Olymp Trade – trading platform review and customers feedback

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Olymp Trade Review

Olymp Trade

Reason to avoid: No License

Listed Date: January 11, 2020

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Beware Olymp Trade is a Non-Regulated broker. It is NOT SAFE to trade.

  • Our Review
  • Olymp Trade User Reviews
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  • Company name:

Olymp Trade – Smartex International Ltd

  • Registration Address/ License:

St. Vincent and the Grenadines

Is Olymp Trade a scam or legit broker?

No, it is not safe to trade with Olymp Trade. Olymp Trade is owned by Smartex International Ltd which is an offshore company registered in St. Vincent and the Grenadines.

St. Vincent and the Grenadines is notorious for its practically absent requirements and regulations. Due to the setup cost is low and it does not regulate forex trading. Therefore, it became an offshore zone for shady forex brokers such as CapitalXP, Welkron and more.

The company claims to be one of the fastest growing companies that deliver access to trade to the client at any level, increasing its trading volumes daily and currently closes around 32M trades per month. Moreover, the broker received numerous awards, the world industry recognition for their services, options trading platform, fast growth, and innovations.

Nevertheless, the company operates without a proper license from the industry authorities alike FCA (UK) or ASIC (Australia) that protect clients and delivers necessary regulation to the service providers along with the convenience to the users and, of course, their investments.

According to the website, Olymp Trade a membership in the international Financial Commission (FinaCom). Even though the FinaCom is a well-respected organization, it is a self-regulatory organization which cannot guarantee the safety of the trading environment and does not regulate the daily operations of the company, therefore can’t provide necessary protection to the client.

From our source, it costs €24,000 per year to become a member. However, and there is no handbook or guidelines for brokers to run their business. Therefore, there is zero protection for traders. You can read our detailed article about the risk of trading with brokers from St. Vincent and the Grenadines.

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We advise all investors and traders to avoid Olymp Trade and other brokers from St. Vincent and the Grenadines. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FXTM and FP Markets.

55brokers.com for Forex Broker Reviews

I very often communicate with other traders, sit on forums and generally try to keep in touch by all available means. And that’s why I like when a broker can help me in this. For example, at Olymp Trade there is a whole group of social networks that allow traders to get acquainted with the trading terminal faster and quickly learn all the features and functions, it allows you to start working in the way you want from day one. Plus, this is a great way for beginners who do not understand what to do and where to run, and in tandem with experienced traders, they are able to immediately get answers to their questions and also become a professional who is well oriented in the market. This is a cool tool and a great opportunity.

If we talk about modern brokers, which I have been looking through in recent years, it is olymp that has attracted my attention as much as possible, because it has a huge number of services that can help both a beginner and a trader who has been trading for several years. Right here you can conduct market analysis and make transactions using dozens of assets from currency pairs to commodities and stocks. There is some incredible dynamics here, which allows me to work hard and quite actively, and that’s considering that I trade for about five hours every day. I think everyone can find something here for themselves, and there are good spreads and commissions, so you can give yourself the full freedom of action…

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174 responses to “Olymp Trade”

this is a cheating platform

seriously i almost started before i just met you guys thanks.

I will not agree with many of the reviews, because I have been trading here for a long time and I have never had any problems…

There is no problem to trade with olymp?

Once in a while there are some problem with this platform. Like this recently the candlestick changes color issues. But after many complaints were made, the Olymp Trade tech support team responded quickly to fix the problem. So y advise, with Olymp Trade you don’t have to worry about any problems as the tech support is very approachable and efficient.

Maybe you just need to learn to trade? My first year was in red, but I wasn’t complaining, I was training. Now I make enough money, withdrawing money on regular bases, and the company doesn’t complicate it. Although I withdraw quite big amounts. And they started to cheat on you for some reason? How’s it look?

Is it safe or not to trade with olymp trade?

Based on my experience I can say, that yes. This is not my first year of working on Olymp Trade, and I didn’t have any problems even once. Until I learned how to trade – I used to lose money, when I finally worked out the strategy – I started making money. The company wasn’t putting a spoke in the wheel, everything was honest and transparent from Olymp Trade’s side.

Comment pls hat Is the strategy

What’s the strategy?

Sorry can we talk via mail pls

Wow that’s good please if u wouldn’t mind lets talk on WhatsApp am new to this platform I need ur assistance or email me @ [email protected]
Thanks so much.

Did you got payment ? Can you prove that payment what you received from Olymp Trade!!

hi can you help me understand more about this trading in Olymp Trade?

Hi seliw I hope u see this message pls I can even pay u if u want I really need u to guide me on how to trade.thanks

Please what is the strategy

Please I want to trade on it who can help me

Can I link up with you for guidance. Soo I don’t loose money because I don’t have plenty money to loose. Lol

Pls what’s the strategy you are using to make profit on this platform? I really want to know as I am interested in starting immediately.

It is NOT safe to trade with Olymp Trade, since the company is NOT regulated and registered offshore. We always warn our readers to stay away from such firms and choose from the Regulated Brokers https://55brokers.com/forex-broker-reviews/

It seems people re making more money from brokers that re not registered though unsecured than those that are registered, d testimonies re rolling in

Hello Seliw, I am interested to learn more on how to trade on this platform, how can I come under your tutelage. My email is [email protected] thanks

Hello pls am new here
Can I get enlightenment on the Olymp trade??

