Author: Jacob Bailey
Market Analyst
Jacob Bailey

Olymp Trade Review

Our Expert Rating
Accounts
9.4
Trades
9.6
Bonuses
9.8
Mobile
9.8
Banking
10.0
Features
10.0
Support
10.0
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Summary

Olymp Trade is a massive 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 education service supports their commitment to new traders. They are a category A broker of the International Financial Commission which gets awarded to those that are proven to be honest and reliable.

Risk Warning / Ad Disclosure

Risk Warning: The 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 risk 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.

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 massive 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. 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 opportunities. Another difference between Olymp Trade is their comfortable level of entry. Traders can start with a small $10 deposit with minimum trades as low as $1 which is excellent news if you're new to the world of digital options.

In this review, you will learn:

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

Risk Warning: The 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 risk 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

9.4
Account Types

Because Olymp Trade focuses on being user-friendly, they keep things simple, clean and easy to use. Whereas you might see a complicated list of accounts ranging from basic to gold, diamond or platinum offered by others, there are three 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 excellent 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 comprehensive 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 massive $5000 as well as the rate of return being boosted up to an unbeaten 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
French
Hindi
Indonesian
Malay
Portuguese
Russian
Thai
Turkish
Vietnamese
Chinese

Trade Types And Payouts

9.6
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, and these include Call/Put or High/Low options then there are Ladders and Pairs, Range, One Touch and Long Term. With Olymp Trade as there are 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 is the perfect chance for beginners to cut their digital options teeth. Just 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 seize 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

9.8
Bonuses And Promotions

Great news! Olymp Trade does generally not offer a standard bonus, but we have secured an exclusive introductory bonus that you must use to your advantage. We have managed to negotiate a new sign-up 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

9.8
Mobile Trading

With trading on the move being more critical than ever before, a mobile app, responsive website and accessibility have to be at the forefront of brokers features. 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 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

10.0
Deposits And Withdrawals

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

Depositing funds overall is simple although deposits using wire transfer will take longer than other methods. Crypto deposits are much more straight forward 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 request your withdrawal and funds will arrive back in your account or on your card within one day. Payments go 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 most significant cause of refusal is due to a lack of personal identification.

Special Features

10.0
Special Features

A distinctive 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. If you have a VIP Account, you can look forward to other perks 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.

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Customer Support

10.0
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 is 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. 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

9.8
Conclusion

Olymp Trade is a massive 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 education service supports their commitment to new traders.

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 pays 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 gets 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 shallow level of complaints.

Risk Warning / Ad Disclosure

Risk Warning: The 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 risk 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

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 was found to be entirely 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, 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 is 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 us since our launch in 2012. He has over forty 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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