Olymp Trade

Total reviews 441
2 complaints
4.0
Olymp Trade uses a reliable in-house developed web-terminal, professional technical support and interactive training.
Binary Options Broker
Official website
Social network
Date of foundation
2013
Head Office
James Street, Kingstown, First Floor, First St Vincent Bank Ltd Building, Saint Vincent and the Grenadines
Company owner
Saledo Global LLC
Types of support
[email protected]Feedback form on the siteChatTelegramVkontakte
Phone Support
Languages
English, Spanish, Portuguese, Thai, et al.
Terminals
Author's platform
Liquidity providers
Currenex, Hotspot and CFH, Bloomberg, Gain GTX, Fastmatch
Min. first deposit
From 10 USD
Min. rate
From 1 USD
Brokerage commission
Yes
Bonuses
100 %Receive
Deposit Bonus
Payments
Until 90 %
Free demo account
Types of options
Fixed time trades
Adjustable
Yes
Regulators
Finacom
Types of accounts
Methods of replenishment
FasaPay, Neteller, Skrill, Webmoney, Bank card (Visa/MC), Yumoney
Withdrawal methods
FasaPay, Neteller, Skrill, Webmoney, Bank card (Visa/MC), Yumoney
Number of assets
60+
Types of assets
Currency pairs36 currency pairs
CryptocurrencyBitcoin, Ethereum, Litecoin, Bitcoin Cash, Bitcoin Gold, Ripple, Monero, Dash, Zcash, Ethereum Classic
Stocks13 shares of the largest companies in the world
Indexes10 stock indices
Products6 assets of the commodities sector
Number of indicators
28
Account Currencies
EUR, USD
Expiration
From 60 seconds to 3 hours
Mobile apps
There are mobile apps (iOS / Android)
Weekend trading
Yes
Tournaments/competitions
No
Trader training
Strategies and webinars
Affiliate Program
RegistrationRevShare payments of 50 to 60% per client
Advantages
Reliability and safety
Advantageous trading conditions
Affiliate Program
Available minimum deposit
Training and analytics
Disadvantages
Delayed withdrawal of earnings
Date of update
December 16, 2024
Overall assessment
8.8/10
    Address
    James Street, Kingstown, First Floor, First St Vincent Bank Ltd Building, Saint Vincent and the Grenadines

    Is Olymp Trade a Scam? Complete Review and Real Customer Feedback

    Published: 12 October 2015 Updated: 16 December 2024

    The international online trading platform, Olymp Trade, entered the Fixed Time Trades market at the end of 2013. The platform’s customer care supports all 10 provided languages. The Olymp Trade website was launched in the first half of September 2014. Currently, the number of OlympTrade clients is steadily increasing, thanks to the company’s provision of affordable trading conditions, services, and modern software. It is anticipated that the user base will continue to grow. For traders’ convenience, in addition to the online chat for inquiries, there is a single phone number available for quick communication with a broker. The company places special emphasis on maintaining contact with the end user.

    Terms of Trade with Olymp Trade

    Olymp Trade has a license with FinaCom PLC. The 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 Fixed Time Trades trading starts from 1 dollar. This is a great opportunity for beginners who want to learn about how to earn on the Fixed Time Trades.

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

    You can easily open an account on OlympTrade. Just share your data on the homepage of the investment platform. Unlike other similar platforms, OlympTrade lets its customers check out live trading with a demo account. After the registration, you get a demo profile with a virtual account of $10000 (if you have 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 Fixed Time Trades are not just an investment to some assets, the market may become the main primary source of revenue, bring you a 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 Fixed Time Trades. Olymp Trade will be your real assistant here. There are quality reviews of indicators available on its official website, trading strategies, and a wide range of webinars.

    The Fixed Time Trades will be simple and available Fixed Time Trades 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, and complete professional trading training, which may be both, free and commercial. The company also constantly runs tournaments, free and commercial, VIP-tournaments, which let you earn real cash and withdraw it (read the feedback about OlympTrade Fixed Time Trades after the platform review).

    OlympTrade Platform

    OlympTrade is happy to offer to its stock jobbers the whole range of Fixed Time Trades for full-pledged trading. This company is one of the most effective trading platforms among the other similar ones offering investments to Fixed Time Trades 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 in trading, which cares about 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 out 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 easily. The developers created a smoothly running trading platform operating with no faults, where the further necessary Fixed Time Trades can be added easily depending 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 the Olymp Trade account, 2 types of transactions with Fixed Time Trades may be completed: for the 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. There is no spread (or the difference between purchase and sell prices), but commission by transaction completion and for the position transfer on the next day.

    The functional platforms will surprise you with the 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 online references about it are different but mostly positive, among the advantages the users point to the terminal, rapid transactions, and professional managers of the support. All this proves its commitment to the service. Traders choose OlympTrade – a young but ambitious company.

    The trading terminal of OlympTrade is 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 from 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 affect the trading efficiency, and 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 of the Internet connection 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 Fixed Time Trades of the company is a chance to try to 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, and 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 offered by OlympTrade enhances the profitability of trading on the platform. Continuous positive feedback from customers highlights the benefits of training through demo trading. It’s important not to overlook this tool, as it prepares you for future trading success.

    The online platform of OlympTrade provides a free demo account for anybody who wants to. All you need is to sign up and get full access to the trading platform with a balance of 10,000 virtual dollars afterward. After demo training, you can work with the real deposit masterfully. The minimum deposit is equal to 10$ (10 euro). The stake in Fixed Time Trades of OlympTrade starts from 1 dollar and euro as applicable. This is a perfect chance for novice traders longing to cash in on Fixed Time Trades. 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 Fixed Time Trades.

