The most important thing when it comes trading Options is to choose a broker like Olymp Trade that you could rely on.
It is a regulated and award-winning online investment platform, especially for new traders.
We are here with this Olymp Trade Review which will help you to have an idea of what is Olymp Trade and its platform.
Olymp Trade started their journey in 2014 as a binary broker. Now Olymp Trade is a high-tech IT product.
They have improved and made a seamless trading platform for their traders that will help them to achieve a high return.
The minimum deposit amount starts from $10, which will help you to get a return up to 80%.
Moreover, they have received numerous trading awards for their transparency in the financial market.
Traders can share their trading experience through the trading club. You can share your experience through the trading club which we will discuss broadly later in this review article.
The broker is offering more than 70 trading instruments along with trading tools, indicators, trading signals, quotes list, trading news, analytics, and many more.
Olymp Trade Review- What is Olymp Trade?
Olymp Trade was founded in 2014.
At the very beginning, the company focused on customers from CIS countries. However, they have now traders from Southeast Asia (Indonesia, Malaysia, Vietnam, Thailand), Latin America (Argentina, Brazil), India, Pakistan and Arab countries.
This international online trading platform is now offering Forex trading for their traders.
The trading broker continuously improving their trading platform based on the trader’s needs and market trends.
It is owned and operated by Inlustris Ltd
The domain and all rights belong to this managing company.
Smartex is a brokerage company which provides options trading service.
The Registration No. is 25161 IBC 2018. The company registered at James Street, Kingstown, First Floor, First St Vincent Bank Ltd Building, Saint Vincent and the Grenadines.
You can also consider it as a reliable broker because it is a Category “A” member of the International Financial Commission or FinaCom.
They joined in this commission on February 22, 2016.
This membership proves that Olymp Trade provides high-quality service to their traders.
The broker has its own proprietary trading platform which is user-friendly and easy to use. Moreover, they have created a unique trading platform so that, any type of trader can try their hand in trading.
Each month, the amount of payouts increases by 7% (on an average).
Everyday more than 25,000 traders trade on a live account. The size of the monthly average trade is $4.7.
You will find the educational blog in your native language.
Olymp Trade is operating their business all over the world except few countries like UK, USA, Europe, Japan, and Australia.
They are providing their services in 12 different languages where English is the main language.
Why Olymp Trade:
As a trader, you need to research on a broker to find out their unique features apart from the regulation.
There are numerous trading tools that will help you to trade the most volatile asset classes like forex, stock, crypto etc.
In this section, we will mention the Olymp Trade unique features which will give you a clear idea before investing money.
Olymp Trade Regulation
In 2016, Olymp Trade considered themselves as a Category “A” member of the International Financial Commission.
Olymp Trade is giving an assurance to their traders, that the platform is safe and secure to perform the trade. If the broker does any fraudulent activity with a trader, then he or she will get up to $20,000 from the Compensation Fund.
Olymp Trade ceased cooperation with CROFR in late November 2016.
In September, Olymp Trade was certified as a quality broker by an independent service Verify My Trade
This trading broker is also certified by the FMRRC (Financial Market Relations Regulation Center) which is the main regulatory body in Russia.
Awards and Achievements
Olymp Trade has been running their business for approximately 5 years.
They are growing and improving their services day by day.
They have won numerous awards for the Excellency in the trading service.
In their website, you will find a list of awards which includes the following:
Olymp Trade Trading Platform
Olymp Trade has its own trading platform. Anyone can trade with Olymp Trade FOREX an Olymp Trade OPTION accounts on the platform. These accounts are separated and have different interfaces.
The platform is designed for thinking about new traders who have zero experience in the financial market.
This is the platform where you can not only trade and earn money, but also learn, compete with other users, participate in tournaments, and many more.
Olymp Trade uses the quotes of the major investment banks and proposes a weighted average price on the platform.
Olymp Trade supports 12 languages. You can only trade in two currencies: US Dollar and Euro.
After opening an account with Olymp Trade, a trading platform will open automatically.
The first thing you will see a moving chart. This is an asset chart.
You can choose all assets from the asset list or can select a few which you want to trade.
By clicking on the bookmark you can switch between the assets.
You can switch between the Options platform and the Forex platform.
You can fund your account and make a profit by clicking “Make Deposit” button.
On the left side, you will find a list of where you can select the necessary trading option.
The list is combined with all trading information such as deposit, withdraw, your trading transactions, trades, quotes, education, analytics, company information, regulation, additional information.
You will find all trades for both the demo and live account depending on the trading status.
The status will indicate either your trade is going correctly or not.
It will show the status if you sell an asset by using the trading platform.
Traders can see the live quotes of each assets depending on the date, time, and the time zone.
Olymp Trade is continuously developing its trading platform to fulfill the clients’ needs and based on the latest industry standards.
As we mentioned before, Olymp Trade has two different platforms for Forex and Options. So, we wrote the platform features separately so that you can understand easily.
In both demo and real account, you will find charts and indicators. The trend indicators will help you to analyze the market properly.
Olymp Trade Advantages
Olymp trade is a member of the FINACOM.
This is the main advantage of this trading broker.
The main objective of Finacom is, to protect trader’s investment and also protect them from any kind of broker’s fraudulent activities.
The membership is proof of the high quality of our services and guarantees each trader deposit insurance, comprehensive support and prompt resolution of all issues.
As per the rule the trader will get- “Indemnification Up to €20,000 from the Compensation Fund if you are a victim of broker fraud.”
The trading platform is easy to use for all types of traders.
Olymp trade broker offers commission-free trading to their clients. You can also enjoy the risk-free trading in the real account.
Go to the platform and activate the Risk-Free trade to save money if the prediction goes wrong.
In-depth educational resources for all types of traders.
Eventually, finding a trustworthy options trading broker is now difficult.
From that point of view, we will give a positive rating for this broker platform.
Olymp trade is a huge player in the digital options.
It is not necessary that you have to be regulated for being a legit broker.
For being a legit broker, you need other unique features along with proper regulation.
However, we got all the positive things in this broker platform.
Olymp Trade pays out over $9 million dollars in each month.
Previously, we mentioned about Olyp Trade Scam. We were unable to find any scam activities done by this broker. Although, we reviewed many forums and websites to find any negative scam reports against this broker.
Except for a few minor complaints, we mostly found positive comments.
So, enjoy your trade with this seamless trading platform by investing as low as $1.