Updated OlympTrade Review – Pros and Cons

The OlympTrade broker was founded and licensed in April 2012. The company launched a mobile version and an app in 2013. The broker founded the OlympTrade Academy and started providing fixed-time trading services to traders in March 2015.

The OlympTrade broker was founded and licensed in April 2012. The company launched a mobile version and an app in 2013. The broker founded the OlympTrade Academy and started providing fixed-time trading services to traders in March 2015.

The company has more than 10 awards, including 3 international awards. It is regulated by the International Finance Commission (IFC).

Updated OlympTrade Broker Review 2022

💰 Account Currency: EUR, USD, GBP
🚀 Minimum deposit: $ 10
⚖️ Leverage: 1:500
💱 Spread: No
🔧 Instruments: Currency pairs, cryptocurrencies, stocks, indices, commodity assets
💹 Call/Stop Margin: N / A

Advantages of trading with OlympTrade:

  • Convenient platform interface;
  • Low minimum deposit of $10;
  • Beneficial trading conditions.
  • Deposit fees and withdrawal fees not charged
  • Demo account option available

Disadvantages of OlympTrade:

  • No investment program;
  • Different trading conditions for different assets.
The OlympTrade broker was founded and licensed in April 2012. The company launched a mobile version and an app in 2013. The broker founded the OlympTrade Academy and started providing fixed-time trading services to traders in March 2015.

OlympTrade: General

The Olymp Trade broker is focused on providing clients with fixed-time trading and is perfect for both beginner and professional traders.

Top 3 OlympTrade customer reviews

I didn't expect much from this broker and was only interested in testing its features. The first thing to mention is the fact that most trading instruments are binary options. There is really no usual trading here as there are very few assets. Binary options conditions are acceptable, the platform is fine as far as it goes. But it's not universal. I am not satisfied enough with binary options trading, and 60+ tools to work in MetaTrader 4 are not enough. Therefore, some target customers are automatically eliminated. Maybe if the functionality was a little more I would rate Olymp Trade higher, but so far it's only worth three points.
Alberto, finance sector
Olymp Trade is a reliable broker with first class service. The terminal always works well and orders are opened and closed very quickly. There is no freezing and quotes, and charts are displayed correctly. In general, I have no complaints about the technical aspect of the broker. I trade options here, but I have heard that others make money through Olymp Trade on Forex. I cannot judge how profitable their trading is, but I not only earn consistently but also withdraw funds without any problems. By the way, the broker compensates clients for all non-trading commissions for depositing and withdrawing money, so trading here is really profitable.
Magarete, investor
I have been trading binary options for over three years and have worked with many brokers. I consider Olymp Trade one of the best binary options brokers. The company's proprietary trading platform has a simple and user-friendly interface and even the most inexperienced trader will be able to use it. I switched to Advanced status a long time ago. Your deposit is considerable, starting at $500. But the profitability of transactions reaches 84%. In addition, the broker provides 2 assets with higher profitability. Olymp Trade is licensed and there are no issues with withdrawing money. What else do you need to trade successfully? I definitely like it here.
Alves Chaver, Investor

OlympTrade review: our opinion

The broker OlympTrade has been providing its services in the options market for a short time, but during that time it has proved to be a promising broker.

The company is actively working to provide its clients with the most convenient trading conditions, such as an interface platform intuitive trading, no commission for depositing and withdrawing funds, low minimum deposit and 24/XNUMX multilingual support.

OlympTrade provides a comfortable working environment for both professional and beginner traders.

The company got hundreds of good reviews. First of all, customers are satisfied with a simple registration process, a small deposit and the convenient proprietary terminal.

Slippage and freezing are virtually non-existent on the trading platform.

Negative feedback about the company is associated with the delay in withdrawing funds.

The support service is ready to help with this and any other issues twenty-four hours a day, seven days a week.

The average duration of a response to a client's request is up to 15 seconds, which makes it possible to name the OlympTrade broker's support service as one of the most efficient.

