Olymp Trade Review 2022 is it Legit company?- GREAT MONETIZE
Olymp Trade Review 2022 |
Hello everyone all GREAT MONETIZE Visitors today we present Full review for Olymp Trade is it Legit company?
Is Olymp Trade a Legit company?
Before registering with any online broker, you should check the company regulation. On the Internet, there are many scam sites that are not regulated and want to steal customer money. They look professional but there is no regulation. Look for the company's listing on the broker's website. In most cases, you will find information about regulation and registration at the bottom of the site.
Olymp Trade is a fully regulated and legal company. The broker “Olymp Trade” is regulated by the International Finance Commission since 2016. From our experience, we know that there are a lot of difference forex brokers regulated by this authority. Olymp Trade is regulated with Class A which means more benefits and security for clients. In the next section, we'll discuss the organization of facts and Olyml Trade.
Category "A" means that the financial authority guarantees a cash compensation amount of up to 20,000 euros. Traders funds are supported in case of some errors or bankruptcy of the broker or the bank. The Financial Commission is the point of contact for every trader. If you encounter some issues with the broker, you can contact them.
Violation of the certificate rules results in the loss of the license. Further, the regulator verifies the broker's trading execution. More than 5,000 applications are executed by IFC employees. As a trader, you can be sure that you will get the best execution with Olymp Trade certified by IFC.
The Regulatory Authority (IFC) is based in Hong Kong and London. It is an international authority for international brokers which is slightly different from the regulatory authorities in countries. From our experience, it is a reliable regulator and Olymp Trade fraud can be ruled out. Overall, Olymp Trade shows that it is a real, legitimate and officially regulated company. In the following sections, we will discuss more details about the security of the trading platform.
Olymp Trade is it Legit? |
Olymp Trade is a Legit company:
Organized by the International Finance Committee
Certified Trading Technology
Execution Verified
20,000 euros as compensation fund
independent contact person
➔ Open your free trading account with Olymp Trade now
(Risk Warning: Your capital could be at risk)
Is Olymp Trade safe or not?
In the previous section, we showed you that Olymp Trade is a fully regulated company. This is the first sign of a good and safe online broker. In addition, there are more points for customer safety that we will give you. First of all, you have to confirm your phone number and your profile for the complete security of the account.
Olymp Trade Safety and security of your account
Client funds are managed in fully regulated European banks as well. If you deposit or withdraw, Olymp Trade only uses regulated payment systems such as online wallets, credit cards or bank transactions. In addition, the broker does not use your money for hedging or speculation. The funds are very safe.
For more security for your account, you can enable two-factor authentication. This feature gives you double login to your account. When you sign in to your account, you will get a verification code via SMS or you can use the google authentication app to get full access to your account. This feature will stop hackers before they get into your account.
olymp-trade-two-factor Authentication
Olymp Trade is a very safe broker:
Money is managed in European banks
Regulated Payment Methods
The broker does not invest your money
Two-factor authentication for more security (Google, SMS)
➔ Open your free trading account with Olymp Trade now
(Risk Warning: Your capital could be at risk)
What is behind Olymp Trade? - Facts about the company
Olymp Trade has been operating since 2014 and accepts international traders. The broker's website is owned and operated by Inlustris Ltd. Headquartered in James Street, Kingstown, First Floor, First St Vincent Bank Ltd. Building. The agent is Wallfort Limited based at KPMG Centre, 1st Floor, 1 Agias Fylaxeos Street, 3025 Limassol, Cyprus. These companies are fully legal and officially registered.
The broker offers options trading and forex trading on its multifunctional trading platform. As we can see on their website, the broker and the platform have received many awards from other institutions and websites for being reliable and professional. Also, Olymp Trade is the sponsor of the LCR Honda team in MotoGP 2019.
Olymp Trade Awards. It is an online broker that is rewarded.
Olymp Trade Awards
The company has a really good track record and more and more traders want to trade on their trading platform. Olymp Trade is growing very fast and is currently the most growing online broker worldwide. Because of the easy access to the financial markets through the Olymp Trade platform is very popular. In addition, it is very convenient to trade there which we will prove in the following sections.
More than 25,000 users trade on the platform daily and the number is rising. With more traders, the monthly returns and traders are also rising. Overall, Olymp Trade pays over $13 million to its clients every month. As an international broker, traders will get international support in 8 different languages.
Olymp Trade is a sponsor of the LCR Honda team in MotoGP in 2019
Olymp Trade investment |
Olymp Trade sponsor
In conclusion, Olymp Trade is one of the most popular platforms on the Internet because it is very easy and convenient to invest in the financial markets. The company has a really good track record and is trusted by many organizations.
