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ChooseFxBroker

Olymp Trade

Olymp Trade Review 2025

4.0 / 5.0
Since 2014
Visit Olymp Trade

Company Overview

Founded
2014
Location
Operated by Saledo Global LLC, headquartered in St. Vincent and the Grenadines
Regulation
Member of the Financial Commission (FinaCom), an independent external dispute resolution body, since 2016; not regulated by major financial authorities like FCA or CySEC

Olymp Trade Full Review 2025

Since its establishment in 2014, Olymp Trade has grown into one of the most recognized online brokers in the trading world. With a user-friendly platform, millions of clients, and high-profile sponsorships like retired Brazilian footballer Ronaldinho, Olymp Trade has solidified its reputation in the industry. Their mobile app has been downloaded over 44 million times, making it one of the most widely used trading applications globally.

This review will delve into the platform’s features, services, and performance to determine if it lives up to its reputation.

Key Features of Olymp Trade

Trading Platform

Olymp Trade offers a proprietary trading platform available on desktop and mobile devices. The platform stands out for its simplicity and usability, catering to beginners and experienced traders alike. Users can trade various assets, including:

• Forex

• Stocks

• Commodities

• Indices

• Cryptocurrencies

• ETFs

Account Types

Olymp Trade provides two main account options:

1. Demo Account: Perfect for beginners, this account allows users to practice trading without risking real funds.

2. Trading Account: Users can manage currencies like USD, EUR, or local options, with an added feature to link multiple accounts under a single Trader’s ID. Cryptocurrency enthusiasts can utilize a USDT account for deposits and withdrawals.

Minimum Deposit

A key highlight is the low minimum deposit requirement of just $10, making the platform accessible to traders with various budget levels.

Payment Options

Deposits and withdrawals can be made via:

• Credit/Debit Cards (MasterCard, VISA)

• Local Bank Transfers

• Cryptocurrencies

• E-wallets (Skrill, Neteller, AstroPay, Perfect Money)

Regulatory Overview

Olymp Trade is regulated by the International Financial Commission (FinaCom), ensuring a degree of security and transparency for its clients. However, the broker could bolster its credibility by acquiring licenses from multiple regulatory authorities, especially given its international operations across 194 countries.

Trading Instruments

Olymp Trade provides access to popular instruments but lacks diversity compared to top-tier brokers:

• Forex: 30+ currency pairs, including majors, minors, and exotics.

• Stocks: Around 100 widely recognized stocks.

• Commodities: Limited options, including gold, silver, and natural gas.

• Cryptocurrencies: Bitcoin, Ethereum, Litecoin, Dash, and a basic Altcoin Index.

• ETFs: A handful covering indices like the S&P 500 and NASDAQ.

Pros and Cons

Pros

• Low Minimum Deposit: Start trading with as little as $10.

• User-Friendly Platform: Intuitive and beginner-friendly interface.

• Demo Account: Ideal for new traders to practice risk-free.

• Regulated by FinaCom: Offers a layer of trust and security.

Cons

• Limited Trading Instruments: Fewer assets compared to competitors.

• No MetaTrader Support: Proprietary platform only, which may not suit advanced traders.

• Limited Leverage Information: Key details like leverage and spreads are not easily accessible.

Is Olymp Trade Safe?

Olymp Trade ensures client security through its regulation by FinaCom. Additionally, the platform offers negative balance protection, guaranteeing users won’t lose more than their deposited amount. Despite these measures, the lack of additional regulatory oversight may concern some traders.

Customer Support

Olymp Trade’s customer support is available 24/7 via:

• Live Chat

• Email

• Hotline

Support is offered in multiple languages, including English, Chinese, Portuguese, and more, catering to their global clientele.

Conclusion: Is Olymp Trade Worth It?

Olymp Trade is a reliable broker, especially for beginner and budget-conscious traders. Its low deposit requirement, user-friendly platform, and demo account make it an excellent starting point. However, advanced traders might find the limited instruments and absence of MetaTrader a drawback.

Verdict: If you’re seeking a straightforward and accessible trading platform with decent features, Olymp Trade is a solid choice. However, for those requiring advanced tools and broader asset diversity, exploring other brokers might be more beneficial.

What’s your take on Olymp Trade? Share your experience in the comments below!

Trading Conditions

Minimum Deposit
10$
Trade Size
USD 1 (or equivalent) per trade
Leverage
For Forex, leverage (multipliers) can go up to 1:500 on certain assets; fixed-time trades do not use traditional leverage, but have fixed payouts.

Platforms

Available
Proprietary web-based platform, plus dedicated mobile apps for iOS and Android
Mobile Trading
✔
Algo Trading

Payment Methods

Deposit Methods
Credit/debit cards, bank transfers, e-wallets (e.g., Skrill, Neteller), and local payment methods depending on region
Withdrawal
Withdrawals via the same methods as deposits. Typically, no internal withdrawal fees, but third-party fees may apply depending on the payment provider.
Processing Time
Usually processed within 24 hours but may take up to 5 business days depending on method

Customer Support

Hours
24/7 customer support
Channels
Live chat, email, and online contact form
Languages
English, Spanish, Portuguese, Thai, Indonesian, Vietnamese, Russian, Arabic, Hindi, Turkish, Chinese,

Editorial Review

Opinion
Olymp Trade is suitable for those who prefer simplicity, low barriers to entry, and a wide range of educational tools. Its proprietary platform is easy to navigate, making it appealing for newcomers. However, experienced traders may find the lack of top-tier regulation and limited advanced tools less ideal.
Best For
Beginner and casual traders, those looking to start with small capital, and users who prioritize a straightforward trading experience without complex platforms.

Pros

Low Minimum Deposit

Start trading with as little as $10.

User-Friendly Platform

Intuitive and beginner-friendly interface.

Regulated by FinaCom

Offers a layer of trust and security.

Demo Account

Ideal for new traders to practice risk-free.

Cons

No MetaTrader Support

Proprietary platform only, which may not suit advanced traders.

Limited Trading Instruments

Fewer assets compared to competitors.

Limited Leverage Information

Limited Leverage Information

Comments & Reviews

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ChooseFXBroker (CFXB) is a third-party, independent review site. We may earn affiliate or revenue share commissions when you subscribe through links on our site, at no extra cost to you. Companies reviewed do not endorse or own this website unless explicitly stated.