10.0/10
(5 qualified reviews)
US Traders
  • Bonus offers
  • Affiliate program
  • Islamic accounts available
  • Company Inlustris Ltd.
  • Founded in 2014
  • Offices in
    • Cyprus
    • Saint Vincent and the Grenadines
  • Payment options
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  • Demo platforms
    • MetaTrader 4
  • Account currencies
    • Brazilian real
    • Euro
    • United States dollar
  • Currency pairs
    Show currency pairs Hide currency pairs
  • Regulated by
    • The Financial Commission, 22.02.2016
  • Website available in
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  • Support available in
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  • Support methods
    • Email
    • Live chat
    • Phone
    • Web form
  • Trading server time zone GMT
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Automated trading
  • Minimum account size $2
  • Minimum position size 0.01 lot
  • Spread type Variable
  • Typical spread on EUR/USD, pips 1.5
  • Minimum spread on EUR/USD, pips 1.1
  • Scalping Allowed
  • Trading instruments
    • Forex1:500
    • Options1:50
    • ETF1:50
  • Trading platforms
    • MetaTrader 4
  • Digits after dot 5
  • Margin call level 100%
  • Stop-out level 100%
  • Number of currency pairs 28
View contract specifications

Reviews

7 reviews of Olymp Trade are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.

, Malaysia.

I think that almost every trader at least once faced the question of finding a broker that would fully meet all the requirements and preferences. It is not easy. And I don't think that everyone could find a company that would suit you, but in my opinion the main thing is that the broker should provide access to the market and not interfere with the trader's trading in the way he wants to. As for me, olymp trade meets these criteria. This company does not give any fantastic conditions, but provides access to a platform with a quality interface and a huge number of assets that can be used by traders with different approaches. Besides, Olymp has a very fast withdrawal funds, which allows you to count on your profit at any time and make plans on how you will spend it in the nearest future.

, CAMBODIA.

I started trading three years ago, completed a few campaigns – there are some difficulties everywhere – sometimes the deals are not going through, sometimes I had to wait for the withdrawals for a week. Once I deposited on my accounts – my account was closed. So I came to Olymp Trade as an experienced player. I tested a terminal with a small account - was working according to my strategy, nothing special, a candle chart, levels – everything worked out. No delays in buying the deals. I also checked on Metatrader and on tradingview. And now made my mind on a bigger deposit - $800. Now I have $1946, I’ve already withdrawn $580 - they were accepted in 22 hours (to the card). I made them within 1,5 months. I’m trading for 3-5 hours and very happy with the result. Honestly speaking, I used to think, that I will never become a good trader)

, UAE, Dubai.

Among other option brokerages Olymp stands out by its own unique trading platform and the fact that this is a 2-in-1 brokerage, both forex and options. I've started with options trading. The rules here are really transparent and are all explained in educational videos. After watching a couple you will surely know what you are being charged for, why and how to minimize trading expenses and increase profits. The only thing that I've noticed and didn't like much about options trading with Olymp is that payouts vary on the same assets depending on the time of the day, market volatility and probably some other factors that I don't know of. So if you trade a lot and frequently enter new trades, you might miss the moment when the payout rate has changed and go for 60% payout instead of 80%. But if you pay attention to the left upper corner before each trade, this should not be a problem. I haven't tried the forex platform much yet, but this is my plan for the nearest future.

, Indonesia.

Let's see what I should start with. Guess the reliability should be the most important issue with online brokerages. There is so much scam going on around financial markets and the magic "get rich" button. Olymp Trade has been listed under FinaCom trusted brokerages list. This means that FinaCom accepts the responsibility and in case something bad happens with Olymp, clients funds are guaranteed to be returned by this regulator. As for my personal experience, I've only tried once to withdraw money from Olymp. It was last week. I sent the withdrawal request 2PM and got the money on my account next day in the morning. Overall trading experience with Olymp Trade exceeded my expectations. I've heard before their trading platform is good but I didn't expect it to be that convenient to use. Great brokerage!

, Singapore.

I’ve tried several options brokerages already. Despite a widespread opinion they are NOT all same. I used to think they are, in fact, but trying Olymp changed my opinion completely. First of all the trading platform here is really convenient. If you wanna be like a brave Lanselot on the market, then just choose one-click-trades option and go ahead. Not my choice though )) I found more interesting features for myself here. For example you can enter pending orders here. Moreover, these pending trades can be pending by either price or time! This gives a fair chance to exploite market levels of support and resistance with profit withough having to stare at screen waiting for price to reach these levels. Same with timing. If you think that the start of Chicago session will push gold down to collect players stop losses, then just sell with the pending trade at 8 o’clock CST. I can keep speaking of all the nice features of Olymp Trade platform but it can turn out to be a long, long story. To make this story short, simply let me recommend Olymp and go back to my charts.

, South Africa.

I don’t have much experience to compare Olymp Trade with many other brokerages, but I’m very glad I started here for myself. First of all they provide some trading education here. I don’t know how much time I would have spent myself, if I wanted to learn about these available indicators and strategies. Secondly, as far as I’m concerned trading fees here are one of the best on the market among brokers.I can trade currencies, commodities, stocks or cryptocurrencies - if the price is still at stocks, cryptocurrencies might be moving in a strong trend or vice versa. The last but not the least, I know I can rely on this broker. Many people I know tried trading with Olymp. Some liked it, some didn’t but one thing is for sure - all of them were getting their money at first request. So I definitely recommend Olymp if you haven’t tried it yet.

, India.

Olymp Trade brokerage is nice. I started here as an options trader. For several months I’ve been mastering my skills with options and when I finally started earning something it occured to me that forex offers a lot more opportunities. I was glad to find out that same broker offers access to forex trading so I didn’t have to start looking for some other place to trade at. Nice to have a partner you can rely on. Anyway, my guess was correct. Forex really offers a lot more opportunities. Trades can last longer, and your profits are not limited to the risk size. There is a general rule that your take profit must be 2-3 times more that your stop loss, and this practice leveraged my trading profits better that OT multipliers, which are also nice, in fact :)

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Forex trading bears intrinsic risks of loss. You must understand that Forex trading, while potentially profitable, can make you lose your money. Never trade with the money that you cannot afford to lose! Trading with leverage can wipe your account even faster.

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