Olymp Trade — Forex Broker Rating and Review 2020

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 100
STP, $
ECN, $
Standard account, $ 10
Micro 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

At first there was a bit of confusion when I made the deposit. I thought, I can take out the bonus that I got after making the deposit. But after being well explained by the customer support team, now I understand that bonuses could only be used for trading not to be withdrew. Well, that's fair enough I guess.

Val Ingred   14 January, 2020  

Val Ingred, hello there! Thanks for the feedback! Bonuses are used as a safety bag for traders, to help you continue trading when you're out of real funds. Unused bonuses can not be withdrawn. Best regards, Olymp Trade team.

Olymp Trade   16 January, 2020

Personally, I have had a very good experience with Olymp Trade. I recommend using online banking to do the deposit. It won't charged you any commission or any other hidden charges as well as it is very secure.

Bob Spalding   25 December, 2019  

Thanks for the feedback! You can use an electronic wallet such as Skrill or Neteller for making a deposit in the application or Visa/MasterCard. We do not charge any comission for operations, but it can be charged by the bank or other payment system. We wish you a successful trading!


Olymp Trade   27 December, 2019

Sujit, hello there! Verification is a standard part of each trader's life, as it is aimed to maintain secutity and transparency of financial operations on the platform. Sorry to hear that it takes so long, but maybe we can help you? Please, provide us the ID of your account, we will investigate your case and update you with the current status. Best regards, Olymp Trade team. - Please find my account Number #52795273

sujit   24 December, 2019  

We found the account using this number, the e-mail is "abidin8...". In this account we do not see any withdrawal or deposit requests as well as verification. Probably the number is incorrect?

Olymp Trade   25 December, 2019

Probably the biggest pro of Olymp is that you learn with them easily. You can find training videos and a bunch of tips not only on their official website, but also on YouTube (as well as a lot of Olymp traders post their own videos). This makes the learning process unobtrusive, as you can watch different videos on the way to work or during your leisure time. If you still don't understand something, there are a lot of forums where you can share your problem, get advice or an explanation. It gets easy with Olymp Trade. So if you want to trade it's easy to do so. However, I don't mean that it's free money, but if you pay a lot of efforts, you will reach success.

Stern   24 December, 2019  

The Query raised on 19 Dec 2019 was not still answered,how ever When it was once again contacted to the online support ,every time asking to wait as your account is under additional check.I don't know why it is happening from 28 Oct 2019 till now I found these answers and no resolution. So guys be alert from this binary platform. In trailing to earlier Query, I am trying from 28 Oct 19 to withdraw the money 500$ but till date of 19/12/19 the Answer is Your account is in additional verification. However I provided the Skrill verification screen shot online but there is no reply as per the policy 30 days are over. there is no conformation mail detail, why it is not credited in my account.Sending Smilies on every conversations. looks to total unethical trading platform. When it comes to pay the customer. When it has to be deposited it will get Immediately with initial verification details.

Sujit   23 December, 2019  

Sujit, hello there! Verification is a standard part of each trader's life, as it is aimed to maintain secutity and transparency of financial operations on the platform. Sorry to hear that it takes so long, but maybe we can help you? Please, provide us the ID of your account, we will investigate your case and update you with the current status. Best regards, Olymp Trade team.

Olymp Trade   24 December, 2019

Hi guys, did you see that Olymp Trade had updated the application? What do you think of this new update? Could you list the pros and cons? So far I liked it, but I think olymp trade was not very happy in the first update (before this one). But now, I like it and I am using it every day again. I look forward to.

Vinicius   19 December, 2019  

Good morning people. I see many people who have doubts about how to get bonuses on the Olymp Trade platform. There are 2 ways. The first is when making the first deposit on the platform, but only for new users. And the second is to participate in the brokerage promotions on Facebook or in your group. However, you have to participate in all promotions and dedicate yourself to winning!

Juvenal   17 December, 2019  

Hello there! Thanks for the feedback and have a successful trading! Best regards, Olymp Trade team.

Olymp Trade   18 December, 2019

That's strange asumptions I think. I think you have some negative experience with Olymp or other broker and now you think that there is any kind of programm that doesn't let you win and earn. Frankly, I know a lot of people that think that trading is easy and they will double their deposit in a few days. Of course, real trading is not about such things and it involves really hard work to achieve a result. So if you want to increase your profit you need to learn constantly and develop progressive and unique trading strategies. However, I think that 20% profit is also so good, as standard investments mean only 5-10% ROI. So it's a good number I mean.

Agaper   16 December, 2019  

Thank you for the review! We are very glad that you are satisfied with the platform. We aspire to provide qualified support and convenient user-friendly product. Hope to continue making platform even better for the benefit of our traders. Wish you success! Best regards, Olymp Trade team.

Olymp Trade   17 December, 2019

For me, Olymp Trade has long been the only platform for permanent trading. Initially, I used this broker because it had a demo account where I tested new strategies. But then I decided to completely transfer all my funds to Olymp Trade. I'm trading only with Olymp for 2 years and can frankly say that I'm totally satisfied with what they give me. A convenient platform that can be quickly mastered, withdrawals within 2-3 hours and a lot of ana-lysis tools. It is also beneficial to trade with small deposits, cause the company offers large multipliers up to x500. Professional traders will understand why a multiplier is better than a leverage. So the feelings are only positive.

Quseon   10 December, 2019  

Thank you or the detailed review! We are glad that you like our platform. Hope to keep it that way. Have a successful trading! Best regards, Olymp Trade team.

Olymp Trade   11 December, 2019

As a new trader, I am very happy that I have chosen the right broker to start my trading experience. OT offers a variety of facilities to please their traders. The educational segment for example has enough info for beginners like me. I recommend to all traders to get started in the education section first before starting any trading activities. It really helps.

Nelly Roland   7 December, 2019  

Thank you for the review and the useful advice to the beginners. Have a successful trading! Best regards, Olymp Trade team.

Olymp Trade   9 December, 2019
All Reviews & Comments
Olymp Trade Rating and Review

Olymp Trade Rating

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Olymp Trade Reviews Rating

Reviews Rating Olymp Trade - 5

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