Olymp Trade Review 2023

This financial broker has introduced a new reward system known as “Experience Points XP” where it offers its active traders more privileges and perks. Those, who prefer trading consciously, can conduct a technical analysis and trade options according to their strategy on any timeframes. J Pro, you said with mobile app one can trade forex and cryptocurrency and not binary option. That is the reason why you should always practice strategies on the demo account. It does not involve high risk so your funds are safe. Every time I want to see if the strategy is effective or not, I would shift to a demo account.

We are also certified as a trustworthy broker by our regulator – Finacom. AvaTrade is an award-winning and multi-regulated broker offering a great selection of trading instruments including Forex, Cryptos, Stocks and Commodities. You can trade on all of your devices via user-friendly platforms with excellent trading conditions and no commission fees.

Trade with a Regulated Broker

Olymp Trade is an online broker that was established in the year 2014. Owned by Saledo Global LLC and headquartered in St. Vincent & the Grenadines, this advisory broker is available to users from over 30 countries around the world. It offers more than 80 instruments including shares, currencies, cryptocurrencies, commodities, and indices.

Olymp Trade lets you buy and sell a wide range of assets, including stocks, commodities, currencies, and cryptocurrencies, with availability depending on where the trader is based. Olymp Trade is a registered broker in St. Vincent and the Grenadines. Potential traders need to be enabled to do as much as possible research about speculative trading before commencing to do it and while trading with a specific brokerage. In general, a so-called “offshore” broker tends to have a less favorable reputation and potential traders should think carefully before investing with them. As with currency exchange markets, commodity markets offer trading in contract-based tradable goods.

Overall Olymp Trade Ranking

Screenshot mobile appSimilar to the web version the Olymp Trade app has the same functions and offers for trading. There are not so many differences between the desktop and the app. You can use the analytic tools, indicators, and chart types for trading. In conclusion, if you are searching for short-term or long-term investments then you are completely right on this platform. Olymp Trade offers the trader any market and financial product which he needs to make a profit.

At least, I have no reasons to schools this company for something or to pick on minor details. It serves for providing mediation services in the market to be a conductor among the market and trader. I faced a solid number of difficulties right after I opened here real account. However, due to the comprehensive support from client service I managed to figure out all features quickly. He broker is not regulated and does not comply with strict international rules that provide protective measures to the traders.

Asking me to complete verification of dead accounts closed long back. If they can do it to me, you will be the next. Okay, I am not doing this sort of verification, refund my $200 and prove yourself. I will apologize but you will not do it because you had it all planned to corner me with documents that I can’t produce. Never you asked for KYC, I also produced KYC that all Indian companies demand.

And if this happens, you can always solve the problem with Olymp Trade or FinaCom without any problems. Compared to other options i really think olympic trade is reliable. You gotta understand this simple business modal, You lose or win they are gonna make money from each trade you do. Even if you win they are gonna take a certain % of your money. All this is available without having to open another account, you can very easily switch between these trading platforms from your old account. It seems to me very convenient, the broker has implemented this idea very well.

Deposits

Olymp is easy to navigate and very user-friendly. The platform looks clean and organized, with links that make it easy to find what you are looking for. You can access Olymp Trade three different ways. There are usually opportunities to trade at any given time, although you may find yourself restricted, particularly if you only choose to trade on certain markets. On a more positive note, Olymp Trade is very beginner friendly and has plenty in the way of educational resources to offer newcomers.

I have some loses earlier but later on I started earning. But at the moment when I started to recover my losses and earned some money, trade line in stock charts started responding negative to my every expectation. It seems that stock charts are controlled by Olymp Trade team. There is a reason to mentioning this as I am experiencing this from last one & half month.

Closed my account. Can’t get by profits or deposit.

You can quickly download and install it on your phone through Google application and start using its capabilities. Perhaps you analyzed the market incorrectly and opened a position in the wrong direction, this often happens, the market is unpredictable. I am sure that for good and great success in trading, you need to comply with risk management. The thing that attracts me to this company is that both a novice investor and someone with experience can feel at home. This broker seemed to me pretty reliable, because it has enough certifications, licenses and regulations. Moreover, I was quite tired of searching for a broker of my life and I was happy to meet this one.

