Olymp Trade: User Opinions & Reviews
If you are looking for real opinions on Olymp Trade, you’ve come to the right place. Under this article, we collect comments from people who trade with this broker. We make every effort to ensure that the feedback is true and does not come from bots. If you have ever used this broker, we encourage you to leave your opinion below. You can help many people this way. However, before we go to the comments, I will present you the most important information about Olymp Trade.
| All you need to know about Olymp Trade | Rating | ||
For Beginners  | 9 |
Olymp Trade Details
Olymp Trade is one of the most popular binary options brokers. The broker is especially popular in South America. Remember that the broker is not available in the EEA, UK, USA, CA and AU. If you live in one of these areas, consider this broker. Olymp Trade offers a great training program that will teach you all the most important things about binary options in 30 days. The minimum deposit is just $ 10. The broker offers a great mobile app for Android and iOS.
| Specifications | |
|---|---|
| Founded | 2014 |
| Regulation | FinaCom |
| Demo Account | Available |
| Min. Deposit | $10 |
| Min. Investment | $1 |
| Max. Investment | $3000 |
| Instruments | Binary Options, CFDs, Forex |
| Assets | +150 |
| Availabe on: | Web, Android, iOS |
Olymp Trade doesn’t have too many disadvantages. One of them is relatively low returns, which rarely reach 90% on the platform. With many competitive brokers, returns often reach over 90%. By default, binary options guarantee 50% effectiveness – the higher the returns the broker offers, the easier it is to earn money mathematically. Therefore, brokers who offer very low returns are a classic scam that will never allow you to earn money in the long run.
Is Olymp Trade Safe?
Yes, absolutely! Olymp Trade is regulated by FinaCom, which means your deposit is completely safe. This is one of the best regulations a broker can get. In addition, the broker has been operating on the market constantly since 2014, and this only proves its credibility. No broker who cheats on people would survive that long. If something was wrong with Olymp Trade, the relevant organizations would close its activities long ago.
How Olymp Trade make money?
Every broker is afraid of this question. If you ask the broker what the platform is making, you probably won’t get a reply or you will hear that the broker earns on commissions. The truth is, brokers make money from customer losses. Remember that the broker is never your friend – that’s why he does not listen to advice and do not use the strategies offered by brokers. Olymp Trade is just a tool that allows you to place orders on the market.
Is Olymp Trade a scam?
Looking at the comments below and considering the brokerage experience – Olymp Trade is by no means a scam. The broker has many years of experience in such a difficult industry as binary options and has one of the best regulations in the industry. The broker works as it should and complies with all standards and rules. Therefore, you do not have to worry about anything when depositing money. Focus on learning and trading.
Olymp Trade – User Reviews
We come to the most important part of this article – user reviews. The reviewer’s opinion is nothing compared to the community’s rating. Therefore, we allow our readers to leave a review about the broker. We make every effort to ensure that the opinions are credible and come from real customers. If you have used Olymp Trade services, please share your experience below. This is of great importance for us and for the society. Your comment can help many people decide whether to open an account with Olymp Trade or not.
Initially I had concerns
Initially, I had concerns, because the platform seemed to me to be very extensive for a beginner investor, but with time I got it all and I am very pleased. Olymp Trade offers a lot of instruments, so everyone will find something for themselves. Very nice telephone support, they will answer and advise in any situation. They also have a lot of useful educational materials on their website. The application on the phone is transparent and works smoothly, unlike the previous brokerage I used, and the breakdowns were relatively frequent. So I can recommend Olymp Trade with a clear conscience.
Modern trading platform
Cool, intuitive platform – it’s worth starting with a demo account. Large selection of instruments + no commission. For me, there is currently no better broker on the market
Training Program
I am a beginner and the 30 day training program has helped me a lot