Olymp Trade Review – New Crypto Trading Broker

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Contents

Is Olymp Trade Scam? – Broker Review 2020

Review: Regulation: Min. Deposit: Yield:
(4.8 / 5) IFC 10$ 92%+

Is Olymp Trade a reliable Digital Options and Forex Broker or not? – In this review, I will show you my test results of the company. Olymp Trade offers the possibility to bet on rising and falling markets to get a high profit/payout. Is it really worth to invest your money or not? – Now read more about it in this review.

The official homepage of Olymp Trade

What is Olymp Trade? – The company presented

Olymp Trade is an international Broker for Digital Options and Forex. The company is based in Suite 305, Griffith Corporate Centre P.O. box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines and managed by Walfort Limited. Since 2020. The Broker is regulated by the International Financial Commission. Traders are protected by a 20,000€ compensation fund. This is a really big advantage of this broker.

The broker offers you a free demo account to practice the financial instruments on the unique trading platform. Also, there is a phone, chat and email support. If you deposit 2000$ or more you can get a direct account manager and better support with special education and bonuses. In conclusion, it is a very experienced broker with knowledge. They pay out more than 9 million $ every month.

Facts about Olymp Trade:

  • Broker since 2020
  • Regulated by the IFC (20,000€ compensation fund)
  • Free demo account
  • Good and professional support
  • Trade Digital Options and Forex on one platform
  • Free education for the best success

For the first impressions, Olymp Trade offers a clearly structured and well-built website. Compared to other brokers they want to give the trader more than only Digital Options. As a customer, you got access to intensive education information about how to trade successfully. In addition, the broker provides his traders actually an analysis of the current market status. This is the best basis for becoming a professional trader.

Regulation and safety of the broker

Is Olymp Trade regulated? – As mentioned before the company is officially regulated by the IFC. This is a big advantage compared to other Digital Options Brokers. It is the most important point to check before you invest money with an online broker. The IFC acts internationally and is based in England and Hong Kong. The broker is regulated by category A. This is the highest category. The regulation checks out the trading technology and the reliability for customers.

By doing a violation of this license they would lose it. Traders can contact the IFC to report their problems with any broker. The IFC is neutral support who will clear this case of complaints.

Olymp Trade official regulation

Moreover, the website belongs to Inlustris Ltd where the agent is Walfort Limited. This is a company with the registration No. HE364695 based in KPMG Center, 1-st floor, 1 Agias Fylaxeos Street, 3025 Limassol, Cyprus. All in all, financial regulation and the company registrations show me that Olymp Trade is a legal and legit online broker.

Facts about the regulation:

  • IFC regulation
  • Monetary compensation up to 20,000€
  • Registered company in Cyprus with No. HE364695

The conditions to trade with Olymp Trade

Olymp Trade offers you a free demo account. For trading with real money, you have to deposit the minimum of 10$. Sometimes there is a deposit bonus which doubles your money or you can get risk-free trades. The start amount for a trade is 1$ and the maximum is 2000$. VIP accounts can trade with maximum 5000$ in one trade.

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More than 200 different assets are available to trade on the platform. The trade execution is out of my experience very fast. The yield/return for normal accounts can be between 75 – 95%. In the VIP Account, you can get higher returns of 92%+. In conclusion, Olymp Trade gives a trader all the options he needs.

Facts about the conditions:

  • Only 10$ minimum deposit
  • Start trading with 1$
  • Free demo account with virtual money
  • Maximum trade is 2000$, VIP 5000$
  • Over 200 assets with high profit (92%+)
  • Trading 24/7
  • Forex, Cryptocurrencies, Stocks, ETFs, and more

Trading with Digital Options follows a very simple principle. Just make a forecast for the price direction of the markets in a certain expiry time and bet on rising or falling markets. You have to predict it correctly to get a high return on investment. On the platform, you can trade short-term or longterm trades (read more below). Digital Options are available for a diversity of underlying assets. The broker offers popular stocks for example of the S&P 500 and more other indices. Trade forex, commodities and cryptocurrencies 24/7 via computer or smartphone.

Assets: Support: Trading on weekend: Trade execution:
100+ Forex, Crypto, Stocks, Commodities 24/7 Phone, Chat, Email Yes Very fast and no laggs

Review of the Olymp Trade Platform

In this review of Olymp Trade, it is important to look at the trading platform. At first glance, the platform looks very clear and user-friendly. After some practice, you will feel very comfortable. With Olymp Trade you can use the version for your computer or for your smartphone/tablet as an app.

There are a lot of functions in the interface. Do one click trades and sell options early before the expiry time. It is possible to develop different strategies with free indicators and technical analysis in a separate window. You can easily customize the chart. It is possible to trade 24/7 on this platform (crypto-currencies and OTC for example). The biggest advantage is the use of demo and real account in one window. You can change between the two accounts in a few seconds.

Facts about the platform:

  • Flexible and user-friendly platform
  • One-click trading
  • Sell options early
  • Use free indicators and strategies
  • Get VIP Signals for high profit
  • Change between Digital Options and Forex Trading

Charting for professional trading

As you see in the upper picture Olymp Trade offers multi-chart. That means you can open more than one asset at the same time. The chart is available in different types and you can customize it by yourself. The charting software works very smooth and without any lags. For example switch between different timeframes within less than 1 second.

Charts:

  • Line Chart
  • Candlesticks
  • Bar Chart
  • Mountain Chart

Free indicators are available

Indicators are necessary for technical analysis and strategies. Olymp Trade offers a huge range of indicators. There are more than 20 different types to use. Just add them by one click. In addition, you can customize the period, color and more by the trading platform. Use the indicator like a confirmation for your technical analysis. You can improve your profit by using RSI, Bollinger Bands, Moving Average and more.

Drawing tools for Technical Analysis

Also drawing tools are available on the trading platform. Horizontal lines, vertical lines, trend lines, and Fibonacci can be used by traders. In conclusion, Olymp Trader offers a wide range of different tools for analyzing the assets. The platform provides a trader what he needs to trade successfully.

Available for any device

Olymp Trade Mobile Trading (App) for any device

Nowadays it is important for brokers to provide a mobile platform. Trades want to trade with their smartphone or tablet. Check out your portfolio and opened position while you are on the road. The app is available for any device and there are the same functions as in the web-based version. From my experience, the mobile app runs quickly and without lags. It completes the portfolio of the broker.

Trading tutorial: How to use Olymp Trade?

Olymp Trade offers to invest in rising or falling markets. You can buy short (put) and long (call) Digital Options or trade Forex. The financial products are very flexible and tradeable for different underlying assets. The advantage of Digital Options is that the risk is limited to the bet amount and you can earn a high profit in a short period of time. Also, long time horizons for trading are available on Olymp Trade.

For Forex Trading you are not limited by time but the market has to move more prices into your favor in order to make high profit. In the next section, I will explain to you how to trade with Olymp Trade.

Example Digital Options – EUR/USD – 92%:

Make a forecast of the EUR/USD in a certain expiry time. Buy or sell the asset with a Digital Options. If the market moves in your direction, you will get a high payout of 92%. 1000$ investment means a return of 1920$. 1000$ is the return of your bet amount and 930$ is the profit. For example, this can happen on a time horizon of 60 seconds or longer.

Earn up to 93$ in a small time horizon with Digital Options

  1. Select an asset based on the return or your analysis
  2. Select a chart type and do a forecast of the movement
  3. Choose a trade time
  4. Choose your investment amount
  5. Start trading (invest in falling or rising prices)
  6. Wait till the trade ends (The price have to be above or below your entry point)
  7. Earn a huge return or lose your invested money

Example Forex Trading with Olymp Trade:

Choose an asset you want and make a forecast like with Digital Options. The difference is now that your profit is depending on the market movement. In Forex Trading you buy or sell an asset and now you have to wait if the price is falling or rising. The more the price goes in the direction of prognosis, the greater the profit. For Forex Trading you can use a leverage of up to 1:500 and use a loss limit (stop loss) and profit limit (take profit).

Forex Trading with Olymp Trade

  1. Select any asset you want (currencies, cryptocurrencies, ETFs, stocks, commodities)
  2. Make a successful chart analysis
  3. Choose your investment amount (be careful because it is leveraged trading 1:500)
  4. Use a market order (by asset price) or limit order (by time)
  5. Select risk limits (stop loss and take profit)
  6. Start trading and earn money when the price is falling or rising

Free and unlimited Demo Account

Another important criterion for a reliable broker is the demo account. It is an account with virtual money. So you can trade without risk. Most traders get their first experience with this account by practicing their first trades. The account is useful for getting your first impression of the broker. Beginners and advanced traders can improve their strategies without risk.

Olymp Trade offers a free and unlimited demo account. As a trader, you can switch with one click between the demo and the real money. If you feel comfortable, start trading with real money. The conditions on these 2 accounts are the same and there is no difference.

