FXTM information and reviews
IronFX information and reviews
Libertex information and reviews
FXCC information and reviews
Markets.com information and reviews
FxPro information and reviews

Olymp Trade Review and Information 2021

Olymp Trade Information and Review Olymp Trade
Registration Open Account Now
Rating 69 %   31 %
Reviews Rating
Regulation IFC
Trading software Olymp Trade platform
Headquartered Saledo Global LLC, First Floor, First St. Vincent Bank Ltd Building, P. O Box 1574, James Street, Kingstown, St. Vincent & the Grenadines

Olymp Trade is an international IFC regulated online trading platform that has offered its services since 2014. Olymp Trade offers trading Cryptocurrencies, Currencies, Commodities, Indices and Stocks on Olymp Trade platform with deposits starting from just as low as $10, one of the lowest market entrance costs in the industry, and leverage up to 100:1. The company has 20 mln. customers worldwide.

The “Olymp Trade” brand belongs to Saledo Global LLC, 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.

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 2021

WWW https://olymptrade.com/
Address Saledo Global LLC, First Floor, First St. Vincent Bank Ltd Building, P. O Box 1574, James Street, Kingstown, St. Vincent & 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
Maximum Leverage 100
ECN, $
STP, $
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
Available assets 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 Reviews and Comments

How can I earn more from fixed-time trading?
  19 Oct 2021  
Hello, Leandro Sanches! Thank you for writing to us. We recommend that you start by learning and practicing on a demo account. Experience and knowledge will help you find your trading style and make the right decisions. In our section "Education" you can find the necessary information. We wish you a lot of success! Best regards, Olymp Trade team.
Olymp Trade   20 Oct 2021
I chose this broker for cryptocurrency trading. What’s more, I combine Forex and fixed-time trading. I work on M5-M15 in the fixed-time and trade as a Forex trader on M30-H4. Sometimes I lose on smaller timeframes, but that’s acceptable for me because I use fixed-time to spot major moves lasting for days.
  18 Oct 2021  
Hello dear, Gaurav Wali! Thank you for taking the time to share your experience with us. It's valuable to us. It is important to follow the main movements in the market. You have an interesting trading style. We hope that it will bring you a high income. Wish you lots of success. Best regards, Olymp Trade team.
Olymp Trade   19 Oct 2021
I personally can't trade wihtout any support. For me, actually, support plays a big role, I feel the energy boost when I feel the support from trading community. I'm really glad that this broker offers trading community where you can easily share your opinion or ask a question and you quickly will get a respond. I believe that such kind of communities must be provided by any broker, bcause it help trading activity a lot. Moreover, I want to add that this broker is regulated by several well-known regulators. This fact makes traders to trust this broker and never doubts in its competency. So, no complaints, just pleasure.
  23 Sep 2021  
Hi there, Alan Cervantes! Thank you for taking the time to share your impression with us. We are very pleased to read that you have appreciated the positive impact of our large trading community. We truly understand how important it is not to feel isolated in case any questions arise. It is exciting that the support from the trading community gives you an energy boost. Best regards, Olymp Trade team.

Olymp Trade   24 Sep 2021
Hi there, Alan Cervantes! Thank you for taking the time to share your impression with us. We are very pleased to read that you have appreciated the positive impact of our large trading community. We truly understand how important it is not to feel isolated in case any questions arise. It is exciting that the support from the trading community gives you an energy boost. Best regards, Olymp Trade team.
Olymp Trade   27 Sep 2021
Really Disappointed! And not fair! On august 12th I opened an account in Olymp Trade and Deposit 500 USD same day I start trading and got 300 plus profit. On august 14th They send me and email saying “Dear Client, During the verification of your trading account, it was determined that you have several accounts registered on the platform.” And they blocked my trading account. But this is the first time I start trading and I don’t have any trading account under them or any other brokers. They said they will not give my profit 300 usd and my deposit 500 usd will be Refund in 10 working days. I verified my trading account twice and they keep on saying me verify my account and I’m not in position to do. Today is 27th working day still I did not receive my deposit money. On September 05th I got Covid positive and still in the hospital support of Ventilates. I send hospital letters for proof and I mentioned I need my deposit money at least, since I don’t have any income I need to support my hospital expenses. I sent many emails still no reply. This is not fair at all. I’m asking to refund my deposit money. I’m helpless now. Please help me. I can proof my above statement 100%.

