What is OlympTrade?

OlympTrade is an STP / ECN forex broker founded in 2014 and based in St. Vincent & the Grenadines. It offers forex currencies, cryptocurrency, commodities, indices, stocks, bonds, futures on Proprietary.

OlympTrade is regulated by Regulated by FinaCom. Its listed office is First Floor, First St. Vincent Bank Ltd Building, P. O Box 1574, James Street, Kingstown, St. Vincent & the Grenadines.

This review explains what you actually get: how safe the broker is, what trading costs look like, how deposits and withdrawals work, what the OlympTrade bonus offers, and who the broker suits best.

• ✓Regulated since 2014 by Regulated by FinaCom.
• $Cost to start: $10 minimum deposit and spreads from 0.3 pips.
• ⚡Flexible trading: leverage up to 1:400, hedging, scalping and news trading allowed.
• %Bonus: Yes, no no-deposit bonus.

More about OlympTrade

Olymp Trade Broker Overview

Olymp Trade is a forex and Binary Options Broker, the broker was established in 2014. Its head office located in St. Vincent and the Grenadines. Nowadays, Olymp Trade. The broker offers all of the most popular currencies in the world, such as EUR, USD, GBP, JPY, CAD, NZD, AUD, CHF, RUB and a lot. The broker is regulated by the most popular financial authority FinaCom. Day by day forex traders and investors joining with Olymp Trade. The broker does not accept USA client. 

Olymp Trade working procedure

There are only 2 types of options available in the Olymp Trade trading platform: Classic and Time.

Olymp Trade classic options is known as UP-DOWN exchanges.

Time options are usually an up-to-date and easy way to buy and sell on a dynamic market. To open up a trade, pick the option closing period, i.e., enough time of trade execution. In the event that you forecast the right direction, your income will be around 100% of the invested amount.

By using time frames any trader can open multi trade and can open a number of trade. 

Olymp Trade trading platforms

Olymp Trade brings user-friendly digital trading platforms for their clients. Which supported by all of the popular devices such as Desktop, Tab, iPhone, and Android. The app is available on Google play store, Apple Store, MacOS for Mac users and windows store for windows operating system users. Clients can trade easily on this platform, cause of its flexibility. The platform is easy to operate and supports automatic indicators.

Olymp Trade Accounts Types

There is no much more types of accounts offered by the Olymp Trade. Only two types of real trading account available: Standard and VIP accounts. Here is the detailed information about these accounts.

Olymp Trade Demo Account: The broker offers demo account for free and newbie traders like it undoubtly. After opening a new account Olymp Trade provides $10000 virtual coin. Interested people can simply join an account on the site. This account designed for new learners. A new learner can understand all of the live trading things using through the demo account.

Olymp Trade Standard Account: At the least, $ 10 or its money equivalent must enjoy these accounts. A trader and investor can trade (buy and sell) only $1, and the maximum trade limit is $2,000. The maximum profit of the investment will get 80 percent. There is no limit to maximum withdraw but the minimum withdrawal is only $10. Withdrawals may take typically 1 day, and It can take up to 3 working days. 

Olymp Trade VIP Accounts: This account for big investors, a trader or investors need $2000 to choose this account. The maximum set at $500 and the minimum set at $1. Apart from faster withdrawals, VIP users can depend on several perks. In the event that you join this account, you obtain the help of a VIP specialist and you get access to top financial analysts along with other trading tools. This account offers very faster funding (deposit and withdraw) from other account.
 

Countries and Availability

The broker doesn’t offer service in all countries and regions. But with this regulated broker (by IFC) more than 25,000 traders trading every day. And they doesn’t offer service in the UK, Japan, United States, Australia, Canada, EU, and Israel.

Available countries

• India
• Pakistan
• Middle East
• North Africa
• Latin America
• Southeast Asia

Supported languages

• English
• Vietnamese
• Portuguese
• Indonesian
• Malay
• Spanish
• Arabic
• Hindi
• Chinese
• Thai

Olymp Trade Deposits & Withdrawals

Olymp Trade has various deposits and withdrawal options. The broker accepting Deposit via Visa, Credit, and master card. They don’t allow wire transfers. Also, they have other E-wallet deposit and withdraw options these are Skrill, Neteller, Fastpay, and Webmoney. 