Customer service responds in 10 languages.

At the moment, this broker occupies a leading position among companies that offer investors to earn on fixed-time trading.

Main features of OlympTrade broker

OlympTrade_logo

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*Your capital may be at risk
Investing in Forex, CFD and FX options involves substantial risk of loss and is not suitable for all investors.
General evaluation
Execution of orders
investment instruments
withdrawal speed
customer support work
Variety of instruments
Trading platform

Trading conditions for OlympTrade users

There is a low minimum deposit required to start trading, just $10.

The proprietary trading platform of OlympTrade It has a simple and convenient interface that even the most inexperienced trader can navigate.

Leverage on OlympTrade is not fixed and depends on the type of asset. Detailed information about each asset is available on the broker's website.

The broker is focused on providing services to professionals and novice traders.

The company offers free access to training materials to improve the skills of its customers.

You can also find text materials on fundamental and technical analysis, money management, and trading psychology.

The training base also includes webinars, the total duration of which is 296 hours.

If you have any questions or problems, you can contact the support service at any time of the day or night by calling, chatting or emailing.

Olymp Trade experts work 24/10 to respond to clients in XNUMX languages.

Also, in the “Help” section of the personal account on the OlympTrade platform, you can ask a question to an expert, request a callback from an analyst or find answers to frequently asked questions.

💻 Trading platform: Proprietary Platform and MetaTrader 4
📊 Accounts: Demo, Real, MT4
💰 Account Currency: USD, EUR
💵 Deposit / Withdrawal: Visa and MasterCard bank cards, Neteller electronic payment systems, WebMoney
🚀 Minimum deposit: $ 10
⚖️ Leverage: 1:500
💼 PAMM-Accounts: No
📈️ My order: $1
💱 Spread: No
🔧 Instruments: Currency pairs, cryptocurrencies, stocks, indices, commodity assets
💹 Call/Stop Margin: n / a
🏛 Liquidity provider: n / a
📱 Mobile Trading: Yes
📋 Execution of orders: STP / ECN
⭐ Trading Features: Fixed time trading
🎁 Contests and bonuses: Yes

OlympTrade commissions and fees

The OlympTrade broker was founded and licensed in April 2012. The company launched a mobile version and an app in 2013. The broker founded the OlympTrade Academy and started providing fixed-time trading services to traders in March 2015.

OlympTrade has been verified by our contributors for both trading and non-trading commissions. The spread set by the broker is considered a trading commission, additional fees for depositing funds or withdrawing funds are considered as a non-trading commission.

Account Type Spread (minimum amount) withdrawal commission
Real Depending on transaction amount and leverage No

Olymp Trade detailed review

The OlympTrade broker is relatively new to the market: it has been providing binary options services since 2014.

In the first year of active work, OlympTrade was recognized as one of the most popular trading platforms.

The company is in the process of providing traders all over the world with the most profitable and comfortable trading conditions.

OlympTrade is a member of the International Finance Commission (IFC). The IFC also regulates the broker's activities, guarantees the interests of clients and monitors the company's compliance with all requirements.

If OlympTrade fails to fulfill an obligation to its clients, the broker will be deprived of accreditation to provide financial services.

Some numbers that might be interesting for traders choosing a broker:

  • More than 60 million user accounts
  • $211 million monthly turnover
  • $16 million average monthly payments
  • 3 years of successful performance in the options market;
  • 3 international awards;
  • 5 minutes to open an account with a broker;
  • $10 is the minimum deposit amount;
  • The support service responds to customers in 10 languages;
  • Users automatically receive $10.000 deposited into their demo account upon registration;
  • Qualified support service operates 24 hours a day;
  • More than 60 trading instruments for traders;
  • That's over 296 hours of all training videos.
  • Olymp Trade offers fixed-time trading for both beginner and professional traders

Olymp Trade is one of the leaders in the fixed-time trading market in the world.

The broker offers its clients comfortable and profitable trading conditions irrespective of their trading experience.

The company makes fixed-time trading cost-effective.

