Olymp Trade is an online broker that was established in the year 2014. Owned by Saledo Global LLC and headquartered in St. Vincent & the Grenadines, this advisory broker is available to users from over 30 countries around the world with over 25,000 clients currently trading on its platform every day
Over the years, Olymp Trade has won numerous awards such as Best Financial Broker (CPA Life Awards 2017), Best Options Trading Platform (Le Fonti 2016), Best Options Broker (Forex Expo 2017), and The Fastest Growing Broker (ShowFx World 2016).
The Olymp Trade platform is easy to navigate and there’s a real focus on the user experience
The Olymp Trade platform can be accessed via the web, a dedicated desktop application (available for Windows and Mac) and a smartphone/tablet app (available for Android/iOS).
The website is straightforward and shows users exactly what they need – not just to track their trades, but to trade successfully.
Compliance & Regulation
This broker is not regulated by any authorities in Europe, North America, or Asia. However, it is a member of the Finance Commission (FinaCom), an external dispute resolution body in the field of online trading. Olymp Trade is registered as an A-class broker with this commission. In case you have any complaints against the broker, you could appeal to FinaCom and get your disputes resolved. FinaCom provides legal assistance in resolving your issue and could help you in attaining monetary compensation of up to €20,000. This is a unique and appealing insurance policy for traders, which is not a common offering in the industry.
- Credit/debit card
- Bank transfer
The minimum deposit is low, at only £10
Withdrawals are fast and made via the same method used to deposit. Most withdrawals are processed on the same day
- Standard Account: To open a standard account, users only need to make a minimum deposit of £10. Investors can trade at a minimum of £1, and up to a maximum of £2,000. The minimum withdrawal amount is just £10, with no maximum withdrawals. The standard account offers spreads in the region of 1.1 pips.
- VIP Account: To qualify for a VIP account, users need to deposit at least £2,000. These account types offer some additional benefits in comparison to the features available from a standard account. VIP account holders are permitted to make trades up to a maximum of £5,000, and they also gain access to a VIP consultant. These consultants are experienced financial analysts who can provide advice on which trades to make. VIP account holders can also access additional training tools which are not available to standard account holders.