Olymp Trade - Forex Broker information, rating, reviews

Olymp TradeOlymp Trade website
Status
Regulation IFC
Trading software Olymp Trade platform
Headquartered Smartex International Ltd. Suite 305, Griffith Corporate Centre P.O. box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines

Olymp Trade is an international online trading platform that has offered its services since 2014. The “Olymp Trade” brand belongs to Smartex International Ltd., which is registered in St. Vincent and the Grenadines. The company has 20 mln. customers worldwide and seeks to make Forex trading transparent and affordable to everyone. Activities are regulated by the International Financial Commission.

The company offers trading totally without spread, displaying only one price per each of the 42 assets. Apart from the currency pairs, this list consists of cryptocurrencies and metals.

Trading happens via a Web Platform, no need to install any software on your computer.

Intuitive interface of the platform makes Olymp Trade a particularly good choice for beginners. The trading charts are customizable into 4 views: area, bars, Japanese candlesticks and Heiken Ashi. For technical analysis 19 indicators are available.

The company can boast one of the lowest market entrance costs in the industry, the initial deposit being only 10 USD/EUR. The minimum transaction amount equals 1 USD/EUR, and leverage ranges from 1:5 to 1:200 depending on the asset category. The leverage is realized in a simplified form of a Multiplier rate.

 “Take Profit” and “Stop Loss”, the essential risk management tools are accompanied by a “Stop Out” feature, which prevents your losses from ever exceeding deposits. Trading automatically stops when your invested funds have been used up.

Olymp Trade customers can open Forex positions in a demo mode – the account is free and has 10,000 rechargeable demo units on the balance. Experienced traders have an option to be upgraded to VIP status with 2,000 USD/EUR deposit, and get access to exclusive strategies, a personal account manager, and some other perks.

Other trading terms include a competitively-sized and transparent commission for opening a position and a swap fee. For closing no commission will be charged. The trader has no extra costs when depositing or withdrawing money – as these will be borne by Olymp Trade.

The company offers a variety of payment methods: Visa and Mastercard, electronic wallets like Skrill, Neteller, etc., Bitcoin and local banks. Time of processing a withdrawal request is 24 hours on average for regular customers and several hours for VIP users.

Besides, Olymp Trade pays special attention to education – traders will find a lot of useful learning content on the company website, including articles, webinars and video tutorials on the important aspects of trading.

The technical support desk operates 24/7 – multilingual team of specialists, reachable via e-mail, phone and live chat, will always be there to respond promptly and efficiently.

The high quality of Olymp Trade services has been confirmed by 6 prestigious industry awards including Show FX World Prize and Forex Expo.

Olymp Trade trading information

WWW https://olymptrade.com/
Address Smartex International Ltd. Suite 305, Griffith Corporate Centre P.O. box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines
Headquarters St. Vincent and the Grenadines
Free phone +27 (21) 1003880 - Cape Town, South Africa +66 (2) 026-03-56 - Bangkok, Thailand +54 (11) 59175747 - Buenos Aires, Argentina
24 hour support
Partnership programs
Mobile trading
Demo account
24 hour trading
Digits after the dot in quotes
Minimum position size
Pip spread on majors No spread
Spread Type No spread
Leverage
ECN, $
Standard account, $ 10
Mini account, $ 10
Popular payment methods Credit Card, QIWI, Skrill, Webmoney, Bitcoin, Yandexmoney, Neteller, ePayments
Account currencies dollar, euro, ruble, Brazilian real, Thai baht, Chinese yuan
Other instruments Crypto-currencies, Currencies, Commodities, Indices, Stocks
Languages English, Thai, Indonesian, Portuguese, Spanish, Turkish, Vietnamese, Chinese, Arabic, Hindi, Russian
Platforms Olymp Trade platform
Broker type Broker
Regulation IFC
Foundation 2014
Bitcoin Forex Brokers
Olymp Trade
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Market analysis
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Markets in Details: 18 April 2019

Today, markets are focused on PMIs in the U.S., eurozone and Germany, as well as retail sales in the UK and the U.S. Despite strong economic...

Market analysis
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Markets in Details: 17 April 2019

Financial markets are expected to stay in the green today after the strong economic reports from China which suggests government efforts...

Market analysis

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Are CBs going to facilitate next run?

Despite the fact that World Trade Organization has cut its forecast for trade growth, the S&P 500 is 1.1% away from all-time highs. Markets seem to be ignoring...

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Markets in Details: 15 April 2019

The tussle between whether or not to hold a second public referendum in the UK continues as Jeremy Corbyn received threats, most recently...

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Markets in Details: 11 April 2019

U.S. equities closed neutral to slightly positive on Wednesday after central banks showed support to their economies by keeping both...

Forex Reviews

Current Rating: 59 %, 41 %


Traders Rating:


Olymp Trade latest reviews

My experience with them was a total bzzare. I would never advice anyone to trade with them. I deposited $32 to my account but never reflected. I sent them a message, and they asked me to provide an address for them to refund the money. I sent them the address, but they claimed they sent the refund to a different address. When I checked the address, it was the one their website generated for me to make the deposit, so they literally sent the money to their self if they really made the transaction. Why do you have to ask me to provide a refund address, but later send the money to a different address without asking me?

Excellentjohn   21 April, 2019  

I am happy with Olymp trade app so far you guys doing great job Olymp trade is good trading platform my only request to Olymp trade please add local deposit method for Indian traders if you guys add local deposit method for us this will help lot of Indian traders to deposit and withdrawal easily.

Arjun Kapoor   16 April, 2019  

Dear Arjun, thank you for the feedback! We are proud to know that you are satisfied with our platform! We will consider your wish about adding more payment methods. Best regards, Olymp Trade team.

Olymp Trade   17 April, 2019

My trading only limited to around 15-19 tradings per day. Wonder why this happen?

Kelvin   8 April, 2019  

Hi, dear Kelvin! Thanks for reaching out! There's an automated risk management system on our platform, which can set limits for trading. Limits are not related to the trading result, they are activated in case of coincidence of a large number of factors, such as: a certain style of trading, turnover and other factors which create the unique character of someone's trading. These limitations may be a signal that your trading became risky or agressive. To change the limit you can set the duration of the deal from 15 minutes and increase the interval between the deals. Only a calm and measured trade is the key to success! Best regards, Olymp Trade team.

Olymp Trade   9 April, 2019

Olymp trade is good and the best thing is we can start here trading with 10 dollars and get some free indicators too only thing missing is that they need to offer more deposit methods for Indian traders.

maryam   26 March, 2019  

Greetings, maryam! Thank you for the feedback! We are glad that you are doing good with the platform. We will consider your wish about adding more payment methods for Indian traders! Best regards, Olymp Trade team.

Olymp Trade   27 March, 2019

Olymp trade is good I like trading with this broker the bonus on deposit they offer really help new traders join olymp trade Pakistan facebook group and meet experience traders and learn trading on Olymp trade.

Hamza   20 March, 2019  

Hi, dear Hamza! Thank you for being the part of Olymp Trade! have a successful trading! Best regards, Olymp Trade team

  


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