Olymp Trade Review 2019 | Is Olymp Trade a Scam or Legit Forex Broker?

Read our Olymp Trade review to find out if Olymp Trade is a scam or a reliable forex broker. Unbiased Forex brokers reviews combined with user comments.
Olymp Trade
Olymp Trade Overview

At onlineforextrading.net we have readers-first policy. Thus, we always put our readers' safety as a priority in our business line. We will never just satisfy ourselves with Brokers' public information, however, go in-depth. Often we will also open live and demo accounts and test brokers directly! For the above mentioned, we stand on our toes checking all the ins and outs in a broker’s business history, biography and reputation. The very same standards apply in case of this Olymp Trade broker review.

Olymp Trade is an international online trading platform that has offered its services since 2014. The “Olymp Trade” brand belongs to Smartex International Ltd., 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.

# Broker's Features OLYMP TRADE Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 24 hour support

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will review Olymp Trade.

Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. Olymp Trade offers Online Financial Trading and Investment Services Such as Crypto-currencies, Currencies, Commodities, Indice.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. Olymp Trade is BrokerEXT_SMALL1.

Minimum Deposit Requirement: To properly understand if a broker is suitable for a certain trader, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. Olymp Trade recommended minimum capital is 10.

Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Olymp Trade is regulated by IFC. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Account currencies: Next lets consider the Account currencies each broker offers. Olymp Trade offers dollar, euro, ruble, Brazilian real, Thai baht, Ch different account currencies for each account types.

Languages Available: Next lets have a look at each broker's different Language options. Olymp Trade offers English, Thai, Indonesian, Portuguese, Spanish, Tu.

Payment methods: Next lets have a look at each broker's payment options. Olymp Trade offers Credit Card, QIWI, Skrill, Webmoney, Bitcoin, Yand different payment methods for each account types.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, Olymp Trade makes Olymp Trade platform available to clients.