Whatever it is, Olymp Trade is not a rich quick scheme or a gambling platform. Trading here is a serious business where you need to thoroughly study the current market before opening your trading position. To me, patience in trading is very important.

Hi Seliw! Can you mentor me, I am a new comer. Thanks in anticipation.

Please help me on how to use this trade

I suggest you go through some basics videos in Olymp Trade Global youtube channel. So many info you can find there.

So many times I’ve heard this. There is something wrong with the market data! Broker is a scammer! Someone is watching my trades and makes the market go in the opposite direction. You know what? Bullshit! As one famous trader said: “You lose money not because your mom used to spank you in childhood. You lose money because you either don’t have a trading system or don’t follow it.” So stop accusing Olymp. Better work on your trading style. Good luck!

Why you said that sir ? As far as I know, Olymp Trade never cheat. All my profit they paid accordingly. And if I have any issues, the customer support is always available to help me out. The trading chart reading is identical ti tradingview. So may I know at which part that they cheat?

How long do you get payment after withdrawal?

The promised period is 2-5 business days. But Olymp Trade will usually process the request within 24 hours. I’ve several times received my withdrawal money in less than 24 hours.

You should start with basic trading knowledge like technical & fundamental analysis or simply go for online trading courses like stock market & forex trading .if you don’t wish to spend a lot … that been said …. Even after learning the basics practice with demo account .. To over come that anxiety and fear of losing your trades you’ll have to trade with real money in live account … I don’t know about others but my experience with them has been very very good ….. You can make consistent profit you just have to learn everyday … & Most important you don’t have to make mistakes to learn from them …. You need risk management and a strategy ….Your strategies not other’s ….

Ohhh really but they just gave me a withdrawal of 3000 $ when I just invested 50 $ why would they do that …. Charity ..

Like seriously i was scammed two days ago 20k by mohammed usman on Facebook cause of diX fvkin stuff called OLYMP TRADE

Well, the broker has nothing to do with it, you can only trade on your own, I don’t understand, you gave the money to someone?

Can you give us vivid explanation as to why you called them a cheat, thanks.

They are scammers and thieves

Olymp trade cheats. I registered with them and I notice their platform is programmed to cheat. You can never make money with Olymp trade

How did you manage to notice that? Is there some kind of a red light on the platform that starts flashing and beeping: warning, warning, someone is earning money here!? I’m sorry, but if you really noticed that platform was meant to rip off the customers you would have provided much more details rather than just saying “they cheat”. Your comment sounds more like some competitor’s provoсation.

So which forex trading do you guys suggest??

Comment Area if tessline will come back by September its good to invest with them..

Comment Olympic trade is a scam, avoid it at all cost.

Well well… I made another withdrawal a couple of days ago, and it’s all OK. In fact, I’ve been doing it recently on a monthly basis, so if it’s a scam… well, at least I’m definitely not affected by it �� Am I the only one who earns here, huh? Are you guys all losing here, or what? �� But I guess I’m not doing anything special, just trading with a strategy, managing the risks, and all the stuff… That’s quite enough to make money on here, really ��

Comment please what’s the strategy? I just lost $300 and I need to get it back

Well, I guess I won’t disclose the details of my strategy to you, all the more in an open forum, lol. I spent months to elaborate it. You’ll also have to spend some time in order to learn trading, if you’re really interested in that. I’d only recommend you to start with learning the basics of technical analysis. Personally for me, trading by means of Fibonacci levels is very helpful. That’s actually the basis of my strategy. You can also try to experiment with them, and then you’ll know which way to go, as soon as you receive the basic experience. Just try not to invest too much money at once – remember about the money management. Or, alternatively, try trading with a demo-account at first ��
If you’ll immediately rush to win back your $300, you’ll just lose more. Do it smart, dude, learn to think ahead.

Hi, does Olymptrade provides monthly statement?
I could not find a place to print my loss and profit and more important, i need to print my withdrawal.

hi can you help me understand the process?

please what the strategy I want to know the strategy of trading with Olympic trade you can

Am a beginner can I start with $30 and get profit for the first time

Please, check the list of the Regulated brokers https://55brokers.com/forex-broker-reviews/ where you can start with depositing the minimum of $10-$20.

I started with a demo account while earning by when I invested in my live account, I didn’t have a chance to get profit, so is this platform real serious.

Pls I need u to teach me ur system of trading. This is my email.

Olymp Trade is legit guys. I made 3k USD in 3 days.

Can you teach me how it works please. I am new in the business. Thanks

Please can u teach me how to trade here am new please

you should read books concerning that matter

Please I need you to teach me a strategy on how to earn in options or forex please. I really want to make some money for myself and stop begging people for assistance.

We would advice you to choose from the Regulated brokers https://55brokers.com/forex-broker-reviews/. Olymp Trade is NOT regulated, therefore, you might just never get your money back after investing with this broker.

Please, check available Forex seminars and webinars, where you will be able to learn more about trading. https://55brokers.com/forex-webinars/
https://55brokers.com/forex-seminars/

Gd… Well guide me 2

I like the Olymp Trade platform. It is really convenient to trade on, especially with technical analysis involved. I haven’t seen any other trading platforms with such amazing service of technical analysis as here – and hey, that’s even for free! For quick analysis, you might as well use the main platform – it has all the necessary charts and indicators, but for some serious analysis you might want to switch to the platform specifically designed for this. It offers like hundreds of indicators and a great many of other tools, charts, and all this stuff. Personally I’ve never failed to find the necessary tool there.