  22 Sep 2021  
Hello dear, Ali. Thank you for sharing this with us. Blocking access to the trading terminal is a very serious measure that is taken only when the platform's service agreement breaches are violated. Please, specify your account ID number so we can look up the information in our system and give you a full and detailed answer. We also wish you a speedy recovery! Best regards, Olymp Trade team.

Olymp Trade   23 Sep 2021
Being a newbie I appreciate that olymp trade has a decent educational center full of useful information about trading. I mean that there are lots of different articles which cover many sides of trading including different indicators and oscillator descriptions and trading strategies which use them. It is of vital importance for a beginner to have access to plain and reliable information which will make the start easier. Apart from articles there are also different video tutorials and webinars which will help improve trading knowledge and skills.
  20 Sep 2021  
Hello, Nay Iyengar! Thank you for sharing your positive feedback with us. It is great to know that as a beginner you appreciate the vast educational base provided by the Olymp Trade platform. We are delighted that the informative articles, descriptive video tutorials and webinars help improve trading skills and enhance your knowledge. Wish you lots of success on your way to professional trading! Best regards, Olymp Trade team.
Olymp Trade   21 Sep 2021
With OlympTrade, you don't have to worry about being cheated. This platform is reliable and solvent. Another thing is if the trader himself doesn't know how to trade and loses his money. As an experienced trader I can say that this factor is very important. I mostly trade here, the returns are up to 85% and it's better to spend more time here than with other brokers. What assets do you trade best with Olimp Trade?
  9 Sep 2021  
Hello there, Everton! Thank you for taking the time to leave a review. It is wonderful to know that we have earned your trust. Our traders have different previous experiences and knowledge backgrounds, which is why we maintain a vast educational base and offer prompt support in case any questions or difficulties appear. Best regards, Olymp Trade team.
Olymp Trade   10 Sep 2021
First of all, I'm a real human. Not a robot or bot or whatever. Direct to the point, I love Olymp. Really. Not a scam. They're legit. They pay. But there are things that made me want to go. I rarely write reviews but since I loved Olymp; I'll write about it. Never judge me after I write this. Everybody is unique. They have their own story to tell. Also, I want to share my experience because I might transfer to my old broker. Like it's a farewell review haha. It's a 3.5/5 for me. What I love about them is the Forex trading platform. FTT is fine, since I have been in my old FTT broker that has 15 sec time frame (which I realized, after 3 months, was very risky so I used 1-3 minutes time frame). I applied what I've learned from there to Olymp Trade. Didn't experience Forex from my old broker because they don't have it. That's the reason I loved Olymp. Tried forex for the first time. I was losing because of panic attacks, but I learned a lot from it. It's not a big deal since I have extra savings for trading. Olymp Trade is legit. They're real. And of course, they pay (most readers would read this). But I do have, sometimes, a problem with withdrawal; but a minor thing. So why did I rate them 3.5 out of 5 stars? 3.5 out of 5 is because of the "limits" of trading. Yep, you read that right. Try to avoid martingale strategy, as I'm still doing it; but rarely. 1. For Olymp FTT, it's really fine to have limits since the risk is very high. Like waaay too high. I usually trade $100-$1000 per trade (please don't try this if you don't have any extra money for investments). The same I usually do in my old broker; $100-$1000 per trade. Until Olymp gave me "limits" to FTT. I'm disappointed but they do have reasons why limits are imposed. These "limits" are for "first timers" that can experience emotional distress. I did feel that; but with my old broker. Currently, I'm having a $125 limit in all FTT markets. Sad. It has been 2 or 3 weeks now. Still the same limit. How did it happen? They said only 10% of your total funds should be traded. And at least 10 minutes of time frame to avoid risk. I do use 40%-100% of my funds. Once I lose, no problem; I deposit again my "investment savings" I earned & saved from my old broker. I am a person who does not deposit $10,000-$30,000 in a broker for one time. I have my own money management; just in a bank. On the other hand, 10 minutes time frame. I just can't stay 10 minutes for a trade because volatility is your number 1 enemy. I usually do 1-6 minutes time frame. Depends on the trader how they see the volatility of a market. So yeah, that's why I got limits. I have been limited by their automated system that detects aggressive traders and putting it "all in" in a single trade. 