read any reviews about this company, neither positive nor negative. I studied the working conditions on my own and realized that this was the right broker for me. The rules are simple, no obscure or hidden conditions. The process of trading is also simple, the platform is easy to understand. I am not a pro in trading, so all sorts of tips on indicators help me, they are available in the application.
i registered with the demo accounts and now planning to register with the live account and wants to find out if this platform is not about scamming but real to trade with cos am scared to loose my money
i wants to deposit money to my olymp account by my debit card but can’t .
The platform is convenient, all indicators are available. There is even some automation; when placing orders on forex, the risk is limited, but for full access to this mechanism it is necessary to select all items of additional services in the profile. I’d like the screen not to be divided into several charts. Switching between them is not always very convenient. But the set of indicators is transferred from one chart to another automatically. It’s convenient. I haven’t had any problems with funds withdrawal yet.
I have the most positive impressions about Olymp Trade. They’re always honest in paying money to many payment systems according to the application for withdrawal. There’re quite a lot of Investment tools. 19 of them are the tools for technical analysis. investment assortment is also quite large . Stocks, currency pairs, metals, there’s even cryptocurrency. there’re No spreads and deals are quickly closed. Everything is ok in fact. I’m pleased with their stability so far. There’ve been no failures on the platform over the last two years. My score is the maximum!
I trade only cryptocurrencies on the Olymp Trade online investment platform. I use the strategy of scalping or trading on the news. Olymp Trade is suitable for such purposes, since they do not have the concept of spread and deals are closed immediately. There is also a convenient news feed, which ranks news by release date and importance. I read news and always bet against the market. I will not boast about the results as I’ve just registered. There are no problems with payments. I withdraw money to the mastercard. For 24 hours the money is already there. I trade heremyself and recommend that to others!
I noticed that Olymp Trade has very democratic requirements to those, who want to get VIP status. 2000 dollars – this is less, than the majority of brokers offers. In common, in order to become VIP on forex you need to invest 10-20 thousand, and sometimes even 100K. And with VIP status on Olymp, we can payouts rate up to 90%, which is also one of the most profitable offers. I was looking for different brokers, who could offer better conditions, but seems like Olymp Trade is the best offer on the market.
100% bonus – this is an awesome addition to the beneficial trading conditions (80% profitability, deposit without commission). Now Olymp Trade has better trading conditions than competitors. Besides, there are many assets to trade. If they have competitions on demo with real prizes, Olymp would be off the charts.
God will surely punish this people call olymp, they are nothing but real criminals and fraudsters,i loss all my money in this useless platform, even the $10 i requested to withdraw since on the 16th of April 2020, up till now 14th of May, i’ve not been able to get back the money and they are there talking rubbish,all this fraudulent wealth that you guys has accumulated from innocent people, you will not live enjoy them. Please if you don’t want loss your money, don’t put your money here, they are not real, they are scam,fraudsters and digital criminals.
scam, criminals and fraudsters you guys are, olymp you make me loss all my savings, may you loss all your evil wealth
Basically, I’m satisfied with my collaboration with Olymp Trade. My luck that back in the past I began my path to the financial markets exactly with options. I’ve been in business for a long time already, but it’s not until recently that I started considering investments at the financial markets as a good idea. As this is all new for me, I wanted to start with something simple, trying to choose between Forex and options… finally I chose options, and I don’t regret it.
That’s good that I chose Olymp Trade. With this company, I managed to not only open an account but also to undergo some real training. Owing to that, now I know how the currency and stock markets work. At present, I’m already trading with a real account, using several trading strategies. So far with mixed success, but then it’s all new experience. At least, on average I don’t lose money, though they warned me that at first the losses will be prevailing. I guess I’m off to a good start, and the only way is up, as the saying goes! It is important to learn new ways of getting income even if there is no lack of money. Growth is essential!
I believe the Olymp Trade platform is one of the best in its segment. I read somewhere that it has been developed specifically for Olymp Trade. So while the majority of brokers use the same common platforms, this one is original. I really like working with it – it’s very simple so I figured it out in just about a minute, and yet it contains all that needed for trading and analysis. Besides that, I’d like to note that the terminal works really fast. I used to trade with other brokers, and their platforms would drive me nuts with constant bugs and delays, even though my Internet was quite OK! My luck that those delays didn’t affect the trade, but anyway it was annoying. In contrast, the Olymp Trade platform has never had any delays, which makes trading all the more comfortable.
this broker manipulates candels and times!
