Olymp Trade Review 2021

Olymp Trade Review 2021

Davis J.
Robertson A.
March 2021
Analysis of the Main Features of this Binary Broker

3.2

Overall rating

4

/10

Execution of orders

3

/10

Investment instruments

2.6

/10

Withdrawal speed

2.9

/10

Customer Support work

2.7

/10

Variety of instruments

4

/10

Trading platform

7

Position
in rating

Trading terminals:

MetaTrader4
7

Position in rating

3.2/10
Overall rating

Trading terminals:

MetaTrader4

Attention!

Due to the large number of negative reviews about this company and because it occupies the low position of number 20 on our Ratings List of Forex brokers, the Traders Union does not recommend cooperating with this broker.

Instead, our experts strongly advise you to select a brokerage from among the Top 5 on our objectively ranked list:

Summary of OlympTrade Trading Company

The Olymp Trade brokerage company was founded and licensed in April 2012. The company launched a mobile version and an app in 2013. The broker founded Olymp Trade Academy and began providing binary options services to traders in March 2015. The company has over 10 awards including 3 international accolades. It is regulated by the International Financial Commission (IFC).

Attention!

Open an account with Olymp Trade directly through the Traders Union website to cooperate with the Traders Union and earn extra money while you trade.

👍 Advantages of trading with OlympTrade:

  • convenient platform interface;
  • low minimum deposit of $10;
  • beneficial trading conditions.

👎 Disadvantages of OlympTrade:

  • few trading instruments;
  • no tournaments or contests for traders;
  • delays when withdrawing funds;
  • few deposit and withdrawal methods;
  • no investment programs;
  • only two trading platforms;
  • different trading conditions for different assets.

Overall

Olymp Trade broker is focused on providing clients with binary options and is perfect for both novice and professional traders.

Visit OlympTrade

Olymp Trade Latest Comments for 2021

10
2
3

The reviews by customers of the OlympTrade indicate that it is a reliable brokerage company. Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of OlympTrade published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.

I have been trading binary options for over three years and have worked with many brokers. I consider Olymp Trade one of the best binary options brokers. The company’s proprietary trading platform has a simple and user-friendly interface and even the most inexperienced trader will be able to use it. I switched to Advanced status a long time ago. Their deposit is considerable, starting from $500. But the profitability of transactions reaches 84%. Also, the broker provides 2 assets with increased profitability. Olymp Trade is licensed and there are no problems with withdrawing money. What else do you need to trade successfully? I definitely like it here.

Olymp Trade is a reliable broker with first-class service. The terminal always works well and orders are opened and closed very quickly. There is no freezing up and quotations and charts are displayed correctly. In general, I have no complaints about the technical aspect of the broker. I trade options here, but I heard that others make money through Olymp Trade on Forex. I can’t judge how profitable their trading is but I not only earn consistently but also withdraw funds without any problems. By the way, the broker compensates clients for all non-trading commissions for depositing and withdrawing money, so trading here is really profitable.

When I just opened an account with Olymp Trade, I traded currency through MT4. I cannot say that my income was high. Trading conditions depend on the selected asset, for example, the leverage is not fixed and ranges from 1:1 to 1:500. I decided to change my tactics and started trading binary options, and the profit immediately increased. Of course, I do not close all orders with a plus, unprofitable trades happen as well. But it’s no broker’s fault: the terminal always works well, execution is instant and the quotations are accurate. I have withdrawn money many times. There are many electronic payment systems, but none of them charge a commission for withdrawal.

Olymp Trade has become my first and last binary options broker. Even when I was just starting, I was struck by the huge variety of training materials on fundamental and technical analysis, money management, and trading psychology. All of them are written in simple language, so it was not difficult to study them. Over the past 2 years, I have learned to trade and now I receive a stable income in the range of $100 -150 per month. It is a pity that Olymp Trade has no investment programs. It would be great to receive additional passive income on various kinds of investments. But for now, what the broker offers is enough for me.

The Olymp Trade website has excellent training materials. Their webinars are worth your attention and at this stage, they help me to raise my level of professionalism. By the way, you can contact the company’s analyst, not only by email but also by Skype or phone. Trading is available even if there is only $10 in your account, and the payout percentage is quite high. When replenishing, money is almost always credited to the account instantly and the service here is first-class. So far, I do not plan to change Olymp Trade to another broker.

