Olymp Trade — Forex Broker Rating and Review 2020

Olymp TradeOlymp Trade website
Status
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 online trading platform that has offered its services since 2014. 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.

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 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
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
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

is olymp trade an ECN or market maker?

scam   31 May, 2020  

Hello there! Olymp Trade is not a liquidity provider. Our company uses quotes from the largest ECN sites, such as Currenex, Hotspot, Bloomberg Tradebook FX, Fastmatch, Gain GTX, FXAll, etc., and translates the weighted average value to the platform. Best regards, Olymp Trade team.

Olymp Trade   2 June, 2020

If you have decided to be a trader, then prepare yourself for what you simply will not have, because you will face a lot of certain difficulties, which you will have to work with yourself. In this case, a broker will not be able to help you directly, even if you have training videos, etc. Because you have to study it yourself and take it into account, learn to use it in practice. The responsibility first of all should lie on you, only in this case you will be able to start a business and make a profit that suits you.

Mukund Chaudhuri   30 May, 2020  

Thank you for the review! It is really nice to read such wise things. Trading as any other job requires responsibility. We wish you a pleasant trading with Olymp Trade! Best regards, Olymp Trade team.

Olymp Trade   1 June, 2020

I traded with this platform, but just when I am winning at the very last second the price turn reverse abruptly. and I am a loser. In this way, I already loss handsome bucks. I am sceptical that there was some interference from the other side to siphon-off my money. I was very sure to win in those trades, but it used to reverse. Can somebody set against my trading to let me loss?

Lalmuanthanga   30 May, 2020  

Hi, dear! The chart on the real account and demo is the same. All quotes are broadcast to the platform equally. Quotes are the direct stream of data which we can not influence. Our suggestion is that you trade for 1-5 minutes. In such a short time period the price can not change significantly. We advise you to make trades from 15 minutes and more to make your forecasts more accurate. Best regards, Olymp Trade team.

Olymp Trade   1 June, 2020

The platform of olymp trade is user friendly, but I am skeptical when I am using fixed time trading. When I put a trade, just when it is coming to my advantage to get the profit, it immediate reverse and I loss money. This happen many times. I feel that it had been manipulated from the other end. I might be wrong, but this cause me huge bucks.

lalmuanthanga   29 May, 2020  

lalmuanthanga, hi there! We understand how you feel. Please watch Youtube playlist to learn more about trading psychology. Best regards, Olymp Trade team.

Olymp Trade   1 June, 2020

I am Zambian who has heard so much about this platform, but I would like to find out if olymp trade is available in zambia, and if so, I would like to find out the steps into opening this account, as i am a beginner and which bank account I should open for me to start trading.

Andrew   28 May, 2020  

Hello there, Andrew! Yes, we work in Zambia. Please, open the platform site olymptrade dot com and click on "Create an account". After short registration open the "Help" section and watch short video tutorials. If any questions occur, use this section or contact our team via the "Support" button. We are to your service for 24 hours. On the "Deposit" page you'll see all available payment methods. You can use embossed bank cards Visa and MasterCard, as well as electronic wallets. Best regards, Olymp Trade team.

Olymp Trade   29 May, 2020

Olymp seems to be a nice broker. However, my major is that I started noticing a time delay when placing trades on binary options. You execute a trade and it keeps loading for about 6 secs before the trade is opened, which is very risky for fixed time trade. I chatted their customer care and they said its normal. This wasn't the case before.

Johnny   27 May, 2020  

Hi, Johnny! Thank you so much for being with us! Have a successful trading! Best regards, Olymp Trade team.

Olymp Trade   28 May, 2020

What can I say for myself about this company? It's simple - I've been trading here for about 3 years and I don't want to change anything. And why, if I have everything set up here, no changes in the service (which is done here periodically) do not interfere with me and do not harm. It seems to me that this stability, which is so lacking in many other companies.

Adrien   26 May, 2020  

Adrien, hello there! We are glad that everything suits your taste. We hope to continue making you happy with our platform. Have a successful trading! Best regards, Olymp Trade team.

Olymp Trade   28 May, 2020

I made a withdrawal of 105USD on the 5th of May, and I am yet to receive the money in my bank account. What is going on?

Ifeoma   23 May, 2020  

Ifeoma, hi there! Kindly contact our support team to get a tracking number of your withdrawal transaction. We are available in online chat on the platform ("Help" section) and on Facebook. We are waiting for your message to help you out! Best regards, Olymp Trade team.

Olymp Trade   25 May, 2020

I have trade on this broker a month ago. First. I deposit 50$ on my account. And i trade until i got 100$. But when i want to withdraw it. The System says - I have trading with robot, and they suspended my account and all of my fund. So don't invest on broker that you can't trust in it.

Robin freiss   21 May, 2020  

Hi, Robin! It's a pity that it happened to you. Unfortunately, without any data that could identify you, we can not investigate the situation here. However, if you disagree with the company's decision, you can apply to our reclamation department, describe the situation and request a further investigation. Kindly contact the team via claim@olymptrade.com. They'll help you! Best regards, Olymp Trade team.

Olymp Trade   25 May, 2020

I have been trading with Olymptrade for a while now and to be honest it's very good and convenient ,no issues with withdrawing infact it's the fastest compared to other brokers i previously dealt with.for some brokers it's easy to deposit but very hectic when it comes to withdrawing your hard earned money .Olymp is the best for me so far and i just hope they remain the same or change positively in the near future.

Simon   18 May, 2020  

Hi, Simon! Our team is pleased to read such reviews. Thank you and have a prosperous trading! Best regards, Olymp Trade team.

Olymp Trade   18 May, 2020

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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