Olymp Trade Option
- Interactive educational materials
- Fast and free withdrawals
- Great Software with easy access for mobile phones
|Broker||Olymp Trade Option|
|Headquarters||James Street, Kingstown, First Floor, First St Vincent Bank Ltd Building, Saint Vincent and the Grenadines. The agent is Wallfort Limited; registration No. HE364695, registered at: KPMG Center, 1-st floor, 1 Agias Fylaxeos Street, 3025 Limassol, Cyprus.|
|Support Number||27 (21) 1003880Cape Town, South Africa, 08007612316 Brazil 234 (1) 2279021 Lagos, Nigeria 912271279506India, New Delhi|
|Support Types||Email, Chat|
|Languages||USA, English, Spanish, Arabic, Chinese, Thai, Vietnamese, Malay, Portuguese, Indonesian, Hindi|
|Trading Platform||OlympTrade Plataform and Meta Trader 4|
|Minimum 1st Deposit||$10|
|Minimum Trade Amount||$1|
|Maximum Trade Amount||$5000|
|Bonus||50% Deposit Bonus|
|Payout||82 % for Standard, 90 % for VIP accounts*|
|Free Demo Account||Open Demo|
|Regulation||Regulated by FinaCom|
|Commission Info||Zero Commisson|
|Account Types||Standard (10-2000 USD Deposited), VIP (2000+ USD Deposited)|
|Deposit Methods||Visa , Visa Electron, QIWI WALLET, Mastercard, Mastro, NETELLER, Yandex Money, FasaPay, Webmoney, Skrill, epayments, Boleto|
|Withdrawal Methods||Bank Wire, Visa , Visa Electron, QIWI WALLET, Mastercard, Mastro, NETELLER, Yandex Money, FasaPay, Webmoney, Skrill, epayments,|
|Trading Methods||Day Trading, Scalping, Momentum Trading, Swing Trading, Position Trading|
|Number of Assets||Over 100|
|Types of Assets||EUR/USD USD/JPY GBP/USD USD/CHF USD/RUB AUD/USD EUR/RUB USD/CAD EUR/CHF EUR/JPY AUD/CAD AUD/CHF AUD/JPY AUD/NZD CAD/CHF CAD/JPY СHF/JPY EUR/AUD EUR/CAD EUR/GBP EUR/NZD GBP/AUD GBP/CAD GBP/CHF GBP/JPY GBP/NZD NZD/CAD NZD/CHF Gold (XAU/USD) Silver (XAG/USD) BRENT Natural gas(NG) COPPER PLATINUM MSCI Brazil U.S. Real Estat NASDAQ Reversal 2х S&P500 Bitcoin Ethereum ETH/BTC LTC/BTC Ripple (XRP)|
|Account Currency||USD, EURO, BRL|
|US Traders Allowed|
- Low minimum deposit requirement
- $10.000 Free demo
- Easy to use yet powerful
- Third-party regulation
OlympTrade which launched in 2014, the company has managed to create a reputation among millions of traders around the globe. 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.
This broker does offer global trading, with the digital options instrument available for use in many different countries. With plenty of history and a reputation of being a reliable broker in place, traders will only need to consider the features offered in order to make a decision about trading with this broker.
Olymp Trade Trading Platform Features
As we see with most digital options and forex brokers today, Olymp Trade offers a web-based platform that is cleanly designed. Tabs provide the available trade types, with assets, current trade, and upcoming trades listed within each. Asset price movement graphs are built in, eliminating the need to search for analysis information elsewhere. Return percentage, expiry time and other basic information is also included in each window. The platform is available in nine different languages.
Olymp Trade Option+ Trading Room Platform
Olymp Trade does offer a mobile trading app for tablets, iPhones and Android powered smartphones. This app allows for full trading functionality and can be downloaded for free from either the iPhone App Store of Google Play.
