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The best binary brokers 2021 / Olymptrade.com reviews. Scam or not?

Olymptrade.com reviews. Scam or not?

Company information
Broker name business_center Olymp Trade
Logotype Olymp Trade - binary options broker
Official site web //olymptrade.com
Company name Smartex International Ltd.
Country of registration   Seychelles
Head office address room60 Vasileos Pavlou, Agios Dometios: CY 2360, Nicosia, Cyprus
Foundation year 2014
Licenses (Regulation)
FinaCom PLC
Trading platform information
Type of the trading platform In-House
Languages of the trading platform
Operating Systems Compatibility Windows, Mac, Web, iPad, iPhone, iOS, Android
Mobile applications app store android market
Trade Types
  • swap_vertical_circle Higher/Lower
  • swap_vertical_circle Turbo
Assets 13
Customer support chat check_box available
Line phone support
  • phone  88005554562
  • phone  +74996494465
  • phone  +35725030996
  • phone  +1800011194
  • phone  08005913003
Support Email
Information on the trading account
Minimum deposit monetization_on $10
Minimum bid casino $1
Maximum bid casinocasinocasino $200
Minimum payout ratios per trade 65%
Maximum payout ratios per trade 90%
Highly profitable option indeterminate_check_box not available
Returns indeterminate_check_box not available
Early closure of the trade check_box available
Demo account Open a demo accountsend
No deposit bonus indeterminate_check_box not available
Welcome bonus Get welcome bonussend
Signals indeterminate_check_box not available
Robot (Autotrading) indeterminate_check_box not available
Education Start educationsend
Tournaments indeterminate_check_box not available
PAMM account (trust management) indeterminate_check_box not available
Currencies
USD
EUR
Withdrawal and deposit methods
Minimum amount for a withdrawal input $10
Fee for a withdrawal indeterminate_check_box not available
Terms of a withdrawal schedule up to 5 working days
Islamic account indeterminate_check_box not available
Register trading account Open account with Olymp Tradesend
Affiliate program check_box available
Binary options broker Olymp Trade

This table contains all the main parameters of Olymp Trade binary options broker. Parameters include information about a company, which represents the interests of the dealing center, a presence of licenses and certificates, a foundation year. The table contains data on trading platform: what type of platform does Olymp Trade provide to trade binary options and what languages are supported. Information on the trading account shows the main trading conditions of a broker, as well as ways to deposit and withdraw money.

done_all Trusted brokers:

Broker Min. deposit Min. stake Open account
$10$1 Open account!
$10$5 Open account!
$5$1 Open account!
$10$1 Open account!
More brokers

The Olymp Trade has recently begun the existence. It is noteworthy that this broker has successfully begun the work in the English-speaking countries. Their website belongs to two foreign companies — the Frandom Holding Ltd Company, registered in Cyprus, and the Smartex International Ltd Company, registered in Seychelles.

It should be noted that many beginners by a carelessness call this broker “olympic trade”. It is incorrect.

The major and, perhaps, the most important advantage of the broker is record-breaking low minimum deposit — only $10. And what distinguishes the Olymp Trade from IQ Option, so it is an opportunity to buy more long-term binary options.

Minimum deposit

As already I have written above, the minimum deposit is equal to only 600 rubles, 10 euros or 10 dollars, depending on the currency you have chosen. In addition, the Olymp Trade trading platform provides various bonuses depending on the size of the deposit. So, with the replenishment of $20, you will be credited with a bonus of 30%, that is, an additional $6.

Demo account

Another clear advantage of the broker is the provision of a demo account. As soon as you go through the registration of the Olymp Trade, 10,000 demo money is immediately sent to your account. In addition, even after the account is replenished, you can switch between the real account and the demo account of the Olymp Trade. This is convenient, first of all, for testing a new trading strategy. Moreover, you can update the demo account anew.

Also see the page of brokers of binary options with a demo account.

Profit on the transaction and minimum investment

Profitability from one transaction can reach 80% — it is quite good. As for the minimum investment, it is equal to $1 — less than that of any other broker. Moreover, it is possible to enter the necessary amount of the investment yourself, rather than choose from a drop-down list. Such an opportunity greatly facilitates the management of capital.

Types of options

On a trading platform it is possible to trade in both classical and short-term binary options. For any beginning trader it is quite enough. The term of a binary option can vary from 1 minute to 3 hours, that gives the broker an advantage over the IQ Option, the main competitor, as I think.

Basic Assets

Assets of the broker of the Olymp Trade are presented by 8 currency pairs, 3 raw materials and one RNDM the schedule which is generated in a random way and works at the weekend in difference from other assets. The description and time of trade is laid out on each basic asset in the catalog of a trading platform that is very convenient.

Deposit and withdrawal of funds

Deposit and withdrawal of funds is carried out with the help of bank transfer, credit card, QIWI, Yandex Wallet, Contact 24 or other payment systems. The withdrawal time varies from one to five working days, depending on the method. You can replenish your account instantly. The maximum withdrawal amount is $ 3000.

Security — is the broker reliable?

The security of the bank’s transactions is secured by the SSL protocol, and deposits are stored in a European bank and protected by the FinaCom PLC regulator. Having read the terms of the agreement between the trader and the broker, one can come to the conclusion that the provisions of the treaty are governed by the legislation of the Seychelles. But, not having calmed down on it, I looked at the responses of traders in various social networks and forums. There were no talks about the broker’s failure to comply with his obligations. Moreover, the real feedback about the Olymp Trade was mostly positive (negative feedback is very little). So, I came to the conclusion that the Olymp Trade can be trusted with his investments and this is not a fraud and not a scam. You can earn money.

Other Advantages

The Olymp Trade trading platform is simple, understandable and easy to use. You do not need to download it, because it works online. I think that for a novice trader, this trading platform will do just fine.

Also it should be noted various training materials and free webinars held every Tuesday and Thursday. The leading broker traders disclose the various secrets of trading binary options.

Additionally, users use analytics or trading signals. And from recent time some traders use a robot on the Olymp Trade. To do this, simply contact the support team.

Is it a fraud or not?

The broker is just fine for beginning traders, especially those who are afraid to invest in binary options. Demo account for registration, free webinars and a low minimum deposit is allocated by the Olymp Trade on the background of the rest. Therefore, I recommend! To go to the Olymp Trade trading platform, simply fill out the form below:

It should be noted that the Olymp Trade broker is one of the best choices for English-speaking citizens.

Rating

[taq_review]

One comment

  1. While for work I decided to choose the Expertoption broker. In all respects, it turned out to be the most successful option, and I’m quite happy with the profit.

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