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Olymptrade has a rating of 4.1 stars from 249 reviews, indicating that most customers are generally satisfied with their purchases. Reviewers satisfied with Olymptrade most frequently mention fixed time, trading platform, and demo account. Olymptrade ranks 2nd among Stock Trading sites.
This company responds to reviews on average within 3 days
In many aspects, Olymp trades offer innovative and unique experiences. The one that appealed to me and made me give it a try was the offer of trading without spreads. I don't remember seeing any other platform with a similar concept. I expected high fees to compensate this feature, but it happened the fees to be quite reasonable 👏 I would rate them 10/10 for low trading costs 👍
I strongly caution against engaging with Olymp Trade, as my experience suggests they operate as a scam company. Be wary of any involvement, as it may result in financial loss and unfavorable outcomes. I've gotten my money back and that was only way I could go about it. I got help from. (I USED THEIR WEBSITE URL AS MY DISPLAY NAME AND PROFILE PICTURE ON THIS REVIEW INCASE YOU NEED HELP AND WANT TO REACH OUT TO THEM). Note: I did this because of the strict policy over here and honestly i just want to help as many people as possible to get their money back.
In many aspects, Olymp trades offer innovative and unique experiences.
The one that appealed to me and made me give it a try was the offer of trading without spreads. I don't remember seeing any other platform with a similar concept.
I expected high fees to compensate this feature, but it happened the fees to be quite reasonable 👏
I would rate them 10/10 for low trading costs 👍
Date of experience: September 17, 2024
Supervised by VFSC - you can actually see the pdf version of their license, and it's cool that they put it in. It means they are fully transparent with their clients, this upholds their reputation🙌
Even without knowing they are licensed, I still used to trade here, because they were on the market so many years so logically they are legit.🤔
Date of experience: December 18, 2024
Hello, Fikri B.
Thank you for sharing your thoughts! 😊 It’s great to hear that you appreciate the transparency of Olymp Trade in making their VFSC license publicly accessible. This commitment to openness is definitely a cornerstone of building trust and upholding a solid reputation. 🙌
It’s also wonderful to know that you valued their long-standing presence in the market even before learning about the licensing. Experience and consistency are indeed strong indicators of reliability. If you ever have further questions or feedback, don’t hesitate to reach out. Happy trading! 🚀
Best regards, Olymptrade team.
I like the fact that Olymp trade positions itself as beginner-friendly platform. One can doubt this statement, but after I tried trading on it, I can confirm this.
Registration and verification of your identity take no longer than 10 minutes if you insert correct data without trying to cheat on the company.
Believe me, any manipulations are easily unveiled.
Their web-based trading platform can be downloaded, but it's more habitual for me to trade in the web. Very nice design, sleek interface and lots of instruments. I am happy, all in all!
Date of experience: August 23, 2024
Hello, Anan W.
Thank you so much for sharing your positive experience with Olymp Trade!
We’re thrilled to hear that you found our platform beginner-friendly and easy to use. We strive to make the registration and verification process as smooth as possible so traders can focus on what really matters—learning and trading. It's great to know you appreciate the design and interface of our platform as well.
We're committed to providing a safe and transparent trading environment, and we appreciate your understanding of our verification process. If you ever have any questions or need assistance, don't hesitate to reach out to our support team.
Happy trading, and thanks for being a part of the Olymp Trade community!
Best regards, Olymp Trade team.
I carefully studied how Olymp Trade ensures security and reliability of its services.
***this was of particular importance to me as I invested all my savings in trading on this platform.
I might have misunderstood, but it looks like Olymp Trade is a member of FinaCom. If I understood correctly, this is a special commission that ensures that brokers fulfill their obligations to traders. And this commission also ensures security.
Maybe I didn't understand something right. But bottom line is that there is an international body that ensures reliability of this broker
Date of experience: August 31, 2024
Hello Dian N.,
Thank you for taking the time to learn about the security and reliability of our services. We understand how important it is to feel secure when investing your hard-earned savings.
You are absolutely correct! Olymp Trade is a member of the Financial Commission (FinaCom), an independent international organization dedicated to resolving disputes in the financial services industry. As a member, we are committed to upholding high standards of transparency, integrity, and service. FinaCom acts as an external dispute resolution body, ensuring that brokers like us fulfill our obligations to traders.