Sign up on this form below and get a direct access to the trading platform:

Open your real account

With Olymp Trade you got only one account. The advantage is that you can switch between the demo and real money with one click. Just register with your full name, email, phone number, and a secret password. You can choose between a euro or dollar account. In addition to that, you can start trading directly with real money after the deposit. In my opinion, you should verify the account first because the broker only can withdrawal to verified accounts. It only takes a maximum of 10 minutes to verify your account. In addition, you can activate some features for more safety (picture below).

Account types review: VIP status and basic account

I like it that Olymp Trade offers some traders the VIP account. You have to deposit more than 2000$ for the VIP status. The VIP traders get better support and more education like webinars for trading. In addition to that, there are VIP managers who will help you in any situation and the maximum trade limit is higher (5,000$).

The biggest advantage is the high return of 92% or more. The chance of making money is higher than in the regular account. In conclusion, I recommend using the VIP account for trading.

Fast withdrawal and deposit with Olymp Trade

Just deposit and withdrawal with different payment methods in a few seconds. The deposit is as easy as the withdrawal. The withdrawal system works very fast and they payout in less than 3 days. Sometimes I waited for my withdrawal only 10 hours. Use your bank card (MasterCard, debit card, credit card) or an electronic payment system (Skrill, Neteller, Epayments, Yandex). Also, you can use Bitcoin. Sometimes the payment methods depend on your country.

There are no hidden fees for your transactions. This is a big advantage for Olymp Trade.

These payment methods are available:

  • Credit Card (Visa/Master)
  • Skrill
  • Neteller
  • WebMoney
  • Bitcoin
  • Yandex
  • Qiwi
  • ePayments
  • Read my full “deposit tutorial” with real money
  • Read my full “withdrawal tutorial” with real money

Olymp Trade fees and commission review

Olymp Trade does not charge any fees for deposits, withdrawals, and trading Digital Options. Sometimes it can happen that your payment method is charging a small fee. For Forex Trading is a small trading commission charged. This fee is depending on the market situation and the asset. You can see transparent the trading fee on the platform.

In conclusion, there are no hidden fees and Olymp Trade is one of the few brokers which charges no fees on deposits and withdrawals.

Bonus and conditions

Olymp Trade offers a range of deposit bonuses. The bonus depends on the amount and on the promotions. Sometimes there are special promotions for new customers.

For example, you do a deposit of 1000$ in your account and activate the bonus of 100%. Now you get the balance of 2000$ and 1000$ is additional money gifted by the broker. Now you can trade with more risk and money to improve your profit. It sounds very easy but you have to be a successful and profitable trader.

Most brokers have restrictions for their bonus offers like a turnover of the trading volume. Not so with Olymp Trade. You can withdraw your money and profit at any time but it is not possible to withdraw the bonus. In conclusion, the bonus can be used to earn additional profit but can not withdraw.

Facts about the bonus:

  • Olymp Trade offers a free bonus
  • There are no restrictions for you account balance
  • You can not withdraw the bonus
  • The bonus can be used to make additional profit
  • Read more about the Olymp Trade Bonus Conditions

Are Robots and automated trading allowed with Olymp Trade?

Attention:

Robots and automated trading tools are not allowed with Olymp Trade. If the broker finds out that you are using automated trading your account can be banned forever without warning.

On the internet, you will find a lot of different Olymp Trade bots or robots. From my experience, these systems are fake and they try to steal your money. I recommend it never to try any automated strategy or system which you will find on the internet without any proven statistic. So it is fake news that you can use a robot with Olymp Trade.

Robots are scam and fake

Olymp Trade does not allow robots and automated tools to protect its customers because there are a lot of scammers with automatic trading systems. In conclusion, you should never use any Olymp Trade robot or automated bot.

Webinars, Strategies and more – Olymp Trade education

The education is provided for beginners and experienced traders with Digita Options and Forex Trading. Learn more about new strategies, economic news and the psychology for traders. The range of education is very big. You can see the last webinars as videos in the education center. I did not watch all the videos yet because there is so much information.

The advantage is that everybody can use the education center. Just create a demo account an learn how to trade successfully. Start trading with virtual money and when you feel comfortable you can deposit real money. Earn hard dollars with the right knowledge.

Support and service for traders

Another important point of this review is the support and service for traders. From my experience, the support is very competently and works fast. Traders got a range of possibilities to ask questions. First of all, you can use the FAQs (frequently asked questions). Also, direct contact via chat and phone is possible. Another advantage is that the broker got well-educated account managers for VIP-Accounts. They are personally available for bigger clients. In conclusion with more than 8 different languages, the support is reliable and recommendable.

Facts about the support:

  • 24/7 Support
  • Account Managers
  • Fast and professional support
  • More than 8 different languages
  • Vip training

Which countries are available?

As mentioned before the support speaks more than 8 different languages. Also, the website is available in more than 13 languages. The broker tries to improve its service for international clients by getting more additional service employees. Digital Options and Forex Trading are growing fast around the world but there are some countries where Olymp Trade does not provide its service:

These countries are prohibited: European Union, USA

Asian and Africa is the fastest growing region for Digital Options. Many traders ask: Is Olymp Trade legal in India? – Yes, it is. There are no restrictions for trading binary in Asia, India, and Africa. The Broker tries to improve its service in these countries.

The fastest growing countries are:

Support: Operates: Phone: Adress:
Phone, Chat, Email 24/7 +27 (21) 1003880 – Cape Town, South Africa
+54 (11) 59175747 – Buenos Aires, Argentina
Suite 305, Griffith Corporate Centre P.O. box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines.

Review conclusion: Is Olymp Trade real? – Scam or reliable Broker?

Olymp Trade is interesting for beginners and advanced traders. In conclusion, it is a very reliable broker for Digital Options and Forex Trading. The company provides a very good service since 2020. I tested the platform in detail to provide you good feedback. I have to mention the platform gives you the best execution for trades and you can customize it as you want.

Usually, the yield/return for normal accounts is between 75 – 95%. It depends on the asset and market you are trading. Otherwise, you can get a higher return with the VIP account. At the moment Olymp Trade is one of the best Online Brokers for private trading. I did not notice anything bad during this test.

Advantages of Olymp Trade:

Start trading with only 10$

Very good and professional trading platform

Trade Digital Options and Forex on one platform

Fast withdrawal and deposit

Free education for successful trading

Olymp Trade is one of the best addresses for Digital Options Traders. Earn a high profit in a small time horizion with a regulated company (4.8 / 5).

Olymp Trade Review 2020

We are writing our third review about Olymp Trade. Why do we do that? Because we at Options Reviews believe it’s important to watch every broker to check out on their services from time to time, to see if they have new products and how do they treat their traders. Sometimes we see changes for the better, sometimes unfortunately for worse, but we need to make sure you know what is going on. We are checking Olymp Trade regularly and we can see progress every time we write about them. According to market data it appears that traders are aware of that. In terms of search volume on google and other search engines, but also in terms of trading volumes achieved in Olymp Trade trading platform it’s obvious that this broker has grown in popularity. All of that happened for a good reason. Let us explain to you why is that so in this Olymp Trade Review 2020. Keep on reading to find out about returns, deposits, pricing and payout, banking options, customer service, bonuses for new traders and much more!

Olymp Trade Review 2020 | Introduction

We are talking about broker that had four candles on their birthday cake this year. Olymp Trade was established in 2020. Broker is owned and managed by Smartex International Limited. Registration No.: 144540. Registration address: 103 Sham Peng Tong Plaza, Victoria, Mahe, Seychelles. However payments, both incoming and outgoing are managed by a different company. That company is Wallfort Limited; registration No. HE364695, registered at: KPMG Center, 1-st floor, 1 Agias Fylaxeos Street, 3025 Limassol, Cyprus. That company is referred to as payment agent. This is not unusual, actually most brokers have their system setup this way. Smartex International is responsible for the actions of payment agent (Wallfort) as though they were its own actions according to their own terms and conditions. There is nothing new in this section compared to previous years. Keep reading our Olymp Trade Review 2020 for more info!

Olymp Trade Review 2020 | Awards

It’s important to note that Olymp Trade has received many international rewards, most notable of these rewards are: “Best Financial Broker” by CPA Life Awards in 2020, “Best Options Trading Platform” by Le Fonti in 2020, “Best Options Broker” by KROUFR Awards in 2020, The “Fastest Growing Broker” by ShowFX World in 2020, “Best Options Broker” by Forex Expo 2020, “Innovative broker” by IAFT Awards in 2020 and last but not least “Best Options Trading Platform” by Le Fonti in 2020. So this broker has been consistently recognized for its excellence in the recent years.

Olymp Trade Review 2020 | Key Information

This is section of broker review our readers usually can’t wait to get to. Here is short list of most important information about Olymp Trade:

Regulated or Non-Regulated Broker: Since February 2020, Olymp Trade joined the international Financial Commission. This means this broker is regulated. If you get into trouble with this broker all you need to do is to contact FinaCom.

