Olymp Trade Brokerage Charges
Olymp Trade does not provide a spread list. There are two types of accounts on Olymp Trade Brokerage:
- The Advanced Account
- The Expert Account
Key Features of Olymp Trade Brokerage
- Very Low Deposit Amount
- Zero Spreads
- Competitive Conditions
- You can use a Demo Account
Olymp Trade Commission or Brokerage Charges
Spreads are not added to orders in Olymp Trade. Although Olymp Trade does not publish a spread list.
Traders need a minimum deposit of $10 and a maximum of $5,000. Both the total amount of transactions and the number of open positions at once are subject to restrictions.
Traders in some financial instruments, such as forex, may incur fees if their holdings are held for longer than one trading day. To avoid confusion, Olymp Trade does not make any adjustments to your balance due to swaps.
Types of Olymp Trade Commission Plans
In 2014, Olymp Trade debuted on the options market. Since then, they have continuously developed new and enhanced existing features so that trading on the platform is effortless and profitable.
Olymp Trade is a broker with an international presence. Because of the wide variety of Olymp Trade Commission plans available, it is wise to compare brokerage fees and commissions before making a final choice.
Olymp Trade Commission Plans
| Account Type | Standard Account | ECN Account |
| Leverage | 500:1 | 500:1 |
| Initial Deposit | $10 | $10 |
| Commission | 0 | $4 Per Lot |
| Spread | 1.1 pips | 0.6 |
Olymp Trade Charges or Fees
Olymp Trade is among the few firms that do not charge fees for deposits or withdrawals from accounts. It means there are no olymp trade charges. The broker's internal capital meets such expenses.
Trade Fees:
The charge for conducting a Forex trade is based on the following factors:
- Market Situation
- Transaction Amount
- Market Situation
- Multiplier
Demo Account
Customers can test out the broker's website with unlimited free virtual trades via a demo account. This way, potential buyers can test the waters without financial risk. Every demo account starts with a false money sum of $10,000.
Does Olymp Trade Charges Commission?
Importantly, the broker does not charge commissions for trades executed on its platform using normal accounts. However, if a user does not conduct a transaction for 180 days, it imposes a $10 monthly fee.
So, we can conclude that other than the inactivity fee there is no other commission fee charged to the users.