    OlympTrade VIP Account Manager

    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 with 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 maximum profit percentages, represented by two assets at 92%.
    • Risk-free transactions;
    • Exclusive VIP webinars.

    OlympTrade VIP accountFor 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 to a customer since he will help him to get answers to any questions, advice on 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 Fixed Time Trades 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 Fixed Time Trades we need to execute comfortable and functional trading on your phone.

    To install the mobile platform on your device, locate the button corresponding to the operating system of your smartphone and press it to initiate the terminal download.

    Olymp Trade Bonuses

    The bonuses offered by OlympTrade are a valuable addition to the overall trading experience. 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. In contrast to many other Fixed Time Trades brokers, which often impose high trading turnover requirements of 50 times or more, OlympTrade’s approach is more beginner-friendly, particularly for those with limited experience and smaller deposits.

    OlympTrade has developed an extensive array of training materials accessible under the “Training” tab. These include references, strategies, indicator reviews, and webinars featuring practical advice from market professionals. More than 90 thousand new users have already benefited from the free course provided by the platform for trading in financial markets. Additionally, OlympTrade offers a variety of bonus programs to further enhance the trading experience for its users.

    Bonus 100%
    Refill your real account within an hour after the registration and get + 100% of the sum of the deposit lodged.

    Deposits and Withdrawal

    The proposed withdrawal at OlympTrade is commission-free: the company covers all withdrawal fees, ensuring that clients can withdraw their funds without any additional charges. 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 their deposit (for their data security). The availability or lack of the completed verification procedure doesn’t affect the withdrawal, so you can take your money off the deposit even with no account verified. However, the trader can be verified on his initiative or by 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 done as soon as possible. In order to withdraw the funds a trader shall sign in to a personal account, and request under the tab «withdraw».

    You can find many comments on OlympTrade online: if they withdraw the money, how quickly does it happen, and what issues come up by withdrawal. After a close look at the comments of the company customers, we answer positively: the company organized its withdrawal process well enough, and the users say that the funds hit the account quickly and without any problems.

    The execution speed of transactions by OlympTrade is generally swift. Comments on withdrawals often indicate that transactions are processed within 24 hours, although occasionally they may take longer, up to five banking days. However, the company asserts on its platform that it strives to expedite the profit withdrawal process. It’s worth noting that OlympTrade is recognized as one of the leading companies in the market, emphasizing long-lasting relationships with traders and prioritizing both comfort and profitability in trading experiences.

    Complaints against OlympTrade

    After conducting online searches for complaints, we came across a few negative reviews. However, these complaints were relatively insignificant in terms of the issues encountered by the broker clients.

    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., and has a certificate of A category, which 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 transaction completion quality under the procedure approved by the independent service Verify My Trade, you can also read about it on the FinaCom website.

    However, traders are often confused by the fact of the company registration in an 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 to 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 – the International Financial Commission. This financial body deals with the matters of traders quickly securing the protection of their transactions.

    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, in the above-mentioned paragraph, no protest may be filed, as in the next clause the customer agrees, that he will not put in claims the legal arguments venue, despite their uncomfortable feeling.

    In the paragraph «Proper law» there is a clause about the complaints of the customer

    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. This means a customer, who runs up losses through no fault of his, is left alone with this problem. The same relates to losses caused by the use of the broker’s analytical materials.

    The company doesn’t bear the responsibility for the technical failures

    There was another condition proving that the company could change their 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 online forums is whether OlympTrade is a fraudulent and deceptive platform or a reliable one that fulfills its obligations to users and provides opportunities to profit. There are a lot of scam sites on the Internet, we get complaints from traders on such companies on a regular basis, they use various ways to beguile traders: managers stop being in touch right after the real money transfer, and 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 customers. 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 due to the exit of a major broker IQ Option from the markets of some countries. This platform runs too active advertising campaigns, including those on Youtube. After this broker exited the market, the majority of its customers had to switch to the OlympTrading platform. «Would-be advertisers» promoting IQ Option capacities on the 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 brokers appeared on YouTube. Extremely popular the video clips of «Trader-rapper», «Trader from Rublyovka» and even of a girl in lingerie, hot upon a topic of OlympTrade she fabulously gains with. Such «professionals» advised the market players of «safe strategies», unique techniques allegedly securing incredible incomes from investments. Interestingly, traders trusted them. But you’d better be careful using anecdotal evidence, as there may be an inexperienced trader or even a teenager addressing 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 capital loss.

    There are many negative references about the broker appearing online recently. Everyone wonders what is OlympTrade – a scam or a company to trust. Users complain about offering incorrect quotations in the terminal, not letting their money 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 negative feedback about OlympTrade: it’s the broker who leaked their deposit, or 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 Fixed Time Trades to work with, the trading on its platform is pretty much gain. This international platform for online trading is fairly profitable.

    Trading becomes significantly better and more effective when all the necessary tools for professional trading are available. Olymp Trade offers an easy interactive learning format, a minimum deposit of only 10 dollars, an independently developed trading platform, excellent customer support, the ability to trade 24/5 (cryptocurrency trading on weekends), and fast withdrawals without any issues. These features make Olymp Trade a strong contender for the title of one of the best 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 Fixed Time Trades. 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 the trading platform has the potential to develop into one of the leading brokers in the 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.
    Convenience of trading
    81%
    Withdrawal speed
    80%
    Percentage of payments
    79%
    Support Service
    78%
    4.0

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