What is Olymp Trade?

Olymp Trade is a online investing and trading company. It allows you to trade in Fixed Time Trades, Crypto-currencies, Forex, etc.

It has an excellent trading platform and offers good conditions and profits.

Olymp Trade is one of the biggest platform in terms of clients and one of the most known.

It offers a Demo account with U$ 10.000 and deposits from U$ 10.

Read our complete and updated review to see if this is an honest platform where you can put your money and trade.

olymp trade platform on a mobile
olymp trade platform on a mobile

 

Here’s how we summarize Olymp Trade
olymp tradehttps://www.olymptrade.com
Established - 2014
Headquarters - St. Vicent and Grenadines
Regulating EntityInlustris Ltd. registration number: 25161 IBC 2018
Customer Service ChannelsLive Chat, Telephone and Email
PlatformOlymp Trade - Proprietary platform
Trading ChannelsWeb, Mobile (APP available for Android and IOS - Smartphone and Tablet)
Account TypesDemo, Real, Vip
Demo Account10.000 USD, free, unlimited, and rechargeable
Minimum Deposit10$
Minimum Trade1$
DepositsVisa, MasterCard, Skrill, Bank Transfer, E-Wallets
WithdrawalsVisa, MasterCard, Skrill, Bank Transfer, E-Wallets
Asset TotalsForex - 35 | Stocks - 13 | Indexes - 11 | Commodities - 6 | Total 65
Fixed Time TradesFixed Time Trades, Forex, and YOUR TIME
Overal Score96/100
OPEN ACCOUNTOPEN FREE ACCOUNT AT OLYMP TRADE

Olymp Trade and not Olympic Trade

Many people miss the name Olymp Trade and searches on Google for Olympic Trade, or even Olimp Trade. The real name of the platform is Olymp and not Olympic Trade.

If for some reason you find information on the wrong name, don’t worry, they are talking about this same platform.

And to be honest, I found Olimpic Trade a more commercial name and more easy to remember.

If you came here searching for the Keyword: Olympic Trade, or Olimp Trade don’t worry, there are many more, doing the same mistake. 😀

Attention Indonesia: Olymp Trade has changed the website to Indonesia. You need to register again with this new LINK.

How does Olymp Trade work?

First, you must create an account at Olymp Trade. It’s easy and free. Then choose the products you want to trade. Ideally, use one of the courses out there to stay prepared. Practice first in the demo account.

Is Olymp Trade reliable?

Yes, it is a regulated company with millions of customers around the world. It is one of the leading online trading platforms, with strong customer growth and international awards.

How to use the Olymp Trade platform?

There are several ways to use it. You can download the OlympTrade online trading app for mobile (iOS and Android), you can download the application for the computer or simply negotiate in the web browser. The platform is very simple and intuitive.

How to make money with Olymp Trade?

Learn to trade with an Online Training Course. Then practice on the demo account until you get consistent results. Then you need to work seriously and with discipline and will have positive results.

make money at olymp trade
make money at olymp trade

What are the best strategies for Olymp Trade?

There is no perfect strategy that never fails. There are several (see an example) that well used, allows you to obtain good profits. You must always learn your strategy correctly and respect the rules when using any strategy.

Read the full and up-to-date Olymp Trade review below. Know your advantages and disadvantages.

Olymp Trade is a trading platform that was founded in 2014, but only became well known in 2016. It is one of the Online Trading companies of the new generation, in the wave that followed the example of success set by IQ Option.

It has its own simple and intuitive platform. Deposits start at $10 and trade at $1. Only classic (Call/Put) trades are available.

Those who are familiar with IQ Option may be thinking this is a copy of it. It does have several similarities, but it has one big difference that I will discuss further on.

Olymp Trade has won an award in 2016: “Best options platform” from IAIR AWARDS.

Olymp Trade website is owned and managed by Inlustris Ltd. registration number: 25161 IBC 2018

The agent is Wallfort Limited; registration No. HE364695, registered at KPMG Center, 1-st floor, 1 Agias Fylaxeos Street, 3025 Limassol, Cyprus.

In September 2018, Olymp Trade was certified as a quality trading platform by an independent service Verify My Trade: VIEW LINK

Olymp Trade uses the quotes of the leading investment banks and proposes a weighted average price on the platform.