Watch our full review of the Olymp Trade trading platform:
➔ Open your free trading account with Olymp Trade now
(Risk Warning: Your capital could be at risk)
How to open your Olymp Trade account
To open an account with Olymp Trade, you have to follow these steps. In our experience, it is very easy to access the trading platform and start trading. This section will explain exactly how to do that.
First of all, you have to register on the broker’s website or use the registration form below. After entering your personal data, you can access the trading platform. Olymp Trade allows you to use the platform in the free demo account or start with a real money deposit of $10. You can trade with real money without fully verifying your account. We recommend doing it first.
Sign up for your free account:
Open an account with Olymp Trade
After registering you must fulfill your account details (see image below). This means that you confirm your email address and phone number. It is important to use your real data because the broker can request different documents for further verification. After creating your account, you can start trading on the platform.
Olymp Trade creat account |
Open your account step by step:
Sign up for Olymp Trade (use the form above)
Verify your email address
Confirm your phone or mobile number
Complete your account profile
start trading
➔ Open your free trading account with Olymp Trade now
(Risk Warning: Your capital could be at risk)
Important verification process
The verification process only takes a few minutes. It is very easy to complete the account profile. As mentioned before, you need to confirm your email address and phone number. In the image below, you can see the account dashboard. Olymp Trade allows you to trade without verification and full profile but we do not recommend doing that.
Olymp Trade verification and the security of your trading account
Olymp Trade Verified
If you are trading with large volumes of orders or making large transactions, the broker can ask you for more documents. It could be a photo of your passport or a utility bill. The broker does this to combat money laundering. This is nothing special and it is a known process that is performed by 99% of Forex brokers.
Olymp Trade free demo account for everyone
As a professional broker, Olymp Trade offers a free and unlimited demo account to its traders. Everyone can use this account and there is no need to deposit real money. A demo account is a demo account filled with virtual money. Traders can use the platform without risk and try out new strategies or markets for trading. It's a good way to learn more about the program.
Olymp Trade demo account. Switch between the real account and the demo account with one click.
The demo account is full of $10,000 and you can change it in one click between demo and real account. In the image above you see how you can do this. In addition, the demo account is unlimited. This means that you can deposit virtual money into the account if you suffer a loss for example.
We recommend that every user try the demo account first. It is very important to familiarize yourself with the trading platform and financial products before depositing real money. The demo account is the best way to improve your trading skills and a useful tool for online trading.
Olymp Trade review |
Advantages of demo account:
$10,000 credit
FREE & UNLIMITED
Switch between real money and demo account in one click
Fill in the scale yourself
➔ Open your free trading account with Olymp Trade now
(Risk Warning: Your capital could be at risk)
Demo account vs real money trading
Another point that must be proven is the execution of the order. The execution of the order should be the same on the real account and the demo account. As professional traders, we can tell you that there is almost no difference between executing an order in the demo account and the real one.
Why you should use the demo account:
Get to know the trading platform
Learn how to trade financial products (forex and fixed time trades)
Develop new trading strategies
Try new markets and assets
Review Olymp Trade account types
Olymp Trade offers status updates for your account. You can get an upgrade to your real account if you deposit $500, $2000 or more on the platform. The Advanced and Expert account has got a lot of different advantages for traders which we will discuss in this section.
Olymp Trade account types
The main features of this account are a higher rate of return, an account manager, and risk-free webinars. Also, more education and professional services are available to traders. Compared to other online brokers, the requirements for an expert account are very low. Depositing $2,000 is not a huge amount for most traders.
Check out the advantages of traders with each account type:
Starting Account: Advanced Account: Expert Account: Minimum Deposit: $10$500$2,000 Rate of Return: Up to 82% +Up to 85% +Up to 92% +Maximum Trade Amount:$2,000$3,000$5,000 User account management: Number✔✔ Risk-free trades: Number Number✔ By trading volumeIndividual training: Number✔✔ Private webinars:Number✔✔ Secret strategies:number✔ SIGNALS trading:✔✔✔ Exclusive events:number Number✔✔ Free gifts by sales volume
➔ Open your free trading account with Olymp Trade now
(Risk Warning: Your capital could be at risk)
Olymp Trade earnings |
How to deposit on Olymp Trade:
To deposit real money on the platform, you can use different payment methods. Acceptable payment methods always depend on your country of residence. The minimum deposit is $10. You can start trading with an investment amount of $1 per trade.
Some deposit methods
The deposits are immediately transferred to your account balance by electronic means. In fact, is it very easy to deposit money on the platform? Choose your payment method first. After that, you move on to the next section (photo below). Traders can choose to receive a free deposit bonus or not.