I chose Olymp Trade upon the recommendation of my friend. I trade not only binary options, but also Forex, so this broker is not that good for me. In general, the conditions here are excellent for trading options. However, investment offers are just a disaster. There are no trust accounts. There are no ready-made investment portfolios either. I think Olymp Trade is only suitable for those who trade binary options. Those who prefer Forex need to choose another broker.

In addition to favorable trading conditions, Olymp Trade provides expert analytics and daily trading signals. Here you can trade from STP and ECN accounts and the order execution speed is always high. I trade through the MT4 platform using automated advisors. I cannot say that my income is always high, but at least it is quite stable. Technical support always responds quickly and money is withdrawn within 2-3 days. So far, I like this broker. I hope that the situation does not change for the worse, as it happened with many other companies.

2 3 >

Video Review of OlympTrade

Expert Review of OlympTrade

Olymp Trade brokerage company has been providing its services in the options market for only a short time, but during this time it has proved itself as a promising broker. The company is actively working to provide its clients with the most convenient trading conditions like an intuitive interface of the trading platform, no commission for depositing and withdrawing funds, low minimum deposit, and round-the-clock multilingual support.

Olymp Trade provides a comfortable working environment for both professional and novice traders. The company has obtained hundreds of good reviews. First of all, clients are satisfied with a simple registration process, a small deposit, and the convenient proprietary terminal. Slippage and freezing are practically non-existent on the trading platform. Negative feedback about the company is associated with the lengthy withdrawal of funds.

The support service is ready to help with this and any other problems twenty-four/seven. The average duration of a response to a client's request is up to 15 seconds, which makes it possible to name the Olymp Trade broker's support service one of the most efficient. Customer support service responds in 10 languages.

At the moment, this brokerage company holds a leading position among the companies offering traders to earn on binary options.

Antony Robertson

Traders Union
Financial Analyst

Analysis of the Main Features of this Binary Broker

3.2

Overall rating

4

/10

Execution of orders

3

/10

Investment instruments

2.6

/10

Withdrawal speed

2.9

/10

Customer Support work

2.7

/10

Variety of instruments

4

/10

Trading platform

Dynamics of the Popularity of OlympTrade
in 2020 among the Users of the Traders Union

Dynamics of the Popularity of OlympTradein 2020 among the Users of the Traders Union

Investment Programs, Available Markets and Products of the Broker

The Olymp Trade broker is focused on active trading and does not offer any investment programs.

Important!

If you are a large investor and plan on investments over $ 10,000, contact us at [email protected] by the feedback form on our website. Our professional team will take you through all the intricacies of thedeal and all the steps from signing up to withdrawal of profits.

Olymp Trade affiliate program

Become a member of the referral program to earn passive income in Olymp Trade without trading in Forex.

The broker offers only one partnership option. To become a member of Olymp Trade affiliate program, just go to the broker's home page, click on the "Become an Affiliate" button and go through a short registration procedure.

You will get a personal referral link and promotional materials in the form of banners, logos, videos, and strategies from Olymp Trade. You’ll distribute these materials online and thus attract new clients to the company and earn a percentage of their income from trading. On average, a partner earns 50-60% of the profits of the invited trader.

The Olymp Trade referral program is outstanding with its convenient and simple registration system so that anyone who feels like it can associate himself with a partner.

Rebate and Discount Programs of the Traders Union for OlympTrade

Traders Union clients daily get additional payments (rebates) for trading in Olymp Trade; these payments could be withdrawn immediately and without limits.

This does not affect the working process: the trader still opens and closes orders, replenishes the deposit, and withdraws the funds earned. Partnership with Traders Union gives you an additional bonus in the form of payments for trading.

Information

Olymp Trade pays 50% of its net profit to Traders Union, 80% of this amount goes to the client.

Example. Trader opens 1 transaction per every 3 days. Thus, he opens 10 orders per month. The commission size for one full lot is $10, and for 10 transactions the trader pays the broker a commission of $100. If a trader works with Olymp Trade through Traders Union, a part of this amount, namely 80% of 50% of the broker's profit, gets refunded to the client. For example, $100*0.5*0.8 = $40 is the additional payment amount from the Traders Union to the trader.

Try it!  You’ll like this!