The advantages of this broker are a minimum deposit of $10, which can be paid by any novice trader, and also a simple registration system.

All you need to get started is 5 minutes of your time to register. Verify your account using your phone number and email.

The company offers customers STP accounts and ECN. This means that all customer transactions are sent directly to the interbank market and there are no intermediaries in the trading process.

These types of accounts require high speed of order execution and asset liquidity.

It is also worth mentioning the platform convenient interface, its stable operation and the speed of transactions. You can configure one-click trading in the terminal if needed.

The broker has prepared a “strategies” section for inexperienced traders, where you can familiarize yourself with the most effective and common trading strategies.

OlympTrade also allows the use of automated trading programs (EAs, indicators, etc.), which you can install on the MT4 platform yourself.

Advantages:

  • Quick and easy registration procedure; The process will take no more than 5 minutes.
  • intuitive interface. Olymp Trade platform makes things better as much as possible for comfortable work;
  • The low minimum deposit is just $10. Everyone can try a hand in trading;
  • A variety of training and analysis materials are accessible. Olymp Trade provides advanced training information for experienced and novice traders;
  • There is no commission for withdrawing funds and replenishing. The broker makes all payments to banks and electronic payment systems;
  • Trading can be carried out either on a PC or on a mobile device. To trade, you just need stable internet access;
  • There are practically no delays in the trading terminal;
  • Support service works 10 hours a day and responds in XNUMX languages;
  • the negotiation of Forex with OlympTrade it is available daily, including weekends;
  • A large number of additional materials: daily and weekly commentary, news from the trading platform, lifestyle, money management and trading psychology.

How to start profiting on OlympTrade— A Guide for Traders

The OlympTrade broker was founded and licensed in April 2012. The company launched a mobile version and an app in 2013. The broker founded the OlympTrade Academy and started providing fixed-time trading services to traders in March 2015.

Go to the broker's official website and open a personal account to start working with OlympTrade.

The broker offers clients three types of accounts — demo, real and an account for the MetaTrader 4 platform.

You can fund one of the accounts using cards and electronic payment systems.

Types of OlympTrade Accounts

Account Type Description
demo account A demo account can be used by both novices and professionals. This is the best way for a novice trader to train and gain experience in trading. Using a demo account, a professional market participant can test new trading styles and strategies and to identify the most effective and profitable ones. There is no need to invest a dime to start working on such an account. Also, immediately after registration, you will receive $10.000 in a demo account and can use it for educational purposes.
real account This account offers the same options as the demo account. The only difference is that it allows you to win and lose money. One of the following must be assigned after registration: Starter, Advanced or Expert. Each has its own advantages. After a real account registration, you can change your account status by depositing the minimum amount to the selected account.
Starter The status is intended for novice traders. Make a minimum deposit of $10 to get started. If necessary, this amount can be increased, but you need at least $10 to start trading. The maximum yield is 82%, the maximum number of open transactions is 10, and the maximum transaction amount is $2.000. You will have access to training with basic materials.
Advanced This status is perfect for traders who have trading experience. A deposit of at least $500 to activate status. The transaction profitability can be up to 84%, and you will receive 2 assets with higher profit margins. In this account, you cannot open more than 20 transactions and the maximum transaction amount is $3.000. Except for the basic training materials, you will have access to 7 unique trading strategies, 1 personal analyst consultation per month and access to 1 private webinar per week and access to personalized material.
Expert This status is intended for professional traders. A deposit of $2.000 or more. The profit margin is up to 92%; the client receives 6 assets with higher profit margins. You can open up to 30 orders with the Expert account. The maximum transaction amount is $4.000; In addition, you will have access to all closed training materials, trading signals and also 1 consultation from a personal analyst, access to 3 closed webinars per week, 15 unique trading strategies and trading ideas.
Account for МТ4 This account is intended for users who prefer standard Forex. The registration process is no different from opening an account, but you will use MetaTrader4 as your trading platform.

