Olymp Trade review 2024 pros and cons, regulation, reviews

Updated May 17, 2024

olymp trade

OLYMP TRADE (olymptrade.com) broker review 2024. Read the full review and find out all the information about the platform, deposits and withdrawals, commissions, account types, bonuses, training, advantages and disadvantages, and trader reviews.
You can start learning completely free on the broker's platform.

«OLYMP TRADE» - VISIT SITE

OLYMP TRADE is a broker for trading on financial markets and member of the Financial Commission. It provides a high-quality platform that offers various assets and trading modes, such as Fixed Time, FX and Stocks, Cryptocurrency, low initial deposit and training courses. Company was founded in 2014 and has since become an industry leader with over 88 million trader accounts, 30 million monthly transactions and 16 million average monthly payouts.

Olymp Trade offers number of important functions - 5 seconds trades, risk-free trades, personal consultant. Minimum deposit is from 10 dollars (10 Euro, 700 INR). Equipped with market analytics and personal manager. Users can easily start trading in financial market.

Olymp Trade review

Olymp Trade
Broker OLYMP TRADE
Website olymptrade.com
Online Since 2014
Platforms Available Desktop, Mobile (Fixed Time Trades, Forex).
Assets Offered Quickler, Currencies, Indices, Stocks, Cryptocurrency, Bitcoin and etc.
Initial Deposit $10
Minimum Transaction $1
Maximum Transaction $5000
Bonus Up to 50%
Payout 80% [1] - Standard account, 92% [2] - Expert status.
Payment Types Accepted Bank cards, Visa, Mastercard, UnionPay, wallets (ePayments, Neteller, Skrill, WebMoney, FasaPay), Cryptocurrency, digital currencies.
Withdrawal Methods The same method that you used to replenish deposit.
Commission No commission on depositing and withdrawing funds.
Account Types Standart 10-2000 USD deposited, Expert 2000+ USD.
Demo-version Yes
Account Currency USD, EUR, BRL, CNY, INR, IDR, THB
Customer Support Types email, chat, phone.
Education Offered Basic articles and presentations on strategies.
Tools Offered Economic calendar, signals (in-platform), early close, risk-free trades, Heiken Ashi, tick charts.
Regulation Yes, Regulated by Financial Commission (FinaCom PLC).
Languages English, Spanish, Portuguese, Turkey, Arabic, Chinese, Hindi, Indonesian, Vietnam, Thai and other.
US Users Not Accepted
Mobile App Android, iOS
Tablet Yes
Rating: 9,9 / 10

Demo-version with virtual balance of 10,000 can be used only for training. To make money on your predictions, you need register on the site. To start earning, you need replenish deposit on required amount. Then switch button in the platform from demo on real. Trade with real money, earn more with correct forecasts. Minimum amount of transaction is 1 dollar.

Olymp Trade login to platform is available for registered users. When filling out registration form on website, please carefully read risk information provided, be sure to read and click "I Agree" button for successful registration.

online trading olymp trade

(Image credit: olymptrade.com)

Regulation

Regulated by Financial Commission (FinaCom PLC), an external dispute resolution body in the field of online trading. Olymp Trade is registered as class A broker by this commission and is certified by VerifyMyTrade. In case you have any complaints against the broker, you could appeal in FinaCom and get your disputes resolved. Each transaction is insured on $20,000. This is unique and appealing insurance for traders, which is not common offering in industry.
Please note that platform does not accept users from North America, Europe. All terms, conditions can be easily viewed at bottom of pages on official website.

Olymp Trade platform

Olymp Trade offers a modern trading platform where can open trades on FOREX, Fixed Trades and Quickler. These accounts are separated, have different interface.

The company introduced Quickler, a unique asset that allows you to make trades in 5 seconds using a unique tool specially designed for traders who know how to make quick decisions. Quickler trades last only five seconds, which means you can make many trades in a short period of time and make up to 90% profit.

Classic FTT are available. Deals range from 60 seconds to 3 hours. Thus, Olymp is the best choice for beginners and professional traders who prefer short-term deals.

olymp trade broker review

(Image credit: olymptrade.com)

You can try out Forex, FTT strategies in training mode to learn the platform. There are many assets, indicators available. Demo already has virtual balance in amount of 10,000. You can choose between a real/virtual account. For example, test strategy in demo-version after switching on real account. Provided free of charge only after registration. To get started, you need to log in.

Mobile app

How to install application from official site.
Provides Android app for Android-powered devices, an iOS app for iPhone. With this mobile app, you can open trades on the go, anywhere, anytime.

