OlympTrade Review

Details

Broker	OlympTrade
Website URL	www.olymptrade.com
Founded	2014
Headquarters	James Street, Kingstown, First Floor, First St Vincent Bank Ltd Building, Saint Vincent and the Grenadines.
Support Number	357 25030996
Support Types	Chat, telephone, knowledge base, forum, contact form, e-mail
Languages	Russian, English, Portuguese, Spanish, Thai, Indonesian, Turkish
Trading Platform	Own development
Minimum 1st Deposit	$10
Minimum Trade Amount	1$/1€
Maximum Trade Amount	2000$/2000€ (for VIP 5000$)
Bonus	Up to 100% deposit
Payout	Up to 90%
Free Demo Account	Open Demo
Regulated
Regulation	FinaCom
Account Types	Demo, Olymp Trade OPTION, Olymp Trade FOREX
Deposit Methods	Credit cards, debit cards, Qiwi, Skrill, Neteller, Yandex Money, Webmoney, Payments, FasaPay, etc.
Withdrawal Methods	Credit cards, debit cards, Qiwi, Skrill, Neteller, Yandex Money, Webmoney, Payments, FasaPay, etc.
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
Mobile Trading
Tablet Trading
Overall Score	9.3/10

Additional Information

• 28 indicators are implemented to the platform
• Download the iOS mobile app
• Download the Android mobile app

Full Review

International platform for online trading Olymp Trade entered the market of options at the end of 2013. The trading platform customer care supports all 10 languages provided. The website of Olymp Trade launched in the first half of September 2014. 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.

 

Terms of trade with Olymp Trade

Olymp Trade has a license with FinaCom PLC. Broker 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 10 000 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.

For traders’ comfort, apart from online chat, where you can ask current questions to the support, there is a single phone number for quick connection to the managers. The company gives special consideration to the contact with a user.

The registered address of the company is: James Street, Kingstown, First Floor, First St Vincent Bank Ltd Building, Saint Vincent and the Grenadines.

Olymp trade (the real feedback from traders read below) actively operates in the market since 2014, considered to be one of the young, but promising resources among the competitors. It provides the services specifically for the broad audience, so all the materials are on a trader’s native language, so is the managers’ support. It eases the cooperation with Olymp support service (the real feedback from traders read below). The company takes it crucial to provide its user with available trading, so for the access to the market you will need just 10$ and you can not only try your intuition, but increase your capital by times. The chance to start getting the high earnings easily is what attracts traders to OlympTrade (find below the official website and references of real traders).

It’s very easy to open an account in OlympTrade. For this, you shall leave your data on the home page of the investment platform. Unlike other similar platforms, OlympTrade lets its customers check out the live trading with a demo-account. After the registration you get a demo-profile with a virtual account of $10000 (if you got for a dollar account). The demo-profile has a chart, which isn’t different from a real one, there are no limitations in platform operation and opening transactions.

OlympTrade options are not just an investment to some assets, the market may become for you the main primary source of revenue, bring you fair amount of money and totally change your life. For trading really to become more than just a fling for you, you shall build the work with it from the ground up, study options. Olymp Trade will be your real assistant here. There are quality reviews of indicators available on its official website, trading strategies, a wide range of webinars.

The options will be a simple and available option for your investments along with the trading platform (find the references about OlympTrade under the review). Needless to say don’t forget the specialized literature, complete professional trading trainings, which may be both, free and commercial. The company also constantly runs tournaments, free and commercial, VIP-tournaments, which let yout earn real cash and withdraw it (read the feedback about OlympTrade options after the platform review).

 

OlympTrade platform

OlympTrade is happy to offer to its stock jobbers the whole range of options for the full-pledged trading. This company is one of the most effective trading platforms among the other similar ones offering investments to options in the market, but it has what it takes to make the work comfortable and highly-remunerative. The references about OlympTrade prove that we deal with an absolute leader of trading, which cares for providing its customers with all the services they need. Interestingly, the trading platform of OlympTrade (study the feedback about OlympTrade below) is an original development of a professional team and was positively pointed by the customers of this young promising company.

