Olymp Trade is an established binary options broker that opened in 2014, offering their clients a unique binary options trading experience. Olymp Trade is owned by Smartex International Ltd., which is located at 103 Sham Peng Tong Plaza, Victoria, Mahe, Seychelles.
Olymp Trade Review
We found during our extensive review of the broker Olymp Trade, that they are operating a unique binary options trading software. Getting started is very easy as you are automatically sent to their demo trading platform to test out the usability and interface.
They have a variety of Forex pairs, shares, commodities and market index available for trading. Standard payouts are 80% with the exception of Bitcoin which is currently at 45% due to its erratic volatility. As a global broker, their website is available in the following languages; Русский, English, ไทย, Bahasa, Indonesia, Português, Español and Türkçe.
Minimum deposit amount is only $10 for a standard trading account. If you are interested in their VIP accounts which increases the payouts to 90%, then the minimum deposit jumps to $2,000, see here.
Olymp Trade Regulatory Oversight
When the Scam Broker Investigator reviews a binary options broker to see if the broker is a scam or legitimate, we first check to see if they are licensed. It is easy to know if a broker is licensed if they display a license number from the FCA, FSB or ASIC.
Olymp Trade is registered with the Financial Commission which is an industry self regulatory organization, see here. Clients for Europe, United States, Canada and Australia are not allowed to trade at this broker.
You can find the complete list of licensed binary option brokers listed here.
Binary Option Robots
A lot of new binary options investors use an automated trading software or robot for trading, however most are get rich quick scams, read why.
You can see the most popular binary options robot now available see here.
Comparing Olymp Trade
Smart investors will compare at least 3 brokers before making a finally decision which broker to use. Look at the best broker list which is updated monthly, see here.
If you are currently trading with Olymp Trade, please share your experience with other new investors in the comments below.