অনেক ধন্যবাদ আপনাকে। আমি ও চাই আমার ভাগ্য পরিবর্তন করতে। আপনার সাহায্য কামনা করি।
তপন চন্দ্র শীল।

Olympic trade are scam’s

LOL, I really wonder what you could have told him to freak him out that much? :))) If you open the chat once again, there will be a different agent – you might set out your compaints about that Ibrahim fradrack to him. Or just ask the support to punish that rascal.:))) But actually, you’re pretty lucky – I always get exclusively polite and helpful agents! So hella boring, I can’t even find fault with anything…

Why you write so? You’ve traded with them? You have proofs? Or what force you to claim so? If you have proofs, than publish them and let all people see. Or you just have lost money and got mad? Personally I trade Olymp for 4 years and didn’t noticed nothing like this for all this time. So where is a truth?

The agent of Olympic trade Mr Ibrahim fradrack l start the platform with him he blocked me up on our chatting

Maybe it was an accident, write to olymp trade support, I’m sure you’ll get help.

Looks like a scam. Everything works fine in demo, as soon as you go live everything turns to shit. Chart freezes, prices zoom the other way to impossible levels so you can never end in the money. In fact prices just zooms the other way and freezes moments after places the “trade”. Its all fake.

What do we do now? How do we get out?

What do you mean – “How do we get out?”? And who’s actually forcing you to stay? If you don’t like it, don’t trade, I don’t see a problem. Trading is really not for everybody – some people can learn and gradually go into the black, while others give up at the earliest failure and start screaming that it’s a scam and one will never earn here. It seems that you belong to the second category…

You mare definately right, when.people flock in with excitement and know underdtsnding soon then vall it a scam, just fuckoff and fins descent dailly job. My advice is make money and withdraw and submit all verification and then wait for for your withrawal and then you can come here and say scam or not

Then just say Mr. Manil ; what is the actual process of trading? and if you are able please giving a prrof to us that how much money income through this? This will help us to trading in this platform.. can you help ?

hi there i face the same problem like the chart freezes, prices zoom the other way to impossible levels and support live chat box that doesnt open when you click, and when you call the staff they couldnt answer all your questions and they pass to one another arrggh. bad experience for me. I give up with olymptrade…really i loose a lot my money here but i still stay with them hoping that things are going to get better but too bad… they have done so well with the platform upgrading and so on but they cant secure their plarform. i already request for closing my account.

I’ve been working at olymp trade for a long time and I’ve never faced anything like this, maybe you should update your browser, sometimes it’s because of this that everything hangs and deals are executed late…

Unfortunately, I m still learning the process. I m yet to understand everything, but I have great determination to do so. So far, I have been trying both sides-the demo and real account. I believe the platform is good for those who are patient and willing to learn. I strongly believe that given the risks involved in trading, one has to practice enough for the process. Nothing good comes on a sliver plate!

Everywhere page I open that has to do with binaryoption or forex investments all have great customer reviews but when I tried investing with binaryoption, from plus option, to binomo to IQoption, I lost a lot. I still have someone helping me with my trades but I keep losing and now they want me to invest more money. I need to speak with people who have invested and had similar situations. Please reach out to me on my username

Invest $500 abd I would double it 07051256071

i have never experience any of the negative mentioned in most of the comments
i have tried Olymp trade and made some money and also withdraw the money withing three working days,

i am looking for a winning strategy to make money on the site

do u have a strategy

How were you able to achieve that goal?

I need a help on how to trade safe

Olymp trade has been operating for years and I am surprised to hear that they are a scam broker. Most new traders feel losing a trade or all their investment is foul play from the broker’s side.I will believe that plump trade is a scam broker if someone was not able to withdraw their profits that they have made with the broker.

For traders who are still struggling to make profits in trading, I recommend you invest more in your education rather than heading straight for the markets.

There’s a book that changed my life when it comes fired trading, titled “Price Action the ultimate Indicator:Money Never Sleep by Fillemon Helondo” It comes pricy but you won’t regret your purchase.

I wish you a happy trading all

Today it’s almost a year that I’ve been trading on Olymp Trade platform. So it’s time to sum up:) Concerning the pros, I can say this platform is really classy – I mean, it is convenient, with a user-friendly design and all that is needed for trading; and at the same time, it doesn’t contain those kinda “”professional”” things that just confuse you but never-ever come in handy at all. I guess the payout rates on deals are also pretty high – you know, I occasionally watch reviews of other brokers and never saw rates that would be considerably higher. In general, the rates of competing companies are either lower or roughly the same. Besides that, I really liked the training. Attending webinars from the very beginning was cool, I learned much useful material. Can’t even imagine how much money I could’ve foolishly blown in the very beginning if those webinars hadn’t taught me the basics of trading ��
As for the cons, I’d note only that you have to withdraw money in the same way that you made a deposit previously. You see, I made a deposit with an e-wallet, for I didn’t really know where to apply that money anyway. At the same time, I wanted to withdraw money directly to the credit card, but this isn’t the way it works. So now, I’ll have to make another small deposit, this time with my credit card. It’s no big deal actually, there are no commissions for that. Just…a bit inconvenient, you know.

