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 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: 24 April 2019

Crude prices moved higher for the second session yesterday after Washington decided not to renew sanction waivers for countries buying Iranian oil...

Market analysis
Olymp Trade
Markets in Details: 22 April 2019

Crude prices continue to rise on the anticipation that the U.S. will end oil sanctions waivers on Iran oil imports on Monday in a bid to increase...

Market analysis
Olymp Trade
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

Olymp Trade
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
Olymp Trade
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...

Market analysis
Olymp Trade
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...

Market analysis

Current Rating: 55 %, 45 %


Traders Rating:


Olymp Trade latest reviews

Olymp Trade platform is more than suitable to invest with. I'd like to thank the whole team for their constant work in terms of improving the service. Personally I've been trading here for almost 3 years, so I can tell how many things have changed for the better, how strongly the platform has evolved since then. I'm growing together with them, working hard at improving my performance. And honestly, I really like the fact that the platform isn't static. It inspires me to invest and earn further with this very company, because, you know, what's the point in leaving for a different one?

Kazim   13 June, 2019  

Kazim, thank you for the feedback! We are glad that you like our platform and we will continue making it better for the benefit of our traders. Best regards, Olymp Trade team.

Olymp Trade   14 June, 2019

Olymp trade is working for me which is great. However, I would like to know if there could be better ways of deposit and withdrawal because transactions with bank cards sometimes get delayed. I hope this will improve so I can trade more.

Tony San Jose   8 June, 2019  

I had bad experience in olymp trade platform. I have not gained single profit from this platform but I like it because of option trade. I can't wait to withdraw my first gain from this platform. Really I don't know where I am getting it wrong. Though I'm badly in need of money now but still I take my time to study trends before I place my stake. Please what do I need to know and what do I need to do?

Vitalian Chibuike   8 June, 2019  

Tony, hi there! Thanks you for the review! We will consider your wish. Best regards, Olymp Trade team.

Olymp Trade   11 June, 2019

Hi. I like the options available in olymp trade but its so painful that I have not gained any. I can't wait to withdraw my first gain from this platform. I really do not know where the problem i s coming from. Most times I loose more than 4 stakes at a go. Sure I'm badly in need of money now but still I take my time to study trends before I place my stake. What do I need to know? And what do I need to do? I want to earn.

Vitalian Chibuike   8 June, 2019  

Vitalian, hi there! We understand how you feel, no one can become a successful trader in a day. To trade with profit you need to learn and practice regularly. We have compiled the best educational materials for free training. Take your time - study, practice, and soon you will be able to trade successfully! Best regards, Olymp Trade team.

Olymp Trade   11 June, 2019

trading experience with olymp trade is amazing I will recommend this to all new comers who want to start trading because with olymp trade you can really earn money

sanjay kumar   1 June, 2019  

sanjay kumar, hello there! We are very glad that you like our platform. It is truly an honor for us to be recommended by our traders.We wish you a successful trading! Best regards, Olymp Trade team.

  


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