Leverage: 1:100
Minimum Deposit: US$10
Platform: Olymp Trade platform
HQ: St. Vincent & the Grenadines
Founded: 2014
Olymp Trade is a non-regulated broker
For safer trading, it is better to invest with regulated brokers.

Top 3 Regulated Forex Brokers of 2024

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Olymp Trade: Short Summary

Olymp Trade is a non-regulated broker. For safer trading, it is better to invest with regulated brokers.
If you are looking to trade binary options, start thinking about Olymp Trade. It is a fine broker with custom built platform and offers you a great combination that you are looking for.
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Olymp Trade is a non-regulated broker. It is safer to invest with regulated brokers.

Olymp Trade Review

Published by Ming Paul on 06-06-2021. Updated on 06-25-2021.

Olymp Trade is a trading platform established in the year 2014. It offers fixed-time trades, which is generally very rare in forex brokerage. It is part of an internationally recognized organization named as Financial Commission. It has a mobile application that has about 50 million installations. It has its offices in most of the countries around the world.

Why Olymp Trade

Olymp Trade is one of the famous trading platforms around the world. Novice and experts prefer it alike. Here’s a brief list of advantages of the broker.

  • This trading platform allows its traders to trade with a minimum investment of $10. So anyone can trade and achieve their financial goals to make a stable living on this trading platform. 
  • It has great customer support, which is available 24/7 with experts in multi-languages. It allows its customers to get assistance from the company support team through their emails, text, or contact the support team by calling. Its customer support team responds quickly and efficiently and tries its best to satisfy their customer while finishing all the queries. 
  • This trading platform also has easy access to training and educational resources and allows its customers to utilize their resources instantly. 
  • Olymp Trade offers more than 70 pairs of currencies for trading, and one can opt for trading strategies even with small investments. 
  • Take profit and stop loss services are also available that minimizes loss risk and helps to get huge profits. 
  • Olymp Trade provides an opportunity of getting unlimited profit, and it is suitable for the traders, especially those who prefer several trades and keep long-term trades. 

Regulation

This trading platform is not regulated, but Olymp Trade is a certified brokerage. Although this trading platform does not hold the license of strong financial services, it is part of the International Financial Commission. The Financial Commission is an internationally recognized broker that allows 20,000 EUR for its traders by letting them get full access to the resources and assistance they need. The trading platform enables its traders to enjoy forex trading opportunities under safe conditions. 

Olymp Trade is certified by the world's best and well recognized financial organization, the financial commitment. 

The Financial Commission is a very strict financial organization that mediates the problems of traders. Any broker-certified member of the International Financial Commission (IFC) has to provide a yearly report with transparency towards the financial commission and its traders. For the safety of its customers, Olymp Trade Company focuses on financial compensation of 20,000 EUR in case of traders becoming victims of any misconduct. 

Olymp Trade also provides an annual report to the International Financial Commission (IFC) every year. This trading platform allows its investors to get assistance from the financial commission if any issue arises. 

Leverage

Leverage which is maximum in Olymp Trade for ECN and standard account increase till x500 it carries the meaning that if someone invests $1, it gives him $500 once his trade will be successful.

Accepted in countries  

The trading platform Olymp Trade welcomes traders from South Africa, Singapore, Thailand, India, UAE, Kuwait, KSA, Luxemburg, Qatar, and many other countries. 

Olymp Trade is unable to provide its financial services in the following countries that include: United States, Australia, Canada, France, Belgium, Austria, Japan, Denmark, Finland, Cyprus, Germany, Italy, Ireland, Italy, Latvia, Palestine, Netherlands, Norway, Portugal, New Zealand, Poland, Romania, Slovakia, Spain, Sweden, Switzerland, United Kingdom, and Russia. 

Olymp Trade fees 

This trading platform has relatively very low fees, uncommonly from the rest of the brokers in forex. Mostly in forex trading, brokers make a profit from their nontrading fees. That is the reason one should consider Olymp Trade because its costs are worth the service. 

Olymp VIP account 

Olymp Trade offers its VIP account to traders who are very advanced in trading, and expert traders are preferred. Traders must deposit $2000 or equivalent to this through any currency to get an account to be live and utilized. 

Olymp Standard account 

Olymp trade avails its standard account for its clients who want to trade casually and test a demo account. Most traders use standard accounts because it is for the clients from all perspectives. 

Traders need to deposit $10 to open up their standard account.  The minimum level for investors to make a trade is 1 pound, and the maximum is up to $2000. The minimum withdrawal amount is $10 with no maximum withdrawals. The region of spread is 1.1 pips for the standard account. 

Deposit  

Olymp Trade platform gives various options to their clients to make a deposit. Traders can deposit their funds through various payment methods. These include visas and master cards. Boleto is an option available for Brazilian clients. 

For clients who prefer e-wallet can apply through; 

  • Neteller  
  • Bitcoin 
  • Web money  
  • Skrill 
  • Qiwi  
  • Yandex money. 

Minimum deposit 

The minimum deposit on Olymp Trade is $10. That's why it provides services for all types of traders to achieve financial aims, and the same is the minimum withdrawal amount which is $10.

Withdrawals  

In Olymp trade, after completing deposits, traders can get their withdrawals to request in under three days, but this trading company tries their best to finish the transaction as fast as possible. The average time for standard accounts is 24 hours, but the average waiting time for VIP account holders is just a few hours. 

To make a withdrawal minimum earning amount should be $10 without any maximum limit, and there is no withdrawal fee.  

Olymp Trade does not charge a commission to their clients, and for all transaction fees, the company deals itself. 

Trading platforms 

Software developers of Olymp Trade developed an in-house trading platform for Olymp Trade which is currently being used. 

Android and iOS both can operate this trading platform as an application of mobile. This trading platform allows its clients to trade anywhere at any instance. 

When it comes to trading strategies, this trading app behaves friendly. Olymp Trade has good client reviews and feedback. In financial markets, the Olymp

Trade Mobile application is considered to be the most trusted trading application. 

Web trading platform  

This trading platform provides two types of trading orders. 

  • Time order  
  • Price order  

For time orders, one can limit its orders for a specific period, and it will be executed automatically at the time which is being requested. 

For price orders, one can place orders as per the price that he/she limited.  

One will be able to view all of its past pending orders but will not activate alerts and notifications for his/her Olymp Trade. One also can have a glance at its past traders with their detailed report of trading. This platform helps traders predict the graph fluctuation with reasonable strategies.

Trading platform on desktop  

There is a similarity between the Desktop trading platform and the Olymp Trade web trading platform, but at the same time, the Desktop trading platform needs to be downloaded from windows and macs. 

Trading platform on mobile  

Through Olymp Trade mobile application, one will be able to use its fingerprint to log into its trading account. Since it requires very advanced technology, this feature of fingerprint recognition is very rare in 8n trading platforms instead of not having a two-step login process. Fingerprint recognition is a good solution or alternative. 

Financial and Markets instruments  

Olymp Trade provides the opportunity for its traders to trade in; 

  • Stocks  
  • Commodities  
  • ETFs 
  • Currencies 
  • Crypto Currencies 

Olymp Trade availability of instrument fluctuation depending upon the residing of traders. It varies in client types of trades about leverage.

FAQs

Bottom Line

This trading service provider company has more than 25000 active users in both standard and VIP accounts. It is one of the most well-known brokers. Olymp Trade is one of the rare brokers that are well known on social media. This trading platform uses social media to educate traders and provide them with learning opportunities. 

Article written by Ming Paul

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