Olymp Trade Review
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Risk warning: Trading CFDs, options and fixed-time trades is high risk, and most retail traders lose money. Only trade with money you can afford to lose. Check that the broker is allowed to serve residents of your country before you open an account.
Editor’s Note: Why Olymp Trade Doesn’t Suck in 50 Words
Olymp Trade has been around since 2014. You can start with $10 (or €10), trade from $1, and practise on a free demo. Support is available 24/7 by chat, and Olymp Trade says 84% of withdrawals are processed within an hour and 97% within 24 hours. It’s a Financial Commission member.
Why Olymp Trade Sucks in 50 Words
The deposit bonus comes with conditions, but you can cancel it if you’d rather keep withdrawals simple. Your first withdrawal needs a verified account, and your bank can take up to 3 business days to credit the money. Get verified early and payouts are quick.
Is Olymp Trade a Scam?
Olymp Trade is operated by Saledo Global LLC, registered in Saint Vincent and the Grenadines, and has been running since 2014. It is not licensed by a government financial regulator. It has been a member of The Financial Commission, an independent dispute-resolution body, since February 2016, which gives clients a free complaints route and a compensation fund of up to €20,000 per eligible claim.
Should You Open an Account with Olymp Trade?
If you want a long-running platform with low minimums and quick payouts, Olymp Trade is a solid option for beginners. Open the free demo, learn the platform, then deposit from $10 when you’re ready.
Olymp Trade is an international online trading platform that offers trading on currency pairs, cryptocurrency, stocks, indices, and commodities. The website is owned and operated by Saledo Global LLC, a company registered in St. Vincent & the Grenadines. Saledo Global LLC is certified by the International Financial Commission (FinaCom) as a category A member. The agents are VISEPOINT LIMITED, based in Malta, and WALLFORT LIMITED, based in Cyprus.
The Financial Commission provides trader protection for up to $ 20,000 per client if a dispute between a trader and a broker is resolved in favor of the trader (under the conditions established by FinaCom).
Moving on to the unique and proprietary Olymp Trade platform. Once inside, you may switch between the demo and the real account. The demo account is set to 10,000$ and the minimum trade size is only 1$. Yes, that means you can do 10,000 trades for practicing purposes before you run out of virtual cash. The best part is all the tools, indicators, and advanced charts the platform offers. If it’s not enough, you can select the technical tab and it will open yet another chart with even more tools. Execution is fast and to make it even faster you can switch to One-Click trading at any time so you don’t have to confirm trades before execution. And if that’s not enough for you, Olymp Trade also offers the possibility to trade on Meta Trader 4.
Clients can use Fixed Time Trades (FTT) and Forex modes on the platform. In Fixed Time Trades mode the client makes trades for a limited period of time and receives a fixed rate of return for a correct forecast about the movements of the underlying asset (i.e. stock, currency, index, etc.).
The Forex mode is used to open long (hoping the price will go up) or short (hoping the price will go down) positions at the current price with an unlimited duration of the trade. There is no spread (the difference between the buy and sell prices), but there is a brokerage fee that one has to pay when executing trades or holding them until the next day.
Olymp Trade uses the quotes of the major investment banks and proposes a weighted average price on the platform.
In conclusion, their efforts are good. The platform is well-designed, the education center comes in many languages, with webinars, trading strategies, and a well-built economic calendar, and the 10$ minimum deposit together with a free no-deposit demo is a very welcoming package. There are bonuses for first-time depositors but the bonus policy is a bit weird (more on that below). You can choose not to accept a bonus at signup. My only concern is whether the Financial Commission can really do a job equal to a regulator but so far we haven’t noticed any major incidents. If you have any experience trading with Olymp Trade, shout out in the comments and share your information.
Saledo Global LLC is registered at First Floor, First St. Vincent Bank Ltd Building, P.O. Box 1574, James Street, Kingstown, St. Vincent & the Grenadines.
Visepoint Limited is registered at Act – Baron Court, Karlu Galea Street, City/Locality Victoria (Gozo) Vct 2604, Malta.
Wallfort Limited is registered at Agias Zonis & Thessalonikis, Nicolaou Pentadromos Center, 5th Floor, Flat/Office 503b, Block B, 3026 Limassol, Cyprus. The company can be reached at email [email protected], live chat, and several phone numbers.