How did you determine that? I’m wondering because I was comparing Olymp Trade quotes with other reputable portals by myself, and I saw the video with similar research on Youtube – no one noticed any manipulation.
all the good comments are written by olymp employees!
There is a huge difference between employees and partners. In my opinion broker’s clients are highly interested in broker’s well-being because this increases the stability of the company and therefore – safety of their own funds. Myself I always try to remember leaving nice reviews about companies I work with. Good broker is also interested in well-being of their clients. They get commissions and the longer a trader is profitable, the more commissions broker can yield from this customer’s activities on the market. IMHO Olymp Trade belongs exactly to this type of brokers and is interested in mutually beneficial partnership with clients. This is the reason there are many nice reviews.
I’ve just completed the first withdrawal from Olymp, so feel comfortable now to write a review. I ordered the money the day before yesterday 8 PM, funds arrived yesterday 3PM. Not an instant transfer but not bad at all. Overall impression from the platform and service is good. Support team is helpful and professional, orders get executed fast and at the price I want them to be executed at. Miracles don’t happen and there is no magic “get me some money” button in their platform and you need to work really hard and be patient enough to get some profits. I’m ok with that and I definitely suggest you try OLymp for yourself
I am new to markets and so far I only trade in a demo mode. However, I funded my account already with the minimum amount of $10 to be able to proceed to live trading when I’m ready. Most importantly, in just a few weeks I managed with the help of Olymp’s educational resources understand the basic principles of price formations and my trading results get better each week.
Well, I can’t say to much about Olymp, but I think it’s quite reliable place to trade. I can’t say that brokerage service is perfection, I can’t find some points that may be improved, however I don’t know broker that is much better. My opinion is quite simple – Olymp is good option if you want reliable broker and don’t want to care about security of your funds. There is two main reasons – reputation and Finacom membership. If broker will take some unfair actions, you will get refund from Finacom. On the other hand, I don’t like the fact, that Olymp do everything to help Newbies, as this things distract me and grabb my attention from trading. So you decide
Olymp Trade has a license with FinaCom PLC and that’s one of the main advantages, as on my own. That’s really working feature and finacom is guide reputable company to be trusted. Olymp Trade has many other advantages, but that’s the most important. In practice, that means that company is really regulated and you will be really compensated. That’s unique advantage of this broker. There are also other advantages, but they aren’t unique. I mean native trading platform, educational opportunitites and official traders’ community. I think that Olymp is one of the best brokers you can choose.
My account not reoppan
Do not waste time and immediately contact the olymp technical support there is always someone on the phone. And if there is a problem with your browser, then clean the cookies and everything will work again!
Olymptrade customer care number 6294391642 all pending payment refund soon all pending payment refund soon all pending payment refund soon all pending
It seems to me that anyone can get used to Olympus. That’s because this broker has an unlimited demo, which allows you to practice each strategy and learn any approach at all, without risking your own money.
I’m trading with Olymp Trade for a long time and it’s really good. A lot of assets, quick withdrawals and a lot of indicators to apply in trading. However, I’ll prefer trading with Metatrader 4. Olymp trade is good in all regards and I don’t want to change it, but I heard that there’s way to use MT4 and combine it with Olymp Trade. If someone know how to do so – pls, let me know.
Yes, they’ve launched the support of MetaTrader this year. You can find it at the official website and you’ll have to get separate credentials for it. This is easy and takes a minute only.
7 Binary Options
Olymp Trade is an international trading platform. It was founded in 2020. Its payouts are up to 90%.
OlympTrade Account Features
OlympTrade doesn’t have a huge variety of trading accounts to choose from. Although this seems to be odd, it gives all the traders equal features when trading. The fact that traders can only open similar account type makes everyone equal and there is a lot of democracy for all traders.
Traders can choose to open their trading account with US Dollars or Euros as the base currency. This choice is made during the account registration and can not be altered later on. Therefore, the trader should choose his or her base currency wisely.
The minimum deposit that a trader can make with this is $10 just like with IQ Option, which is low enough for even beginners with lower amounts of cash to invest. $10 is the lowest amount of minimum deposit that any trading platform in the field can ask for.