Olymp Trade Regulations

Everyone looks to try to join with a well-regulated broker. That which broker has got a license from trusted financial authorities. International Financial Commission (IFC) is one of the most powerful financial authority in the world. We can trust those broker who got the license from the international financial commissions. Olymp Trade successfully achieved a license from IFC. The broker got license from the IFC on 22 February 2016, anyone can view the certificate on the financialcommission.org.

Olymp Trade in Nigeria

The broker offers service for Nigerian peoples. Also if you from Africa regions you can take some extra facilities from the Olymp Trade.  To choose Olymp Trade from Nigeria or Africa regions you need a photo with ID or passport, and others document. After opening a new account you have to send all required document via email. The email address is [email protected]. To accept your account and complete the verification process, it can take up to 5 working days. 

Olymp Trade Educations and Training

Olymp Trade offers good education such as strategies, oscillator and webinars for their clients.

The broker offer two courses to learn binary options trading. A course for the beginners and the other one course is for the experienced traders. The course is completely free and very easy to understand. We see they are publishing regular video content to help traders to grow up their skills. Already the broker published a lot of videos, Text articles, trading indicators, and trading strategies on their education page. Olymp Trade arranging a lot of webinars for old and new traders. Traders can grow their trading skills by attending to these webinars.

Olymp Trade Customer support

Olymp Trade has various online and offline customer supports. Providing 24/7 customer support in 8 languages through various methods. Anyone can communicate through their E-mail and phones. There is a contact form available on their website, anyone asks them anything about their trading criteria, they will reply with a proper answer through the E-mail. Furthermore, there is a live online chatting option available on their website. Ask anything on the chat box, assistance will reply to your answer immediately.  Also, they are providing customer support from their office which is located in St. Vincent and the Grenadines.

Is OlympTrade safe and regulated?

OlympTrade is supervised by 1 authority. Our listing shows these licences:

Before you sign up, check which OlympTrade company will hold your account, because protection levels can differ between regions.

OlympTrade account types and trading conditions

These are the main trading conditions listed for OlympTrade. It offers Islamic, VIP accounts.

OlympTrade trading platforms

OlympTrade supports Proprietary.

Web and mobile trading

Web trading: Yes. Mobile trading: Yes. Markets available: Forex Currencies, Cryptocurrency, Commodities, Indices, Stocks, Bonds, Futures. The website is available in English, Indonesian, Malaysian, Portuguese, Russian, Spanish, Thai, Turkish, Vietnamese and more.

OlympTrade deposit and withdrawal methods

OlympTrade accepts these deposit methods:

• Bank
• Credit Card
• QIWI
• Neteller
• Skrill
• Webmoney

Withdrawals use the same methods as deposits.

Accounts can be held in USD, EUR, GBP. Choosing the currency you deposit in avoids conversion fees. Your account must be verified (ID and proof of address) before the first withdrawal.

OlympTrade bonus and promotions

These are the promotions listed for OlympTrade:

OlympTrade no deposit bonus: OlympTrade does not offer a no deposit bonus. See our up-to-date list of forex no deposit bonus offers. Every offer has volume and time conditions, so read the terms first.

OlympTrade pros and cons

How to open an OlympTrade account

1. RegisterClick "Visit Broker" and fill in your name, email, country and password.
2. Verify your profileUpload a passport or ID card and a recent utility bill or bank statement.
3. Choose an accountPick the account type, base currency and leverage that suit you.
4. Fund and claim the bonusDeposit from $10 and opt in to the promotion if your region qualifies.
5. Start tradingLog in to Proprietary. Practise first on a free demo account.

Open an OlympTrade account ↗

OlympTrade customer support and contact

These are the contact details we have on file for OlympTrade:

Final verdict: should you trade with OlympTrade?

OlympTrade scores 4.0 out of 5 in our review. Its strongest points are its Regulated by FinaCom licence, a very low $10 minimum deposit and tight spreads from 0.3 pips. Keep in mind: no no-deposit bonus; trading terms can differ by region and group entity.

If your main goal is a free no-deposit bonus, OlympTrade is not the right fit. Compare it with other options on our best forex brokers page before deciding.