So our support team will be able to help you and give the latest updates on your issue. What helps us stand out is that we always test our brokers with an anonymous live account, to ensure we deliver the most accurate information and experience to our readers. Finally, our reviews and evaluation are always independent of any financial compensation we may receive from the brokers.

Despite being a member of the reputable Finacom, Olymp Trade remains an unregulated broker. Finacom membership cannot equate the stringent regulatory stipulations as being enforced by standard regulatory bodies like the FCA or ASIC. All information on 55brokers.com is only published for general information purposes.

This isn’t an absolute drawback per se, but it poses restrictions on certain types of users. Leverage involves using debt to finance the purchase of assets, expecting that profits from the trade could cover both the debt and bring net profits to the trader. It’s a risky endeavor where a trader takes on borrowed capital to pair with their own money and make trades. Founded in 2014, Olymp Trade has grown to have a monthly trading volume of $150 million from traders across 134 countries. Its data shows the platform has over 25,000 clients trading on it every day.

While it would be beneficial to have more account types on offer, most users should find something to work with by choosing either a standard or VIP account. OLYMP TRADE users can test out its platform with this free demo account before they decide to invest real money. A demo account comes pre-loaded with a balance of £ virtual funds and offers all the options of a paid standard account.

The specialist team generally replies promptly and offer their best to help. In the picture below you will see our withdrawal request. We made a payment of 90$ with the payment method Neteller.

There is more information about https://forexhero.info/ on the Internet than you can imagine. Long before I even registered here, I knew it was something big. I started with only 100$ back in a days and yes I got welcome bonus. Money doesnt matter when we talk about trading. Besides good free educational programm you also get an access to individual training and private webinars with vip account.

The regulator is based in Hong Kong and London. It is an international authority for international brokers and is a little bit different from the regulatory authorities of countries. From our experience, it is a trusted regulator and a fraud by Olymp Trade can be excluded. All in all, Olymp Trade shows that it is a real and legit company that is officially regulated.

Wallfort Limited is registered at Agias Zonis & Thessalonikis, Nicolaou Pentadromos Center, 5th Floor, Flat/Office 503b, Block B, 3026 Limassol, Cyprus. The company can be reached at email , live chat, and several phone numbers. I feel that the brightest characteristic feature of the broker is its technological side.

The maximum duration for withdrawal is 3 business days. Olymp Trade offers status updates for your account. You can get an upgrade to your real account if you deposit $ 500, $ 2,000, or more on the platform. The Advanced and Expert Account got a lot of different advantages for traders which we will discuss in this section.

People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. At first, I was not used to working with broker’s platform. It is noticeably different from the classic platforms that many brokers use.But as it turned out, it has its advantages. As this platform is a development of the broker, it is fully adapted to the broker’s conditions.

Only when you trade forex there is a trading commission to open an order. The platform offers a wide variety of educational resources to help traders with trading strategies, and technical analysis. This company is a reliable and trustworthy trading platform. I have been trading with them for a while now, and I have never had any issues with withdrawals or deposits, placing my trades, or placing orders as well. Their customer service is prompt and helpful when called upon. Olymp Trade believes in trader education and thus organises training webinars almost every week at no cost to all interested clients.

She kept telling me that all the olymp trade broker reviews I had paid in would be returned, the question I asked was why do I need to pay it if it will come back to me. I can now withdraw the money but don’t have any funds to do so. I work once in several companies and here it is most comfortable, first of all, because of the really understandable and super adequate platform. Satisfied that there are a bunch of indicators and oscillators by default. And in general, the profitability here is not bad, especially if the depot is brought to the required size, VIPs can have up to 90% from the transaction. I work on 60 seconds, I take a maximum of 5 minutes, though then I can’t do without analysis.

On the bottom of the page, there is information on open and closed trades along with a help chat. The design makes it easy for users to see only what they need in a simple and clear presentation. With so many scams in the industry, it’s important to do your due diligence before signing up with any trading platform.

• The company is very reliable and has a very responsive service.
• Olymp Trade is a member of the regulator of the International Financial Commission .
• I generally like the fact that my broker and many others have started to make a significant emphasis on training.
• I don’t reject the very ideal of long-term trading but I rarely catch the right moment to enter the market.

Our priority is customer service and we are ecstatic that we met that mark! Olymp Trade strives to provide the best trading conditions for our users. We are glad that you are satisfied with our offers. Olymp Trade is providing the finest trading conditions for users.