Olymp Trade Review
Olymp Trade is an online trading and investment platform, connecting you to millions of traders around the world. Start earning money today!
This broker is not regulated in Europe or North America, but it is a member of the Financial Commission (FinaCom). FinaCom is an external dispute settlement organization that provides protection to customers up to EUR20,000 in financial disputes.
Offers a wide range of assets
Olymp Trade offers traders a broad selection of assets to trade, such as major currency pairs, indices, commodities, cryptocurrencies and stocks from leading companies like Apple, Microsoft and IBM.
The Olymp Trade platform offers extensive training and education for traders of any level of expertise. This includes video tutorials, chatbots, webinars on various topics. Furthermore, economic calendars and other tools are provided to help maximize your trading experience.
If you are new to trading, Olymp Trade provides a demo account with $10,000 so that you can practice before investing real funds. This is an ideal way for beginners to get started and learn the ropes without risking any money or expenses.
Olymp Trade offers a low minimum deposit of $10, so you can start trading right away with just that amount. Furthermore, their minimum withdrawal requirement is also $10 - this ensures you always have access to your funds no matter how much balance there is in your account.
One of the key advantages of Olymp Trade is its wide selection of asset types and markets. This gives you the opportunity to diversify your portfolio and benefit from different market conditions and trends.
Forex trading on Olymp Trade offers the advantage of making profits from various currencies and underlying assets. This mode can be particularly advantageous for traders with limited capital to invest, yet still want to boost their trading profits.
Leveraging is an invaluable strategy for forex traders who aim to maximize their gains. By purchasing a small portion of an underlying asset with a substantial investment, you can increase your potential earnings quickly and significantly.
The Olymp Trade team continuously analyzes the stock market and offers advice on which companies to invest in. This helps them make accurate predictions about a given company's future performance, so traders can make more informed decisions when trading.
Olymp Trade also provides a wealth of news and information to keep traders informed on major events in finance. This is especially useful for those without access to economic data or who fail to comprehend its significance for markets.
Offers a demo account
Demo accounts are an excellent way to learn about a trading platform's operations. They can help you avoid making costly errors by providing the opportunity to practice trading with virtual funds.
Olymp Trade offers a free demo account that lets you test out its trading platform without risking your own funds. Furthermore, you can hone your trading skills using various strategies and tools before beginning to trade with actual funds. Once satisfied, you may begin trading with real funds.
Demo accounts can be invaluable tools for both experienced and novice traders looking to hone their trading skills. In fact, it is highly recommended that all traders begin with a demo account before depositing real funds to trade with.
Registering for a demo account requires providing some basic information. After doing so, you will receive 10,000 virtual units of currency that can be traded to evaluate the platform's features and benefits. This will give you an excellent indication of how it functions and if it meets your requirements.
Signing up for a full account requires providing additional information such as your passport, photo identification and proof of residence. The broker may request this data during the verification process which could take up to five business days.
Selecting a reliable broker is an essential step in the trading process. A trustworthy broker will protect your investment, provide an accessible and trustworthy platform, and offer 24/7 support.
Olymp Trade is an esteemed broker that has been in the industry since 2014. It holds Category A membership with the Financial Commission and is certified by Verify My Trade, an independent audit firm.
Olymp Trade not only offers a vast selection of assets, but it also excels at customer service. It has an experienced team of professional support agents available 24/7 to answer queries and solve any problems that may arise.
The broker provides its members with a range of educational resources, such as webinars, analyst support and real-time price tracking and analysis. Furthermore, there's a blog that keeps customers up to date on market developments and trading strategies.
Offers a VIP account
Olymp Trade is an online trading platform that provides a selection of assets, such as forex and CFDs. Its website is user-friendly with educational materials for traders available. Olymp Trade accepts several payment methods including credit cards and bank transfers.
Olymp Trade is a reliable trading platform with superior customer service. As an A category member of FinaCom, it's protected by its own deposit insurance program which offers up to EUR20,000 in compensation if traders become victims of fraud or scam.
A VIP account comes with additional advantages, such as access to a personal consultant and complimentary analysis tools. This provides you with the opportunity to gain more knowledge about financial markets and become an even better trader.
Additionally, having a VIP account can help you reach your objectives faster than with a standard one. However, it is essential to remember that this account does not guarantee success and should only be used sparingly.
Additionally, VIP accounts are not suitable for beginners. It is suggested to start with a low deposit and make small trades until you become familiar with the system.
The minimum deposit is $10 and the maximum trading amount is $5,000 - making this ideal for new traders who want to get acquainted with the market without risking too much capital.
Additionally, it offers a flexible expiration time that gives you more control over your trades. You can select a shorter deadline or cancel any losing trade at any time.
Olymp Trade offers 24/7 customer support via email, live chat and phone. In addition, they provide expedited dispute resolution and deposit insurance in case you become the victim of fraud or scam.
To withdraw funds, visit the withdrawal page on your dashboard and input the desired amount. Click "submit", and the money will be sent back to your original payment method within 24 hours or less.
Although some users have reported issues with withdrawing their funds, these issues usually get resolved by verifying your account with the broker. Verifying involves providing ID with proof of your name on it as proof.
Offers excellent customer service
Olymp Trade is a global financial services provider that strives to provide its customers with top-notch customer service. Furthermore, it's a socially responsible broker that strives to make the world around it a better place through various initiatives.
Olymp Trade provides its users with access to an array of trading assets, such as currencies, commodities, indices and cryptocurrencies. Furthermore, they offer a free demo account so you can test strategies and build confidence before investing any funds.
Olymp Trade, as a member of the International Financial Commission, is dedicated to offering its clients superior service and prompt support when needed. It offers deposit insurance and comprehensive customer care as well as legal representation in case of disputes.
The Olymp Trade team is available 24/7 to support its users, whether they require assistance with a trade or want to talk about an issue they have encountered. Furthermore, the Olymp Trade team provides relief after natural disasters and other events that have negatively impacted the community.
Traders can enjoy the freedom to trade from their favorite devices, anywhere in the world. They can work on their trades while dining out, taking a train ride or relaxing by the beach.
Millions of traders around the world have chosen to trade with Olymp Trade, making it one of the most renowned trading platforms available.
Users have access to 186 assets across three trading modes: Forex, Fixed Time Trades and Stocks. With our Forex trading mode, users can multiply their profits up to 500x, while with Fixed Time Trades mode they gain even greater value from price movements.
Olymp Trade provides its users with a range of bonuses and promotions in addition to trading. These include cashback, XP and prizes for winning tournaments. They can earn additional XP and prizes by joining local groups on Facebook or other social media channels.