Maximum Returns: up to 93%

Minimum Deposit: 10$

Transparency with Pricing and Payout: Withdrawal is done in 24 hours

Banking Options (Cards, eWallets&Wires): QIWI, Yandex, Webmoney, Neteller, Skrill, ePayments, Maestro, Visa, MasterCard, Fasapay, Bitcoin

Range of Assets Available for Trading: 76 assets

Software Platform: Olymp Trade trading platform (proprietary)

Customer Service: 24 hours a day, 7 days a week.

Best Trading Features: The lowest required deposit and minimum trade amount in the market

Excluded Countries: Gibraltar, the Isle of man, Guernsey, Jersey, Australia, Canada, the United States, Japan, Austria, Belgium, Bulgaria, Croatia, Cyprus, Lichtenstein, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Iceland, Italy, Israel, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Norway, New Zealand, Poland, Portugal, Romania, Russia, Slovakia, Slovenia, Spain, Switzerland, Sweden and United Kingdom.

Binary Brokers Bonuses: Bonus up to 100% of deposit if trader makes deposit within 1 hour after registration

Supported Currencies: USD, EUR, RUR

Olymp Trade Review 2020 | Key Information Differences From 2020

Maximum payout grew from 90% to 93%. Previously withdrawal could be done in one business day, now it can be done in 24 hours, meaning you can get your money on weekends! Plus there are no fees on withdrawal and no limit on size of withdrawal amount. There is obvious reduction in number of assets available for trade. It use to be up to 110 assets, these days it is possible to trade more than 76 assets.

They have added cryptocurrencies which is great, they are very popular to trade, but they seem to have made cuts in number of traded commodities and some stocks. But all the most popular stocks like Google remain. Usually most of trading is done on currencies and cryptocurrencies and Olymp Trade platform has more than enough options for these assets. If you are USA or EU citizen you still can’t trade with Olymp Trade. There is a lot of banking methods for both deposit and withdrawal, same as last year.

What also remains the same as last year is their super low minimum deposit requirement of 10$ and low minimum trade of 1$. These two features really make Olymp Trade right broker for traders with any budget. No wonder their popularity grows in all countries, especially from developing world. Banking methods are pretty much the same as last year. Which is not bad at all, available banking methods are: QIWI, Yandex, Webmoney, Neteller, Skrill, ePayments, Maestro, Visa, MasterCard and Fasapay. These can be used for both depositing and withdrawing your money. Keep in mind that you need to use the same method for depositing and withdrawing your money.

Due to increasingly restrictive laws less and less brokers are offering their services in EU countries. From mid-last year Olymp Trade is one of those brokers. It appears dealing with EU citizens brings more trouble than profit. EU tends to overregulate everything from food production to online options trading. Much to dismay of many EU citizens…

Olymp Trade Review 2020 | Account Types

In this field there is one change. There are three instead of two types of accounts: demo account , regular trading account and VIP account. All three accounts are free to open. Actually when you are opening trading account you get demo account for free. And you should use it to the max. Thing is, you can open both accounts before you deposit any funds. This means that you can practice trading for free on demo account. Demo account is the same as real trading account. Difference is of course that you get virtual money on the demo account. So you don’t lose money, but you can’t profit either. Anyway, once you master trading on demo account you can make a deposit and trade on real trading account. There you can make actual profits.

VIP account is separate story. It provides many benefits to traders: personal analyst, increased profits, unique strategies, higher limit and risk free trades. These are great perks and they can make your trading experience really awesome. That VIP touch is something that’s fresh in Olymp Trade offer and really ramps up their offer, making them one of premium brokers. There is one catch though. Vip account is just for traders that are ready to deposit more than 2.000$. Smaller deposits get regular trading account.

Olymp Trade Review 2020 | Bonus

When opening your free trading account with Olymp Trade you will be offered bonus. It’s up to you to accept it or refuse it. There are good reasons for both options. Reason for accepting bonus is obviously the bonus amount itself. Bonus amount can be up to 100% of your deposit. Which is really high and it can be great boost to your balance. That sounds great, but what is downside? If you read Olymp Trade service agreement carefully, you will find out that when you trade funds you have deposited from your bank/credit card are used first and only after these are exhausted bonus amount gets to be used. Broker won’t let you withdraw bonus amount until you reach certain level of trading volume, which might prove to be too much. In Olymp Trade terms there is no mention of exact trading volume you need to achieve, but it’s usually 40 times the deposit amount. Keep this in mind if you wish to accept bonus amount.

Olymp Trade Review 2020 | Cryptocurrency Trading

For the first time last year Olymp Trade has enabled trading cryptocurrency options on their trading platform. And it was a hit! Although in 2020 we saw decline of cryptocurrency market, since it has become bear market, there is still a good chance to make money trading cryptocurrency options. How? Very simple, by trading options you can win money whether the price goes down or if it goes up. So it doesn’t really matter that it’s bear market out there. Crypto assets available for trade are: Bitcoin, Ethereum, Ethereum/Bitcoin, Litecoin/Bitcoin, Bitcoin Cash (BCH), Bitcoin Gold (BTG), Ripple (XRP), Monero (XMR), Dash (DASH), Zcash (ZEC), Ethereum Classic (ETC), Litecoin (LTC). Ethereum/Bitcoin and Litecoin/Bitcoin pairs are new in Olymp Trade trading platform. So far cryptocurrencies could be traded only in USD, but now you can trade in bitcoin.

Olymp Trade Review 2020 | Mobile Apps

Great thing about Olymp Trade trading platform is that it’s available on any device. You can trade on desktop computer, but you can also do the same on tablet or smartphones. There are iOS and Android apps that you can download and install on your smartphone, but you can also trade on mobile web if you wouldn’t like to install app on your phone. We can witness from the first hand that both apps and web mobile trading platforms are really easy to use and very user friendly. You can easily open charts and browse information.

Apps and mobile web enables you to trade from wherever you might be. You don’t need to sit in front of your computer at home. Trades can be conducted while you are commuting to work or just sitting in the bar waiting for your friends to show up. Apps seem to be quite popular. Android app has been downloaded for more than 10.000.000 times at the time of writing this article. Average rating is 4,1 out of 193.000 ratings people made on the android store. On itunes there is no information about number of downloads, but there is information that 4,3 thousand people rated the app and it has average rating of 3,9.

Olymp Trade Review 2020 | Money Deposit

As we mentioned above, available banking methods are: QIWI, Yandex, Webmoney, Neteller, Skrill, ePayments, Maestro, Visa, MasterCard and Fasapay. Minimum deposit is 10$ which is among the lowest on the market. Big number of banking methods and such a low minimum deposit makes Olymp Trade really good deal for most traders. It’s doesn’t take a lot of money to start trading and it’s really easy to make a deposit and you are ready to go! There are some rules that you need to be aware of. Make sure you deposit money from the same source (e.g. credit card) to which you will be withdrawing later. You are not allowed to make deposit from one source and then withdraw to the other. Deposited amount is visible in your trading balance immediately after depositing process is completed.

Olymp Trade Review 2020 | Money Withdrawal

Once you request your first withdrawal Olymp Trade will ask you to provide your personal information and it will be necessary to provide documents that prove your identity. This is due to Olymp Trade KYC policy. This way they make sure their services are not misused for money laundering. This is legal obligation so you need to be patient. They solve these KYC things very fast (usually in 1 day) so you won’t wait for you withdrawal for long. Besides you need to do this just once. For consecutive withdrawals you won’t be going through this process, you need to prove who you are just once.

Documents you are required to provide are: a colored copy or scan of your identity card, a colored copy or scan of your passport and driver’s license and a utility bill with your address on it. It may be enough to provide just color scan of your ID and utility bill. They need to have the same address on them. If you don’t have utility bill with your address you can use any document issued by government or your municipality office that is not older than six months.

Withdrawal is done in just 1 working day, that is if you don’t count 1 day for KYC. So generally once you have done KYC process you can count on this broker to pay out your profits within one business day, which is really fast. Sometimes, if you request withdrawal in the morning you will have your money by evening the same day.

Olymp Trade Review 2020 | Customer Service

Customer service, also referred to as customer support is one of most important features of any broker. Here you can see if broker is real deal or scam. In terms of customer support Olymp Trade really excels. In our testing session their customer service team did their best to assists us, whether we asked help during trading or with money withdrawal. User reviews we have found online have generally positive tone about Olymp Trade customer support.

How to reach them? You can open live chat on their website at any time. Secondly, if you like you can contact them by phone, there are two phone numbers available, one in Cape Town, South Africa and the other one in Buenos Aires, Argentina. So you can get support you need in different time zones and on different languages. We contacted them in English, but they claim to offer support in different languages: Russian, Indonesian, Portuguese, Thai and Turkish. Besides phone, you can contact them by email, but in that case you don’t get immediate response. They do however guarantee to get back to you within 1 business day.

