Olymp Trade – Forex Broker Rating and Review 2021

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 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.

  • 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

Olymp Trade now has everything you need for profitable trading. If before, there were mostly simple solutions for beginners, now it's not. The company has recently launched a professional MT4 terminal with an opportunity to open an ECN account and trade with zero spreads. Or you can open a Standard account and trade with low spreads and no commissions. Moreover, in MT4, you can put your own indicators, advisors, and scripts. There are cool features for traders!

Emilios   10 January, 2021  

Hi, Emilios! Thank you for your wonderful review and positive vibes. We are glad that you have all the required instruments for profitable trading. It is important for us that our traders are fully satisfied with the variety of tools and services, which is why we have introduced the Olymp Trade MT4. The MetaTrader 4 platform has its own advantages such as the opportunity to add new indicators, use Expert Advisors, and customize the workplace. Wish you a successful trading! Best regards, Olymp Trade team.

Olymp Trade   12 January, 2021

Olymp Trade is my first brokerage and I respect it. Company offers a lot of opportunities to learn trading for free, without any payments/fees and that's the unique case in the market. And yes, I know there are a lot of brokers to offer education, but Olymp Trade is the only one brokerage to provide really usefull education, not just trading ba/nals, like What's CFD or The introduction to trading. I think Olymp is going the right way

Aik Marzukowsky   30 December, 2020  

Hello there, Aik Marzukowsky! Thank you for expressing your opinion of the Olymp Trade platform. It is great to know that you appreciate the vast range of opportunities and favorable trading conditions that are provided on the platform. We are happy that you consider our educational system useful and thought-out. Your supports helps us to make sure that we move in the right direction. Best regards, Olymp Trade team.

Olymp Trade   4 January, 2021

I've been trading Forex for three year. I'm used to working with several brokers because as a rule one broker can't give me everything. Respectively, several ones can satisfy my needs. However, Olympt turned out to be an exception. Its versatility struck me. It's equally good as a Forex broker and a fixed-time one. Earlier I used desktop platforms only, but with Olymp, I started trading in my browser. It's because their web platform delivers good functionality. Besides this, it's much easier to use compared to many desktop terminals, including Metatraders.

Aik Kingsly   26 December, 2020  

Hello, Aik Kingsly! Thank you for sharing your experience. We are happy to know that we have managed to satisfy your demands concerning the trading conditions and functionality of the platform. It is also great that you find the Olymp Trade platform versatile and quality. Our priority is customer service and we are thrilled that we manage to exceed our traders' expectations! Best regards, Olymp Trade team.

Olymp Trade   29 December, 2020

It's the usual brokerage company. It made a minimal deposit - only $10 - and thus attracted many traders. It's not scary to trade with Olymp Trade, even if you're a complete novice. The company has a well thought out knowledge base. There are a lot of articles, webinars, platforms that are simple and clear to everyone. But then the company added MT4 with a deposit starting from $200. And this is a totally different audience of traders. I don't know if this step is needed. But many clients are happy, especially those who have been with Olymp Trade for a long time and want something more serious.

Andrew Smoke   23 December, 2020  

Hello, Andrew! Thank you for your sincere feedback. We are glad that you find the Olymp Trade platform suitable for novice traders, we truly do everything that is in our power to maintain a comprehensive knowledge base, including useful articles, informative video tutorials, and illustrative webinars. The Olymp Trade MT4 has its undoubted advantages, for example, the ability to use custom indicators. We are glad that the decision to add MT4 was followed by such a positive reaction among our traders. Best regards, Olymp Trade team.

Olymp Trade   25 December, 2020

I invested in this broker to trade as a hobby, so I had no plans for my future. I chose Olymp Trade only because this broker is very popular. But now I got interested in trading and decided to try it seriously. Is there any training that can help me improve my understanding of trading?

