Olymp Trade

Min. Deposit10$ Demo AccountYes, Free
  • Rating
  • Member of the International Financial Commission.
  • Trading app for both iOS and Android OS.
  • Free demo account whith 10000$.
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Financial markets continue to change and evolve and so does the technology. With that, people are now able to access a wider variety of markets through different products. OlympTrade.com is a website that allows you to trade or best on certain markets such as crypto or currency pairs. Utilizing Olymp Trade gives you access to markets that traditionally require large capital requirements. If you are looking for a review of Olymp Trade look no further, as this article will take a deep dive into what the platform offers. From there, you can determine if it is the right fit for you.

What is Olymp Trade?

Olymp Trade - Is it Reliable and Secure?

Olymp Trade is a trading platform that has been in operation since 2014. Through their platform, traders can utilize different instruments to access the markets of their choice. Beyond the trading platform, the company (Inlustris Ltd. Registration No.: 25161 IBC 2018. Registered Address: James Street, Kingstown, First Floor, First St Vincent Bank Ltd Building, Saint Vincent and the Grenadines) provides its customers with education options, which can better prepare for the markets and relating trading strategies. The methods used for education include webinars or one-on-one consultations. Along with the educational opportunities and trading platforms, numbers and transactions continue to increase according to their website.

Is Olymp Trade Reliable or a Fraud?

A certificate

If you’ve searched the web for a trading platform you’ve likely come across a few that trigger skepticism. However, according to Olymp Trade they are currently a member of the International Financial Commission, which they joined in 2016. Being a part of the Financial Commission gives traders a level of reliability as traders deposits may be refunded up to $20,000 in the event of fraud by the company. Achieving this designation and being a member of the International Financial Commission demonstrates a high level of quality and service.

However, if you still find there is an issue, Olymp Trade provides customer services that appear to act quickly. Customer services is something that can make or break company because when you deposit money you are building trust with the company, and one way to break trust is to have lousy customer service. 

What Kinds of Assets Can You Trade?

What Kinds of Assets Can You Trade?

Having the ability to trade a variety of assets isn’t critical, but certainly is a large benefit given how the markets change. With Olymp Trade, you have the ability to access may different markets including stocks of major companies, the various major indices, currency pair, as well as commodities.

Regarding the currency pairs, the normal suspects are available such as USD/JPY and EUR/USD. However, if you want to see the entire list for yourself, take a look at the Olymp Trade website. Along with the usual currency pairs, the stocks include Apple and McDonalds. Lastly, if you are looking to gain exposure to the cryptocurrency markets, you can trade Bitcoin, Litecoin, and Ehtereum. Utilizing Olymp Trade to trade crypto can benefit you because not only are there different products, all of your trading options are in one place so you have no need to switch between platforms. 

Free Demo Account – Best Way To Start Trading?

How to open your free demo account with Olymp Trade

If you are new to trading or new to Olymp Trade, start by opening a demo account as this the best way to get started. The first reason is it lets you test-drive the platform without risking your hard earned capital. Once you’ve test driven the platform for some time, you can make your decision then.

Should you be new to trading all together, opening a demo account allows you to find your rhythm, stride, and discover what trading is all about. Demo accounts allow you to test strategies and methodologies to begin discovering what trading style fits your needs best.

The demo account with Olymp Trade offers you $10,000 in virtual money to test the platform, giving you the ability to test everything risk free. 

Account Types

Account types explained

Once you have taken the time to utilize your demo account and become familiar, you have a few options look at when opening a live account. Many platforms offer a variety of levels and Olymp Trade is no different.

The first account is a simple and vanilla live trading account. If you are looking to simply fund an account and begin trading then this is likely for you. One of the benefits to using Olymp Trade is the minimum deposit is $10 and you can trade for a little as $1. Should you want to withdraw your money, keep in mind the minimum withdraw amount is $10.

Secondly, if you want to step up your account status you should look into the VIP account. A step above the regular account, opening a VIP account take $2,000 to open the account and by opening a VIP account, you will be a consultant, increased profit on trades, and a few other perks. Consider each account carefully because you want to ensure your money is working efficiently for you.

How Can You Become a VIP?

How do you get your VIP status?

Going slightly deeper into the VIP account, you can visit their website for more information regarding the VIP account. However, here are a few additional points to consider before opening a VIP account.