Olymp Trade Review 2020 | Conclusion

To wrap up this years review we must first tell you that Olymp Trade has kept the same level of service quality as the last year. But this year they have added new additional services and products to their portfolio, also there were some changes for worse. Here are the novelties:

  • Maximum payout grew from 90% to 93%
  • Reduction in number of assets available for trade from 110 assets to 76 assets
  • Increased number of countries where they aren’t offering their services. This list includes EU countries due to EU regulation. To be fair this is the same with all regulated brokers
  • VIP account available with a lot of perks for traders that deposit more than 2.000$
  • Ethereum/Bitcoin and Litecoin/Bitcoin pairs available for trading. This means you don’t need to trade in fiat currency, you can use bitcoin
  • Withdrawal can be done in 24 hours

Besides all those new features they still remain good old features that make them one of best brokers out there: minimum deposit of 10$, minimum trade of 1$, customer service that works 24/7 offering support in several different languages. Other than that, it’s important to mention that Olymp Trade is regulated broker which is very important if you run into trouble when dealing with this broker. There is financial authority you can complain to – International Financial Commission. What does that mean?

  • Indemnification – Up to €20,000 from the Compensation Fund if you are a victim of broker fraud
  • Legal assistance – Assistance in resolving your issue
  • Full access – Free trading tutorials and information for every Financial Commission participant

If you are considering trading with this broker you can open free trading account with Olymp Trade simply by clicking on the button below this text. Create your account and enjoy trading!

Olymp Trade Review

Olymp Trade

Reason to avoid: No License

Listed Date: January 11, 2020

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Beware Olymp Trade is a Non-Regulated broker. It is NOT SAFE to trade.

  • Our Review
  • Olymp Trade User Reviews
  • Olymp Trade News
  • Company name:

Olymp Trade – Smartex International Ltd

  • Registration Address/ License:

St. Vincent and the Grenadines

Is Olymp Trade a scam or legit broker?

No, it is not safe to trade with Olymp Trade. Olymp Trade is owned by Smartex International Ltd which is an offshore company registered in St. Vincent and the Grenadines.

St. Vincent and the Grenadines is notorious for its practically absent requirements and regulations. Due to the setup cost is low and it does not regulate forex trading. Therefore, it became an offshore zone for shady forex brokers such as CapitalXP, Welkron and more.

The company claims to be one of the fastest growing companies that deliver access to trade to the client at any level, increasing its trading volumes daily and currently closes around 32M trades per month. Moreover, the broker received numerous awards, the world industry recognition for their services, options trading platform, fast growth, and innovations.

Nevertheless, the company operates without a proper license from the industry authorities alike FCA (UK) or ASIC (Australia) that protect clients and delivers necessary regulation to the service providers along with the convenience to the users and, of course, their investments.

According to the website, Olymp Trade a membership in the international Financial Commission (FinaCom). Even though the FinaCom is a well-respected organization, it is a self-regulatory organization which cannot guarantee the safety of the trading environment and does not regulate the daily operations of the company, therefore can’t provide necessary protection to the client.

From our source, it costs €24,000 per year to become a member. However, and there is no handbook or guidelines for brokers to run their business. Therefore, there is zero protection for traders. You can read our detailed article about the risk of trading with brokers from St. Vincent and the Grenadines.

We advise all investors and traders to avoid Olymp Trade and other brokers from St. Vincent and the Grenadines. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FXTM and FP Markets.

55brokers.com for Forex Broker Reviews

I very often communicate with other traders, sit on forums and generally try to keep in touch by all available means. And that’s why I like when a broker can help me in this. For example, at Olymp Trade there is a whole group of social networks that allow traders to get acquainted with the trading terminal faster and quickly learn all the features and functions, it allows you to start working in the way you want from day one. Plus, this is a great way for beginners who do not understand what to do and where to run, and in tandem with experienced traders, they are able to immediately get answers to their questions and also become a professional who is well oriented in the market. This is a cool tool and a great opportunity.

If we talk about modern brokers, which I have been looking through in recent years, it is olymp that has attracted my attention as much as possible, because it has a huge number of services that can help both a beginner and a trader who has been trading for several years. Right here you can conduct market analysis and make transactions using dozens of assets from currency pairs to commodities and stocks. There is some incredible dynamics here, which allows me to work hard and quite actively, and that’s considering that I trade for about five hours every day. I think everyone can find something here for themselves, and there are good spreads and commissions, so you can give yourself the full freedom of action…

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173 responses to “Olymp Trade”

this is a cheating platform

seriously i almost started before i just met you guys thanks.

I will not agree with many of the reviews, because I have been trading here for a long time and I have never had any problems…

There is no problem to trade with olymp?

Once in a while there are some problem with this platform. Like this recently the candlestick changes color issues. But after many complaints were made, the Olymp Trade tech support team responded quickly to fix the problem. So y advise, with Olymp Trade you don’t have to worry about any problems as the tech support is very approachable and efficient.

Maybe you just need to learn to trade? My first year was in red, but I wasn’t complaining, I was training. Now I make enough money, withdrawing money on regular bases, and the company doesn’t complicate it. Although I withdraw quite big amounts. And they started to cheat on you for some reason? How’s it look?

Is it safe or not to trade with olymp trade?

Based on my experience I can say, that yes. This is not my first year of working on Olymp Trade, and I didn’t have any problems even once. Until I learned how to trade – I used to lose money, when I finally worked out the strategy – I started making money. The company wasn’t putting a spoke in the wheel, everything was honest and transparent from Olymp Trade’s side.

Comment pls hat Is the strategy

What’s the strategy?

Sorry can we talk via mail pls

Wow that’s good please if u wouldn’t mind lets talk on WhatsApp am new to this platform I need ur assistance or email me @ [email protected]
Thanks so much.

Did you got payment ? Can you prove that payment what you received from Olymp Trade!!

hi can you help me understand more about this trading in Olymp Trade?

Hi seliw I hope u see this message pls I can even pay u if u want I really need u to guide me on how to trade.thanks

Please what is the strategy

Please I want to trade on it who can help me

Can I link up with you for guidance. Soo I don’t loose money because I don’t have plenty money to loose. Lol

Pls what’s the strategy you are using to make profit on this platform? I really want to know as I am interested in starting immediately.

It is NOT safe to trade with Olymp Trade, since the company is NOT regulated and registered offshore. We always warn our readers to stay away from such firms and choose from the Regulated Brokers https://55brokers.com/forex-broker-reviews/

It seems people re making more money from brokers that re not registered though unsecured than those that are registered, d testimonies re rolling in

Hello Seliw, I am interested to learn more on how to trade on this platform, how can I come under your tutelage. My email is [email protected] thanks

Hello pls am new here
Can I get enlightenment on the Olymp trade??

Whatever it is, Olymp Trade is not a rich quick scheme or a gambling platform. Trading here is a serious business where you need to thoroughly study the current market before opening your trading position. To me, patience in trading is very important.

Hi Seliw! Can you mentor me, I am a new comer. Thanks in anticipation.

Please help me on how to use this trade

I suggest you go through some basics videos in Olymp Trade Global youtube channel. So many info you can find there.

So many times I’ve heard this. There is something wrong with the market data! Broker is a scammer! Someone is watching my trades and makes the market go in the opposite direction. You know what? Bullshit! As one famous trader said: “You lose money not because your mom used to spank you in childhood. You lose money because you either don’t have a trading system or don’t follow it.” So stop accusing Olymp. Better work on your trading style. Good luck!

Why you said that sir ? As far as I know, Olymp Trade never cheat. All my profit they paid accordingly. And if I have any issues, the customer support is always available to help me out. The trading chart reading is identical ti tradingview. So may I know at which part that they cheat?

How long do you get payment after withdrawal?

The promised period is 2-5 business days. But Olymp Trade will usually process the request within 24 hours. I’ve several times received my withdrawal money in less than 24 hours.

You should start with basic trading knowledge like technical & fundamental analysis or simply go for online trading courses like stock market & forex trading .if you don’t wish to spend a lot … that been said …. Even after learning the basics practice with demo account .. To over come that anxiety and fear of losing your trades you’ll have to trade with real money in live account … I don’t know about others but my experience with them has been very very good ….. You can make consistent profit you just have to learn everyday … & Most important you don’t have to make mistakes to learn from them …. You need risk management and a strategy ….Your strategies not other’s ….

Ohhh really but they just gave me a withdrawal of 3000 $ when I just invested 50 $ why would they do that …. Charity ..

Like seriously i was scammed two days ago 20k by mohammed usman on Facebook cause of diX fvkin stuff called OLYMP TRADE

Well, the broker has nothing to do with it, you can only trade on your own, I don’t understand, you gave the money to someone?

Can you give us vivid explanation as to why you called them a cheat, thanks.

Olymp trade cheats. I registered with them and I notice their platform is programmed to cheat. You can never make money with Olymp trade

How did you manage to notice that? Is there some kind of a red light on the platform that starts flashing and beeping: warning, warning, someone is earning money here!? I’m sorry, but if you really noticed that platform was meant to rip off the customers you would have provided much more details rather than just saying “they cheat”. Your comment sounds more like some competitor’s provoсation.

