Olymp Trade offers 24/7 customer support through email and phone. Their commitment to supporting traders from over 130 countries indicates a potential for further market expansion. As technology continues to evolve, it is likely to integrate new features and tools to enhance the trading experience.
Good trading platform and experience
In the case of Olymp Trade, they have a score of 4 out of a possible 5 stars. This is quite a good score for the number of reviews, but it should be noted that the broker’s homepage states that they have over 88 million trading accounts. Olymptrade provides an exclusive bonus , make a deposit within an hour after registration, and you will be credited with a welcome bonus. We also receive lot of questions from Nigeria, other African countries, these are similar to questions we receive from users in India and Indonesia. So, if you are from Nigeria or another African country, you can open an account, it is allowed.
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Another perk of the firm is that you can begin trading with as little as a $10 investment. Furthermore, the lowest investment per transaction is a mere $1. Also, drawing tools are available on the trading platform. Horizontal lines, vertical lines, trend lines, and Fibonacci can be used by traders. In conclusion, Olymp Trader offers a wide range of different tools for analyzing assets.
- This visual appeal is matched by a high level of intuitiveness on platforms that are very easy to navigate and can be run easily on many devices.
- Another way Olymp Trade proves to be beginner-friendly is with its minimum deposit which is set at $10 and the minimum trade amount at $1.
- Compare Olymp Trade with the top 3 similar brokers that accept traders from your location.
- The platform also offers its trading services in many other countries.
- In terms of customer support, this broker has a FAQ section, a hotline (telephone), a contact form, and Email support along with live chat.
i made withdraw of my trading amount…
So the only question is, with so many forex broker options out there, such as VantageFX and FXPIG, is Olymp Trade truly the right choice for your needs? The Starter Status account is the most basic type of account. It becomes activated for you when you deposit the minimum allowable balance of $10. The maximum payout rate for a winning trade on this account is 82%.
What Kinds of Assets Can You Trade?
Olymp Trade allows you to trade without verification and a full profile, but we do not recommend doing that. As already mentioned briefly, the broker is very popular, and we really like the fact that it is easy to understand, optimized for mobile phones, and has great deposit options. Below you will find our take on the usability of Olymp Trade. Category “A” means that the Financial Commission guarantees a monetary compensation of up to 20,000€. The funds of traders are backed up if some mistakes happen or the broker or bank goes bankrupt. The Financial Commission is a contact person for every trader.
This average customer rating is based on 6 Olymp Trade customer reviews submitted by our visitors. Olymptrade offers a fairly intuitive platform with a decent range of tools, getting it a solid platform and tools rating. Withdrawals must be done via the same method used to deposit. These are typically processed within 24 hours for Starter account holders, though this reduces to a few hours for Expert status. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Hello Pankaj Rawat,Thank you for reaching out and updating us about your situation.
Is Olymp Trade easy to use?
- Other documents on the company’s website you should review include Regulation on Trading Transactions.
- What app have you ever used that makes your money disappear?
- Olymp Trade is an international online broker that boasts up to 25,000 active daily traders spread across Asia, Africa, Europe, and Latin America.
- Similar to the web version the Olymp Trade app has the same functions and offers for trading.
- There are also no deposit fees, though your bank may charge its own transaction fees.
- There are no actual trades, this app is not licensed to allow any trades anywhere.
Verification can help ensure real people are writing the reviews you read on Trustpilot. We use dedicated people and clever technology to safeguard our platform. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. Its been 3 years of using it, and never have any complain. But the lack of crypto to trade is what puts me off, but still not making me stop giving 5 star review. Processing of the documents takes up to five business days.
User Reviews
Here, traders can find additional analysis tools and options that will help improve trading conditions and increase the effectiveness of their strategies. The verification process on the Olymp Trade platform is designed with user convenience and security requirements in mind. Initial registration does not require immediate verification, allowing traders to start trading quickly. However, verification becomes mandatory in certain situations, such as when using a new payment method or when there is suspicion of unauthorized access to an account.
These channels provide traders with updates, educational content, and the opportunity to engage olymp trade broker reviews with their community. Olymptrade offers a copy trading feature that allows traders to follow and copy the trades of successful traders. The broker regularly conducts webinars and live events to provide real-time education and market insights. The program offers various benefits, such as higher payout rates, personal account managers, and exclusive trading strategies.
From my experience, the support is very competitive and works fast. First of all, you can use the FAQs (frequently asked questions). Another advantage is that the broker got well-educated account managers for Expert- and Advanced Accounts. In conclusion with more than 8 different languages, the support is reliable and recommendable.
In order to withdraw the funds a trader shall sign in to a personal account, and request under the tab «withdraw». For the future withdrawal of funds on the same card or electronic payment system that was used for making account deposits, a verification of the personal account is required. The Olymp Trade broker works with major payment systems such as Credit cards, debit cards, Qiwi, Skrill, Neteller, Yandex Money, Webmoney, Payments, FasaPay, etc. Note that they greatly simplified the procedure for withdrawal in comparison with other brokers. The OlympTrade broker declares, that using quotations of big investment companies it publishes in the terminal their average-weighted value. So this information will certainly differ from MT4 data, but it’s displayed directly on the platform, asset values are equal for all traders and remain under the tab «Quotations».
The online platform of OlympTrade provides a free demo account for anybody who wants to. All you need is to sign up and get full access to the trading platform with a balance of 10,000 virtual dollars afterward. After demo training, you can work with the real deposit masterfully.