2. Now here is the most thing I've been disappointed with. Limits in Forex trading & missed opportunities. I've been doing it for 3 weeks now. At first, I had a problem with panic attacks. Eventually, I overcame it. Good thing that you can pull out your trade anytime. And the best thing is the stop loss feature of Olymp. To cut the story short, I again have limits on Forex. Oh my god. Really? Spending most of my time doing research and technicalities of currencies (my favorite) and doing trial & errors (but with real money). Out of 10 technicalities, there is 1 that got me and boomed like wow. Made a lot of profit from that single trade. The rest was like, "Nah I'll pull it out once it has $0.00 loss". But before that, I'd pull a lot of trades losing $500, $300, $700 and etc; which is fine for me. Experience is the best teacher. But after that was like the best trade I've ever made. Profited more than $10,000 in 3 days. Since i got overwhelmed of the profit, I pulled it out so that I can use these profits to invest in other markets (as I researched and studied as well). No need to deposit my extra savings every time I lose. Then it starts from there. The big disappointment. Not big, but huge disappointment. Let's get straight to the point. I got a $1.00 limit to all Forex. After 1 or 2 days, I got a $3,500 limit. Let's do the math. For a multiplier (leverage) of x500, maximum trade is $7. For a multiplier of x200, maximum trade is $17.5. For a multiplier of x100, maximum trade is $35. For a multiplier of x50, maximum trade is $70. Really Olymp? After all those fun moments and days we had each other? Again I had LIMITS after profit? Imagine profiting more than $10,000 and getting trade limits of less than $100 for Forex. Absolute disheartening and I wasted time researching, learning, and doing technicalities for other currencies which I was supposed to invest all the profits I had. I don't have plans on withdrawing all the profits. I plan to invest it only for Olymp. But there goes the limits. How can a trader trade with such amounts of money with LIMITS? A trader just can't trade $10 if he has a $10,000 in his account. If he lose those profits, he lose. As long as there will be a formal letter or writing that; "I, myself, will be held responsible for the losses I face. Kindly remove all the limits." As simple as that. Eventually a person stops trading as soon as he loses. But be careful of your money management. Make sure that you are using extra money, not money for necessary purposes like payments for phone bills, house rent, car bills, etc. Anyhow, huge disappointment to me. Overall, Olymp is one of the best Broker that really pays. You deposit $10 and make a profit out of it. This broker is recommended for first time users only. I don't recommend it to experienced traders who had big investment earnings and to expect something big with Olymp. If you expect big, expect big limits as well. As for the opportunities in Forex, you will totally miss it. Why? It's because of the TRADING LIMITS. This is just for me. It's very difficult to start big in Olymp. You have to start small. That's why I really recommend this for first time users. For experienced users? Nope. Unless they have a feature that involves the consent of a user which he will be held responsible of his losses, then why not. I'll be loving Olymp for the rest of my life. Period.
  2 Sep 2021  
Hello, dear Marc! Thank you for sharing your experience in detail. We are sorry to hear that the trading limits have brought such emotional distress. We will take your feedback into consideration and transfer it to the relevant team. It is important for us to form long-term and trusting relationships with traders. The automated risk management system can limit trades to prevent possible heavy losses. Please, take time viewing the article on how to avoid trading limits. Please, also specify your account ID number in a comment section to this review. We would share your request with our support team so that you can receive more thorough information on your case. Best regards, Olymp Trade team.
Olymp Trade   6 Sep 2021
Same here. My limit is 2.91 USD since 31st August. Today is 20 Sept. There is no change in the limit yet. Seems this platform is not good for those who has gained some experience in trading.
SN   19 Sep 2021
Hello there, Marc! We are sincerely sorry that the trading activity is not going according to your plan. It may take different amounts of time for traders to remove the limits. If you are trading safely and efficiently, the limits will be lifted in the near future. Please try not to make transactions for more than 10% of your balance for several days and choose a transaction time of 10 minutes or more. These actions can help to remove the limit. We also recommend you to view a detailed article about trading limits. Best regards, Olymp Trade team.