I WANT to TRY for FREE

Tips from our Professional Trader: 6 reasons to have 2 accounts

Do you know that you should work with more than 1 broker?
Check the 6 reasons why you should have account with at least 2 brokers:
  1. Each platform has its differences. If you try different platforms you may find those more suitable to your trading style.
  2. Each broker has his own payouts that keep changing during the day. If you want to open a trade and one offers 60% and the other 80%, you will choose the one with best payout, no?
  3. Sometimes the brokers close some assets, if you have just one account and you want to trade on that asset and it is closed, you will LOSE that trade, no?
  4. If there is an issue with your Broker’s platform, or they are updating it you’re not able to trade, unless you have another account with other broker.
  5. Deposits and withdraws. Brokers keep changing the deposit and withdraw methods, imagine you need cash fast and your withdraw system is closed at that moment on your broker, what do you do?
  6. Each platform has its owns indicators and trading tools, imagine you found a new stratey and it does not work on your broker because it uses an indicator that your broker does not offer.

Below you can find our main trader suggestions on brokers:

What is the best time to trade at Olymp Trade?

To find the best time to trade you need to take in consideration two situations:

The payout the platform is offering normally from 20h00 to 22h00 (London Time / GMT 0) the European market is closed, and the American market is about to close.

In that period, most of the brokers lower their payout. So, for that reason, it is not a good time to trade at Olymp Trade, or anywhere else.

When we have important news coming, it is not a good time to trade on the platform, since the markets tend to become very volatile and it can make some unexpectable moves. The best is to get out and wait about 1 hour.

Besides those two situations, it is your strategy that will say what is the best time for you to trade at Olymp Trade.

Most of the strategies are design to work better in some market conditions. So, you need to verify is the market has good conditions for your strategy to work.

Or, you need to find a strategy that works better in the market conditions you like, or at that time of the day, you are able to trade.

Olymp Trade Registration and Login

It is very easy to register with Olymp Trade.

You can register in a desktop and trade directly on the browser: LINK FOR DESKTOP

Or you can register directly in a Mobile device and download online trading APP and trade directly on your mobile phone: LINK FOR ANDROID | LINK FOR IOS

Olymp Trade Registration Process:

  1.  Your email
  2. A password
  3. Choose the preferred currency to trade
  4. Click to register.

This is what you need to open a free demo account.

Olymp Trade Login:

  • email
  • the password you have assigned to register a free account.

Olymp Trade Platform

The Olymp Trade platform is certified by the International Financial Commission (FinaCom) as a member of category A.

The Financial Commission grants traders protection for their account up to $ 20,000 if a dispute between a trader and OlympTrade is settled in favor of the trader (under conditions established by FinaCom).

The Olymp Trade platform is very simple and intuitive. Because it was designed for those who are learning to trade, or for those who prefer a light, simple, and clear platform.

The platform was developed by the company itself. I would say that of the existing platforms on the market, the one that most resembles Olymp Trade is IQ Option.

This is also a similarity that is a compliment because the IQ Option platform is one of the best on the market.

Watch the Olymp Trade video

Trading is done on the web platform. There is also a platform for mobile devices, smartphones, and tablets using Android and iOS apps.

One can trade with the Olymp Trade FIXED TIME TRADES accounts and Olymp Trade FOREX on the platform. These accounts are separate and have different interfaces.

An Olymp Trade FIXED TIME TRADES account is used to make two types of trading with Fixed Time Trades: based on trading time (from 1 minute to several hours) and expiry time (from 1 minute).

OlympTrade offers the type of Call / Put operations that is the classic and most used operation in Fixed Time Trades. This makes the platform and operations simple and light for customers. Therefore, I consider it to be a company essentially thought for new traders or for those who seek simplicity, as it has only the main trade types and the most traded assets.

An Olymp Trade FOREX account is used to open positions (expecting price to rise) or sale (expecting price to fall) from the current price, with unlimited duration of trading.

There is no spread (the difference between buying and selling prices) but there is a fee that you have to pay when executing trades or keeping them until the next day.

Like the IQ Option platform, it is complete in terms of indicators and setups that we can configure on the platform, and thus one of the best on the market.

Olymp Trade OFFER:

Opening an account and depositing at Olymp Trade using our referral link entitles you to Free Fixed Time Trades Online Training + 1 Month Free Signals.

