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.

Average broker rating

2.8/ 5

Rating breakdown

Protection & Regulations
40% Complete (danger)
2.0/5
Trading platforms
20% Complete (danger)
1.0/5
Tradable Products
100% Complete (danger)
5.0/5
Deposit and withdrawal
100% Complete (danger)
5.0/5
Trading Fees
20% Complete (danger)
1.0/5
Support
60% Complete (danger)
3.0/5
# 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 Cryptocurrency-currencies, Currencies, Commodities, Indice.

Tradable Products: Olymp Trade offers trading of currencies, indices, shares and commodities - binary options only.

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

Features: On top of the standard tools that are offered by the website, Olymp Trade also offers other friendly tools that can promote a satisfying trading experience: Pending trade tool. This is a result to sell or buy a particular option within a set time, or when an asset has reached a targeted price.

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.

Investor Protection & Regulations: Olymp Trade is regulated by the FinaCom (Hong Kong).

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.

Olymp Trade offers a demo account for practicing trading skills and get familiar with the broker’s trading platform.

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/Debit Cards, QIWI, Skrill, Webmoney, Bitcoin, Yand different payment methods for each account types.

Deposit and withdrawal: For deposit real money on the platform, you can use different payment methods. It always depends on your country of residence which payment methods are accepted. The minimum deposit is only 10$. You can start trading with 1$ investment amount each trade.

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.

Web & Desktop Trading Platforms: OlympTrade uses its proprietary trading platform where registered traders can choose to trade different currency pairs and commodities.
Mobile Trading Platforms: The mobile app of Olymp Trade is available for Android an Apple (iOS) devices. Also, you can use a tablet for trading. You can install the app within 1 minute by downloading it from the app store. In the picture below you will see a direct screenshot of the app.

Other

Trader Education
OlympTrade also has an education section with articles and videos available to only the registered traders. Here beginners can get access to the beginners’ course which only takes 15 minutes. There are also different trading strategies that are explained, and also videos that provide further information. Any learning materials are easily accessible from the OlympTrade Academy.

Promotions
Olymptrade doesn’t offer bonuses and signup incentives that are usually offered by most of the online trading platforms nowadays. Instead, they offer their traders with the lowest level of investments possible. Registered members of Olymptrade can trade with the minimum amount of $1.

Support
Just as with most trading platforms, the OlympTrade has a very responsive and supportive customer support team. This forms the basis of the relationship between any trading platform and their traders.

Recup
Olymp Trade offers very good trading conditions for trading options and forex on one platform. The software is professionally designed and easy to use by beginners and advanced traders. You can customize the chart for different strategies like you want. Another advantage of the broker is that you can start trading with a small deposit of 10$. Also, the minimum investment per trade is only 1$.

Final Thoughts
In conclusion, Olymp Trade is not so popular without reason. You get very fast access to the financial markets and you can trade with a very high return of investment on the platform. It is a trusted and recommended broker.

Trading Experience
Traders and interested students of investing can watch live stream on Facebook, or join webinars that are hosted on YouTube.

People Also Asked

Is Olymp Trade regulated?
Yes, Olymp Trade is regulated by top-tier regulators, IFC inclusive.
Where is Olymp Trade based?
Olymp Trade is based in St. Vincent and the Grenadines
How does Olymp Trade make money?
Olymp Trade charges a spread between the bid price and ask price. It does NOT charges a commission.
How do I deposit in Olymp Trade account?
With Olymp Trade you can deposit money via the following means; Credit Card, QIWI, Skrill, Webmoney, Bitcoin, Yand.
How do I withdrawal in Olymp Trade account?
Olymp Trade lets you request a withdrawal of funds from your account via the following means; Credit Card, QIWI, Skrill, Webmoney, Bitcoin, Yand.
What is the minimum deposit for Olymp Trade?
Olymp Trade has $10 minimum deposit.
What are the available account base currencies with Olymp Trade?
Olymp Trade trading accounts are offered in dollar, euro, ruble, Brazilian real, Thai baht, Ch. If your country's currency isn't included in the list, you will need to open an account with another currency base.
What is the max leverage in Olymp Trade?
Olymp Trade has a maximum leverage is 1:N/A for professional traders.
How do I open an account with Olymp Trade?
Opening an account with Olymp Trade is a three-step process. First fill out the registration form, second is to send verification details to the verification department and lastly is to fund your account.
Does Olymp Trade use MetaTrader?
Olymp Trade platforms: No, Olymp Trade do not use MetaTrader but it uses the following platforms: Olymp Trade platform
What type of broker is Olymp Trade?
Olymp Trade appears to be a Broker broker which offers market access to a variety of traders.
Does Olymp Trade accept US clients?
No
Does Olymp Trade offers Islamic accounts ?
Yes
What financial instruments can I trade?
You can trade a wide variety of instruments with Olymp Trade: You can trade a wide variety of instruments with Olymp Trade: Cryptocurrency-currencies, Currencies, Commodities, Indice

Are you Satisfied with what They Offer?