So which forex trading do you guys suggest??

Comment Area if tessline will come back by September its good to invest with them..

Comment Olympic trade is a scam, avoid it at all cost.

Well well… I made another withdrawal a couple of days ago, and it’s all OK. In fact, I’ve been doing it recently on a monthly basis, so if it’s a scam… well, at least I’m definitely not affected by it �� Am I the only one who earns here, huh? Are you guys all losing here, or what? �� But I guess I’m not doing anything special, just trading with a strategy, managing the risks, and all the stuff… That’s quite enough to make money on here, really ��

Comment please what’s the strategy? I just lost $300 and I need to get it back

Well, I guess I won’t disclose the details of my strategy to you, all the more in an open forum, lol. I spent months to elaborate it. You’ll also have to spend some time in order to learn trading, if you’re really interested in that. I’d only recommend you to start with learning the basics of technical analysis. Personally for me, trading by means of Fibonacci levels is very helpful. That’s actually the basis of my strategy. You can also try to experiment with them, and then you’ll know which way to go, as soon as you receive the basic experience. Just try not to invest too much money at once – remember about the money management. Or, alternatively, try trading with a demo-account at first ��
If you’ll immediately rush to win back your $300, you’ll just lose more. Do it smart, dude, learn to think ahead.

Hi, does Olymptrade provides monthly statement?
I could not find a place to print my loss and profit and more important, i need to print my withdrawal.

hi can you help me understand the process?

please what the strategy I want to know the strategy of trading with Olympic trade you can

Am a beginner can I start with $30 and get profit for the first time

Please, check the list of the Regulated brokers https://55brokers.com/forex-broker-reviews/ where you can start with depositing the minimum of $10-$20.

I started with a demo account while earning by when I invested in my live account, I didn’t have a chance to get profit, so is this platform real serious.

Pls I need u to teach me ur system of trading. This is my email.

Olymp Trade is legit guys. I made 3k USD in 3 days.

Can you teach me how it works please. I am new in the business. Thanks

Please can u teach me how to trade here am new please

you should read books concerning that matter

Please I need you to teach me a strategy on how to earn in options or forex please. I really want to make some money for myself and stop begging people for assistance.

We would advice you to choose from the Regulated brokers https://55brokers.com/forex-broker-reviews/. Olymp Trade is NOT regulated, therefore, you might just never get your money back after investing with this broker.

Please, check available Forex seminars and webinars, where you will be able to learn more about trading. https://55brokers.com/forex-webinars/
https://55brokers.com/forex-seminars/

Gd… Well guide me 2

I like the Olymp Trade platform. It is really convenient to trade on, especially with technical analysis involved. I haven’t seen any other trading platforms with such amazing service of technical analysis as here – and hey, that’s even for free! For quick analysis, you might as well use the main platform – it has all the necessary charts and indicators, but for some serious analysis you might want to switch to the platform specifically designed for this. It offers like hundreds of indicators and a great many of other tools, charts, and all this stuff. Personally I’ve never failed to find the necessary tool there.

অনেক ধন্যবাদ আপনাকে। আমি ও চাই আমার ভাগ্য পরিবর্তন করতে। আপনার সাহায্য কামনা করি।
তপন চন্দ্র শীল।

Olympic trade are scam’s

LOL, I really wonder what you could have told him to freak him out that much? :))) If you open the chat once again, there will be a different agent – you might set out your compaints about that Ibrahim fradrack to him. Or just ask the support to punish that rascal.:))) But actually, you’re pretty lucky – I always get exclusively polite and helpful agents! So hella boring, I can’t even find fault with anything…

Why you write so? You’ve traded with them? You have proofs? Or what force you to claim so? If you have proofs, than publish them and let all people see. Or you just have lost money and got mad? Personally I trade Olymp for 4 years and didn’t noticed nothing like this for all this time. So where is a truth?

The agent of Olympic trade Mr Ibrahim fradrack l start the platform with him he blocked me up on our chatting

Maybe it was an accident, write to olymp trade support, I’m sure you’ll get help.

Looks like a scam. Everything works fine in demo, as soon as you go live everything turns to shit. Chart freezes, prices zoom the other way to impossible levels so you can never end in the money. In fact prices just zooms the other way and freezes moments after places the “trade”. Its all fake.

What do we do now? How do we get out?

What do you mean – “How do we get out?”? And who’s actually forcing you to stay? If you don’t like it, don’t trade, I don’t see a problem. Trading is really not for everybody – some people can learn and gradually go into the black, while others give up at the earliest failure and start screaming that it’s a scam and one will never earn here. It seems that you belong to the second category…

You mare definately right, when.people flock in with excitement and know underdtsnding soon then vall it a scam, just fuckoff and fins descent dailly job. My advice is make money and withdraw and submit all verification and then wait for for your withrawal and then you can come here and say scam or not

Then just say Mr. Manil ; what is the actual process of trading? and if you are able please giving a prrof to us that how much money income through this? This will help us to trading in this platform.. can you help ?

hi there i face the same problem like the chart freezes, prices zoom the other way to impossible levels and support live chat box that doesnt open when you click, and when you call the staff they couldnt answer all your questions and they pass to one another arrggh. bad experience for me. I give up with olymptrade…really i loose a lot my money here but i still stay with them hoping that things are going to get better but too bad… they have done so well with the platform upgrading and so on but they cant secure their plarform. i already request for closing my account.

I’ve been working at olymp trade for a long time and I’ve never faced anything like this, maybe you should update your browser, sometimes it’s because of this that everything hangs and deals are executed late…

Unfortunately, I m still learning the process. I m yet to understand everything, but I have great determination to do so. So far, I have been trying both sides-the demo and real account. I believe the platform is good for those who are patient and willing to learn. I strongly believe that given the risks involved in trading, one has to practice enough for the process. Nothing good comes on a sliver plate!

Everywhere page I open that has to do with binaryoption or forex investments all have great customer reviews but when I tried investing with binaryoption, from plus option, to binomo to IQoption, I lost a lot. I still have someone helping me with my trades but I keep losing and now they want me to invest more money. I need to speak with people who have invested and had similar situations. Please reach out to me on my username

Invest $500 abd I would double it 07051256071

i have never experience any of the negative mentioned in most of the comments
i have tried Olymp trade and made some money and also withdraw the money withing three working days,

i am looking for a winning strategy to make money on the site

do u have a strategy

How were you able to achieve that goal?

I need a help on how to trade safe

Olymp trade has been operating for years and I am surprised to hear that they are a scam broker. Most new traders feel losing a trade or all their investment is foul play from the broker’s side.I will believe that plump trade is a scam broker if someone was not able to withdraw their profits that they have made with the broker.

For traders who are still struggling to make profits in trading, I recommend you invest more in your education rather than heading straight for the markets.

There’s a book that changed my life when it comes fired trading, titled “Price Action the ultimate Indicator:Money Never Sleep by Fillemon Helondo” It comes pricy but you won’t regret your purchase.

I wish you a happy trading all

Today it’s almost a year that I’ve been trading on Olymp Trade platform. So it’s time to sum up:) Concerning the pros, I can say this platform is really classy – I mean, it is convenient, with a user-friendly design and all that is needed for trading; and at the same time, it doesn’t contain those kinda “”professional”” things that just confuse you but never-ever come in handy at all. I guess the payout rates on deals are also pretty high – you know, I occasionally watch reviews of other brokers and never saw rates that would be considerably higher. In general, the rates of competing companies are either lower or roughly the same. Besides that, I really liked the training. Attending webinars from the very beginning was cool, I learned much useful material. Can’t even imagine how much money I could’ve foolishly blown in the very beginning if those webinars hadn’t taught me the basics of trading ��
As for the cons, I’d note only that you have to withdraw money in the same way that you made a deposit previously. You see, I made a deposit with an e-wallet, for I didn’t really know where to apply that money anyway. At the same time, I wanted to withdraw money directly to the credit card, but this isn’t the way it works. So now, I’ll have to make another small deposit, this time with my credit card. It’s no big deal actually, there are no commissions for that. Just…a bit inconvenient, you know.

I am new in trading but i use to play iq demo it was a little bit complicated for me i then tried olymp trade i found it simply and interesting i made my first deposit and started to trade for really money i lose my money like i nerver practice but i didn’t gave up i came back with new strategy i made money in olymp trade and i tested my first withdrawal i was shocked and ver happy to receive my money .the process of withdrawal took two days.but guys if you say olymp is a scam you are disappointing me i still get money in my account there

Don’t worry, Mafika. People losing money on financial markets often blame third parties for own mistakes. Their broker for example. You’ve learned your lesson, developed a responsible attitude to trading, so don’t worry about OIymp’s critics. Just remember, your success is the product of your own discipline and persistance.

How much money you are getting in your account now??