According to the Olymp Trade VIP trading page, as a VIP member you can get risk free trades, exclusive strategies, and private VIP webinars. When looking into these options, you may want to reach out and inquire about them to fully understand what you are getting. A $2,000 initial investment is quite large for some so it’s critical you are getting your monies worth.

Olymp Trade Mobile Platform & Apps

Olymp Trade mobile app for iPhone and Android

Having a mobile trading app in todays landscape is a must and Olymp Trade delivers. With an app for both iOS and Android, you will find what you are looking for. The benefits to having a mobile trading platform is you can access the markets when you are on the go. Planning trades in your office and monitoring them while you are away brings you a peace of mind. Not only that, but you can catch market moves as soon as they happen no matter your location.

Deposit Methods

There are many different ways to deposit funds into your Olymp Trade account. According to their FAQ page, you can deposit using the following methods: QIWI, Webmoney, Yandex.Money, NETELLER, Skrill, and Fasapay. You can also replenish account from your Visa or MasterCard. With this diverse list of deposit methods, one is bound to fit your needs.

Deposit methods

How to Withdraw Money?

Understanding how to withdraw your funds is just as important as any aspect of trading because you need to plan for cash flow. According to the FAQ page, you simply go to your dashboard and select withdraw. From there, you choose the method and submit your request. The maximum withdrawal period is 5 business days but Olymp Trade makes every attempt to process your funds within 24 hours. Even at the longest length of 5 days, this is a respectable withdraw timeframe.

Olymp Trade Terms and Conditions Explained

One of the final items to consider when opening an account, regardless of the platform is to review the terms and conditions of the company. Reviewing the terms and conditions will provide you with much of the legal information you need to understand before continuing with a platform.

Typically the Service Agreement is fairly straight forward, but it is up to you to determine if you agree with the content. For example, section 5.3 states Olymp Trade can refuse communication if you use profanity, an emotional valuation, or speak ill of the company. Also, ensure that you understand the laws with which the company is governed; in this case it is Saint Vincent and the Grenadines.

Should you want to read the full document, you can read it here. Other documents on the company’s website you should review include Regulation on Trading Transactions. This document will provide you with information regarding how the trading process happens and what must take place before the trade occurs. Also, you should know how the underlying asset is priced as this can make difference in the charting platform you utilize or the settings within.

A simple working knowledge of the legal documents should suffice and if you find anything you disagree with, send an email or simply move along to another platform. 

Overall Rating of Olymp Trade

Olymp Trade awards

OlympTrade.com appears to have their stuff in order and this can be a useful way to access markets that otherwise would require larger capital requirements. Also, access to these markets would normally take traditional accounts. With the margin requirements and software that many trading platforms require, Olymp Trade appeals to the masses as they offer a simple way to begin trading. As with any trading this style of investing may not be for everyone as with any market exposure there is a level of risk involved. It is up to you the individual to understand the risks and know if this is the right system for you.

Some of the drawdowns do include limited market range, as you can only trade the underlying assets they offer. Also, you may find withdraw times and limits are not up to your standards. Regardless, check out the service for yourself. As discussed earlier, you can open a demo account and test drive the platform without risk. Once you’ve gained a level of familiarity and become comfortable, there are two different accounts to fit your needs. Olymp Trade appears to be a solid company, but that is up to you to confirm.

  • محمود شورچه

    من بلد نیستم استفاده کنم راهنمایی هاتون رو بگید لطفا

  • Victor

    Just register, choose your language, and test it on demo account. High risk stuff, imho, but some people manage to profit.

  • Osvald Zeger

    A stable income without a strategy is unlikely, no good luck is going to last forever. So if you want to gain success, you should have an efficient strategy. To begin with, you might use the Olymp Trade information base with lots of data about the popular strategies. Besides that, you can always glean some info on their Youtube-channel or webinars if you care enough.
    For al that, you also need to realize that real money usually comes to those who have bothered to develop an original strategy, exclusive and one of the kind. In order to reach such a level, you have to practise and experiment really much. Not necessarily with a real account though: Olymp Trade provides all traders with a free demo-account

  • Polldrik

    Making deposit and withdrawal processes are very welled organized in Olymp Trade, from the beginning they offer a couple of working options both e-wallets and cards and this is awesome. Personally, I made a deposit and then withdrew the profit to webmoney, but I’ve hears that skrill is also convenient. The only important moment here, which is not mentioned in the article, is that you need to use the same way for money withdrawal as you used for making a deposit with a broker. I’m not sure if this is 100% obligatory, but in this case, you will definitely avoid any problems. But I saw quite a few questions on forums related to money withdrawal when people were making deposits for example from their cards and were trying to make a withdrawal to their e-wallets. As a result, they were always recommended to withdraw to the card and everything was just fine. I think support was giving the same recommendations.

