OlympTrade Review
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OLYMPTRADE CORPORATE INFO
■ Foundation: OLYMPTRADE was founded in 2014
■ Headquarters: OLYMPTRADE maintains its headquarters in Saint Vincent and the Grenadines
■ Countries: Many restrictions
■ US Residents: OLYMPTRADE does not accept US traders –No-
■ Registration: OLYMPTRADE is registered at James Street, Kingstown, First Floor, First St Vincent Bank Ltd Building, Saint Vincent and the Grenadines (No. is 25161 IBC 2018)
■ Regulation: OLYMPTRADE is ONLY regulated by The Financial Commission (FINACOM PLC LTD) 🔗 check here their certificate
■ Website Languages: English, Russian, Polish, Portuguese, and Thai
OLYMPTRADE TRADING INFO SUMMARY
■ Broker Type: Market Maker (Dealing Desk)
■ Forex Trading: -Yes- (Market-Maker)
■ CFD Trading: -No-
■ Platforms: WebTrader for PCs, Android, iOS, and tablets
■ Demo Account: –Yes-
■ Leverage: Leverage up to 30:1
■ Bonus: 100% Credit Bonus (you cannot withdraw it, but you can withdraw profits)
■ Minimum Account: $10
🔗 Visit the OlympTrade Website
💱 ASSET INDEX
OlympTrade offers more than 200 assets in total.
□ Forex Currencies
□ Cryptocurrencies
□ Commodities
□ Stocks & Indices
TRADING PLATFORMS & MOBILE
Olymptrade offers a WebTrader for PCs, Android, iOs, and tablets, which is easy to use.
■ Switch between Digital Options & Forex Trading
■ A good variety of trading assets, including currencies, commodities, stocks, and indices
■ Demo Accounts
Forex Trading
■ Market-maker order execution (Note: this is not good for scalping and day-trading in general)
■ Stop-loss & take profit orders are available, plus some other order types
OLYMPTRADE FUNDING & ACCOUNT INFO
-The minimum account is just $10
-Maximum leverage is 1:30
-An account inactivity fee of $10 will be applied after 6 months of Non-activity
■ OLYMPTRADE Fund Methods:
OLYMPTRADE CORPORATE INFO
The olymptrade.com domain belongs to and is managed by Industries Ltd. In February 2016, OlympTrade joined the International Financial Commission. ■ Registration: OLYMPTRADE is registered at Saint Vincent and the Grenadines (No. is 25161 IBC 2018) ■ Regulation: OLYMPTRADE is regulated by The Financial Commission (FINACOM PLC LTD) -The Financial Commission guarantees monetary compensation up to €20,000 if the decision of the authority on the dispute is not voluntarily executed by a member of the organization ■ Address: James Street, Kingstown, First Floor, First St Vincent Bank Ltd Building, Saint Vincent and the Grenadines ■ Contact telephone: +27 (21) 1003880 | +54 (11) 59175747
⚖️ OLYMPTRADE REVIEW PROS & CONS (According to competition)
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OLYMPTRADE REVIEW CONCLUSIONS |
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OLYMPTRADE PROS |
OLYMPTRADE CONS |
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√ Start trading with $10 √ A wide selection of deposit methods √ Cryptocurrency trading plus Forex Currencies, Commodities, Stocks, and Indices √ 24/7 Customer Support √ Free Education |
X Dealing-Desk order execution (Market Maker) X Lack of proper regulation X Inactivity Fee |
🏁 OlympTrade Review Conclusions
Launched in 2014, OlympTrade is a Market Maker headquartered in Saint Vincent and the Grenadines. The broker is regulated by The Financial Commission (FINACOM PLC LTD), which offers monetary compensation of up to €20,000 if a dispute decision is not voluntarily executed by a member. While this provides some protection, it cannot be considered equivalent to regulation by a major authority like the FCA UK.
The trading platform is an easy-to-use WebTrader available for PC, Android, iOS, and tablets. Users can switch between Digital Options and Forex Trading and use leverage up to 30:1. OlympTrade offers a variety of trading assets, including currencies, commodities, stocks, and indices.
The minimum deposit is $10, and the minimum trade amount is just $1, making it beginner-friendly. Funding methods include cards, WebMoney, QIWI, Neteller, Skrill, and Yandex Money. The broker offers a 100% credit bonus (profits can be withdrawn, but not the bonus itself) and additional trading education resources.
- OlympTrade uses a Dealing Desk execution model, which is not suitable for day trading, scalping, or automated trading.
🔗 Visit the OlympTrade Website
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