The OlympTrade offers a number of important features to all its traders who deposit funds with them. The trading account is equipped with free market analytics and personal account manager. The traders are also entitled to an easy access to financial market and a payout of up to 80%.
All traders who register with OlympTrade are qualified to get bonuses as well as other promotions offered by the trading platform. However, the terms and conditions of the bonuses are not laid out well on their website; they are left to your account manager to advise you accordingly. But we hope with time the trading platform will do all it can to make the terms and conditions more detailed and easily accessible.
This trading platform offers a demo account, and it is good to keep in mind that:
- You have to be registered with the trading platform in order to be allowed access to the demo account.
- The Demo account is funded with 10,000 virtual money which is more than enough for experimenting and also understanding the trading platform.
- The demo account is also a very prime stage for testing new trading strategies.
- Demo account is by all means recommended even to experienced traders.
All the features of the OlympTrade trading platform show they are set to serve all traders and especially the newbies.
OlympTrade Trading Software
OlympTrade uses its proprietary trading platform where registered traders can choose to trade different currency pairs and commodities.
Unfortunately, with their trading platform, the only type of options available for trading is the classic high/low option. The expiry time varies from 60 seconds to 3 hours. Therefore, this trading platform is a better choice for traders who prefer short expiry times. The short expiry times also has higher risk but it is more profitable.
But for you to trade there are no downloads that are required. Traders carry out their trading in selected Internet browsers.
The OlympTrade trading platform is very user-friendly. The trading chart is positioned on the right side of the website, while the area for viewing the placed trades is on the left. Their website has bright colors are thus showing exactly what each element is for and thus removing any confusion, even when it comes to inexperienced traders.
Furthermore, on the bottom of the trading platform, traders will see a table that contains all their trading history which gives the traders an amazing overview of their trading history as well as their previous decisions.
The trading platform also provides an Android app for Android operated devices and an iOS app for iPhone devices. This mobile app ensures that traders can trade on the go at whichever location and at whatever time provided it is within the allowed trading hours.
The trading platform website is very well designed and it is navigated by a drop-down menu bar that is placed on the right-hand side. All their Terms and conditions can be easily viewed at the bottom of the pages.
Just as with most trading platforms, the OlympTrade has a very responsive and supportive customer support team. This forms the basis of the relationship between any trading platform and their traders.
The trading platform’s support team is easily reachable in a number of ways. They can be reached via phone, live chat or email. The live chat and the phone call are the fastest means of communicating with the customer support, but if you are not in a hurry you can use the email address and your grievances will still be handled.
The OlympTrade trading platform is available in:
OlympTrade also has an education section with articles and videos available to only the registered traders. Here beginners can get access to the beginners’ course which only takes 15 minutes. There are also different trading strategies that are explained, and also videos that provide further information. Any learning materials are easily accessible from the OlympTrade Academy.
Traders can also use the FAQ section which provides answers to questions which are frequently asked by traders. This is a superb solution for traders who don’t want to chat with the customer support team or want to find answers on their own.
Banking and Company Info
The Olymp Trade platform is certified by the international Financial Commission (FinaCom) as a category A member. The Financial Commission provides for the traders protection by its fund for up to $ 20,000 per case if a dispute between a trader and a broker is resolved in favor of the trader (under the conditions established by FinaCom).
The registration address is available in the User Agreement at: https://olymptrade.com/docs/terms/opt/en/service-agreement.pdf
Traders have the freedom to choose from a wide range of depositing and withdrawing methods. These methods are:
Traders should use the same banking method for depositing to withdraw their funds. Withdrawals take 5 working days to be withdrawn. However, the money may take a longer time to appear in the trader’s bank account due to different banking systems and legislation.
Similar to the minimum deposit amount, the minimum withdrawal amount is $10.
But according to the trading platform, some trading accounts will require special verification and authorization by the financial department once the request for a withdrawal is made. However, the information pertaining this is not well laid out on their website. For those accounts which require the special verification, the traders are obligated to provide certain documents.
The documents required:
- a colored copy or scan of trader’s national identity card
- a colored copy or scan of the trader’s international passport
- a driver’s license and a utility bill
Upon submitting, all the documents are processed in 1 day once they are received by the trading platform’s financial department. Then, the trader gets a notification letter showing if the authorization is successful or not.