I am new in trading but i use to play iq demo it was a little bit complicated for me i then tried olymp trade i found it simply and interesting i made my first deposit and started to trade for really money i lose my money like i nerver practice but i didn’t gave up i came back with new strategy i made money in olymp trade and i tested my first withdrawal i was shocked and ver happy to receive my money .the process of withdrawal took two days.but guys if you say olymp is a scam you are disappointing me i still get money in my account there

Don’t worry, Mafika. People losing money on financial markets often blame third parties for own mistakes. Their broker for example. You’ve learned your lesson, developed a responsible attitude to trading, so don’t worry about OIymp’s critics. Just remember, your success is the product of your own discipline and persistance.

How much money you are getting in your account now??

I’ve been trading with Olymp Trade for more than a year. In general, it’s all fine. Of course I don’t always manage to receive profits, trading in the red is not such a rare phenomenon. At the beginning of my trader path, I did lots of silly mistakes that I could’ve easily avoided �� However, I’ve learned from my own mistakes quite a lot, so it helped me get where I am now. At the moment I’m trading in the black and gradually growing my capital. So far I’m not planning to leave the platform, especially that it is also developing and getting better. Much like my trading skills, naturally ��

So far,I have been reading through the comments and a bit confused on which way to follow now. the truth is that I just need to know which is the better trading platform to start investing on. I use the word “better” because in business there is no perfection. please I really need a sincere and genuine response asap. thank you!

What are your impressions of using OlympTrade?

I have been trading here for 3 years. I like the platform. I believe that I am a trade professional �� If you have any questions, you can ask them. I will help you deal with the platform, although it is easy to use.

Comment owiras I have questions for you about olymp trade,send me mail on [email protected] so you can tell me more about it

Comment Area Tell me about your strategy

Please kindly teach me the strategies to use on olymp trade

We would advice you to choose from the Regulated brokers https://55brokers.com/forex-broker-reviews/. Olymp Trade is NOT regulated, therefore, you might just never get your money back after investing with this broker.

Please, check available Forex seminars and webinars, where you will be able to learn more about trading. https://55brokers.com/forex-webinars/
https://55brokers.com/forex-seminars/

Iqoption is scam platform. They manipulate the trendline if you are in profitable position in binary option.I donot know about olymp trade. I just created account

This article is not about Iqoption XD
Be careful what and where you write.

OLYMP TRADE is a good trading platform. I have been using this for 2 years now. If you understand that this is not an easy way to make money, then you will earn. If you want to make money, you must have analytical approach. If you do not have analytical mind, then I advise you to forget about making money on the Internet. You will lose your money.

I recently learned about OlympTrade platform, started to read the reviews and noticed, that there are many contradictions in reviews. Then I decided to try trading on the platform just for myself and find out what’s a lie and what’s true.
Now I can share my impressions.
You can trade on the platform through the mobile application or the computer. The mobile version has many tools as well as a full desktop version, I think, they fully substitute MT4.
There is a separate window for technical anaysis, there is a widget of free signals, which I liked a lot. There is a separate training section for those, who are just starting. I watched a few webinars and was satisfied with it! If I came across something similar in the beginning, I think, I could succeed earlier.
After watching a webinar, you can try the strategy on the demo-account right away, therefore the theory always will be supported by the practical part, and it will bring some good results.
And after you will be trading and receiving the income on a demo account, you can try to create a real one by depositing just 1$. Making a deposit is a simple and clear process, the money will be accepted in a few minutes. The withdrawal is also fast, the broker promises to withdraw the money within 24 hours, but I received them in approximately a few hours.

I’ve learned about Olymp Trade a few years ago. Back then my brother was passionate about the trading on the market and showed me this platform. I forgot about Olymp for a year, and half a year ago I remembered it and decided to test.
For the beginning, I created a demo account and started getting to know the platform. Then I found the community of traders on facebook and started to communicate with them at the same time learning their trading strategies and some small lifehacks.
At the same time, I was watching different webinars and read much information about the market.
Two months ago I switched to the real account. And yesterday I made my first withdrawal. I didn’t have any problems with it, everything was very fast.
So I’m happy with the platform and recommend it to all!

I have a demo account in Olymp Trade. I watch strategies in youtube and try in demo. I think this platform is very easy when you learn how to do it first before starting in a real account. I’ve plan to start trading this year. May God bless us all!

I hesitated to write a positive review about my broker, because.. oh well, I’m just lazy. But you see, a friend of mine has just lost his monthly salary equivalent because the broker he used (may his name be excluded from Google cash forever) cheated with market data. There was a huge spike which swallowed half of his deposit and sure enough you can’t find this spike anywhere else. Neither at Trading View delayed data, nor at other data providers. I’m sure this broker did this before too, it just wasn’t that obvious.
I’ve always been telling him to switch to Olymp Trade but he never listened. So I’m just trying to prevent as many people as possible now from the same mistake my friend did.
Olymp offers decent spreads and commissions policy and it doesn’t swallow all of your profits if they happen to occur.
Their market data is honest
Funding accounts is easy
Tons of instruments to work with
Withdrawals of profits go smooth (you’ve been waiting for this one, ha?)
Trading platform is stable and convenient
Do I have to go on?
You see, lots of people get stuck with their trading simply because their broker does not allow any profits to come in. There are tons of measures they can take to prevent you from profiting and you will never know. Discipline, emotions, proper systematic trading… yes, people often lack this but success on the market is not limited to these things only. Broker is your nearest partner in this journey to financial freedom, so you’ve got to choose this partner thoroughly. Please don’t run into same mistake my friend did, wasting months or even years of your life fighting with the windmills your broker puts on your path. I know for myself that Olymp is my dear Sancho Panza and he never let me down. I’m not telling you to go with Olymp only. I just wish yall to find the partner you trust as much as I trust mine.