Bipul Chhetri   18 December, 2020  

Bipul Chhetri, hello! Thank you for getting in touch with us. We are glad that you have decided to improve your trading skills and enrich your informational base. To begin with, you can use our educational materials that are presented on the platform in the "Education" section. They will help you to get acknowledged with the platform and its trading tools. You can find useful educational articles, the latest news about the platform, and more on our official blog. We also advise you to try out the Olymp Plus application. It will guide you through the platform, help you to absorb trading basics, and learn more about trends. You can participate in regular live webinars that are hosted by experts. Or watch educational videos on the Olymp Trade Global Youtube channel to visualize the basics and view illustrative trading tutorials. We put a lot of efforts to provide vast educational opportunities, we truly believe information is power and support our traders in their goals to train and improve. Best regards, Olymp Trade team.

Olymp Trade   22 December, 2020

I am glad that I was able to work with quite a large leverage in this company, because I was always interested in it and always wanted to experiment, but I was always afraid that I would lose all the money because of it. But when I got here and saw the demo, I realized that everything was fine and that I had complete freedom here. And I tried different strategies and approaches, and finally found something suitable for my daily work.

Reny Jhoshua   30 November, 2020  

Hi there, Reny Jhoshua! We are incredibly thankful for your feedback. It is wonderful that you have started trading on a demo account to explore the platform and its features. We are glad that you have found suitable strategies and approaches that help you to conduct your daily work successfully. Best regards, Olymp Trade team.

Olymp Trade   1 December, 2020

It should be noted that I have been working in this company for a long time, because I believe that it is possible to experiment here without any significant restrictions. Why? Because there are all conditions for it. Let's start with the unlimited demo, which contains all possible technical tools and settings of the main terminal, so you can check any of your assumptions. And secondly, there is a simplified leverage mechanism here, I didn't even think it could have such a significant impact on speed.

Mehul Seshadri   26 November, 2020  

Hello, dear Mehul Seshadri! Thank you for sharing. We are pleased to know that you are satisfied with the favorable trading conditions. It is delightful that you have appreciated the refillable demo account and a simplified leverage mechanism. Have a productive trading! Best regards, Olymp Trade team.

Olymp Trade   27 November, 2020

Company has one significant advantage - education system. Well, if we take also customer service in account, then there would be 2 strong advantages. Really, education is Olymp Trade top notch feature, Olymp did well with it. You can learn with blogs or with webinars. There are also educational videos, but I don't think they're too usefull. However, if we're speaking about trading conditions, they're just okey. I don't like that there's no MT5, that's the disadvantage in my opinion. Yeah, they've introduced MT4, but that's not enough in 2020!

Cheys Brook   24 November, 2020  

Hello there, Cheys Brook! Thank you for leaving a review. We are glad that you have decided to share the advantages of the Olymp Trade platform. It is great that you have highly appreciated our educational system as we put every effort to make it informative and thorough. We are also grateful for your feedback on the MT4 addition. Despite the fact that MetaTrader 5 is a newer version of the platform, the number of users on the MT4 platform is significantly higher. Best regards, Olymp Trade team.

Olymp Trade   25 November, 2020

I have always appreciated simple and intuitive things. Trading is no exception. I dislike complex strategies and unclear postulates. I believe that everything we call genius is simple. Once I occasionally stumbled on Olymp online, its straightforward and intuitive platform surprised me. Thus, I discovered fixed-time trading and still don't regret it.

Niels Luyten   18 November, 2020  

Hi, dear Niels! Thank you for your positive feedback. We are happy to know that you find the Olymp Trade platform straightforward and intuitive. It is important for us that our traders have a clear understanding of the platform's functions and possible trading strategies. Best regards, Olymp Trade team.

Olymp Trade   19 November, 2020

Olymp Trade is among those companies that primarily care about customer convenience. I think that's why they keep on the market for so long and only increase their positions. There is a very handy mobile app. The interface of the platform is well thought out. I'm a programmer, and I directly enjoy how everything is optimized. Each button is in its place. You don't need to look for anything, nothing you accidentally press. And after the company launched MT4, in general, it started to trade great. The functionality has expanded a lot. I think I can put my bot in MT4. It won't be a problem for me to write it. So, I'm not going to leave Olymp Trade.

Mentoral   15 November, 2020  

Hi there! We are delighted to receive your feedback about the platform. Indeed, the convenience of our traders is extremely important to us. It is also wonderful that you have noticed that our team has thought out the interface and optimized the platform to make it a better place for our traders. We wish you lots of success! Best regards, Olymp Trade team.

Olymp Trade   16 November, 2020

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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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