Olymptrade Review

Overview

Olymp Trade is a new dawn on the market of binary options. We have created a company that meets the highest requirements of our clients.

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Details

Broker Olymptrade
Website URL www.olymptrade.com
Founded 2014
Headquarters 60 Vasileos Pavlou, Agios Dometios, CY 2360, Nicosia, Cyprus
Minimum 1st Deposit $10
Maximum Trade Amount $1
Payout Up to 80%
Free Demo Account Open Demo
Regulated Yes
US Traders Allowed No
Mobile Trading Yes
Overall Score 8.9/10

Full Review

The relatively young brokerage company Olymp Trade entered the market of binary options at the end of 2013. Their brokerage office is located in Moscow, this company has initially focused on the Russian market of binary trading.

It is logical that each user has always a possibility to get support and answers to his questions in Russian. The  Olymp Trade’s website which was opened in the first half of September 2014, is a product of the merger of Smartex International Ltd. and Frandom Holding. Currently, the number of Olymp Trade clients increases, the company provides affordable trading conditions, services, and modern software, we can confidently say that the number of users will increase.For the comfort of traders, in addition to the online chat where you can ask questions, there is a single phone number for quick communication with a broker. The company pays special attention to the contact with the end user.

Currently, Olymp Trade has a license with FinaCom PLC. A registered office of the company coincides with a legal address of IQOption, just these two brokers registered in the same building in Cyprus.

The OlympTrade provides a free demo account to everyone. You only need to register, and then you will get a full access to the trading platform, with a balance of 200 virtual dollars. After the demo practice, you will already be able to work confidently with a real deposit. The minimum deposit is 10 dollars. The minimal bet for binary options trading starts from from 1 dollar. This is a great opportunity for beginners who want to learn about how to earn on the options.

 

Bonuses

The Bonuses at OlympTrade is a great addition to the overall picture, thanks to an adequate trade turnover, bonus balance needs to push through 25 trades to become available for issuance. Most brokers, by contrast, offer bonuses with trading turnover of 50 times or more, it is not realistic for beginners with a small deposit and the lack of experience and working strategies. If you don’t have any trading experience yet, Olympus has created a decent Trade Academy on markets, calling it Olymp Academy. The uniqueness of this academy is a large knowledge base of the strategies, various courses and weekly online webinars, with practical tips and interactive learning. More than 90 thousands of new users have been given a free course. Olympus Trade also offers a variety of bonus programs.

 

Deposit and withdrawals

Commission-free proposed withdrawal: the company itself pays all fees for withdrawal.Opening an account with Olymp Trade is easy and it takes a few minutes. It is interesting that for the future withdrawal of funds on the same card or electronic payment system, which was used for account depositing, a verification of personal account is required. The Olymp Trade broker works with major payment systems such as VISA, MC, QIWI, Neteller, Webmoney, Yandex-money, Contact 24. Note, that they greatly simplified the procedure for withdrawal in comparison with other brokers.

 

Complaints of Olymptrade

Searching for complaints in the depths of the Internet, we found a few negative reviews, but they were insignificant in terms of the described problems encountered by users of the broker.

 

Regulator

This regulated broker provides a high level of service and protection to clients.Olympus Trade Broker is being regulated by FinaCom PLC

Check license FinaCom PLC site

 

Features

Opening an account with OlympTrade very simple. To do this, at the website of Olymp Trade, enter basic information about yourself. The OlympTrade, unlike most other brokers, enables its customers to get acquainted with live trading using a demo account. After the registration, you will get a demo account with a virtual account of $ 10,000 (in case if you choose the dollar account). The demo account is a chart which does not differ from the real one, there are no restrictions in the functioning of the platform, neither opening of transactions.

A demo account is a big plus for beginners. Unlike other brokers, this demo account can be an addition to the primary one, and can be switched back and forth with special links. In the beginning, you get 10,000 virtual dollars.

Own, developed trading platform: the company has created a well-adjusted trading platform, it works without a glitch, if necessary, it can be very easy to add additional options, depending on customer needs.

 

Summary

Due to the relatively wide choice of time-frames to trade can be carried out both fundamental and technical analysis. You can use a variety of techniques and strategies to trade on news and market volatility through short options.Also, you can use the analytical section on the site and explore the price movement, using various indicators of the analysis. In general, the OlympTrade broker has prepared a good basis for a comfortable first acquaintance with the world of trading for beginners; in the level of quality that is fully present in all aspects of the company, we feel the OlympTrade’s potential for development as one of the leading brokers in binary options market.

 

Conclusion

A Binary Options Broker OlympTrade is quite different from a typical representative of the financial industry, but this is just its advantage. The downside of the Olympus trades at the moment, is a small selection of trading assets, now there are only 30, we hope this will change in the future. Despite the fact that Olympus Trade offers a limited number of binary options, this broker is profitable enough. Trading will be much better and more effective if all possibilities for the professional conduct of trading are met. Easy interactive form of learning, a minimum deposit of only 10 dollars, an independently developed trading platform, excellent customer support, the ability to trade 24/5, and fast withdrawals without any problems, makes the Olymp Trade a very good candidate for the title of one of the best binary options brokers in the world.

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