Can’t say it was easy, but I did it! I’ve withdrawn my first profit from Olymp Trade. It all looks very easy when you watch these commercials or even trading tutorials. In fact trading digital options is a difficult job. You have to be prepared to some failures before you finally learn to identify the mood of the price: where it wants to go, what is the tendency. I tried following some other people’s advice but it never worked out well. Only after I learnt myself to trade thoughtfully and pay enough attention to price studies, then only profits came in. I’ve started with $100 and withdrew my first $300 finally last week. For someone this amount sounds ridiculous, For me this is the first step on the path to financial freedom.

That’s nice bro please am new into it pls would you help me on how to understand its work WhatsApp +2349035189557 or email me @[email protected] Com
Thanks so much.

Can you all guide me to success as I just created account with Olymp. WhatsApp me through: 07034032995. Thanks alot

They are not truthful, Indeed after trading with them for some weeks on the the real account. they got up one day and denied me access to my account. I had written to them without any response

First of all you need to find out whether you’ve completed the verification process on your account. This can be the problem. Once verification if completed, your account will get unlocked and you’ll be able to withdraw profits anytime with the verified payment method. You’ve got to pay attention though,that its only possible to withdraw the money using the same payment method you funded your account with. This policy has something to do with the anti-money laundry act.

I have not make any deposit into my trade account because i am a newbie. I would like a person who knows how to trade come teach me to avoid losses of money. [email protected]

In my opinion Olymp Trade has got the most advanced trading platform among all online brokerages. I know many of them use MT4, but I absolutely hate MetaTrader. OT browser-based trading platform has got charting tools, indicators, different timeframes and you can also choose the preferred bar types including Heiken Ashi bars. Pending orders and stop losses are available too. Simply love it!

I am new in this Olymp trade platform. I need some assistance please, anybody to share with me the trading strategy?

We would advice you to choose from the Regulated brokers https://55brokers.com/forex-broker-reviews/. Olymp Trade is NOT regulated, therefore, you might just never get your money back after investing with this broker.

Please, check available Forex seminars and webinars, where you will be able to learn more about trading. https://55brokers.com/forex-webinars/
https://55brokers.com/forex-seminars/

By the way it sounds and considering the long list of the brokers you’ve tried working with it occurs to me that the cause of the problem lies not in the field of one or another broker’s competence, but in the trading system you use. Well, most likely I would not be mistaken if I said there is NO trading system in your approach to digital options market. You can’t start making money with guessing where the price will go. It’s all about statistics. If market conditions are such, then with 65% probability the price will go up. Something like this. You don’t have to guess correctly 100% of the time. You don’t need to guess at all. You just need to exploit the statistical advantage.This is the only path to be successful on the financial market. If you don’t know how to build your first proper strategy, then try some of Olymp’s educational programs. They will teach you the basics and once you know your edge, you will transform one of the strategies to suit you best and bring you more money.

I am a risk taker olymp trade here i come whether you are a scammer or not…………zvimwe zviyedzwa lol.

If you try, you will realize that this is stupid slander. The company is very reliable and has a very responsive service. I had several problems with the company, but everything was resolved quickly and Olymp Trade proved to be the best. Of course, sometimes problems arise, but the main thing is that the company is working to resolve them. Many people faced with a problem do not try to solve it calmly, but begin to pack up and look for various slander about the company.

I have been practicing with the demo account and watching staff on YouTube to learn. I can say I am improving. I have given my self a Target to earn a month. If I can find a strategy..through practise that will maintain this amount for 3 months, then I will trade with the real account. Its better to try things out to know for sure.you can base money decisions on hearsay.

Convenient platform, excellent support that answers all my questions fast and in a professional manner. I like the variety of instruments that they’ve got. I wish all of these instruments had same payout rates, but oh well.. Money withdrawals are fast once you complete the verification process. Usually I get the money the same day I do the withdrawal request.

Yeah I want to know about the strategy. Thanks

Olymp trade is great some dumb fools don’t just get it have been trading for two years and I earn $800 everyday of my life I own my house, am a cars owner and am happy thanks to olymp trade

May I know which broken firm to invest into that is not a scam

Dear Manson,
You can check our list of the Regulated brokers https://55brokers.com/forex-broker-reviews/ and you will definitely find the one that fits you!

Hi mate, I’m trading with Olymp for more than 4 years, so may suggest it from my own experience. I’ll briefly describe you the main pros and cons. Pros include regulation by Finanaclial Comission (Finacom), if you will lose some money cause of brokers fault, this regulator will give you a compensation. Also, Olymp is fast in terms of making deposit and withdrawing money. Deposit usually takes around 1-2 min and withdrawings take around 24 hours. There is also good trading platform, I find it easy to learn it, it’s quite native. However, there are also cons, including comission fees for opening the deal. I understand that it’s pay for excellent service, but I think you should know it. Overall, my experience is only positive and during 4 years I never face any problems and made more than 35 withrawals.

