Olymp Trade - Forex Broker information, rating, reviews

Olymp TradeOlymp Trade website
Status
Regulation IFC
Trading software Olymp Trade platform
Headquartered Inlustris Ltd., James Street, Kingstown, First Floor, First St Vincent Bank Ltd Building, Saint 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 (OT) is focused on providing access to markets regardless of the size of the investor. OT began in 2014 but now has over 200,000 clients on their platform monthly. OT has no hidden fees or commissions, and no fees on deposits and withdrawals.

OT offers a wide range of currency pairs, commodities, and exchange traded funds to their clients. OT is recognized by both its clients and its peers as a superior brokerage service and was the Best Trading Platform of 2018 according Forex Awards.

OT clients trade Forex on a state of the art platform with customizable tools for analysis. OT is dedicated to the education of its clients providing free tutorials, access to professional traders, and other media in multiple languages and 24 hours a day customer service in 13 languages.

The International Financial Commission rates Olymp Trade as a Category A Broker. Another example that OT truly believes in giving its clients what they need for successful trading.

Olymp Trade trading information

WWW https://olymptrade.com/
Address Inlustris Ltd., James Street, Kingstown, First Floor, First St Vincent Bank Ltd Building, Saint 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
Markets in Details: 08 October 2019

The gloom of uncertainty in financial markets is getting worse this week. This morning the latest Brexit news caused the pound to slide...

Market analysis
Olymp Trade
Markets in Details: 02 October 2019

Trade outlook for the global economy is constantly affected by weakening exports and declining sentiment mainly caused by a discord...

Market analysis
Olymp Trade
Markets in Details: 26 September 2019

While major indices in the U.S. are in the black on Wednesday, the broad market is under pressure due to the impeachment news that speaker...

Market analysis

Olymp Trade
Markets in Details: 24 September 2019

UK officially entered a political crisis after its Supreme Court handed a legal defeat to Boris Johnson's government by ruling that the suspension...

Market analysis
Olymp Trade
Markets in Details: 23 September 2019

The market sentiment is taking a hit on Monday after U.S. President Trump called China a threat to the world and dismissed the possibility...

Forex Reviews
Olymp Trade
Markets in Details: 20 September 2019

After both the ECB President and EU President said the likelihood of a hard Brexit is increasing, the OECD has released its assessment that estimates...

Market analysis

Current Rating: 53 %, 47 %


Traders Rating:


Olymp Trade latest reviews

Yes, its looking good scope, but I have query that when I given withdrawl request it is not accepted more than 36 dollars. Is it true or how much amount we can withdraw per day and how many times per day. please clarify

RRK   22 October, 2019  

The platform is great but first time withdraws take lots of time. Wish they can experdite in that area

meaove   16 October, 2019  

Hello! Let us explain you how it works. When you deposit, the funds are credited instantly. It happens because you make a direct payment using your card number, CVV code and another information, so your bank or payment system sees that it is you and they do not need to recheck it. When we send money to you, your bank and payment system check the sender, making sure that everything is secure. It takes some time for this process to be completed. Our Financial Department also needs time for processing the withdrawal requests and issuing orders to the bank/payment systems. Most of the requests are processed within 24 hours. Best regards, Olymp Trade team.

Olymp Trade   18 October, 2019

Olymp is my favourite now! Love at first glance with the platform. I wonder why developers are incapable to develop such user-friendly interfaces in every field of life. The other aspects are fine too. Commissions are acceptable, orders execution is precise and fast. There are all necessary charting tools and indicators available. So basically, all is taken care of apart from your ability to ana-lyse market and control emotions.

Ordinerss   14 October, 2019  

Ordinerss, hello there! We are very glad that you are doing great with the platform, We will transfer your words to the developers, too. Hope to continue improving the platform for the benefit of our traders. Best regards, Olymp Trade team.

Olymp Trade   15 October, 2019

Glad you've chosen the same broker I did. In fact, I'm not even trading options with them any more. Do you know they offer FOREX as well? I really like it so far. It seems that this market is more liquid, and therefore broker can guarantee more precise and fast execution of our orders. You should give it a try! I was with Olymp for a long while and happy I don't have to change the broker to switch to forex. You know, there is so much scam nowadays, so if I have a chance to stick to the broker I found to be reliable, I'd prefer to do so.

Infames   23 September, 2019  

Infames, hello there! We have Forex, too. If this product is available in the country you trade in, you can see the "Forex" button in the platform menu. Press on the three stripes in the left upper corner, and find the button in the bottom of the menu. And enjoy Forex trading with Olymp Trade! Best regards, Olymp Trade team.

Olymp Trade   24 September, 2019

I've been doing the demo for quite a while. How do I go about doing the real thing

Kola   23 September, 2019  

Kola, hello there! Before switching to a real account, learn all the courses from the "Education". We also recommend to see the webinar "Psychology. Introduction to Money Management". Best regards, Olymp Trade team.

Olymp Trade   24 September, 2019

You have to make a deposit with minimum amount of USD10. After that you can change your platform to live account. The rest of the stuff is exactly the same as in the Olymp Trade demo account. That is why it is advisable for new traders to spend as much time as possible in the demo account. This can help with familiarization of the platform.

Baba Shrimp   14 October, 2019

The only thing you need to do is fund your account using your credit card or any other payment method suggested by Olymp. Then you will see the amount of you deposit reflected in the top right corner once you log in. There you can still switch between demo money and live trading account, so pay attention which one you will be using. Good luck!

  


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