Additionally, FinaCom provides a compensation fund of up to €20,000 per client, which offers an extra layer of protection in the unlikely event of any disputes. This membership helps to assure our traders that they are dealing with a reliable and trustworthy broker.
We’re here to support you every step of the way, so if you have any further questions or need clarification, please don’t hesitate to reach out.
Thank you for choosing Olymp Trade,
The Olymp Trade Team
My trading account has an advanced status although I started with a starter status but I was able to get to the next level faster than I expected. I like that the commission discount is 10%.🙂
By the way, I noticed that the speed of withdrawals on the advanced account are faster than on a starter one, so if you want to withdraw money fastly then I think the former one is a better option. The trading platform is also cool and the user interface is modern and totally better than the previous platform which I have used before.👍
Date of experience: August 24, 2024
Hello,Fernando M.
Hi there! Thanks for sharing your experience with us!
It’s fantastic to hear that you’ve reached the Advanced status so quickly and are enjoying the benefits, like the 10% commission discount and faster withdrawals. We designed these perks to reward our dedicated traders, and it’s great to know they’re making a positive difference for you!
We’re also glad you’re enjoying our trading platform’s user interface and design. Providing a modern and efficient trading experience is a top priority for us, so it’s wonderful to hear that you find it better than what you’ve used before.
If you have any questions or need further assistance, don’t hesitate to reach out. Happy trading, and thanks for being a part of the Olymp Trade community! 😊👍
Best regards, Olymp Trade team.
I have traded before on the crypto exchanges but I wanted to change something in my trading path and decided to try to trade on the forex market. It was something new and unusual for me but I was full of willingness to learn to trade properly on the forex and luckily Olymp Trade provides a lot of educational materials for that.
By the way, there are a lot of ways available for making deposits and withdrawals through various payment methods. Of course, as a person who is familiar with the crypto world I made a deposit through USDT and the transaction was quite fast and smooth.😁
Date of experience: September 11, 2024
Thank you for sharing your experience! 😊 It’s awesome to hear that you’ve made the switch from crypto to forex trading and that you’re finding our educational materials helpful in your learning journey. We’re committed to providing resources to support traders at every stage. And it’s great to know that your deposit with USDT was quick and smooth—we strive to offer a variety of payment methods to make transactions as convenient as possible. If you ever have any questions or need further assistance, we’re here to help. Happy trading, and best of luck on your forex journey! 🚀📈💪
Opening an account was really EASY🍾
No hassle🐝, no hundreds of documents📃, not a lot of rules.
Registered, put some money ($25 was enough for me), and went trading.
I gotta say I traded a bit of demo and I was the KING on demo, but on real I am taking it slow. Have a starter status for a beginner and putting minimum lots, but when I learn, I will be unstoppable... hopefully😂
Date of experience: August 1, 2024
Hello, Tiago R.
Thank you for sharing your experience with Olymp Trade! 😊 We're thrilled to hear that opening an account was easy for you. Starting with the demo account is a great way to get comfortable, and we're glad you're taking your time to learn on the real account.
With your positive attitude and determination, we're sure you'll achieve great success in trading. If you ever need any assistance or have questions, our support team is always here to help.
Happy trading and best of luck! 🚀
Best regards,
The Olymp Trade Team
I want to share my opinion about profitability of trading on OlympTrade platform
I can assume that such opinion matters
So my current profitability is 85%
For my Starter level, this is the standard size of profitability.
To be honest, this is not a very big %, because I know that when I reach Expert level, my profitability will grow to 93%
Although I understand that even 85% is quite a lot,. Given that trading takes a little time, such trading can bring me good profit.
Date of experience: September 17, 2024
Hello, Fadi H.
Thank you for sharing your thoughts on trading profitability with us! 😊 It’s great to hear that you’re already achieving an 85% profitability rate at the Starter level. While it may seem modest compared to the higher levels, it’s still a solid performance and a good foundation for future growth.
As you progress and reach the Expert level, the increased profitability can certainly amplify your trading results. But even at 85%, with the right strategy and risk management, you can achieve consistent and rewarding returns. Remember, it’s not just about the percentage but also about steady growth and learning along the way.
