Author: Jacob Bailey
Market Analyst
Jacob Bailey

Olymp Trade Review 2019

Olymp Trade does NOT accept customers from United States.

We recommend you view our top rated US websites.

Olymp Trade Logo
  • US Traders
  • 70+ Assets
  • 1 Day Payouts
  • Mobile Friendly
  • Low Deposit
Demo: Licence:
Deposit Methods: Visa MasterCard Neteller Skrill
Risk Warning / Ad Disclosure

Risk Warning: The trading products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never trade money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

Olymp Trade Screenshot Olymp Trade Screenshot Olymp Trade Screenshot
Risk Warning / Ad Disclosure

Risk Warning: The trading products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never trade money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

Our Expert Rating
Overall
4.9
Accounts
4.7
Trades
4.8
Bonuses
4.9
Mobile
4.9
Banking
5.0
Features
5.0
Support
5.0

Introduction

Introduction

Olymp Trade is an established broker in the digital options marketplace having launched back in 2014. They are certified by FinaCom making them a trusted choice for any online trader. Their background is very much as an international broker with a seamless platform and packed education centre available in 12 languages.

With more than 25,000 people trading every day and around $171 million of monthly turnover Olymp Trade are a huge company in this space. Adding to the brokers prestige is an award cabinet to be proud of, including "Best Options Trading Platform" Le Fonti 2018. All things considered they are a grade A broker with a proven track record.

A solid offering of over 70 asset types including currency pairs, commodities, stocks, indices and crypto gives you plenty of opportunity. Another difference with Olymp Trade is their easy level of entry. Traders can start with a small $10 deposit with minimum trades as low as $1 which is great news if you're new to the world of digital options.

In this review, you will learn:

  • Why they're different to others in the market
  • The BinaryOptionsExpert.net exclusive reader bonus
  • How their easy to use platform makes them unique
Risk Warning / Ad Disclosure

Risk Warning: The trading products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never trade money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

Account Types

4.7
Account Types

Because Olymp Trade is focused on being user friendly they keep things simple, clean and easy to use. Whereas you might see a complex list of accounts ranging from basic to gold, diamond or platinum offered by others, there are 3 well managed choices. You can choose between demo, standard and VIP accounts. All of them are easy to sign up to and offer an excellent trading experience.

Demo Account

The Olymp Trade Demo Account is great for those wanting to get used to the platform, all you need to do is register and you can start using $10,000 of virtual money straight away. Demo accounts are a tried and tested way for first time traders to get used to trading or for those switching platforms and looking to familiarise themselves with the software.

Standard Account

You only need a $10 deposit to open this account offering you access to all the available assets, educational materials and analytical tools. You'll also have the opportunity to take advantage of returns of up to 82% which is a competitive offering. Maximum trade amounts are very respectable too at $2000 enabling you to trade freely. We love the standard accounts inclusive benefits and excellent rate of return.

VIP Account

Aimed at the more experienced trader, the VIP Account offers many exclusive benefits. Maximum trade amounts rise to a huge $5000 as well as the rate of return being boosted up to a profitable 92%. The account also has an extensive list of features including everything from the availability of risk free trades to a personal consultant and private webinars.

The VIP Account is a competitive and well structured account which is an excellent choice for the seasoned digital options trader.

Supported Languages
Arabic
English
Spanish
Hindi
Indonesian
Malay
Portuguese
Russian
Thai
Turkish
Vietnamese
Chinese

Trade Types And Payouts

4.8
Trade Types And Payouts

With payouts ranging from 82% to 92% with the VIP account they are very well placed within the market when it comes to profitability. The low entry and simplified systems also make it a very clean and seamless trading option.

Some brokers offer lots of different trade types, these include Call/Put or High/Low options then there are Ladders and Pairs, Range, One Touch and Long Term. This isn't the case with Olymp Trade as there is just two types of trades, the classic, tried and tested High/Low and 60 Second Options.

High/Low Options

With a manageable 70 assets to trade with and a minimum of $10 deposit it really is the perfect chance for beginners to cut their digital options teeth. Simply choose your asset, currency pairs, gold or silver, and start trading. Correctly predict whether the asset will rise or fall by the expiry time and you could be seeing lucrative returns.

60 Second Options

60 Second Options are as the name suggests, 60 seconds or one minute expiry times so you don't have long to spot and cease the moment. Making these trades means things happen very quickly including making a profit, if you have the right strategy.

We’ve negotiated a new trader bonus which means they will double your deposit!

Bonuses And Promotions

4.9
Bonuses And Promotions

Great news! Olymp Trade do not normally offer a standard bonus but we have secured an exclusive introductory bonus that must not be missed. We have managed to negotiate a new trader deal which means they will double your deposit! All you need to do is make a deposit in your live account within an hour after registration and get +100% of your deposit, free.

