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Olymp Trade Review South Africa

Item: OlympTrade
Rating: 7.46
Author: Ivan Andriyenko

Written by: Ivan Andriyenko Ivan A.

Contributor

Fact-checked by: Mirjan Hipolito Mirjan H.

Cryptocurrency and stock expert

Updated: July 04, 2025

Table of Contents

7.46/10

TU Overall Score

Minimum deposit:

Trading platform:

Proprietary platform

Regulation:

VFSC
FinaCom

Trading features

Fixed Time Trades, Forex, Flex, Stocks

152

users picked this broker in 3 months

Check out the Best binary options brokers of United States

OlympTrade isn't available in

7.46/10

TU Overall Score

OlympTrade is a reliable broker with the TU Overall Score of 7.46 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by OlympTrade clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews showed that the broker’s clients are mostly satisfied with the company.

Olymp Trade is an online trading platform that enables traders to monitor the movement of different assets and make trades using its services and is perfect for both novice and professional traders.

The Olymp Trade brokerage company was founded and licensed in 2014. The company launched a mobile version and an app in 2015. The broker launched Forex mechanics and Crypto assets in 2017. In 2019 Olymp Trade introduced Fixed Time Trades. The company has over 20 awards including 14 international accolades. It is regulated by the International Financial Commission (IFC).

Advantages of trading with OlympTrade:

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

Disadvantages of OlympTrade:

no investment programs;
different trading conditions for different assets.

TU Expert Advice

Anton Kharitonov

Financial expert and analyst at Traders Union

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 14 languages.

At the moment, this brokerage company holds a leading position among the companies offering traders to earn on an online trading platform.

Trade with this broker, if:

You value a convenient platform interface, as this broker offers a user-friendly interface, making it easy for traders to navigate the platform and execute trades efficiently.
You prefer a low minimum deposit requirement. With a minimum deposit of just $10, this broker offers accessibility to traders with varying budget sizes.

Do not trade with this broker, if:

You are averse to delays when withdrawing funds, as the broker has a history of delays in processing withdrawals, which may indicate potential issues with liquidity or operational efficiency and could affect your ability to access your funds in a timely manner.
You are interested in investment programs, as this broker does not offer investment programs or opportunities for passive income generation. You may miss out on potential avenues for diversifying your investment portfolio and maximizing returns.

OlympTrade Summary

Your capital is at risk. CFDs are considered complex derivatives and may not be suitable for retail clients. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The products mentioned here may be affected by changes in currency exchange rates. If you invest in these products, you may lose some or all of your investment, and the value of your investment may fluctuate. You should never invest money that you cannot afford to lose and never trade with borrowed money.

💻 Trading platform:	Proprietary platform
📊 Account types:	Demo, Real
💰 Account currency:	EUR, USD, USDT + 17 local currencies
💵 Deposit / Withdrawal:	Bank Cards (Visa, MasterCard, Union Pay), E-wallets (Web Money, Neteller, Skrill, PerfectMoney, Binance Pay, etc.), Crypto (USDT, Bitcoin, Ethereum, etc.)
🚀 Minimum deposit:	$10
📈️ Min Order:	$1
🔧 Instruments:	Currency pairs, cryptocurrencies, Composites, stocks, indices, commodities, ETFs, OTCs - Over-the-Counter Instruments
📱 Mobile trading:	Yes
➕ Affiliate program:	Yes
⭐ Trading features:	Fixed Time Trades, Forex, Flex, Stocks
🎁 Contests and bonuses:	Yes

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.

OlympTrade Key Parameters Evaluation

7.6

User Satisfaction

6.6

Trading Account Opening

1.1

Regulation and safety

8.2

Commissions and fees

4.3

Account types

6.5

Deposit and withdrawal

3.7

Investment Options

3.2

Education

8.6

Customer support

Video Review of OlympTrade

User Satisfaction i

Score:

7.6/10

Share your experience

Best
Last
Oldest

akilmulani03

4 weeks ago

Australia Perth

Great asset selection and analytics

Everything's fine — minor drawbacks aren't critical

Olymp Trade pleasantly surprised me with the variety of instruments — I trade currencies, crypto, stocks, and even OTC assets. With Expert status (deposit from $2,000), I get access to 4 consultations per month and 35 strategies. The signals help filter out market noise, and the webinars provide solid analytics. The platform is proprietary but runs smoothly without lags. Withdrawal via Skrill took about a day. Olymp Trade is a broker that truly offers solid conditions with a reasonable entry cost.

