Olymp Trade Review
- REGULATION: IFC
- DEMO: Free
- MIN. DEPOSIT: 10$
- ASSETS: 100+
- YIELD: 92%+
- PRODUCTS: Options and Forex
Olymp Trade appeared on the options market in 2014. Since then we have continuously created the new and improved the old, so that your trading on the platform is seamless and lucrative. And that’s just the beginning.
We did an honest review of the Olymp Trade broker and can surely answer a scam or not.
Olymp Trade is a serious platform that has not only platforms for trading, but also a whole team of top-level analysts to educate traders, develop new trading strategies and conduct webinars in all languages of the world.
Regulation and Safety
Before you start investing with brokers, you need to check their history, reliability and license. A broker must be regulated in reliable countries.
Olymp Trade is one of the most reliable brokers, it has been regulated by the International Finance Commission since 2016 and has a category “A”, which gives more security to customers.
Category “A” means that the Finance Commission guarantees monetary compensation of up to 20,000 euros. In case of emergency, the funds of traders are reserved. Thus, no matter what happens to the trader and the bank, the international financial commission is responsible for your investments.
Violation of the rules of the certificate leads to a loss of license. In addition, the regulator checks the execution of the transaction by the broker. More than 5,000 orders are filled by IFC employees. As a trader, you can be sure that you will get the best performance with Olymp Trade, approved by IFC with headquarters in Hong Kong and London.
Logging into your account has two-factor authentication using SMS, which allows you to easily protect your account from hackers.
Olymp Trade software is functional and flexible in settings, and also has a mobile version. There are many markets and assets for trading on the platform.
Like all self-respecting companies, Olymp Trade has a platform with the ability to build charts and various indicators for market analysis. The mobile application has full functionality.
Even if you are new to trading, you will go to the educational center of the company, which provides many webinars, strategies and training manuals.
A huge plus of the application is that you can connect to your portfolio anywhere and anytime. Using your smartphone, you get access to more than 200 markets. Thanks to the mobile application, Olymp Trade is popular among novice traders.
Demo account Olymp Trade
A demo account is an essential element of any broker’s ecosystem. It allows you, without parting with real money, to test all the capabilities of the platform and its functionality, as well as see how support works.
On olymptrade.com, a demo account is provided free of charge and without expiration, even if you switch to a real account, you can always return to demo trading to test a new strategy or see how the indicators behave.
To open a demo account, you just need to register, after which you will get full access to the trading platform with a balance of 10,000 virtual rubles. Unlike other companies, here you can have a demo account along with the main account and easily switch between them using a special link.
Olymp Trade bonuses
Bonuses can be used for trading and withdraw profit from them without any problems. There is no need to work off bonus funds, which is very convenient for the company’s clients. Most of these broker offers, for comparison, offer bonuses with a trade turnover of 50 times or more, which is unrealistic for beginners with a small deposit, lack of experience and a working strategy.
Olymp Trade affiliate program
If you don’t have trading experience yet, Olymp Trade has created a decent database of training materials that are available in the training section of olymptrade.com. It offers reference materials, strategies, indicator reviews, webinars, where only practical advice from market professionals is available.
An affiliate program has been developed for active traders who want to receive additional income. Thus, users can attract new participants to the project and receive from 50% to 60% of the commission amount. Payments are made weekly.