Olymp Trade Review
- Excellent trading platform
- No commissions or fees
- Potentially very lucrative with payouts of 92%
- Great educational resources
- Limited array of tradeable assets
- Limited customer support options
Olymp Trade is a highly reputable online trading brokerage offering traders the opportunity to participate in binary options trading. The brokerage is very well recognized around the globe and has won numerous awards from various international publications. The brokerage was founded in 2014 and is owned and operated by Smartex International Ltd. Olymp Trade offers their services to traders from around the world but is based out of St. Vincent and the Grenadines with their headquarters located at Suite 305, Griffith Corporate Centre P.O. box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines. As far as regulation goes, Olymp Trade is a member of the International Financial Commission and is therefore a safe and reliable online trading brokerage. Olymp Trade continues to innovate and grow as a reputable online trading brokerage and now has more than 20,000 active traders trading each day and nearly 32,000,000 trades per month with an average trade value of $4.50. Therefore, Olymp Trade is obviously a reliable and trustworthy online trading brokerage, but are they right for you? Find out in our in-depth review where we discover what makes Olymp Trade so special and analyze the quality of services they provide.
Olymp Trade provides traders with their very own proprietary web based trading platform that’s compatible and optimized to work on all devices including desktop computers and smart mobile devices. The platform is accessible via the web browser interface on desktop computers and can be downloaded from the Apple App Store and Google Play Store for either iOS and Android mobile devices. The trading platform by Olymp Trade is continuously improving and innovating based on their traders needs and the latest industry trends. The user interface is intuitively designed and packed with loads of advanced features for both beginner and experienced traders. The platform comes complete with a sophisticated order book where traders can place multiple binary option order types. As well, the platform has a sophisticated charting package that comes complete with an array of drawing and analysis tools, built in technical indicators, chart types, and time frames. As well, traders can easily view their trade history and analyze their past performance as well as view new market trends via the fundamental analysis section. All in all, the trading platform by Olymp Trade is of premium quality and features everything a binary options trader needs to succeed.
Olymp Trade does not feature nearly as many tradeable assets as many of their competitors, which may be disappointing to some of the more experienced or diversified traders. However, the financial assets they do support trading for are very popular and sufficient for most traders needs. The extent of tradeable assets available are 65 different assets to choose from. These tradeable assets come from a variety of global markets including forex, stocks, indices, commodities, and cryptocurrencies. All in all, Olymp Trade features all of the essential tradeable assets on their trading platform plus the highly lucrative new asset class of cryptocurrencies.
Fees and Commission
Olymp Trade is a potentially very highly lucrative binary options trading brokerage because they do not charge any fees or commissions to their traders. All traders are zero commission trades, and all deposits and withdrawals are free of charge. Olymp Trade assumes all fees associated with deposits and withdrawals. The only way Olymp Trade makes money is when the trader loses a trade. When a trader loses a trade, the broker collects all of the money from that trade. Therefore, Olymp Trade can be a very lucrative binary options broker if you the trader know how to successfully trade binary options. Traders can potentially see returns of up to 92% on VIP accounts and up to 80% on regular accounts.
Security and Fairness
Olymp Trade is a highly reliable, secure, and fair online trading brokerage as they employ all of the latest and greatest security measures to protect their users personal information and funds. The brokerage is a member of the International Financial Commission which protects and ensures customer funds of up to $20,000 in the case of fraud by the broker. Also, Olymp Trade has been successfully operating since 2014 and have been providing fair and reliable trading services with no fees and high payouts to their traders. All in all, Olymp Trade is one of the safest, most secure, and fairest binary options trading brokerages we have seen.
Olymp Trade customer support is rather limited but of high quality. Customers can reach support representatives via email or telephone that guarantee responses within 24 hrs. As well, support representatives can be interacted with via social media including Facebook, YouTube, and Google+. Additional methods of support include an extensive FAQ page, a glossary, and a comprehensive education center complete with webinars, articles, indicators, strategies, and more. It’s clear that Olymp Trade cares about their customers and their success with the extensive level of care provided.
Overall, Olymp Trade is an excellent binary options trading brokerage with an outstanding reputation and care for their customers. The brokerage is potentially very lucrative with maximum payouts of up to 92% and zero fees and commissions. The extent of tradeable assets is limited compared to some brokers, but more than sufficient for most traders. Also, the trading platform featured by Olymp Trade is of premium quality and accommodates the needs of all types of traders. All in all, if you’re a trader looking for a viable binary options trading brokerage, then Olymp Trade could be the broker for you.
Olymp Trade Q&A
The following are the common questions that customers inquired about Olymp Trade.
Is Olymp Trade regulated?
Yes, it is a member of the International Financial Commission.
Is Olymp Trade a scam?
No, Olymp Trade is a legit broker and that’s trusted and used by many.
Where is Olymp Trade based?
Olymp Trade is based at Suite 305, Griffith Corporate Centre P.O. box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines.