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OlympTrade Review

OlympTrade
Up to 100% deposit
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Overview

Olymp Trade is a new dawn in the market of options. They 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 Suite 305, Griffith Corporate Centre P.O. box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines
Support Number 357 25030996
Languages Russian, English, Portuguese, Spanish, Thai, Indonesian, Turkish
Trading Platform Own development
Minimum 1st Deposit $10
Maximum Trade Amount $1
Bonus Up to 100% deposit
Payout Up to 90%
Free Demo Account Open Demo
Regulated Yes
Regulation FinaCom
Account Types Demo, Olymp Trade OPTION
Number of Assets 65+
Expiry Times 60 sec. - 3 hours
Types of Assets Currency, Stocks, Indices, Commodities, unique asset Random, Cryptocurrency (Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Bitcoin Gold, Ripple, Monero, Dash, Zcash, Ethereum Classic)
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 9.3/10

Additional Information

Full Review

International platform for online trading Olymp Trade entered the market of options at the end of 2013. The representative office of the modern IT-project is located on Cyprus (Limassol) and in Saint Petersburg.

The trading platform customer care supports all 10 languages provided.The website of Olymp Trade launched in the first half of September 2014, is a product of the company Smartex International Ltd. Currently, the number of OlympTrade clients is increasing; the company provides affordable trading conditions, services, and modern software; and 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 contact with the end user.

Demo Account

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

Olymp Trade provides a free demo account to everyone. You only need to register, and then you will get full access to the trading platform, with a balance of 200 virtual dollars. After demo practice, you will already be able to work confidently with a real deposit. The minimum deposit is 10 dollars. The minimal bet for options trading starts 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 are 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 options brokers, by contrast, offer bonuses with trading turnover of 50 times or more, which is not realistic for beginners with a small deposit and a lack of experience and working strategies. If you don’t have any trading experience yet, OlympTrade has created a decent Trade Academy on the markets called 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 thousand new users have been given a free course. The platform for trading in financial markets also offers a variety of bonus programs.

 

Deposits and withdrawals

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

 

Complaints about OlympTrade

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

If we find complaints about Olymptrade, we will post it on social media. Follow us to be well informed:

 

Regulator

This regulated broker provides a high level of service and protection to clients. Olymp Trade the broker is regulated by FinaCom PLC.

Check license FinaCom PLC site

 

Features

Opening an account with OlympTrade very simple. To do this, enter basic information about yourself into the Olymp Trade website. Investment online platform, unlike most other brokers, enables its customers to get acquainted with live trading using a demo account. After registration, you will get a demo account with a virtual balance of $10,000 (if you choose the dollar account). The demo account is a chart that does not differ from the real one, and there are no restrictions in the functioning of the platform or in opening of transactions.

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

The developer has created his own smoothly working trading platform; it works without any glitches, and it is very easy to add additional options, depending on customer needs.

 

Summary

Due to the relatively large choice of timeframes, you can conduct both fundamental and technical analyses. You can use a variety of techniques and strategies to trade on the news and market volatility through short options. Also, you can use the analytical section on the site to explore price movement, using various indicators of the analysis. In general, the OlympTrade broker has created a good foundation for a comfortable first acquaintance with the world of trading for beginners; based on the level of quality of all aspects of the company, we feel that trading platform has the potential to develop into one of the leading brokers in the options market.

 

Conclusion

Investment online platform OlympTrade is quite different from a typical representative of the financial industry, but this is an advantage. Olymp Trade offers its users over 65 options to work with, the trading on its platform is pretty much gainf. This international platform for online trading is fairly profitable.

Trading will be much better and more effective if all possibilities for the professional conduct of trading are met. An 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 (cryptocurrency trading on weekend), and fast withdrawals without any problems make the Olymp Trade a very good candidate for the title of one of the best options brokers in the world.

IT-product Olymptrade.com is controlled by the company:

  • Smartex International Ltd., registration number 1631 CTD 2017, registration address: Suite 305, Griffith Corporate Centre P.O. box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines.
  • The company Wallfort Limited works as an agent; registration number HE364695, address: KPMG Center, 1-st floor, 1 Agias Fylaxeos Street, 3025 Limassol, Cyprus.
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Review

  • Seabriz

    For me, a huge advantage of options has always been a low entry barrier and it’s quite low in this company, just $ 10. The remaining advantages can include an extensive range of options, rather quick withdrawal, and of the ability to replenish and withdraw money through the most popular electronic payment systems.