Bonuses paid by OlympTrade

The OlympTrade broker was founded and licensed in April 2012. The company launched a mobile version and an app in 2013. The broker founded the OlympTrade Academy and started providing fixed-time trading services to traders in March 2015.

The broker offers all registered customers the use of the bonus.

You can increase your capital twice after opening a real account.

Just make a deposit for an amount above $10. You can get a bonus within an hour of opening an account.

Any amount deposited will be automatically increased and can be used for trading. The broker has no trading contests and tournaments. 

Olymp Trade helps users to improve their skills. The broker also provides clients with the “Training” section, which contains 296 hours of training material.

Information available in the “Training” section

  • Recordings of webinars and announcements of upcoming lectures
  • Analytical materials
  • tutorials

Information not on the OlympTrade website

  • Trader's Glossary

To increase the efficiency of the training, it is recommended to apply the acquired knowledge in practice using a demo account simultaneously with the study of theory.

It can be used both by a new trader for training and by a professional to test out a new trading strategy or trading style.

Practicing on a demo account helps you gain the necessary experience and avoid possible losses.

Security (protection for investors)

The OlympTrade broker was founded and licensed in April 2012. The company launched a mobile version and an app in 2013. The broker founded the OlympTrade Academy and started providing fixed-time trading services to traders in March 2015.

The broker is a member of the International Finance Commission (FinaCom). OlympTrade is regulated by this authority.

The organization not only regulates the provision of financial services but is also a consumer protection organization.

In any legal conflict, the International Finance Commission regulates the matter following technical and legal principles.

Olymp Trade must meet several established requirements to obtain an International Finance Commission license.

In the event of non-compliance with its legal obligations to the regulatory body, the broker's license to provide financial services will be revoked.

Advantages:

  • A certificate of provision of financial services is issued by an international regulatory body
  • Regulation fixing the relationship between a brokerage firm and a customer (trader)
  • The International Financial Commission regulates conflicts between a broker and client

Disadvantages:

  • The company is accredited by only one regulatory body

OlympTrade Withdrawal Options and Fees

  • The broker does not charge clients non-trading commission for depositing and withdrawing funds. OlympTrade does not charge a commission for its services.
  • You can deposit and withdraw funds at Olymp Trade using bank, Visa and MasterCard cards, as well as electronic payment systems like Neteller, WebMoney, etc.
  • Payment systems and banks charge a commission from the customer when withdrawing funds. All costs will be paid by the OlympTrade broker.
  • The processing time for a withdrawal request takes from a few minutes to two days, depending on the status of the real account. Application processing for initial accounts takes up to 2 days, for advanced accounts only 1 day and for Expert accounts up to several hours.
  • Withdrawals are made in two currencies: USD and EUR.
  • The broker does not set a minimum amount to be withdrawn to a person's account. The customer must independently determine the minimum amount of payments.
  • Verification of your account using your phone number and email to withdraw funds.

OlympTrade Customer Support Service

The OlympTrade broker was founded and licensed in April 2012. The company launched a mobile version and an app in 2013. The broker founded the OlympTrade Academy and started providing fixed-time trading services to traders in March 2015.

OlympTrade support service is ready to help you 24 hours a day. Qualified experts are always ready to help a trader.

Advantages:

  • Support service works 24 hours a day, 7 days a week
  • Help is provided by qualified personnel
  • Immediate response speed takes about 15 minutes
  • Support service responds in 10 languages

Disadvantages:

  • Customer support takes a long time to respond

You can contact Olymp Trade support service as follows:

  • Call the telephone numbers indicated on the website;
  • By email;
  • Online chat on the broker's website;
  • “Request a call back” in the “Help” section;
  • "Personal Analyst".

Contact us

registration address First Floor, First St. Vincent Bank Ltd, PO Box 1574, James Street, Kingstown, Saint Vincent and the Grenadines
Regulation
Official site
Contact us

OlympTrade Personal Cabinet Review

To make your view of Olymp Trade comfortable, we offer you to familiarize yourself with the registration procedure and take a virtual tour of your personal account.

