Olymp Trade Review: Is Olymp Trade Safe?

Olymp Trade is a tech-driven trading platform with a user-friendly interface and a wide range of effective tools. It is suitable for both novice and experienced traders.
The company has only been around since 2014, but it has already established itself as a stable and reliable broker. Olymp Trade actively strives to give its users the most beneficial trading conditions possible, such as zero commissions for depositing and withdrawing funds, small deposits and trade amounts, and 24-hour multilingual assistance. 

Olymp Trade provides a comfortable trading space for both experienced and inexperienced traders, and increasingly receives positive reviews. Users like Olymp Trade for its straightforward registration process, small deposits and convenient, customized trading terminal. There’s no slippage or freezing on the trading platform.

Olymp Trade’s customer support is available 24 hours a day, 7 days a week to assist users with any issues. Available in 13 languages and with an average response time of 20 seconds, this support service is one of the industry’s most efficient.

About Olymp Trade

As a popular online trading platform, Olymp Trade lets people trade a variety of stocks, commodities, currency pairs, indices and cryptocurrencies. Olymp Trade is essentially a platform where traders can earn money if they correctly project whether the price of an asset will rise or fall.
There are two trading modes on Olymp Trade: Forex and FTT (Fixed-Time Trades). The latter allows users to set trade durations, with the trade interval or duration ranging from 1 minute to 24 hours. During this time, the price level indicated on a chart can either rise or fall, resulting in a profit or loss based on whether the forecast was correct or not. Before entering a trade, the trader can view the profit percentage of an asset.

Features

Olymp Trade is a one-of-a-kind trading platform that caters to the needs of its users. It’s suitable for both experienced traders and those who are just starting out. In terms of features and services, Olymp Trade outperforms many other online trading platforms. Some of its most remarkable features include:

• Free signup. Olymp Trade offers free registration to all new users. 

• Demo account.  Olymp Trade offers its traders a demo account to practice with virtual money before investing any real money. New users start with 10,000 demo currency units to experiment with and master trading. 

• Low initial investment. The minimum deposit is $10, and just $1 is enough to open a trade. This drastically lowers the financial barrier to entry of becoming a trader. 

• Wide range of assets. Olymp Trade offers over 140 assets to choose from, including currency pairs, equities, indexes and cryptocurrencies.

• Ready-made trading strategies. Olymp Trade provides several strategies for its new traders to learn and explore before trading. Olymp Trade also continuously produces webinars and lessons to help users understand market trends. Personal training sessions are available to Expert status traders.

• Simple and quick withdrawals and deposits. Olymp Trade accepts deposits from a variety of payment methods, including Binance Pay and bank cards. When traders want to withdraw their funds, the money is transferred via the payment method of their choice within one to three days.

• High profitability percentage of assets. The assets available for trade on Olymp Trade provide traders with a high percentage of profitability. Users with Starter status can earn up to 82% profit, while users with Expert status can earn up to 90% profit. This means that if a trader invests $10 in an asset and correctly predicts its price movement, they can make up to $9 on that trade. 

• Easy-to-use mobile app. The platform is optimized for all mobile devices, whether old or new, and available for free on both iOS and Android. 
• Safe and secure platform. Olymp Trade is certified by FinaCom and is a fully legal and legitimate trading platform. 

Open an Olymp Trade account now on the official website.

Advantages of using Olymp Trade

• Allows users to test their skills on a demo account before investing real money. 
• Initial deposits as low as $10. 
• Trades can be opened from as little as $1. 
• More than 140 assets to choose from. 
• Asset profitability percentage of up to 90%. 
• Lots of educational materials to learn tactics and build a trading style. 
• Simple withdrawal mechanism with no withdrawal costs. 
• Free registration on the platform.
• 100% legal and legitimate.
• Round-the-clock customer service in multiple languages.

Olymp Trade’s drawbacks 

• It does not accept Discover cards.
• Trading can be risky: Traders can lose their money in a matter of seconds. That’s why it’s important to educate yourself and follow a plan for risk management. 

FAQ 

How much money does a user need to start trading? 
Users with Starter status can make minimum deposits of $10. 
The minimum trade amount is $1. The bigger the amount invested, the more you can earn if your forecast is correct.

How does Olymp Trade work? 
Traders usually start off using the free demo account, and each account is given 10,000 demo coins. A minimum deposit of $10 is required to open a live account. The minimum trade amount is $1. When it comes to withdrawing the funds earned, the lowest amount a user can withdraw is $10, and there is no limit on how much money a person can withdraw. Withdrawals usually take from one to three days. 

Do traders lose money if an asset remains in the same position it was in when they opened a trade? 
No, they do not. If the traded asset remains in the same position it was in when the trade was opened, the invested amount is returned to the trader’s account. 

How long do withdrawals take? 
When it comes to withdrawing funds, the lowest amount that an account holder can withdraw is $10, and there is no limit to how much money a basic account holder can withdraw. Withdrawals can take anywhere from 24 hours to 3 days. 

What are the withdrawal charges? 
Users are not charged any withdrawal fees by Olymp Trade. 

Will Olymp Trade provide traders with instant profits? 
If a trader understands trading and financial markets very well, or is ready to learn how to increase their chances of making a correct forecast, they can earn up to 90% profit on an investment. However, anyone can quickly lose money if they make the wrong decision. 

What are the time intervals for a trade? 
People can open a trade at intervals ranging from 1 minute to 24 hours. People can see their money grow and earn up to $0.90 for $1 invested. 

Does Olymp Trade come with an instruction manual for people who are not familiar with trading? 
Olymp Trade provides useful educational materials with detailed explanations in its Help Center on the platform, as well as in its official social media channels. 
Is it possible for users to try trading or test a strategy without risks? 
Olymp Trade’s free demo account with 10,000 demo currency units allows people to practice and sharpen their skills in a safe environment before trading with real money. 

Conclusion 

Olymp Trade has evolved into one of the top online trading platforms over the past few years. With a minimum deposit of $10 and a minimum trade amount of just $1, the trading platform provides a trading environment that is conducive to success. 

Beginners can learn tactics and get useful tips for understanding and applying market trends as well as different tools and strategies in their trading. This information can be found in the Help Center on the platform. Meanwhile, Expert status users have access to one-on-one training sessions. A user can also practice with 10,000 demo currency units on the demo account. Beginner traders should not believe that they are incapable of learning how to trade.

Olymp Trade has no withdrawal fees. Unlike many other platforms in the market, Olymp Trade is exceptionally safe and secure. Since it is approved by FinaCom, traders need not be concerned about their money. Finally, Olymp Trade offers the opportunity for traders to evolve their trading skills and make trading an additional source of income.