The tradingcritique.com website has extensively examined the Olymp Trade platform and provided a detailed analysis of its features, advantages, and drawbacks. This analysis would be helpful for anyone who is interested in using the Olymp Trade platform to make informed investment decisions.
Table 1: Olymp Trade Overview
| Olymp Trade Highlights | |
|---|---|
| Account Types | Standard Account VIP Account |
| Demo account | YES |
| Islamic Account | YES |
| Market Instruments | Currency Pairs Commodities Stocks Indices |
| Trading Platforms | MetaTrader 4 Web-Version Mobile Version Desktop Version |
| Minimum deposit | $10 |
| Minimum Trade | $1 |
| Maximum Leverage | 1:400 |
| Funding & Withdrawal Methods | Visa MasterCard Mastro Neteller Skrill Visa Electron Qiwi Wallet Yandex Money Fasapay Web money Payments |
| Customer Support | 24/7 |
Olymp Trade Broker Review – An Intro
Olymp Trade is a global broker & online trading platform that has been in operation since 2014. Over 5 million Indian traders use the Olymp Trade, with 10,000 actively trading daily. In India, Olymp Trade’s daily trading volume exceeds 1000 crores.
Knowledge Bites
Olymp Trade is a global online broker with over 25,000 active traders from Asia, Latin America, Africa, and Europe every day. The International Financial Commission regulates and certifies the company, which is based in St Vincent & Grenadines and also a member of the Financial Commission of A category. In India, the Olymp Trade is widely available. It does not have Physical offices in India and its headquarters is situated in St. Vincent and the Grenadines. However, if you want assistance, Olymp Trade has Hindi-speaking support experts available to assist you.
Regulations & Trust ability Review of Olymp Trade Broker
Olymp Trade is not overseen or authorized by any Indian financial regulatory body. It is regulated by The International Financial Commission (IFC) which is also a category member of the Financial Commission. It offers 100% negative balance protection and two-factor authentication for its users. It protects customers by providing up to $20,000 in compensation to each trader through the FinaCom Compensation Fund. The LCR Honda team in the MotoGP 2019 is sponsored by Olymp Trade.
Table 2: Olymp Trade Regulation Details
| Entities Name | Regulation | Physical Address | Headquarters |
|---|---|---|---|
| Saledo Global LLC | The International Financial Commission (IFC) | James Street, Kingstown, First Floor, First St Vincent Bank Ltd Building | St. Vincent and the Grenadines |
Review on Accepted & Denied Countries of Olymp Trade Broker
Olymp Trade’s services are available all around the world, except in the United States, Japan, Israel, Canada, Russia, & a few other nations.
Awards Review of Olymp Trade Broker
Olymp Trade has received several honors from the worldwide trading community.
Table 3: Awards of Olymp Trade
| 2016 |
|---|
| Fastest Growing Broker |
 2017 |
| Innovative Broker |
| 2018 |
| Best Forex Trading Platform in AsiaBest Trading PlatformBest Traders Facebook Community in Thailand |
| 2019 |
| Best Mobile Trading Platform & Best Customer Service BrokerBest Broker in the PhilippinesBest Customer Support Broker & Best Mobile Trading Experience |
| 2020 |
| Best Customer Support BrokerBest Trading Platform |
| 2021 |
| World Finance Forex AwardForex Brokers Award |
Assets Review of Olymp Trade Broker
The assets that users of Olymp Trade can trade are listed below,
Currency Pairs
Commodities
Table 4: Most Traded Assets of Olymp Trade
| Currency Pairs | Commodities | Stocks | Indices |
|---|---|---|---|
AUD/CAD AUD/JPY AUD/USD AUD/CHF AUD/NZD CAD/CHF CHF/JPY EUR/CHF EUR/AUD EUR/GBP | Brent Natural gas UKOil USOil | Adobe Alibaba Amazon Apple eBay Ferrari Netflix Nvidia Spotify Tesla Visa Walmart | DE30 UK100 JP225 EU50 FR40 HK50 US500 UT100 US30 ES35 AU200 |
Trading Platforms Review of Olymp Trade Broker
The Olymp Trade platform is available on the web, desktop (for Windows and Mac), and a smartphone/tablet app (for Android/iOS). It also uses the MT 4 platform to provide its services.
