Olymp Trade Review 2022 – Pros and Cons
You are going to read the most honest and in-depth article of Olymp Trade Review. Olymp Trade is an advanced platform and one of the largest online trading brokers since 2014. It has established itself as a trusted broker in many countries. It provides high-quality services, 24/7 support, trading lessons, and a free rechargeable demo account. The platform offers an opportunity to make actual trades in various instruments such as Forex and FTT (Fixed Time Trades), allowing newbies and professional traders to earn money.
Table of Contents
Olymp Trade Review – At a Glance
- Founded: 2014
- Regulation: The Financial Commission (FinaCom)
- Minimum Deposit: $10
- Minimum trade: $1
- Assets: 100+ Assets including ETFs, Stocks, Commodities, Indices, Currencies, Cryptocurrency
- Trading Platform: Custom
- Demo Account: Yes. Reloadable Demo with $10,000 USD
- Over 90% of withdrawal requests are processed in less than two days.
- USA & EU Traders: Not Accepted
- Seven years of impeccable service
- 60 million+ User Accounts
- $16 million Average Monthly Payouts
- 30 Million Monthly Transactions on the platform.
- $211 Million Monthly Trade Turnover
- 194 Countries Supported
- 7000 Issues Resolved Daily
- 13 Seconds Average Waiting Time on Support
- 14 Communication Languages
- Youtube: 220K Subscribers • 1K Videos • 22M Views
- Facebook: 1,000,000 people like Olymp Trade Page
Olymp Trade Broker
Olymp Trade is the 2nd largest broker in the industry with several international awards. It has gained popularity faster because of its innovative, unique trading platform. It is a 100% trusted broker when it comes to trust because it is a regulated broker by the Financial Commission. Because of its minimum Deposit and the minimum trading amount, Olymp trade has become a popular broker among the new traders. It has tons of Youtube subscribers and Facebook followers.
Olymp Trade Home Page
About the platform – Olymp Trade
The unique platform has made Olymp Trade exceptional. With many trading opportunities, this platform has the highest number of availabilities for traders. There are different charting types and more than 30+ indicators to help traders earn money. You can either trade from your mobile or your computer devices. The execution of trade is faster than any other broker, and it has a faster support system that responds within 13 seconds on average.
Olymp Trade Platform
How trustworthy is Olymp Trade?
In a word, Olymp Trade is a trusted broker. If you don’t violate their terms and conditions, you will enjoy trading with their broker. The Financial Commission regulates your money, so you are safe. There are a few complaints about them online, but most of them are unaware of their terms and conditions. They violate their terms, get blocked, and post complaints online about the broker.
Olymp Trade Review
Olymp Trade Trading Types
It supports fixed-time trading and Forex trading. Inside the platform, I got two types of trading, and you can adjust the time and trading types in the left menu on their platform. You can trade in Binary Options, Digital Options, and Cryptocurrency with this broker.
Olymp Trade Assets
Like any other broker, it supports multiple trading assets. The majority of the trading assets are available here. They are:
- ETFs
- Stocks
- Commodities
- Indices
- Currencies
- Cryptocurrency
Olymp Trade Indicators
SMA, EMA, WMA, Parabolic, Bollinger Bands
Donchian Channel, Ichimoku Cloud
Sentiment, Alligator
Zig Zag, MACD, RSI, Stochastic, DeMarker
Bulls Power, Bear Power, Williams,
CCI, Momentum, Awesome Oscillator, Trendline
Olymp Trade Demo account
Olymp Trade Demo and Real Account
Olymp trade supports a demo account with 10,000 demo money that you can reload anytime. You can practice in a demo account as long as you want before depositing real money in your account. Like other brokers, Olymp trade allows you to reload your practice as much you can, and there is no limit on this. You don’t need to pay to get a demo account, and it is free to create a practice account with your email address.
Beginner Opportunities
Olymp Trade has a lot of resources to learn to trade. You can trade in binary and forex in Olymp Trade as a beginner. Its unique broker and user-friendly platform have made it more attractive for beginners. Everyone can trade here without any obstacles. It is has a minimum $10 deposit and minimum $1 trading volume, which is fantastic for beginners. So I can say that it is a great broker to start with if you are a beginner in this industry. IQ Option is also a great broker to start. You can read the IQ Option Review here.
Olymp Trade Review: Regulation and security
Olymp Trade is a regulated broker by the most prominent financial regulation company Financial Commission (FinaCom). Since its journey, Olymp Trade has gained popularity and received many important awards, and the awards are essential for a broker to justify its acceptance.
Here are the Olymp Trade awards since 2014
- Financial Commission (FinaCom)
- Fastest Growing Broker – ShowFx World 2016
- Best Options Broker – Forex Expo 2017
- Best Financial Broker – CPA Life Awards 2017
- Best Options Trading Platform – Le Fonti 2018
Olymp Trade Regulation
Deposit and withdrawal methods
Deposit in Olymp Trade is easy and hassle-free. You can select your preferred deposit method to deposit here, and it is easy to withdraw. There are several popular methods to deposit. I am a big fan of Skrill personally, and I use this method to deposit and withdraw instantly.