We’re here to support your journey and help you maximize your potential. If you have any questions or need advice, feel free to reach out. Happy trading, and we wish you the best of luck as you aim for the Expert level! 🚀📈💪
I was quite impressed with how many different ways Olymp Trade provides for making deposits and withdrawals through a lot of financial payment systems.🤯
I was a little bit confused about how to make deposits through crypto and I wanted to learn how to do it, so yeah, the technical support was able to explain to me how everything works and I decided to make a deposit through USDT and to my surprise it was easier than I thought. I don't know why I was so afraid of making transactions through crypto currencies. Lol😂
Date of experience: August 20, 2024
Hi, Yousef A.
It's great to hear that you were impressed with the variety of payment methods available on Olymp Trade! 🌟 We understand that trying something new, like making deposits through cryptocurrencies, can feel a bit daunting at first, but we're glad our technical support team was able to guide you through the process.
USDT is indeed a popular and convenient option for many traders, and it’s fantastic that you found it easier than expected. It’s always rewarding to overcome those initial fears and discover how straightforward things can be. 😊
If you ever have more questions or need further assistance, don't hesitate to reach out. We're here to help you every step of the way! Happy trading! 🚀
Best regards, Olymp Trade team
I never really knew about trading like this, and I see the advantages and disadvantages of it. Scalping traders will love it for sure. There are so many instruments to trade as well using the Fixed time trading mode. I have got a hang of it and it is quite profitable, considering the profitability of the platform.
Date of experience: August 1, 2024
Hello, Eko W.
Thank you for sharing your experience with Fixed Time Trading on Olymp Trade! 😊 We're delighted to hear that you've found it profitable and that you appreciate the variety of instruments available. Fixed Time Trading can indeed be a great option for scalping traders due to its unique advantages.
If you have any questions or need further assistance, our support team is always here to help.
Happy trading! 🚀
Best regards,
The Olymp Trade Team
Ngl this broker has really nice set of educational materials, guys.
In addition, they are available directly on platform.
I showed you on screenshot where you can find them.
I can write quite a lot about benefits of these materials. So for example, I watch these tutorials and immediately apply knowledge that I got from them on demo account. And if I see that something interesting, then I start trading on real account.
Date of experience: July 18, 2024
Hey there, Jokhan D.
Thanks for sharing your positive feedback! We're thrilled to hear that you find our educational materials helpful and accessible directly on the platform.
It's fantastic that you're using the tutorials and applying the knowledge on your demo account before moving to real trading. That's a smart approach to gaining confidence and improving your skills.
If you have any questions or need further assistance, feel free to reach out. Happy trading and learning!
Best regards, Olymp Trade Team
The whole concept of fixed time trades was kinda new to me.
So I opened a demo acc🧾to paper trade a bit and learn it.
Turns out this kind of trading is interesting, it is based on time🕛
Date of experience: August 20, 2024
Hello, Carlos M.
It’s awesome that you’re taking the time to learn and explore fixed time trades! 👍 Starting with a demo account is a smart move— it gives you the chance to practice and understand the strategies without any risk. Fixed time trading is indeed unique, and its focus on timing adds an interesting dimension to the experience.
Keep experimenting and honing your skills. We’re here to support you on your trading journey! 🚀 Happy trading!
Best regards, Olymp Trade team
No lie, expert status is smth that I am dreaming of, because those perks coming with are worth every minute spent on trading, srsly.
I know that I can use marketplace and buy it there, but is this interesting? Ofc no, you ain't have any stimulus to keep going if you buy statuses. My Advanced one was obtained by sweat, blood and tears.
But I ain't like it, I wanna expert!
Date of experience: July 19, 2024
Hello, Luis T.
Thank you for sharing your thoughts! We love hearing about your dedication and ambition. You can also upgrade your status by earning experience points (XP), which you can get by making trades on a live account and completing Trader's Way tasks.
Best regards,
Olymp Trade team
I heard many words about them being a beginner-friendly broker, and I am glad that I listened to those words and checked this platform. I am a new trader and this was not the first time I tried trading. Unlike other platforms, where I couldn't understand what was going on, here everything is much simpler and easy to get accustomed to.
I am into crypto, since I have a friend who has longer experience in trading than me, and he provides me some trading advice on Bitcoin.
So far, it is going well, and I can recommend this platform to all beginners.
Date of experience: July 13, 2024
Hello, Tanakrit P.
Thank you for your wonderful review!
We're thrilled to hear that you find our platform cutting-edge and beginner-friendly. Making trading accessible and understandable for new traders is one of our top priorities. It's great to know that your experience with us has been positive and that our platform stands out from others you've tried.
