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 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 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

Does olymp trade in Nigeria?

Sunny   2 April, 2020  

Hi there! Yes, the platform is available there. Best regards, Olymp Trade team.

Olymp Trade   7 April, 2020

Hello at Olymp Trade. I am a beginner and I would like to try you guys out since I notice you care about customer's reviews. May I please get your website and a live chat. Do you work in SA?

Minenhle Sindane   1 April, 2020  

Hi, Minenhle! Yes, we work in SA! You can find all the information you seek for on Olymp Trade dot com. The live chat is available in the "Help section". Best regards, Olymp Trade team.

Olymp Trade   7 April, 2020

Does Olymp trade works in Zimbabwe?

Tyson   27 March, 2020  

Hi there! Yes, we work in Zimbabwe. Best regards, Olymp Trade team.

Olymp Trade   30 March, 2020

I like that Olymp trade doesn't fail even when there's a market turmoil. You can always work with any amount and any number of trades, and this allows you to earn even with high volatility. I think that's a great indicator.

Johan Arendse   26 March, 2020  

I like trading with olymp trade, the company has a great platform for trading forex and options. Also, right now they have launched the mt4 platform, another great opportunity of investment.

Carol   26 March, 2020  

Carol, hi there! Thank you for the feedback. We hope you like MT4, waiting for your opinion about it! Best regards, Olymp Trade team.

Olymp Trade   30 March, 2020

From my experience, I must say that Olymp Trade is not fake or fraud. But I always loss money because of my emotions and greediness to earn my profit quickly. So , it is the best platform in the world to earn money honestly for those people who are able to control their emotions while trading with a good stategy.

Raktapadma Batshaba.   26 March, 2020  

They steal your money. Olymp trade is a big scam. They are sly and the customer service is terrible. It took me a couple of months to find out my account was being manipulated.

koorosh   26 March, 2020  

Hello! It's a pity that you've made such an opinion. 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" section of the sidebar on olymptrade.com. We have no aim or even oppurtunity to influence the chart. Best regards, Olymp Trade team.

Olymp Trade   30 March, 2020

Olymp trade is only a scap. Trading in this platform is totally a manipulated game. These rascals will finish you financially. They gave me a expert status after I lost 25000 USD in this platform. Stay oway otherwise oneday you will be on road.

Yashvinder   25 March, 2020  

Hello there! Thank you for reaching out. Tell us, please why did you make such an opinion? Olymp Trade is a reliable platform and we transmit to the platform the quotes of the largest international sources. Did you face any difficulties trading on our platform? Best regards, Olymp Trade team.

Olymp Trade   30 March, 2020

Olymp trade is just a smooth loot account. Once involved in this account, 100% chances are to loose or waste your hard earned money to these international scammers. So please beware of such sites, apps and bad elements who spoil your life and hard earned money. Quit immediately. Beware of such scammers.

Tarun Kumar   16 March, 2020  

Thank you fo the review! Please, specify why did you make such a conclusion? Have you experienced any difficulties? Please, describe your problem and provide your ID on our platform, we'll try to help you. Best regards, Olymp Trade team.

Olymp Trade   18 March, 2020

I tried using VISA card to deposit but it keeps declining so kindly help me. account number 55589334EUR

Adzakpa Theodora   14 March, 2020  

Hello dear! Kindly contact us in online chat on the platform to provide the screenshot of an error and first 6 and last 4 digits of the card. We'll handle your problem! Best regards, Olymp Trade team.

Olymp Trade   16 March, 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

Reviews & Comments

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