Offering tailored account tiers like Starter (max return of 85%), Advanced (max return of 89%), and Expert (max return of 93%), it appeals to traders seeking high returns with manageable entry costs.
OlympTrade provides access to MetaTrader 4 (MT4) alongside its proprietary platform and supports multiple payment methods such as credit/debit cards, e-wallets (Skrill, Neteller, WebMoney), and bank transfers.
OlympTrade Fees include an inactivity fee of $10 per month after 180 days and variable overnight fees, dependent on trade size and asset class.
OlympTrade Company Information
OlympTrade is a trading platform with its main office in Port Vila, Republic of Vanuatu.
This broker is licensed and OlympTrade regulated by the Vanuatu Financial Services Commission (VFSC), which is a low-tier regulator. The mentioned platform is owned by Saledo Global LLC, headquartered in St. Vincent & the Grenadines.
Specifications Summary
When it comes to binary options trading, OlympTrade offers a robust and diverse platform. Here's a quick overview of what you can expect:
Broker | OlympTrade |
Account Types | Starter, Advanced, Expert, Demo |
Establishment Year | 2014 |
Trading Platforms | Proprietary, MT4 |
Maximum Return | Up To 93% |
Minimum Deposit | $10 |
Base Currencies | USD, EUR |
Deposit Methods | Credit/Debit Cards, E-Payments, Bank Transfers |
Withdrawal Methods | Credit/Debit Cards, E-Payments, Bank Transfers |
Minimum Trade Amount | $1 |
Maximum Trade Amount | Up To $5,000 |
Tradable Assets | Forex, Stocks, Crypto, Indices, Commodities |
Investment Options | None |
Bonus | Deposit Bonus |
Spreads | Depending On The Order Amount And Leverage |
Commission & Fees | Subject To Various Criteria |
Maximum Leverage | 1:500 |
Affiliate Program | Yes |
Trading Features | None |
Inactivity Fee | Yes |
Customer Support Ways | Email, Phone Call, Live Chat |
Customer Support Hours | 24/7 |
Account Types
This section of the OlympTrade review is about account types and levels. This platform offers live and demo accounts. In a live account, you can go through 3 statuses and levels:
- Starter: Basic accessible features;
- Advanced: Exclusive platform features;
- Expert: All features and tools available.
OlymoTrade also offers a demo account for beginner traders to practice strategies.
OlympTrade Accounts Comparison
Each OlympTrade account type is designed for a specific type of trader. Here's a detailed comparison of the OlympTrade accounts:
Account Type | Starter | Advanced | Expert |
Minimum Deposit | $10 | $500 | $2000 |
Trading Platform | Own platform | ||
Markets and Instruments | Forex, stocks, cryptocurrencies, indices, commodotoes | ||
Minimum Trade Amount | $1 | ||
Commission Discount | No | Up to 10% | Up to 20% |
Maximum leverage | 1:500 | ||
Special Features | Up to 85% payout, maximum $2000 forex trade amount, basic educational material | Up to 89% payout, high priority withdrawals, up to 100 Forex maximum positions, 11 indicators, 20 unique strategies | Up to 93 return, $4000 Forex trade limit, 3 advisers, private education, personal analyst, 14 indicators, 35 unique strategies |
OlympTrade: How to Register & Verify Account
To complete the OlympTrade registration process and open a new trading account, follow these steps:
#1 Enter the Official OlympTrade website
Search for the OlympTrade website on your favorite browser and access the official website.
#2 Enter Credentials
Select “Registration”, input a valid email (not previously used on OlympTrade), and set a strong password. Hit “Register” to move forward.
#3 Confirm Your Email
In your account settings, head to "Personal Information" and click your email. A verification code will be sent. Paste it into the designated field to finalize setup.
Olymptrade account verification is not necessary at first, but when it's needed, you must submit photos of required identity or residence documents.
Bonuses
OlympTrade offers a deposit bonus system to attract new users and reward existing clients. Bonuses are typically granted during promotions or via redeemable codes and vary based on deposit size.
For instance, a 30% bonus may apply when depositing $100 or more using a code like START30. In certain campaigns, first-time depositors may receive up to a 50% bonus. These bonus funds are non-withdrawable, but any profit generated from using them can be cashed out.
Traders should be aware that bonuses come with expiration terms and must be used within a set period. This structure offers extra margin for trading, but should be used wisely and with an understanding of the terms.
You can also join OlympTrade tournaments to receive a profit percentage increase.
Commission and Fees
OlympTrade applies an inactivity fee of $10 per month for accounts that remain dormant for 180 consecutive days. This fee continues to be charged monthly until the account balance reaches zero or the trader resumes activity.
There are no charges for deposits, withdrawals, or trade execution. OlympTrade absorbs all external fees from payment processors, ensuring that users receive the full value of their transfers. This structure makes the platform cost-efficient for active traders while encouraging consistent engagement to avoid inactivity charges.
