Olymp Trade Broker Review

Olymp Trade Broker Review

Olymp Trade Broker Review 

Olymp Trade, established in 2014 and owned by Saledo Global LLC, has emerged as a prominent online broker providing access to a diverse range of financial instruments. While catering to users in over 30 countries, the platform is not regulated in Europe and North America. However, its membership with the Financial Commission since 2016, and adherence to the FinaCom Compensation Fund, adds a layer of customer protection. This review aims to dissect Olymp Trade’s features, assessing both its strengths and potential drawbacks.

About the Company:

Olymp Trade, founded in 2014, has swiftly gained recognition in the online trading space. Owned by Saledo Global LLC, the platform extends its services to users in over 30 countries, offering a diverse portfolio of over 80 instruments, including shares, currencies, cryptocurrencies, commodities, and indices.

Trading Conditions:

Olymp Trade presents an accessible entry point with a remarkably low minimum deposit of $10. The platform boasts an average monthly trading volume of $179.2 million, with an impressive monthly payout of $13.7 million. This affordability and liquidity make Olymp Trade an attractive choice for traders.

Trading Instruments:

With a rich selection of assets, Olymp Trade caters to diverse trading preferences. Traders can explore major currency pairs, indices, commodities, cryptocurrencies, and stocks of well-known companies like Apple, Microsoft, and IBM.

Platform and Technology

Olymp Trade offers a user-friendly platform with a simple interface compatible with both desktop and mobile devices. The inclusion of MetaTrader 4 further enhances the trading experience.

The platform’s advanced technological infrastructure ensures fast execution of trades, allowing traders to capitalize on market movements promptly. This efficiency is crucial in the dynamic world of online trading.

Security and Support

Financial and Data Security:

Security is a priority at Olymp Trade, with encryption technology safeguarding user data. Customer funds are stored separately from operational accounts, reinforcing the platform’s commitment to protecting traders’ assets.

Customer Support:

Olymp Trade provides multilingual customer support, ensuring accessibility for traders globally. However, limited support outside of business hours may pose a challenge for some users.

Additional Services and Bonuses

Education and Analytics:

Olymp Trade stands out for its commitment to trader education. The platform offers extensive training resources, including analyst assistance, webinar sessions, economic calendars, and various tools to empower traders with knowledge.

Bonuses and Promotions:

Traders on Olymp Trade can participate in regular trading contests with enticing prizes, providing an extra incentive for active engagement on the platform.

Strengths and Weaknesses:

Pros:

1. Low minimum deposit of $10

2. Diverse range of over 80 instruments

3. Strong financial performance with an average monthly payout of $13.7 million

4. Membership with the Financial Commission, ensuring customer protection

5. Extensive educational resources and original trading ideas from analysts

Cons:

1. Lack of regulation in Europe and North America

2. Limited range of account types

3. Restricted access to customer support outside of business hours

Recommendations:

Olymp Trade is recommended for beginner and intermediate traders seeking a simple and user-friendly platform. The low minimum deposit and extensive educational resources make it an excellent starting point. However, more experienced traders may find the offerings somewhat limited.

Conclusion on Olymp Trade:

Olymp Trade, despite lacking regulation in major regions, stands out for its user-friendly platform, diverse asset offerings, and strong emphasis on trader education. The low minimum deposit and adherence to the Financial Commission provide a level of accessibility and security. While not the ideal choice for advanced traders, Olymp Trade remains a compelling option for those entering the world of online trading.

Related Article

Bonds CFD Commodities Cryptocurrency Brokers Forex Brokers Stock Brokers Unregulated Brokers
Centaxa Broker Review

Cryptocurrency Brokers Forex Brokers Stock Brokers
Brileniom-D Broker Review

4 Replies to “Olymp Trade Broker Review”

  • Diego
    Diego
    Reply

    Olymp Trade takes a leading position in my personal list of brokers. It’s respected and offers nice trading conditions. This amazing status system enhances my inner desire to be the best of the best, so I daily trade on the platform, earn XPs and crawl to the top.

  • Zain
    Zain
    Reply

    There are a lot of payment methods and it is really cool. Just made a deposit via USDT but it was kinda slow.

  • Milana
    Milana
    Reply

    I like the fast deposit and withdrawal system the broker offers to me.
    Although I am using an old method which is the “bank cards” and it’s been very stable and consistent.

  • Bee
    Bee
    Reply

    Cool broker

Leave a Reply

Your email address will not be published. Required fields are marked *