I am not going to condemn about Olymp Trade because to be honest , I did gain some profit using this platform. This platform is not perfect but I think it has sufficient features that the traders especially the beginners need to start the trading.

However with the latest update that they just did, I really feel turned off because there are several features that are not functioning well.

I really hope that they will change it back to the previous version which is way better than this current one.

Pls Can u coach me on it so I can be successful like unpls

Dear Gideon,
Please, check available Forex seminars and webinars, where you will be able to learn more about trading. https://55brokers.com/forex-webinars/
https://55brokers.com/forex-seminars/

To tell u the truth , I spent a lot of time on youtube learning about other traders’ strategies. Some strategies work some don’t. That is why it is very important for us to choose a strategy that we feel comfortable in using. And then stick to it. Don’t change it too freequent.

Trading is an area where warranties are needed. When I chose a broker, I was looking for a company with a reliable reputation and membership in an internationally recognized regulator. Olymp Trade is a member of the regulator of the International Financial Commission (FinaCom). The regulator is very important if you trade in excess of $ 500, as it provides deposit insurance. I’ve never needed this, but the essence of insurance is precisely what would act in the future. Of course, you can choose an incomprehensible broker that exists for a couple of months and does not have registration in the regulator. But if you have any problems, then you will be left alone with them. Olymp Trade protects its customers, if you have a dispute with the company, you can always contact the arbiter and resolve it in the correct order. In order to better understand this, you need to know that if problems can arise, then due to technical failures or errors of company employees. And if this happens, you can always solve the problem with Olymp Trade or FinaCom without any problems.

Idiots, they are real scammers. May God punish you all. You will perish and die a terrible death insha Allah

Oh-ho-ho, have you got any proofs? Or you just plaming for nothing? I’m trading with Olymp and it’s reliable broker, that never delay withdrawals. Moreover, usually I withdraw money at least one time a month. And I wait around 18 hours each time. If you have proofs – you’re welcome to show it. However, if you just want to hate trader, don’t write anything. There is the only reason, that can explain your bahavior: you lost money gambling and now blame Olymp Trade

For me, trading is a hobby and I trade exclusively in a mobile application. Options trading on the Olymp Trade platform is also available through a mobile application that can be installed on any device. The application works with a single account in the company and has a convenient interface. Yes, the company had to cut some functions in order to achieve smoothness and speed, but at the same time the platform works very economically and does not discharge the device. If you don’t need all the indicators, then the Olymp Trade mobile application is very usable.

I am interested in olymptrade no matter what is said about the broker. I have done the demo trading for a long time and have read a lot of testimonies so I can’t go back.
But I can’t make a deposit b/c I don’t understand how to, since I have not done it before. I need help. Which method did you use. I need help please.

We would still advice you to choose from the Regulated brokers https://55brokers.com/forex-broker-reviews/. Olymp Trade is NOT regulated, therefore, you might just never get your money back after investing with this broker. That’s the difference between the demo account and the ususal one, since you do not trade your own money with the demo account.

Deposit methods vary from country to country with Olymp. If you press the deposit button in the menu sections of a trading platform, you will be automatically redirected to the page with all the payment methods listed there. Just choose the one you prefer and follow step by step instructions. It took me less than 5 minutes to deposit via credit card. The account balance showed up in a platform immediately and I could start trading right away.

Pls I have put my withdrawal request..and its been 5 days nw and I haven’t seen my $100

You can try contacting your personal manager regirding your withdrawal process. If there is no reply from the company managers, you can try reporting to your local authorities.

I’m interested to join the trade, what will I do

Just go to olymptrade.com and fill in the simple form. You don’t have to deposit any money yet. In fact i recommend that you spend at least 3 months in the free demo account. Sharpen your skills , understand the usage of indicators etc…

Learn about indicators first. You have to know at least 2-3 indicators. Be familiar with the usage. If you do not know any of these indicators, it is just as good as you are gambling. You will only tend to press the red or green buttons for trading. That’s a very wrong way to trade.

Olymp Trade Review: Is Olymptrade.com Scam?

Olymp Trade Review: Is Olymptrade.com Scam?

52 Comments

Last Updated: Sep 5, 2020 @ 8:31 am

Our focus today is on a binary options broker called Olymptrade. Olymp Trade has been around since 2020, and are operating out of Cyprus, although registered with FMRRC in Russia. In addition to this, the broker holds a certificate with the Financial Commission.

This broker claims to offer a reliable and cutting-edge trading platform for both newbies and experienced traders. They also run a proprietary trading system which they claim was created by their top programmers. It is known as Olymp Trade.

As at the time of writing this review, Olymp Trade claimed that it had over 6,000 active customers and that they had paid out over 3 million US dollars so far.

The company does not state upfront what the minimum investment is for one to start using their platform. However, if you dig deeper, you will find out that Olymp Trade is offering a live trading account for as low as $10.

The amount of bet that you can place on a contract is $0.5.

As a newbie, Olymp Trade will recommend that you open a demo account with them first. These accounts can be used to trade both currency pairs and commodities too.