Personal Cabinet Specifications
OlympTrade dashboard is designed to provide traders with a comprehensive and user-friendly trading experience.
The cabinet's important sections:
- Market Chart: access to indicators, different chart types, and trading signals
- Multiple Trading Modes: Stocks, forex, fixed-time trades
- Platform Accessibility: Mobile apps for on-the-go trading, Desktop applications for a distraction-free experience, Web-based platform for convenience
- Customization Options: Unique tools to enhance trading skills, ability to personalize the trading interface
- Payment Section: for deposit, withdrawal, and transaction management
Available Indicators and Oscillators on the OlympTrade Platform
OlympTrade trading platform offers a good set of technical analysis tools, including various indicators and oscillators.
OlympTrade equips traders with a strong selection of technical tools designed for binary analysis. The platform supports multiple timeframes and allows for the simultaneous use of multiple indicators on a single chart. Popular tools available to traders include:
- Moving Averages (Simple and Exponential)
- Bollinger Bands
- Relative Strength Index (RSI)
- MACD
- Stochastic Oscillator
- Parabolic SAR
- Average True Range (ATR)
- Pivot Points (advanced)
- Stochastic RSI (premium/paid)
While many indicators are freely accessible, certain tools (like Pivot Points and Stochastic RSI) are available only to higher-tier accounts or via in-app purchases. This structure enables beginner traders to start with basics, while offering more advanced analytics to seasoned users willing to upgrade.
What Payment Methods Can I Use on OlympTrade?
The broker offers a variety of payment methods to cater to traders from different regions. Here's a breakdown of the available OlympTrade deposit and Withdrawal methods:
- Credit/Debit Cards: Visa, Mastercard
- E-Wallets: Skrill, Neteller, WebMoney
- Bank Transfers
Advanced and Expert status clients enjoy priority service with faster withdrawal times, adding an extra incentive for active traders.
Copy Trade and Social Trading Options
OlympTrade does not offer any facilities for traditional copy trading or earning passive income alongside manual trade. However, traders can use OlympTrade copy trade signals feature that enables them to copy signals generated by analysts and experts.
Benefits and Drawbacks
It's recommended to have an overview of the pros and cons as two sides when choosing a binary platform. Here is a table for OlympTrade:
Benefits | Drawbacks |
Up to 93% Profit Available | A Number of Negative User Reviews |
Leverage of Up to 1:500 | - |
Long Track Record in the Industry | - |
24/7 Support Services Offered | - |
Trust Scores on Reputable Websites
When evaluating OlympTrade's trustworthiness, it's important to consider reviews from multiple sources. Here's a summary of the trust scores and reviews on the OlympTrade Trustpilot profile and its page on ForexPeaceArmy:
- Trustpilot Users Score: 4 out of 5, based on more than 1,300 reviews
- ForexPeaceArmy Average Users Rating: 2.7/5 with +120 sores
Overall, this platform has received mixed scores and reviews from users and experts on different websites.
Customer Services and Support
OlympTrade claims to have a comprehensive customer support team ready to help traders with their obstacles. Here's an overview of their customer service specifications:
- 24/7 Support: Assistance available every hour of every day;
- Multiple Contact Channels: Live Chat, email, & Phone Hotline;
- Multilingual Support: Specialists available in multiple languages to cater to a global user base;
- Help Center: Comprehensive answers to common questions, covering essential topics.
Support team contact information:
- Support-en@olymptrade.com
- + (356) 2034 16 34
OlympTrade Comparison with Other Binary Brokers
To further understand the quality of services in the OlympTrade compared to other binary option broker's, we have provided the table below:
Parameters | OlympTrade | Pocket Option | Tradonex | ||
Establishment Year | 2014 | 2013 | 2019 | 2017 | 2020 |
Maximum Return | Up to 93% | Up to 90% | 98% | 90%+ | 98% |
Minimum Deposit | $10 | $10 | $10 | $5 | $100 |
Minimum Trade amount | $1 | $1 | $1 | $1 | $0.01 |
Number of Trading Assets | Over 100 | Over 250 | Over 400 | Over 100 | Not Specified |
Bonus | Deposit Bonus | No | Welcome Bonus, deposit bonus, risk-free trade, loyalty program, seasonal promotion | Welcome Bonus, First Deposit Bonus, No Deposit Bonus, YouTube Video Contest | 20%, 50%, and 100% Deposit Bonus |
Maximum Leverage | 1:500 | 1:100 | 1:1 | 1:1000 | Not Specified |
Inactivity Fee | Yes | Yes | No | No | No |
Writer's Opinion and Conclusion
With leverage up to 1:500, priority withdrawal services for higher account tiers, and advanced technical indicators such as MACD, RSI, and Bollinger Bands, it caters to new and professional traders.
Despite its user-friendly interface and multilingual 24/7 customer support, OlympTrade has received mixed reviews, earning a 4/5 score on Trustpilot and 2.7/5 on ForexPeaceArmy.