Olymp Trade Review

Olymp Trade
Free Demo Account + Risk-Free Trades
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Overview

Olymp Trade, an award winning binary options broker has been in the industry since 2014 as a brand name of Smartex International Ltd., head quartered in Cyprus and St. Vincent and the Grenadines, with a min. deposit of only $10

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Broker Details

Broker Olymp Trade
Website URL www.olymptrade.com
Founded 2014
Headquarters Cyprus /St Vicent and the Grenadines
Support Number +66 (2) 026-03-56 ( Bangkok, Thailand ), +27 (21) 1003880 ( Cape Town, South Africa )
Support Types phone , email , Live chat
Languages English , Chinese , Russian , Thai , Bahasa Indonesia , Vietnamese , Portuguese , Spanish
Trading Platform Propietary
Minimum 1st Deposit $10
Minimum Account Size $10
Promotions Free Demo Account + Risk-Free Trades
Payout 90%
Free Demo Account Open Demo
Regulated Yes
Regulation International Financial Commission
Deposit Methods Credit Cards , ePayments , Fasapay , Neteller , PerfectMoney , QIWI , Skrill , Union Pay , Yandex money
Withdrawal Methods Credit Cards , ePayments , Fasapay , Neteller , PerfectMoney , QIWI , Skrill , Union Pay , Yandex money
Number of Assets 80
Type of Investments currencies, crypto, stocks, indices, commodities
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 4.9

Pros

  • Risk-Free Trades
  • Minimum Deposit of only $10
  • Max. 90% Payout
  • $10,000 Free Demo account
  • Free TrainingEducation : 18 Indicators, 7 strategies and 28 webinars 25% Deposit s
  • Regulated Broker
  • Quick withdrawals

Cons

  • Not bonus offered

Full Review

Last Olymp Trade review update: 11th June 2018

Olymp Trade review

Review of Olymp Trade : Overview

Finding a broker you can trust these days can be a daunting challenge, considering that the industry is completely flooded with wolves. Your success is pivoted on the integrity of the guys that give you their mandate of delivering quality quotes, and offering services without conflict of interest. I mean, there are a lot of brokers out there with ulterior motifs, who don’t deliver their promise, as well as a lot of dumb money out there as well, who have no idea of the terrain they’re in.

Standing out of the pack is Olymp Trade, an outstanding broker who will not have to stab her customers at the back in order to make a profit. This company is one of the few that is regulated and still keep to their words. I’ve had remarkable experience placing my call and put options on their platform, and the losses i incurred was not based on foul play from my broker, but based on a strategy i was following.

Olymp Trade, an award winning binary options broker has been in the industry since 2014 as a brand name of Smartex International Ltd., head quartered in Cyprus and St. Vincent and the Grenadines, with a min. deposit of only $10. Traders’ education and development is one of their major focal areas.

Trading Platform

The developers at Olymp Trade are continuously improving on the platform, deploying modern day technology, thereby  making trading more simple and easy for their clients. I’ve used different platforms in the industry, but I’ve found none as efficient as that of Olymp Trade. Their platform is available web based on their URL at olymptrade.com, and also as android and iOS application which can be downloaded from the Google Play and App Stores. The platform is designed in gray scale borders and a plain white background with the area chart as default shown below. All the bells and whistles are put in plain sight.

Once you select an asset for analysis, and conclude on the predicted direction, you can proceed by entering the expiration time, amount for the deal and the finally complete the transaction by clicking the up or down button for call or put options.

OlympTrade Platform

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Chart types and Time-frames

Default on the Olymp Trade platform is the area chart, but other than area chart, you can also view your price quotes as candle stick, and HeikenAshi charts. Time frames are presented in a drop down menu format for you to make your choice. The shortest time frame is 15seconds, while the highest is the monthly timeframe.

Indicators

Carrying out analysis is very convenient as Olymp Trade make available the popular indicators you might already be familiar with if you’ve been in this field for a while. Newbies should not panic as Olymp Trade has educational videos to bring you up to speed in the area of technical analysis with indicators.

Olym trade indicators

Lower Tab of Platform (No Opened Trades)

As you place new deals on your account via the Olymp Trade platform, your currently opened trades will be displayed on the lower tab of the platform. In the absence of no trade, you will only be able to view your closed trades. On the other hand, you’ll be able to view your opened trades on the lower tab, if you do have opened trades. The figure below shows examples of this.

No Opened Trades

Opened Trades

Technical Analysis 

This is one area where I rank Olymp Trade an A-list Broker! I mean they completely nailed this one. Clicking on a link beside the indicator tab launches you into a separate window that is dedicated to technical analysis. It was an awesome experience trying out the tools only available on this side of the platform; you should definitely try out their technical analysis section.

Assets Offered by Olymp Trade

Click on the plus symbol close to the opened asset tab to display the available assets offered by Olymp Trade broker. Here you have at your disposal freedom to choose from Traditional foreign currencies, Crypto assets, Exchange traded stocks, Indices and Commodities.

Olymp Trade - Assets to trade

I know you may be wondering what the percentages are beside each asset. Well, it’s the varied percentage payout. Pay attention to this in order not to get confused about your payout, because it varies based on the volatility of the assets.

Types of Accounts

An account with Olymp Trade at the demo account level gives you access to get familiar with the trading platform at zero cost and risk. Other accounts offered by Olymp Trade include the Regular and VIP accounts. For a clearer view on the privileges attached to both regular and VIP accounts, I have attached an image below to give you a better comparison.

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Minimum deposit and Bonuses offered

At the moment this review is written, there are no bonuses currently offered by Olymp Trade. I’ll want to think this is based on their low minimum deposit. Olymp Trade, clients can trade with a deposit as low as $10, as well as enter a deal with as little as $1 for your chosen asset prediction. VIP account holders are offered preferential bonuses, risk-free trades, contests and special offers.

Payout

This varies on the basis of asset volatility, and can be easily accessed via the asset tab as shown under the asset sub-heading. The brokers allowable maximum percentage payout also varies based on the account type you subscribed to. This includes 80% and 90% for regular and VIP accounts respectively.

Deposit and withdrawal options

Upon verification of your accounts, clients will enjoy seamless deposit and withdrawal process via the available payment systems on the Olymp trade broker. The payment systems and wallets include Master card, VISA, Maestro, Qiwi wallet, Neteller, Yandex Money, Fasapay, Webmoney, and Skrill

Customer Support

Olymp Trade boast of an effective and efficeint customer support, available for clients to chat with24 hours a day, 7 days a week night or day, available in 8 languages with a response time of approximately 15 seconds. Now that is some efficient, customer centric broker.

On the platform, it may interest you to know that they have provided a notification icon for accessing support, andsome other useful trading utilities. Do take advantage of these tools, I found them really useful.

Olymp Trade Review: Summary

Trust me, I have used several brokers and none is focused on customer growth and success like Olymp Trade. The huge followership on social media can testify to this. I will definitely recommend their traders club where thousands of traders share ideas and experiences online. They also provide smart trading education via YouTube videos and articles. 

I’ve so far had no regrets subscribing to the services of Olymp Trade. It’s been a wonderful experience and I’m definitely looking forward to meeting you on the traders club sometime.

James Martin

I'm based in London ( England, UK )
I've been a professional trader for over 5 years.
Currently I work as forex analyst for different investment companies.
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