Trading Conditions for OlympTrade Users

There is a low minimum deposit required to start trading, only $10. The Olymp Trade proprietary trading platform has a simple and convenient interface that even the most inexperienced trader can navigate.

The leverage at Olymp Trade is not fixed and depends on the asset type. Detailed information on each asset is available on the broker's website.

The broker is focused on providing services to both professionals and novice traders. The company provides free access to training materials to improve the skills of its clients. You can also find here text materials on fundamental and technical analysis, money management, and trading psychology. The training base also includes webinars, the total duration of which is 296 hours.

If you have any questions or problems, you can contact the support service at any time of day or night by calling, messaging in chat, or e-mail. Olymp Trade specialists work twenty-four/seven to respond to clients in 10 languages. Moreover, in the "Help" section of the personal account on the Olymp Trade platform, you can ask a question to a specialist, order a callback from an analyst, or find answers to frequently asked questions.

$10

Minimum
deposit

From 1:1 up to 1:500, depending on the asset

Leverage

24/7

Support

MetaTrader4
Trading platform: Proprietary platform and MetaTrader 4
Account types: Demo, Real, MT4
Account currency: EUR, USD
Replenishment / Withdrawal: Visa and MasterCard bank cards, electronic payment systems Neteller, WebMoney
Minimum deposit: $10
Min Order: $1
Instruments: Currency pairs, cryptocurrencies, stocks, indices, commodity assets
Mobile trading: Yes
Affiliate program: Yes
Trading features: Binary options
Contests and bonuses: Yes

Comparison of OlympTrade with other Brokers

OlympTrade IqOption Binary.com ExpertOption Binomo
Trading
platform
Webterminal IQ Option Webterminal Digital-options private trading terminal
Min deposit $10 $10 $5 $50 $10
Trading
instruments
currency pairs / CFD, oil, BRENT grades, gold, silver Forex, goods, indexes, stock indexes, Forex, goods, stock, random index no indexes, stock, currency pairs / CFD, goods
Signals Yes Yes No No Yes
Analytical
support
Yes Yes Yes No Yes
Training Yes Yes Yes No Yes
Additional
tools
Cancelling of an option prior to the beginning of its action Return of the fixed percent from deal at the unsuccessful forecast premature closing No No

Broker comparison table of trading instruments

OlympTrade IqOption Binary.com ExpertOption Binomo
Forex Yes Yes Yes No No
Metalls Yes Yes Yes No No
Crypto Yes No No No No
CFD No Yes Yes No No
indexes Yes No No No No
Stock Yes No No No No
ETF Yes No No No No
Options Yes Yes Yes Yes Yes

Commissions & Fees OlympTrade

Information

Olymp Trade was verified by the Traders Union specialists for trade and non-trade commissions. The spread set by the broker is considered as a trading commission, additional fees for depositing funds or for withdrawing them are considered as a non-trading commission.

Account type Spread (minimum value) Withdrawal commission
Real Depending on the transaction amount and leverage No

Also, the broker's trading commission size was analyzed and compared with the indicators of competing companies such as Binomo and Binarium. According to the analysis, the fees were divided into three categories: low, medium, and high.

Broker Average commission Level
OlympTrade $5 High
Binomo $2 Medium
Binary.com $0 Low
OlympTrade
$5
Binomo
$2
Binary.com
$0
Conclusion

The Olymp Trade brokerage company sets a high commission for all trade participants. The commission may vary depending on the transaction amount and the leverage provided for a specific asset. There is no non-trading commission for depositing and withdrawing funds from the broker.

Detailed Review of Olymp Trade

The Olymp Trade brokerage company is relatively new on the market: it has been providing binary options services since 2015. In the very first year of active work, Olymp Trade was recognized as one of the most popular trading platforms. The company is in a process of providing traders all over the world with the most profitable and comfortable trading conditions.

Olymp Trade is a member of the International Financial Commission (IFC). IFC also regulates the broker's activities, ensures the interests of clients, and monitors the company's compliance with all requirements. If Olymp Trade defaults on an obligation to its clients, the broker shall be deprived of accreditation to provide financial services.

