Olymp Trade Review

Category: Reviews | Author: Trading Brokers | Date: November 17, 2022

Olymp Trade is an online brokerage firm that provides its users with access to trade over 100+ financial instruments on its easy to use platform. With the Olymp Trade app, you will be able to access various markets and trade from the comfort of your mobile device. They also provide some helpful educational resources for those of you who are new to trading online, trading signals and insightful market analysis which can help you keep up to date with the latest economic news events. Despite the positives, Olymp Trade does not have the popular MetaTrader 4 trading platform and I feel that they could improve their regulation.

Pros & Cons

  • User-friendly trading platforms and apps
  • Good selection of forex currency pairs
  • Educational resources to assist new traders
  • Free demo accounts to practice trading online
  • Decent choice of deposit and withdrawal options
  • Dedicated 24/7 customer support
  • Minimum deposit is relatively low
  • No MetaTrader 4/5 platforms
  • Lack of automated trading solutions
  • Not currently regulated
  • Limited assets compared to best brokers


Olymp Trade was founded in 2014 and has increased in popularity during recent years, with an active social media presence that is frequently sharing market news to entice and inspire new traders. The brand is owned and managed by Inlustris Ltd which is registered in Saint Vincent and the Grenadines. Note that the SVGFSA does not control or regulate the activity of brokerage firms.

The broker offers a reasonable range of contract for differences (CFDs) on various asset classes including forex, commodities, stocks, metals, indices cryptocurrencies and ETFs.

You can trade with Olymp Trade via an intuitive and user-friendly interface on the brokers mobile trading app which allows you to easily find and use various technical indicators and analytical tools to spot potential opportunities across the financial markets.

Olymp Trade believes in trader education and thus organises training webinars almost every week at no cost to all interested clients. I think it is good to see a broker encourage users to improve their trading education. You can also get a free demo account if you would like to practice trading online with this broker without making a financial commitment.

AvaTrade Logo

Our #1 Broker 2023

AvaTrade is an award-winning and multi-regulated broker offering a great selection of trading instruments including Forex, Cryptos, Stocks and Commodities. You can trade on all of your devices via user-friendly platforms with excellent trading conditions and no commission fees.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.


Olymp Trade is a member of the International Financial Commission (FinaCom), which is a dispute resolution organization but not a financial regulatory body. The Financial Commission is an external dispute resolution (EDR) organization for consumers/traders who are unable to resolve disputes with financial services providers that are members of the Financial Commission.

Despite being a member of the reputable Finacom, Olymp Trade remains an unregulated broker. Finacom membership cannot equate the stringent regulatory stipulations as being enforced by standard regulatory bodies like the FCA or ASIC.

I would always look for a trading broker that is regulated by at least one top-tier regulator. Even better, a regulator that operates in the country in which you are located. Please feel free to browse our comprehensive broker reviews for some alternative options that are well regulated.

On the plus side, all of the financial market prices quoted on the Olymp Trade platform are third-party verified. The data can be accessed at all times so the trader can ensure they are getting the best trade execution possible via this particular brokerage firm.

Olymp Trade claims to be committed to the highest quality of service. This is something that I would always expect from any broker, regulated or not. Olymp Trade states that clients are entitled to deposit insurance, comprehensive support and prompt resolution of all issues.

Olymp Trade’s platform and website is protected by a 256-bit Secured Socket Layer (SSL). This is the industry standard security practice that engenders a digitally safe transaction environment for all clients. SSL encrypts all data to and from the servers. This is done in order to prevent cybercrimes such as identity and credit card theft, phishing and hacking.


Olymp Trade Platform

Olymp Trade provides only its proprietary platform to all clients for trading activities. The platform is web based and therefore requires no downloads and installations. This is advantageous because it means that you can access your trading account from any device that has a web browser.

The Olymp Trade platform is optimized for mobile viewing and resizes to fit on most screens. It is available in an impressive variety of 19 languages and includes a range of handy trading tools for analysing the market, order placement and managing positions.

I think there should be enough tools and functionality for those of you who plan on running basic trading strategies. However, there is limited customisation in terms of custom indicators. If you are looking for a trading platform which has much more analytical capabilities, including automated trading, then you might want to check out our best MetaTrader brokers for some inspiration.

The following are some features of the key features of the Olymp Trade platform:

  • It has 4 chart styles; Area, Japanese candlesticks, Heiken Ashi and bar charts
  • The charts can be displayed on 11 timeframes from 15 seconds to 1 month
  • From the platform, deposits and withdrawals can be made into the trading account
  • Supports one-click trading for quicker order execution
  • Switch between different trading activities on the same platform
  • Over 30 technical indicators including the most popular ones such as the MACD, RSI and moving averages
Olymp Trade Platform

Olymp Trade Platform

Olymp Trade Mobile App

This Olymp Trade mobile trading app has been developed for convenient trading whilst on the go. It is available for Android and iOS devices. The Olymp Trade app is clean, modern and user friendly. I do not think you will have any issue navigating the charts, conducting basic market analysis and executing trades. It is quite limited in terms of functionality when compared to some of the best trading apps but will still get the job done if you are looking for hassle free online trading.