vimeh42824

6 weeks ago

United States Houston

Convenient interface and easy registration

So far, everything’s great — no complaints

I really liked how quick the registration process was on Olymp Trade — it took just about 3 minutes to create an account via Google or Facebook. After that, you immediately get access to a demo account with $10,000, which is a great way to test the platform. I opened a real account with Starter status, depositing $50. The terms are transparent, fees aren’t hidden, and you can stick to your strategy without surprises. The platform has built-in technical analysis tools, so there’s no need to install anything extra. Olymp Trade turned out to be a great entry point into the market.

mrnagendrasahu

8 weeks ago

UK London

The minimum deposit is just $10

I haven't noticed any significant issues

Olymp Trade is a great option to start with. I began with the Starter status, depositing $10, and was able to comfortably test the platform. The trading interface is user-friendly, everything is logical and not overloaded. After just a couple of weeks, I upgraded to Advanced and gained access to webinars and analytical materials. For $500, I got much more than with many brokers that require deposits several times higher. Support responds quickly in the chat, and the mobile version is just as functional. Olymp Trade clearly caters to traders with different budgets.

Responses to a comment

gokecysharp to mrnagendrasahu

7 weeks ago

I also tried starting with the minimum deposit and agree — the interface is really easy to understand. I especially liked that webinars and training materials become available as your status increases — it’s a great motivation. Although, in my opinion, the tools are limited compared to classic terminals like MT4, they are quite sufficient for beginners and intermediate traders.

Jimoh Isiaka

31 weeks ago

Verified

NG Lagos

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

It has no weakness

Follow this We give a high rating.
Review text:
A great company to trade with, especially if you value stability and transparency. OlympTrade offers competitive conditions, including fair spreads and no hidden commissions. All orders are executed clearly and without delays, and stops work as stated. Additionally, the absence of unnecessary fees and convenient platform interface are pleasing. This is a reliable broker that you can trust with your investments.

Muhammad Awais

36 weeks ago

Verified

PK Hyderabad

5 Star

Not any mentionable weakness

The trading conditions of olymptrade are really impressive. Commissions, speed of order execution and everything else is on the level. If you compare them with the conditions of other binary options brokers, the difference immediately becomes noticeable. Here the payout percentages are higher and the conditions themselves are more transparent. I think many people will be pleasantly surprised, especially those who are used to standard offers on the market. For those who are looking for good trading opportunities, this is definitely a worthy option.

Atiqa Manzoor

45 weeks ago

Verified

IT Turin

User-friendly trading platform!

I recently started using OlympTrade and was pleasantly surprised by the convenience of their platform. The interface is intuitive, all the tools are at your fingertips, which allows you to quickly navigate and focus on trading rather than searching for the right functions. Even a beginner can easily understand and start trading without unnecessary complications. The whole trading process is well thought out and it really helps to work more efficiently. I am glad I chose this particular platform.

Responses to a comment

ranawat1987 to Atiqa Manzoor

41 weeks ago

Totally agree with you! OlympTrade's platform is really very convenient. I also noted that all the necessary tools are easy to find, and you can immediately dive into trading without getting distracted by the interface. For beginners it's an ideal option - everything is simple and clear. I am glad that I found something so functional and affordable!

subhash khan

2 days ago

India New Delhi

Transparent conditions and 24/7 support

No complaints, everything is stable

Olymp Trade is one of the few brokers where you can genuinely feel user support. You can message them anytime and get a prompt response. I topped up my account via Binance Pay and withdrew to a Visa card — no commission, and the transaction was completed in 2 days. I was pleasantly surprised by the language selection — support is available in 10 languages. I trade via the mobile app — it’s stable, fast, and well-adapted for smartphones. The minimum order amount is $1, which is convenient even for micro-testing. Olymp Trade is a broker suitable for both beginners and experienced traders.

Score:

6.58/10

Trading Account Opening

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.

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

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

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

Olymp Trade Personal Account - Registration

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

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

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

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

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.

