Olymp Trade — Forex Broker Rating and Review 2019

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
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

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

Just want to know initial transactions are done with CC for Deposit and withdrawal, but later on why you are not enabling to the credit the money to CC

Sujit   28 November, 2019  

Thank you for your feedback! We are sorry for inconvenience. Our platform allows you to deposit and withdraw funds using a credit card. To handle the issue, we need more information regarding this case. You can contact us:
- via e-mail support-en@olymptrade.com; in live chat at www.olymptrade.com; in direct messages of our group https://www.facebook.com/olymptradecom/ We look forward to hearing from you! Best regards, Olymp Trade team.

Olymp Trade   29 November, 2019

Thank you for your feedback! We are sorry for inconvenience. Our platform allows you to deposit and withdraw funds using a credit card. To handle the issue, we need more information regarding this case. You can contact us in live chat at www.olymptrade.com or in direct messages of our Facebook group. We look forward to hearing from you! Best regards, Olymp Trade team.

Olymp Trade   2 December, 2019

Olymp Trade is a great platform. I have been trading forex for more than 2 year with them and I really like it. Now, they have updated the app and the desktop version, and it is even better. I like the interface and how the chart follows the market movements exactly as they are.

Igor   27 November, 2019  

Hello there! Thank you for your feedback, we are always thrilled to see such reviews! If you have any feedback in the future please do get back in contact with us. Best regards, Olymp Trade team.

Olymp Trade   29 November, 2019

Olymp Trade is the IT-platform for trading in the financial markets and compares favorably with the terminal of its own development, which differs from the solutions offered by competitors. Options for 47 assets are available for trading, including gold-backed trust funds (ETFs), cryptocurrency and gold-silver. In general, the broker is trustworthy and great for beginners due to the small minimum amount of replenishment and the amount of the transaction (10 and 1 dollar, respectively). The disadvantages include the fact that the company does not work in all countries, the service is unavailable for the US and EU residents.

Ajeet Kade   24 November, 2019  

Thanks for the review! We are glad that everything suits your taste. Wish you a successful trading! Best regards, Olymp Trade team.

Olymp Trade   25 November, 2019

I don't trust Olymp Trade anymore, the problems starts when you made profit and you want to withdraw, they will give you a lot of excuses until you give up.

Kristof   24 November, 2019  

We are sorry to hear such things. We always withdraw money to traders, because only you can make an order to deposit or withdraw. Please, tell us in detail wat happened, we will help you! Best regards, Olymp Trade team.

Olymp Trade   25 November, 2019

Actually, it's strange, because I've been withdrawing funds from this broker many times, and I've never had any problems. I can't say that these were large sums, but there were never any difficulties. In all the years at Olymp Trade they had a delay once, so they even wrote to me, and after a day the money came to the card.

Shabbite   5 December, 2019

Olymp gives a great opportunity for ordinary people like me to benefit from trading. Not they only provide minimum threshold affordable for people of any income level, but they also provide a basic education, so that we start trading with at least some background in how these markets work and how to predict price moves. Feeling grateful!

Ell Texier   15 November, 2019  

We are grateful for your review! All for the benefit of our traders ? Wish you a successful trading! Best regards, Olymp Trade team.

Ell Texie, hi there!   18 November, 2019

I know about Olymp Trade through my friends. At first I didn't trust this broker, but at the same time I also noticed that their Malaysian Facebook Community is very active. Anyway I tried it out. I made some profit and able to withdraw it successfully. I became more confident that the platform is reliable.

Along Cham   5 November, 2019  

Along Cham, hello there! We are proud to read such reviews. Hope to continue making you happy and satisfied with our services. Have a successful trading! Best regards, Olymp Trade team.

Olymp Trade   7 November, 2019

I think I've entered the same group a few months ago, but for some reason I don't see the new publications. Must have something to do with facebook settings. Need to change them. See you there in the group. I do have some ideas that I want to test at Olymp, but I'd appreciate hearing some opinions before I start trading those.

Snifieff   12 November, 2019

hi, i want to ask that from demo account to live account the trading is same nothing has been changed when you switch to live account because im trading with demo account and i profited 40 000usd for just 3 weeks.now i want to switch to live because they say there are lots of benefit also in live account

terence   5 November, 2019  

Thank you for your feedback, terence! The chart on the demo account and a real account is the same. To trade successfully you need to learn and practice a lot. We recommend you to visit our educational section and Youtube channel. Pay attention to the materials about trader's psychology. It will help you to control yourself and trade successfully! Best regards, Olymp Trade team.

Olymp Trade   7 November, 2019

Hello guys I humble request please don't use this app u will definitely loss your money and time both. This is not a trading it's only a hard programming your winning ratio only 20%.

Sandeep Sharma   4 November, 2019  

Hello there, Sandeep Sharma! It is a pity that you have made such a conclusion about our platform. Olymp Trade is a financial instrument, but the success of using it depends on you. All transactions on the platform are made at current market quotations, which are received on the platform directly from the supplier. In case you want to check the rate at a particular time, use the "Quotes history" section of the sidebar on olymptrade.com. Free educational materials and demo account are available for free and can help to improve the results: https://olymptrade.com/education/webinar We do not promise that you will become a good trader in a day. Success requires a lot of study and practice, and sometimes it may take months and even years. We will be happy to help you, we are interested in the successful trading of our clients! Best regards, Olymp Trade team.

Olymp Trade   7 November, 2019
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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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