Olymp Trade has been a leader in the binary options trading industry since 2014. With their high level of customer service and very competitive returns, Olymp Trade has been growing as a trustworthy binary options trading platform. In addition to binary options, this broker also offers forex trading on the industry-leading MT4 forex platform. Let us give you an extremely detailed report all of the features, reviews, and security of Olymp Trade.
Olymp Trade Platform Details
|Regulation||International Financial Commission (IFC)|
|Minimum Initial Deposit||$10|
|Minimum Per Trade||$1|
|Demo Account||Yes, with $10,000 preloaded|
|Option Types||Binary Options|
|Asset Coverage||Forex, Cryptocurrencies, Stocks, Indices, Commodities|
|Payment Methods||Visa, Mastercard, Neteller, Skrill, Bitcoin, WebMoney, Fasapay, ePayments, and more|
|Trading Platforms||Web, Android, iOS|
Olymp Trade – Company Info
Olymp Trade has been operating since 2014 and accepts international traders. The broker’s website belongs to and is managed by Inlustris Ltd., with the business address:
1st Floor, First St Vincent Bank Ltd Building, James Street, Kingstown
Their HQ is Wallfort Limited, with address at:
KPMG Center, 1st Floor, 1 Agias Fylaxeos Street, 3025 Limassol, Cyprus.
These companies are fully legal and officially registered with the proper financial services license.
More than 25,000 users are trading every day on the platform and the number is rising constantly. As an international broker, traders will get international support in over 10 languages.
Major Characteristics of the Olymp Trade Platform
Profit: Up to 92%
Customer Support: 24/7 phone, chat, and email
Is Olymp Trade a regulated company?
Olymp Trade is a fully regulated binary options and forex brand. They are regulated by the International Finance Commission (IFC) since 2016. Many major Forex platforms are also regulated by IFC, so this is significant. Olymp Trade is certified with category “A” rating, which implies absolute safety and security for traders.
Category “A” means that the Financial Commission guarantees a monetary compensation up to 20,000€. The funds of traders are backed up if something grave happens or the broker or their bank goes bankrupt. The Financial Commission backs and guarantees this amount for all traders. Olymp Trade is a member of this commission to provide safety and security to online traders.
All in all, here are the benefits to traders because Olymp Trade is a regulated company:
- Regulated by the International Finance Commission
- Approved trading technology
- Verified execution of trades
- 20,000€ compensation fund for each trader
Free Olymp Trade Demo Account
As a transparent broker, Olymp Trade offers a free and unlimited demo account for its traders. Everyone can use this account and there is no need for a deposit of real money. Traders can use the platform without risk and also try new strategies of trading.
The demo account is filled up with $10,000 and you can change with one click between the demo account and live account. It is very important to obtain knowledge about the trading platform and the financial products before you deposit real money. The demo account is the best way to improve your trading skills and become a real trader in just a few hours.
Advantages of the demo account:
- $10,000 balance
- Free and unlimited
- Switch between real money and demo account with one click
- Fill up the balance again yourself
How to deposit on Olymp Trade?
Alright, once you have mastered the trading screen and you feel comfortable with your trading strategy, to deposit real money on the platform you can use a wide range of payment methods. It always depends on your country of residence which payment methods are accepted, but the minimum deposit is only $10 USD (or the equivalent in your currency). If your credit card is in another currency, please don’t worry, you can use it. You will only be charged the equivalent of $10 in your own currency.
Deposit methods for $10 minimum deposit:
- Credit Cards (Visa, Mastercard, etc)
- Neteller, Skrill
How to successfully withdraw your earnings on Olymp Trade?
For the withdrawal, you can use the same methods as the deposit. Just go into the account dashboard and click on “Withdraw”. Most withdrawals are processed within 24 hours!
The Olymp Trade Platform – Conclusion
Olymp Trade offers very good trading conditions for trading binary options and forex on one platform. The software is professionally designed and easy to use for both beginners and advanced traders (MT4). You can customize the chart for different strategies as you like. Another advantage of the broker is that you can start trading with a small deposit of just $10, and the minimum investment per trade is only $1.
Our test result and review says that Olymp Trade is one of the best brokers for trading options and forex. On this page we showed you all details and functions of this broker. Now you have a good overview of the platform and know why you should consider Olymp Trade to complement your trading lifestyle and earn a steady stream of income.
If you want to begin your trading career at the trusted Olymp Trade platform, click [here] to get their risk-free DEMO account with $10,000 preloaded.