Olymp Trade – a review of trusted and reliable trading platform

Min. deposit
Min. trade price
Website address
Demo account
Supported languages
Eng Rus
* The amount that will be credited to the account in the case of a successful deal
General Risk Warning: Your capital might be at risk

Olymp Trade is a young Russian platform founded in 2014. This is one of the most famous broker companies in the CIS, which has the category “A” of the International Finance Commission. Initially, the broker was created for the Russian market. Currently, the number of customers of Olymp Trade steadily increases, in combination with the proposed trading conditions, modern service and software, it is possible to safely assume the stability of this trend.

The main feature of Olymp Trade is that it is the only one who offers traders with just one type of Call / Put fixed time trades with expiration period from one hour to one minute. In other words, this broker is an excellent choice for traders who trading on small amounts, as there are no opportunities for fundamental analysis as such.

The owners of the presented trading platform is Smartex International Ltd (Seychelles Islands), which is additional proof of its reliability. But, despite the above factors, many users consider this broker unreliable, and some argue that this is a common fraudulent scheme. To answer the question, who is actually Olymp Trade, it is necessary to study in detail all available information about it, filtering out subjective conclusions and assumptions.

The main trading conditions of Olymp Trade

Regulated – CROFR, FINACOM

Supported Languages – Russian, English, Thai, Portuguese, Spanish, Indonesian, Turkish, Vietnamese.

Trading Platform – Olymp Trade

The minimum deposit is $ 10

Maximum deposit – no limits

The minimum investment is $ 1

Maximum investment – $ 2000

Profitability of trading platform up to – 90%

Welcome Bonus – up to 50%

Demo account – Yes

Trading instruments – Above / Lower, Short-term (60 seconds, 2 and 5 minutes)

Refund – up to 60% in case of a loss-making transaction (refund rates – up to 80%)

Number of assets – 20 (currencies, stocks, commodities, commodities, indices)

Deposit replenishment – Plastic cards Visa and MasterCard, QIWI, Webmoney, Yandex Money, NETELLER, ePayments, Skrill and Fasapay

Apps – Android, iOS

Account currencies – American dollar, British pound, Japanese yen, euro, Swiss franc and Russian ruble.

Web-based platform – no download required.

Automatic trading is not provided.

It is possible to cancel the transaction.

Every day / 24 hours a day there is a professional customer support service (for communication you can use the online chat on the broker’s website).

Based on these indicators, we can conclude that the presented trading platform does not fall into the category of classic fraudulent schemes, which, as a rule, are designed for a short period of work and sufficiently high deposits for potential victims.

Registration and trading account from Olymp Trade

Olymp Trade offers almost instant registration of an account. All you need to complete the registration is filling in 4 required fields (name, surname, e-mail, phone number) in the desktop version of the site or several areas in the mobile application. A pleasant plus is to start trading with Olymp Trade. You will not need to check your email for the verification letter.

There is an opportunity to start a trial trade on the Demo account without restrictions on the use of time. You will also have an amount of $ 10,000 in cash that can be used in the trading process at any convenient time, and even after the actual commerce begins. But it is worth remembering that if the funds on the Demo account are lost in the trading process, it will be impossible to recharge.

To date, the broker offers only one type of trading account, with a minimum of $ 10. Also, depending on the account currency, it is possible to enroll an introductory bonus of up to 100% of the deposit amount, which is not subject to withdrawal. Regardless of the amount that the trader makes to his trading account, he will be provided with training materials, analytics and professional market reviews from Olymp Trade.

Olymp Trade Basic Assets

An important role for the majority of traders is played by the number and assortment of trading assets that the broker provides to his clients. On Olymp Trade, you can conduct transactions with currency pairs, stock indices, stocks, commodities and some crypto-currencies.

Speaking about the proposed assets, then their number is limited. You are given a choice of Bitcoin and currency pairs which also include $ / rub and € / rub. Several types of commodity assets are also available on this site, in particular gold, silver, platinum and oil. The highlight is the asset Random they can trade at any time, and its price varies unpredictably. In fact, this asset will be interesting to beginners, rather than experienced traders. Also, you should pay attention to the indices, directly CryptoIndex, which is the author’s development of Olymp Trade, based on the prices for call fixed time tardes Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC).

Trading conditions of Olymp Trade

On Olymp Trade, the minimum transaction amount is 30 rubles, while the minimum amount to replenish the account is 350 rubles / 10 $ / 10 €. Also, the broker suggests using a Demo account with a balance of 10.000 units of the selected currency, so that a potential trader of the site could fully appreciate its advantages. The minimum transaction amount, depending on the account currency, will be 30 rubles/ 1 $ / 1 €, and the maximum amount – 150.000 rubles / 2.000 $ / 2.000 €. While for VIP users, the maximum transaction amount, depending on the account currency, will be 400,000 rubles / 5.000 $ / 5.000 €.

