Olymp Trade Review, Forex Broker&Trading Markets, Legit or a Scam-WikiFX Score:1 42


We, here at Olymp Trade, strive to provide the finest trading conditions for users. We understand that we need to be excellent in our job so that our clients can focus on their trading journey. We focus on every feature to make sure that they are useful.

This platform is unique from other platforms and they offer a wide range of assets for its users. Olymp Trade customers can open Forex positions in a demo mode – the account is free and has 10,000 rechargeable demo units on the balance. Experienced traders have an option to be upgraded to VIP status with 2,000 USD/EUR deposit, and get access to exclusive strategies, a personal account manager, and some other perks. Other trading terms include a competitively-sized and transparent commission for opening a position and a swap fee. The trader has no extra costs when depositing or withdrawing money – as these will be borne by Olymp Trade.

User friendly

We believe that with a proper broker, a well-made design is critical. That is why we always listen to users’ feedback for improvement. First of all, trading process is based on customized broker’s platform. Platform is customized to fit trading preferences of Olymp Trade’s customers.

We understand that new traders need time and a place to practice their trading skills. That is the reason why we would like to support new traders with everything we can. This company is a scam, once you deposit money and traded they will ask for “10% commision” when you want to withdraw money, I put in 10,000usd and they wanted to deduct 1000usd. Not recomend app to use also, since they remove stock trade.


These professionals are supposed to develop a trading plan for their customers and even provide them with trading signals. In the first place, Olymp Trade is infamous for having produced a robot that disappointed traders. That robot is no longer used by investors in the binary options niche, although some ignorant traders still use Olymp Trade broker to conduct their trading activities. Olymp Trade offers ‘risk-free’ trades, which give traders the opportunity to reclaim their trade amount if the trade does not turn out to be profitable. If you activate a risk-free trade that goes against you, Olymp Trade returns the trade amount to your account.

User Reviews

https://forexhero.info/ claims that it offers 24/7 customer support, and they can be reached through telephone, email as well as live chat. Olymp Trade, this offshore broker ruined all my expectation of forex trading. When I told them I wanted to withdraw my funds, they treated my very rudely! Although a long time has passed since the launch of MT4, it is still a major player in the market and is loved by traders all over the world.

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It gets trading signals from a wide range of assets like stocks, forex, commodities, and indices. They can be downloaded from the Google play store and Apple app store for those traders who would like to trade by using a mobile rather than browser trading. Olymp Trade presents proprietary website and a mobile app for Android and IOS.

Is it possible to trade forex market at weekends?

This company has a reputation as a broker for beginners. I don’t know why people have created such an image for this company. In my opinion, this broker caters to both professional traders and newbies. Beginners appreciate a small initial deposit of ten bucks, while professionals can benefit from the possibility to trade with multipliers and fixed amounts.

That’s when it occurred to him that Olymp Trade is a scam broker. Most brokers do not admit when they have re-quotes and delayed order executions. This is because most of them conduct bucket-shop operations on the internet. They always make it harder for you to win trades.

frequently asked questions

Traders may choose to open positions for a predefined time duration. Using a free demo account, for practice, it is possible to open a $1,000 sell position for Bitcoin for a duration of 1 min. I switched to Olymp Trade because of the convenient platform. After working on a demo account for a couple of weeks, I switch to the real one.

I really don’t know what can be the problem, I never had a single problem with depositing with visa card. Hello, just deposit in your currency and the broker will make an exchange, that’s it. Check your bank information about exchange rates to see what’s the conversion fee. Hi Michael – yes, you need to verify your identity before you can withdraw your money. It has to be done in order to protect withdrawing money to another person’s account.

As the name suggests, VIP accounts provide exclusive features that are not offered by regular accounts. If the user wants to go for the VIP account, the main thing is they should maintain a minimum amount of $20000. As per our Olymp Trade wonderful review, the platform is of high quality, has a great user-friendly and simple user interface. This helps users to auto trade anytime and from anywhere. The platform can be accessed on both mobile and desktop; Expert traders can also access MetaTrader 4, which is supported by this broker. Our priority is customer service and we are ecstatic that we met that mark!