  • Mulen

    Yes, they have such a condition. After all the struggle, I decided that withdrawing directly to the credit card is the most convenient option. This may require making an additional deposit from your card, but that’s just for once, plus you can choose a small amount. After that, you’ll be receiving money directly to your credit card, which allows to spend them right away. If you happen to choose the e-wallet withdrawal, here comes the trick: on the bright side, you’ll receive money real fast, but sooner or later you’ll have to transfer it from the e-wallet to your credit card, and that’s the whole point! Plus, this involves additional charges. You won’t be able to go shopping or eat in a cafe with an e-wallet – sadly enough, electronic money is still not a really common payment means.

  • Jim

    I was in a similar fate about 2 months ago, I lost some money to Blue Trading, about $50,000, I was devastated and sorted for help from various places, I even reported to the police and was told I wíll be contacted later on( I was never contacted till date). Gladly, I was referred to an intelligence and security agency, which specialize in dealing with such cases. I got a huge percentage of my money back in 3 weeks I will recommend them for you as well. My WhatsApp number is +447451227184

  • Centridar

    Payout ratio on VIP accounts is 92% – this is really powerful. Not very many brokers offer the payout ratio more than 90%, and this is only for the certain currency pairs, and more often it appears as a promotion, which doesn’t last for too long. But Olymp Trade always has 92% payout ratio is constant for all the main assets (of course if you have VIP status).

  • Victor

    I am from Nigeria and I just enrolled with Olymp trade demo account with some practice. Now I want to use the real life account. I already have a dollar account/domiciliary account with a Nigerian bank, with some dollars inside the account. Please, somebody should kindly advise me on the following two things:
    1) how should I connect my dollar account to my olymp trade account, so I can go life
    2) Should I get a Visa card or master card from the bank that will be linked to the account., which of the card and how will I link the card to my olymp trade account.

  • Victor

    My name is VictorA, inorder to separate it from the other Victor.

  • Alehandro

    First of all, Olymp trade is a broker that exists for a long time. And, as we can see from the article, it has a good enough reputation. For me, this is the main indicator. The second is the availability of a large number of indicators. Simple Moving Average, Bollinger Bands, Parabolic SAR, and others are present here. I also do not have any complaints about the withdrawal process. It is enough to follow a little guide, that can be found in this article or on the Olymp Trade website. I made it seven times already, and everything was smooth. I always used Skrill, but there are other ways to withdraw. I trade for six months already, and I got two unprofitable months only. Overall, I can recommend this platform!!

  • David markson

    These people cannot process a withdrawal I invested $45,579.00 with the broker wise banc and won a bonus of $156,834.000 I wanted to make a withdraw and they can’t process it, I have been trying to get my money out since mid- July 2018. I have given them all my banking information: routing number, acct number … and they cannot manage to produce the withdrawal. I kept getting messages saying they are working on it, I wasn’t able to withdraw my money from the account, thought I was not gonna see this day but God so kind. I was able to get solution to my withdrawals issue with my broker wise banc with the help of a recovery expert Mr David markson whom was recommend on the broker reviews, who helped me recover my funds including my bonus, I would not trust wisebanc to ever make my withdrawal go through so I had to seek help elsewhere and they already closed my account. They seem dishonest, I am happy I could get back my money from them, I advise everyone out there to be very careful with the brokers they invest their money with, in case you are reading this and you are already a victim of this fake binary broker, there’s still hope to recover your funds, feel free to reach out to Mr David via his email address:[email protected] and he will guide you on a simple step to take and get back your investment. Good luck

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  • Emetred

    It seems like you’ve got the wrong page, dude. Here we’re diiscussing Olymp Trade, not Blue Trading. But basically you’re right – one has to choose the investing platform very carefully in order to avoid scams. Before my cooperation with Olymp Trade, I conducted a very thorough investigation and chose Olymp from a dozen of other companies. Now I feel that my money is safe, so I’m sure I did the right thing.