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.

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

Score:

1.09/10

Regulation and safety

Information

The broker is a member of the International Financial Commission (FinaCom). Olymp Trade is regulated by this authority. In addition to that, Olymptrade is a licensed and regulated broker by the Vanuatu Financial Services Commission (VFSC) with license number 40131. Financial Markets Association in Vanuatu is a self-regulatory body for Vanuatu Financial Dealer License holders. 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 authority which issued the licence is not yet the member of the IOSCO

Score:

8.21/10

Commissions and fees

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
	$5	High
	$0	Low
	$2	Medium

Score:

4.25/10

Account types

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 (fiat), and crypto account. 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 85%, the maximum number of open transactions is 20 or 100 depending on the trading mode, and the maximum transaction amount is $3,000. 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 89%, and you will be provided with 2 assets with higher profit margins. On such an account, you can open not more than 20 or 100 transactions depending on the trading mode and the maximum transaction amount is $4,000. Except for basic training materials, you’ll have access to 20 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 93%; 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 $5,000; Additionally, you will get access to all closed training materials, trading signals, and have 4 consultations from a personal analyst per month and access to 3 closed webinars per week, 35 unique trading strategies, and exclusive trading ideas.

Score:

6.54/10

Deposit and withdrawal

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 USD, EUR or a local currency.
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.

Score:

3.66/10

Investment Options

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 vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal 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.

Score:

8.62/10

Customer support

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 14 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

Foundation date	2014
Registration address	First Floor, First St. Vincent Bank Ltd Building, P.O Box 1574, James Street, Kingstown, St. Vincent & the Grenadines
Regulation	VFSC, FinaCom
Official site	olymptrade.com
Contacts	support-en@olymptrade.com +35725030996, +27 (21) 1003880

Score:

3.19/10

Education

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.

Comparison of OlympTrade with other Brokers

	OlympTrade	Pocket Option	Binarium	Binary.com	Binarycent	Centobot
Trading platform	Proprietary platform, Web, Mobile	MT5, Web, Mobile	Binarium	Deriv Trader, MT5	Webterminal	RaceOption, Binarycent, Videforex
Min deposit	$10	$5	$5	$5	$250	$500
Trading instruments	Currency pairs, cryptocurrencies, Composites, stocks, indices, commodities, ETFs, OTCs - Over-the-Co	currency	indexes, Currencies, Cryptocurrencies	indexes, Forex, goods, stock, random index	currency	Binary options (fiat currencies and cryptocurrencies)
Signals	Yes	No	No	No	No	No
Analytical support	Yes	No	No	Yes	No	No
Training	Yes	No	No	Yes	No	No
Additional tools	No	Copy Trading tool	No	premature closing	Chat support, Copy Trading tool	No

Detailed Review of Olymp Trade

The Olymp Trade brokerage company is relatively entrenched on the market: it has been providing online trading services since 2014. 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 100M registered users;
14 international awards;
5 minutes to open an account with a broker;
$10 is the minimum deposit amount;
The support service responds to customers in 14 languages;
Users automatically get $10,000 deposited into their demo-account after registration;
20,000+ clients actively trading daily;
qualified support service works twenty-four/seven;
over 200 trading instruments for traders;
there are over 296 hours of all training videos.

Olymp Trade offers online trading for novice and professional traders

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

Advantages:

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

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

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

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

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

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

there are practically no delays in the trading terminal operation;

support service works twenty-four/seven and responds in 14 languages;

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

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

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Team that worked on the article

Ivan Andriyenko Author at Traders Union

Ivan is a financial expert and analyst specializing in Forex, crypto, and stock trading. He prefers conservative trading strategies with low and medium risks, as well as medium-term and long-term investments. He has been working with financial markets for 8 years. Ivan prepares text materials for novice traders. He specializes in reviews and assessment of brokers, analyzing their reliability, trading conditions, and features.

Dr. BJ Johnson Developmental English Editor

Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.

Mirjan Hipolito Cryptocurrency and stock expert

Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).

Olymp Trade Review South Africa

Our Evaluation of OlympTrade

Brief Look at OlympTrade

TU Expert Advice

OlympTrade Summary

OlympTrade Key Parameters Evaluation

Video Review of OlympTrade

User Satisfaction i