Here are the deposit and withdrawal methods in Olymp Trade.
- Skrill
- Bank cards
- China UnionPay
- Perfect Money
- AstroPay Card
- Neteller
- Bitcoin
- Tether (trc-20)
- WebMoney
- Fasapay
- Ethereum
Olymp Trade Deposit Methods
How to deposit in Olymp Trade
To deposit in OlympTrade, log in to your profile and click on the Payments button located at the top right corner of your trading platform. Then select Deposit> Select Payment Method and Amount > Select Confirm.
Olymp Trade How to deposit
How to withdraw in Olymp Trade
Withdrawal is easy in Olymp Trade. You can withdraw anytime if you follow their rules. It would be best to verify to get your withdrawal without any problem. After verification, you can place your withdrawal. Generally, it takes one business day to process your withdrawal. To withdraw from Olymp Trade, click the Payments icon located at the top right corner > Select Withdraw, and you will be redirected to the withdrawal page of the broker. Then you can place the withdrawal.
https://blog.olymptrade.com/how-to-withdraw-money-from-olymp-trade/
Olymp Trade Verification
It would be best to verify the KYC in this broker to get a better trading experience. Verifying your Mobile and Email is effortless and timeless.
If you verify your mobile, you can turn on Two-Step Authentication to secure your account. You can submit your National ID Card and your proof of residence for further verification. Please note that your information is always kept safe and is only used for compliance purposes.
Here are all the required documents to complete account verification:
- Passport or a government-issued ID
- 3-D selfie
- Proof of address
- Proof of payment (after you have deposited funds into your account)
Olymp Trade Education
Olymp Trade has enriched its education section with hundreds of video tutorials. You can educate yourself with their step-by-step tutorial. Every tutorial is easy to understand, even if you are a newbie. No other broker has such a detailed tutorial like Olymp Trade. Please visit this link and navigate your preferred topic to access their tutorial.
https://plus.olymptrade.com/en/help
Olymp Trade Tutorial
Allowed and banned countries
All countries are allowed without some banned countries. A couple of countries are not allowed to trade in Olymp Trade due to regulatory issues. If you are not from the banned countries, you can trade in Olymp Trade. Please check the banned countries below:
Banned Countries:
Australia, Canada, the USA, Japan, the UK, the EU countries, Israel, the Russian Federation, Iran, Iraq, Korea, the Central African Republic, the Republic of the Congo, the Republic of Côte d’Ivoire, Eritrea, Ethiopia, the Lebanese Republic, the Republic of Liberia, the State of Libya, the Republic of Mali, the Republic of Mauritius, Myanmar, New Zealand, Saint Vincent and the Grenadines, the Federal Republic of Somalia, the Republic of the Sudan, the Syrian Arab Republic, Vanuatu, the Republic of Yemen, and Zimbabwe.
Supported Languages
Olymp Trade supports more than fifteen languages. You can use their platform with your local language and contact support, and you can use the following languages to communicate with your support person.
- English
- Bahasa Indonesia
- Hindi
- Tiếng Việt
- Русский
- ไทย
- Português
- Bahasaa Melayu
- Türkçe
- العربية
- Español
- Français
- 한국어
Olymp Trade Review: Customer Support
Olymp Trade’s support system is speedy. More than 7000 issues are resolved daily on Olymp Trade, and it takes 13 seconds on average to get connected with a support person. More than 14 languages are available to use when talking with a support person. The fastest support system has made their platform the best platform.
Why Olymp Trade is a good broker
Olymp Trade is a good broker because of its unique trading platform and regulation. It has a great support system for its users, and its Deposit and withdrawal system are also smooth. More than 90% of withdrawal is processed within 24 hours on average. It has a wide range of deposit and withdrawal methods, increasing its accessibility. Now you got that point why Olymp Trade is a good broker.
Olymp Trade Homepage
Olymp Trade Download
Olymp Trade supports both Mobile and Desktop devices. You can download Olymp Trade App from AppsFlyer. If you use a PC, you can get your Desktop version, and if you use an android device, you can get your android version. They have a particular version for your Huawei and Galaxy stores. If you use MAC Devices, a Mac version is available for it. Please follow the download link to download your preferred version.
https://olymptrade.com/download
Frequently Asked Questions:
Is the Olymp Trade Safe?
Yes. Olymp trade uses secured protocol SSL and advanced technology to save users’ funds with The Financial Commission (FinCom). So it is safe to trade in Olymp Trade. Make sure you are using their official website for any transaction. Don’t get scammed by any fishing site that looks like Olymp Trade.
Can I earn money from Olymp trade?
Yes, you can. If you follow a good trading pattern, you can earn money from Olymp Trade in the long run. Without a good trading pattern, you will wipe out your account quickly.
Is Olymp Trade gambling?
No. Olymp trade is not a gambling company. Olymp Trade allows two types of trading. Fixed Time Trade and Forex Trading. If you follow a trading pattern with good money management, you can be profitable in the long run. Without a good understanding of trading, any broker is equal to gambling.