Variety of tradable assets

Assets include Currency Pairs, Stocks, Indices, Bitcoin, Ethereum, LiteCoin, Monero, Ripple and etc. Among all assets, here are some of most popular:
✅ Brent Oil, Silver, Gold and etc;
✅ Forex currency pairs;
✅ Cryptocurrency;
✅ Quickler;
✅ Exchange-traded funds (ETF).

Olymp Trade account types

Demo - provided free of charge (Forex, FTT). Interested parties can simply register on the site, it will be available immediately.
Olymp Trade offers trial free demo, it is good to keep in mind that: 10,000 virtual money is funded, which is more than enough for experimentation and understanding. It is also very important stage for testing strategies, it is recommended even experienced traders.
The Olymp Trade training account is completely free for those who want to learn about Forex, bitcoins, FTT. Is a universal learning tool that should be used by any investor who wants to test their skills, direction of stock movements or accuracy of price forecasts.

Standard account. Minimum deposit from $10 (€10, ₹700). Withdrawals can take 1 day, but funds are usually withdrawn in minutes if the account is verified.

VIP (status Expert). Deposit from $2000. Fast deposit and withdrawal of funds. VIP provides a new set of benefits. Olymp offers private consultant to solve any problems of VIP status owners. Exclusive webinars are hosted for VIP members, offering unique, tailor-made strategies and risk-free trades with higher profit potential. According to traders, many VIP features have proven to be extremely useful for successful trading.

olymp trade demo

(Image credit: olymptrade.com)

Olymp Trade Education

There is also an educational section with articles and videos, available only to registered users. Here beginners can take beginner's course. There are also different strategies that are explained, also videos that provide further information. Any learning materials are easily available on official website.

The company also has a blog that helps keep you up to date with the latest trends and strategies.

olymp trade education

Olymp Trade Thailand

Olymp Trade in Thailand offers an award-winning online platform. Thailand branch is one of leading, most popular and fastest growing online brokers in South Asian region.

FX, FTT platform operates in Thai. Additionally, Thailand customer service is provided on Thai language 24/7, Thailand employees received the same high standard training as any other of best service financial product companies customer service representative. There is no other difference than the language between the rest of the world and Thai users.

Mission of company is to simplify the process of online trading in the financial markets and make it accessible to any Thai citizen. Company wants to provide residents of Thailand with well-known potential for profit from FTT. In Thailand, this is best Forex, FTT.

Olymp Trade Indonesia

Olymp Trade Indonesia provides an easy start on Forex, FTT. Main objective of company is to become the number one online broker in the Pacific and around world. Indonesian division is second-generation internet broker that includes all technical tools necessary for online trading without the need to download software or sophisticated equipment. Any Indonesian from any computer or smartpfone app can open the educational demo for free to learn about Forex, Stocks, Cryptocurrency, Fixed Time Trades.

Traders in Indonesia are offered FTT trading in the stock and foreign exchange markets. Indonesia division members reviews reported high levels of customer satisfaction. Learning materials and practice are excellent for teaching investing. Best advertising comes from thousands of registered users in Indonesia who have started using platform.

Olymp Trade India

Is Olymp Trade legal in india? In 2024, Olymp is very popular in India, we are getting a lot of questions from India. So If you are from India and are interested in online trading in financial markets, answer: yes, it accepts users from India. Moreover, FTT, Forex are attracting more, more people from India.

As stated above, you have many possible ways to deposit, withdraw: Visa, MasterCard, Astro pay, Neteller, Skrill, WebMoney, Cryptocurrency. So you don't need worry about it, there is always an easy way how to deposit, withdraw money.

Nigeria

We also receive lot of questions from Nigeria, other African countries, these are similar to questions we receive from users in India and Indonesia. Is Olymp Trade real? So, if you are from Nigeria or another African country, you can open an account, it is allowed.

Deposit, withdraw methods are same as for any other country. For possibilities - check above link.

Support information

Support is easily available in several ways - phone, live chat, email. Live chat and phone call are fastest means of contacting customer support, but if you are not in hurry, you can use email address and your letter will be considered.

Olymp Trade offers 24/7 customer support in eight languages. On average, online support takes 15 seconds to answer questions and requests from their customers. You will find comprehensive help center with frequently asked questions (FAQ). If you cannot find the answer to your question in FAQ, you can use the following methods to connect with customer support agent. Here are the various ways to get in touch with customer support agent:

Hot line:

  • 912271279506 New Delhi, India;
  • 27 (21) 1003880 Cape Town, South Africa;
  • 234 (1) 2279021 Lagos, Nigeria;
  • 54 (11) 59175747 Buenos Aires, Argentina.

These hotlines are available round the clock 24/7.

email - ask your question at support-en@olymptrade.com and get response within 1 business day.
Live support - click the open chat link on support page to launch the live chat window.
Online contact form - use online contact form on support page to connect with customer support agent.
Social media - supports social interaction via YouTube and Facebook.