Here are the core features of the Olymp Trade mobile app:

  • Customizable assets list to track your favourite financial instruments
  • Switch between demo and real accounts, quickly and easily
  • Fund and withdraw from you trading account via the trading app
  • One-click trading to reduce execution speed and get better pricing
  • Direct access to customer support from within the app.
  • Educational resources available from the app to learn anywhere at anytime
  • Limited choice of just 2 chart styles that can be displayed over 6 timeframes from 15 seconds to 1 hour
  • Technical indicators and drawing tools for spotting possible trade setups
Olymp Trade App

Olymp Trade App


If you are a technical trader, then you should find enough trading tools implemented within the Olymp Trade platforms and apps to analyse all of your favourite trading instruments for signals. However, I do feel that they are limited in terms of developing your own technical indicators and tools. That being said, there should be enough for those of you who just want to buy and sell CFDs without running any overly complex algorithms.

Trading Signals

Olymp Trade do provide some optional trading signals on their website. The signals are given on selected instruments. These signals are based on technical indicators and analysts’ tools. They are available on currency pairs, commodities, indices and stocks. If you are looking for a broker where you can get signals and copy trades, then you might want to take a look through our best social trading platforms.


The brokers website and platform contain various training videos and articles aimed at teaching forex trading to a beginner. The training is grouped into video tutorials, forex trading strategies, technical indicators and webinars.

The education section of the Olymp Trade blog has articles on fundamental and technical analysis, trading psychology and money management.

There are over 250 videos of recorded past webinars that can be watched on the website. New webinars are scheduled at least every week. The webinars teach various topics ranging from indicators, options trading, etc.

Daily Review

This section of the Olymp Trade website features news, trends and analysis. It looks at selected instruments and gives their daily analysis. The analysis is primarily based on charts, indicators, price action, news and economic releases.  This can be a good way to get some inspiration for your trades.

Weekly Review

The Olymp Trade weekly review looks at the important economic events that are expected within the week as well as their potential impacts on the market. It also follows up on the happenings of the past week. This can help you to always stay up to date with what is happening across the financial markets.

Olymp Trade Blog

The Olymp Trade blog is updated frequently by the brokers team of expert analysts. It has different sections which include; education, analytics, FAQ, lifestyle and platform news. The blog features some interesting and informative articles.


I found Olymp Trade to have a decent choice of CFD instruments including forex pairs, indices, major stocks, commodities including precious metals, and a selection of cryptocurrencies. This asset list is rather limited especially when compared to some competitors such as IC Markets who have thousands of trading instruments in comparison.


Olymp Trade does charge commission on all trades. The maximum leverage is 1:500. Accounts can be opened in EUR, RUB, BRL & USD. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.

The broker keeps things nice and simple as there are only two types of accounts which are as follows:

Regular account: This account is designed for new traders. The minimum deposit for opening this account is $10 which is very low compared to the industry average which I find is around $100-$200 from many other brokers. However, the conditions are not as favourable as they are on the VIP account.

VIP Account: The minimum opening deposit is $2,000. Whilst that is significantly more than the regular account, VIP account holders do get private webinars, analysts’ consultation and invitations to exclusive events.

Demo Account: The Olymp Trade demo accounts come preloaded with $10,000 in virtual funds and can be an idea way to test the different trading platforms and conditions before opening a real account.


This is an area in which I feel the broker really excels, as evident by the fact they are frequently responding to both positive and negative feedback online. It is always good to see a broker that does not go hiding, even if they cannot satisfy everyone – who can!

The Olymp Trade client support department is always available 24/7. The support desk speaks different languages. They can be reached on phone, email and instant web chat. They also have a ‘Contact Us’ form which can be used to ask quick questions to the support team.

A knowledge base comprising of FAQs is provided on the website. The FAQs are grouped under trading platform, financial questions and verification questions. A trading glossary of over 50 items is also provided.


Olymp Trade has a nic variety of convenient account funding options including card payments, wire transfer, online payment processors and cryptocurrency. The broker does not charge deposit and withdrawal fees which is great but you may still be charged by your payment provider either side. The minimum withdrawal is $10 and withdrawals are usually processed within 24 hours.

Credit/Debit Card: The cards accepted are Mastercard, Visa Card and Maestro. The minimum deposit is $10. Card payments are instantly processed which is great if you need funds to try and quickly capitalise on a market move.

Online Payments: The online payment gateways accepted include popular eWallets. The minimum deposit is again just $10 and the payments are also processed immediately.

Bitcoin: The minimum deposit is $25 and it is paid into Olymp Trade’s Bitcoin wallet. It is exclusively for clients who already own Bitcoins. The payment is processed within 24 hours but you should be aware of blockchain fees which can be quite significant from my experience.


Putting it all together, I think Olymp Trade has a basic offering that can work for those who simply want to buy and sell some of the most popular currency pairs and other financial instruments. All of your trading activity can be conducted through modern and intuitive platforms and apps with some technical indicators for analysing the markets and making informed decisions. There are some useful educational resources to help bring beginners up to speed with trading online whilst free demo accounts are also available. Live trading can commence with a deposit of only $10 and you can choose from various payment options.

The asset listing may perhaps seem small to some traders when compared to other brokers that offer thousands of trading instruments. Also, traders cannot automate their strategies using the provided platform and they do not offer the popular MetaTrader platforms which so many forex and CFD traders are already accustomed to.

Unfortunately, Olymp Trade are not regulated by any regulatory authority which will be very concerning for most potential clients as they do not have the same protection as they would from a regulated online brokerage. I think if they were to become regulated by a top-tier regulator, they would attract more clients considering the range of trading products and services that they do provide.

Olymp Trade Logo


Olymp Trade has a decent selection of CFD instruments to trade via a proprietary trading platform and modern trading app. You can access free educational content, get up to date market analysis and 24/7 dedicated client support.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

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