2.25 4 Reviews
2.25

Olymp Trade Review Summary

OT is a global online trading site that started out in 2014. The name "Olymp Trade" comes courtesy of Saledo Global LLC, registered in St. Vincent and the Grenadines. The company's got twenty million clients around the world are working to provide fx trading to every person. Activities are governed by the IFC which grades the broker as a Category A Broker.

Olymp Trade Review Highlights

Trading Platform: Olymp Trade platform
Cryptocurrencies Yes
Regulator IFC
Minimum Initial Deposit $10
Leverage 1:200

Pros & Cons

Pros
  • Olymp Trade has a robust education system
  • They're delivering outstanding customer service
  • The trading interface is user-friendly
  • Gives risk-free trade as opportunities
  • Average deposit is small
  • They've got a low min. investment
Cons
  • Limited forms of exchange
  • Limited assets to be traded
  • Limited scope of accounts
The-Logo-of-the-Olymp-Trade
FREE TRADING ALERTS SIGNALS TRADE THE TOP CRYPTOCUREENCIES AVAILABLE IN MULTIPLE COUNTRIES
official Wbsite >

The business provides absolutely spread-free trading, with just 1 price for every security out of 42. That asset lists has currency pairs, digital currencies and metals on it.

Trading occurs through the Web Platform, you don’t have to install a program on the device you use.

The user-friendly GUI renders this company an especially viable alternative for novices. Trading charts can be tailored to four views: location, bars, Japanese candlesticks and Heiken Ashi. Nineteen metrics are on offer for technical review.

The company has some a low marketplace entry cost, with the first deposit being just USD/EUR 10. The min. volume is one dollar or one euro for transactions and the leverage is 1:5-1:200 determined by the asset type and obtained in a simpler way via a multiplier rate.

Take Benefit and Stop Loss are critical uncertainty handling tools and come with a Stop Out feature that put a stop to losses from going over deposits. Trading ceases automatically when money dries up.

The company’s customers may create Fx positions via demo mode – it comes with zero cost and has 10k demo units that can be charged again on the equity. Traders with experience can be elevated to VIP with USD/EUR 2k deposit and entry to unique plans, a personal account handler, and several other benefits.

Other trade conditions count in a fair and straightforward position-opening commission and a swap fee. No fee will be paid for closure. The dealer does not have any extra expenses when depositing or withdrawing cash – these are paid by the company.

The business provides a range of ways to pay: credit cards, online wallets like Skrill, Neteller, etc., Bitcoin and local banks. The processing time for withdrawals is a day for standard clients and a few hours for VIP clients.

In addition, they focus particularly to knowledge – traders can find many valuable learning materials on the firm’s web page, such as posts, webinars and video tutorials.

The tech support desk works all the team with multiple languages supported, while experts answer quickly when contacted through e-mail, phone or live chat.

The high standard of services brought them six awards, such as the Show FX World Prize and Best Trading Platform at the Forex Awards.

The company aims on ensuring marketplace access regardless of investor size. OT launched in 2014, but now has more than 200k clients on its monthly site. Olymp Trade has no secret fees and no penalties for deposits and withdrawals.

Olymp Trade provides a vast variety of currency pairs, assets, and traded funds to users. They are known by customers and rivals as great brokers.

Their users trade fx on a fantastic platform with personalized research software. OT is committed to providing its clients with free seminars, entry to experienced traders and multi-language materials, and client support in thirteen languages around the clock.

Another indication that Olymp Trade genuinely sticks to offering customers what they require for effective trading.

Olymp Trade Registration

Founded: 2014
Broker Type: Broker
Languages Supported: EN, TH, IN, PT, ES, TR
Trading Instruments: Crypto-currencies, Currencies, Commodities, Indice
Account Types: Two types of account: Standard & VIP
Expert Advisors: Yes
Social Trading: Yes
Hedging: No
Scalping: No
Commission: N/A
Inactivity Fee: N/A
Swap-Free Account: Yes
Mobile Apps: Yes
Demo Account: Yes
Prohibited Countries: Canada, Australia, United States, Japan, Austria, Belgium, Bulgaria, Cyprus, Denmark, Finland, France, Germany, Ireland, Italy, Israel, Latvia, Lithuania, Netherlands, Norway, New Zealand, Portugal, Poland, Romania, Slovakia, El Salvador, Spain, Switzerland, Sweden, United Kingdom, Russian Federation.
Trading Fees: Yes, variable
Withdrawal Fees: Yes
The-Logo-of-the-Olymp-Trade
FREE TRADING ALERTS SIGNALS TRADE THE TOP CRYPTOCUREENCIES AVAILABLE IN MULTIPLE COUNTRIES
official Wbsite >

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Olymp Trade Reviews

4 Reviews for Olymp Trade

  • Graham says:

    When it came to withdrawals, I had to wait about 5 days for the review to complete and a further 4 days for the funds to come through. So, they are true to their word about the 5 day withdrawal clearence process but coupled with automated ‘ticket’ responses, the lack of 24hour ‘chat’ (that they still reference) and no phone number(s) to call, it has the feel of a start-up that’s grown without sufficient back-end support. Much like the shyster delivery companies in the UK; Hermes, Parcel2Go, Deliveroo – you have to hunt down any information about complaints/problem solving/customer service. The big difference is these guys are playing with your money and it’s no pleasant not knowing if you’ll get it back! I gave them the benefit of the doubt; have received half my funds and now awaiting the rest.

  • Andrew Melover says:

    Expensive! Unpredictable! Unreliable| Selfish

  • Wingman says:

    I think there is a considerable front end exposure to Olymp Trade; they come across as a simple and, on the surface, a professional platform, but the customer experience is very poor. I’m guessing they just don’t have the capacity to service the admin side either in terms of verification, trading or withdrawals.

  • Gordana M says:

    Olymp is good, but too many money lenders out there keep sending spams on Olymp as posts or comments.

The-Logo-of-the-Olymp-Trade
FREE TRADING ALERTS SIGNALS TRADE THE TOP CRYPTOCUREENCIES AVAILABLE IN MULTIPLE COUNTRIES
official Wbsite >

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