Last Update : July 20, 2024


OLYMP TRADE

Regulated By :

Headquarters : Seychelles

Min Deposit : 10 USD

US Clients :

Leverage : 1:500

Established Year : 2014

Broker's Trustability

OLYMP TRADE Overview

Company Information

Broker DetailsInfo
Regulators

What Is Regulation?

Forex regulation is therefore all about consumer protection. Regulated Forex brokers are less likely to cheat their clients and where such infractions happen, regulators are empowered by the laws of their respective jurisdictions to apply appropriate sanctions.

Country Seychelles
Base Currencies

What is Base Currency?

In the forex market, currency unit prices are quoted as currency pairs. The base currency – also called the transaction currency - is the first currency appearing in a currency pair quotation, followed by the second part of the quotation, called the quote currency or the counter currency. For accounting purposes, a firm may use the base currency as the domestic currency or accounting currency to represent all profits and losses.

USD
Type Of Brokers

Broker Types

There are two types of brokers: regular brokers who deal directly with their clients and broker-resellers who act as intermediaries between the client and a larger broker. Regular brokers generally are held in higher regard than broker-resellers.

ECN
Trading Platform

What is Trading Platform?

A currency trading platform is a software interface provided by currency brokers to their customers to give them access as traders in the Forex markets. This may be an online, web-based portal, mobile app, a standalone downloadable program, or any combination of the three.

Desktop, Mobile
Established Year2014
Website LanguageEnglish
US Clients

Payment Option

MethodGetway
Acc Funding Methods Skrill, Visa Card, Master Card
Acc Withdrawal Methods Skrill, Visa Card, Master Card

Transaction Fees

GetwayFees
Skrill2.99% + $0.30 per transaction
Visa Card1.9% - 2.9% of the transaction amount
Master Card1.9% - 2.9% of the transaction amount

Trading Account Options

TypeInfo
Maximum Leverage

Forex Leverage

Leverage is the use of borrowed funds to increase one's trading position beyond what would be available from their cash balance alone. ... Forex traders often use leverage to profit from relatively small price changes in currency pairs. Leverage, however, can amplify both profits as well as losses.

1:500
Mini Account

What Is Mini Account?

A forex mini account is a foreign exchange (FX) account which allows beginner traders to enter the currency market using smaller size (mini lot) positions and trading quantities, thus lowering the funds at risk and limiting potential losses.

VIP Accounts
Segregated Accounts

What Is Segregated Account?

Segregated account is an important term in the context of Forex trading in which a broker holds their client funds in segregated (separate) accounts that are different from the broker's core banking account. Segregated accounts are used to differentiate between the broker's working capital and its client investments.

Free Demo Accounts
Managed Accounts

What Is Managed Accounts?

A managed forex account is where a professional trader/money manager manages the trading on the clients' behalf. The account is made up of a personalized portfolio owned by a single investor. The portfolio and account is handled accordingly to the investors needs.

Pro Account
Minimum Deposit10 USD
Islamic Account

What Is Islamic Account?

An Islamic Forex account is a halal trading account that is offered to clients who respect the Quran and wish to invest in the Islamic stock market following the principles of Islamic finance. ... As Sharia law prohibits the accumulation of interest, traders with Islamic accounts do not pay or receive interest rates.

Contact Information & Support

TypeInfo
Telephone No+357 25030996
Emailsupport-en@olymptrade.com
24 Hours Support
Support During Weekends
AddressN/A
Websitehttps://olymptrade.com

OLYMP TRADE Trading Features

Suitable For

Trader LevelYes/No
Publicly Traded
Beginners
Day Trading
Weekly Trading
Professionals
Swing Trading

Spreads And Commission

Trader LevelYes/No
Minimum Spreads

What Is Spreads?

The forex spread is the difference between a forex broker's sell rate and buy rate when exchanging or trading currencies. Spreads can be narrower or wider, depending on the currency involved, the time of day a trade is initiated, and economic conditions.

0.0
Commission
Fixed Spreads

Trading Services

ServiceInfo
Hedging

What Is Hedging?

Hedging with forex is a strategy used to protect one's position in a currency pair from an adverse move. It is typically a form of short-term protection when a trader is concerned about news or an event triggering volatility in currency markets. There are two related strategies when talking about hedging forex pairs in this way. One is to place a hedge by taking the opposite position in the same currency pair, and the second approach is to buy forex options.

