Are you looking for an objective Olymp Trade Review? In this article, I will share my review of Olymp Trade and my conclusion on whether it is a legitimate trading platform.
Most binary options trading platforms could be more user-friendly, and finding the right one for your needs can be difficult.
I’ve tested over 25 of the most popular binary options brokers, and Olymp Trade is our top recommendation.
Olymp Trade is a user-friendly, dependable platform with market indicators, charting tools, technical analysis indicators, and advanced order types such as trailing stops and one-touch/no-touch trades.
The broker also has a live chat feature where you can get help from their customer service team 24 hours a day, 7 days a week. They provide a free demo account to test their features before depositing any money.
Bottom Line Upfront: Have you ever considered trading stocks online?
If this is the case, Olymp Trade is the platform for you. With our intuitive interface and advanced features such as market indicators, charting tools, technical analysis indicators, and advanced order types such as trailing stops and one-touch/no-touch trades, they have made it simple to begin trading.
You can access your account from anywhere anytime by using their mobile app on your smartphone or tablet device.
With a few mouse clicks or screen taps, you can buy or sell shares in real-time with no commissions or hidden fees!
Content Outline
Olymp Trade Review 2024: Is Olymp Trade Genuine?
Olymp Trade is an all-in-one online trading platform that allows you to trade currency pairs, commodities, stock indices, company shares, and cryptocurrencies.
It is a popular online trading platform known for its accessibility and user-friendly interface. It offers a range of financial instruments, including options, Forex, stocks, indices, commodities, and cryptocurrencies.
Initially, the company focused on customers from the CIS countries. The company’s user base has grown significantly since then.
Traders from Southeast Asia (Indonesia, Malaysia, Vietnam, Thailand), Latin America (Argentina, Brazil), India, Pakistan, and Arab countries are now actively using the platform.
Since its inception in 2014, the company has won numerous awards for its high-quality service.
Best Features of Olymp Trade
Several major benefits make the Olymp Trade platform popular:
1. Safety And Reliability
Olymp Trade is a Financial Commission category A member (FinaCom). FinaCom is an independent international organization that protects and promotes the rights of traders.
If Olymp Trade engages in unfair business practices, the Commission will compensate the trader up to €20,000 per case through its Compensation Fund.
An independent system – Verify My Trade – certifies the quality of trade execution on the Olymp Trade platform.
An audit of 5,000 customer trades revealed that 64% were completed at the best possible price. You should note that no trades were rated as “acceptable” or “below average” in Olymp Trade’s official report.
An independent Verify My Trade study demonstrates the quality of execution a broker provides. This saves traders money on fees while improving their overall trading results.
Olymp Trade is a prime example of the company’s commitment to its customers.
2. 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.
3. Training Account
Following registration, each user can begin trading on a demo account with a balance of 10,000 demo units. This simulator precisely simulates trade execution and assists clients in preparing for real-money trading.
If the account balance is less than 5,000 units, it can be restored unlimited times to the initial 10,000.
4. Learning for free
The professional team has created understandable and exciting learning content for the past four years.
Olymp Trade analysts hold theoretical and practical webinars on how trading strategies and technical and fundamental analysis methods work almost daily.
Because the list of benefits is incomplete, we provide a detailed description of the trading platform’s functionality.
5. Platform Versions
Olymp Trade is a constantly improving platform created by a team of experienced developers. Any interface and service decisions are based on the recommendations of financial analysts and user preferences.
Russian, English, Thai, Indonesian, Portuguese, Spanish, Turkish, Vietnamese, Chinese, Arabic, Hindi, and Malay are fully localized on the Olymp Trade platform.
The platform’s versatility is based on the ability to use various chart settings and well-known systems of analysis and edit the list of assets.
Olymp Trade has a one-of-a-kind feature: a trading assistant. This is a unique real-time chatbot that explains how various tools work.
6. 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, and heikin-ashi.
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.
When choosing an indicator, a user can quickly learn the principles of its work by clicking the “Assistant” button. After that, he will see a unique pop-up window with the training material and examples. Check more in the Olymp trade review.
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 support you need.
You can choose assets individually, or a trader can select the entire sector. Cryptocurrency enthusiasts can then mark and only work with the whole block of digital assets.
In total, the platform gives traders access to:
- 36 currency pairs, including major and cross pairs, allowing for a wide range of options in currency trading.
- 10 cryptocurrencies against USD, providing a diverse range of digital assets to trade.
- 2 cryptocurrency pairs, allowing traders to track the value of different digital coins concerning one another.
- 6 commodities, giving traders an insight into the global economy and the value of key financial instruments.
- 10 stock indices, providing a snapshot of the financial market and the performance of a selected group of companies.