Contact our team to confirm your registration at Olymp Trade. DO NOT DEPOSIT before confirming.

Do You already HAVE AN ACCOUNT? Contact us!

I WANT to TRY for FREE
olymp trade binary options signals
olymp trade Fixed Time Trades signals

Olymp Trade Platform: Special Features:

  1. Your time
  2. Trading on the weekend
  3. Closing open orders
  4. Pending orders

Check below each one of these features.

Your Time:

It offers “YOUR TIME” in Fixed Time Trades, that is, you choose your time, for example, 2, or 3, or 4 minutes, or whatever time you prefer. Very few companies offer the possibility of choosing the expiration time that you prefer.

When we open a 1-minute trade, it lasts exactly 60 seconds, while in IQ Option, for example, it ends at the end of the 1-minute candle. In practice, coming into a trade while the candle is running, we can never get exactly 1 minute, whereas here we can. And in 1-minute strategies, every second count.

However, Olymp Trade also offers the same expiration system as IQ Option offers, at the end of the candle. Therefore, if you prefer for your trade to end at the end of the candle and not 1, or 2, or 10 minutes from now, you can choose Time instead of Classic.

Expiration times at Olymp Trade range from 1 minute to 23 hours.

Trading on the weekend:

Another advantage that Olymp Trade offers is the possibility to trade during the weekend. For example, you can trade cryptocurrencies every day including weekends.

Closing Open Orders:

Imagine that the trade you opened is losing and the market continues to move in the opposite direction you intended. You can close your trade before the time ends. This way you do not lose 100% of your bet, but rather a smaller percentage of your bet.

Pending Orders:

You can leave orders pending, waiting for a price to reach a certain value, or for example when the news is announced, leave a transaction-ready for that moment.

Download several very useful and completely Free Files HERE

Olymp Trade Learning Tools

Olymp Trade has several learning tools, such as multiple videos and ebooks. To access the learning tools, you just have to open a Demo account at the Olymp Trade.

OlympTrade offers a free Demo account of $10,000 to practice without having to make an initial deposit. The demo account can be used without limitations and if you lose you can reload as many times as you want. This is relatively rare among regulated companies, and even rarer because there is no need to make a deposit to have the demo account.

However, Olymp Trade, like all the others, does not really have a training program that teaches you everything a beginner needs to know to achieve positive results in the long run. To obtain this necessary knowledge the ideal is to participate in a training program.

We have Free training programs for OlympTrade and for other companies.

To participate in the training programmes you need to be our affiliate (see an explanation of an affiliate above). SEE TRAINING PROGRAMMES.

Accounts and Bonuses at Olymp Trade

How to get a bonus deposit at Olymp Trade?

You just need to pick one the following codes below and use it when making a deposit at Olymp Trade:

30promo – Bonus deposit 30% – Any deposit value

wtjfm – Bonus deposit 50% – For deposits from, 200€ or 200$

How to use the bonus deposit codes in Olymp Trade platform?

At the time of deposit, choose the method, then the amount and then copy and paste the code in the space where it says Promo Code. See image below.

how bonus deposits works at olymp trade
how bonus deposits works at olymp trade

Olymp Trade offers 3 Account types:

In 2020 Olymp Trade changes the account types. Until 2019 the platform had Demo account, Real account and VIP account.

The new account types are now:

  1. Starter
  2. Advanced
  3. Expert

Olymp Trade Starter Account

  • This account includes a demo account that is a free demonstrative account in with $10,00o
  • The training account is a good tool to try and test the platform without risking losing real money.
  • The demo account should not be used as a basis for gains in a real account since there are differences between this account and a real account.
  • The account is 10,000 USD virtual and can be recharged.
  • The demo account is always active and we can always train on it, even after depositing into the real account.
  • No deposit is required to use the demo account.
  • Minimum deposit is U$ 10
  • Minimum Trade is 1$ and maximum trade is U$ 2000
  • Maximum number of open trades is 10
  • Access to trading signals
  • Maximum Payout is 82%
  • Several methods to deposit
  • Fast Deposit
  • Withdraws are fast and usually by the same method used in the deposit.
olymp trade account types
olymp trade account types

