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
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

My trading skills evolved with Olymp Trade. I came here relatively a newbie. And for a long time, I played on a demo account. I can't call it any other way. Then I started to learn more, moved to a live account, and started to earn slightly. One day, I understood that I can not realize all my knowledge on the Olymp platform. And then the company announced the launch of MT4! I'm quite satisfied.

Anil Tank   26 October, 2020  

Hello, Anil! Thank you for taking the time to leave a review. We are happy that your trading skills evolved with the Olymp Trade platform, we are always excited to hear that our traders grow with us. It is great that you have trained on a demo account before moving to a live one. It is also a pleasure to know that you are satisfied with the MT4 addition as you seek more knowledge and experience. Keep up the good work! Best regards, Olymp Trade team.

Olymp Trade   27 October, 2020

Personally, I like to trade with Olymp Trade. It's a regulated broker, which means you won't have any problems with it. When I only chose a brokerage, I looked at the regulator. And Olymp Trade didn't let me down in this respect. Now I have been trading with it for almost 7 months and I have no problems or complications with it. It does its work with high quality and maximum transparency. And I also really like that it has a lot of free training, which isn't limited to bana;l articles in which you don't understand anything. The broker also provides its clients with videos on YouTube (not only in English), webinars and so on. From the broker's side it's cool that it takes care of its clients educations. In this way, the broker provides its regular clients in the long term.

Barry Davis   20 October, 2020  

Hello, dear! Thank you for your delightful feedback. We are glad that you have made sure of our reliability and transparency in practice. The independent regulator indeed serves as a guarantor of our trustworthiness and we are glad that you have mentioned it. It is also great that you use the free training we provided and find it diverse and educational. We indeed strive to maintain long-term relationships with our traders and try to do keep the service on an excellent level. Have a prosperous trading! Best regards, Olymp Trade team.

Olymp Trade   23 October, 2020

I have just recently started working with Olymp Trade. So far I'm doing well, no problems have occurred. A brokerage has a lot of training, so it opens up new opportunities for me to expand my potential. I haven't really tried all the features and functions of a broker yet, but it surely has a lot of them. By the way, I know that Olymp Trade has a very cool app for mobile trading (many Forex forums write about it). But I myself haven't tried to trade on it so far. Is it worth giving it a chance?

Relixir   19 October, 2020  

Hello, dear! Thank you for your delightful feedback. We are glad that you have made sure of our reliability and transparency in practice. The independent regulator indeed serves as a guarantor of our trustworthiness and we are glad that you have mentioned it. It is also great that you use the free training we provided and find it diverse and educational. We indeed strive to maintain long-term relationships with our traders and try to do keep the service on an excellent level. Have a prosperous trading! Best regards, Olymp Trade team.

Olymp Trade   22 October, 2020

Hi there, Relixir! Thank you for your kind review. We are glad that everything is going smooth and unproblematic. It is perfect that our free training opens new opportunities to expand your potential. We strive to maintain all the functions required for professional trading in the mobile application, it is truly worth trying out. We keep receiving positive reviews on how our traders gain more mobility and achieve a possibility to trade more freely without depending on a PC. We understand that it is very important to make your own impression of the platform. We will be happy if you share your feedback with us after you try trading in our mobile app. Have a great time exploring all the features and functions that the platform provides and contact us if you have any questions or uncertainties. Best regards, Olymp Trade team.

Olymp Trade   22 October, 2020

In fact, today traders are no longer surprised by anything. Why? Because the market is saturated with a huge number of offers and in general you can find anything here. Probably that's why I Olymp does not cause much of butterflies in my tummy. But in general, I think it's possible to work here if you're really interested in working independently. For there are no pa ssive formats here which I personally consider to be out of control. The procedure of withdrawal is standard here.

Phuc Khan   25 September, 2020  

Hello there, Phuc Khan! Thank you for your honest feedback. We are sorry to hear that you are not excited about the platform anymore. The market is indeed overfilled with a large number of offers, but we strive to provide an excellent service and use every opportunity to exceed our traders' expectations. We value your opinion and encourage you to let us know more details about your experience with us. We would be happy to receive your recommendations on how to make the Olymp Trade platform better for you. Best regards, Olymp Trade team.

Olymp Trade   28 September, 2020

It's a nice broker. The team takes care of customers. There is an interesting loyalty program here. It's Trader's Way. According to the terms, customers, who participate in the program. gain as ses to best trading conditions. Such as lower commissions, higher rewards, profitable strategies etc.

Karley Zboncak   18 September, 2020  

Hi, Karley! Thank you for your appreciation. We are glad that you enjoy the platform and its trading conditions. Our traders are indeed the highest priority. The new status system allows them to upgrade an account level and get additional privileges by completing tasks and achieving experience points in Trader's Way. Best regards, Olymp Trade team.