I’ve been trading with Olymp Trade for more than a year. In general, it’s all fine. Of course I don’t always manage to receive profits, trading in the red is not such a rare phenomenon. At the beginning of my trader path, I did lots of silly mistakes that I could’ve easily avoided �� However, I’ve learned from my own mistakes quite a lot, so it helped me get where I am now. At the moment I’m trading in the black and gradually growing my capital. So far I’m not planning to leave the platform, especially that it is also developing and getting better. Much like my trading skills, naturally ��

So far,I have been reading through the comments and a bit confused on which way to follow now. the truth is that I just need to know which is the better trading platform to start investing on. I use the word “better” because in business there is no perfection. please I really need a sincere and genuine response asap. thank you!

What are your impressions of using OlympTrade?

I have been trading here for 3 years. I like the platform. I believe that I am a trade professional �� If you have any questions, you can ask them. I will help you deal with the platform, although it is easy to use.

Comment owiras I have questions for you about olymp trade,send me mail on [email protected] so you can tell me more about it

Comment Area Tell me about your strategy

Please kindly teach me the strategies to use on olymp trade

We would advice you to choose from the Regulated brokers https://55brokers.com/forex-broker-reviews/. Olymp Trade is NOT regulated, therefore, you might just never get your money back after investing with this broker.

Please, check available Forex seminars and webinars, where you will be able to learn more about trading. https://55brokers.com/forex-webinars/
https://55brokers.com/forex-seminars/

Iqoption is scam platform. They manipulate the trendline if you are in profitable position in binary option.I donot know about olymp trade. I just created account

This article is not about Iqoption XD
Be careful what and where you write.

OLYMP TRADE is a good trading platform. I have been using this for 2 years now. If you understand that this is not an easy way to make money, then you will earn. If you want to make money, you must have analytical approach. If you do not have analytical mind, then I advise you to forget about making money on the Internet. You will lose your money.

I recently learned about OlympTrade platform, started to read the reviews and noticed, that there are many contradictions in reviews. Then I decided to try trading on the platform just for myself and find out what’s a lie and what’s true.
Now I can share my impressions.
You can trade on the platform through the mobile application or the computer. The mobile version has many tools as well as a full desktop version, I think, they fully substitute MT4.
There is a separate window for technical anaysis, there is a widget of free signals, which I liked a lot. There is a separate training section for those, who are just starting. I watched a few webinars and was satisfied with it! If I came across something similar in the beginning, I think, I could succeed earlier.
After watching a webinar, you can try the strategy on the demo-account right away, therefore the theory always will be supported by the practical part, and it will bring some good results.
And after you will be trading and receiving the income on a demo account, you can try to create a real one by depositing just 1$. Making a deposit is a simple and clear process, the money will be accepted in a few minutes. The withdrawal is also fast, the broker promises to withdraw the money within 24 hours, but I received them in approximately a few hours.

I’ve learned about Olymp Trade a few years ago. Back then my brother was passionate about the trading on the market and showed me this platform. I forgot about Olymp for a year, and half a year ago I remembered it and decided to test.
For the beginning, I created a demo account and started getting to know the platform. Then I found the community of traders on facebook and started to communicate with them at the same time learning their trading strategies and some small lifehacks.
At the same time, I was watching different webinars and read much information about the market.
Two months ago I switched to the real account. And yesterday I made my first withdrawal. I didn’t have any problems with it, everything was very fast.
So I’m happy with the platform and recommend it to all!

I have a demo account in Olymp Trade. I watch strategies in youtube and try in demo. I think this platform is very easy when you learn how to do it first before starting in a real account. I’ve plan to start trading this year. May God bless us all!

I hesitated to write a positive review about my broker, because.. oh well, I’m just lazy. But you see, a friend of mine has just lost his monthly salary equivalent because the broker he used (may his name be excluded from Google cash forever) cheated with market data. There was a huge spike which swallowed half of his deposit and sure enough you can’t find this spike anywhere else. Neither at Trading View delayed data, nor at other data providers. I’m sure this broker did this before too, it just wasn’t that obvious.
I’ve always been telling him to switch to Olymp Trade but he never listened. So I’m just trying to prevent as many people as possible now from the same mistake my friend did.
Olymp offers decent spreads and commissions policy and it doesn’t swallow all of your profits if they happen to occur.
Their market data is honest
Funding accounts is easy
Tons of instruments to work with
Withdrawals of profits go smooth (you’ve been waiting for this one, ha?)
Trading platform is stable and convenient
Do I have to go on?
You see, lots of people get stuck with their trading simply because their broker does not allow any profits to come in. There are tons of measures they can take to prevent you from profiting and you will never know. Discipline, emotions, proper systematic trading… yes, people often lack this but success on the market is not limited to these things only. Broker is your nearest partner in this journey to financial freedom, so you’ve got to choose this partner thoroughly. Please don’t run into same mistake my friend did, wasting months or even years of your life fighting with the windmills your broker puts on your path. I know for myself that Olymp is my dear Sancho Panza and he never let me down. I’m not telling you to go with Olymp only. I just wish yall to find the partner you trust as much as I trust mine.

Can’t say it was easy, but I did it! I’ve withdrawn my first profit from Olymp Trade. It all looks very easy when you watch these commercials or even trading tutorials. In fact trading digital options is a difficult job. You have to be prepared to some failures before you finally learn to identify the mood of the price: where it wants to go, what is the tendency. I tried following some other people’s advice but it never worked out well. Only after I learnt myself to trade thoughtfully and pay enough attention to price studies, then only profits came in. I’ve started with $100 and withdrew my first $300 finally last week. For someone this amount sounds ridiculous, For me this is the first step on the path to financial freedom.

That’s nice bro please am new into it pls would you help me on how to understand its work WhatsApp +2349035189557 or email me @[email protected] Com
Thanks so much.

Can you all guide me to success as I just created account with Olymp. WhatsApp me through: 07034032995. Thanks alot

They are not truthful, Indeed after trading with them for some weeks on the the real account. they got up one day and denied me access to my account. I had written to them without any response

First of all you need to find out whether you’ve completed the verification process on your account. This can be the problem. Once verification if completed, your account will get unlocked and you’ll be able to withdraw profits anytime with the verified payment method. You’ve got to pay attention though,that its only possible to withdraw the money using the same payment method you funded your account with. This policy has something to do with the anti-money laundry act.

I have not make any deposit into my trade account because i am a newbie. I would like a person who knows how to trade come teach me to avoid losses of money. [email protected]

In my opinion Olymp Trade has got the most advanced trading platform among all online brokerages. I know many of them use MT4, but I absolutely hate MetaTrader. OT browser-based trading platform has got charting tools, indicators, different timeframes and you can also choose the preferred bar types including Heiken Ashi bars. Pending orders and stop losses are available too. Simply love it!

I am new in this Olymp trade platform. I need some assistance please, anybody to share with me the trading strategy?

We would advice you to choose from the Regulated brokers https://55brokers.com/forex-broker-reviews/. Olymp Trade is NOT regulated, therefore, you might just never get your money back after investing with this broker.

Please, check available Forex seminars and webinars, where you will be able to learn more about trading. https://55brokers.com/forex-webinars/
https://55brokers.com/forex-seminars/

By the way it sounds and considering the long list of the brokers you’ve tried working with it occurs to me that the cause of the problem lies not in the field of one or another broker’s competence, but in the trading system you use. Well, most likely I would not be mistaken if I said there is NO trading system in your approach to digital options market. You can’t start making money with guessing where the price will go. It’s all about statistics. If market conditions are such, then with 65% probability the price will go up. Something like this. You don’t have to guess correctly 100% of the time. You don’t need to guess at all. You just need to exploit the statistical advantage.This is the only path to be successful on the financial market. If you don’t know how to build your first proper strategy, then try some of Olymp’s educational programs. They will teach you the basics and once you know your edge, you will transform one of the strategies to suit you best and bring you more money.

I am a risk taker olymp trade here i come whether you are a scammer or not…………zvimwe zviyedzwa lol.

If you try, you will realize that this is stupid slander. The company is very reliable and has a very responsive service. I had several problems with the company, but everything was resolved quickly and Olymp Trade proved to be the best. Of course, sometimes problems arise, but the main thing is that the company is working to resolve them. Many people faced with a problem do not try to solve it calmly, but begin to pack up and look for various slander about the company.

I have been practicing with the demo account and watching staff on YouTube to learn. I can say I am improving. I have given my self a Target to earn a month. If I can find a strategy..through practise that will maintain this amount for 3 months, then I will trade with the real account. Its better to try things out to know for sure.you can base money decisions on hearsay.

Convenient platform, excellent support that answers all my questions fast and in a professional manner. I like the variety of instruments that they’ve got. I wish all of these instruments had same payout rates, but oh well.. Money withdrawals are fast once you complete the verification process. Usually I get the money the same day I do the withdrawal request.