News Trading
Scalping

What Is Scalping?

Scalping in the forex market involves trading currencies based on a set of real-time analysis. The purpose of scalping is to make a profit by buying or selling currencies and holding the position for a very short time and closing it for a small profit.

Automated Trading
Indices

What Is Indices?

The indices track the underlying prices of the currency pairs within that index. If the individual forex prices in that index increase, then the value of the index will go up. Conversely, if the individual FX prices decrease, then the value of that index will fall.

Commodities

What Is Commodities?

The commodity pairs, or commodity currencies, are those forex currency pairs from countries with large amounts of commodity reserves. ... Traders and investors looking to gain exposure to commodity price fluctuations often take positions in commodity currency pairs as a proxy investment to buying commodities.

Forex instruments
CFDs
ETFs
Stocks
Bonds
Cryptocurrencey
Trading Signals
Educational Service
Copy/Social Tradings
Octa Broker logo

Octa

Min.Deposit: 25 USD

Regulated: FSCA

Max.Leverage: 1:1000

Country: Array

Apply Now View Full Review »
XM Broker logo

XM

Min.Deposit: 5 USD

Regulated: ASIC

Max.Leverage: 1:888

Country: Array

Apply Now View Full Review »
FXGlory Broker logo

FXGlory

Min.Deposit: $5

Regulated: IFSA

Max.Leverage: 1:3000

Country: Array

Apply Now View Full Review »
XChief Broker logo

XChief

Min.Deposit: 10 USD

Regulated: VFSC

Max.Leverage: 1:1000

Country: Array

Apply Now View Full Review »
InstaForex Broker logo

InstaForex

Min.Deposit: $1

Regulated: FSC of BVI

Max.Leverage: 1:1000

Country: Array

Apply Now View Full Review »

Put Your Comment

Your email address will not be published. Required fields are marked *

  1. I can’t say anything bad about my broker Olymp Trade. This is quite a loyal broker, trading with which can bring a very good income. Web-platform’s proper work helps to concentrate, and good information support and technical analysis allows you to correctly determine the possible trend reversal. Funds withdrawal is also done well, I’ve not yet come across any difficulties with this in any case. I’m trying to read the materials on the website. I can say that there are very useful ones, but there are idiotic ones as well, like: smoking impact on trading. One can suggest writing on cigarettes’ packets: smoking deprives you of income (and this is true, actually).

  2. I’d like to tell a little bit about Olymp Trade. When I began to trade there, I’ve never thought that I would continue. But all of a sudden I became interested in this business and now I wonder how I managed to be without it before. It’s difficult to understand how interesting it is to analyze charts and find the desired patterns or figures for those who have never done this. I studied maths, and I think I sometimes catch additional regularities (of course, within the framework of probability theory). The broker is great and provides a lot of information for both beginners and professionals. When I did first funds withdrawal, I was in seventh heaven. I make much more profit now and don’t intend to stop trading. It’s a pity, though, that there’s only 12 cryptocurrencies.

    1. You know, 12 crypto currencies, that’s a lot more than many other brokers offer. So don’t worry, you could say you’re lucky. If you’re a fan of these assets. In fact, I think this broker is different from similar companies, and you can trust your money to do it.

  3. My impression of the forex trading platform of olymp trade are mostly positive. It’s very easy to use it, everything’s literally clear from the first glance – where everything is and how to control it. I like the fact tha you can trade without spreads. It’s very reasonable that stop out limit the trading by the sum of the deal. Otherwise you can lose your whole deposit if you get distracted. It’s good you can withdraw several assets on the graph, and you can visually custom the chart the way you want. It can be candlesticks, a time zone chart, bars, Heikin-Ashi. Olymp trade is generally a good broker, and I manage to regularly withdraw my profit without any problems. I only wish there were more currency pairs. There are only 28 now.

  4. I really like working with Expertoption broker. During this year of close cooperation, there were no serious problems, and trivialities were immediately resolved with support, so I did not lose the choice.