  • FND

    i think and i’ve the strongest feeling that olymp trade trading platform is rigged and manipulated to cause you to lose your trades. i’ve been trading on its platform since feb and i’ve lost 3 big trades due to its buffering/frozen platform, “restart now” instructions and not to mention confirmation of trading pop-up during critical stage of my trading. as a result, i lost big; $2,000+ the 1st time, $600+ the 2nd time, and yesterday, another $1,200+. the 1st time, i was about to enter my 8th trade to win the trade, the platform buffered and showed the little circles swirling for about 10-15 seconds. by the time, the buffering stopped, it was too late to enter the 8th trade, and i lost the series of trade amounting $2,000+. the 2nd time, i was on my 7th trade, and the screen asked me to “restart now”. i pushed the “restart now” icon once then, it appeared again. i pressed it again but by the time i had my trading platform back, it was too late to enter the 7th trade, and i lost $600+. the 3rd time yesterday evening, i was onto my 5th trade, the confirmation to trade pop-up appeared twice, when it wasn’t supposed to be because i’m a vip member and have chosen a one-click trading option. when i clicked the pop-up trading confirmation, it was too late and the trades were lost. each time it happened, i’ve complained to olymp trade. no answers or explanations given. i’ve asked for a refund on all these trading losses. they’re yet to reply me. all i got was auto-emails saying “thank you for your complain or request and we’ll answer you in 4 hours” and “your request is being looked into by our technical department”. so, what’s my recourse? how or where can i take this further?

    • Olymp Trade

      Hello FND!
      Please send us an email to [email protected]. We will look into your case and try to solve this issue. You can also get in touch with our support team via online chat which is available on our website.

    • Freddie

      I recommend that you measure the ping from you to the broker’s server, if the ping is high that means you have slow internet and the reason is just this. Another reason the Internet can slow down is because of the firewall, or the antivirus is slowing down the process. Add the browser to the antivirus exception, the browser through which you trade, and add the firewall to the exception of the broker. Once I had an instance when windows itself was lagging, when I reinstalled it, it turned out that half of the RAM memory was lost due to a breakdown. In any case, during trading check the loading of the RAM and the processor. The PC should also be checked for viruses. In actuality, there can be many different reasons why the terminal can be slowed down. Last but not least it could be the broker’s problems. In any case – write to support, let them check out what’s lagging and what’s the reason.

  • honi

    I’ve never related to binary options as to something serious, but because forex got dull I decided to try out this one. First I had two weeks of demo and a short training course, then switched to a real account. The real didn’t go so smoothly, must have been the psychology that got in the way and I started making mistakes, but I gathered myself together and was able to make my first 10 bucks, must have been the training, that I got here had started showing its result. At first I couldn’t find my asset, since there are so many of them here, everything from stocks to regular currencies, many have high profitability. I finally chose euro and pound, they’re afterall the most volatile and are great for trading on short TF. In a nutshell, I got pulled into these binaries, I don’t trade on forex now hardly ever, spend all my time on BO. For me personally it’s easier to make $100 here than it is on forex.

  • Gerjo

    I’ve never related to binary options as to something serious, but because forex got dull I decided to try out this one. First I had two weeks of demo and a short training course, then switched to a real account. The real didn’t go so smoothly, must have been the psychology that got in the way and I started making mistakes, but I gathered myself together and was able to make my first 10 bucks, must have been the training, that I got here had started showing its result. At first I couldn’t find my asset, since there are so many of them here, everything from stocks to regular currencies, many have high profitability. I finally chose euro and pound, they’re afterall the most volatile and are great for trading on short TF. In a nutshell, I got pulled into these binaries, I don’t trade on forex now hardly ever, spend all my time on BO. For me personally it’s easier to make $100 here than it is on forex.

  • Grexon

    I’ve been trading with this broker for over a year, since then I’ve withdrawn more money than I’ve deposited on it’s account. Have contacted support only to ask some questions. I have no complaints about the broker.