  • Ernst Hoffman

    I am a senior citizen and have worked hard all my life and save some money. It all started when I initially deposited EUR 9000. Not a very big amount. My manager explained to me that in order to get decent returns I will have to add more to the existing amount. I went for his words and added more amount. I won few trades and also lost some. Again manager told me to add more amounts which I did as I was winning few trades. I told him I wish to withdraw the entire amount that I have invested leaving only my profit in my account and applied for it. Within few days manager informed that because of the mistake of the analyst I have lost money.  The manager started ignoring me and withdrawals are yet to come. Thanks to an investor who helped me recovery most of my lost funds, you can contact : iphonemaillingapps via Aol mail and share the testimony they shouldn’t keep ripping people off

  • Maria

    I had to leave this post here as a sign of gratitude . From my calculations, I made $5,200 in 1 week trading..since Mrs clara started managing my account,I haven’t experienced any regrets in continuing binary options trading,though i lost a lot when I started.but since i met her i have always been smiling, i feel so much joy each time i log in daily to see my trade records and balance..she is indeed a good expert,experience this for your self , action speaks louder you can contact her
    Email:[email protected]

  • Achientur

    I have found for myself that the longer is the expiration period for an option, the easier it is to make a decent, profitable trade. On the other hand, once you’ve opened your order, or entered the pending order time or price – you wanna be free to go anywhere and have fun. That would have been a miserable life if you had to be glued to the screen waiting for the opportunity to come. So mobile apps are really good solution to the problem. Now I trade only 1-2 hours a day. I open positions before american trading session starts. Then I go and enjoy a good time with friends and family. In order to satisfy my curiosity I glance at Olymp mobile from time to time to find out whether the situation has changed significantly or not.

  • Harikiran Jaine

    Why would anyone be in need of recovering their money lost with options trading? With Olymp there is only one way to lose money – make silly trades. Some people gamble and lose money, some tilt. In any case, this is a free choice of an individual whether he or she wants to invest time in self-education or not. If you don’t want to learn how to trade and do so with profits, if you prefer gambling to trading, than no doubtful and highly suspicious service can help you get your money back.

  • Gbeminiyi Olubukola

    I completely agree that one must not start trading with own funds before he or she learned to trade with demo account. This is great that Olymp offers demo trading account for free and at the same time allows demo-users to participate in all educational programs. The only thing I need to mention is that the other step is to start trading with very small risk and then gradually increase these risks. This way your mind will be able to adapt to stress.

  • Maggie

    It has been hard losing a lot of money to binary options and Cryptocurrency trading. My money has now been recovered, thanks to a recovery boss. You can reach me to share my experience and how I had my money recovered. Maggiealder12{at}gmail,com

  • George freddie

    The whole crypto currency investment is full of scam ,A lot of unregulated brokers and Account managers are operating illegally stealing fund from traders. I don’t comment on articles easily,but I need to share this for the sake of other followers.I lost my investment capital of over $340,000 USD to unregulated Binary option broker.After my account generated thousands of profits the requested for additional fee before my withdrawal request can be processed at the end I lost all my money.All my efforts to reach out to their customer support was unsuccessful, I was in pains and couldn’t tell anyone about it until my friend narrated how she also lost her fund until she met with Mr Frederick Morris who who helped her to recovered her money back . I narrated my story to her too and she advice me to contact same Mr Frederick Morris who specialized in helping all scammed victims with valid proofs to get their fund back , I contacted Mr Frederick personal email he instructed me to provide all legal details of my investment, I did as instructed.All like a dream I was able to recovered all my money back through the help of Mr Frederick Morris and other financial authorities. I want to encourage you reading this , don’t sit back and cry why your Account Manager or broker enjoy your money , contact Mr Frederick Morris he will guide you on how you can successfully get back your money . You can reach him via his Email .. [email protected] com

  • Juju Chan

    I had lost my pension funds to Monifinex Mining when I tried to make a withdrawal and it was impossible. I hired a Professional from the company I will recommended below who helped me recoup all my money. I want to share my experience to help other victims like me get their funds back without any hassle. I hope this helps others! so it might be worth having a chat with them to see if they can help you. Contact [email protected] aol.com or WhatsApp +12082688586

  • Johnnie Morris

    I like the fact that I can trade stocks with Olymp having that few money on my deposit. I don’t think any other brokerage allows that. The only thing you don’t get the dividends, but I’m not really interested in those as I’m a short-term trader.