Olymp Trade

Is Olymp Trade scam or safe? What is the minimum deposit of Olymtrade? You will get all answers to these questions in this OlympTrade review!
6.8/10 (Expert Score)
Product is rated as #29 in category Forex Brokers

Olymp Trade is a marketplace that offers binary options and forex trading with great trading platform. The visitors of website, olymptrade.com, are mainly from Brazil and India. There are also visitors from Thailand, Vietnam, Ukraine and other countries.

In this Olymp Trade review you will find answers to these questions: Is Olymp Trade safe? What are the account types of Olymtrade? What is the minimum deposit of OlympTrade?

6.8Expert Score
Good

I reviewed Olymp Trade based on the following criteria.

TRUST
7.5
COMMISSIONS AND FEES
6
CUSTOMER SERVICE
6
PLATFORM & TOOLS
7
PRODUCT PORTFOLIO
7.5
PROS
  • Regulated broker
  • Trading Platform
CONS
  • Limited account types

About The Company

What is Olymp Trade?

Olymp Trade is one of the most popular binary option brokers in the market. It has more than 25,000 users and they are trading every day. The broker established in 2014 and it has been developing since the day it was founded.

It is not only a digital option it is also a forex broker. You can get money with online trading if you know the dynamics of market. If you are a beginner, you should learn how to trade. Olymp Trade provides education for newbies such as strategies and webinars.

Reliability

Is Olymp Trade Safe?

First thing you should know about a broker must be its reliability. It is important to choose a broker who has a long operational history and regulated status.

Offering high-tech trading solutions, Olymp Trade is a broker who authorized and supervised by the Financial Commission in category A. In addition, the Financial Commission provides compensation up to $20,000 to cover investor’s funds in case of bankruptcy or other situations.

Thanks to Olymp Trade reliability, it earns some awards such as “Best Financial Broker” in CPA Life Awards 2017, “Best Options Trading Platform” in Le Fonti 2016, “Best Trading Platform 2018“ in The Forex Awards and more.

Account Types and Trading Conditions

Olymp Trade Account Types and Trading Conditions

Olymp Trade offers two account types; Standard and VIP. Standard account has $10 minimum deposit requirements. It means that you can open an account with only $10 deposit. This offer is very competitive.

The other one is VIP account and you need to deposit at least $2,000 to open this account. It also offers some benefits that standard account does not offer. For example, it offer a higher transaction limit of $5,000.

Olymp Trade provides a wide range of assets to trade. You can choose what you want. There are 79 financial instruments; currency pairs, ETFs, stocks, commodities, indices and cryptocurrencies. Some cryptos are bitcoin, Ethereum, Litecoin, Ripple, and Monero.

There are two platform options offered by the broker. These are mobile and web platforms. If you want to trade with your mobile device, you can download the Olymp trade app. You can also use your web browser to trade. Generally, traders choose to trader in browser because there is no need to download.

The interface of both platform is user-friendly. It is easy to use and has a variety of indicators and advanced charts. The platform has good customer feedback. It is safe and offers secure online trading.

Deposit and Withdrawal Options

Deposit and Withdrawal Options

You can use some options to deposit and withdrawal. Olymp Trade offers a wide range of payment options. These are credit and debit card, bank wire transfer, popular e-wallets such as Skrill and Neteller. In addition, you can use Fasapay and Webmoney.

To fund your account you need to choose deposit section in you dashboard then payment method and fill in the deposit amount. After that you need to click deposit button.

You will be offered a deposit bonus. If you dont want to receive this bonus, you should click on the cancel bonus button and follow the instruction. The minimum deposit amount is $10  / €10 &.

If you want to withdraw your funds, you need to submit a withdrawal request in your dashboard. The maximum withdrawal period is 5 business day. Olymp Trade tries to process your requests as fast as possible. Usually the requests are processed within 24 hours or on the next business day.

The minimum withdrawal amount is $10 / €10 depending on the currency of your account.

Conclusion

Conclusion

Olymp Trade is a regulated broker and it offers competitive trading conditions with safe trading platform. It provides a compensation scheme. It has helpful customer service. Deposit and withdrawal options are enough.

Olymp Trade won some awards such as Best Options Broker, Fastest Growing Broker. Trading assets are limited but there are main instruments.

There are many customer comments about broker and mostly positive. Olymp Trade is a platform that gives you earn money. If you want to open an account you can click the button below.

Valentin Cote

Valentin Cote

I am Valentin Cote, the author and owner of this personal blog. I compare and review forex brokers in my website. I am in the trading industry since 2009 and still learning. I also write useful articles for newbies about forex and investment. I love playing online games and Forex :)

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Who Am I?

Hello to everyone. Forexbrokerslab is my personal blog where I compare reliable forex brokers. I’ve been in forex trading since 2009 and I’m still learning. I have traded with the most popular forex brokers, including the most unknown ones in any regulation and many different account types. So I think I have enough knowledge to compare brokers. You can learn about forex brokers by reviewing my blog.

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