OlympTrade
OlympTrade Broker Overview
Here is every key fact about OlympTrade in one table — regulation, contact details, deposit rules, leverage, spreads, platforms and account features.
| Feature | OlympTrade |
|---|---|
| Broker name | OlympTrade |
| Foundation year | 2014 |
| Headquarters | First Floor, First St. Vincent Bank Ltd Building, P. O Box 1574, James Street, Kingstown, St. Vincent & the Grenadines |
| Country | St. Vincent & the Grenadines |
| Telephone | +357 25 030996 |
| Email / Skype | support-en@olymptrade.com |
| Regulated by | Regulated by FinaCom |
| Type of broker | STP/ECN |
| Min. deposit | $10 |
| Max leverage | 1:400 |
| Min. spreads | 0.3 Pips |
| Funding methods | Bank, Credit Card, QIWI, Neteller, Skrill, Webmoney |
| Withdrawal methods | Bank, Credit Card, QIWI, Neteller, Skrill, Webmoney |
| Base currencies | USD, EUR, GBP and More |
| Languages | English, Indonesian, Malaysian, Portuguese, Russian, Spanish, Thai, Turkish, Vietnamese and More |
| Trading platforms | Proprietary |
| Tradable instruments | Forex Currencies, Cryptocurrency, Commodities, Indices, Stocks, Bonds, Futures |
| Web trading | ✓ Yes |
| Mobile trading | ✓ Yes |
| News trading | ✓ Yes |
| Hedging & scalping | ✓ Yes |
| Free demo account | ✓ Yes |
| Mini accounts | ✗ No |
| VIP accounts | ✓ Yes |
| Managed accounts | ✗ No |
| Segregated accounts | ✗ No |
| Islamic accounts | ✓ Yes |
| Swap free accounts | ✓ Yes |
| No deposit bonus | ✗ No |
| Promotion | 100% Deposit bonus |
In simple words: traders get Proprietary, spreads from 0.3 Pips, leverage up to 1:400 and a $10 minimum deposit. New clients can also check the current 100% Deposit bonus. Tradable markets include Forex Currencies, Cryptocurrency, Commodities, Indices, Stocks, Bonds, Futures.
Is OlympTrade Safe? Regulation and Company Details
OlympTrade is a regulated broker. Regulated by FinaCom.
Regulation
Regulated by FinaCom
Head office
First Floor, First St. Vincent Bank Ltd Building, P. O Box 1574, James Street, Kingstown, St. Vincent & the Grenadines (St. Vincent & the Grenadines)
Client funds
The broker does not list segregated client accounts.
Track record
In business since 2014. Support is reachable by phone and email.
Tip: Always check the licence number on the regulator's own website. Offshore regulators do not offer the investor compensation schemes or leverage caps of top-tier regulators such as the FCA or CySEC, which is why leverage here can reach 1:400.
OlympTrade Trading Conditions
Spreads and commissions
OlympTrade spreads start from 0.3 Pips. Raw-spread style accounts usually charge a small commission per lot, while commission-free accounts have wider spreads. If you trade often or scalp, the raw option is usually cheaper.
Leverage
Maximum leverage reaches 1:400, depending on the account type and the instrument you trade. High leverage lets you open bigger positions with less margin, but losses grow just as fast.
Trading platforms
Proprietary
Desktop platform
Trading styles allowed
Hedging, scalping and news trading are allowed — good news for short-term traders. Web and mobile trading are available.
OlympTrade Account Types
OlympTrade offers several account options so both beginners and experienced traders can find a fit. Live accounts start from a $10 deposit.
Free demo account
Practise with virtual money and test strategies risk-free.
VIP accounts
Tighter pricing and priority service for larger balances.
Islamic / swap-free
No overnight swap charges, in line with Sharia principles.
You can open accounts in these base currencies: USD, EUR, GBP and More. Choosing the currency you spend in helps you avoid conversion fees.
Deposits and Withdrawals at OlympTrade
OlympTrade supports the same methods for funding and withdrawals. Withdrawals normally go back to the method you used to deposit.
E-wallets are usually the fastest. Bank wires take longer and your bank may charge a fee. Finish identity verification (KYC) early so your first withdrawal is not delayed.
OlympTrade Bonus and Promotions
Bonuses are a big reason traders search for OlympTrade. Availability depends on your country and the account type.
- 100% Deposit bonus — the current promotion for OlympTrade clients. Check the volume rules before you claim it.
- Yes — welcome offer for new accounts.
How bonus credit really works
- Bonus credit is used as margin; it usually cannot be withdrawn directly.
- Profits made with the bonus are yours, but a minimum trading volume often applies first.
- Withdrawing money early can remove part or all of the bonus.
- Bonuses are not offered in every country or on every account type.
Bonus terms change often. Always read the latest rules on the official OlympTrade website before accepting any offer.
OlympTrade Pros and Cons
Pros
- Regulated by FinaCom
- 100% Deposit bonus
- Low $10 minimum deposit
- Spreads from 0.3 Pips, STP/ECN execution
- Proprietary
- Hedging and scalping allowed
- Islamic and VIP accounts
Cons
- No managed accounts
- No segregated client accounts
- No no-deposit bonus
- Bonus comes with trading-volume rules
How to Open an OlympTrade Account
- RegisterFill in your name, email, country and phone number on the OlympTrade sign-up page.
- Verify your identityUpload a photo ID and a proof of address (utility bill or bank statement).
- Choose an accountPick the account type, base currency, leverage and platform (Proprietary).
- Fund and tradeDeposit from $10 with your preferred method, claim any eligible bonus, then log in and start trading.
About OlympTrade
This OlympTrade review covers regulation, fees, platforms and bonuses.
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.
Official website: OlympTrade
Risk warning: Leveraged products such as forex and CFDs may not suit all investors and carry a high risk to your capital. Make sure you understand the risks, consider your goals and experience, and seek independent advice if needed.
Final Verdict: Should You Choose OlympTrade?
OlympTrade offers a $10 entry cost, Proprietary platforms and a track record since 2014.
OlympTrade suits traders who understand the risks of leveraged CFD trading. Start small, test a withdrawal early and use sensible leverage.