    1. Has never heard of this brokerage before. I would be careful with unknown brokerages that offer super-favourable trading conditions. If you have a choice, always choose a regulated brokerage, so that your funds are secured with some external service. For Olymp this is FinaCom’s insurance.

  5. As for me, then Expertoption is one of the simplest brokers for today. I’m new to this industry, but with this broker I was apparently lucky. The guys from the support helped to sort out a lot, but on such a platform it’s quite convenient to work, even for a beginner.

  6. My feedback on Expertoption is only positive. In fact, I started working in this industry for quite some time. While I decided to choose this broker, and the results quite suit me

  7. Expertoption company offers excellent conditions for earnings for its traders. Yes, and deposit is small, you can try it for everyone!

    1. I also liked that there are no limits on the amount of money and you can at least test it without major investments. It seems to me that everything can work out in Olymp Trade, at least now I’ve already sorted out the terminal and I see the positive dynamics myself.

  8. As for me, then Trading Expertoption is excellent. The amount of the deposit is really small, so you can safely replenish, and already test your strength.

  9. On Olymp, I was attracted by the honest bonuses and mild requirements to your deposit. I’m trying to say that getting a bonus doesn’t restrict the withdrawing process as it happens with other brokers. I heard that their clients have to perform turnovers 50 times bigger than the profit itself. What a nightmare! In my opinion, it’s one of the enforcement measures that should be banned on the legislative level! On Olymp I can withdraw the whole deposit or its part at any moment. The withdrawing process take several hours even on weekends.

  10. It’s quite a good trading platform. I definitely have no complaints, at least not yet. Everything works like a charm. I entered with a minimum deposit, it’s only $10 there, and then deposited a larger amount. Lack of spread is a big pro, there is only commission.

    I really like the platform do far, everything is intuitively understandable, nothing extra. It’s nice to work with the chart, which is easily scalable, there’re also timeframes I need. There are several ways to present an asset chart, I mainly use bars, presented here, of course. As for orders’ opening and closing, I haven’t noticed any problems, everything is quite simple.

  11. I know this platform for a long time, and I’ve decided to log in and try it out. For beginners I recommend to begin with the section of educational materials, there is a lot of information about indicators and strategies, and there’re webinars.
    The platform is a web application, which in my opinion is quite convenient, you don’t need to download and install any programs. My computer is not the most powerful one, but I have no problems with work. It has not a lot of assets, you now, but in my opinion this is good, when there’re hundreds of them, one doesn’t know where to look first, especially if you chose one. As for the chart, it’s flexibly adjusted and can be scaled. Indicators are added and edited easily too, they contain only the most necessary parameters.

  12. It is time for the authors of this review to update their observations and correct their conclusions. Olymp trade added a Forex platform with limited orders several months ago, and it is still not available in MT4. I would call it a controversial decision not to show spreads, but to limit the floating commission, but since the commission is small, I do not mind. And especially I do not mind that the Commission is charged when placing an order and then can not be changed. With the news, this is an absolute advantage on MT4 too.

  13. Opened an account and decided to check their reliability – withdrew some of my funds. The funds came to the account within an hour. I was satisfied with the result until I found out that the withdrawal of the whole amount or its part cancels the bonuses. Everything would be fine, but I drained the first deposit, so it was a pity, because the bonuses are activated when the deposit equals zero and the bonuses can be traded as a reserve fund with the full right to all profits. That’s the deal. I don’t really feel sorry, on forex i use amounts that you don’t feel sorry to lose, but I guess others can find this information useful.

    1. That’s a shame that you lost bonuses! I’m sorry for that. On the other hand, now you know for sure that this company withdraws money instantly 🙂
      Though personally I wouldn’t question Olymp’s integrity, butwell, that depends on the person, after all. Some may deposit a considerable amount at once and trade to get the maximum bonuses, others prefer to test the grounds at first… Be it some unknown broker, I might have done the same. But the thing is, when I started trading with Olymp Trade I already knew they were a reliable company.

  14. The economic calendar way created just in time. you don’t need to click anywhere and look for information elsewhere. It is ranked by the date and importance of the news. And all the most important news for the market is collected in this calendar. I still don’t really remember how to conduct a fundamental analysis. I use free Olymp Trade signals. They are not always truthful, but at least 70-80% are telling the truth. It seems I have learned to perform technical analysis , but still one’s own signals work much worse than the store bought ones. The company is reliable and proven. Not a kitchen. Money is paid without problems.