Here are all trading aspects considered, nothing extra, but essential services, which let you trade with OlympTrade quickly and easy. The developers created a smoothly running trading platform operating with no faults, where the further necessary options can be added easily depends on the customers’ needs. There are the quotations of the major investment banks used in the OlympTrade terminal, this allows to display here the average weighted value. With Olymp Trade account 2 types of transactions with options may be completed: for duration (1 minute to several hours) and for expiration time (at least 1 minute). Also the account Olymp Trade Forex is available, with it the purchase (up) and sell (down) transactions by current price with no limit for duration may be completed. At that here is no spread (or the difference between purchase and sell priced), but commission by transaction completion and for the position transfer on the next day.

The functional platforms will surprise you by simple operating principle, its interface is convenient, aspects clear to users with no trading experience and nice design developed for you to set your mind on trading with OlympTrade. The references in Internet about it are different but mostly positive, among the advantages the users point the terminal, rapid transactions, professional managers of the support. All this proves its commitment to the service. Traders choose OlympTrade – a young but ambitious company.

• Olymp Trade Trading Platform for Indonesia
• Olymp Trade Trading Platform for India
• Olymp Trade Trading Platform for Thailand
• Olymp Trade Trading Platform for Vietnam

The trading terminal of OlympTrade can widely regarded as one of the most convenient and sophisticated solutions among those of other competitors. The platform contains hacks on  the main services, along with a personal account available for a trader, current market situation information, reviews of indicators and strategies, articles of experts. Among the main advantages please note the available trading, quality customer support, a wide range of training materials, proprietary technologies of trading with OlympTrade, platform, designed specifically for players of any level of competence. It’s safe to say that trading with OlympTrade is a pleasure.

 

Olymp Trade broker quotations

The question about the broker quotations is one of the most popular ones by traders of any platform as they effect the trading efficiency, possibility of using various strategies here (for example scalping, where the decision shall be taken instantly and even the minimal asset price alterations will effect the job outcomes). The OlympTrade broker declares, that using quotations of big investment companies it publishes in the terminal their average-weighted value. So this information will certainly differ from MT4 data, but it’s displayed directly on the platform, asset values are equal for all traders and remain under the tab «Quotations».

OlympTrade terminal is one of the perfect and most functional products in the market. Starting your work with it’s a point to keep in mind the importance of quality Internet connection with the platform to stay connected with the broker servers and timely website information updates, including quotations. Otherwise you may be in red.

 

OlympTrade demo account

Another convenient option of the company is a chance to try in use a demo account, provided free and termless. Switched to a real account you will always be able to get back to demo trading in order to try a new strategy, trace the behavior of indicators. Training trade cannot be overstated, it lets you easily check out the operation principles of the real market, make your first transactions and become a more confident trader. The free demo account makes dealing with OlympTrade more gainful, the feedback of customers in Internet about the benefit of the training tradind is continuous, so you’d better not regard it casually, this is an instrument preparing you to your future trading wins.

The online platform of OlympTrade provides with a free demo-account anybody who wants to. All you need is to sign up and get the full access to the trading platform with the balance of 10,000 virtual dollars after. After demo training you will be able to work with the real deposit masterfully. The minimal deposit is equal to 10$ (10 euro). The stake in options of OlympTrade starts from 1 dollar and euro as applicable. This is a perfect chance for novice traders longing to cash in on options. The demo account is a great virtue for novice traders. Unlike in other companies, you can manage the demo account along with the main one and switch with a special link option.

 

OlympTrade account manager for VIP

The broker offers the entire system of benefits for traders with VIP-accounts. With such a status trading becomes more effective and profitable.

