Olymp Trade is an online broker that opened in 2014, offering their clients a unique options trading platform.
Olymp Trade is now owned by Inlustris Ltd, which is located at: First St Vincent Bank Ltd Building 1st Floor, James Street, Kingstown, Saint Vincent and the Grenadines. Contact phone number in South Africa is: +27 21 1003880, and their email address is: [email protected].
Official website is at: https://olymptrade.com/.
For withdrawal issues or broker complaints, read this.
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.
In October 2018, OlympTrade added classic Forex CFD trading to their offerings. Option trading is available on 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; Russian, Arabic, English, Bahasa, Indonesian, Portuguese, Spanish and Turkish. 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.
OlympTrade 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. Formerly under the corporate name: Smartex International Ltd, St. Vincent and the Grenadines. Their payment processor is: Wallfort Limited, reg num HE364695, Limassol, Cyprus.
You can find the complete list of licensed Forex brokers listed here.
Automated Trading Software
Many new investors, use an automatic trading software or robot for trading, however most are get rich quick scams, read why.
You can see the most popular trading signals software 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.