Olymp Trade   22 September, 2020

Olymp, I am a Nigerian, I have been trying to deposit with my Naira Master card since the past 2months, and it has always been declined, I recently opened a dollar account for this purpose, I hope it will work. Or has olymp trading stopped working for Nigerians?

Tolu   12 September, 2020  

Hello, Tolu! Thank you for the feedback. The Olymp Trade platform operates in Nigeria, no worries. Please, provide us with your account ID number or contact our support team in an online chat on the official website or via e-mail: support-en@olymptrade.com Our support service will give you full information on the issue. Feel free to get in touch with us if further questions occur. Best regards, Olymp Trade team.

Olymp Trade   14 September, 2020

Is there Tanzanian trading?

Francis   17 September, 2020

Hello, dear Francis! Yes, the Olymp Trade platform does operate in Tanzania. Best regards, Olymp Trade team.

Olymp Trade   23 September, 2020

Dear olymp. I don't know where this issue I am having is coming from. I am in Nigeria and I have been trading with olymp demo account for some time now, so I decided to up my game by making a deposit into my live account but since I have been trying to do that through my bank card Error has been the reply. I also tried using another bank card which is a visa card but still to no avail. I would like to know if there are specific banks that olymp work with here in Nigeria. I will really love to try my hand in a live trade. Thank you.

Ifeanyi   9 September, 2020  

Hi, Ifeanyi! Thank you for letting us know about the issue. Can you kindly specify your account ID number? So our support team can contact you and find the solution. You can also contact us via e-mail: support-en@olymptrade.com or in a live chat on the official website. We will be very grateful for the update on your issue. Best regards, Olymp Trade team.

Olymp Trade   11 September, 2020

Olympic trade. You have formed another platform here again. How long before you fix my problem. Deposit and client support not opening in my platform.

Isaiah erere udi   5 September, 2020  

Hello there! Thank you for getting in touch. We have only one platform, the Olymp Trade platform. We would be glad to help you if you provide us with your account ID number. This way we can check the information and consult you. Also, you can contact our support service via an e-mail: support-en@olymptrade.com or in the direct messages section of our Facebook page. Feel free to reach us if further questions occur. Best regards, Olymp Trade team.

Olymp Trade   7 September, 2020

Olymp Trade isn't the first platform I use. But it's easy to operate even for a beginner. Traders are supported by a number of helpful indicators for trading. Olymp Trade is always updating the platform, and the newly updated version is better and is packed with indicator tools, oscillators, advisor and ready-to-use strategies. Olymp Trade differs from other brokers in its approach to education. While most of them offer training as an additional service (often for a fee), they provide it totally free. Olymptrade's support team is very fast and good too. Every doubt and question is replied and helped with, so it is very convenient when being consulted. I'm not satisfied enough with the withdrawal speed, so Olymp has something to work on. Usually, you receive money in a day, but sometimes it takes up to several days. I think it would be a huge step forward for broker to achieve the fastest withdrawal.

guest   3 September, 2020  

Hello! Thank you for sharing. It is valuable for us that you had experience with other platforms and found the Olymp Trade platform handful and functional. We truly put a lot of effort into updating the platform and making it more convenient and accessible. We are glad that you appreciated the abundance of useful tools and ready-to-use strategies. Our vast educational system is free and presented in different forms: informative articles, webinars, and extensive video tutorials. It is great that you are satisfied with our support team's service, our support team is always there to give a detailed consultancy and help our traders if any issues occur. We have taken into account your opinion about the withdrawal process speed, we will consider your recommendation. Have a prosperous trading! Best regards, Olymp Trade team.

Olymp Trade   3 September, 2020

Olymp Trade is a normal broker that works fine. During the year of working with it, I've had practically no complaints. And if there were any insignificant problems, the client support solved them in a few hours, depending on the level of complexity. So overall, I'm satisfied with the fact that I started working with Olymp Trade. It has good trading conditions - processing orders with almost no slippages, reliable servers and very fast money withdrawal. Recently the status system has been added to the broker's work. The system seems convenient enough to me, and it gives more opportunities to active traders like me.

Paoletti Maurizio   28 August, 2020  

Hi there, Paoletti! Thank you for sharing your experience. We are happy to know that you have been trading on the platform for a year and practically had no complaints. It is great that you are satisfied with the Olymp Trade platform and appreciated the high quality of our support team's service. We are also grateful for listing some of our trading conditions and approving of our new Status system, we are glad that it encourages our active traders and gives them more opportunities. Wish you lots of success! Best regards, Olymp Trade team.

Olymp Trade   31 August, 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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