- 13 shares of the largest companies worldwide, including well-known companies such as Apple, Tesla, and Facebook, allowing traders to invest in some of the biggest players in the market.
| 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 Apple Visa Nintendo IBM McDonald’s Boeing Microsoft Starbucks Coca-Cola | Ethereum
Bitcoin Cash Ripple Litecoin Ethereum Classic Bitcoin Gold Bitcoin Monero ETH/BTC LTC/BTC Zcash Dash |
Each asset type has unique trading characteristics and advantages. Understanding political processes, for example, complements trading currency pairs. Understanding the financial reports of the companies and the interest in their work will aid in trading securities.
Other Important Olymp Trade Benefits:
1. Trade orders:
A trader can use trade orders to make a trade. This service is analogous to pending orders in the forex market.
The user selects the order type “at the strike price” or “at the fixed time” and the necessary conditions. If the trader’s preconditions are met, the trade will open automatically.
When a price limit order is placed, the trade begins only when the chart reaches the specified price, assuming that all other conditions are met (the yield on the asset and the availability of the required amount on the trading account).
When a time-limited order is placed, the trade begins at the specified time if all other conditions are met (the yield on the asset and the availability of the required amount on the trading account).
2. VIP Status:
A trader can get VIP status when he deposits a lump sum of $2000 / €2000 / ₽100000 / R$5000 or more into his trading account.
VIP status gives a trader the following privileges:
- 10% higher return on assets compared to standard traders
- Increased maximum trade amount of $5000 / €5000 / ₽4000000 / 35000R$
- Personal VIP consultant for support and strategy guidance
- Participation in the “Boost your trading volume” program for risk-free trades
- Access to secret trading strategies
- Private theoretical and practical webinars
- 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 | $5000/€5000/₽400000/35000R$ | $2000/€2000/₽150000/20000R$ |
| The maximum total amount of open positions on different assets | ₽4000000/$50000$/€50 000/ R$200000 | ₽1500000/$20000/€20 000/ R$50000 |
| The maximum total amount of open positions on the same asset | ₽750000/$10000$/€10 000/ R$35000 | ₽1500000/$20000/€20 000/ R$50000 |
| The maximum withdrawal 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 | + | – |
3. Deposit and Withdrawal of Funds:
Visa and Mastercard are the most commonly used banking deposit and withdrawal methods. To deposit funds, a bank card must contain your information and permission to make Internet purchases.
Electronic payment systems are the most popular methods for financial transactions on Olymp Trade. Users can make use of ePayments, Qiwi, and Yandex. Money, WebMoney, Neteller, Skrill, Fasapay, and Bitcoin are all options.
Olymp Trade Customer Support Review:
Olymp Trade technical support team works 24/7, so you can get help from the experts any time:
E-mail: [email protected]
Online support chat
Related Links:
- Finviz Review: Is It The Best Stock Screener?
- Best Features Of Trade Ideas
- Trade Ideas Pricing
- Trade Ideas Coupon Codes, Promo Codes
Olymp Trade Pros & Cons:
Here are some pros and cons of Olymp Trade:
Pros
- Olymp Trade is user-friendly and reliable, with features like market indicators, charting tools, technical analysis indicators, and advanced order types like trailing stops and one-touch/no-touch trades.
- Offers extensive support for the trading process
- Widely accepted by traders worldwide
- Offers demo accounts
- Has a standard trading platform for mobile devices
Cons
- Charges for certain services, but some can be used without cost.
Olump Trade Testimonials & User Reviews:
This is the best place to attain financial freedom investing in binary and the crypto currencies market. I have also come out a winner with the help of this amazing expert trader mrs Judy who help me to manage my trading and and all the signals.
I am blessed to have you in my life. Thank you for being a real one.
We are just starting now and it’s good I talk about how I have been winning till this day., since the lockdown and corona period me and my family have been benefiting from binary and forex trade since I was referred by a friend to join the market it’s a life changing opportunity for everyone out there you can start up now with minimum of $500 and make over $7400 on every trade.
You can also invest on this from any country. God bless you and your team . Start up now and always remember to show gratitude.
Patricia Fango Burlaza.
Conclusion: Olymp Trade Review 2024: Is Olymp Trade Safe?
In conclusion, Olymp Trade emerges as a reliable and user-friendly platform for traders seeking to engage in online financial markets.
Its intuitive interface, extensive educational resources, and range of trading instruments make it suitable for both beginners and experienced traders.
While it may lack some advanced features found in larger platforms, its simplicity and accessibility make it an attractive option for those looking to enter the world of online trading.
Overall, Olymp Trade offers a solid trading experience with the potential for profitable outcomes, making it a viable choice in the online trading landscape.