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In addition to this, Olymp Trade has a vast array of interactive learning materials.as well as analytical tools which they claim were developed by their top traders.

Of course all the features highlighted on the sales page of this broker are quite attractive. After all, if you can practice with a demo account, you can perfect your strategy before switching to a live trading environment. Nothing to lose!

Well, this review will tackle this broker from all angles, starting from the features which they offer going down to customer feedback.

But first, if you’re looking for binary options robots that work, check out this list.

Olymp Trade Review

In the first place, Olymp Trade is infamous for having produced a robot that disappointed traders. That robot is no longer used by investors in the binary options niche, although some ignorant traders still use Olymp Trade broker to conduct their trading activities.

This broker announces that they offer the services of professional consultants to their traders. These professionals are supposed to develop a trading plan for their customers and even provide them with trading signals.

We believe that these are the same people who created the so-called Olymp Trade software which disappointed traders.

In our opinion, things haven’t changed. So you will still get a raw deal from these guys anyway.

Re-quotes and order execution

Most brokers do not admit when they have re-quotes and delayed order executions. This is because most of them conduct bucket-shop operations on the internet. They always make it harder for you to win trades. And even if you outsmart them, they will never process your withdrawal request.

That seems to be the order of the day at Olymp Trade brokerage firm. Some customers have reported this awful experience with the broker.

We presume that those are the only customers who beat this broker in his own game, hence their withdrawal requests were not honored. The rest lost, so they never even attempted to place a withdrawal request.

While the customer support is always quick to respond to complaints and queries raised by customers, they don’t seem to address the problems of every trader on this platform.

In this particular case where customers complained of re-quotes and delayed order execution, this broker responded by saying that it was due to market liquidity issues.

But as far as our experience is concerned, most brokers manipulate orders intentionally at various times of the day. Even registered ones do this kind of thing.

So while some traders say that this broker is honest and transparent in their operations, we do not think that this is the case.

Broker bonus

While a bonus is always a godsend when you don’t have sufficient funds for trading, this can also be trouble in disguise.

Again, we received a complaint from one trader who claimed to be a customer of this broker.

In this case, one of the Olymp Trade managers called him and explained that if he deposited $50, the brokerage firm would top up the amount with an extra $300. This would mean trading with $350.

On top of that, this manager promised low spreads and great educational materials for those who want to learn and get on the fast track to making profits. This sounded great to him, so he made a deposit of $50 and he received the promised bonus. So far, so good!

However, Olymp Trade blocked all his trades, claiming that he had to top up an additional $100 in order to have access to these trades. That was a surprise and a bombshell because the manager did not explain it upfront.

This customer did not take these tell tale warnings seriously, so he replenished his account with an additional $100 as requested. Trades were opened. But instead, this customer spent some time on their ”great educational program” before trading the EURUSD for a good profit.

His account now had a profit of $150. Unfortunately, when he requested for a withdrawal of $100, his account was blocked. Olymp trade wanted him to add another $500 before any withdrawal could be made. That’s when it occurred to him that Olymp Trade is a scam broker.

Now, there are several other complaints that we have received and also seen on the internet as well. While positive reviews do exist here and there, verifying the authenticity of these positive reviews is quite difficult.

However, this particular customer’s experience shows an element of dishonesty from the part of Olymp Trader. It is actually surprising that this broker is operating with impunity and regulators are doing nothing about it.

A word of caution

Olymp Trade isn’t the only broker offering bonuses. Most (if not all) brokers offer some form of incentive in the name of a bonus.

The problem is that bonuses often come with restrictions. So the moment you accept their terms and conditions, you are denied the freedom to withdraw your money until those conditions are met.

In the case of OlympTrade, naive customers are suffering due to lack of awareness. They do not read these terms and conditions. Besides, they do not know that they are dealing with a dishonest broker who is also a bucket shop.

By saying bucket shop, we mean that this broker is always manipulating price feeds to ensure that you will never win. They do not like it when you make money because they lose as a result. So that’s the essence of a bucket shop operation.

Our best advice for you

There are a lot of convincing signs that Olymp Trade is not an honest binary options broker. There is a lot of mixed reactions on the internet concerning people who claim to have used the service of this broker before. Some are recommending them while others are rebuking their style of doing business.

Whatever the case, we feel that this broker has a lot of things which they are hiding from their clients. It is only a matter of time before authorities will catch up with them. But this has to take the effort of several customers complaining to the registrar to have its license revoked.

Therefore, the bottom line here is that you should not trade with Olymp Trade broker. If their trading system failed terribly to the extent of being called a scam, you don’t expect things to change that much. This system is still run by the same dudes.

OlympTrade

Overview

OlympTrade is an international brokerage company that provides its customers binary options trading service. The company began its trading activities in 2020 in Russia and CIS countries, after that it expanded to global business. The broker accepts deposits in all major currencies of the world, as well as in Russian rubles. OlympTrade uses a proprietary trading platform that is adapted to different screen resolutions. Also the broker provides training content for beginners who are unfamiliar with the market of Binary Options: video lessons, books, webinars.

