Binary and digital options are only advertised and offered to professional traders. If you are not a professional trader, you can not trade binary and digital options. But you can trade forex and cryptocurrencies.

Olymptrade – Legitimate Platform or a Scam?

olymp trade logoOlympTrade is a trading platform that is designed for all types of investors and traders in mind, from the experienced investors to individuals who want to get a taste of the market. Today, it’s considered as one of the leading trading platforms, allowing its members to get engaged with binary trading and forex trading.

As a leading trading platform, OlympTrade provides the market with a one-stop hub for trading, complete with easy-to-understand trading tools and resources that are easy to follow and understand. In an effort to position its brand as one of the leading trading platforms, OlympTrade strives to provide the best trading experience, and at the same time helping its members (traders) get the right skills and boost their income along the way.

OlympTrade real reviews: Is it a scam?

OlympTrade is, of course, widely reviewed online, and majority of these reviews are positive. Our team managed to check and read some of the reviews posted in the top websites and community forums in different parts of the world including Russia, Brazil and United Kingdom.

And based on our casual reviews, we found out that this platform is easy to use, offering its members with friendly services, especially when it comes to funding and withdrawing from accounts. Some reviewers also noted the ability of the platform to allow customers to earn up to 90 percent profit on each profitable trade. In all reviews, customers and traders are one in saying that Olymp Trade offers a satisfying platform for trades.

Broker Bonus Min Deposit Payout Review Open Account
Olymp Trade
FREE DEMO ACCOUNT $ 10 82 % for Standard, 90 % for VIP accounts* Review Trade Now!

Negative trader reviews:

This trading platform ha also, naturally, received a number of negative reviews and feedback from verified customers. According to some reviews that are posted online, the trading platform is a scam, and will not allow its members to withdraw their funds. However, according to other people, common sense and our examination, these are empty accusations that can all be simply explained below.

Issue No. 1: Customers cannot withdraw their money.

Withdrawal is subject to certain conditions as explained by the following:

  • Customers are advised to verify their identities within a few days of registration and before depositing money.
  • The wagering requirements must be met, if the trader accepts to receive the trading bonus. The wagering requirements are set at x30 the bonus amount.

If these conditions are not met, then the withdrawal of the bonus funds will not be allowed. However, both of the reasons for cancelling a withdrawal mentioned above are the same with all brokers in the world. Because of regulations, you are required to verify your identity with ALL brokers. In case you face the same problems, then it’s highly recommended to coordinate with Customer Support.

Issue No. 2: Customers are losing their money

Keep in mind that binary trading is all about risks, and there’s a big chance that you will lose money when you engage in this business. If you want to take the risk, then it’s better to be prepared. One thing that you can do is to try first the demo version of the trading platform before trading for real money.

It’s the nature of trading. Some people make money while the others lose. This is not a reason for calling a broker out. That’s why we always recommend to trade on the demo account first, before depositing any real money. Also, keep learning about trading.

After all: Is Optiontrade a Legitimate Trading Platform?

Based on the assessment of the services and business practices, we can say that Olymptrade is not a scam. If indeed this was  scamming company, then the most established and experienced investors and traders would have left the platform. Also, they could have left the most painful negative reviews for the trading platform. Based on available evidences and details, it seems that this trading platform offers a legitimate trading opportunity. The website offers transparency, and interested customers and traders can easily know and verify the services, starting from money management to order placement.

Corporate Information

OlympTrade is a legitimate and licensed broker which is recognized by the Financial Commission. As part of the commission, each trading account has an insurance for $20,000. This trading platform is owned and operated by Wallfort Limited and the Smartex International Ltd, with the following mailing address:

  • Smartex International Ltd
    • Registration Number 144540,  headquartered in Suite C, 2nd Floor, Orion Mall, Palm Street, Victoria, Mahe, Seychelles.
  • Wallfort Limited
    • Registration number HE364695. Headquartered in Irodi Attikou 8A, Lakatamia, 2332, Nicosia, Cyprus.

More info about OlympTrade

Author

Step

More about the author: Step

I've wanted to build a business of some kind and earn money since I was in middle school. I wasn't very successful though until my senior year in highschool, when I finally started to think about doing online business. Nowadays I profitably trade binary options full-time and thus gladly share my experiences with you. More posts by this author

47 Responses to “Olymptrade – Legitimate Platform or a Scam?”

  1. I’m a newbie in trading, but have already learned how not to lose. All you need is to open a demo, get trained with webinars and various lessons, and practice. The company provides it all. Moreover, real trading can be started from just $10 on the account.

  2. this is a good platform, but I will like to ask a question, my question is can I deposit with verve ATM card, cause am presently in Nigeria

    1. Hello, thank you so much for your questions. Is it MasterCard or visa card? If yes – I think it should be possible. But in case you need more information, it will be better to contact the olymtrade support directly. Hope my response will help you.

      Have a nice day.

  3. I have been trading with the demo account via olymp trade mobile app. I have been doing well. I want to invest real money but I am afraid to invest because I don’t know if I am with a good broker. I am in Nigeria, how will I know if am with a good broker?