Olymp Trade sets limits on the size of positions for one instrument, depending on the currency of your account, in the amount of:

• 750,000 Russian rubles / 10.000 $ / 10.000 € for non-VIP users is;

• 800.000 Russian rubles / 10.000 $ / 10.000 € for VIP-users;

• for all users – 1.600.000 Russian rubles / 20.000 $ / 20.000 €,

and also on all tools for all users – 1.600.000 Russian rubles / 20.000 $ / 20.000 €.

Input and withdraw of funds

To replenish the trading account it is possible with the help of bank cards Visa / MasterCard and payment systems QIWI, Webmoney, Yandex Money, NETELLER, ePayments, Skrill and Fasapay. After opening a real trading account with Olymp Trade, verification of a personal account will not be required to withdraw funds to a bank card and / or electronic payment system, from which the account was initially replenished.

The minimum amount allowed to withdraw funds from the trading account is $ 10. The maximum withdrawal period is 5 working days (after the registration of the application), but 90% of applications are processed within 24 hours. It should be noted that the process of withdrawing money from the account is rather simplified, in comparison with other brokers, because the commission from payment systems will be accepted to the account of Olymp Trade.

Trading platform Olymp Trade

The uniqueness of the trading platform Olymp Trade makes it possible for a broker to be a competitive participant in the fixed time trades market, and at the same time, an advantageous partner. The PC version is completely comfortable to use, because it is adapted to various screen resolutions, which allows you to conduct transactions without any inconvenience. Also, the “one-click deal” function is available. Regarding the mobile version of the platform, while Olymp Trade did not announce its development.

For some, this platform is a trader, because the broker offers only one type of instrument for trading, namely the “higher / lower” fixed time trades. In addition, 6 time frames are supported, from 1 minute to 1 hour.

In the left part of the trading platform there is a block displaying the trades of other traders. If you lose funds from a loss-making transaction, a small window will appear in which the trader will be asked to go to the training section, or see the signals available at the moment. The ability of early closing the deal is available, but only if there is at least 1/4 of the total time of the fixed time trade before the end of its expiration.


At the official website of the company, each user can find such a service as joint trade with an experienced analyst, which greatly facilitates the process of training novice traders. Many clients of the broker managed to get all the knowledge necessary for work in the world financial market, using only the materials presented on the Olymp Trade.

At the broker’s website, training materials for both beginners and professional traders are freely available. On the main page there are links to the section “Training” and the section “Analytics” for the competent analysis of the market and making the correct decisions by the trader.

In the “Training” section are collected training video materials that contain practical information, terms, questions and answers. Also here is an e-book about all the intricacies of trade from experts Olymp Trade. In addition, webinars are held about the practical side of the trading process, where everyone can ask the question that interests him.

The section “Analytics” contains an economic calendar, signals and a “live” schedule with the possibility of adding indicators and constructing structures for conducting their own analysis. In addition, the section added market and volatility reviews at different times in the context of currency pairs.

Customer support for Olymp Trade

Olymp Trade provides professional customer support in 24/7 mode using an online chat on the website. All answers to the questions asked will be carried out exclusively by professionals who have experience working with financial markets. Language support – Russian, English, Thai, Portuguese, Spanish, Indonesian, Turkish, Vietnamese.

This trading platform, which is considered to be the best choice for beginners, despite its use by large players of the binary market, still has some not so positive qualities that are worth summarizing, namely:

• a limited number of assets (13 pieces) and one type of fixed time trades

• access to the Demo account and webinar is possible only after the user registration

• Withdrawal of funds about 3 days, which is possible only after the provision of personal data (including scan of the passport), in 90% of cases within 24 hours

• The trading platform is designed, first of all, for beginners (some professional traders consider it too “simple”).

But all the same, despite the above-mentioned facts, Olymp Trade has the following advantages:

• various bonuses and rewards are provided to the broker’s clients;

• A trader can monitor the situation on the site, regardless of his location (the main thing is the availability of the Internet and the corresponding device);

• the minimum deposit amount is 350 rubles, which is equal to the sum of the minimum withdrawal (!)

• deposits are kept with the European Bank

• profitability of transactions is up to 90%

• availability of a demo account

• free access to analytical and training materials

• the broker owns licenses of serious organizations (!)

• reliable protection of personal data and financial information is ensured

In conclusion, I want to add that this broker deserves your attention, especially if you have not yet decided on the choice. After all, if you, for some reason, want to change the broker, you can easily withdraw the invested amount of money. And remember that at the current time, the broker additionally accrues a monetary bonus for the first replenishment of the account balance.

Promotion code BIGSIG30 for our readers for 30% of the replenishment amount, valid until 2021-03-31

Olymp Trade – perfect platform to try yourself at trading!


General Risk Warning: Your capital might be at risk