  15. I am open to share my experience and to also enlighten everyone on how i was able to recover my money from a scam broker .

    1. Hi, mate, I don’t know whether you’re talking about Olymp Trade or no. I can share my experience to let readers more info. I’m with Olymp for so long and never faced any severe problems. Of course, there are some minor problems, but they’re constantly fixed when you report them to support team. 1 or 2 times I even faced some withdrawal issues, but support team solved everything so quickly. It’s ok and I was sure that everything will be solved, as Olymp Trade is Finacom member, so even if something won’t be solved, I’ll get compensation.
      As for your experience, I know that a lot of people are getting into trouble and that’s why I suggest to choose brokers that are member of institutions, such as Finacom 🙂

  16. They’re 1000% neither fraudsters nor scammers . I’ve been working with them for 5 years. I’ve just recently discovered forex and now I’m learning how to trade there. Prior to that, I used to make capital investments in gold and precious metals. After selling all the metals at the peak, I’ve begun to deal with cryptocurrency and currency pairs. MeanWhile I’m training on a demo account, but in general the opinion about the Olymp Trade platform is excellent. I can recommend it to the best people!

  17. I’m trading with Olymp Trade mostly because of the reputation of this broker. In general, the company offers many different goodies, which other brokers don’t provide (just not all of them are interesting for me). Why would I need their the best possible technical analysis platform, if I’m trading using fundamental analysis? XD
    Olymp Trade was one of the first to offer bitcoins trading, but I don’t believe in bitcoins. I prefer classic forex/binary. I’m trading mostly eurodollars and pounds. I would rather just trade eurodollars, but sometimes it is necessary to be reinsured by any other assets if the coefficient of your primary asset is too low.
    I don’t have any issues with withdrawal. As I’ve already mentioned, from the very beginning, I chose the largest broker with a reputation. So I don`t bother whether I will get my income or not.

  18. Olymp Trade is an excellent choice for those who are planning to start trading. Or look for a way to plunge into the financial markets and kick-start their investment activity. With this in mind, options are indeed one of the simplest alternatives. One of the most aware of the trading platforms is Olymp Trade, and not without reason. The company offers high payouts (up to 80-82% per deal), plus you can start trading with a minimum deposit of $10 which is rather convenient. Yet the beginners can practice first with a demo account and attend training seminars, that’s for free. For all I know, no other broker can offer such an advantageous package of services. Thus, Olymp is a great option both for beginners and professionals.

    1. I’d also note high payout rates on a VIP-account. Of course, 80-82% is quite good, but 90% is something I haven’t seen with any broker. This makes Olymp Trade a leader in the amount of payouts, plus they have a superb platform. Certainly, not everybody can afford investing $2000 right on the spot. Moreover, I wouldn’t even recommend investing such an amount on the spot. Nevertheless, I think a VIP-status with all its perks and benefits is something that every trader should crave, if he’s planning to do some serious trading.

  19. That’s a good platform, especially for the beginners. I like the way Olymp Trade treats the organization of training: they provide newbies with webinars and free demo accounts, let alone the impressive amount of material! It is obvious that the company really cares for its customers, and that’s what inspires confindence. In general, one can tell that Olymp Trade is seriously focused on development. The platform is constantly improving, and the amount of assets is on the increase. Now, the cryptocurrency has just begun to rise, and that’s really cool that Olymp has got some very interesting cryptocurrency assets. That’s what I’m currently investing in, by the way.

  20. I chose Olymp Trade because I didn’t find any other broker who would provide so many opportunities for a minimum deposit of $10. A year ago, I knew absolutely nothing about investing in financial markets but was really eager to give it a try. Being a cautious man who doesn’t like taking unnecessary risks, I decided to start with a small amount. As I discovered later, I didn’t even need to make a deposit to try trading, since Olymp Trade provides a demo-account completely for free.
    Anyway, since then I’ve come a long way. I made a deposit once, for it is obvious that $10 is too little for serious trading. Then I made a test withdrawal, just to check it out. You know, there’s no point in withdrawing small amounts – it’s more reasonable to accumulate some capital for future orders. To sum it up, I’m satisfied with the work of the platform. Currently I’m honing my personal strategy to ensure successful trading in future. In my opinion, investments are a promising business, and Olymp Trade is a great company to start with. You’ll hardly find any other broker who’d help you enter the financial markets just as quickly and easily!

  21. If I’m not mistaken, Olymp Trade support available round clock, I’m not sure about the weekend though, as the client from the whole world, from different time zones, are trading there and they may come up with some question any time… Personally, I contacted a consultant in a live chat at a very different time, it happened even very late at night and they always responded in 1-2 minutes…

    1. True. Support is very responsive and professional. If its a minor problem or question, getting the answer is a matter of seconds. Howerever, if they need time to examine your account and find the exact reason why you are having difficulties it might take little longer than that. Anyway, you get the response any time of day and night once the issue is found and resolved.

  22. Somehow my friend accidentally invited me to try to trade on Olymp trade options I have been trading options recently, and this field looks interesting for me, so I decided to try. I deposited some money
    I made the following conclusions for myself: the Olymp Trade platform is quite convenient.. There are also analyst forecasts on the Olymp Trade platform, but I don’t really read them yet. But for some people, it may be useful. They also provide various webinar. They even have their own academy, where they teach trading and various trading systems.
    In general, I liked the functionality, support, and quick withdrawal, and my feedback about the Olymp broker is positive. Now I will use the services of this broker!

  23. When I first started trading options, everything didn’t go smooth right away. I was helped by the Olymp Trade community of traders. There I described my problem, they gave me some advice and support. Perhaps this is the only thing that helped me gain self-confidence and work harder on discipline and my personals rules to trade with. Now everything is fine, I earn money by trading, but I will never forget the human kindness of other traders

  24. What is a good broker? For me, that is a broker that offers the next things: fast withdrawals, convenient trading platform and reliable+quick support. So I’ll review Olymp by this 3 criteria. First of all, there are really fast withdrawals, that usually take no more than 2 days. There is a lot of ways to withdraw money and no withrawing fees. The only disadvantage is that you can withdraw money with the same method, as you have made a deposit, to add new withrawal method you need to make a deposit using this method. However, taking in account, that min deposit amount is only $10, that’s not a problem. The second point to consider is trading platform. Honestly, Olymp has one of the most convenient trading platform within the industry with native interface and high functionality. You can add indicators, combine them and manualy change stop-loss and take-profit amounts. And the last one is support service. I think that Olymp support team is quite well, however I can’t say a lot, as I asked them only 2 times and these times got fast and accurate answer.

  25. Olymp trade offers convenient trading platform and trading instruments that make trading easier. In fact, I estimate that 80% of traders are not professionals, but individuals that want to make additional income. Such traders (and me also) are ready to learn, but want trading to be easier and more native. I don’t remember, but that seems that Olymp offers its own trading platform and it’s really easy-to-use. It’s easy and takes only couple of days to learn. Moreover, Olymp Trade offers a lot of learning materials, so you can learn with your broker and get first-hand educational info. There is economic calendar and demo-account, as well as a lot of webinars. So, you can learn and test everything on demo-account without any risk.

    1. It is a good observation that most of the traders are not professionals but people who have come for additional income. And yes, Olymp Trade in this sense provides all the opportunities to quickly adapt and catch the basic laws of trading. I think that’s why this broker has such a great influence in the market and such a large number of loyal clients.

  26. I’m willing to learn trading Forex and my friend suggested me to take a look on Olymp Trade. He said the brokerage is good for beginners, cause there are a lot of educational materials and low minimum deposit. Is learning materials fruitful, or just a blah-blah and can I try education before making a deposit?

    1. There’s a lot of information that is freely available, and it’s the most useful data, at some point I noticed that I basically stopped using other information and started working completely on olymp data, I think it’s very decent.

Disclaimer - The Promotion, reviews and other information are written and posted here just for the informational reason only. which must not take as an invitation or inspiration to invest in the Financial Market, as Trading leveraged products such as Forex, CFDs and Binary Option, Indices and cryptocurrency involves significant risk to your invested capital.
© 2012 - 2024 Copyright allforexbonus.com - All Rights Reserved.

We use cookies to improve your experience on our site. Learn more.