We're glad to hear that your crypto trading journey is going well with the help of your friend's advice. If you have any questions or need further assistance, please don't hesitate to reach out. We're here to support you every step of the way.
Best regards,
Olymp Trade Team
Fixed time trading hits so different xD Decided to go with BTC going down. Once again, its inside the channel it's build for itself. And even opened multiple trades on it, all for different time frames. Feels so good to see them close in +, one by one.
Date of experience: July 1, 2024
Hi, Luis G.
Thank you for sharing your experience with Olymp Trade! We're thrilled to hear that you're enjoying fixed-time trading and that your strategy with BTC has been successful. It's great to know that you find satisfaction in seeing your trades close in profit, especially when utilizing different time frames.
Keep up the excellent work, and feel free to reach out if you have any questions or need further support. Happy trading!
Best regards,
Olymp Trade Team
I really like Olymp Trade's concept for account statuses. It keeps me motivated to trade, and instead of looking at the profits I am more focused on the experienced profits. I recently improved my status and still have one more to go. I read once that as a trader you need to focus more on good trades rather than watching the profits, it will help you become a better trader. I still watch the profits, but at the same time, I have another distraction which I believe helped me to stay motivated and focus on good trades that bring more experience points.
Date of experience: June 28, 2024
Hello, Salvador C.
Thank you for sharing your experience! We're glad to hear that our account status concept is keeping you motivated and helping you focus on improving your trading skills. It's great that you're seeing the value in gaining experience and making good trades rather than just watching profits. Your dedication to progress is inspiring. We wish you continued success on your trading journey and are here to support you every step of the way. Happy trading!
Best regards, Olymp Trade team.
It is impressive how Olymp Trade has developed itself over the Years. Today,, it is a well-established platform with an excellent reputation among traders.
New traders and experienced ones are equally satisfied with their services. I like that this platform offer various trading modes, which makes them a suitable online trading app regardles of the market conditions. One can always find good trading opportunities.
Date of experience: June 20, 2024
Hello, Rizal S.
Thank you for your kind words! We're proud of how Olymp Trade has evolved over the years to become a trusted and secure broker for both new and experienced traders. Our diverse trading modes are designed to help you find great opportunities, no matter the market conditions.
Your satisfaction is our top priority, and we’re here to support you every step of the way. Happy trading!
Best regards,
Olymp Trade Team
It was curious for me which pricing model this broker has chosen and I decided to nose it out by trading for a while.
As far as I understood it's a kinda... mixed mechanism where are both spreads an commissions, but at the same time they don't bite your profit whatsoever!
I traded currency pairs and cryptos, and al the time, even when I opened deals during peak hours, those charged spreads were invisible completely. Inmy opinion, they have developed a good system.
Date of experience: June 17, 2024
Hello, Arturo M.
Thank you for your positive feedback! We're glad to hear that you found our pricing model effective and transparent. At Olymp Trade, we strive to provide a seamless trading experience with minimal impact on your profits. Your observation about our spread and commission structure is appreciated, and we're pleased that even during peak hours, our system met your expectations. We aim to continuously improve and provide the best trading environment for our users. Happy trading!
Best regards,
Olymp Trade team
As soon as I made a deposit I got a starter status of my trading account but I found out that there are three types of statuses of accounts. It depends on which amount of money you are going to deposit. Well, I'm not ready to deposit a large capital for that so far but in the near future I will do so when I will understand how everything works because I'm completely new to trading.
Date of experience: June 15, 2024
Hello, Eko S.
The simplest way is to top up your account with the required amount:
• Starter — default status, no deposit necessary
• Advanced — you need to deposit at least $500/€500 or USDT 100 to your USDT account
• Expert — you need to deposit at least $2000/€2000 or USDT 500 to your USDT account
You can also upgrade your status by earning experience points (XP), which you can get by making trades on a live account and completing Trader's Way tasks.
Best regards,
Olymp Trade team.
First of all I want to mention that I'm new in the trading field and take it easy about my review. I like how many educational materials OlympTrade provides for customers and especially quantity of video strategies is tremendous. I recently watched a video about triple rebound strategy and to my surprise it was easier than I thought. I'm going to check out other strategies also.
Date of experience: June 10, 2024
Hello, Martin S.
