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Olymp Trade: Review of the Broker and Traders’ Opinions

regulation
Regulated by Int'l Financial Commission
region
Accepts traders from
United Kingdom
rating
4.6
/ 5
Rating: 7
Reviews: 16
bonus
Bonus on first
deposit
Register within 10:00 minutes and receive a gift
Having been founded in 2014, Olymp Trade is a noteworthy representative of the second generation of binary options brokers; by focusing on a single product and the usability of its trading platform, Olymp has managed to create a simple yet powerful trading solution that enabled it to grow exponentially on the international scene. Full review
Trading conditions
Tradable assets:
Option profitability:
Minimum deposit:
Minimum trade amount:
30
up to 80%
$10
$1
Demo account:
Online registration:
Call support:
Chat with support:
yes
yes
+35722007136
yes
Tradable assets:
30
Option profitability:
up to 80%
Minimum deposit:
$10
Minimum trade amount:
$1
Demo account:
yes
Online registration:
yes
Call support:
+35722007136
Chat with support:
yes
Deposits and Withdrawals
a_webmoneyb_visac_mastercardd_bankf_skrillg_neteller
Review of Olymp Trade
Broker rating: 3.9 / 5

1. General Information

Olymp Trade is a relatively new yet ambitious binary broker, combining industry best practices and innovative approach to establish a wholly new level of service quality. Both professional traders with many years of experience and beginners can try their hand here, as the platform offers a demo account, which can be used simultaneously with a real one, as well as plenty of tools aimed at analyzing and enhancing your understanding of the market.

Among this broker’s advantages are reduced minimum deposit amount, interactive education, analytics by professional traders, as well as operational efficiency of support service. Placing quality on the pedestal, OlympTrade.com has declared its vision as contributing to the development of the international binary options market.

2. Advantages and Disadvantages

Low minimum deposit: you can refill the trade account with as little as 10$ or 10€. The minimum trade amount is not high as well – 1$/1€.

Demo account: an advantage for the beginning traders. Unlike with most other brokers, here you can employ a demo account in parallel with a real one and use a special link to switch between the accounts. Each trader can experiment with 10,000 “demo-dollars” to build up their skills and test trading strategies.

Unique trading platform: Olymptrade has developed a proprietary trading platform which results in smooth operation and the possibility of implementing additional functions depending on the client requirements.

Availability of educational information: the broker provides an opportunity to take free trading lessons, browse market analytics and access trade signals for performing in-depth analysis.

Regulatory oversight: Olymptrade is regulated by the FRRMC (Financial Market Relations Regulation Center) reference number 0395AAVv0074, ensuring the reliability of the trading platform and providing its clients with such benefits as legal dispute settlement and deposit compensation in case of broker violations.

Welcome bonuses: up to a 50% bonus is available on first deposits, depending on the deposit amount. The bonus can be used for receiving additional profit – and itself is not available for withdrawal.

Free withdrawal: the company does not charge withdrawal fees.

No app for Windows: at present, the broker provides the mobile version of the trading platform, which can be accessed via any web browser. Stand-alone mobile applications for Android and iOS are available, yet a comprehensive app for the Windows environment is yet to be announced.

3. Trading Terms

Olymp Trade provides its clients with a wide range of tradable assets: 8 currency pairs as well as commodities, indices, individual stocks and the bitcoin index. The broker offers the classical “call/put” binary options, with the expiration time varying from one minute to three hours. You can start trading with as little as $10, and the lowest trade amount is $1, which enables testing and learning with a gradual growth of the trading balance.

4. Tradable Assets

Olymp Trade clients can trade the following currencies in their most popular combinations: EUR / USD / RUB / AUD / CAD / CHF / GBP / JPY; gold, silver and oil are also available. Moreover, the company offers trading in major stock indices, such as Dow Jones, DAX, S&P 500 and Nasdaq; finally, traders can choose from a wide range of individual company stocks, including Apple, IBM, Microsoft, Coca-Cola, Facebook and other multinationals. Despite the moderate number of available assets, the broker covers most of trading demand by featuring all essential ones. Apart from the above, Olymp Trade also offers 24/7 trading in bitcoin.

5. Trading Platform

As mentioned above, Olymp’s trading platform has been developed by the company’s own programming team, which makes it much easier to apply internal corrections and amendments, as well as carry out technical updates. The broker offers iOS and Android mobile apps, and the browser version of the platform is also adapted for any screen resolution, which makes it possible to use the trading platform on smartphones and tablets with no inconveniences.

Olymp Trade focuses on the single trading tool – the classic “call/put” option; the platform offers 8 standardized expiration terms, with the longest being 3 hours and the shortest being 1 minute; traders can set their own timeframes as well. In this respect, the platform can still be considered quite minimalist due to the moderate choice of tools and assets, however, that same fact, together with the high level of usability, makes it an interesting option for beginner traders.

In case of a winning trade, the profit percentage varies between 10-80%, depending on the asset and current market conditions, such as volatility. After a losing trade, a small window appears, advising to proceed to the educational section or to get acquainted with the currently present automated signals. In the left part of Olymp’s trading screen, an indicator can be found with other traders’ current positions, which might also be used as a separate trading signal. Users are allowed to cancel trades up to ¾ into the life of an option.

The trading interface is refreshingly simple, neatly organized and easily understandable, yet lacks a “wow”-factor which might attract experienced traders; beginners, on the other hand, will find it to be a good potential introduction to the world of binary options trading.

6. Accounts, Deposits and Withdrawals

At present, the broker offers a single account type with a minimum deposit of $10/€10, with a sign-up bonus of up to 50% of the deposit sum. The bonus itself cannot be withdrawn and is meant as an additional leverage which can help increase the profits – which, in turn, belong to the trader and can be withdrawn using the normal procedure. Regardless of the deposited sum, all clients are provided with educational materials as well as the market analytics and reviews compiled by professional traders.