A few figures that could be interesting for traders choosing a broker:

  • Over $1 million paid out to clients;

  • 3 years of successful operation on the options market;

  • 3 international awards;

  • 5 minutes to open an account with a broker;

  • $10 is the minimum deposit amount;

  • The support service responds to customers in 10 languages;

  • Users automatically get $10,000 deposited into their demo-account after registration;

  • 16,000 clients actively trading in options;

  • qualified support service works twenty-four/seven;

  • over 60 trading instruments for traders;

  • there are over 296 hours of all training videos.

Olymp Trade offers binary options for novice and professional traders

Olymp Trade is one of the leaders in the binary options market in the world. The broker provides its clients with comfortable and profitable trading conditions, regardless of their trading experience. The company makes binary options budget-friendly.

The advantages of this broker are a minimum deposit of $10, which can be afforded by any novice trader, and also a simple registration system. All you need to get started is 5 minutes of your time to register. Verify your account using your phone number and email.

The company offers clients STP and ECN accounts. It means that all customer transactions are sent directly to the interbank market and there are no intermediaries in the trading process. These types of accounts require a high order execution speed and asset liquidity. It is also worth noting the platform's convenient interface, its stable operation, and the speed of transactions. You can set up one-click trading in the terminal if required.

The broker has prepared a "strategies" section for inexperienced traders, where you can get acquainted with the most effective and common trading strategies. Olymp Trade also allows the use of automated trading programs (advisors, indicators, etc.), which you can install on the MT4 platform on your own.

Advantages:

1

quick and easy registration procedure; The process will take no more than 5 minutes.

2

intuitive interface. The Olymp Trade platform makes things better as much as possible for comfortable work;

3

the low minimum deposit is only $10. Everyone can try a hand at trading;

4

A variety of training materials and analytics is available. Olymp Trade provides information for advanced training for both experienced and novice traders;

5

there is no commission for funds withdrawing and replenishing. The broker undertakes all the payments to banks and electronic payment systems;

6

trading can be carried out both on a PC and on a mobile device. To trade, you just need stable Internet access;

7

there are practically no delays in the trading terminal operation;

8

support service works twenty-four/seven and responds in 10 languages;

9

Forex trading with Olymp Trade is available daily, including on weekends;

10

a large number of additional materials: daily and weekly reviews, trading platform news, lifestyle, money management, and trading psychology.

How to Start Making Profits — Guide for Traders

Go to the broker's official website and open a personal account to start working with Olymp Trade. The broker offers clients three types of accounts — demo, real, and an account for the MetaTrader 4 platform. You can replenish the deposit of each of the accounts using bank cards and electronic payment systems.

Types of accounts

Account Type
Description
Demo-account
A demo account can be used by both novice and professional traders. This is the best way for a novice trader to train and get experience in trading. Using a demo account, a professional market participant can test new trading styles and strategies and to identify the most effective and profitable ones. There is no need to invest a cent to start working on such an account. Moreover, immediately after registration you will get $10,000 on a demo account and can use them for educational purposes.
Real account
This account provides the same options as the demo account. The only difference is that it allows you to earn and lose money. One of the following shall be assigned after registration: Starter, Advanced, or Expert. Each has its own advantages. After a real account registration, you can change your account status by depositing the minimum amount for the status selected.
Starter
The status is intended for novice traders. Make a minimum deposit of $10 to get started. If required, this amount can be increased but you need at least $10 to start trading. The maximum profitability is 82%, the maximum number of open transactions is 10, and the maximum transaction amount is $2,000. You’ll have access to basic training materials.
Advanced
This status is perfect for traders who have experience in trading. Replenish a deposit of at least $500 to activate the status. The transaction's profitability could be up to 84%, and you will be provided with 2 assets with higher profit margins. On such an account, you can open not more than 20 transactions and the maximum transaction amount is $3,000. Except for basic training materials, you’ll have access to 7 unique trading strategies, 1 personal analyst consultation per month and access to 1 private webinar per week, and access to tailored material.
Expert
This status is intended for professional traders. To open it, replenish a deposit for $2,000 or more. The order margin is up to 92%; the client is also provided with 6 assets with higher profit margins. You can open up to 30 orders with the Expert status. The maximum transaction amount is $4,000; Additionally, you will get access to all closed training materials, trading signals, and also have 1 consultation from a personal analyst, access to 3 closed webinars per week, 15 unique trading strategies, and exclusive trading ideas.
Account for МТ4
This account is intended for users who prefer standard Forex trading over binary options. The registration process is in no way different from opening a real account, but you will use MetaTrader4 as the trading platform.

