OlympTrade Review Is it SCAM or LEGIT? Honest review 2023

olymp trade broker reviews

Demo accounts are quickly accepted, and they may begin trading right away. Users of such an account are given 10,000 virtual units of cash. These units can be traded to evaluate the platform’s functionality and reap its key benefits. The registration process for a full account, on the other hand, can be slightly more complicated. To verify the entire account, the broker may request a copy of passport, photo identification, proof of residency, and confirmation of the payment method.

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ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up. We are committed to the fair handling of reviews and posts regardless of such relations. If you are from Nigeria, India, Pakistan, or werever, the process of verification is the same for everybody on this planet.

Payouts are quickly made directly to the bank account or e-wallet traders use to deposit money. Withdrawing funds is simple and are generally completed within 3 business days. There is a minimum withdrawal limit, but no maximum.

Is it possible to trade forex market at weekends?

This platform is unique from other platforms and they offer a wide range of assets for its users. To conclude, we can say that the Olymp Trade platform is one of the best brokers that provide its own trading platform that is simple and easy to use. It offers a streamlined technology and a simple interface that helps the investors to master fruitful trading. It has several trading tools that help the traders to maximize their profit potential by trading on the platform. It is the best option for new traders who want to learn about prosperous trading. This platform also offers training and educational materials that are useful for investors who would like to start trading on the platform.

That being said, there should be enough for those of you who just want to buy and sell CFDs without running any overly complex algorithms. Forex brokers often lure new traders with offers of deposit bonuses. This can be useful, but it is essential to discern what the conditions are to really benefit from a bonus.

The website states that a variety of payment methods may be used to fund accounts, but little more information is given. It seems that credit cards, Neteller, Skrill, WebMoney, and Bitcoin may be used to fund accounts and withdraw money. A minimum of £10 can be withdrawn, but no maximum is stipulated.

Olymp Trade does generally not offer a standard bonus, but we have secured an exclusive introductory bonus that you must
use to your advantage. We have managed to negotiate a new sign-up deal which means they will double your deposit! All you need to do
is make a deposit in your live account within an hour after registration and get +100% of your deposit, free. Some brokers offer lots of different https://forexhero.info/ trade types, and these include Call/Put or High/Low trades then there are Ladders and Pairs, Range,
One Touch and Long Term. With Olymp Trade as there are just two types of trades, the classic, tried and tested High/Low and 60 second
trades. With more than 25,000 people trading every day and around $171 million of monthly turnover Olymp Trade are a massive company in this space.

As we are all aware the cryptocurrency market is prone to volatility, and they are unpredictable. In this situation, the user would like to get more profits before the winning rate turns into a loss. On the contrary, the trader would like to limit their losses, in case their speculation is not correct. Olymp Trade provides some of the features like limiting their losses which can be set manually from the trader’s account.

Customer Support

It is referred to as FinaCom and based in Hong Kong. FinaCom makes it clear that it is not regulated or registered as an EDR in any jurisdiction. Forex traders should not confuse this with a government regulator who has enforcement capabilities but view it as a loose layer of protection in case something goes wrong. OlympTrade is a member of The Financial Commission which is the first independent self-regulatory organization and external dispute resolution (EDR) body for the Forex market. FinaCom (aka Verify My Trade) makes it clear that it is not regulated or registered as an EDR in any jurisdiction. Olymp Trade claims that it offers 24/7 customer support, and they can be reached through telephone, email as well as live chat.

It provides over 80 plus trading instruments, including currencies, shares, indices, cryptocurrencies, and commodities. However, we believe that we need knowledge to trade. Therefore, we encourage users to spend time studying trading.Have fruitful trading!

  • Besides answering basic questions more broadly than in the website’s FAQ section, OlympTrade uses this to highlight special discussions where a VIP account is also mentioned.
  • So – If you are from Nigeria (or another African country) you can trade with OlympTrade – it’s allowed.
  • The Olymp Trade Forex trading platform accepts various deposit options, majorly bank cards, cryptocurrencies, and electronic payments.
  • The Olymp Trade blog is updated frequently by the brokers team of expert analysts.
  • It is no longer enough to have a good desktop site and trade off reputation.
  • OlympTrade platform is a popular online trading platform, and has been serving customers since 2014.

Thank you for the review; we appreciate your kind words. We are cheerful that you like our online trading platform. It is extremely beneficial for a new user to test it on the demo account. By doing so, you can not only learn how to use the platform but also practice your trading skill at zero cost. We are excited that you take advantage of the demo account. Hope you switch to the real account once you are ready.