Rating chart

Detailed Information

OlympTrade Reviews

Lisa Donalds from United States of America

MY BEST TRADING EXPERIENCE EVER I have seen and tried different strategies and methods even lost alot of money while trying. Until i was introduce to this new strategy that got me back on track and i have been able to regain my lost money and still making consistent growth on all of my trade. Mr Lewis is an amazing trader, He steadily lifted me out of financial penury. If you are interested and tired of losing your money You can reach him on Email Joelewis4755 @ gmail .com you can also reach him on whatsapp via +1(623)226-7303..

Zulhel from Malaysia

I am pleased with the fact that Olymp Trade has adapted the terminal to work independently, really it will not take you much time to understand all the functions and features of the platform, and there are all the necessary settings so that you can control the market situation and trade in a convenient format;

Zinat al-Anan from Morocco

Olymp meets the expectations that you create for yourself. After all, deep down in our hearts, each of us is hoping to work in great conditions and a broker can become a real helper, who will give you the opportunity to understand the market and start earning. It seems to me that I still belong to the lucky category. Because I immediately found myself in Olymp and I haven’t changed this broker for many years. I like the fact that here you can work in a convenient terminal, as well as keep in touch with your colleagues thanks to specialized pages in social networks.

Rebecca Austin from United States of America

They want more money in and when you decline to take loans worth of €90,000.00 they’ll empty your investment account. That’s what happened to me. In the beginning it seemed to be ok, but when you want to take money out it is not possible. They say it takes long time to gather the money etc etc. There’s always excuse why you can not have your money back. I have contacted them via customer service and I never got reply in written. My first contact to them was the trading pause of seven weeks. I had that time on my account €85,654.00, suddenly when they started to do the trading, there was less that €20,867.00 left. I checked the trading history win loss report and there wasn’t loss enough that could’ve explained the disappearance of 60,567.0 euros. I was not able to get access to my invested capital including my bonus in the Bloombex account, God so kind, luckily as I was researching for how to get my funds back from the scam broker, then I came across a comment on the broker reviews website, that talks about a recovery expert, on binary,forex,crypto and bitcoin trade recovery, Mr Nathan Harold, he was to guide me the process to get my funds from the scam investment broker Bloombex option trade. Him and his team worked relentlessly to get my refund. Feel free to reach out to him , if you had same experience via his email address: [email protected] and he will guide you on steps to take and get your invested capital including your bonus back.

Banawa Suwarno from Indonesia

It takes time to realize how advantageous Olymp Trade approach to doing business is for its clients. It seems to me that Olymp’s goal is to provide access to real trading to everyone regardless of their experience and financial well-being. DEposits start with only $10 (I’d suggest starting with at least $30 nevertheless), you can do trades risking only $1 per trade. This is an excellent opportunity for newbies like me to gain experience and develop in a career of trader. Lots of educational materials that don’t only do the bla-bla job, but actually review some working trading strategies. Online trading platform is really minimalistic but has got lots of indicators and various order types.

Lance from United States of America

Don’t ever try to trade cause they are bunch of rippers. I have been wasting my time with this unregulated brokers for a long time. They keep asking me to pay for taxes, I wasted my time and efforts with this bunch of scammers. I requested to make withdrawal and my account was frozen for no reason. All my money was gone. I regret every action I took with this scammers all happened because of my ignorance. I was at point of giving up when I was referred to an Ethical Hacker who helped me get back all I lost within 7days. Feel free to consult (ADMIN @ OXOWEALTHRECOVERY . C O M) today and be rest assured your problems is solved. Give a trial today and you will be glad you did.

Amie jones from United Kingdom

Are you new to bitcoin investment, and wish for a professional and experienced investor for investment strategies, or you recently invested in Bitcoins or traded on Forex or binary options and you are yet to recover your funds, simply contact me on [email protected] com I can be of help

JHussin from Singapore

I was looking for a source of additional income and some people advised me to have a closer look at online trading. First I thought it was some type of gambling. Watching some brokers’ commercials made me sick, cause they promised trading is the path to immediate success and earning millions per minute doing nothing but guessing where the price will go. I knew it wasn’t true. I didn’t believe in these promises and was about to forget all about trading. Olymp Trade videos and articles were the only promotional brokerage campaigns that made me believe that trading is a skill that can be mastered. Demo account, small deposit, increasing the deposit and risks – this was my path to finally get the additional income I wanted. This path was not easy but I’m grateful Olymp Trade has created a perfect environment for my professional development as a trader.

Stella from Canada

At first, I was very skeptical about crypto, but when I made my first investment and my capital and interest were paid, I knew there’s no better place to put my money. I still invest and I have regretted every moment. These scammer stolen all my investment within a blink of an eye. All thank to [email protected] gmail.com they helped me recover all my lost funds without upfront payment. I’m so glad I got my money back.

Kamal Bahara from South Africa

I’m not fond of trading options. I tried but did not succeed. Instead I found this Olymp Trade forex trading platform. You get the same assets to trade there: currencies, commodities, metals, cryptocurencies. But in this case you don’t have to worry about low payout rates for some of these assets. This is not either-or kind of a thing. You buy at a certain price and then you sell at another price. Your gain and loss depend on how far the price went from you entry point. So my experience was much better at forex. I managed to double my account in just two months. I was hoping for faster results, but this is life. The harder you work, the better results you get. Myself I was not that hardworking. The only thing that I really stick to was trading along with the trend. No counter-trend trades. And it worked!

Best Binary Options Brokers 2020:
  • Binarium
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  • Binomo
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