OLYMP TRADE Review 2018

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OLYMP TRADEReview

OlympTrade Video Review

The OlympTrade brand is owned and managed by 2 separate companies called Smartex International Ltd. The former is based in Mahe, Seychelles while the latter is based in Nicosia Cyprus. Formerly registered and regulated by the Financial Market Relations Regulation Center (FMRRC) in Russia, OlympTrade is now a member of the Financial Commission. With their low minimum initial deposit requirement and free demo account upon sign up, this broker is an ideal broker for beginner traders to try their hand with minimal risks.

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OlympTrade Reliability – Is OlympTrade a scam?

For beginner traders, one of the most difficult things that they face is choosing a reliable broker. While there are plenty of brokers to choose, the magnitude of available brokers is what makes the task so difficult. Normally, the safest option is to pick a broker with a long operational history and regulated status. However, for newly established brokers such as OlympTrade, they lack a long operational history which potential clients can rely upon to see how reliable the broker is.  Fortunately for OlympTrade, they have managed to get by this stumbling block by successfully acquiring membership with The Financial Commission, an independent self-regulatory organization by FINACOM PLC LTD. As a member of the Financial Commission, OlympTrade’s clients can claim up to $20,000 in compensation in the event of fraud on the part of the broker.

Another example of OylmpTrade’s commitment towards their clients’ welfare is the investments that this broker puts into developing a user-friendly trading platform. The trading platform while simple to operate is considered cutting edge since it allows traders to access sophisticated trading tools that are normally for on leading forex trading platforms.

OlympTrade has also shown their commitment to meet all their clients’ trading needs by making their trading facilities accessible to everyone with just a $10 minimum deposit. In addition, there is also a comprehensive trading educational library which beginner and experienced traders can access to improve their trading skills. In our opinion, OlympTrader has shown that it is a reliable broker which traders can depend on in meeting all their trading needs.

Trading Platform

The trading platform that OlympTrade has provided their traders with is a proprietary platform. Being a web-based trading platform, no download is required. The design of the user interface is also easy on the eyes and simple to understand. The trading chart is located on the left side of the trading screen with the trade action buttons placed on the right side of the platform.  The chart comes with added features such as technical indicators and technical analysis. At the bottom part of the trading, screen contains the trading history enabling traders to have a quick overview of the market positions with just a single glance. For mobile traders, OlympTrade has also provided mobile trading apps which are compatible with iOS and Android-powered devices.

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Unique Features

In terms of trading tools, OlympTrade has provided ample tools and resources to help enhance their traders’ trading abilities. The educational section has plenty of materials to guide traders on how to trade successfully. There is also a free ebook, interactive tutorials, and webinars which traders can access if they want to learn more about trading.

Trade Types

In terms of trade types, OlympTrade is limited to only one type of option contract that is the Call/Put options.

Trading Accounts

As for the choice of trading accounts that are available at OlympTrade, the broker has provided 2 types of trading accounts, a demo account, and a standard trading account. The demo account is available to anyone who signs up with OympTrade. It comes with a virtual cash balance of $10,000 which is more than sufficient to test the trading platform with. As for the standard trading account, a minimum initial deposit of $10 is required. The amount is minimal and perhaps the lowest in the industry.

Payout Ratios

While the choice of option types and trading accounts are limited at OlympTrade, they do however manage to offer their traders a decent return on their investments. The maximum return that one can earn trading with OlympTrade is up to 80%.

Asset Index

Although OlympTrade doesn’t have nearly as many assets as most leading brokers in the industry, the number of assets that are covered by OlympTrade is still quite substantial. In total, OlympTrade featured 65 different types of assets for their traders to choose from.

Customer Support

For customer support, OlympTrade’s clients can get in touch with the support team through email or telephone. Live chat is unfortunately not available.

Pros

  • Comprehensive Trading Education
  • Excellent customer support
  • Proprietary Platform
  • Risk-Free Trade incentives
  • Very low minimum deposit

Cons

  • Lack trade types
  • Limited Assets
  • Not too many account options to choose from

Conclusion

Even though OlympTrade is considered a new broker, their ambition to be a top broker in the industry has led them to practicing the industry best practices with utmost dedication. This, in turn, has ended up with the broker a whole new level of quality service.

OLYMP TRADEOverview

Company Information

Broker DetailsInfo
Headquarters CountrySeychelles
Foundation Year2014
Publicly TradedNo

Deposit Options

Credit Card, QIWI, Skrill, Webmoney

Withdrawal Options

Credit Card, Neteller, QIWI, Skrill, Webmoney

Trading Account Options

Account TypeInfo
Min. Deposit$10
Mini AccountNo
Demo AccountYes
Premium AccountYes
Segregated AccountNo
Islamic AccountNo

OLYMP TRADE Trading Features

Suitable For

Trader LevelYes/No
BeginnersYes
ProfessionalsYes
ScalpingYes
Day TradingYes
Weekly TradingYes
Swing TradingYes
Social TradingYes

Customer Service

TimeYes/No
24 Hours SupportYes
Support During WeekendsYes

Customer Support Languages

English, Indonesian, Malaysian, Portuguese, Russian, Spanish, Thai, Turkish, Vietnamese

Trading Services

ServiceInfo
Educational ServiceYes
SignalYes

Supported Instruments

Instrument TypeYes/No
CurrenciesYes
CommoditiesYes
CFDsNo
IndicesYes
ETFsNo
StocksYes

OLYMP TRADEPromotions

Promotion infoOfficial Site
Welcome Bonus
Each new client can get a welcome bonus of extra 100% to the amount of replenishment. To get it, you need to deposit or €30/$30, either €100/$100 during the first hour after the registration.
Claim Now
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60 Minutes
In case, when the amount on the trader’s account has reached the minimum treshold, Olymp Trade is ready to support him by a cash bonus! If the client makes a replenishment above €30/$30 during first hour after zeroing, the company will accrue on his account the 100%-bonus.
Claim Now
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On-Pay Bonus
For every deposit above €30/$30, Olymp Trade accrues the bonus from 10% to 50% of the deposit amount. Thus, you can get additionally up to 2500 dollars/euro!
Claim Now
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OLYMP TRADEUser Reviews

Rate this broker
  • 5.0
    Nice and simple platform.
    Ajay
  • 4.0
    Olymp trade
    SIVA
  • 5.0
    Olymp trade platform
    Aman
  • 3.0
    The best
    Caleb
  • 5.0
    Olymp trade is good for traders who want to start with small investment
    Sanjiv
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