If you already have an account with OlympTrade, go to the broker's homepage and click on the “Login” button.

The OlympTrade broker was founded and licensed in April 2012. The company launched a mobile version and an app in 2013. The broker founded the OlympTrade Academy and started providing fixed-time trading services to traders in March 2015.

Then enter your email and account password. You can also log into your account using your Google or Facebook accounts.

The OlympTrade broker was founded and licensed in April 2012. The company launched a mobile version and an app in 2013. The broker founded the OlympTrade Academy and started providing fixed-time trading services to traders in March 2015.

If this is your first time on the broker's website, click on the “Register” button.

The OlympTrade broker was founded and licensed in April 2012. The company launched a mobile version and an app in 2013. The broker founded the OlympTrade Academy and started providing fixed-time trading services to traders in March 2015.

After clicking, there is a mini-questionnaire that will open on the right side of the screen, where you will have to enter your personal data: name, e-mail, telephone, password and select the currency of the account.

You can also register using your Google or Facebook account.

The OlympTrade broker was founded and licensed in April 2012. The company launched a mobile version and an app in 2013. The broker founded the OlympTrade Academy and started providing fixed-time trading services to traders in March 2015.

After entering all the data, click the “Register” button, and now you have access to your personal account.

The OlympTrade broker was founded and licensed in April 2012. The company launched a mobile version and an app in 2013. The broker founded the OlympTrade Academy and started providing fixed-time trading services to traders in March 2015.

By the way, your personal account is also a web platform for trading.

In the upper right corner of the screen, find the profile settings, where you can enter your personal data (name, email address, phone number, upload an avatar) and secure your account using two-factor authentication and a password complex.

The OlympTrade broker was founded and licensed in April 2012. The company launched a mobile version and an app in 2013. The broker founded the OlympTrade Academy and started providing fixed-time trading services to traders in March 2015.

Find platform settings and additional features on the left side of the screen. There you can find your transaction details.

The OlympTrade broker was founded and licensed in April 2012. The company launched a mobile version and an app in 2013. The broker founded the OlympTrade Academy and started providing fixed-time trading services to traders in March 2015.

Here is the “Help” function, where you can contact support service, analyst or assistant, as well as find the knowledge base and learn about OlympTrade. Find training materials here.

The OlympTrade broker was founded and licensed in April 2012. The company launched a mobile version and an app in 2013. The broker founded the OlympTrade Academy and started providing fixed-time trading services to traders in March 2015.

The left sidebar also includes the Settings button. Here you can adapt the platform interface as you wish and select the programming settings necessary for the operation.

The OlympTrade broker was founded and licensed in April 2012. The company launched a mobile version and an app in 2013. The broker founded the OlympTrade Academy and started providing fixed-time trading services to traders in March 2015.

In addition, the “next” button is located on the left side of the screen, where you can set up your work profile, deposit and withdraw funds, read the broker's blog and watch webinars. There is also an economic calendar, analytics and data on your transactions.

OlympTrade_logo

50%
of Bonus

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*Your capital may be at risk
Investing in Forex, CFD and FX options involves substantial risk of loss and is not suitable for all investors.

Summarizing about OlympTrade

To conclude, we can say that the OlympTrade platform is one of the best brokers that provide their own simple and easy-to-use trading platform.

Olymp Trade provides streamlined technology and a simple interface that helps traders master winning trades.

It has several trading tools that help traders maximize their profit potential by trading on the platform.

It is the best option for new traders who want to learn about trading. This platform also offers training and useful educational materials for investors who want to start trading on the platform.