Deposit
You will now get a push notification if the process is successful. Also, you will receive an email with deposit details. You will see the message in the image below:
Payment confirmation
Deposit methods for a minimum deposit of $10:
credit cards
Neteller, Skrill
Bitcoin
Ethereum
web money
Vasabai
JCB
And more ways depending on your country of residence
➔ Also read our full Olymp Trade deposit review.
➔ Open your free trading account with Olymp Trade now
(Risk Warning: Your capital could be at risk)
How to do your withdrawal:
For withdrawals, you can use the same deposit methods. It is very easy to make a withdrawal as well. Simply go to your account dashboard and click "Withdraw". Most withdrawals are processed within 24 hours. We tested the process and the money was in our account in less than 5 hours. The maximum withdrawal period is 3 working days.
Request your payment
Click Submit Request and Olymp Trade will process the payment. The minimum withdrawal is $10 and there are no fees either. In addition, there are no maximum limits for your account.
In the image below you will see our withdrawal request. We made a $90 payment using the Neteller payment method. It is a very efficient way to conduct international transactions.
Proof of withdrawal
Olymp Trade withdrawal advantages:
Very fast (from our experience in less than 24 hours)
Without fees
$10 minimum and no maximum limits
➔ Open your free trading account with Olymp Trade now
(Risk Warning: Your capital could be at risk)
Olymp Trade |
Olymp Trade Free Bonus Available
Olymp Trade offers bonuses to traders. The bonus can be up to 100% of the deposit. For every new trader, there is a unique first deposit bonus offer. Olymp Trade doubles your deposit for free. Moreover, you can get a high bonus on additional deposits (see image below).
You can use the bonus to make additional profit. The bonus amount cannot be withdrawn but you can withdraw your earned profits from the bonus amount. There are no restrictions on your account and the account balance is not blocked. Compared to other bonus offers from other brokers, this is a new type of bonus.
Olymp Trade Bonus
It is possible to activate the bonus or not. After activating the bonus and making the deposit, you will get additional bonus credit in your account. Remember, you cannot withdraw the bonus.
In conclusion, Olymp Trade bonus is a very good program for any trader who wants to trade with a larger volume in the markets. It is completely free and there are no restrictions on your account. There are only advantages to it and we recommend getting the free bonus.
Bonus benefits:
up to 100%
Free Deposit Bonus
No restrictions or account balance bans
You can withdraw the bonus only by winning
fair conditions
Are there Olymp Trade fees?
Surprisingly, there are no fees for depositing and withdrawing. This is a huge advantage compared to other forex brokers. You can make unlimited financial transactions for free. Additionally, for options trading, there are no fees. Only when you trade forex, there is a trading commission for opening an order.
For an inactive account, there can be an inactivity fee. When you have not traded for 180 days, there is a $10 service fee. These fees only apply if you have funds in your account balance. To avoid service fees, you need to make at least one trade in 180 days.
Merchant fees:
No deposit fees
There are no withdrawal fees
No options trading fees
Forex trading commission
Inactivity fee after 180 days ($10)
➔ Open your free trading account with Olymp Trade now
(Risk Warning: Your capital could be at risk)
Olymp Trade trading platform review
In the next section, we will show you the Olymp Trade trading platform with all its details and functions. The platform is multifunctional and offers a wide range of different markets and assets. The program is available for any device. This means that you can trade using your computer, smartphone or tablet.
From our experience, the platform is easy to use and understand. Within a few minutes, you will know how to trade because all the functions are clearly presented in the software. For more information Olymp Trade offers an education center with webinars, strategies, tutorials and videos. Overall, it is one of the most user-friendly platforms for a trader. Read on for an accurate overview of how it works.
As you can see in the image above, multiple schemes are available. You can use different indicators and chart types to analyze the market. We'll go into more detail later. On the platform, you can find any job with less than 3 clicks. It is a very clear platform and all functions are available for mobile (app) and desktop.
Olymp Trade advantages:
Easy to use and multifunctional
Customizable
easy to understand
clear platform
Available for any device
Lots of indicators and analysis tools
➔ Open your free trading account with Olymp Trade now
(Risk Warning: Your capital could be at risk)
What can you trade on the platform? Offers for traders
Traders can trade options or forex on the platform. These are two different financial products that we will discuss in detail in the next section. You can invest in these financial products in more than 200 different markets. Currencies, cryptocurrencies, stocks, ETFs and indices are available.
In the menu, you can choose the market you want. You will see the changes within 24 hours and the return rate. It is also possible to save favorites. The rate of return (return) for fixed positions can be as high as 92% +. It is important to know the typical trading time of your asset because the return will be higher.
Olymp Trade |
Choose any market
The platform operates 24/7 and it is possible to trade OTC assets or cryptocurrencies on the weekends. Surprisingly on the platform, you will find a lot of different crypto-assets. Traders can make huge profit because the volatility is very high in these assets.
