Olymp Trade Review - demo, fees, strategy and more!
- Great customizable platform
- Low minimal deposit
- Beginner friendly
- Free demo account
OlympTrade platform is a popular platform available online, and has been serving customers since 2014. The platform was established by Smartex International Ltd. So what makes Olymp platform a reliable choice for many investors out there? There are a number of reasons why Olymp Trade is the choice platform of many informed and experienced investors out there.
- Security and reliability of the platform. As a leading investing platform online, Olymp Trade is considered an A-recognized member of international Financial Commission, an organization that secures the interests of investors. Since the trading platform is a member of this organization, unlawful acts are covered up to $20,000, which is sourced from the Compensation Fund.
- Minimum amount required to start investments. The minimum amount to deposit to start trading on this platform is $10. This means that almost anyone can join the platform and become a trader.
- Easy access to training and educational materials. The training and helpful resources are open to all members of this trading platform.
These are just the reasons why it’s this platform is popular among many investors, beginners included. I think that OlympTrade works the same way as IQ Option – profesional, reliable and real trading. If you are still interested as to why this platform is highly recommended, then we suggest that you read the following review.
Compared to other investing platforms out in the market, the Olymp Trade is a customized platform that was designed by experienced programmers, traders and financial analysts. The team also continually improves on its services, so customers can count on a platform that is working 24/7. The ability to customize is actually one of the best selling points of this platform. For example:
- You can choose how the charts are shown, for example it can be displayed as a line chart, candlesticks or using Heiken Ashi
- Vary the colors of the chart
Aside from the visual effects of the charts, the technical settings can be configured as well:
- Change the time frame from 25 seconds to 1 month when using the area chart, and change from 15 seconds to 60 minutes when using the Heiken Ashi or Japanese candlesticks
- Use oscillators and indicators for accurate reading of the charts
Special Features of Olymp Trade
Olymp Trade is considered a trading system that makes use of a binary option-based platform. The features and functionality offered respond to the needs of the customers, and most of these features will generally appeal to investors who are just starting out. Compared to other popular platforms in the market, Olymp Trade provides free registration, and all new members and investors are given 10,000 credits. The free credits can be used by the new member to try out the system and investing platform. Through the use of the demo account, customers can explore their trading skills and try out a few more strategies before trading for real money. The only thing an investor may notice is the absence of incentives. Instead of the usual perks, Olymp Trade provides low investments and starting trade.
OlympTrade Offers a Demo Account
It should be kept in mind that the platform also provides customers with a free demo, with 10,000 virtual dollars and this is given to the customer as soon as the account has been made. The free demo capability of this platform is welcome news for the beginners since they can try out a few trades. Also, there is no time limit to consider when using the free demo. Investors and customers of this platform can practice all they want without having the need to risk the money.
Trading Terms Customers Should Know
- Minimum deposit amount: $ 10. Deposit $ 2000+ to upgrade to a VIP Account.
- Minimum amount required to trade: $1.
- Maximum amount to trade: $ 2,000 for standard account holders and $ 5,000 for VIP traders
- Successful trade payout: 82 % for standard investors, 90 % for VIP-account holders
- Minimum allowable withdrawal: $ 10
- Withdrawal times: Takes 24 hours for standard account holders to a maximum of 3 days, and a few hours for VIP investors
- No withdrawal fees
|Broker||Bonus||Min Deposit||Payout||Review||Open Account|
||FREE DEMO ACCOUNT||$ 10||82 % for Standard, 90 % for VIP accounts*||Review||Trade Now!|
At Olymp Trade, investors and customers can count on friendly terms which can be helpful in making the trades. When using the service, investors can count on minimum investments and faster withdrawals.
Banking and Withdrawal Options
Olymp Trade provides its customers with a number of options when it comes to deposits and withdrawals. When it comes to deposits, investors can choose from the following list of payment processors:
- E-wallets like Web Money, Neteller, Skrill, Bitcoin, Qiwi and Yandex Money
- Use of Visa and MasterCard
- Boleto, for customers based in Brazil
Withdrawals can be made from these payment processors as well.
Here’s a note when using the banking option of this platform: you can make a withdrawal from the platform where you have completed the deposit. The maximum waiting time for a withdrawal request is 3 days, but the platform strives to complete the withdrawal in the fastest possible time. If you are a standard account holder of this platform, then the average waiting time is 1 day. But if you are a VIP member of this platform, then the average waiting time is just a few hours.
Types of Accounts Available on Olymp Trade
- Demo Account. This account is provided for free, and each account will be assigned 10,000 virtual units. Interested individuals can simply sign up for an account on the website.
- Standard Account. A minimum of $ 10 or its currency equivalent is required to enjoy this account. Under this account, investors can trade at a minimum of $1, and a maximum trade worth $2,000. The maximum possible profit that one can get is 80-percent of the investment made. When it comes to withdrawal of funds, the minimum amount that can be withdrawn is $10 with no set limit for the withdrawal. Withdrawals can take an average of 1 day, with a maximum waiting time of 3 days.
- VIP Account. To take advantage of this account, interested investors must deposit $2,000/or its currency equivalent. For this account, the minimum deposit required here is $2,000, and when it comes to trading, the minimum is set at $ 1 and maximum is set at $ 5,000. Aside from faster withdrawals, VIP members can count on a number of perks. If you sign up for this account, you get the assistance of a VIP consultant and you are given access to leading financial analysts and other trading tools.
USA Allowed No
Payout: 82 % for Standard, 90 % for VIP accounts*
Demo Account: Yes
Min Deposit: $ 10
|FREE DEMO ACCOUNT||Trade Now! Read Review|
Helpful Trading Tools
On top of the standard tools that are offered by the website, Olymp Trade also offers other friendly tools that can promote a satisfying trading experience:
- Support for cryptocurrency. This platform is known for its proprietary Cryptoindex, and this is complemented by Bitcoin, Ethereum, and Litecoin. You can trade these assets anytime, and are known to provide better return of investments.
- Trade cancellation. If the trade is not going your way, this platform gives you the chance to order a cancel trade. If this option is exercised, customers can get up to 60-percent of his investment.
- Pending trade tool. This is a result to sell or buy a particular option within a set time, or when an asset has reached a targeted price.
Education and Training Within your Reach
If you sign up for an account with Olymp Trade, you are given the chance to access free resources that can be helpful in your growth as a trader. All members of this platform can use:
- Interactive course
- Webinars and video tutorials
- Recommended strategies by top financial analysts
Our Educational Materials
If you don’t want to be dependent on your broker, you can simply go through our wide range of educational materials we prepare and offer on xBinOp.com. Click a button below to see more!
OlympTrade on Social Media
Olymp Trade is one of the popular investing platforms that makes use of the social media. Social media platforms like Facebook and YouTube are used to the company’s advantage, and these platforms are used to distribute learning materials and resources to its members.
Traders and interested students of investing can watch live stream on Facebook, or join webinars that are hosted on YouTube. With the use of the platform and the availability of massive educational resources, we can say that the Olymp Trade is a helpful platform for all types of investors. Today, the website is considered home by more than 6.5 million users, and more than 20,000 traders are active on a daily basis.
|Trading Platform||Custom made platform|
|Minimum 1st Deposit||$ 10|
|Minimum Trade Amount||$ 1|
|Maximum Trade Amount||$ 5000|
|Bonus||FREE DEMO ACCOUNT|
|Payout||82 % for Standard, 90 % for VIP accounts*|
|Free Demo Account|
|Account Types||Standard (10-2000 USD Deposited), VIP (2000+ USD Deposited)|
|Account Currency||USD, EUR, BRL|
|US Traders Allowed|