How to Withdraw from Olymp Trade
How long does it take? Olymp Trade says 84% of withdrawals are processed within 1 hour, 93% within 4 hours and 97% within 24 hours. Depending on your bank or payment provider, the money can take up to 3 business days to arrive.
What’s the minimum withdrawal? $10 (or €10).
What about the bonus? You can cancel a deposit bonus. Check the bonus conditions before you request a withdrawal.
How do I avoid a delayed withdrawal? Verify your account before your first withdrawal, use payment methods in your own name, and contact the 24/7 chat support if a request is taking longer than usual.
Trading Bitcoin With Olymp Trade
They have been upping the ante in terms of cryptocurrency and Bitcoin trading. Olymp Trade now offers Fixed Time Trades on more than 12 of the leading digital tokens. However, the trading conditions are not thoroughly explained.
Olymp Trade Ratings
User Friendliness 17/20
The website is relatively easy to navigate but some information is hard to find. The FAQ section includes answers to many questions that a client may have; the education section is not restricted and the website is available in 15 different languages. Mobile trading platforms are also available, as well as Demo accounts but unfortunately, the list of countries in which the country does not operate is very long so you will have difficulties using a Demo or a Live account.
No. of Assets and Expiry time 17/20
The number of assets has grown substantially over the past few years, now amounting to more than 81 assets, ranging from currency pairs to stocks, indices, commodities, and more recently, cryptocurrencies (Bitcoin, Bitcoin Cash, Ethereum, Dash, Litecoin, Ripple, Monero and more). The expiry times are versatile enough to satisfy the needs of most traders.
Commissions, Support, and Effective Return 16/20
There are no commissions to open an account and more importantly, Olymp Trade doesn’t charge a fee for deposits and withdrawals. However, after 180 days of inactivity, your account will be charged $10 monthly. The advertised returns are very high, going up to 92%. Support representatives did a good job answering my questions and the email support promises a response within one business day. They also offer a Help Center that answers almost all the general questions that a user may have.
Deposit, Payment, and Bonus 17/20
Deposits can be made via Neteller, Skrill, Webmoney, Perfect Money (availability may depend on the client’s location), and credit cards. The minimum withdrawal is $10 and the methods are the same as deposits; wire transfers are only available in some regions. Bitcoin, Tether and Ethereum deposits are also available.
Olymp Trade’s Terms and Conditions document mentions a bonus but the conditions and percentages are not clearly explained anywhere on their website. In the past, Olymp Trade bonus structure was as follows: between 30-99 (EUR/USD), you would get 10% bonus, between 100-299 (EUR/USD), you would get a 20% bonus, between 300-4999 (EUR/USD), you would get a 30% bonus and more than 5000 (EUR/USD), you would get a 50% bonus. We cannot guarantee if these conditions still apply; turnover requirements are not specified.
Website Extra’s 15/20
The unique Olymp Trade platform offers many tools. There are candlestick charts offering several time frames and indicators to choose from. To name a few, there is RSI, MACD, SMA, and Stochastic Oscillator. Clicking “technical analysis” will give you access to a fully functional candlestick chart where you can draw lines, change time frames, and use a larger variety of tools and indicators! One-click trading is also available and the platform can be switched from Live to Demo with a couple of clicks.
Olymp Trade Overall Ratings (82) + Regulated (+2) = 84/100
For the record: regulators in Cyprus (CySEC), Malaysia (SC) and India (RBI) list Olymp Trade as not authorised to offer its services in their countries.
Sources (checked 28 Oct 2026)
- FAQ ($10 deposit and withdrawal, $1 trade, demo): https://olymptrade.com/pages/about/faq/
- Support (24/7 chat, bonus cancellation): https://olymptrade.com/pages/about/support/
- Withdrawal stats and timing: plus.olymptrade.com help center
- Financial Commission membership: https://financialcommission.org/ (member since 22 Feb 2016)
- Warnings: https://www.cysec.gov.cy/en-GB/investor-protection/non-approved-domains/ , https://www.sc.com.my/investor-alert-list , https://rbi.org.in/scripts/bs_viewcontent.aspx?Id=4235