Olymptrade is a trading system with a option based platform. It offers particular functions that are contingent with a customer’s perspective. These features may sound more enticing to a trader who is new to the world of trading than to one who is already big on making significant investments.
Olymptrade appeals mostly to new and inexperienced traders who are looking for a risk-free and profitable way to invest their money, make reasonable profits and learn new strategies along the way.
One of the best feature of Olymptrade is that it offers free registration to new members with virtual credits of $10,000. It is to provide new investors with a general idea of how the whole system functions.
A demo account allows a new member to hone their trading skills, get accustomed with the strategies of the trading platform, learn about the ground rules and get familiarized with what to expect before they begin trading with real money.
Olymptrade doesn’t offer bonuses and signup incentives that are usually offered by most of the online trading platforms nowadays. Instead, they offer their traders with the lowest level of investments possible. Registered members of Olymptrade can trade with the minimum amount of $1.
While being the most moderate to low risk platform. Olymptrade also provides newbie traders with a low rate of profit and loss making it ideal for someone who is just stepping into the world of trading. But it’s not the platform to use for anyone who wants to make money quick.
Is Olymptrade legitimate, or will they scam me?
We have a team of professionals that tests all the trading platforms, before recommending them to you. A trading platform’s software and licensing are not only investigated but also tested extensively by us. Our team trades with the dealers to estimate the legitimacy of different aspects of their trading systems. These aspects include ease of access, methods of withdrawals and deposits, client services and the total experience of trading with said trading platform.
Do they offer a selection of mobile or tablet apps?
The modern age allows us access to technology from anywhere, anyplace and at anytime. Everyone has access to the power of technology at all times with mobile and tablet devices in our pockets, and with access to technology comes the need to stay informed.
It is necessary for a reliable trading platform to acknowledge this fact and provide their investors with an easily accessible platform that is supported by both iOS and Android devices. Olymptrade has recognized this fact by offering a website that is supported and easily operated from all mobile devices.
What bonuses do they offer for new traders?
Olymptrade is aiming to provide services to Russian beginner level traders with their low-risk trades between dollar $1 to $10. Their members can start investing with an amount as little as $1 by making a deposit of $10 only.
Since Olymptrade provides its members with a chance to invest in small amounts, the amount of available and tradeable assets is low, which helps greatly in reducing the risk factor when using Olymptrade’s services. The best part of trading with Olymptrade is that they don’t try to draw in potential investors with alluring schemes and bonuses. They do, however, offer intermittent bonuses or rewards such as when members successfully refer people to the system.
Is it possible to start trading using a free demo account?
Olymptrade offers free virtual demo accounts to its registered members, where they can refine their trading skills with the virtual money of nearly $10,000. This is the best option for an investor who is searching for a way get into trading.
Here they can learn the basics of trading, how and when to invest, trading strategies, what to expect, and so much more without even spending any real money. With their focus on providing the most up-to-date trading experience possible to a first time trader. The Virtual demo accounts of Olymptrade are the best way to get introduced to the world of trading.
What’s the minimum deposit and trade amount?
With the aim of providing low-level deals, Olymptrade is one of the few trading platforms who is providing minimum deposits of $10. This initial amount gives you access to your demo account with almost $10,000 of virtual credits. With Olymptrade, you can begin trading your investments in quantities starting from $1.
This is an ideal introductory platform for a new investor which gives them a chance to invest safe amounts and also enables them to learn more about the trading world before they move on to making significant investments.
Currently, Olymptrade traders can trade using a handful of currency pairs and commodities. However, other currencies and assets like stocks and indices will soon be added to their list of tradeable assets, as the trading platform seems to be working on expanding their list evident from their mention in the ‘glossary’ section.
OlympTrade has one of the greatest mobile platforms
Members of Olymptrade benefit from an extensive list of tradeable assets. Members are allowed to choose from 8 pairs of currencies along with many other individual stocks, bitcoin, commodities, indices. The Olymptrade software allows members to use standard trade options of ‘call’ and ‘put,’ commands with wide-ranging expiration time limiting ranging from a minute up to one hundred and eighty minutes (3 hours).
Some of the features offered by Olymptrade
An investor can initialize their trading with Olymptrade by depositing a minimum amount of $10 which enables a member to start making trades of minimum $1. These low-level trades allow a member to get a general idea of the trading system, and they can benefit from low-risk businesses while getting a chance to practice their trade skills.
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