Is Olymp Trade a Scam or Not: A Real Review

It should be noted that when trading stocks with OlympTrade, the trader does not own physical shares of the stock (or any asset). OlympTrade is an online options broker owned by Saledo Global LLC that has been operational since 2014. The company is registered in Saint Vincent and the Grenadines with the registration number IBC 2018. According to its own statistics published on their website, over 25,000 “users” are trading every day and 247,256 “users” traded last month. We have not followed up to see if this statistic changes monthly, nor can we ascertain its accuracy. The binary options market went through a phase were many providers collapsed as regulators clamped down on industry practices where false advertising, fraud and scam was on the daily agenda.

The mobile apps are highly rated with a responsive design and the same capabilities as the web version. Since recently OLYMP TRADE also provides the MetaTrader 4 platform. OLYMP TRADE requires a minimum deposit of £10 to open a Standard Account and at least £2 000 to open a VIP account. Finding a reputable OLYMP TRADE review local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source. Below is an in-depth review regarding OLYMP TRADE to help you make an informed decision before opening your account or trading on their platform. Hello, Bradley.Your review is very concerning to us.

The Olymp Trade blog is updated frequently by the brokers team of expert analysts. It has different sections which include; education, analytics, FAQ, lifestyle and platform news. The blog features some interesting and informative articles. The Olymp Trade weekly review looks olymp trade broker reviews at the important economic events that are expected within the week as well as their potential impacts on the market. It also follows up on the happenings of the past week. This can help you to always stay up to date with what is happening across the financial markets.

The user interface was made to be intuitive, easy to use, and understand. Olymp Trade provides educational materials on trend indicators and different strategies. A chat box helps deliver information about the many different topics. There are a continuously increasing number of videos and webinars on a range of topics. New ones come out often to keep traders up to date with the latest trends and platform changes.

olymp trade broker reviews

It also presents several good educational resources that can be accessed in 12 languages. Olymp Trade has a decent selection of CFD instruments to trade via a proprietary trading platform and modern trading app. You can access free educational content, get up to date market analysis and 24/7 dedicated client support. Traders and interested students of investing can watch live stream on Facebook, or join webinars that are hosted on YouTube.

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If the trader wants to deposit money, this company offers several methods such as Skrill, Neteller, credit cards, and WebMoney. The minimum amount of money for withdrawal is $10, and the payment methods are the same as the deposits. PricingThis broker’s spreads are among the most appealing in the industry.

How do I get my money from Olymp Trade?

Withdrawing money from Olymp Trade is SIMPLE. To withdraw money from your account, just follow these steps: Log in to your Olymp Trade Account through any platform, like the website. When you're on the platform, click on Make a Deposit, and once you're on the payments page, click on Withdraw.

This Olymp Trade mobile trading app has been developed for convenient trading whilst on the go. The Olymp Trade app is clean, modern and user friendly. I do not think you will have any issue navigating the charts, conducting basic market analysis and executing trades. It is quite limited in terms of functionality when compared to some of the best trading apps but will still get the job done if you are looking for hassle free online trading.

  • I think if they were to become regulated by a top-tier regulator, they would attract more clients considering the range of trading products and services that they do provide.
  • Sometimes I changed broker because of trading conditions and sometimes because of new trading strategy and indicators.
  • Olymp Trade is trusted by traders from all over the globe.

In addition to training, the organization has a staff of analysts who give customers new ways to trade. Olymp Trade has a nic variety of convenient account funding options including card payments, wire transfer, online payment processors and cryptocurrency. The broker does not charge deposit and withdrawal fees which is great but you may still be charged by your payment provider either side.

olymp trade broker reviews

Olymp Trade is an international online trading platform that has offered its services since 2014. The Olymp Trade brand belongs to Saledo Global LLC, which is registered in St. Vincent and the Grenadines. Customers worldwide and seeks to make Forex trading transparent and affordable to everyone. Activities are regulated by the International Financial Commission. Since 2014, Olymp Trade has been a leading online broker.

Spreads start from 1.1 pips for a standard account which is competitive. The prices for cryptocurrency and stocks are based on assets. It can be viewed on the live trading platform when the users execute fixed-time trading on the platform. All of your trading activity can be conducted through modern and intuitive platforms and apps with some technical indicators for analysing the markets and making informed decisions. There are some useful educational resources to help bring beginners up to speed with trading online whilst free demo accounts are also available.

Is Olymp Trade a good broker?

Is Olymp Trade a Good Broker? Olymp Trade broker is a well-known and most popular online trading platform that allows people risk-free trade with a minimum investment of $10. Since its inception in 2014, this platform has proven to be trustworthy and reliable for traders who want to trade online.

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