Reviews

Olymp Trade Review 2019: Is It A Legit Trading & Investment Platform?

Written by Finnich Vessal

About Olymp Trade

olymp trade reviews

Olymp Trade is a universal online trading platform where you can trade currency pairs, commodities, stock indices, companies’ shares, and cryptocurrencies.

At the very beginning, the company focused on customers from CIS countries. Since then, the company’s user base has significantly expanded. Now, the platform is actively used by traders from Southeast Asia (Indonesia, Malaysia, Vietnam, Thailand), Latin America (Argentina, Brazil), India, Pakistan, and Arab countries.

The company has repeatedly won various awards for the high level of quality of service since 2014 when it was founded.

  • 2016

“The fastest-growing broker” ShowFx World 2016

“The best broker” KROUFR Awards

“The best platform for trading” Le Fonti 2016

 

  • 2017

“The best financial broker” CPA Life Awards 2017

“The best broker” Forex Expo 2017

“Innovative broker” IAFT Awards 2017

 

  • 2018 

“The best trading platform” Le Fonti 2018

 

The advantages of Olymp Trade

There are several major benefits that make the Olymp Trade platform so popular.

 

Safety and reliability

Olymp Trade is a category A member of the Financial Commission (FinaCom). FinaCom is an independent international organization that provides and guarantees the protection of traders’ rights. In case there is an unfair practice by Olymp Trade, the Commission protects the trader by its Compensation Fund for up to €20,000 per case.

Olymp trade review

The quality of trade execution on the Olymp Trade platform is certified by an independent system Verify My Trade. An audit of 5,000 customers’ trades found that 64% of the trades had been made at the best prices. It should be noted that the official report of Olymp Trade recorded the fact that no trades were rated as “acceptable” and “below average.”

An independent study of Verify My Trade shows the quality of the execution a broker is providing. This helps traders economize on fees, as well as improve their final trading result.

Olym Trade coupon codes

Olymp Trade is a vivid example of the company’s fulfillment of obligations to customers.

Democratic financial conditions

  • The minimum deposit to start trading is only $ 10 / € 10 / $ 350 / $ 20R$.
  • The minimum order size for any asset is $ 1 / € 1 / 30₽ / 2R$.
  • The minimum withdrawal amount is $ 10 / € 10 / $ 350 / $ 20R

At the same time, Olymp Trade does not charge extra fees for transferring funds to the client.

Training account

After registration, each user can start trading on a demo account with a balance of 10,000 demo units. This simulator precisely simulates trade execution and helps the client prepare for trading with real money.

If the account balance is less than 5000 units, it can be restored to the initial 10 thousand an unlimited number of times.

review for Olymp Trade

Learning for free

The team of professionals has been creating comprehensible and interesting learning content for 4 years. Almost every day Olymp Trade analysts hold theoretical and practical webinars on how trading strategies and methods of technical and fundamental analysis work.

Olymp Trade platform

 

 

 

{Updated 2019} Review of the Olymp Trade Platform 

The list of advantages is not exhaustive, so we offer you a detailed description of the functionality of the trading platform.

Platform versions

Olymp Trade is a product created by a team of experienced developers who are constantly improving the platform. Any interface and service decisions are based on the financial analysts’ recommendations and user preferences.

Now, the trading platform is presented in three versions:

  1. A browser one, without the need to download additional software: https://olymptrade.com
  2. A desktop application for Windows and macOS, which is completely identical to the browser version, but has some additional features: https://olymptrade.com/download
  3. Mobile applications for Android and iOS devices:

https://play.google.com/store/apps/details?id=com.ticno.olymptrade

https://itunes.apple.com/ru/app/olymp-trade/id1053416106?mt=8

The Olymp Trade platform is fully localized to the following languages: Russian, English, Thai, Indonesian, Portuguese, Spanish, Turkish, Vietnamese, Chinese, Arabic, Hindi, and Malay.