VIP-account advantages:

• Personal counseling of a VIP-analyst;
• Excess return from transactions from 82% to 90% on currency pairs (6 assets with high percentage warranted: 2 by 84%, 2 by 87%, 2 by 90%);
• Shares with the maximal profit percentage by two assets 92%;
• Risk free transactions;
• Exclusive VIP-webinars.

For a trader with no trading experience in financial markets a VIP-account may be a sensible approach! All you need to become a VIP-trader is to refill the balance for the sum from 2000 USD/2000 euro.

One additional point merits mention is OlympTrade account manager support for VIPs. Such a manager will be a true friend for a customer since he will help him to get answers on any questions, advice a strategy for executing transactions, money management optimization. One can say his duty is entirely follow the user’s trading making his work effective.

 

OlympTrade mobile applications

Please note also OlympTrade mobile applications (iOS/Android) making the comfortable options trading possible at any time worldwide. It does not matter now where you are, the application will be always with you on your smartphone. The terminal contains all the options we need to execute comfortable and functional trading on your phone.

To set up a mobile platform to your device you need just to find a button with an operational system of your smart phone and press it to download the terminal.

 

Olymp Trade bonuses

The bonuses at OlympTrade are a great addition to the overall picture. The bonuses may be used for trading and the profit from them may be withdrawn without any problem. You don’t have to work the bonus means out, this is very convenient for the company customers. 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.

OlympTrade developed a hefty base of training materials available under the tab «Training». Here are references, strategies, reviews of indicators, webinars with merely practical advices from the market professionals. 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 withdrawal

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. The withdrawal is always to be transferred to the banking details the trader used to refill in his deposit (for the purpose of his data security). The availability or lack of the completed verification procedure doesn’t effect the withdrawal, so you can take your money off the deposit even with no account verified. However, the trader can be verified on his own initiative or being asked by the company experts.

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 Credit cards, debit cards, Qiwi, Skrill, Neteller, Yandex Money, Webmoney, Payments, FasaPay, etc. Note that they greatly simplified the procedure for withdrawal in comparison with other brokers.

Rapid and smooth transactions are one of the main indicators of the reliability and decency of investment platforms. OlympTrade (read below the feedback about withdrawal) being a solid company does its best for the capital transfer to be as soon as possible. In order to withdraw the funds a trader shall sing in his personal account, leave a quick request under the tab «withdraw». You can find many comments on OlympTrade in Internet: if they withdraw the money, how quick does it happen, what issues come up by withdrawal. After a close look to the comments of the company customers we answer positively: the company organized its withdrawal process well enough, the users say that the funds hit the account quick and with no problem.

How quick the transactions are executed by OlympTrade? The comments on the withdrawal clear more often than not, that the transactions happen within 24 hours, but may be longer – up to five banking days. And yet the company declares on its resource that it does its best for the profit withdrawal process to be quicker. Please note that OlympTrade (see the comments on withdrawal below) is one of the major companies in the market focused on the long lasting relationship with traders and doing everything for trading to be not merely comfortable but also gainful.

 

Complaints against 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:

 

Olymp Trade broker regulator

This regulated broker provides a high level of service and protection to clients. Olymp Trade the broker is regulated by FinaCom PLC., has a certificate of A category, this makes dealing with the company safe and secure for traders. The trading platform secures for its customers the insurance coverage of $20 000 for each transaction in case of dispute resolution between the trader and the developer in the former’s favor. Besides, Olymp Trade passed the certification for transactions completion quality under the procedure approved by independent service Verify My Trade, you can also read about on the website FinaCom.

However traders are often confused by the fact of the company registration in offshore zone, they conclude that it doesn’t let them deal with the legal issues seeking equitable relief in questionable matters. Broker’s managers so reply on these complaints: the company registration shouldn’t confuse the customers as it’s focused more on the convenient interaction with traders from different countries as the platform is international. As for the legal issues resolution, here the operator’s activity entirely goes along with the regulator – international Financial Commission. This financial body deals with the matters of traders quickly securing the protection of their transactions.