The OlympTrade broker was founded and licensed in April 2012. The company launched a mobile version and an app in 2013. The broker founded the OlympTrade Academy and started providing fixed-time trading services to traders in March 2015.Frequently Asked Questions about OlympTrade

 

Why is verification necessary?
Verification is dictated by financial services regulations and is required to ensure the security of your account and financial transactions. Please note that your information is always kept secure and is used for compliance purposes only. Here are all the documents needed to complete the account verification: — Passport or government issued ID — 3D selfie — Proof of address — Proof of payment (after depositing funds into your account)
When do I need to verify my account?
You can freely check your account whenever you want. However, it is important to remember that once you receive an official verification request from our company, the process becomes mandatory and must be completed within 14 days. Verification is usually requested when you attempt any type of financial transaction on the platform. However, there may be other factors. The procedure is a common condition among the most trusted brokers and is dictated by regulatory requirements. The purpose of the verification process is to ensure the security of your account and transactions, as well as meet anti-money laundering and KYC requirements.
In which cases do I need to complete the verification again?
1. New payment method. You will be prompted to complete verification with each new payment method used. 2. Missing or outdated version of documents. The company may request missing or correct versions of documents needed to verify your account. Other reasons include if you want to change your contact information.
What documents do I need to verify my account?
If you want to verify your account, you will need to provide the following documents: status 1. Verification before deposit. To verify your account before depositing, you will need to submit proof of identity (POI), a 3D photograph of identity and proof of address (POA). Situation 2: verification after deposit. To complete verification after you have deposited money into your account, you will need to submit proof of identity (POI), a 3D photograph of identity, proof of address (POA), and proof of payment (POP).
What is identification?
Completing the identification form is the first step in the verification process. It becomes necessary after depositing $250/$250 or more into your account and receiving an official request for identification from our company. Identification only needs to be completed once. You will find your ID request in the upper right corner of your profile. After submitting the identification form, verification can be requested at any time. Please note that you will have 14 days to complete the identification process.
Why do I need to complete the identification process?
It is necessary to verify your identity and protect your deposited money from unauthorized transactions.
What is two-factor authentication?
2FA two-factor authentication is an extra layer of security for your business account. It is a free step where you need to provide additional information such as a secret SMS code or a Google Authenticator code. We recommend that you enable two-factor authentication to ensure your account is secure.
Two-factor authentication via SMS
To configure two-factor authentication via SMS: 1. Go to your Profile Settings. 2. Select 2FA authentication in the Security section. 3. Select SMS as the authentication method. 4. Enter your phone number. After that, you will receive a verification code. Enter it to enable two-factor authentication via SMS. From now on you will receive a password via SMS every time you log into your account. Please note that you can request a verification code a maximum of 10 times within a 4 hour period using a single user ID, IP address or phone number.
Two-factor authentication via Google
To set up two-factor authentication using Google Authenticator: 1. Install a Google Authenticator app on your device. Log in using your email address. 2. Go to profile settings on the trading platform. 3. Select 2FA in the “Security” section. 4. Select Google Authenticator as the authentication method. 5. Scan the QR code or copy the password created to link the Google Authenticator app to your platform account. You can disable Google authentication or switch to SMS authentication at any time. From now on, Google Authenticator will generate a unique 6-digit password every time you log into your trading account. You will need to enter it to login.
strong password
Create a strong password that contains uppercase and lowercase letters and numbers. Do not use the same password for different websites. And remember: the weaker the password, the easier it will be to hack your account. For example, it will take 12 years to crack the password “hfEYZ3+lBI”, while it only takes 2 minutes to crack the password “07028993” (date of birth).
Email and phone number confirmation
Recommendation is that you confirm your phone number and email. Doing this will increase the security of your account. To do this, go to profile settings. ensure that the email specified in the Email field is the one that is linked to your account. If there is any error in it, please contact the support team and change the email. If the data is correct, click and select “Continue”. You will receive a confirmation code in the email you provided. Type the. To confirm your mobile phone, enter it in your profile settings. After that, you will receive a confirmation code via an SMS text message, which you will need to enter in your profile.
archiving an account
A trading account can only be archived if all 3 of the following conditions are met: 1) There is more than one real trading account. 2) There is no balance remaining in the account. 3) There are no active trades related to the account.

 

 

 

5 / 5 - (4 votes)

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