Olymp Trade Advanced Account

  • This account includes a demo account that is a free demonstrative account in with $10,00o
  • The account is 10,000 USD virtual and can be recharged.
  • Minimum deposit is U$ 500
  • Minimum Trade is 1$ and maximum trade is U$ 3000
  • Maximum number of open trades is 20
  • Access to trading signals
  • Maximum Payout is 84%
  • Several methods to deposit
  • Fast Deposit
  • Withdraws are fast and usually by the same method used in the deposit.
  • Access to a Personal Analyst
  • Access to free special strategies (7)
  • Private Webinars (1 per week)

Olymp Trade Expert account

  • This account includes a demo account that is a free demonstrative account in with $10,00o
  • The account is 10,000 USD virtual and can be recharged.
  • Minimum deposit is U$ 2000
  • Minimum Trade is 1$ and maximum trade is U$ 5000
  • Maximum number of open trades is 30
  • Access to trading signals
  • Maximum Payout is 92%
  • Several methods to deposit
  • Fast Deposit
  • Withdraws are fast and usually by the same method used in the deposit.
  • Access to a Personal Analyst
  • Access to free special strategies (15)
  • Private Webinars (3 per week)
  • Exclusive trading ideas
olymp trade account types features
olymp trade account types features

OlympTrade Deposits and Withdrawals

The methods for depositing at OlympTrade are varied, from the most common, such as

  • Bank transfer
  • Visa
  • MasterCard
  • Electronic Payments such as Skrill and Neteller, Qiwi, WebMoney, etc

In a few minutes, the money arrives at the account. (with Ticket takes 24 to 48 hours).

The withdrawals must be made by the same method that the deposit was made. Both deposits and withdrawals are fast. Depending on the account type and withdrawal methods, the withdrawal time is usually around 5 business days. The account must be verified with the necessary documentation for the withdrawal to be processed.

The minimum amount of withdrawal is $ 10 and Olymp Trade does not charge withdrawal fees, even if you make more than one per month. This is an unusual situation. Most companies charge fees or limit withdrawals.

Olymp Trade Complaints

Of course, there are some complaints, like all the big companies in the world that have complaints.

There are always dissatisfied customers, by one or another situation, some with reason, others without.

What I find out from the affiliates I have is that most of the complaints to OlympTrade are right.

Many of the claims against OlympTrade have to do with people losing their money.

But here too, what I see is people going to negotiate without knowledge, without courses, without enough practice.

Of course, it is normal to lose money under these conditions.

The demo account is different from the real account and it is not because they had some demo account results that are ready to be traders.

There are the emotional part and everything else that influences and without a specific course to operate at OlympTrade the person is not prepared to make money on a consistent basis.

Advantages and Disadvantages of Olymp Trade

OlympTrade is a trading platform like IQ Option, and therefore it is different from the more common companies.

Olymp Trade Advantages:

  • Minimum deposit of $10.
  • The minimum trade of only $1. For those who are just beginning trading Fixed Time Trades, trading with low values is an advantage.
  • Tournaments with cash prizes.
  • Free $10,000 demo account.
  • Platform with the ability to choose the trader’s own expiration time instead of the expiration times that normally exist.
  • Withdrawals without fees.
  • Free and Exclusive Training Programmes.
  • Signals for OlympTrade. The best Fixed Time Trades signals.
  • Support in more than 12 languages.
  • Deposit Bónus up to 100%

Olymp Trade Disadvantages:

  • Less variety of assets.
  • Limited Fixed Time Trades contracts to trade. Only classic Call/Put trades are available.
  • At certain times we can have payouts of 80% while at other times 40% in the same asset.
  • They do not have training (videos and webinars) in all the languages.
  • The regulations are not as strong as others who use CySEC, for example.

banner olymp trade 970

Here’s how we summarize Olymp Trade

OlympTrade is a good choice for anyone who wants to begin trading.

  1. It has a good platform
  2. Low deposits from 10$
  3. Trades from $1
  4. Zero fees on withdrawals
  5. Free Demo Account
  6. Bonus deposits
Olymp Trade: Are they SCAM or Not? 10 reasons to prove it!
Olymp Trade 4

Olymp Trade: Is this platform a Scam? What to know? How to avoid mistakes. FREE Material inside (Strategies, Signals) to prevent you to lose money.

Service Type: Financial Trading Platform

Currency: USD

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