• Check license FinaCom PLC site
• Check the quality certificate for transactions completion on the website of the broker FinaCom PLC

 

OlympTrade user agreement

Starting cooperation with any broker you shall study the «User agreement», with the description of the rules of the system operation, obligations and rights of a trader and an operator. The paragraphs of this document are often absolutely not profitable for a customer and complicate his collaboration with the broker. However, even if you didn’t study it, starting trading on the platform you agree with its paragraphs automatically. As for OlympTrade, here are such «seamy sides», too, which will fairly cause you a series of questions.

For instance, in the paragraph «Proper law» there is a clause about the complaints of the customer left against the broker to be considered in the court of the country where the broker was registered, and these are Seychelles, which is extremely inconvenient for users, especially those not speaking the foreign language. Apart from this, the above mentioned paragraph no protest may be filed, as in the next clause the customers agrees, that he will not put in claims the legal arguments venue, despite of him feeling not comfortable about.

Or another document clause, in which it is said that the company doesn’t bear the responsibility for the technical failures and breaks in the trading terminal operation caused by hacker attacks etc. Which means a customer, who run up losses through no fault of his, is left alone with this problem. Same relates to losses caused by use of the broker’s analytical materials.

There was another condition proving that the company can change he trading conditions at will: cut off assets, decrease payout percentage etc. If this clause was inserted to «pull the plug on» effective traders doesn’t matter now. When a scandal flushed around it and customers started to increasingly say on forums that OlympTrade is a confidence game and a scam, it was altered.

 

Is OlympTrade a scam?

One of the actual questions on the numerous forums in Internet is, if OlympTrade is a fraud and a scam or a really reliable platform delivering on its obligations before users and granting a chance to make profit? There is a lot of scam sites in Internet, we get complaints of traders on such companies on the regular basis, they use various ways to beguile traders: managers stop being in touch right after the real money transfer, withdrawal issues come up.

So the traders want to be sure that OlympTrade is not a scam artist, but a reliable company providing the whole trading service package to its customer. After a close look at many market fraudsters, we can assure you that OlympTrade is not a fakery, but a reliable trading platform with the regulation and image. It doesn’t go missing, its support managers are happy to answer all your questions, the company’s website operates smoothly, with no widespread negative and problems.

 

Youtube bloggers about OlympTrade

OlympTrade became popular in the world largely due to the exit of a major broker IQ Option from the markets of some countries. This platform run too active advertizing campaigns, including those on Youtube. After this broker exited from the market the majority of its customers had to switch to OlympTrading platform. «Would-be advertisers» promoting IQ Option capacities in Internet needed a new broker to get a stable income. So they switched their attention to OlympTrade, and the advert with it started to widely appear in Internet.

Especially many adverts about broker appeared on Youtube. Extremely popular the video clips of «Trader-rapper», «Trader from Rublyovka» and even of a girl in a lingerie, hot upon a topic of OlympTrade she fabulously gains with. Such «professionals» advised to the market players «safe strategies», unique techniques allegedly securing incredible incomes from investments. Interestingly, that traders trusted them. But you’d better be careful using the anecdotal evidence, as there may be an inexperienced trader or even a teenager addressing to you from the other side of the screen, constituting himself a true «clever fellow» and being just a flimflammer instead. More often than not the strategies presented by «youtube trading gooroos» won’t bring you money and even may cause the capital lose.

There are many negative references about the broker appearing recently in the internet, so everyone wonders what is OlympTrade – a scam or a company to trust? Users complaint it to offer the incorrect quotations in the terminal, doesn’t let your money to be withdrawn etc. Using «safe trading techniques» offered in the latest youtube video clip, traders lose their money. What remains to be done? Just leave the negative feedback about OlympTradde, that it’s the broker leaked their deposit, that it’s the platform cheating them and so on.

 

Summary

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.

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.

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

• James Street, Kingstown, First Floor, First St Vincent Bank Ltd Building, Saint 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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