In conclusion, if you are looking for short term or long term investments, you are absolutely right about this platform. Olymp Trade offers the trader any market and financial product that he needs to make a profit.
Offers for traders:
More than 200 different markets
Forex trading and fixed time deals on one platform
Productivity up to 92% +
Long-term and short-term deals
Currencies, cryptocurrencies, indices, commodities, stocks, and ETFs
Trade 24/7
➔ Open your free trading account with Olymp Trade now
(Risk Warning: Your capital could be at risk)
Mobile trading (Olymp Trade app)
Another important point to check for a reliable online broker is the mobile app. For successful trading it is sometimes necessary to use a mobile phone. On the other hand, many traders prefer to trade using a smartphone or tablet instead of a computer. We have fully tested the app and will show you our review in this section.
The Olymp Trade mobile app is available for Android and Apple (iOS) devices. Also, you can use your tablet for trading. You can install the app within a minute by downloading it from the App Store. In the image below you will see a live screenshot of the app.
Mobile screenshot app
Similar to the web version, the Olymp Trade app has the same functions and offers for trading. There are not many differences between the desktop and the application. You can use analytical tools, indicators and chart types to trade.
The advantage of the mobile application is that you have access to your business portfolio any time you want. You just need your smartphone to access more than 200 different markets. In addition, the command is executed as quickly as in the desktop version. Overall, the mobile application is another point behind Olymp Trade's popularity.
Mobile trading is possible:
The app is available for any device (Android, Apple)
Execution as fast as desktop trading
Same functionality as the desktop version
24/7 trading
➔ Open your free trading account with Olymp Trade now
(Risk Warning: Your capital could be at risk)
Chart types and indicators for analysis
For options trading and forex, technical analysis should be used. On the platform, you can use different chart types and indicators. Olymp Trade offers a wide range of analysis tools. If this is not enough for you, you can use the fundamental news and analysis which is also provided by Olymp Trade.
Chart types and analysis tools
If you click on the chart next to the icon, a list of chart types and indicators will open. You can use more than 4 different types of charts for trading. The most common chart type is the Japanese candlestick. It allows you to get more information from the chart instead of using the line chart.
For more analysis than technical analysis, you can click on the menu to get the basic data. Olymp Trade provides you with an economic calendar, trading signals (VIP), and information about volatility. We recommend checking the news before trading because volatility can be very strong in certain events such as economic news.
Perform professional analysis with Olymp Trade:
More than 20 indicators
Technical Analysis Tools
Economic calendar
Fundamental Analysis
Different types of charts
Multiple charts can be used to analyze more than one chart at the same time.
Fixed trades trading tutorial:
When it comes to trading, many traders ask how to make money on the Olymp Trade platform. As mentioned before, you can choose between fixed-time trades and forex trading in the menu. It is possible to switch in one click between these two financial products. In the following sections, we will discuss how to trade on the platform and how it works for investing money.
Fixed time deals (Wikipedia) are very popular because it is easy to understand how they work and you have a 50/50 chance of making a very high profit of 92% +. All you have to do is choose a market or asset for your analysis and invest in it. Make a prediction of the price direction in the future. You can choose the expiry time when the contract expires. At the end of the option, the price must be below or above the strike price (entry point). You can trade in both directions (up or down).
Fixed time trading
➔ Open your free trading account with Olymp Trade now
(Risk Warning: Your capital could be at risk)
There are only two options. You can lose the investment amount or earn a high return. Before you start trading you know all the terms. In general, this means that your success rate should be more than 50% or you double the investment amount when you lose a trade. By using an asset with a high return on investment, you can earn a lot of money.
The minimum investment is $1 per trade. You can choose any expiry time for the trade. It is possible to trade short-term and long-term positions with a fixed time. The minimum expiry time for a fixed-term trade is 60 seconds. This is why options are so popular. You can make a lot of money in a short time horizon and the market should only move one point in your expected direction.
Summary of fixed time trades trading:
Choose the original you want
Analyze and forecast price action
Choose the expiry time for the selected time trading
Trade up or down
Win or lose
Olymp Trade review |
Olymp Trade Forex Trading Tutorial:
There are some differences between these two financial products. The main difference between forex trading and time trading is that with forex trading, you will make more profits if the price moves more in your direction. With options trading, the profit is limited. Forex trading means that you can make unlimited profit or loss.
Forex trading
For all the scary traders, you cannot make debts on the platform. The broker will automatically close your trade. With forex trading, it is possible to set profit and loss limits through take profit and stop loss. For example, you invest in one currency and sell another. If the price goes up you can make a profit. Also, short trades are possible because you are always trading two different currencies in one currency
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