Olymp Trade Review: Is it a Reliable Trading Platform?

If you're looking for a reliable trading platform to start your trading journey, then you must have heard about Olymp Trade. Here's a detailed Olymp Trade review to help you make an informed decision.

What is Olymp Trade?

Olymp Trade is a global online trading platform that provides traders with a range of financial instruments, including forex, stocks, indices, commodities, and cryptocurrencies. The platform was launched in 2014 and has since then grown to become one of the most popular trading platforms in the world.

The platform is easy to use and offers a range of advanced trading tools, making it suitable for traders of all levels of experience. The low minimum deposit requirement and demo account make it an attractive option for beginners who are just starting out, and the range of deposit and withdrawal options make it easy for traders to fund their accounts and withdraw their profits.

Trading Instruments

Olymp Trade offers a range of trading instruments across different asset classes, including forex, cryptocurrencies, stocks, and commodities. Forex trading is one of the most popular trading instruments on the platform, with a range of major, minor, and exotic currency pairs available for trading.

In addition to forex trading, Olymp Trade also offers a range of cryptocurrencies for trading, including Bitcoin, Ethereum, and Litecoin. Cryptocurrency trading has become increasingly popular in recent years, and Olymp Trade provides traders with a safe and reliable platform to trade these digital assets.

Stock trading is another popular trading instrument on the platform, with a range of popular stocks available for trading, including Apple, Google, and Microsoft. Traders can also trade popular indices, such as the S&P 500 and NASDAQ.

Trading Accounts

Olymp Trade offers three main types of trading accounts: Standard, VIP, and Demo.

• The Standard account is the most basic account and requires a minimum deposit of just $10. With this account, traders can access a range of trading instruments, including forex, cryptocurrencies, stocks, and commodities. The account also offers access to a range of educational resources and customer support.
• The VIP account is the most advanced account on the platform and requires a minimum deposit of $2,000. With this account, traders can access all the trading instruments available on the platform, as well as advanced trading tools, such as market analysis and personal account managers. The VIP account also offers faster withdrawal times and priority customer support.
• The Demo account is a free account that allows traders to practice trading without risking any real money. The account provides traders with $10,000 in virtual funds, which they can use to practice trading and develop their strategies before trading with real money.

Overall, Olymp Trade offers a range of trading accounts to suit the needs of traders of all levels of experience and budgets. Whether you're a beginner or an experienced trader, there is an account that will suit your needs on the platform.

Trading Platform

The Olymp Trade platform is user-friendly and easy to navigate, even for beginners. The platform offers a range of advanced trading tools, including technical analysis tools, trading signals, and historical data. The platform is available on both desktop and mobile devices, making it easy for traders to trade on the go.

Customer Support

Olymp Trade offers excellent customer support, with a dedicated team of support agents available 24/7. The platform also offers a range of educational resources, including video tutorials, webinars, and trading strategies, to help traders improve their skills and knowledge.

The customer support team can be contacted via email, phone, or live chat, and they are always available to assist traders with any questions or issues they may have. The platform also has an extensive FAQ section that covers a range of topics, including account management, trading, and technical issues.

Security

In terms of security, Olymp Trade uses the latest encryption technologies to ensure that traders' personal and financial information is kept safe and secure. The platform also has a range of deposit and withdrawal options, including credit cards, e-wallets, and bank transfers.

Additionally, the platform is regulated by the Financial Commission, which ensures that the platform adheres to strict regulatory guidelines. This provides traders with added peace of mind, knowing that they are trading on a reliable and trustworthy platform.

Is Olymp Trade legit?

One of the most important things to consider when choosing a trading platform is its legitimacy. In the case of Olymp Trade, the platform is regulated by the Financial Commission, which ensures that the platform adheres to strict regulatory guidelines. Additionally, Olymp Trade has won several awards, including the Best Financial Broker in 2018 and the Best Trading Platform in 2019.

Olymp Trade: pro and contra

Advantages

• Moreover, Olymp Trade offers a range of educational resources that can help traders improve their skills and knowledge. The platform offers video tutorials, webinars, and trading strategies, which can be accessed by traders of all levels of experience. This is a great feature for beginners who are just starting out and need guidance on how to trade effectively.
• Additionally, Olymp Trade offers a range of bonuses and promotions to its traders, including deposit bonuses, risk-free trades, and trading contests. These bonuses can help traders boost their profits and improve their trading skills.
• Another standout feature of Olymp Trade is its low minimum deposit requirement. With a minimum deposit of just $10, anyone can start trading on the platform. This makes it an attractive option for traders who are just starting out and don't want to risk a lot of money.
• Demo account is also a great feature provided by Olymp Trade. The demo account allows traders to practice trading without risking any real money. This is a great way for beginners to learn how to trade and develop their trading skills without any financial risk.

Disadvantages

• However, like any trading platform, Olymp Trade also has its drawbacks. One of the main disadvantages of the platform is its limited range of trading instruments. While the platform does offer a range of financial instruments, it may not be enough for traders who are looking to trade a wider range of assets.
• Another disadvantage of Olymp Trade is its limited trading hours. The platform only offers trading during specific hours, which may not be convenient for traders in certain time zones.

Despite its drawbacks, Olymp Trade is still a popular trading platform among traders around the world. With its user-friendly platform, low minimum deposit requirement, and excellent customer support, Olymp Trade is definitely worth considering for your trading needs.

Conclusion

In conclusion, this Olymp Trade review has shown that the platform is a reliable and trustworthy option for traders who are looking for a user-friendly trading platform. While it may have its drawbacks, the platform's advantages, such as its low minimum deposit requirement and excellent customer support, make it an attractive option for traders of all levels of experience.