When someone establishes an account, they must go through a validation procedure known as KYC. This brokerage was also registered with Finacom, one of the authorized organizations that assist clients in protecting their funds. Another important point of this review is the support and service for traders.

Video Review of OlympTrade

Similar 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 analytic tools, indicators, and chart types for trading.

Web Platform

The Olymp Trade proprietary trading platform has a simple and convenient interface that even the most inexperienced trader can navigate. The content on this site encompasses general news, our analyses, opinions, and material from third-party sources, all designed for educational and research aims. It is not meant as direct advice or a prompt to undertake any specific action, including investments or purchases. Before making financial decisions, we urge you to conduct thorough research, exercise personal judgment, and consult with professionals.

• The texts on this page are not are not investment recommendations.
• Lastly, they have received a handful of brokerage awards but nothing compared to other top-tier brokers we have reviewed.
• It provides the services specifically for a broad audience, so all the materials are in a trader’s native language, and so is the managers’ support.

Deposit and withdrawal

From our view, Olymp Trade is a good platform for trading. Moreover, it offers very fast order execution and a user friendly interface. The customer support is available 24/7 and deposits and withdrawals work without any problems, making it a great platform.

Trading Futures olymp trade broker reviews and Options on Futures involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. Opinions, market data, and recommendations are subject to change at any time.

Also, access to these markets would normally take traditional accounts. With the margin requirements and software that many trading platforms require, Olymp Trade appeals to the masses as they offer a simple way to begin trading. As with any trading this style of investing may not be for everyone as with any market exposure there is a level of risk involved. It is up to you the individual to understand the risks and know if this is the right system for you.

Withdrawal of Funds

The next option that clients will have is to use their proprietary mobile app. As we said, there is no information regarding any of their trading platforms (image below). Even heading to the “app” section only provides information on how to download the app for the various platforms.

• This 24hr customer support is a golden standard for businesses and thus a reason we recommend Olymp Trade.
• This document will provide you with information regarding how the trading process happens and what must take place before the trade occurs.
• In addition, you can ask questions and chat with other traders.
• There are no spreads or fees on fixed-price trades, and the broker also refrains from charging commissions on deposits and withdrawals.
• However, these complaints were relatively insignificant in terms of the issues encountered by the broker clients.
• However, those actively trading Forex or stocks should consider additional transaction fees, spreads, and swaps expenses.

Most traders get their first experience with this account by practicing their first trades. The account is useful for getting your first impression of the broker. Beginners and advanced traders can improve their strategies without risk. Olymp Trade offers to invest in rising or falling markets. You can buy short (put) and long (call) fixed-time trades or trade forex. The financial products are very flexible and tradeable for different underlying assets.

For all scary traders, you can not make a debt on the platform. With forex trading, it is possible to set limits for the profit and loss by the take-profit and stop-loss. For example, you invest in a currency and sell the other currency. Also, short trades are possible because you always trade two different currencies in one currency pair. For the withdrawal, you can use the same methods as the deposit. Just go into the account dashboard and click on “withdraw”.

Especially many adverts about brokers appeared on YouTube. Extremely popular the video clips of «Trader-rapper», «Trader from Rublyovka» and even of a girl in lingerie, hot upon a topic of OlympTrade she fabulously gains with. Such «professionals» advised the market players of «safe strategies», unique techniques allegedly securing incredible incomes from investments.

Account Opening

Use the online contact form on the support page to contact a customer service agent. Withdrawals can take 1 day, but funds are usually withdrawn in minutes if the account is verified. Olymp Trade is a registered broker in St. Vincent and the Grenadines, so any money deposited on its platform is insured by a bank. This is important as you’ll know that your money on the platform is insured from malicious activities such as hacking and theft. Depositing on Olymp carries no fees and is direct, with the minimum deposit being $10. For the deposit methods, cryptocurrencies and debit/credit cards tend to be the fastest methods and bank transfers the slowest.

And the result of the document verification you will find on your email because you will receive an email with notification about the result. Deposit and withdraw methods are same as for any other country. Withdrawals can be made from these payment processors as well. Typically the Service Agreement is fairly straight forward, but it is up to you to determine if you agree with the content.

Where other brokers will have separate “sections” for everything, this broker tries to encompass it all in their blog, and they do so pretty well. The registration process with this broker is fairly straightforward. The first thing you need to do is to head to their official website. Here you will find the “registration” button (in blue) on the main menu’s right side. It should be noted that no matter your region you will still be directed to the main website for this broker.