  • https://plus.google.com/103614743166808856628 M Mansoor Sultani

    The worst thing that olymptrade does not want their traders to win is the return reduction when an asset is overbought or oversold and the doji appears the asset’s return decreases from 80% to 10% which is the act of scam so be careful and don’t trade with them until they did not fix that

  • https://www.facebook.com/app_scoped_user_id/10154372400057120/ Antonello Manca

    The company first blocked my account saying that I had use the platform with Hidden ip address by using an anonymize software, which is not true, I gave all verification documents they requested and then once provide, they would ask more silly things…The only reason the blocked is because after months I had a profitable account, and then once I proved them that there was not faults and the ip were real they told they I trade from different countries and therefor that was not allowed. keep in mind there is not such thing in the general rules

    • https://plus.google.com/109560298508389817628 Daya *

      They did same with me

  • Johny

    I started trading with the broker recently, first tested it on a demo account, when I saw that it’s all satisfying – I switched to testing the broker on a real account. A few more weeks of testing with a smaller sum, if all is well, and I’m sure it will be, then I intend to open a vip account here.

  • Fagave

    Everything is ok with the platform, I’ve been trading with them for a little over a year, there haven’t been any fallthroughs since then, everything works very smoothly and stablily. And in terms of their support, I can’t really say anything, because I’ve only contacted them a few times, and have gotten standard responses, haven’t noticed anything unusual.

  • Babatope

    Good day sir, pls i av been trying to register on your platform for real trading,
    but i could not make deposit. kindly help

    • Gidan Hajalla

      I registered and it`s really easy – you need to sight up by email and phone number. They have good support team – try to ask them, if you still have troubles

  • https://www.facebook.com/app_scoped_user_id/1964259130485457/ Roshan Sindhu

    I am unable to login

    • http://twitter.com/smanpreetbawa Manpreetbawa

      Hi I m from India.
      Please suggest me how to deposit the amount

      • https://plus.google.com/109560298508389817628 Daya *

        Don’t deposit they make fraud and block after winning

  • Geek!

    Is auto trade option available? Also is a broker assigned

  • https://www.facebook.com/app_scoped_user_id/684321031956159/ Scott Hamilton

    The trading goes well and the platform is convenient and fast. There are many of various assets. There is even one that the broker created itself. I’ve only traded it a couple of times cause I’m not that good with cryptocurrencies. All in all, I think it’s a good company.

  • vivi novia

    helloi am trader at olymptrade my id is 21407563
    i wwaiting my withdrawal since 7 days ago not yet finish when he paid the withdaral i will said here he willl paid ..please do fair sir .sorry my english weaknes

    • Jikser

      vivi novia, you’ve got a strange id, it’s displayed in a different way for me. I guess, you’ve either confused something, or done something wrong. I’ve been trading by this broker for a long time and I’ve never had any problems with withdrawals. The whole process takes up to 3 days tops till I receive the money, and the withdrawal itself usually happens on the same day. What did the support team tell you?

  • vivi novia

    please admin olymptrade paid my withdrawal ..and i will said here with true you paid or not ..

  • Coinseeker

    I’ve tried trading different assets on this platform, like eth and btc – the profitability is good, usually about 80%, the terminal works without any problems and opens deals straight away, even when on the news. The support is also okay, I spoke to them a couple of times, they helped me solve my problems.

  • Thomas

    like working with this company. Here all at level, and there are no delays on payments, still very pleased with the early, thank you

  • Leon

    I’ll share my experience and hope that it’ll be interesting and useful…
    The broker has the main currency pairs, gold, silver and oil. There’s also cryptocurrencies – about 10 kinds (if I rememebr correctly, I might be mistaken), which let you work even on weekends, when stock exchanges are closed. There’s CFD, shares and so on, I don’t know. I mostly trade cryptocurrency and forex.
    Also, the broker offers bonuses from 10 to 50% of the deposit sum, moreover, it’s doesn’t stop you from withdrawing money.

  • Trang Tran

    100% this broker is scammer

  • Carletto

    La compagnia è eccellente In termini di collaborazione con lui in generale, nessun problema: tutto funziona bene. Inoltre, il denaro viene sempre ritirato quasi immediatamente, cosa che non può che rallegrarsi.

  • Gibsons

    I have no questions to the broker’s work. While the results of the work are really quite positive, and working with the broker was really convenient.

  • Berthold

    Ich bin sehr zufrieden mit dem Makler. Bis jetzt keine Probleme in Bezug auf die Arbeit, nein – der Makler ist ziemlich glücklich mit mir. Geld wurde ohne Probleme zurückgezogen.

  • Dinesh kumar

    its a scam. please do not invest in olymp trade. i lost my 25000 Rs. when i play with demo account i always win but when i play with my real account i lost. its a scripted site.

  • Sasi

    The reviewing sites never give bad impression to such platforms. Do you know why? They get a fancy commission for making people register. I mean the affiliate things.

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