Is Olymp Trade a Scam? Read This Brutally Honest Review

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Just go into the account dashboard and click on “withdraw”. Most withdrawals are processed within 24 hours. We tested the process and the money was in less than 5 hours into our account.


However, if you’re sure that you’re right, than you can just start a blog and show this scam with proves. I can’t claim that OT aren’t scammers, but I have my own experience and I see no problems. Also, most such reviews, like you, are without proves. I think that if you have proofs, that will be cool to provide them.

With a VIP account, your customer support experience is even more phenomenal. In part, this is because Olymp Trade is backed up by FinaCom. If they do not resolve an issue after 14 days, you can file a dispute with FinaCom. Customer service is usually fast to resolve any issues before it gets to this point.

A lot of social media like Facebook, Youtube are involved to stay up-to-date, exchange experience and tips with other traders. If the question isn’t resolved in chats/forums with traders, I get almost instant replies from support. Everything because olymp trade provided me with cool conditions which helped me to start sorting out in trading activity and start earning money. I need more time to get used to this platform because previously I traded with Metatraders only. I’m struggling to choose an optimal fixed amount to avoid a pullback. Nevertheless, it’s very interesting for me and I realize that I need more practice to benefit from this.

Olymp Trade Risk Management

Then, what strategies work best, at what time you made the best investments. You can, for example, discover during trading candles on the EUR/USD currency pair that the highest payouts you receive between 10 am and 11 am. And thanks to having this piece of information you know when to trade this specific currency pair. Olymp Trade offers binary options trading on currency pairs, cryptocurrencies, commodities, and other tradable assets. Many newbies wonder if it is realistic to make money with OlympTrade broker. The feedback from experienced traders proves that any trader is able to make a profit on the platform on a regular basis.

I understand that anything can happen, but after 2 years of working with Olymp Trade, I have only positive experience. But the situation with stocks is not very good now. The unique Olymp Trade platform offers many tools. There are candlestick charts offering several time frames and indicators to choose from. To name a few, there is RSI, MACD, SMA, and Stochastic Oscillator. One-click trading is also available and the platform can be switched from Live to Demo with a couple of clicks. Trading PlatformAs you see in the picture above multi-charting is available. You use different indicators and chart types to analyze the market. On the platform, you can find any function with less than 3 clicks. It is a very clear platform and all the functions are available for mobile and desktop. Olymp trade bonusIt is possible to activate the bonus or not. After you activated the bonus and made the deposit you will get an additional bonus balance in your account.

Olymp Trade Review 2023: Is Olymp Trade Legit or Scam?

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. Olymp Trade offers 24hr support and helps to all its registered customers.

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This means that almost anyone can join the platform and become a trader. OlympTrade platform is a popular online trading platform, and has been serving customers since 2014. But what makes Olymp platform a reliable choice for many investors out there? There are a number of reasons why Olymp Trade is the choice platform of many informed and experienced investors out there.

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Those who love can use the leverage to the fullest, here it reaches 200. Over the past few years, Olymp Trade has greatly increased its level of services provided for trading on financial markets. Besides the fact that they honestly pay all the money, they are also a highly innovative platform.

minimum deposit

In order to start trading with Olymp Trade, the minimum amount is ten dollars, so anyone can join the financial technology company and start trading. Technical support is available 24/7 with a multi-lingual team of specialists, available by email, phone, and chat, which are always ready to respond quickly and efficiently. To open a standard account, you have to deposit at least $10. Investors can trade a minimum of $1 and a maximum of $2,000. The minimum amount for withdrawal is $10, and there is no maximum.

The broker gives risk-free trades or to put it another way allows to trade at the cost of the broker. Despite the number of such trades is limited and given mostly to VIPs, it makes sense to opt for this. If you are correct with your market forecast, you can open and hold a trade in the gree for free. By the way, it’s much easier to become a VIP with this broker than with other brokers – just $2300. And of course, the company cannot guarantee the result – it is true.

Free Olymp Trade demo account for everyone

Any client who is interested in being educated in the trading industry has access to do so through a live stream via Facebook, or join the webinars available on YouTube. The FPA itself recommends extreme caution dealing with any binary options company. After this training, Olymp Trade then provides ways to start trading, where you either use a demo account for trials or deposit real money to buy real assets. To open a standard account, users need to deposit a minimum of £10.

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With a responsive design complete with the same capabilities as the web version, traders who are operating from their smartphones certainly aren’t missing out. Standard – When a user has deposited between $10 to $1,999. Comes with the standard trading features such a $1 minimum and $2,000 max trading limit. The tiers of Standard and VIP accounts are determined by the amount of money a user has deposited to trade on Olymp.

Risk-Free Trades

Trading conditions are quite competitive as there are no spreads, commission only. Nice broker with decent trading conditions and cool platform. 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.

  • They invest huge amounts, they use random strategies, they do not think much.
  • It didn’t take me too long to accomplish the verification.
  • At first sight it seems very easy compared to classical Forex, but it’s an illusion.
  • Investors should consider their investment objectives and risks carefully before investing.
  • The minimum amount to deposit to start trading on this platform is $10.

With it, you will have confidence and experience in your knowledge and skills. In the demo account, you can gain them at no cost. We are glad that you are switching to the real account. We commit to a high level of customer satisfaction so we build a support team to be helpful, caring, and functional. I believe traders who have ever changed the trading platform know what I’m talking about. We encourage users to learn and practice trading seriously before any deposit.

Olymp Trade offers to help manage and guide new users with recommendations and a pre-made trading plan which promises returns of up to 92%. Olymp trade offers 100% negative balance protection for its users. This system provides two-factor authentication to safeguard user accounts. Since its inception, the broker has become one of the most reputed online brokers owned by Saledo Global LLC First Floor, First St. Vincent Bank Ltd Building.

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But now they’ve fixed everything if there was something to fix…I can say only one thing, I think it’s a trustworthy comapny that is reliable when it comes to payments. Hi gaurav, i am also using olypm trade but i have doubt. Because out of 10 reviews 8 reviews were negative regarding withdrawal request. The trading goes well and the platform is convenient and fast.

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The maximum withdrawal amount depends on whether it is a VIP or standard account, with the minimum always remaining at $10. The funds will go back to whatever payment method the trader used to deposit the money. Both standard and VIP members enjoy fast withdrawal processing times. Withdrawals take 24 hours to 3 days for standard investors.

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It is completely free and there are no restrictions on your account. There are only advantages to it and we recommend taking the free bonus. Some of the deposit methodsThedepositsare made instantly to your account balance by electronic methods. In fact, is it quite easy to deposit money on the platform? Traders can choose to take a free deposit bonus or not.

2) Should I get a Visa olymp trade broker reviews or master card from the bank that will be linked to the account., which of the card and how will I link the card to my olymp trade account. It is important to us that our traders are more than satisfied. Can you please specify your account ID number?

The essence is simple, the higher status you achieve – the better trading conditions you obtain and that’s fair, so more active traders with higher deposits get better conditions . Sometimes there may be small problems, but everything is quickly resolved. There is a large list of services for withdrawing money, but almost every broker has one. Not long ago I downloaded their mobile application. But the truth is sometimes not convenient and not interesting. It is good that this platform has recently appeared with OlympTrade and you can trade traditional Forex.