MetaTrader4
Mobile Version
Desktop Version
Web Version
Mobile Version
Additional software is not needed to be downloaded. All the traders of Olymp Trade have access to desktop & mobile apps free of cost. You may download it from Google Play or iOS.
Desktop Version
This broker offers a desktop version that may be customized as well as a mobile app (Android & iOS).
Web Version
Olymp Trade is a web platform that can be accessed on a variety of platforms, including mobile & desktop. After you register an account, you may immediately trade on the online platform in the web version.
Table 5: Olymp Trade Trading Websites of Supported Languages
| No | Olymp Trade Trading Websites | Countries | Website Languages |
|---|---|---|---|
| 1. | Olymp Trade Main | Global | English |
| 2. | Olymp Trade Türkçe | Turkey | Turkish |
| Continent-Europe | |||
| 3. | Olymp Trade Русский | Russia | Russian |
| 4. | Olymp Trade Português | Portugal | Portuguese |
| 5. | Olymp Trade Français | France | French |
| 6. | Olymp Trade Español | Spain | Spanish |
| Continent-Asia | |||
| 7. | Olymp Trade العربية | United Arab Emirates | Arabic |
| 8. | Olymp Trade Tiếng Việt | Vietnam | Vietnamese |
| 9. | Olymp Trade Bahasa Melayu | Malaysia | Malay |
| 10. | Olymp Trade Bahasa Indonesia | Indonesian | Indonesian |
| 11. | Olymp Trade한국어 | South Korea | Korean |
| 12. | Olymp Trade ไทย | Thailand | Thai |
| 13. | Olymp Trade日本語 | Japan | Japanese |
| 14. | Olymp Trade हिन्दी | India | Hindi |
Review on Types of Account of Olymp Trade Broker
Olympic Trade offers two kinds of accounts,
Standard Account
VIP Account
Standard
A minimum deposit of $10 is required to start a standard account. The minimum and maximum trading amounts are $1 and $2,000, respectively. There is no maximum limit on withdrawals. For the day, you are only allowed to make one withdrawal. Withdrawals are processed in around 3 days.
VIP
A minimum deposit of $2,000 is required to qualify for a VIP account. This account comes with extra features that the basic account lacks. Your trading limit is increased to $5,000 with the VIP account. Access to a VIP consultant is another significant perk. VIP advisors are top-tier financial experts with decades of expertise. Additionally, you now have access to more resources to assist in your knowledge and education in the trades.
Demo Account Review of Olymp Trade Broker
A demo account is a useful tool for investors. Traders who want to test their luck in the financial market have access to a searchable demo account with a balance of 10,000 Virtual funds. It provides its traders with a free and limitless demo account.
Review on Types of Account Status of Olymp Trade Broker
This company has a loyalty program with several tiers, as indicated below.
Starter
Advanced
Expert
Table 6: Types of Status in the Olymp Trade Website
| Starter | Advanced | Expert |
|---|---|---|
| – A basic status – Rate of return – 82% – Minimum deposit – $10 – Maximum trade amount- $2000 – Minimum trade amount – $1 – Minimum withdrawal amount – $10 | – A status that comes with a range of assets – Rate of return of – 85% – Minimum deposit – $500 – Maximum trade amount – $3000 – Opened position- 50 – Consultations with a dedicated analyst every month – 6 ready-to-go systems in forex mode – 7 built-in trading strategies in FTT mode – Access to the special materials section & private webinars | – A top-level status that grants access to the most extensive set of perks – Rate of return – 92% – Minimum deposit – $2000 – Maximum trade amount- $5000 – Opened position – 100 Risk-free trades – Top priority processing of funds withdrawal requests – Individualized training and a personal analyst are available -15 trading techniques – Access to the special materials section & private webinars – Unique investing daily |
Fees & Commissions Review of Olymp Trade Broker
Olymp Trade does not charge fees for making deposits or withdrawals. However, it does charge an inactivity fee. You must trade at least once every 180 days to avoid the service cost. It has a $1 minimum trade limit. The spread of a standard account begins at 1.1 pips when there are no fees for trades performed through the platform. When trades are conducted overnight, the company charges a fixed rate overnight charge of up to 15% of the entire investment amount.
Table 7: Fees Details on the Olymp Trade Website
| Details | Fees |
|---|---|
| Inactivity Fees | $10 |
| Deposit Fees | $0 |
| Withdrawal Fees | $0 |
Funding & Withdrawal Methods Review of Olymp Trade Broker
Olymp Trade requires a minimum deposit and withdrawal of $10. The withdrawals and deposits are quick and commission-free. Wire transfers take longer than other options, but funds are deposited quickly. Withdrawals are processed quickly for VIP users. For standard investors, withdrawals take 2 to 3 days. For VIP investors, it just takes a few hours.
Table 8: Payment Methods on the Olymp Trade Website
| Payment Method |
|---|
| Visa MasterCard Mastro Web Money Payments Qiwi Wallet Yandex Money Neteller Skrill Visa Electron Fasapay |
Review on Types of Trade of Olymp Trade Broker
Olymp Trade offers two types of trade: Fixed Time Trade & FX Trading.
FTT
When you deposit a minimum of $10 and choose to trade high or low, you have a good chance, especially if you are a beginner. If you are a pro, you will have a bigger advantage since you will be able to pick your assets and begin trading with $1. Even though the expiration durations are merely 24 hours, you may still use their platform.
Forex Trading
You may make a limitless profit or loss while trading forex. Your deal will be automatically closed by the broker. With forex trading, you may use take-profit and stop-loss orders to set profit and loss limitations.
Leverage Review of Olymp Trade Broker
The maximum leverage ratio available for Olymp Trade was up to 1:400. A few of the most prominent Currency trading pairs, such as EUR/USD, have a leverage of 30:1, whereas minor forex pairings, such as NZD/USD, AUD/CAD, and USD/SGD, have a leverage of 20:1.
Trading Hours Review of Olymp Trade Broker
Olymp Trade is available 24 hours a day, 7 days a week. If you use Olymp Trade, you may invest at any time and from any location, whether you’re trading on your phone or your computer. The London forex market is open from 3 a.m. to 12 p.m. GMT. The currency market in New York is open from 5 p.m. to 2 a.m. GMT. It opens in Tokyo between 7 p.m. and 4 a.m. GMT
Education and Research Review of Olymp Trade Broker
Various resources are prepared in the education section to help beginner traders learn how to trade successfully. Additionally, traders may obtain all of the knowledge they need about trading through a free eBook, seminars, and interactive tutorials.
Bonus Review of Olymp Trade Broker
Olymp Trade offers different bonus categories which are Welcome & Deposit bonuses. By simply signing up, you may receive a 100% Welcome Bonus. But, you have just one hour to spend on this benefit before it expires. Depending on the amount deposited, the Deposit Bonus percentage ranges from 20% to 50% of the total amount deposited.
Rewards & Risk Review of Olymp Trade Broker
Olymp Trade has both advantages and disadvantages which are listed in table 9.
Table 6 : Pros and Cons of the Olymp Trade Website
 Pros |  Cons |
|---|---|
| It’s a simple start. | It just has a few assets to begin with. |
| Customer service is excellent and available 24/7. | There are a limited number of deals and incentives available. |
| Withdrawals are made using popular methods and are quick in India. | Withdrawals are difficult for non-verified accounts. |
| Deposits are covered by insurance. | |
| It is well-known in India, featuring a Hindi-language platform. |
Customer Support Review of Olymp Trade Broker
Customer service is available by phone, live chat, or email 24 hours a day, 7 days a week. The customer support languages are available in English, Hindi, and much more. On Facebook, Twitter, Pinterest, and YouTube, you may connect with other traders. It also has a FAQ section on the website, which is quite useful for visitors to get the correct answers to their questions.
Table 10 : Customer Support Section on the Olymp Trade Website
| Social Media Pages of Olymp Trade | |
|---|---|
| https://twitter.com/BrokerOlymp | |
| Youtube | https://www.youtube.com/olymptradeglobal |
| https://www.pinterest.com/olymptradeb/ | |
| https://www.facebook.com/olymptradeindia1 | |
| Contact Number | 02271279540 |
| [email protected] | |
In a Nutshell
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