The versatility of the platform is based on the possibility of using various chart settings and well-known systems of analysis as well as editing the list of assets.

A trading assistant is a unique feature of Olymp Trade. This is a special real-time chatbot that explains how different tools work.

 

User functions

Two-color schemes are available: a light one and a black one

Several types of charts: a line chart, a bar chart, Japanese candlesticks, heikin-ashi.

Olymp Trade investment

Indicators for technical analysis: SMA, EMA, WMA, Parabolic SAR, MACD, RSI, Stochastic, DeMarker, Bulls Power, Bears Power, Williams %R, Bollinger Bands, Ichimoku Cloud, Sentiment, Alligator, Aroon, Zig Zag, CCI, Momentum, Rate Of Change, Gator, Awesome Oscillator, Detrended Price Oscillator, Average Directional Index

Graphic analysis tools: a trend line, a horizontal line, Fibonacci retracements, Fibonacci fan.

Olymp Trade and money

When choosing an indicator, a user can quickly become learn the principles of its work by clicking the “Assistant” button. After that, he will see a special pop-up window with the training material and the examples.

Olymp graphic analysis

Chart timeframe. A trader can choose the timeframe he needs manually from the following options: 15 seconds, 1 minute, 5 minutes, 10 minutes, 15 minutes, 30 minutes, 1 hour, 4 hours, 1 day, 7 days, a month.

For a line chart, the timeframe may range from 1 minute to 4 months.

The list of assets. There are special buttons above the chart to choose the asset you need fast.

Olymp Trade for trading

Assets can be selected one by one, or a trader can choose the whole sector. This way, cryptocurrency enthusiasts can mark the entire block of digital assets and work with them only.

Olymp trade invetsment

In total, the platform gives traders access to:

 

  • 36 currency pairs, including both major and cross pairs.
  • 10 cryptocurrencies against USD. They are the most popular and dynamic assets by the daily trading volume from the TOP-20 list.
  • 2 cryptocurrency pairs. This kind of asset shows the ratio of two digital coins’ value.
  • 6 commodities. The global economy depends on the value of these financial instruments.
  • 10 stock indices. The indices indicate the financial market’s condition, as they show the weighted average value of a certain number of the companies’ shares.
  • 13 shares of the largest companies worldwide, including the securities of such famous companies as Apple, Tesla, Facebook, etc.

 

Currency pairs Stock indices Commodities Shares Cryptocurrencies
EUR/USD 

GBP/USD 

GBP/AUD 

AUD/USD

USD/CLP

EUR/AUD

EUR/GBP

AUD/CAD

AUD/CAD

AUD/JPY

GBP/JPY

GBP/NZD

GBP/CAD

NZD/JPY

USD/RUB

USD/JPY

USD/CAD

USD/TRY

EUR/JPY

CAD/JPY

USD/CHF

USD/SGD

EUR/CAD

EUR/CHF

AUD/CHF

CHF/JPY

GBP/CHF

NZD/CHF

AUD/NZD

NZD/USD

USD/MXN

USD/NOK

EUR/RUB

NZD/CAD

CAD/CHF

EUR/NZD

FTSE 100

NASDAQ

S&P 500

Dow Jones

Hang Seng Index

DAX

CAC 40

Nikkei 225

RUSSELL 2000

EURO STOXX 50

Gold

Silver

BRENT

Platinum

Copper

Natural Gas

BMW

Tesla

Google

Apple

Visa

Nintendo

Facebook

IBM

McDonalds

Boeing

Microsoft

Starbucks

Coca-Cola

Ethereum

Bitcoin Cash

Ripple

Litecoin

Ethereum Classic

Bitcoin Gold

Bitcoin

Monero

ETH/BTC

LTC/BTC

Zcash

Dash

 

Each kind of asset has its own trading characteristics and advantages. For example, understanding of political processes goes well with trading currency pairs. Understanding the companies’ financial reports as well as the interest in their work will help trade securities.

