Olymp Trade Forex Trading Platform Review

Posted by: Freddie NorthDecember 5, 2020 Updated: March 5, 2021

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Parts of Olymp Trade Forex Trading Platform Review
 

This post is also available in: Indonesia Português

Found in: 2014Official site: olymptrade.com
Min. Deposit: $10Platforms: MT4, olymptrade.com Platforms
Demo Account: AvailableRegulation: NO

Olymp Trade needs little introduction. Prominent and highly trusted, beginners find it friendly. Through the provision of excellent services, the platform has garnered over 1 million followers on Facebook and nearly 150K subscribers on YouTube. They average over 25,000 active users daily. Their quest is supporting the financial goals of traders. Read more for the latest on Olymp Trade Forex. 

About Olymp Trade

With an entry into the online trading world in 2014, Olymp Trade has since established itself as a reliable provider. They make trading seamless with their proprietary trading software. Various key industry organizations have recognized Olymp for their excellent service. They emerged as the “Best Trading Platform” in the Le Fonti 2018 Award and “Best Broker” in Forex Expo 2017. 

Their Traders Club on Facebook boasts of over 300,000 group members who are keen on holding discussions, sharing helpful tips, and participating in various special contests. Bolstering the platform’s credibility is its membership to the International Financial Commission. Assurance is provided that Olymp Trade doesn’t engage in unfair trading illegalities.

Tradable Instruments & Assets

The brokerage app permits people to speculate on price movements of multiple commodities, stocks, indices, ETFs, currency pairs, and OTCs. For instance, users access popular stocks, including Amazon, Apple, Boeing, Alibaba, BMW, Cisco, among other international companies. Traders may open trades worth $1, representing a low minimum amount. The minimum withdrawal starting at $10 doesn’t attract additional fees. 

Deposit and Withdrawal Options

The Olymp Trade Forex trading platform accepts various deposit options, majorly bank cards, cryptocurrencies, and electronic payments. For instance, deposits may be made by credit cards, JCB, China UnionPay, Neteller, Skrill, WebMoney, Bitcoin, Tether, and Ethereum. Giving priority to customers’ withdrawals, Olymp Trade helps customers get their funds in under five days but most receive money in just 24 hours. Funds may be sent to the bank card account or e-wallet.

Olymp Trade Insights

Inside the Olymp Trade daily feed, traders find investing advice. The fundamental analysis intelligence gives traders an edge. Customers learn assets to avoid, keeping them prepared. While forecasts may prove useful, they don’t always come true. What’s more, Olymp Trade features streams for traders needing strategies to trade like pros.

Educational and Training Opportunities

Webinars, how-to videos, and technical guides ensure that first-time beginners have the right knowledge for success. Streamed live, webinars will be of immense value. On the YouTube Channel, the playlists feature market reviews, masterclasses, world news summaries, and courses for beginners. In the education section, there are many topics of interest, from trading with candlesticks to advanced technical analysis.

Reasons Why Traders Select Olymp Trade

If you are interested in what makes this platform popular, here are the main reasons why.

1: Fixed Time Vs Normal Trades

Fixed-time trades are rather unique to the Olymp Trade Forex trading platform. Traders may choose to open positions for a predefined time duration. Using a free demo account, for practice, it is possible to open a $1,000 sell position for Bitcoin for a duration of 1 min.

Opening a sell position for Bitcoin for a duration of 1 min

Traders may close an open position before the time runs out. 

Closing a Bitcoin position

2: Multiple Countries

Trading Platform supports many countries, including Indonesia, India, the Philippines, Thailand, and more. Most notably, trade Olymp doesn’t accept clients from the United States, Europe, or Canada, Great Britain. 

3: Support for MetaTrader 4 Olymp Trade

Olymp Trades provides an intuitive mobile trade app for iOS and Android. Following popular demand, traders may now access their trading accounts in MetaTrader 4. They may choose between standard and ECN accounts. For ECN accounts, the spreads are much lower, but a commission is needed to enter trades. 

olymp trade mt4
try mt4

4: Wide Range of Chart Types, Indicators, and Advisors

Traders have access to the most-leveraged indicators and plotting tools to aid in their technical analysis. OlympTrade also introduced an Adviser. The automated analysis tool provides users with an extra edge when generating trading signals. There are multiple trading strategies as well. Traders may also purchase additional indicators and analytics tools from the in-platform store. 

5: Multiple Languages Olymp Trade

Accommodating the needs of its global user-base, Olymp Trade has been translated into multiple languages. 

6: Promotional Bonuses 

First-time subscribers access special offers. For instance, the current Olymp Trade OnPay Bonus rewards customers with up to 50% on their initial deposit amount.

50% Deposit Bonus

7: Experience-based Status Levels

Platform recognizes traders that stick with them. Amature traders may achieve advanced and expert status. Each tier comes with its own privileges; for instance, starters may only make trades worth up to $2,000. Expert accounts come with personal analytics, more indicators, and exclusive trading ideas. 

8: Highest Safety

Membership to the International Financial Commission carries indemnity insurance worth €20,000 for each trader. 

Next Steps

Olymp Trade is among the trusted brokers here at Trade-in.forex. Customers continue to enjoy its consistency, easy setup, modern-interface, and reliability, as well as access to Olymp Trade free deposit. For additional help, you may contact the support team or check their conditions privacy policy. 

Conclusion Summary table

Found in: 2014
Min. Deposit: $10
Demo Account: Available
Trading app: Android, iOS, PC
Regulation: Offshore Licence
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[Total: 2 Average: 3.5]

This post is also available in: Indonesia Português

  • Thank you for your review. But I do not think that Olymp Trade is a forex broker. I also want to note that the platform does not accept customers from many countries, including Europe, the United Kingdom, the United States, and so on.

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