We know that because of their very affordable deposit level, excellent trading platform, free education centre and competitive rate of returns that they probably don't need to offer bonuses to get people trading with them but we wanted to secure one for our readers anyway.

Mobile Trading

4.9
Mobile Trading

With trading on the move being more important than ever before, a mobile app, responsive website and accessibility has to be at the forefront of a brokers offering. It is no longer enough to have a good desktop site and trade off reputation. So many criteria have to be met and being able to keep up with technological developments is one of them.

Launching in 2014, Olymp Trade definitely understood the importance of mobile technology and have been able to build a modern, seamless platform. Their mobile platform is responsive and there are bespoke mobile apps for both Android and iOS available from Google Play and the Apple App Store for those who prefer apps to browser trading.

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Deposits And Withdrawals

5.0
Deposits And Withdrawals

Like most brokers the main methods of depositing funds includes the use of credit and debit cards, bank wire transfer and other e-payment solutions such as Skrill and Neteller. Customers can also deposit using the latest Cryptocurrencies such as Bitcoin.

Depositing funds overall is easy although deposits using wire transfer will take longer than other methods. Crypto deposits are much simpler and as we found, slightly faster. All deposits are free and with a deposit amount of only $10 required to open an account it is a service that is accessible to all.

To withdraw funds simply request your withdrawal and funds will arrive back in your account or on your card within 1 day. The withdrawals are usually sent to the same source that you used to fund the account in the first instance. Please make sure your trading account is fully verified to avoid any withdrawal problems. This broker told us the biggest cause of refusal is due to a lack of personal identification.

Special Features

5.0
Special Features

A great special feature of Olymp Trade comes in the form of its packed education centre. With 56 webinars together with 20 strategy and trend lessons as standard there is a wealth of information on offer. This is boosted even further if you have a VIP Account, with the addition of one-on-one training lessons and private webinars.

The Demo Account is available to anyone that registers on the site and the $10,000 virtual money is there for traders to use to practise trading and get used to the dos and don'ts. The addition of our exclusive bonus if you join these guys makes their offering even more attractive.

Customer Support

5.0
Customer Support

Most options brokers offer varying levels of support from a virtual live assistant to a full menu of options to choose from including, emails, telephone numbers, support forums and more. Olymp Trade are no different, they have a strong support system in place and support is available by phone, via email or by live chat.

They offer helpful customer support 24/7 in 8 languages, so it's highly likely you'll be able to speak with someone who fully understands you no matter where you are from. Throughout our review process we had no problems or difficulties contacting the various support departments.

Here are the contact details for Olymp Trade:

  • Email - support-en@olymptrade.com
  • Phone - +27 211 003 880
  • Address - Smartex International Ltd, Suite 305, Griffith Corporate Centre P.O. box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines

Conclusion

4.9
Conclusion

Olymp Trade are a huge player in the digital options marketplace and their seamless platform and competitive rates of return are excellent. Their minimum $10 deposit and $1 trades means that the service is accessible to anyone who wants to trade and their encouragement to new traders is supported by their education service.

For the more experienced among you there is the VIP Account, which boosts the rate of return further and the maximum trade amount as well as offering lots of special features. Olymp Trade pay out over $9 million per month to traders in several countries around the world. They are a category A broker of the International Financial Commission which is only awarded to those that are proven to be honest and reliable.

Essentially, they tick all of the boxes of a trustworthy digital options broker including offering trader protection, backed by the IFC of up to $20,000. Following our thorough Olymp Trade review we found no warnings to imply this broker is a scam and we found a very low level of complaints.

Risk Warning / Ad Disclosure

Risk Warning: The trading products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never trade money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

Frequently Asked Questions

Olymp Trade FAQ

Is Olymp Trade legit, will they scam me?

Any digital options broker that we recommend is always checked and vetted by our experienced team and Olymp Trade were found to be completely legitimate.

Do they have a decent mobile or tablet app?

Any good broker needs to ensure that they have a decent mobile platform. Here is no exception, both their website and app are easy to use on all handheld devices.

What bonus do they offer for new traders?

We have negotiated an exclusive bonus with Olymp Trade, make a deposit in your live account within an hour after registration and they will double the amount.

Can I start trading on a free demo account?

Yes, they offer a demo account to all registered account holders with the ability to trade up to $10,000 of virtual money.

What's the minimum deposit and trade amount?

Olymp Trade are one of the few brokers that offer a minimum deposit of $10. Minimum trades of $1 are accepted making this broker stand out.

Meet The Author
Jacob Bailey
Jacob Bailey
Market Analyst

Jacob has been an author for Binary Options Expert since our launch in 2012. He has over 40 years’ experience in the financial sector and has held a variety of positions within financial services corporations and venture capitalist organisations. Learn more.

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