Banking and Withdrawal Options

The first step would be to register on the olymp trade review and they are offered a demo mode with $10,000 virtual cash. The traders can use a demo mode to practice trading and to familiarize themselves with the platform by using virtual cash. This helps them to reduce the level of risk of losing money.

Olymp Trade Review: Is Olymp Trade Trading Platform Safe or Scam? – Outlook India

Olymp Trade Review: Is Olymp Trade Trading Platform Safe or Scam?.

Posted: Sat, 24 Sep 2022 07:00:00 GMT [source]

Being a part of the Financial Commission gives traders a level of reliability as traders deposits may be refunded up to $20,000 in the event of fraud by the company. Achieving this designation and being a member of the International Financial Commission demonstrates a high level of quality and service. The asset listing may perhaps seem small to some traders when compared to other brokers that offer thousands of trading instruments.

Traders have the option of using a tool called Sell to close trades early and claim a refund before they expire. 1-Click trade – Also referred to as Up Down Trades, they allow traders to open trades without confirmation – just click&trade. “Easy to use platform ,basic education requirement I never thought earning can be possible this easy made 1000 bucks in one time worth try . A lot of traders communities, so you can share info or even ask other traders for something.

We use dedicated people and clever technology to safeguard our platform. But when I finally handled it, I started to notice some small advantages this broker has over my previous ones. Like the absence of spreads and low commissions, or adjustable leverage.

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In case if they have used a deposit on a credit or debit card, they should also send a scanned copy of the photo of the card from where the payment is made. We are letting you know that we have sent a request to update your content by removing promotional content. The link you have attached is potentially harmful to visitors. Kindly take measures, otherwise, we will have to flag your review for removal. By submitting your review you agree to the REVIEWS.io terms & conditions.

The Trustpilot Experience

OT began in 2014 but now has over 200,000 clients on their platform monthly. OT has no hidden fees or commissions, and no fees on deposits and withdrawals. We would like to provide an environment that includes any tool traders need for their strategy. That is why we pay extra effort into indicators, charts, assets,… We are more than happy that our effort met your expectation. At the same time, trading of any kind is risky, and we suggest that you understand the basics before plunging into it.

  • This broker ensures traders are ready to put their money down before they do so by giving them a lot of resources and trading lessons.
  • A photo where you hold your passport/ID card in expanded form and where they can see your face and the details in the passport/ID.
  • I would always look for a trading broker that is regulated by at least one top-tier regulator.
  • Instead of the usual perks, Olymp Trade provides low investments and starting trade.
  • In addition to training, the organization has a staff of analysts who give customers new ways to trade.

I can say that olymp trade materials are well-rounded ones, and essentially it will be enough in the beginning. It will definitely help you to make a simple trading strategy. The more competent you will become the more you will explore some sophisticated trading theories. Answering your question I would say be prepared that trading requires lots of self-discipline and learning, it’s not a walk in the park. Seeing that you had a 5-Star experience is the best thing we could hope for! Thank you for choosing the Olymp Trade platform.

  • I receive them every day and try to keep them in mind all the time.
  • According to Olymp Trade reviews, their clients are offered $20,000 from the compensation fund if they found the complaint raised by them are valid.
  • After registration and practicing with the demo account, the traders can proceed with adding funds to their account that offer different types of options.
  • If people carefully follow the tactics they are taught, they can earn up to 90% of their initial deposit and fast repay their investment in a week.

Yea, Olymp did everything to educate you and make you understand how it is, to be a trader even before you risk money. On the demo you can test strategies, study the dynamics and behavior of indicators. But with the demo, you can never feel the rhythm of trading due to perception. The demo is like a computer game, you do not perceive 10,000 dollars as real money and are ready to spend it. The rhythm of trading is not only trends and market behavior, but also your perception.