Yeah I want to know about the strategy. Thanks

Olymp trade is great some dumb fools don’t just get it have been trading for two years and I earn $800 everyday of my life I own my house, am a cars owner and am happy thanks to olymp trade

May I know which broken firm to invest into that is not a scam

Dear Manson,
You can check our list of the Regulated brokers https://55brokers.com/forex-broker-reviews/ and you will definitely find the one that fits you!

Hi mate, I’m trading with Olymp for more than 4 years, so may suggest it from my own experience. I’ll briefly describe you the main pros and cons. Pros include regulation by Finanaclial Comission (Finacom), if you will lose some money cause of brokers fault, this regulator will give you a compensation. Also, Olymp is fast in terms of making deposit and withdrawing money. Deposit usually takes around 1-2 min and withdrawings take around 24 hours. There is also good trading platform, I find it easy to learn it, it’s quite native. However, there are also cons, including comission fees for opening the deal. I understand that it’s pay for excellent service, but I think you should know it. Overall, my experience is only positive and during 4 years I never face any problems and made more than 35 withrawals.

I am not going to condemn about Olymp Trade because to be honest , I did gain some profit using this platform. This platform is not perfect but I think it has sufficient features that the traders especially the beginners need to start the trading.

However with the latest update that they just did, I really feel turned off because there are several features that are not functioning well.

I really hope that they will change it back to the previous version which is way better than this current one.

Pls Can u coach me on it so I can be successful like unpls

Dear Gideon,
Please, check available Forex seminars and webinars, where you will be able to learn more about trading. https://55brokers.com/forex-webinars/
https://55brokers.com/forex-seminars/

To tell u the truth , I spent a lot of time on youtube learning about other traders’ strategies. Some strategies work some don’t. That is why it is very important for us to choose a strategy that we feel comfortable in using. And then stick to it. Don’t change it too freequent.

Trading is an area where warranties are needed. When I chose a broker, I was looking for a company with a reliable reputation and membership in an internationally recognized regulator. Olymp Trade is a member of the regulator of the International Financial Commission (FinaCom). The regulator is very important if you trade in excess of $ 500, as it provides deposit insurance. I’ve never needed this, but the essence of insurance is precisely what would act in the future. Of course, you can choose an incomprehensible broker that exists for a couple of months and does not have registration in the regulator. But if you have any problems, then you will be left alone with them. Olymp Trade protects its customers, if you have a dispute with the company, you can always contact the arbiter and resolve it in the correct order. In order to better understand this, you need to know that if problems can arise, then due to technical failures or errors of company employees. And if this happens, you can always solve the problem with Olymp Trade or FinaCom without any problems.

Idiots, they are real scammers. May God punish you all. You will perish and die a terrible death insha Allah

Oh-ho-ho, have you got any proofs? Or you just plaming for nothing? I’m trading with Olymp and it’s reliable broker, that never delay withdrawals. Moreover, usually I withdraw money at least one time a month. And I wait around 18 hours each time. If you have proofs – you’re welcome to show it. However, if you just want to hate trader, don’t write anything. There is the only reason, that can explain your bahavior: you lost money gambling and now blame Olymp Trade

For me, trading is a hobby and I trade exclusively in a mobile application. Options trading on the Olymp Trade platform is also available through a mobile application that can be installed on any device. The application works with a single account in the company and has a convenient interface. Yes, the company had to cut some functions in order to achieve smoothness and speed, but at the same time the platform works very economically and does not discharge the device. If you don’t need all the indicators, then the Olymp Trade mobile application is very usable.

I am interested in olymptrade no matter what is said about the broker. I have done the demo trading for a long time and have read a lot of testimonies so I can’t go back.
But I can’t make a deposit b/c I don’t understand how to, since I have not done it before. I need help. Which method did you use. I need help please.

We would still advice you to choose from the Regulated brokers https://55brokers.com/forex-broker-reviews/. Olymp Trade is NOT regulated, therefore, you might just never get your money back after investing with this broker. That’s the difference between the demo account and the ususal one, since you do not trade your own money with the demo account.

Deposit methods vary from country to country with Olymp. If you press the deposit button in the menu sections of a trading platform, you will be automatically redirected to the page with all the payment methods listed there. Just choose the one you prefer and follow step by step instructions. It took me less than 5 minutes to deposit via credit card. The account balance showed up in a platform immediately and I could start trading right away.

Pls I have put my withdrawal request..and its been 5 days nw and I haven’t seen my $100

You can try contacting your personal manager regirding your withdrawal process. If there is no reply from the company managers, you can try reporting to your local authorities.

I’m interested to join the trade, what will I do

Just go to olymptrade.com and fill in the simple form. You don’t have to deposit any money yet. In fact i recommend that you spend at least 3 months in the free demo account. Sharpen your skills , understand the usage of indicators etc…

Learn about indicators first. You have to know at least 2-3 indicators. Be familiar with the usage. If you do not know any of these indicators, it is just as good as you are gambling. You will only tend to press the red or green buttons for trading. That’s a very wrong way to trade.

Olymp Trade review and ratings

Company information

Olymp Trade is a legally registered binary options broker located in Saint Vincent and the Grenadines, but not regulated by any government agency.

Olymp Trade is also a member of the International Financial Commission (FinaCom), an independent dispute resolution organization.

Availability

Olymp Trade accepts clients from all over the world, excluding USA, Canada, European Economic Area, Switzerland, Israel, New Zealand, Australia, Japan, North Korea, Puerto Rico, Sudan.

Distinctive features

  • Simple registration and verification process.
  • Various binary options available for trading.
  • Cryptocurrency funding accepted.

Trading instruments

Binary options broker offers the following underlying assets for trading.

35+ Currency Pairs Based on major and minor world currencies.
12 Crypto BOs Based on Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum, Ethereum Classic, Litecoin, Dash, Ripple, Monero, Zcash.
10 Indice BOs Based on baskets of different blue-chip stocks.
4 Metal BOs Based on Gold, Silver, Platinum and Copper.
2 Energy BOs Based on Crude Oil (Brent) and Natural Gas.
12 Stock BOs Based on shares of US companies.

Comprehensive review

Olymp Trade is a binary options broker based out of Saint Vincent and the Grenadines, a well-known offshore jurisdiction for binary options & forex brokers. As usual in Saint Vincent and the Grenadines, the broker is not regulated by the government, and is instead merely registered as a legal business entity under the name Inlustris Ltd.

To compensate for the lack of government regulation, Olymp Trade in 2020 joined the renowned independent regulatory organization FinaCom (Financial Commission). Although perhaps not as good as traditional government regulation, an organization like FinaCom at least gives traders a place to turn to in the event of a dispute with the broker. The organization also has a compensation scheme in place, which in some cases can compensate traders with up to 20,000 EUR per complaint.

In terms of underlying assets that are available to trade binary options on, Olymp Trade has a fairly standard offering with an emphasis on major and minor forex pairs. However, this broker has also chosen to focus more heavily on cryptocurrencies than most other binary options brokers, with 12 different crypto pairs available. In addition to all the most common cryptocurrencies, this also includes lesser known coins like Bitcoin Gold (BTG), Ethereum Classic (ETC), Monero (XMR), and Zcash (ZEC).

Olymp Trade offers its clients its own web-based binary options trading platform, which is relatively similar to other binary platforms out there. The platform has a nice and clean design, is very easy to use, and features simple one-click trading. All underlying assets are available within the same platform.

The platform features a multi-chart layout, which makes it easy to monitor several different assets at the same time. The charts are also quite responsive, and comes with most of the technical analysis tools that one would expect.

The minimum deposit to start trading binary options with Olymp Trade is USD 10, which will give the trader access to the broker’s basic live trading account. For traders who just want to dip their toe into binary options trading, however, a demo account is also available free of charge. As most experienced traders would probably agree, this is an excellent opportunity to hone one’s skills before jumping into the market with real money.

All trading accounts can be funded with major credit & debit cards, popular e-wallet services such as Skrill, Neteller and others, as well as cryptocurrencies. There is no fee charged by Olymp Trade for deposits and withdrawals, although the third-parties used to conduct the payment may charge their own fee. For withdrawals, it’s also important to remember that they can only be made back to the same account as the original deposit came from.

Olymp Trade’s customer support is available via local phone numbers in South Africa and Argentina 24 hours a day, 7 days a week. In addition, traders can reach out to the company through email or a live chat option on the broker’s website. Worth noting, however, is that despite the broker’s promise that live chat is available 24/7, no customer support agents were online at the time of our testing.

In conclusion, we believe Olymp Trade is among the better offshore-based binary options brokers available today. The brokerage has a track record dating back to 2020, which adds credibility to its name and reputation as a reliable binary options broker.

Olymp Trade Review – New Crypto Trading Broker

Olymp Trade is a longtime broker within the digital choices marketplace having launched back in 2020. They are certified by FinaCom making them a trusted choice for any online trader. Their background is very much as an international broker with a seamless platform and packed education centre available in 12 languages.

