What is OlympTrade?
OlympTrade is a forex and CFD broker based in St. Vincent & the Grenadines, listed with a foundation year of 2014. It offers leverage up to 1:400, spreads from 0.3 pips and a minimum deposit of $10. Clients trade on Proprietary and on mobile.
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 kyc@olymptrade.com. 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 regulated by Regulated by FinaCom. This is an offshore regulator. It sets capital and reporting rules, but its investor protection is lighter than tier-1 regulators such as the FCA (UK), CySEC (Cyprus) or ASIC (Australia), and there is usually no investor compensation scheme.
Safety checklist before you deposit
- Find the licence number on the broker's website and check it on the regulator's official register.
- Check that client funds are held in segregated bank accounts.
- Make a small first deposit and test a withdrawal before you add more.
- Confirm negative balance protection applies to your account type.
OlympTrade account types
The broker offers several account options so beginners and experienced traders can choose the right fit. Accounts open from a $10 minimum deposit.
| Account | Best for | Available |
|---|---|---|
| Mini account | Beginners trading small lot sizes | No |
| VIP account | High-volume traders wanting raw spreads | Yes |
| Islamic (swap-free) | Traders who need no overnight interest | Yes |
| Managed account | Investors who prefer a money manager | No |
Trading platform and conditions
OlympTrade provides Proprietary, so you can trade from any browser without installing software. Mobile trading is supported as well.
- Scalping and hedging are permitted, which suits short-term and EA-style strategies.
- News trading is allowed during high-impact economic releases.
- Spreads from 0.3 pips are available on raw pricing, with a commission per lot.
- Leverage up to 1:400 gives large position sizes from a small deposit, which also raises the risk of fast losses.
Deposits and withdrawals
OlympTrade supports 6 funding methods, including Bank, Credit Card, QIWI, Neteller, Skrill, Webmoney and More. Accounts can be held in 3 base currencies (USD, EUR, GBP and More), which helps you avoid conversion fees.
OlympTrade bonus: Yes
How the promotion works
The current OlympTrade promotion is Yes. Entry rules, dates and eligible countries are set by the broker. Read the full terms on the OlympTrade website before you trade for it.
Check the promotionLooking for free trading credit instead? Compare the latest forex no deposit bonus offers and forex deposit bonuses.
OlympTrade pros and cons
Pros
- Raw spreads from 0.3 pips
- Scalping and hedging allowed
- News trading allowed
- Islamic and VIP accounts
- 6 deposit methods
- Low minimum deposit of $10
Cons
- Only offshore regulation
- No investor compensation scheme
- Proprietary only in our listing, no MT4/MT5 confirmed
How to open an OlympTrade account
- RegisterVisit the OlympTrade website and sign up with your name, email and phone number.
- Verify your identityUpload a passport or national ID and a recent proof of address (KYC).
- Choose an accountPick Islamic, VIP or a standard account, and your base currency.
- Fund the accountDeposit at least $10 with Bank, Credit Card, QIWI or another method.
- Start tradingLog in to Proprietary or the mobile app and set your risk per trade.
Is OlympTrade a good broker? Our verdict
OlympTrade suits active traders who want raw spreads, freedom to scalp or trade the news, plus a wide choice of payment methods. The main trade-off is regulation: an offshore licence gives less protection than a tier-1 regulator. Start small, test a withdrawal, and only trade money you can afford to lose.