Special features

«OLYMP TRADE» is an online broker with Forex / Fixed Time Trades / Quickler. It will be useful to those who are looking for a profitable way to invest, get reasonable profits and learn new strategies along the way.

One of the best free features: registration and virtual $10,000 for demo trading. Demo allow learn the basic rules and find out what to expect before starting with real money.

In addition, they offer the lowest investment level, starting from $10. Registered members can start with minimum of $1, which is ideal beginners.

You can choose dollars, euros, Indian rupees, Indonesian rupees, Brazilian reals, Thai baht, Chinese yuan as the base currency. This choice must be made at time of registration and cannot be changed later. Therefore, should choose base currency wisely.

All characteristics show that they are intended for experienced and especially for beginners.

Pros and cons of Olymp Trade

Advantages:

  • Attractive spreads from 0.0 points;
  • 5 seconds trades;
  • Leverages of up to 1:500;
  • Variety of payment methods available;
  • $0 deposit/withdrawal fee;
  • Beginner-friendly;
  • Wide range of assets;
  • Low initial deposit;
  • Intuitive design;
  • Informative quotes charts;
  • User-friendly platform, mobile app;
  • Excellent customer support 24/7;
  • Supports multiple languages;
  • Offers VIP program, including risk-free deals, personal consultant;
  • Extensive training opportunities and a trade academy.

Disadvantages:

  • Does not accept US, EU users.

Frequently asked questions - FAQ

Do they have decent mobile or tablet app?
Any good broker needs to ensure that they have decent app. Here is no exception, both their website and mobile app are easy to use on all handheld devices.

What bonus do they offer of new traders?
Olymp Trade provides an exclusive bonus, make a deposit within an hour after registration, and they will provide you with welcome bonus.

Is Olymp trade legit, will they scam me?
Any fixed time trades broker that we recommend is always checked and vetted by our experienced team and Olymp Trade was found to be entirely legitimate.

Can I start trading on demo?
Yes, Olymp Trade offers all registered users a demo-version with $10,000 in virtual money.

What's minimum deposit and deal amount?
OlympTrade is one of the few brokers with an initial deposit of $10. Minimum trades of $1 or more are accepted.

Olymp Trade Reviews

Traders reviews - reviews of real users in the comments. We were encouraged by the comments of traders. We tried to understand this situation. One question was enough: which platform did you choose? They replied that they were using the Olymp Trade.

Serg V., Vietnam:
I went to the official site olymptrade.com I tried to put $600. It became bit more than 1000 dollars. Most importantly, I was able to withdraw money.

Viktor F., Thailand:
Olymp Trade real and the deposit has replenished. Now I write to you with gratitude. For 1.5 months I was able to earn $9850. I continue to earn more.

Tatiana G., India:
The main advantage of this way to make money is minimum time required. I'm at university now, the attendance is strictly monitored, so I cannot lose focus from study for long time. I'm trading on signals and everything is smooth sailing now! Olymp Trade real. The income is quite good: I shouldn't stretch finances or count on parents. Before I was too emotional and screwed everything up several times. I'm much better now - gained experience and signals helps me lot.

George T., Indonesia:
The priorities may vary depending on trader, but trust and honesty of broker are very important for me. I've been working with Olymp Trade since 2014. Firstly, my strategy didn't work at all, I lost some money several times. But I'm not tend to get the jitters, so I've managed to earn pretty well recently. Broker has never had problems with withdrawals. Support just approved my identity and withdraw 1606 USD without any issues. Thanks, Olymp Trade! I'll trade with you for long time! Wish you success!

D. K., India:
So, my trial day shows that even beginner could study everything out. I've finished Academy course and tested it on demo. When I got it, I used bonus for Academy and added some real money. So I didn't worry when started trading, due to training. If you've decided to try, my advice is to use demo first. You'll be more efficient in real trading. And no mistakes because of emotions.

Olymp Trade review summary

Olymp trade review in 2024: reliable and time-tested broker for trading in the financial markets Forex (Fx), Fixed Time Trades (FTT). Online trading on Olymp Trade is available to users from more than 194 countries.

Olymp has created an easy to use, intuitive and reliable trading platform. It allows traders of different skill levels to easily begin trading successfully in the financial markets. You can download mobile application (free) and try trading without risk on the demo version.

Start earning money together with many traders!

Information: Online trading provides high levels of profit, but there is also the risk of losing some or all of your investment. It is recommended that you familiarize yourself with the trading conditions presented on the olymptrade website.


Profitability and transaction times of FTT and FX products different.

1. If your deal wins, you get profit of 80% of your investment.

2. If your deal wins, you get profit of 92% of your investment.


P/S: Be sure to write your opinion in the comments. Success you!


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