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

Olymp trade is not open. What is the problem? Please tell me, please.

Md   1 August, 2020  

Hello, dear! Can you please specify, what do you mean exactly? The platform is fully accessible and functional. Best regards, Olymp Trade team.

Olymp Trade   4 August, 2020

I've never seen better trading conditions than Olymp Trade provides. It has everything that both a beginner and a professional needs: 2 trading platforms, minimum deposit from $10, low spreads and stuff. And recently the status system was introduced. I think it's very cool, because now I get improved trading conditions doing what I used to do. That's totally awesome.

Tudi   29 July, 2020  

I like the fact that Olymp Trade is constantly updating their platform. Their fresh ideas make this platform not boring to use.

Noah   31 July, 2020

Hello, Tudi! Thank you for the wonderful review. We are thrilled to know that you appreciated the status system, it is always a pleasure to receive positive feedback from our traders about the upgrades on the platform. Best regards, Olymp Trade team.

Olymp Trade   31 July, 2020

Each person in the market has approximately the same opportunities. And I believe that 90% of everything depends on the person and how he uses these opportunities. I leave another 10% to capital, because in some moments large capital can really help. It seems to me that this company also gives a certain range of opportunities - demo, two terminals, leverage to 1:500, bonuses, etc. For some people it is super, for other people it is not enough and they need something else. This is normal.

Evan Meister   29 July, 2020  

Hello there, Evan Meister. Thank you for such an objective review. We are glad that you have mentioned the opportunities that the platform provides. We agree that traders have different preferences and priorities, it is important to find a broker that suits you in every way. Best regards, Olymp Trade team.

Olymp Trade   31 July, 2020

I found Olymp Trade to be an adequate brokerage. A friend, who has more than three years of experience with this broker, advised me it. He has told me about Olymp Trade several times before, and about his trading experience. And when I was changing a broker, I immediately decided that my future broker would be Olymp Trade. And this decision has paid off. I won't write how much more profitable I've become and stuff like that, as it's not entirely the achievement of a broker, but mine. The broker is only good at helping me to reach my potential and take my trading to a new level. My opinion about Olymp Trade is that a broker is perfect both for beginners who are still trading on a demo, and for experienced traders who implement the most courageous trading strategies in their accounts. And it is cool that the broker understands both groups of traders and creates such conditions, which won't only allow traders to grow and develop, but also become profitable.

Felix Mosley   16 July, 2020  

Dear Felix! Thanks for such a detailed and objective review. It is great you have chosen us when it came to changing the broker. There are no doubts that the progress you made is your achievement as a trader. We from our side provide the right conditions, explicit educational base, and demonstrative trading tools. We are glad that you find our platform suitable for both - beginning traders and experienced ones. Wish you lots of success. Best regards, Olymp Trade team.

Olymp Trade   16 July, 2020

Why debit card details is compulsory for deposit money for trading in Olymp trade platform?

Subhasis Chakraborty   15 July, 2020  

Subhasis, hi there! Card details are required to identify users and request a code error you may receive when trying to make a deposit. The first six digits of your card number are the issuing bank's identification numbers. The last four digits are a unique personal identifier. Providing this data is absolutely secure. Wish you a succesful trading! Best regards, Olymp Trade team.

Olymp Trade   16 July, 2020

Why debit card cvv no.?

Subhasis Chakraborty   17 July, 2020

Great platform for trading. I have one question, will you launch any advisory trading signal?

Debasis saha   13 July, 2020  

Dear Debasis Saha, thank you for your feedback. An advisor is already available for traders with Advanced status and as an Expert, you get access to 3 advisors. We also recommend looking through the "Insights" section, where forecasts and researches are published. At the moment, it is only available on the web platform. Best regards, Olymp Trade team.

Olymp Trade   14 July, 2020

Olymp Trade seems to be unique to traders in many ways. At least, I have noticed that Olymp Trade differs from other brokers in its approach to education. While most brokers offer training as an additional service (often for a fee), Olymp Trade has made education a major competitive advantage. Combined with a very low minimum deposit of $10 and a convenient trading platform, it made Olymp Trade one of the best places to start trading. Olymp Trade recently started offering trading with MT4, another competitive advantage. I want to try MT4, but I can't understand one thing. Do I need create a new account to trade with Metatrader?

Walker   6 July, 2020  

Hi, Walker! We are very grateful for the review! Yes, to access MT4 Olymp Trade, you need to obtain a login ID, create an entrance code, and download the terminal installation file from the Olymp Trade website. After you open an account successfully, you will receive all the necessary data for the MT4 login terminal. You need to make an account only once, and then you can log in easily. It takes just 10 minutes for the registration. Best regards, Olymp Trade team.

Olymp Trade   7 July, 2020

I've been working with Olymp Trade for only a month and a half and I probably haven't tried all the features of a broker yet (at least that's what some dude wrote me on some forex forum). I liked that Olymp Trade is very reliable and it never has any problems. But what I didn't really like was the mobile trading app from Olymp Trade. Partly, I opened an account with this brokerage only because everyone praised its mobile app. But I have problems with it running on my smartphone and it sometimes lags. Maybe it somewhat has to do with the fact that I have an old model smartphone, but nobody warned me about it.

Jeremie Welch   29 June, 2020  

Hi, dear Jeremie! Thanks for the review. The minimal Android version for the Olymp Trade application is 4.4. Also, pay attention to your Internet connection. The recommended speed is above 30 Mbps. For any questions, you can also contact us in Facebook or via online support chat (Help section) 24/7. Have a successful trading! Best regards, Olymp Trade team.

Olymp Trade   30 June, 2020

A good broker, it really has something to offer its clients. In four months of working with a Olymp Trade, I've always seen only its advantages. The only thing I didn't like (but it isn't the broker's fault) is that you can withdraw money only through the method you deposited it. To add a new withdrawal method, you must deposit the money this way first. I understand that there are rules and bla bla bla, but it's a little discomforting.

Abdar   24 June, 2020  

Thank you for the review, Abdar! We are glad that you appreciate our platform. The withdrawal principle is a peculiarity of the payment process, that's why we have to proceed it this way. We like it when everything is secure and legal. Best regards, Olymp Trade team.

Olymp Trade   25 June, 2020

Olymp trade need to work on there so called limit for month now, I can only made a trade of $1.67 for the whole day and they said it was automatic. It olymp trade is a buy and sell platform, why must they tell a trader the limit or the amount to buy for the day and while it remains, is it not the traders money even if the trader is to lose his or her money. I believe this platform is not honest. Other broker like IQ option don't have limits, but this broker that called themselves olymp trade has nothing for now to offer traders on the long run for traders operating on fixed time trade. Hope olymp trade will work on that wrinkle on their platform. Thanks

Samuel sam   23 June, 2020  

Hi there, Samuel, thanks for the feedback. The automatic risk-management system is aimed against reckless trading like overexcited and risky trading. Our experts advise to use less than 10% of your current balance per trade to prevent the system from setting the limit. We also advise you to correct your trading style: avoid trading too much on the currencies with a high volatility, increase the expiration time (up to 10-15 minutes, and more). We hope it will work to change and eventually reduce the limitation. Best regards, Olymp Trade team.

Olymp Trade   25 June, 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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