About its history and mission
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
- Headquarters
- Address
- Website
Strengths and Weaknesses
Strengths
- 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.
Weaknesses
- 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 Regulations
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.
Regulators
- VFSC
- FinaCom
Instruments Available
Types of Accounts
Standard
- Minimum deposit
- $0
- Commission
- 0.0
- Available tools
- 0
- Leverage
- 1:1 to 1:500
- Margin call level
- Stop-out level
Fees and Charges
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.
Trading Platforms
Customer Support
Contact information not available. Visit the broker’s website for support options.
Deposits and Withdrawals
Deposit and withdrawal details not available. Check the broker’s website for the latest payment methods and processing times.
FAQ
Is the Broker Regulated?
What Trading Platforms Are Available?
What is the Smallest Amount That Can Open an Account?
What Types of Accounts Does the Broker Offer?
Detailed Charges and Brokerage Rates
What is the Highest Leverage?
Does the Brokerage Firm Offer Demo Accounts?
In What Various Ways Can I Contact Customer Support?
Users reviews
No user reviews yet for Olymp Trade Broker.