Olymp Trade - Forex Broker information, rating, reviews

Olymp TradeOlymp Trade website
Status
Regulation IFC
Trading software Olymp Trade platform
Headquartered Inlustris Ltd., James Street, Kingstown, First Floor, First St Vincent Bank Ltd Building, Saint Vincent and the Grenadines

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.

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 Inlustris Ltd., James Street, Kingstown, First Floor, First St Vincent Bank Ltd Building, Saint Vincent and 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
Spread Type No spread
Pip spread on majors No spread
Leverage
ECN, $
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
Other instruments 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
Markets in Details: 24 July 2019

Germany posted a significantly weak Manufacturing PMI which showed the country's manufacturing activity experienced a sharp...

Market analysis
Olymp Trade
Markets in Details: 18 July 2019

Would you like to learn more about economic calendar and the following events? Our analysts will give you the fundamental picture of present situation and show their view on markets from the technical side.

Market analysis
Olymp Trade
Markets in Details: 17 July 2019

The Dow failed to close at a new high overnight as U.S. investors reacted to President Trump's latest remark that the U.Sand China still have...

Market analysis

Olymp Trade
Markets in Details: 15 July 2019

Would you like to learn more about economic calendar and the following events? Our analysts will give you the fundamental picture...

Market analysis
Olymp Trade
Markets in Details: 04 July 2019

Despite the fact that U.S. equities closed higher on Wednesday, the chip sector continued to underperform as it is one of the sectors, which...

Market analysis
Olymp Trade
Markets in Details: 03 July 2019

Yesterday, the head of the IMF, Christine Lagarde, received near-unanimous backing to lead the European Central Bank in Brussels, replacing...

Market analysis

Current Rating: 56 %, 44 %


Traders Rating:


Olymp Trade latest reviews

I withdraw 10$ from my olymptrade account to my Ewallet, it's been a day now, I haven't seen my money.

Famuyiwa Emmanuel   1 August, 2019  

Famuyiwa Emmanuel, hello and thanks for reaching out! Please, contact us: - via e-mail [email protected] - in live chat at www.olymptrade.com - in direct messages of our group https://www.facebook.com/olymptradecom/ We will help you with this issue! Best regards, Olymp Trade team.

Olymp Trade   1 August, 2019

After I'd upgraded my account to VIP level, I can say I really started earning with Olymp Trade. The 90% payout rate requires a smaller amount of profitable orders for you to trade in the black. The key point is having a reliable system - that's what I have, I've been developing it for years. Switching to VIP is a serious step, but I believe that this level is crucial for every professional trader in order to make good money on here. After all, it's really difficult to earn a living with an amount of less than $2000, especially if trading is your main activity.

Rhalith   25 July, 2019  

Rhalith, greetings! We are happy that you appreciate the benefits of the VIP-account. It is a really a serious step, when you feel ready to invest more in order to get more. Wish you a successful trading! Best regards, Olymp Trade team.

Olymp Trade   26 July, 2019

I have been demo trading for a while now, I'm really enjoying this platform but each time I try to fund my account with local bank card it keeps declining. I'm from Nigeria tho I really need to trade with live account, cause I believe I can trade now.

Chima smart   22 July, 2019  

Chima, hi there! You can use embossed bank cards Visa and Mastercard, as well as Skrill, Webmoney, Neteller for making a deposit. Please, make sure that your card matches the requirements. If it does, but you still have an error while depositing, please, contact us in online chat, via e-mail [email protected] or on Facebook https://www.facebook.com/olymptradecom/ We will help you! Best regards, Olymp Trade team.

Olymp Trade   22 July, 2019

If I could give 0 stars, I would. Trading on Olymptrade ended real quick for myself. I grew my account with 30% in a day and suddenly after I won my first 5 trades my account was abruptly limited immensely, so much so that it wouldn't even be worth trading. I proceeded to withdraw my funds and move to a different platform as I could no longer trade freely on Olymptrade. As soon as I started my withdrawal, my account was being investigated. This "investigation" was suppose to last 10 days, it took 13 days. Next, I proceeded to try and withdraw my funds, which they ended up cancelling my withdrawal and and proceeded to withdraw a much smaller amount. So far it's been over 25days since I started the first withdrawal and I'm still waiting for my money. Rule of thumb: If you're making money on Olymptrade, they will close your account down. Worst platform ever

Jerry   8 July, 2019  

Jerry, hello! It's a pity that you have made such a conclusion about our company. Verification is a standard procedure for each trader on the platform, it may be required any time. All transactions on the account can be made by user, the company has no access to trader's funds. You can tell us the ID of your account, we will check everything and gime our comment! Best regards, Olymp Trade team.

Olymp Trade   8 July, 2019

What you are saying is very weird. I used to close even more than 5 deals in one day and everything was ok with the trading. And with the further withdrawal as well. Yes, there were some checkups, but they took less than 24 hours, and after that, I could do the withdrawal. Maybe you got something wrong? How did you discuss this with the support, through the e-mail or in chat? Usually, if there is a question, they help immediately, and they answer all the questions very adequately.

Strister   13 August, 2019

Olymp Trade is one of the platforms I use in trading, but mostly, I use it to trade options. Investing here is not a bad idea at all because I've been earning here. Tip to newbies tho: please make use of the demo account very wisely before you use the live. Practice makes perfect.

Bianca Santos   29 June, 2019  

Bianca, hello! Thank you for the review! Have a successful trading! Best regards, Olymp Trade team.

  


Share it on:   or