Olymp Trade   23 Sep 2021
How can I get the Expert status?

  25 Aug 2021  
Hi, Peter! Thank you for leaving a question. Expert status can be achieved by topping up the account. It is available after making a deposit of $2000 or more. You can also collect enough experience points (XP) or get a special reward on our "Trader's Way" loyalty program. Experience points (XP) are received for every trade our traders make in a live account. For upgrading to an Expert Status, you need to accumulate 99 000 XP. If you need more details, please, let us know. Best regards, Olymp Trade team.
Olymp Trade   27 Aug 2021
You should deposit $2000.
Feroz Garg   28 Sep 2021
In order to become an Expert at the OlympTrade broker, it is necessary to gain (Experience Points or XP) for each completed trade on a real account. In this case, if you have closed trades with a profit, it will bring you more points.
Another factor that affects the amount of XP points you will receive, and that is the amount of the trade - if the amount is greater, then the amount of points you will receive will be greater. In order to become an Expert, you need to accumulate 99,000 XP. For experience points you can get a new status or confirm an existing one. Only there is one nuance, you can not get your status forever, every month it resets and you have to earn points again.
Eduardo Mascarenhas   11 Oct 2021
I've been saving up for a long time to make a deposit with this broker because I know very well that it is a reliable broker. This is a competent dealing center, real forex, not some kind of totalizator for quotes. The managers offer only high quality services. High service in conjunction with pleasant conditions - this is the feature and the advantage of this broker. When you trade here, you realize that you do not need to worry about the honesty - you won't get cheated. And this is not the first time I made sure of that. Recently there was a problem - when I closed a position an order did not work and I got a big loss. I immediately described the whole situation, showed screenshots and so on. I sent all this to the technical support. I thought that it would take at least a whole month to find out everything, but I was very surprised when I entered into my account the next morning and the money was returned for this loss. That's what this broker does honestly, he returns the money if the reason was him and not the trader.
  15 Aug 2021  
Hi, dear! Thank you for leaving such a positive review. We are glad to hear that you appreciate the high-quality service and pleasant conditions provided on the Olymp Trade platform. It is great that you have decided to contact our technical support to resolve the appeared issue. Indeed, our support team members are doing their best to provide quick and helpful resolutions in any occurring situation. Best regards, Olymp Trade team.
Olymp Trade   18 Aug 2021
Olymp Trade Forex has an excellent trading platform and that's a good thing. I like that everything is simple and clear here. Despite this, that great functionality and there is an opportunity to do good trading analysis!
  14 Aug 2021  
Hello there, Tabeed! Thank you for sharing your feedback with us. We are happy that you enjoy the Olymp Trade Forex mode. It is wonderful that you find the platform straightforward and functional at the same time. Best regards, Olymp Trade team.
Olymp Trade   18 Aug 2021
All Olymp Trade Reviews

Related Forex Brokers

# Forex Broker Year Status For Against Type Regulation Leverage Account
1FXTM Detailed information and reviewsFXTM2011937Broker, ECNCySEC, FCA, IFSC1000$100
2IronFX Detailed information and reviewsIronFX2010928MM, ECN, STPFCA, ASIC, FSCA, CySEC1000$100
3Libertex Detailed information and reviewsLibertex1997919MM, STPCySEC30$1
4FXCC Detailed information and reviewsFXCC20109010ECN, STPCySEC, VFSC500$1
5Markets.com Detailed information and reviewsMarkets.com20088911Market MakerCySEC, FCA, ASIC, FSCA, BVI FSC300$100
6FxPro Detailed information and reviewsFxPro20068812Broker, NDDCySEC, FCA, FSCA, SCB500$100
7OctaFX Detailed information and reviewsOctaFX20118614BrokerSVG500$50
8HotForex Detailed information and reviewsHotForex20108515BrokerCySEC, FSC, FSB, FCA, BaFin, DFSA1000$5
9XM Detailed information and reviewsXM20098020BrokerASIC, CySEC, IFSC888$5
10FXCM Detailed information and reviewsFXCM19997921BrokerFCA, ASIC, SFC, CONSOB, BaFin, ACP30$300
11AvaTrade Detailed information and reviewsAvaTrade20067624BrokerMiFiD, CBI, FSA, ASIC, SFB, BVI, ADGM, FSRA, CySEC400$100
12LegacyFX Detailed information and reviewsLegacyFX20127525STPVFSC, CySEC, NBRB, BaFin, FCA, FSP200$5000
13FP Markets Detailed information and reviewsFP Markets20057228ECN, STP, DMAASIC, CySEC500$100
14FreshForex Detailed information and reviewsFreshForex20047129ECNSVGFSA2000$1
15XTrade Detailed information and reviewsXTrade20037030BrokerIFSC400$1000
OctaFX information and reviews
HotForex information and reviews
XM information and reviews
FXCM information and reviews
AvaTrade information and reviews
LegacyFX information and reviews

© 2006-2021 Forex-Ratings.com

The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.