Bonuses Paid by the Broker

The brokerage company offers all registered clients to use the bonus. You can increase your capital twice after opening a real account. Just replenish your deposit for an amount over $10. You can get a bonus within one hour from the moment of opening an account. Any amount deposited shall be automatically increased and can be used for trading.

Olymp Trade Bonuses - Deposit Bonus
Olymp Trade Bonuses - Deposit Bonus

The broker does not have contests and trading tournaments.

Bonus from Traders Union.

You can get an additional financial reward in the form of a rebate when cooperating with Traders Union. Opening an account on the Traders Union website will get you 80% of the broker's affiliate payment.

Investment Education Online

Information

Olymp Trade Company helps traders to improve their skills. The broker also provides clients with the "Training" section, which contains 296 hours of training materials.

Information available in the "Training" section
Information not on the Olymp Trade website
Recordings of webinars and announcements of upcoming lectures
Trader's glossary
Tutorial articles
 
Analytical materials
 

To enhance training efficiency, it is recommended to apply the knowledge acquired in practice using a demo account simultaneously with studying the theory. It can be used by both a novice trader for training and by a professional to test a new trading strategy or trading style. Practicing on a demo account helps you to gain the necessary experience and avoid possible losses.

Security (Protection for Investors)

Information

The broker is a member of the International Financial Commission (FinaCom). Olymp Trade is regulated by this authority. The organization not only regulates the provision of financial services but is also a consumer protection organization. In any legal conflicts, the International Finance Commission regulates the issue following technical and legal principles.

Olymp Trade shall fulfill several requirements set for obtaining a license from the International Financial Commission. In case of a failure to fulfill its legal obligations to the regulatory body, the brokerage company’s license to provide financial services shall be revoked.

👍 Advantages

  • A certificate for providing financial services is issued by an international regulatory body
  • Regulation that fixes the relations between a brokerage company and a client (trader)
  • The International Financial Commission regulates conflicts between a broker and a client

👎 Disadvantages

  • The company is accredited by only one regulatory body
  • No documentation in the public domain. The broker just indicates the organization that issued the certificate

Withdrawal Options and Fees

  • The brokerage company does not charge clients with a non-trading commission for depositing and withdrawing funds. Olymp Trade does not charge a commission for its services.

  • You can deposit and withdraw funds at Olymp Trade using Visa and MasterCard bank cards, as well as electronic payment systems like Neteller, WebMoney, etc.

  • Payment systems and banks charge a commission from the client when withdrawing funds. All costs shall be paid by Olymp Trade brokerage company.

  • The processing time for a withdrawal request takes from a few minutes up to two days, depending on the status of the real account. Application processing for Starter accounts takes up to 2 days, for Advanced accounts just 1 day, and for Expert accounts up to several hours.

  • Withdrawals are made in two currencies: USD and EUR.

  • The brokerage company does not set a minimum amount to be withdrawn to a personal account. The client shall independently determine the minimum amount of payments.

  • Verify your account using your phone number and email to withdraw funds.

Customer Support Service

Information

The Olymp Trade support service is ready to help you twenty-four/seven. Qualified specialists are always ready to help a trader.

👍 Advantages

  • Support service works 24/7
  • Help is provided by qualified staff
  • Prompt response speed takes about 15 minutes
  • Support service responds in 10 languages

👎 Disadvantages

  • Customer support takes a long time to answer

You can contact the Olymp Trade support service as follows:

  • Call to phone numbers indicated on the website;

  • By email;

  • Online chat on the broker’s website;

  • "Order a call back" in the "Help” section;

  • "Personal analyst".

Contacts

Registration address First Floor, First St. Vincent Bank Ltd Building, P.O Box 1574, James Street, Kingstown, St. Vincent & the Grenadines
Contacts

Review of the Personal Cabinet of Olymp Trade

To make your insight into Olymp Trade comfortable, we offer you to familiarize yourself with the registration procedure and take a virtual tour of your personal account.

1

If you already have an account with Olymp Trade, go to the broker's home page and click on the "Login" button.

Olymp Trade Personal Account - Login
Olymp Trade Personal Account - Login
Olymp Trade Personal Account - Login
2

Then enter your email and password from your account. You can also enter your account using your Google or Facebook accounts.

