Olymp Trade review 2022: Is it a trusted broker or a scam ?

This is a cool tool and a great opportunity. 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.

Your aim is not just to understand the market, but also to take into account that the company wants to make profit on you as well. We have to look the truth straight in the eye. I think that 95% of them don’t get your money to the market. I may mistake, of course… But… What is binary options? This is roulette for those who have not traded at the Forex market. But only for those who have not traded seriously.

Olymp Trade forex brokers reviews

The conditions are good, the average return on asset is 80%. I think it’s quite good, taking into account the number of assets the broker provides. With the Olymp Trade you may find the golden ratio of forex options brokers best like offers, bonuses and 24/7 support team which always ready to help and consult any upcoming issues. Olymp Trade is focused on providing access to markets regardless of the size of the investor. OT began in 2014 but now has over 200,000 clients on their platform monthly.

GlobalTrading26.com Forex Broker Review ( – SCAM

If a broker contacts you out of nowhere and invites you to free lunch, you should not get too excited. These tactics are usually practiced by scam brokers. They would use this as an opportunity to capture your personal details. The best way to find out if a broker is legitimate is by conducting research on the company. It’s easy, just ask around and see what other people are saying about it.

It took me less than 5 minutes to deposit via credit card. The account balance showed up in a platform immediately and I could start trading right away. For me, trading is a hobby and I trade exclusively in a mobile application. Options trading on the Olymp Trade platform is also available through a mobile application that can be installed on any device. The application works with a single account in the company and has a convenient interface.

  • It may take time to get to know the trading mode, especially Fixed Time Trade.
  • Read the review and realized that it’s complete bs.
  • The trading conditions are, like everything else, hard to find information on.
  • They should go to the Olymp trade website or mobile app and click the Register button.

In essence, you give up the currency you have with you in exchange for another country. You normally do this when you want to conduct a transaction with the other country’s currency, and not really for speculation or LimeFX purposes. The risks involved are great, but the potential profits are usually not worth it. The support options at Olymp Trade consist of three phone numbers, a live chat, and an email address. They all work 24/7, which is a nice improvement over 24/5 since you can save time by getting your issues resolved over the weekends. The options are unavailable before you register, which doesn’t work well with the vagueness of information about the broker.

You see, lots of people get stuck with their trading simply because their broker does not allow any profits to come in. There are tons of measures they can take to prevent you from profiting and you will never know!!! Discipline, emotions, proper systematic trading… yes, people often lack this but success on the market is not limited to these things only.

It is wonderful that the Olymp Trade platform is your choice. We believe that your case is very similar to any new traders. We need more time and practice to get used to the trading mode. Because you are familiar with Forex, then Fixed Time Trade will not be so difficult for you to obtain. I feel I need to spend more time here to understand how to benefit from this platform.

GLENRIDGE CAPITAL Forex Broker Review (

From the outset, as a binary options broker, they are involved in a riskier aspect of the trading industry. With that, being based offshore in Saint Vincent and the Grenadines is not helpful to their reputation for trust. Given the nature of binary options trading, though, this still pales in comparison to some of the major forex regulatory organizations around the world.

  • Of course not, I didn’t understand how you can and should analyze the market.
  • Except for fixed amounts, there’s nothing unusual for me here.
  • Thank you so much for taking the time to leave an excellent rating.
  • It helped me to get used to the interface, learn new trading strategies and experiment with the demo account.
  • Two years ago, I was excited about Olymp Trade.

I’ll briefly describe you the main pros and cons. Pros include regulation by Finanaclial Comission , if you will lose some money cause https://limefx.group/ of brokers fault, this regulator will give you a compensation. Also, Olymp is fast in terms of making deposit and withdrawing money.

I am trying to withdraw the profits from the account but I am being asked to pay the tax upfront. Can you please share your experience of withdrawing the profits or guide in the withdrawal. You can also share your trading experience with Olymp Trade by commenting on this review. Unfortunately, Olymp Trade does not accept clients from the United States, Europe, Canada, Japan, Australia , UK, Russia, or Israel. So, except for Olymp Trade, you are only permitted to trade with the U.S regulated platforms. All I have to say is that I am not afraid to use this broker, I am not afraid to take advantage of them.

Is Olymp Trade a regulated company?

Usually, if something bad happens, we immediately run to leave complaints in blogs, on forums, in the support service. If everything is well, we usually trade quietly, withdraw our money and do not waste our time writing positive reviews on the Internet. That’s why the absence of bad in this case is already a good thing. By the way, surprisingly, but there are a lot of good reviews online about the Olymp Trade broker.

When I firstly entered olymp trade platform I thought that I dived into special ecosystem. It’s like I trade not with a broker, but with a huge corporation with its own community in the internet, blog in social media and other things. As was said before, reviewing the trading history is very important. I wrote my own detailed log where I specified the time, strategies, indicators, instruments, and timeframes I used. The principal rule for every trader is to minimize losses and maximize winnings.

Yeah, investing atmosphere here is good as trading one. So, here you can be an investor and a short-term trader and even a scalper . There is a full set of required tools, you can check out the news and even read the articles limefx reviews which the broker publishes in the blog from time to time. I adore those brokers which offer as much security system as they can. It tells about their reliability and their willingness to secure client’s funds and data.

I stay in touch with traders from olymps blog so we a friendly competition between each other. Trading with olymp is a new chapter in my trading career. Now i use trend lines, some indicators and of course analyze my statistics after each trading sessions. Also, as for trading fees, I would note that the broker charges fees for holding a position overnight .

Additionally, there’s a mobile client you can download and trade on the go. It’s doesn’t cost anything, and you can get it from either the Google Play or Apple App online stores. As we’re unsure about how the accounts are different from one another, we’ll just present some of the specifications Olymp Trade provides without tying them to an account. So after some more research, we revealed that some sites had accused Olymp Trade of paying for fake positive reviews.

Company Overview

It’s no big deal actually, there are no commissions for that. Olymp trade has been operating for years and I am surprised to hear that they are a scam broker. Everything works fine in demo, as soon as you go live everything turns to shit. Chart freezes, prices zoom the other way to impossible levels so you can never end in the money.

Olymp Trade forex brokers reviews

That’s not my style since I prefer long-term LimeFX. On the other hand, I learned that the broker also supports Forex trading and it’s accessible not only on their web platform but also on MT4 that can be downloaded separately. As for the convenience and functionality of their web platform, it generally suits me and I guess I will open a real trading account with this broker soon to have a more real experience. And of course, the company cannot guarantee the result – it is true. Because 95% of what happens depends on the trader.

Hot Line – Olymp Trade can be reached by phone with a free number and is available 24/7. Nice thang you can train on demo to avoid losses. Numerous strategies can be applied in this mode. This is priceless for the people who are not redy to devote their whole life to trading and give up their current careers, whatever it may be.

Key Features Offered by Olymp Trade

I, too, before I started trading, read different reviews about the broker, and of course I saw different opinions. But nevertheless this broker was recommended to me by my friend, whose opinion I trust as well as my own. I did not use a web platform, but traded directly on their personal trading platform, which I did not have to adapt to, because everything seemed clear to me right away. I was not even worried about the profit, because I have seen many times that a friend withdraws money to his card account and I have never had any complaints from him about this.

And as I trained for a demo, everything went well. Along with training materials, Olymp Trade offers free demo accounts. Those who registered get access to 10,000 virtual coins to play around with. This way, traders don’t risk losing any of their real money while getting over the learning curve. Read the review and realized that it’s complete bs. The broker offers only commission for trades.