Olymp Trade is a legally registered binary options broker located in Saint Vincent and the Grenadines, but not regulated by any government agency.
Olymp Trade is also a member of the International Financial Commission (FinaCom), an independent dispute resolution organization.
Olymp Trade accepts clients from all over the world, excluding USA, Canada, European Economic Area, Switzerland, Israel, New Zealand, Australia, Japan, North Korea, Puerto Rico, Sudan.
Binary options broker offers the following underlying assets for trading.
|35+ Currency Pairs||Based on major and minor world currencies.|
|12 Crypto BOs||Based on Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum, Ethereum Classic, Litecoin, Dash, Ripple, Monero, Zcash.|
|10 Indice BOs||Based on baskets of different blue-chip stocks.|
|4 Metal BOs||Based on Gold, Silver, Platinum and Copper.|
|2 Energy BOs||Based on Crude Oil (Brent) and Natural Gas.|
|12 Stock BOs||Based on shares of US companies.|
Olymp Trade is a binary options broker based out of Saint Vincent and the Grenadines, a well-known offshore jurisdiction for binary options & forex brokers. As usual in Saint Vincent and the Grenadines, the broker is not regulated by the government, and is instead merely registered as a legal business entity under the name Inlustris Ltd.
To compensate for the lack of government regulation, Olymp Trade in 2016 joined the renowned independent regulatory organization FinaCom (Financial Commission). Although perhaps not as good as traditional government regulation, an organization like FinaCom at least gives traders a place to turn to in the event of a dispute with the broker. The organization also has a compensation scheme in place, which in some cases can compensate traders with up to 20,000 EUR per complaint.
In terms of underlying assets that are available to trade binary options on, Olymp Trade has a fairly standard offering with an emphasis on major and minor forex pairs. However, this broker has also chosen to focus more heavily on cryptocurrencies than most other binary options brokers, with 12 different crypto pairs available. In addition to all the most common cryptocurrencies, this also includes lesser known coins like Bitcoin Gold (BTG), Ethereum Classic (ETC), Monero (XMR), and Zcash (ZEC).
Olymp Trade offers its clients its own web-based binary options trading platform, which is relatively similar to other binary platforms out there. The platform has a nice and clean design, is very easy to use, and features simple one-click trading. All underlying assets are available within the same platform.
The platform features a multi-chart layout, which makes it easy to monitor several different assets at the same time. The charts are also quite responsive, and comes with most of the technical analysis tools that one would expect.
The minimum deposit to start trading binary options with Olymp Trade is USD 10, which will give the trader access to the broker’s basic live trading account. For traders who just want to dip their toe into binary options trading, however, a demo account is also available free of charge. As most experienced traders would probably agree, this is an excellent opportunity to hone one’s skills before jumping into the market with real money.
All trading accounts can be funded with major credit & debit cards, popular e-wallet services such as Skrill, Neteller and others, as well as cryptocurrencies. There is no fee charged by Olymp Trade for deposits and withdrawals, although the third-parties used to conduct the payment may charge their own fee. For withdrawals, it’s also important to remember that they can only be made back to the same account as the original deposit came from.
Olymp Trade’s customer support is available via local phone numbers in South Africa and Argentina 24 hours a day, 7 days a week. In addition, traders can reach out to the company through email or a live chat option on the broker’s website. Worth noting, however, is that despite the broker’s promise that live chat is available 24/7, no customer support agents were online at the time of our testing.
In conclusion, we believe Olymp Trade is among the better offshore-based binary options brokers available today. The brokerage has a track record dating back to 2014, which adds credibility to its name and reputation as a reliable binary options broker.
Olymp Trade is perfect for both beginners and experienced traders.
If you're a beginner, you'll have free education from a trader, a simple trading platform, and access to a demo account. If you are an experienced trader, the Olymp Trade trading conditions are perfect for you and there is 24/7 client support.
I also started 2.5 years ago as a beginner. Now I can be called more or less experienced, and trading has long been more than just a hobby for me.
And all this thanks to the helpful broker, that supported me at all stages of my development into a "semi-professional" (I'm still not that experienced :s).
And it's cool that there are brokers which not only promise you "big" money, but also teach you and help you gain invaluable experience. Now I understand it all.
I opened an account about a half a year ago, before that I have several accounts with several brokers, which wasn't very comfortable. It's just that I didn't fully trust the brokers I worked with and couldn't do all my trades from just one account, as there was a threat of losing everything. But after a couple of months working with Olymp Trade, I realized that I was ready to move all my assets to one account and work with only one broker, not to mention that the broker has an excellent regulator.
It was probably my best decision in trading. I can't tell you in words how hard it's to manage several accounts and keeping all needed information in my memory. But with Olymp Trade I could finally relax and just enjoy trading. The broker provides excellent, competitive trading conditions.
Personally, the most pleasant thing for me in my work with a broker is that it provides as much as 80 assets for trading, not to mention the fact that one third of them are so profitable.
My path in the market is already quite long and diverse, that is, you will immediately understand that I am trading with variable success. But it does not upset me, because in my life there was already a case, which was not immediately submitted to me, but I was persistent and in the end everything worked out. Especially, as the tools now in order to get used to eat enough, so everything depends on desire.
I've been talking to an OT manager recently and I can say that he said, not to grab all the information in a row, but to try to find your weaknesses and work on them, then you will have specific questions, to which you will look for specific answers. I found that thought interesting and not without meaning.
I have the same problem like mr Bruce had, I had my account blocked. Claiming that I hadn't provided all the informations!!!
I have been interested in trading for several years, but it took me a long time to decide which direction is best for me, so I tested everything and I can say that it took a long time and brought a small result, because not everything was the best solution for me. And I also couldn't figure out why everything wasn't going according to plan. As a result, I decided that Forex trading was the best for me and started to do an in-depth study of this very issue.
Frankly speaking, now things are going better, because I am clearly focused on one direction and I manage to eliminate all the inaccuracies more quickly, and there are fewer mechanical errors too, sometimes it even seems to me that I feel like I have to do it beforehand. I can say that webinars and forums from olymp helped me a lot, because I was able to get useful information quickly. And the dynamics in the market is just invaluable.
If you're not at olymp yet, then you just haven't heard of this company. I like their terminal and the emphasis on communication of traders, you feel like part of a big and powerful team... very cool!
Olymp Trade is called by some people as the strange broker. Really, company focuses so much on education and beginners, but for me, as experienced trader that doesn't make any discomfort. Even on contra - I feel satisfied, as I also can leran something. In terms of trading conditions OT is good - fast withdrawals, many assets, regulated. I don't see nothing more that I feel that I need :)
I think the main advantage of Olymp is that it CARES about customer’s needs. I’ve been with this company long enough to watch how step after step they were improving the platform, introduced forex trading after being options only brokerage. I love how they add new indicators and tools. Recently they have also introduced MT4, which I also think is a wise step, because this is how they followed customer’s demand. Personally I still prefer to use the web-platform of Olymp, but I know there are many traders who will appreciate mt4 support. Nice brokerage, fast flawless withdrawals, thoughtful and experienced support to ask questions.
Beware! Broker scammer does not pay his affiliation representatives. They deleted my account claiming IP fraud, and I forwarded all the correct affiliation data. I have recorded video proving that the account was with everything correct and they deleted it, then claimed that it would not be possible to investigate because my account was no longer in the system. The regulatory ruler of them did not help at all, I contacted her and she informed me that she could not do anything about the case. They blocked my operations account too.
Hello, dear Bruce!
Thanks for your review. Please, elaborate the problem and provide your platform ID, so we could identify you and investigate what happened.
Best regards, Olymp Trade team.