Olymp Trade Option Trade Types
Digital Options, Forex, Option+, and One Touch trades are currently available. Option+ is the most unique of the three, as it allows the binary options trader to sell the asset prediction back to Olymp Trade Option whether it is currently in the money or out of the money. The notable trade type that is missing from this lineup would be 60 Seconds. Though other trade types will not substitute for 60 Second trades, Olymp Trade Option does offer some short expiry times for those who wish to participate in fast trading.
OlympTrade Payout/Return Percentages
Payout percentages on in the money trades range from 80-92%. Yes, there are brokers that offer a higher maximum percentage. However, OlympTrade is one of the few remaining brokers that offers a guaranteed 15% refund on trades which end out of the money. Many brokers no longer offer refund percentages and those who do often offer 10% or less. Even these refunds may be based on certain trade types and conditions. Since losses will always be a part of binary options trading, partnering with a broker that offers a great refund percentage will be beneficial.
The Olymp Trade asset list is quite impressive, consisting of 31 indices, 9 currency pairs, 4 commodities, and 60 stocks. The number of underlying stock assets stands out most, as there will be plenty of opportunities within this asset category. The number of indices is also impressive. Together, this asset list should meet the needs of nearly all traders.
In order to begin trading, a deposit will need to be made. The available methods of deposit include credit/debit cards, bank wire, and MoneyBookers. Currency selection includes US Dollars, Euros or Pounds Sterling. The minimum deposit amount is currently set at $10 (or other currency equivalent). No deposit or credit card information needs to be used to create a basic free account. The deposit only needs to be completed prior to trading on the Olymp Trade platform.
There is no minimum withdrawal amount in place. Withdrawal payment methods are the same as the available deposit methods. The first withdrawal each month is provided free of charge. Additional withdrawals will be subject to fees. These are 10 USD, 10 EUR, and 10 GBP. Though no digital options trader is a fan of withdrawal fees, the fact that Olymp Trade has no minimum in place and does offer one free withdrawal each month is helpful.
Withdrawals can be canceled so long as the payment has not already been submitted for processing. The processing time for payment is typically three days or less, but traders will need to allow a few additional days for the funds to be placed into the designated account.
Olymp Trade Option Customer Service
OlympTrade covers all the bases in terms of customer service. Phone, live chat, and email are all available. Bi-lingual support is offered, with Olymp Trade Option providing designated contact numbers for 17+ countries. The main toll-free phone number is: 1-866-844-4540. An interesting feature regarding phone contact is the option to request a callback and have a customer service representative call you instead of you calling them.
Multiple methods of contact – Live chat, 16 local telephone numbers, email and call back request.
Email assistance can be accessed by using the “Contact Us” form on the Olymp Trade website or by emailing [email protected] directly. For live chat, simply click the “Chat With Us” box which is available on each page of the website. Customer service is available 24 hours per day.
Olymp Trade Trading Tools
Olymp Trade does not offer a designated learning center, but does offer a trading guide. Financial data and current market news comes directly from trusted source, Thomson Reuters. An interactive trading demo is available. However, a full demo account is not. The platform can be fully examined at any time, but simulated trading will only be available through the interactive demo. Olymp Trade could use some improvement in this area.
Olymp Trade Option Scam Alerts
Veteran brokers become such because they take care of business in an upstanding manner. There is no indication that a OlympTrade scam of any form is in place or ever has been. Customer service handles concerns quickly. In most cases, misunderstandings lead to binary options scam reports. Since there is no Olymp Trade scam, all the credit goes to their customer service department for assisting traders who need their questions answered.
Trader Binary Conclusion
The weakest point of OlympTrade Option is their lack of training materials. Aside from this, there is plenty to love about this broker. From the easy to use platform to the large asset list, Olymp Trade Option does an excellent job of meeting the needs of traders. Those seeking a veteran broker that has stood the test of time and is considered highly reliable need look no further than Olymp Trade.Visit Broker