 

Extra trading benefits

Trade orders:

To make a trade, a trader can use trade orders. This service is an analog of pending order in forex.

The user selects the type of order “at the strike price” or “at the fixed time” and selects the necessary conditions. The trade will open automatically if the preconditions specified by the trader are met.

When the price limit order is placed, the trade opens only when the chart reaches the specified price if other conditions are also met (the yield on the asset, the availability of the required amount on the trading account).

When the time limit order is placed, the trade opens at the selected time if other conditions are also met (the yield on the asset, the availability of the required amount on the trading account).

best trading olymp trade

 

VIP status:

A trader can get a VIP status when he deposits a lump sum of $ 2000 / € 2000 / ₽100000 / R$ 5000 or more into his trading account.

A VIP status gives a trader the following privileges:

  1. An increased return on the assets: the return is 10% higher than that of standard traders.
  2. An increased maximum trade amount: $ 5000 / € 5000 / ₽4000000 / 35000R$.
  3. A personal VIP consultant who provides support to the trader and teaches him online trading strategies.
  4. VIP traders join the “Boost your trading volume” program, which allows them to receive risk-free trades monthly for the high trading volume.
  5. Teaching secret trading strategies.
  6. The opportunity to participate in private theoretical and practical webinars.
  7. Daily market reviews.

A standard account and a VIP account compared

 

Setting  VIP Standard
Maximum yield 92% 82%
Minimum trade amount $1/€1/30₽/2R$ $1/€1/30₽/2R$
Minimum deposit $10/€10/350₽/20R$ $10/€10/350₽/20R$
Maximum trade amount $5000/€5000/₽400000/35000R$ $2000/€2000/₽150000/20000R$
Maximum total amount of open positions on different assets ₽4000000/$50000$/€50 000/ R$200000 ₽1500000/$20000/€20 000/ R$50000
Maximum total amount of open positions on the same asset ₽750000/$10000$/€10 000/ R$35000 ₽1500000/$20000/€20 000/ R$50000
Maximum withdrawal time period 1 working day up to 5 working days
Withdrawal fee no fee is charged no fee is charged
Personal training +
+
Daily analytics +
Risk-free trades for trading volume +

 

Deposit and withdrawal of funds:

The main banking methods of depositing and withdrawing funds are Visa and Mastercard. To deposit funds, a bank card must have your details and permission to pay for purchases on the Internet.

Electronic payment systems are the most popular methods of carrying out financial transactions on Olymp Trade. Users can use ePayments, Qiwi, Yandex. Money, WebMoney, Neteller, Skrill, Fasapay, Bitcoin.

olymp trading coin

Customer Support:

Olymp Trade technical support team works 24/7, so you can get help from the experts at any time:

Hotline numbers: 

+357 (2) 5030996 – Nicosia, Cyprus
+234 (1) 2279021 – Lagos, Nigeria
+66 (2) 026-03-56 – Bangkok, Thailand
+27 (21) 1003880 – Cape Town, South Africa

E-mail: [email protected]

Online support chat

 

Related Links:

 

Conclusion: Olymp Trade Platform Review : Is It Legit ?? YES You Can Try It Out

More than 20 million users from around the world have chosen the Olymp Trade platform. They receive the best support, comfortable and transparent financial conditions, a user-friendly interface and all the necessary market analysis tools.

The platform reliability is time-tested and confirmed by the international regulator. Olymp Trade is your stable partner in the world of trading!

 

 

Summary
Review Date
Reviewed Item
Olymp Trade Review
Author Rating
41star1star1star1stargray

About the author

Finnich Vessal

Finnich Vessal is an experienced affiliate marketer, he has been into affiliate industry from past 5 years and living his dreams online. On Affiliatebay you can find posts related to affiliate marketing news, product reviews & trends in affiliate marketing.

Leave a Comment

Pin It on Pinterest