Thank you for sharing your experience and review! It's great to hear that you find the educational materials and video strategies on Olymp Trade helpful. The triple rebound strategy can indeed be a straightforward and effective method for beginners. Keep exploring and learning from the various resources available – it's a fantastic way to build your trading skills. If you have any questions or need further guidance, don't hesitate to reach out to the community or support team. Happy trading and best of luck with your future strategies!
Best regards,
Olymp Trade team.
Wow, there are 2 separate trading modes with completely different mechanism.
I tried fixed-time trading and profitability on some currency pairs with my starter account was about 80% which is generous for real. =))
No cap, I'mma try this thing next time again.
Date of experience: May 29, 2024
Hello, Miguel H.
Thanks for your feedback — it’s integral to our growth.
We’re here so that you get a top-notch trading experience. Stay tuned for more!
All the best,
Olymp Trade
What I love about this platform is that it provide great oportunities.
For quite a long time, I traded in classic forex mode using a single trading strategy. And such tradinf brought me about 200 - 300 dollars a month. This is good result, but it's not as much as I would like to get from trading
Therefore, I save up about $ 2000 and started aditionally trading in FTT mode using one strategy that I saw in one of youtube videos.
Now this new trading strategy brings additional $80 - $120 per month.
Date of experience: June 7, 2024
Hi, Carlos R.
Thanks for sharing your story with us!
By the way, if you’re looking for new strategies to try out, Stock could be an interesting option for you to consider.
Best of luck,
Olymp Trade
I strongly caution against engaging with Olymp Trade, as my experience suggests they operate as a scam company. Be wary of any involvement, as it may result in financial loss and unfavorable outcomes.
I've gotten my money back and that was only way I could go about it. I got help from. (I USED THEIR WEBSITE URL AS MY DISPLAY NAME AND PROFILE PICTURE ON THIS REVIEW INCASE YOU NEED HELP AND WANT TO REACH OUT TO THEM).
Note: I did this because of the strict policy over here and honestly i just want to help as many people as possible to get their money back.
Date of experience: June 12, 2024
Hi there!
We are informing you that we have sent a request to update your review. It pursues advertising goals and promotes a suspicious link. As the mentioned website is potentially harmful to Sitejabber's users, we kindly ask you to update the review. In another case, we will have to flag this review for removal.
Best regards, Olymp Trade team.
I have heard a lot about Olymp Trade and their name reminds me of the com[petition Olympic Games which will holded soon in the coming summer.
Anyway, the broker is great with a wide variety of financial services and I'm not sure about other traders but personally I am thrilled by their services.
There are also three types of trading accounts and each of them has different beneficial conditions. I am still on a startet trading account and I',m going to switch it to another trading account "Advanced" because the transactions of withdrawals are faster than on a starter account.
Date of experience: May 22, 2024
Hello, Sohail N.
Thanks for your feedback!
Our team is always here, improving things to make sure you get the best experience possible. Keep trading with us!
Best regards,
The Olymp Trade team
Having an affordable minimum deposit is very important because most beginners do not really have cash they are not using so they have to be very wary of how they spend at the beginning of their trading. The trading instruments are also diverse, and you can trade in any market you want. I trade Eth/Usd on different trading modes and it's all good.
Date of experience: April 23, 2024
Hi, Javier L.
Thanks a lot! Feedback like yours drives us to keep improving.
Best of luck,
Olymp Trade
Olymptrade – Care that counts.
Olymptrade is a trusted global trading platform offering access to a wide variety of financial markets, including currencies, stocks, commodities, indices, and cryptocurrencies. Designed with both beginners and experienced traders in mind, Olymptrade provides a user-friendly interface, competitive payouts, and a low minimum deposit to help traders of all levels succeed.
Our platform is dedicated to supporting our traders every step of the way. With 24/7 customer service, a free demo account, and an extensive range of educational resources such as webinars, tutorials, and market insights, Olymptrade ensures that traders are empowered with the knowledge and tools they need to make informed decisions.
Olymptrade – Care that counts is here to help you grow and achieve your financial goals.
Hello, Fanele S.
Thank you so much for your feedback! 😊 We’re thrilled to hear that our unique spread-free trading concept caught your attention and met your expectations. Offering a transparent and cost-effective trading experience is one of our top priorities, and we’re glad to see it’s appreciated. We aim to keep our fees reasonable so that our traders can focus more on their strategies and less on extra costs. Your 10/10 rating means a lot to us! If you have any suggestions or need assistance, feel free to reach out. Happy trading and wishing you continued success! 🚀📈👍