Olymp Trade Personal Account - Authorization through Google or Faceboo
Olymp Trade Personal Account - Authorization through Google or Faceboo
3

If this is your first time on the broker's website, click on the "Register" button.

Olymp Trade Personal Account - Registration
Olymp Trade Personal Account - Registration
4

After clicking there is a mini-questionnaire that will open on the right side of the screen, where you shall enter your personal data: name, email, phone number, password and select the account currency. You can also register using your Google or Facebook account.

Olymp Trade Personal Account - Personal data input
Olymp Trade Personal Account - Personal data input
5

After entering all the data, click on the "Register" button, and now you have access to your personal account.

Olymp Trade Personal Account - Registration completion
Olymp Trade Personal Account - Registration completion
6

By the way, your personal account is also a web platform for trading. In the upper right corner of the screen, find the profile settings, where you can enter your personal data (name, email address, phone number, upload an avatar) and secure your account using two-factor authentication and a complex password.

Olymp Trade Personal Account - Profile setting
Olymp Trade Personal Account - Profile setting
7

Find the platform settings and additional features on the left side of the screen. There you can find the data on your transaction.

Olymp Trade Personal Account - Transactions
Olymp Trade Personal Account - Transactions
8

Herein there is the “Help” function, where you can contact the support service, analyst, or assistant, as well as find the knowledge base and learn about Olymp Trade updates. Please find the training materials here.

Olymp Trade Personal Account - Training
Olymp Trade Personal Account - Training
9

The left side-bar also includes the Settings button. Here you can adapt the platform interface as you wish and select the schedule settings necessary for operation.

Olymp Trade Personal Account - Settings
Olymp Trade Personal Account - Settings
10

Moreover, the "Next" button is located on the left side of the screen, where you can set up your work profile, replenish a deposit and withdraw funds, read the broker's blog and watch webinars. There is also an economic calendar, analytics, and data on your transactions.

Olymp Trade Personal Account - account replenishment and withdrawal of funds
Olymp Trade Personal Account - account replenishment and withdrawal of funds

Tags:

Olymp Trade OlympTrade olymp trade Olymptrade Olymp Trade Olymp

The Oldest Reviews of the OlympTrade

The reviews by customers of the OlympTrade indicate that it is a reliable brokerage company. Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of OlympTrade published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.

Olymp Trade has good trading conditions, but still, something is missing. The broker doesn’t give bonuses to their clients and credits them only for the first deposit. What about your regular customers? There are no investment programs either: here you have to trade on your own, you cannot even dream of passive income. The affiliate program offers good conditions, but the profit on them cannot be compared with the same on trust accounts. I think Olymp Trade is suitable only for binary options trading, not for Forex and investing. But each trader chooses what he or she wants to trade for more income.

Olymp Trade’s technical support responds in Turkish, which helped me a lot during the first trading days. Everyone has a different level of expectations and different trading goals. Personally, a monthly income of 80-100% is quite enough for me, so I trade here and am not yet going to change to another broker. The company’s website contains a lot of useful information and analytical articles. I never had any problems with withdrawing funds. The first withdrawal was delayed for 5 days because I had to go through verification. After submitting the documents, the money was withdrawn a day later, and there were no more similar situations. Usually, money is received on the card within 1-2 days, which suits me perfectly.

I worked with Olymp Trade for almost a year. I left for another broker that offers binary options and favorable conditions for Forex. But even now, I consider the Olymp Trade proprietary trading platform the best terminal. I like it even more than MT4 and MetaTrader 5 For 4 years of work, I have tried many proprietary platforms, but I always subconsciously compare them with the Olymp Trade terminal. If the broker had more investment programs and trading assets, I would stay with it. There is no problem with money withdrawal here, so I never worried about that.

My trading with Olymp Trade did not work well from the very first day. For some reason, their proprietary platform often froze up on my computer. Perhaps due to a large number of indicators; it required a lot of RAM. I didn’t want to work with MT4: I never really liked that terminal. The payout percentage is not the highest either. Previously I traded with brokers that paid 90-92%, but not 80%. The only thing I liked about Olymp Trade is the absence of deposit fees. However, this is too little for profitable and comfortable trading, so after 3 months, I left for another broker.

