Olymp Trade review 2023 - advantages and disadvantages, regulation, traders reviews
Updated September 18, 2023
OLYMP TRADE (olymptrade.com) review 2023: Read full review and information about Olymp Trade broker.
Olymp Trade review
| Broker | OLYMP TRADE |
|---|---|
| Website | olymptrade.com - Link |
| Online Since | 2014 |
| Platforms Available | Desktop, Mobile (Fixed Time Trades, Forex). |
| Assets Offered | Quickler, Currencies, Indices, Stocks, Bitcoin. |
| Initial Deposit | from $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), digital currencies. |
| Withdrawal Methods | The same method that you used to replenish deposit. |
| Commission | No commission on depositing and withdrawing funds from account. |
| Account Types | Standart 10-2000 USD deposited, Expert 2000+ USD. |
| Demo | FREE DEMO ACCOUNT |
| 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 |
(Image credit: olymptrade.com)
What is Olymp Trade
OLYMP TRADE is an international broker for trading on financial markets and member of Financial Commission. It provides a high-quality platform that offers various assets and trading modes, such as Fixed Time, FX and Stocks, low initial deposit and free 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 trade, personal consultant. Minimum deposit is from 10 dollars (10 Euro, 700 INR). Equipped with free market analytics and personal manager. Users can easily start trading in financial market.
To make money on your predictions, you need register on the site. Demo with virtual balance of 10,000 can be used only for training. 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. You must enter your email address and password, check "I'm not robot" when registering. 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.
Regulation
Regulated by Financial Commission (link 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 Verify My Trade link. 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 and all deposits are kept in segregated account with European Bank. 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.
(Image credit: olymptrade.com)
Platform
Olymp-Trade offers trading platform where registered user can open trades on FX, Fixed Time, Quickler. You can view quotation history of any asset available on platform. Fixed Time Trades, FOREX trading are available. These accounts are separated, have different interface.
Company has introduced Quickler, unique platform asset that lets users make 5-second deals using unique tool specially designed for traders, who can make quick decisions with laser focus. Quickler trades are only five seconds long, which means, traders can make many trades in short amount of time and win up to 90% profits.
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.
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. User can choose between real/virtual account. For example, test strategy in demo version after switching on real account. Provided free of charge only after registration. To start online trading, you need to log in.
Mobile app
How to install application from official site.
Provides free Android app for Android-powered devices, an iOS app for iPhone. With this mobile app, users can open deals on the go, anywhere, anytime.
Variety of tradable assets
Assets include currency pairs, stocks, indices. Among all assets, here are some of most popular:
✅ Brent Oil, Silver, Gold and more;
✅ Forex currency pairs;
✅ Bitcoin, Ethereum, LiteCoin, Monero, Ripple and more;
✅ Quickler;
✅ Exchange-traded funds (ETF).
(Image credit: olymptrade.com)
Accounts
Demo - provided free of charge (Forex, FTT) with balance of $10,000 virtual units. 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.
Standard account. Minimum deposit from $10 (€10, ₹700). Withdrawals can take 1 day, but funds are usually withdrawn in minutes if you have verified account.
VIP (status Expert). Deposit from $2000. Fast deposit and withdrawal of funds. VIP provides new set of advantages for its users. 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. In opinion of users, many of VIP features were found to be extremely useful of successful trading.
| Broker | Demo | Deposit | Website |
|---|---|---|---|
| FREE, $10.000 | from $10 | Visit site |
Demo
Olymp Trade practice account is entirely free of charge, who wants to learn about forex, bitcoins, FTT. Demo is 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.
(Image credit: olymptrade.com)
Education
Also has an education section with articles, videos available to only the 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.
Furthermore, company has blog that helps traders to keep up with the latest trends, strategies.
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.
Indonesia
Olymp Trade Indonesia provides start trading 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 mobile app on smartpfone can open training account free to learn about forex, stock market, fixed time trades.
For users in Indonesia, FTT is offered in stock and foreign exchange market. 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 Olymp platform.
India
Is Olymp Trade legal in india? Olymp is very popular in India this year, we are getting more, more questions from Indian users. 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. 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, 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. They can be contacted by 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.
OlympTrade 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 (link) 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 users who are looking profitable way to invest, make reasonable profits and learn new strategies along the way.
One of the best feature free registration to new members with virtual free $10,000. Demo allow new member to hone their skills, master strategies, learn the basic rules and find out what to expect before starting with real money.
In addition, they offer their users the lowest investment level from 10 dollars. Registered members can start with minimum of $1, which is ideal beginners.
Users can choose an account in 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, trader should choose his or her base currency wisely.
All features show that they are intended for both experienced traders and especially beginners.
Overview of pros and cons, advantages and disadvantages
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 options, it has trading 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?
OlympTrade provides an exclusive bonus, make deposit to your real account 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 OlympTrade was found to be entirely legitimate.
Can I start trading on free demo account?
Yes, OlympTrade offers all registered account holders demo version with $10,000 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 OlympTrade.
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:
OlympTrade 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! OlympTrade 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 OlympTrade 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, OlympTrade! 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.
O. R., India:
Finally, I found convenient company! Is OlympTrade real! I truly love the feature of fast withdrawal. Nothing compares to money coming to your credit card! I rely on my own trading strategy and feel calm about it. I can earn my month salary just opening 5-6 successful trades. I was trading on forex previously, but when I tried fixed time trades, as this instrument is much more convenient and less time-consuming. I recommend it to all forex-traders, if they are tired from long-term.
Available to users from over 194 countries: Indonesia, Malaysia (Malay), Vietnam (Viet Nam), Thailand (Thai), Bangladesh, Singapore, China, South Korea, India, Pakistan, Turkey (Türkiye), Bahrain, Kuwait, Qatar, Oman, United Arab Emirates (AE), Saudi Arabia (SA), Iran, Morocco, Palestine, Argentina, Brazil, Chile, Peru, Colombia, Mexico, Ecuador, Algeria, Egypt, Tunisia, Zimbabwe, Namibia, Mozambique, Tanzania, Ethiopia, Kenya, Nigeria, South Africa and other countries.
Review summary
Olymp trade review in 2023: reliable and time-tested broker for trading in the financial markets Forex (Fx), Fixed Time Trades (FTT).
Olymp has created the easiest to use, intuitive and reliable trading platform. Its simplified interface and streamlined technology enable traders of all skill levels to quickly master successful trading. It is one-of-its-kind platform dedicated to ensure that each of its users is being able maximize their earning potential. Download mobile app (free).
Start earning with millions of users around the world!
General Risk Warning: Trading carries the risk of loss. Derivatives trading provides a high level of return on investment, but is also associated with the possibility of losing your investment. Before starting trading, 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!
See also about "Olymp Trade":
Free education, how to trade on financial markets
See rating:
Best Forex brokers and trading platform in 2023.
Tags: olymp trade, review.