    1. Hello, how are you today? 😉 We are happy that you were successful with your trading, it means that you are a good trader, but you should always be aware of scams and bad trading habits, even if you are a good trader. If you want to start trading with real money, try the olymptrade broker or the iqoption broker, which is a highly trusted and reliable broker. The IQOption has the best platform in the business, you can trust me, I love it, haha. You can also read real users reviews about the brokers on our website in the comment section below brokers reviews.

      Let us know which broker did you choose 🙂

      If there is something we can help you with, let us also know.

  4. I read about a lot of bad and life shattering comments. I just want to implore people to be careful. There are a lot of fake brokers out there and real ones to. There are also fake recovery agents and real ones. Most are out to get your money while some are really out to help you get back on your feet.

  5. I fully agree with things written in the article, especially with the part about the withdrawal of earned money. Account verification is the first thing that just needs to be done to eliminate most of the questions. I used Olymp’s bonuses, and had no problems money withdrawal as well.

  6. t if you lose you lose because of your trading skills i know so many people who lose becoz of their own mistake and then blame broker for the lose.I am trading with Olymp trade from over 1 year and now i am very happy with Olymp trade i think its very good option trading broker and if someone really knows how to trade then he can easily earn through Olymp trade platform.

      1. Hello, we are sorry but we don’t want to publish there your phone number. Somebody can misuse it.

        If you don’t know how to register at olymptrade platform, we can help you. Let us know 😉

        Thank you and have a nice day.

      1. Hello, thank you for your comment. Which what you exactly want to help? You are not able to go through the registration process? Or what’s the problem?

        Let us know, so we can help you.

    1. Hello Fouke, you can use these methods to withdraw money:

      – E-wallets like Web Money, Neteller, Skrill, Bitcoin, Qiwi and Yandex Money
      – Use of Visa and MasterCard
      – Boleto, for customers based in Brazil

  7. I think I might have brought quite a lot of losses to Olymp 🙂 If you aren’t being greedy and ready to work with big time frames, the profitability becomes higher than 90% even without special strategies, just based on the indicators. Most of all I like working in the US session. The volatility is higher!

  8. I need tutorial and proper orientation!
    Perhaps, there might be valuable online materials that will enhance my trading skills, l would appreciate them.
    Thanks!

    1. Hello, we are happy that you are interested in OlympTrader broker. Check their website and you will see that they have many educational materials. If you would like to know more general info about this broker, read olymptrade review.

      If you have any questions feel free to ask me.

  9. Please how and when is it eat for one to trade, I will.like to know all the rudiments before venturing into this.
    Thank you.

  10. Olymp trade is good broker they offering good trading environment to traders Olymp trade mobile app is very simple and trading experience through mobile app is good too one can connect with markets all the time and can easily trade on mobile device customer support of olymp trade is good too and available in many languages really enjoying trading on Olymp trade.

  11. For all those people who want to start trading Olymp trade is good broker and trading platform in very userfriendly first better new traders do practice in demo account and then after practice start live account Olymp trade is reliable broker

  12. Trading Olymp Trade turned out to be quite good. As for working with him, I have only positive feedback. In addition, the money was withdrawn quite quickly, which can not but rejoice. I was satisfied with it.

    1. Hello Logan, we are really happy that you experience with this broker is just good. We hope that you are gonna have just positive experiences with this broker.

      Have a nice day.

  13. Trading Expertoption is quite enjoyable for work. During the time I worked with this broker, I had no problems whatsoever – everything is working fine, and with the withdrawal of money it seems everything is fine.

  14. Hello am Marcus, actually I began Olympic demo trade few days ago, I HV made certain amount of money above the bonus of $10000 and am confused … If I deposit, will I be able to withdraw the money I made from the demo trade….. please reply thanks

    1. Sorry to say that, but you won’t be able to Marcus. The demo mode is only for TESTING purposes. So you can check how the trading works, see if you like the platfrom etc. But you will never be able to withdraw any money from the demo account.

  15. In my opinion, the olymptrade broker is pretty handy for work. At least, I managed to work quite well with this broker, and to get a good profit. In principle, I am satisfied with the level of income.

  16. Excellent broker olymptrade. Problems with it did not arise – everything works fine. In my opinion, the company is quite worthy of attention.

    1. Hello Freem 🙂 We are also really satisfied with this broker and we are really happy that there is a lot of other people that have the same feelings.

  17. Olymptrade manipulates the candlesticks before trade expiry in binary options to their favor. You may think you have won the trade, but they manipulate the candlestick to zoom up to the losing majority. Whenever you complain they can’t help but refer you to their educational videos. They are not transparent. In fact they are fraudulent and they are not regulated in U.S or UK or EU. They are a big scam. How can you tell if they manipulate the candlesticks before expiry, check the price fluctuations and compare with another broker, you will find out that that’s how they rip people off by manipulation before expiry after which they return it back to the general closing price.

    1. Hello, thank you so much for this info. It’s your own experience (with the candlesticks) or just some hate without unsubstantiated evidence?

      Let us know, thank you.

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The financial products offered by mentioned companies carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.
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