First, I deposited $10 into my Olymp Trade account to check the trading conditions, but I quickly lost it. After that, I started checking feedbacks, studied the training materials in detail, and then decided to try again. This time with 10 dollars I was able to earn almost 80. I had some problems with the first withdrawal: after applying, I had to wait 3 days for the money. I contacted technical support, and the money came the next day. I am going to continue testing the service. I think in a couple of months I will know whether I want to continue or not.

I started trading with Olymp Trade about two months ago. I chose this broker because they have a license from the authoritative regulator FinaCom and a low minimum deposit. Customer feedbacks were also mostly positive, which finally convinced me of the company’s reliability. As a new customer, I got a 100% welcome bonus, so it doubled my deposit. The Olymp Trade website has a large number of training materials and analytics that help me to increase my trading efficiency. The payout percentage is quite high, quotations are real, so I am quite comfortable trading here.

I have been trading with Olymp Trade for 3 years. Now I can call myself a real professional because trading binary options has become my main income. I have already moved to Expert status, which brings profits up to 92%. Of course, you need to deposit a decent amount (as much as $2000) as the deposit, but it’s worth it. Previously, the broker provided me with only 2 assets with increased profitability, but now their number has reached 6. Though Olymp Trade offers only a few ways to withdraw funds, the main e-wallets are available, and you can also withdraw funds to cards. At the same time, there are no commissions like with other brokers. I’m comfortable trading here.

Author of this Review

OlympTrade broker’s review prepared by

John Davis

Traders Union Author and Analyst

John Davis is a Financial and Economic Analyst working with the Traders Union since 2016. During this time, he has written more than 100 analytical articles on technical and fundamental analysis, reviews of financial companies and has developed more than 10 proprietary trading systems. John's motto is to help everyone go from a novice to a professional trader.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.

Latest Forex Articles that may help you

Top 5 US Forex Brokers in 2021
For Beginners
Top 5 US Forex Brokers in 2021
Jack Moore - January 2021
What is Forex Trading? Your Guide to Start Earning
For Beginners
What is Forex Trading? Your Guide to Start Earning
John Mayer - February 2021
Best European Forex Brokers in 2021
For Beginners
Best European Forex Brokers in 2021
John Mayer - January 2021
Benefits of Working with the Traders Union
For Beginners
Benefits of Working with the Traders Union
Alexey Vrask - February 2021
5 Tips for Forex Trading Success
For Beginners
5 Tips for Forex Trading Success
Samuel Adamson - January 2021
How to Invest in Forex? A Beginner's Guide
For Beginners
How to Invest in Forex? A Beginner's Guide
Grant Adlington - February 2021
How to Open a Forex Demo Account for Free?
For Beginners
How to Open a Forex Demo Account for Free?
Grant Adlington - January 2021
How Much Does the Average Day Trader Make?
For Beginners
How Much Does the Average Day Trader Make?
David Butler - February 2021
Step-by-Step Guide on How to Open a Forex Account
For Beginners
Step-by-Step Guide on How to Open a Forex Account
John Mayer - February 2021
How Much Can You Make Trading in Forex in 2021?
For Beginners
How Much Can You Make Trading in Forex in 2021?
Jack Moore - February 2021
Forex Risks Investors Should Consider
For Beginners
Forex Risks Investors Should Consider
Daniel White - February 2021
Forex License Types - Best Forex Regulators
For Beginners
Forex License Types - Best Forex Regulators
Jack Moore - February 2021
Why Trade Forex: The Pros and Cons of Forex Trading
For Beginners
Why Trade Forex: The Pros and Cons of Forex Trading
Grant Adlington - February 2021
Best Investment Brokers in 2021
For Beginners
Best Investment Brokers in 2021
Grant Adlington - February 2021
PAMM Account Brokers in Forex 2021
For Beginners
PAMM Account Brokers in Forex 2021
Flynn Simpson - February 2021

FAQs

Do reviews by traders influence the OlympTrade rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about OlympTrade you need to go to the broker's profile.

How to leave a review about OlympTrade on the Traders Union website?

To leave a review about OlympTrade, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about OlympTrade on a non-Traders Union client?

Anyone can leave feedback about OlympTrade on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

Why is it more profitable to work with OlympTrade through Traders Union?

Because you will receive additional payments from Traders Union every month while all other functions on your chosen trading platform remain the same.