Opening an account with Olymp Trade takes no more than 10 minutes; on the home page of the broker, click on the “Open an Account” button and type in the following personal information: first and last name, e-mail and telephone number; the same window allows you to choose between a USD and a EUR account.

The following means can be used to add and withdraw funds at Olymp Trade: Visa and MasterCard bank cards, Neteller, Skrill, and other electronic wallets. The withdrawal procedure is quite fast and simpler than that of most other binary options brokers.

7. Demo Trading

Unlike many other brokers, Olymp Trade provides an opportunity for its clients to experience the platform without depositing real money, using a demo account. After completing the registration, you get a virtual account of $10,000 with the same price quotes and no limitations on the functionality. The only difference between demo and real accounts is that the virtual funds cannot be converted into real money, and to start the real trading you need to make a real deposit.

After you’ve added funds to a real account, your demo account won’t disappear, which means you will be able to use it to test new trading strategies at any time. Nevertheless, it is worth keeping in mind that the demo account is currently non-refillable, i.e. you will not be able to reset the virtual money if your demo account balance runs down to zero.

8. Trader Education

Olymp Trade provides its clients with a complete set of learning materials – both for beginners and for professional traders. On the main page, you can see the links to two sections – “Education” and “Analytics”. The former offers videos with practical information, a glossary, FAQ section, as well as an electronic book written by the company’s analysts. Furthermore, the company runs regular webinars which offer additional practical information and an opportunity to ask a professional trader. The “Analytics” section contains a live chart with indicators and advanced analysis options, an economic calendar with signals from the Investing.com data portal, as well as the most recent market analytics.

9. Should I Choose Olymp Trade?

Thanks to a wide range of timeframes and its minimalist focus, the trading platform is an interesting option for new traders to develop their skills and apply theoretical knowledge in both technical and fundamental analysis. In general, the broker has prepared a solid basis for beginners to make their first acquaintance with the art of financial trading; the level of quality, which can be seen in every aspect of the company’s activities, contains the potential to turn Olymp Trade into one of the leaders of the binary options market.

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Reviews on Olymp Trade

Comments about Olymp Trade
( 16 )
User rating: 4.6 / 5

Comments: 16

  1. avatar
    Agastia Sulaksana
    08/02/2017

    Hey, I’m Indonesian trader, I’ve been trading with Olymp for about 3 months now. And I have just made an important decision to be Olymp’s VIP member. As a VIP member, I don’t have to analyze everything by myself, cz there’s a manager that train me to analyze my trades and help me making decision. I hope, there will be some Indonesian speaking manager too soon lol. Btw, thanks for the risk-free trade, it has saved me from several bad analysis.

    • avatar
      Alfri Yanuwirawan
      10/06/2017

      I already a vip but never get a manager that train me. Where’s my manager?

  2. avatar
    Isnan Maulana
    17/02/2017

    gw betah banget ni di Olymptrade karna disini gw ngerasa dihargain banget sebagai trader. dikasih bonus, dikabarin terus kalo ada promosi, di email kalo da berita ekonomi penting and selalu dijawab kalo punya pertanyaan. Betah deh ga kaya yang laen. gw juga betah karena Olymptrade selalu bikin artikel2 cara trading yang emang setelah gw buktiin ternyata sakti abis I lope you pull lahhhh wkwk

  3. avatar
    rwothomio
    23/02/2017

    I read it but how many days does requested withdrawal money come takes to come to visa card

    • avatar
      Yayand
      15/03/2017

      Usually i can see my fund on my e-wallet by just 1×24 hours or less

  4. avatar
    Irwan
    28/02/2017

    Withdraw pun cepat , i love olymtrade fulll

  5. avatar
    Samuel
    30/03/2017

    what is the profit percentage and investment duration time???

    • avatar
      Olymp Trade
      17/04/2017

      Hi Samuael,
      With a regular account, you can get up to 80% from each trade. And, if you use VIP, then it is boosted to 90%. Our trading time vary from 1 minute to 1 day. Hope it helps!

  6. avatar
    Riki
    30/03/2017

    Aku deposit pake Fasapay, kurang dari sehari dah nyampe akun uangnya.. tapi sekarng harus nambah lagi nih, biar gede modalnya xixixi

  7. avatar
    Bertram
    19/04/2017

    What I liked from this broker was the web terminal. It’s good in that the history is fully reflected, not like with most other ones – only the last few candles. It’s also nice that there’s a timer which indicates the time that’s left till the end of expiration. The broker can be regulated, which is very cool!

  8. avatar
    Nazril
    28/04/2017

    Can any one help me on how to score big profit? I’ve been an Olymp trader for 2 weeks now, but all I can gather is 78$ profit. I want moreeee

    • avatar
      Hilman
      14/05/2017

      Kalo cara withdrawal lewat Fasapay gimana yah? ane newbie nih

    • avatar
      Mihle
      15/05/2017

      Nazril how did you even get to that point? i’m a student, trying to raise money. do you guess or there’s a certain routine that you follow?

      • avatar
        Nazril
        17/05/2017

        Man, it’s simple. I only use one strategy so far, which is “trade on news”. Just follow their FB page and you can easily find this kind of post. They write what asset yu need to pick, whta time the news release and prediction according to the news release. Just see it for yourself, bro.

        • avatar
          Poi
          06/06/2017

          Can’t find them in FB. What is the exact FB Page name? thanks.

  9. avatar
    Cut Isti
    18/05/2017

    olymp trade punya komunitas ga? engen gabung nih

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