Olymp Trade Review
Overview
Olymp Trade, an award winning online trading platform has been in the industry since 2014 as a brand name of Inlustris Ltd.., head quartered in St. Vincent and the Grenadines, with a min. deposit of only $10
Read Full ReviewBroker Details
| Broker | Olymp Trade |
|---|---|
| Website URL | www.olymptrade.com |
| Founded | 2014 |
| Headquarters | 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 | Metatrader4 / Propietary |
| Minimum 1st Deposit | $10 |
| Minimum Account Size | $10 |
| Promotions | Free Demo Account + Risk-Free Trades |
| Payout | 90% |
| Free Demo Account | Open Demo |
| Regulated |
 |
| Regulation | Certified by International Financial Commission |
| Fees |
|
| Fee Info | Brokerage fees |
| Account Types | Demo Account , Standard , VIP account |
| 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 |  |
| Mobile Trading |
|
| Tablet Trading |
|
| 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
- Certified Platform
- Quick withdrawals
Cons
- Not bonus offered
Full Review
Last Olymp Trade review update: 10th September 2020
Review of Olymp Trade Option: Overview
Contents
What is OlympTrade?
Olymp Trade, an award-winning trading platform has been in the industry since 2014 as a brand name of Inlustris Ltd., headquartered in James Street, Kingstown, Saint Vincent and the Grenadines., with a min. deposit of only $10. Traders’ education and development are one of their major focal areas.
Finding a trading platform 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 a 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 online trading platform 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 trades on their platform, and the losses I incurred were not based on foul play from my broker but based on a strategy I was following.
Trading Platform: Fixed time Trades
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 based on Metatrader4 and it’s 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 grey scale borders and a plain white background with the area chart as the default is 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, the amount for the deal and finally complete the transaction by clicking the up or down button for call or put fixed time trades.
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 a candlestick, and Heiken Ashi 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 in 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.
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 Platform! 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 online trading 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. Here you have at your disposal freedom to choose from Traditional foreign currencies, Crypto assets, Exchange traded stocks, Indices and Commodities.
I know you may be wondering what the percentages are beside each asset. Well, it’s the varied percentage of 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 Standard and VIP accounts. For a clearer view of the privileges attached to both standard and VIP accounts, I have attached an image below to give you a better comparison.
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 broker’s 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 options and wallets include Master card, VISA, Maestro, Qiwi wallet, Neteller, Yandex Money, Fasapay, Webmoney, and Skrill
Customer Support
Olymp Trade boasts of effective and efficient customer support, available for clients to chat with24 hours a day, 7 days a weeknight 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 and some 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 trading platforms 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 at the traders club sometime.
I've been a professional trader for over 5 years.
Currently I work as forex analyst for different investment companies.
- EURUSDWeekly outlook – 7th January 2022 - January 7, 2022
- BTCUSD – Weekly outlook for Bitcoin Price – 23rd December 2021 - December 24, 2021
- USDSGDWeekly outlook for Singapore Dollar – 17th Dec 2021 - December 17, 2021