With over 25,000 people trading every day and around $171 million of monthly turnover Olymp Trade are a massive company in this space. Adding to the brokers’ prestige is an award cabinet to be proud of, including “Best Options Trading Platform” Le Fonti 2020. They are a grade A broker with a proven track record.

A solid offering of over 70 asset types including currency pairs, commodities, stocks, indices and crypto gives you plenty of opportunities. Another distinction between Olymp Trade is their comfortable level of entry. Traders can start with a small $10 deposit with minimum trades as low as $1 which is excellent news if you’re new to the world of digital options.

What is Olymp Trade?

As mentioned above, the company behind this trading platform is half a decade old. However, its story begins in the early 2020s, when a team of finance and IT professionals came together with the aim of making online investing easy for the masses.

From the very beginning this collective has set its goal to democratize financial trading and make it available to literally anyone, not just to those who had a hefty starting capital or high appetite for risk.

The first version of the Olymp trading platform was an instant hit in its home markets of Eastern Europe and South-East Asia: even those who had zero experience with investing found it simple to use, and free demo accounts allowed for hands-on learning without the need to risk any real money.

From that initial version, a lot has been improved and changed over the years, but the core idea has remained the same:
to provide the easiest way for anyone to invest into popular financial assets such as currencies, stocks, and crypto.

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This (rather simple) idea turned out to fit quite well with the needs of millions of active and potential investors around the world: during just several years, Olymp Trade has expanded its offers to more than 12 languages in all regions of the world and executes over 20 trading orders every second.

The primary product of Olymp, and the thing that makes all of the above possible, is their online trading platform. Using a balanced combination of powerful features and thoughtful design, it makes trading easy even for the most inexperienced beginners.

Account Types and Demo Trading

What are the account types available on Olymp Trade? Basically, there is a demo account and two types of real accounts.
The demo account is free and provides the user with access to virtual funds, useful for practicing and learning how the platform works. The demo account is where you get to learn the trading process in a risk-free environment.
From the demo account, you can now transfer what you have learnt to the real trading setup, which provide two real account types for you.
There is the Standard account, which is the entry level account type.
The VIP account, which is ideally for those with access to greater capital, and who also have more trading experience under their belts. $2,000 is the minimum deposit required to qualify for a VIP account. The VIP account also confers some privileges which are not presented to Standard account holders.
Let us spend some time to highlight the advantages of a VIP account. The advantages are as follows:
=> Payouts on trades are higher. For instance, where a Standard account holder expects a payout of 80%, the VIP account holder can expect to get a 90% payout offer.
=> There is an option to claim a 50% account deposit bonus.
=> The maximum investment amounts for VIP account holders have a higher cap than Standard account holders. This provides a greater earning potential for the VIP account holder.
=> VIP account holders tend to get some form of cash backs on trades. Under this offer, a certain number of bad trades will see the VIP account holder get the amount invested on those trades refunded.
=> How about those invite-only educational webinars and trade analytics that have been shown to improve outcomes? VIP account holders get access to these.
=> A personalized account manager is always on hand to guide the VIP trader through any processes which may be challenging.
If no trades are made and there are withdrawals made within 15 days of the initial $2,000 deposit, the VIP status is revoked.

Olymp Trade Education

On website all the facts about the financial markets, systemized them and created the type of coaching that doesn’t have any analogies. Their courses contain Where to start, Your own analyst, Trading strategy from the ground

Olymp Trade trading platform

Olymp Trade trading platform is maximally custom-made for people who create their 1st steps within the world of choices.

One of the key advantages of the trading platform is the availability of a demo account immediately after the registration, which is not common. Usually, a demo account may be opened only when the replacement of a true account for a considerable amount. Both demo and real accounts enable to cancel the dealing before it’s completed with a refund of up to hour of the dealing quantity

Olymp Trade trading platform is maximally adapted for those who make their first steps in the world of options. At your initial log the system can tell you the way to figure with it within the form of convenient interactive prompts. And for those who really want to learn how to trade options, there is an entire tutorial section. The disadvantages of the trading platform include perhaps a relatively small list of tools for trade, but there are all the most popular financial assets here. Olymp Trade trading conditions

How does it work?

The outcome of a deal is determined by the change in price of your chosen asset over the time you choose when opening the deal. Let’s look at an example:
You open a one-minute, “up” deal on gold, which currently costs $1300. If the price of gold after one minute is higher than the current price, no matter by how much – you will earn a profit on your deal.

The convenient thing about this is that you know your potential gain and the exact payout of a successful deal before opening the deal. This means you can plan your trades more effectively and avoid depleting your account too much in case of several consecutive unsuccessful predictions. Neat!
You can choose among many possible financial instruments on Olymp Trade platform – but in general they all can be grouped into four major categories:

=> 35 various currency pairs, from the classical EUR/USD or GBP/JPY to more exotic USD/MXN or AUD/CAD. This is like trading forex, but you don’t need to take into account complicated margin requirements and leverage ratios.
=> 10 largest stock indexes from the most active stock exchanges around the world: from New York’s NASDAQ to Tokyo’s Nikkei 225.
=> 13 stocks of big multinational corporations, like Coca Cola, Tesla or Apple: the trading hours for these assets correspond with the opening hours of the respective stock exchanges.
=> 6 commodities, including precious metals like gold and silver, as well as energy-related goods such as oil and natural gas.
Apart from that, there’s a fifth class of tradable instruments on Olymp Trade that has been introduced just several years ago, but quickly gained in popularity: crypto. This one deserves its own chapter.

Deposits and Withdrawals

To make your first and subsequent deposits, click the yellow “Make a Deposit” button on the top right corner of the platform interface, or click on the “Deposit” tab on the left side of the trading platform, where you have the navigation tabs. If you are using a mobile device, click on the “+” button.

A new page will display all the deposit options available on Olymp Trade. These options include the bank wire, credit/debit cards, Bitcoin and various e-wallet options such as Skrill, Astropay, Fasapay and Neteller.

Clicking the payment option you want to use will first display the option of getting a bonus. Various bonus amounts (from 10% to 50% of deposit amount) are shown. You have an option to choose not to receive a bonus by clicking a drop down menu on the right hand side of the screen which displays three options: “deposit bonus”, “promo code” and “no bonus”.

You can choose to save your preferred payment method so you can use the one-click function to deposit with this method. Usually, clicking the payment method will send you to the integrated web app of that payment method, which will allow you securely login, conduct the transaction and get redirected to the Olymp Trade website with the deposit completed.

Withdrawals follow the same method the trader chose for fund deposits. Depending on the payment method chosen, withdrawals can take up to 4 days to process. Card methods and e-wallets are usually processed same day. Bitcoin withdrawals are processed once the required confirmations are completed. Bonuses cannot be withdrawn.

Large withdrawals will require additional verification. You will be asked to submit documents confirming your identity and place of residence. This is a one-off process.

We have spoken to some profitable traders on Olymp Trade who have shown proof of withdrawal of profits. Millions of dollars is paid to its clients on a monthly basis. Delays may occur due to verifications or during bank transfers (which typically take time).

Mobile Trading

Olymp Trade wouldn’t be a modern trading platform if it didn’t have highly convenient mobile interfaces. Why are we using plural here?

Because Olymp clients have two alternatives for trading on a mobile device: either through a native application or via the mobile browser, by simply opening the company’s website.
The two options look almost identical, as you can see from the screenshots above, so it’s down to your personal preferences whether you’ll use one or another.

Olymp Trade’s designers have managed to retain the simplicity and power of their full-size trading platform, while allowing users to open deals from any place with a mobile network connection.
The native app is of course available for Android and iOS devices, and can be downloaded using direct links.

Customer Support

How can you contact Olymp Trade to sort out issues or make inquiries about their product offering? There are several means available to you.

There is a Live Chat function which allows for instant communication with a representative of Olymp Trade. Access the live chat function by clicking the encircled question mark on the top right of the platform interface or website.

An online contact form is also available, as is a phone line which is available 24/7. The quality of customer support on Olymp Trade is quite good. Not only are responses fast, but the tone is friendly and helpful. Olymp Trade also has support staff who join online forums that are devoted to trading and contribute answers to some questions people have on those forums about the company’s trading product.

Olymp Trade may be a large player within the digital choices marketplace, and their seamless platform and competitive rates of return are excellent. Their minimum $10 deposit and $1 trades means that the service is accessible to anyone who wants to trade and their education service supports their commitment to new traders.

For the more experienced among you, there is the VIP Account, which boosts the rate of return further and the maximum trade amount as well as offering lots of special features.

Olymp Trade pays out over $9 million per month to traders in several countries around the world. They are a category A broker of the International Financial Commission which gets awarded to those that are proven to be honest and reliable.

Best Binary Options Brokers: 2020 Ranking
  • Binarium
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    Best Choice! The leader in our ranking!
    Perfect for beginners!
    Free Demo Acc + Free Trading Education!

  • Binomo
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    Good choice for experienced traders!

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