Overview
Olymp Trade was set up in the year 2014. According to the review, it was founded as an online trading platform for integrating maximum simplicity when global markets could be approached. This forex company positions itself in forex, shares, stocks, indices, and cryptocurrencies with some uniqueness regarding the user-friendly and straightforward approach.
- Founded
- 2014
Strengths and watchouts
- Flexible accounts with a low entry threshold.
- A wide range of deposit and withdrawal methods without fees.
- A versatile and multifunctional trading platform available on various devices.
- Extensive educational materials.
- 24/7 customer support.
- Lack of licenses from leading regulators.
- High commissions and spreads in Forex mode.
- A limited number of stocks and the absence of soft commodities and bonds.
- Broker analytics is limited to trading signals and materials in Telegram without in-depth analysis or additional tools.
Safety and regulation
Olymp Trade is a member of the International Financial Commission, which sets up dispute resolution practices and prides itself on keeping traders safe. It is not an agent of any major regulators like FCA or ASIC, nonetheless. Safety of clients' funds at Olymp Trade: Customer funds are held in an account separate from the company's funds. The company's partnership with the IFC allows for a maximum compensation of five figures in euros should any disagreement arise.
- VFSC
Between 70% and 85% of retail investor accounts lose money when trading CFDs with most regulated providers — the exact figure for any specific broker is published on that broker's own website. Consider whether you understand how these instruments work and whether you can afford the high risk of losing your money.
Markets available
- Forex
- ETFs
- Stocks
- Indices
- Metals
- Energy
- Cryptocurrency
- CFDs
Account types
| Account | Min deposit | Commission | Leverage |
|---|---|---|---|
| Standard | Not verified | 0.0 | 1:1 to 1:500 |
Fees and costs
Forex trades at Olymp Trade are subject to fixed spreads and there are no commission charges on Standard Account transactions. VIP Account owners are offered even tighter spreads. Interest charges on both long and short positions overnight will be revealed at Olymp Trade. There are no inactivity fees.
How we reviewed this broker
Each broker review documents the broker's claimed regulators, cross-references them against the public registers (FCA, CySEC, ASIC, FSCA, BCC and others), and notes any divergence. Where a regulator has issued a public advisory, the URL is cited inline so a reader can verify it directly. Tradable instruments, account types, and fees are sourced from the broker's published disclosures or documented as unavailable. The full scoring methodology is public.
Read the full methodology →Focused research pages
- RegulationOlymp Trade regulation and safety checks
- Account openingOlymp Trade minimum deposit and account-opening checks
- Minimum depositOlymp Trade minimum deposit and funding threshold checks
- Company backgroundOlymp Trade company background and entity checks
- RatingOlymp Trade rating context and methodology checks
- SafetyOlymp Trade safety, funds protection and entity checks
- Pros and consOlymp Trade pros, cons and trade-off checks
- FeesOlymp Trade fees, minimum deposit and cost checks
- MarketsOlymp Trade markets and product availability checks
- Public reputationOlymp Trade public reviews and reputation checks
Frequently asked questions
Is the Broker Regulated?
Olymp Trade is a member of the International Financial Commission (IFC) but is not yet a toughened regulator like FCA or ASIC.
What Trading Platforms Are Available?
They have developed their own platform which primarily has a web version in addition to the possible versions on desktop and mobile applications, the next good improvement along with the figure.
What is the Smallest Amount That Can Open an Account?
The minimum amount required is $10, making it quite available to just about everybody, whether or not they are a new or old trader.
What Types of Accounts Does the Broker Offer?
Standard, VIP, and a sandbox account.
Detailed Charges and Brokerage Rates
These fees are the most important component as they determine whether a broker is worth his/her salt or not. Preferences for a broker with a proper system of fixed apportionment among payments.
What is the Highest Leverage?
The high range goes up to 1:500, which is amazing.
Does the Brokerage Firm Offer Demo Accounts?
Yes. Olymp Trade offers demo accounts containing virtual assets up to $10,000.
In What Various Ways Can I Contact Customer Support?
Customer service is available during trading hours to be contacted through Internet live chat, email text chat, and by telephone in many languages, including English.