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Contents

Olymp Trade Review

Olymp Trade

Reason to avoid: No License

Listed Date: January 11, 2020

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Beware Olymp Trade is a Non-Regulated broker. It is NOT SAFE to trade.

  • Our Review
  • Olymp Trade User Reviews
  • Olymp Trade News
  • Company name:

Olymp Trade – Smartex International Ltd

  • Registration Address/ License:

St. Vincent and the Grenadines

Is Olymp Trade a scam or legit broker?

No, it is not safe to trade with Olymp Trade. Olymp Trade is owned by Smartex International Ltd which is an offshore company registered in St. Vincent and the Grenadines.

St. Vincent and the Grenadines is notorious for its practically absent requirements and regulations. Due to the setup cost is low and it does not regulate forex trading. Therefore, it became an offshore zone for shady forex brokers such as CapitalXP, Welkron and more.

The company claims to be one of the fastest growing companies that deliver access to trade to the client at any level, increasing its trading volumes daily and currently closes around 32M trades per month. Moreover, the broker received numerous awards, the world industry recognition for their services, options trading platform, fast growth, and innovations.

Nevertheless, the company operates without a proper license from the industry authorities alike FCA (UK) or ASIC (Australia) that protect clients and delivers necessary regulation to the service providers along with the convenience to the users and, of course, their investments.

According to the website, Olymp Trade a membership in the international Financial Commission (FinaCom). Even though the FinaCom is a well-respected organization, it is a self-regulatory organization which cannot guarantee the safety of the trading environment and does not regulate the daily operations of the company, therefore can’t provide necessary protection to the client.

From our source, it costs €24,000 per year to become a member. However, and there is no handbook or guidelines for brokers to run their business. Therefore, there is zero protection for traders. You can read our detailed article about the risk of trading with brokers from St. Vincent and the Grenadines.

We advise all investors and traders to avoid Olymp Trade and other brokers from St. Vincent and the Grenadines. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FXTM and FP Markets.

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I very often communicate with other traders, sit on forums and generally try to keep in touch by all available means. And that’s why I like when a broker can help me in this. For example, at Olymp Trade there is a whole group of social networks that allow traders to get acquainted with the trading terminal faster and quickly learn all the features and functions, it allows you to start working in the way you want from day one. Plus, this is a great way for beginners who do not understand what to do and where to run, and in tandem with experienced traders, they are able to immediately get answers to their questions and also become a professional who is well oriented in the market. This is a cool tool and a great opportunity.

If we talk about modern brokers, which I have been looking through in recent years, it is olymp that has attracted my attention as much as possible, because it has a huge number of services that can help both a beginner and a trader who has been trading for several years. Right here you can conduct market analysis and make transactions using dozens of assets from currency pairs to commodities and stocks. There is some incredible dynamics here, which allows me to work hard and quite actively, and that’s considering that I trade for about five hours every day. I think everyone can find something here for themselves, and there are good spreads and commissions, so you can give yourself the full freedom of action…

No news available.

174 responses to “Olymp Trade”

this is a cheating platform

seriously i almost started before i just met you guys thanks.

I will not agree with many of the reviews, because I have been trading here for a long time and I have never had any problems…

There is no problem to trade with olymp?

Once in a while there are some problem with this platform. Like this recently the candlestick changes color issues. But after many complaints were made, the Olymp Trade tech support team responded quickly to fix the problem. So y advise, with Olymp Trade you don’t have to worry about any problems as the tech support is very approachable and efficient.

Maybe you just need to learn to trade? My first year was in red, but I wasn’t complaining, I was training. Now I make enough money, withdrawing money on regular bases, and the company doesn’t complicate it. Although I withdraw quite big amounts. And they started to cheat on you for some reason? How’s it look?

Is it safe or not to trade with olymp trade?

Based on my experience I can say, that yes. This is not my first year of working on Olymp Trade, and I didn’t have any problems even once. Until I learned how to trade – I used to lose money, when I finally worked out the strategy – I started making money. The company wasn’t putting a spoke in the wheel, everything was honest and transparent from Olymp Trade’s side.

Comment pls hat Is the strategy

What’s the strategy?

Sorry can we talk via mail pls

Wow that’s good please if u wouldn’t mind lets talk on WhatsApp am new to this platform I need ur assistance or email me @ [email protected]
Thanks so much.

Did you got payment ? Can you prove that payment what you received from Olymp Trade!!

hi can you help me understand more about this trading in Olymp Trade?

Hi seliw I hope u see this message pls I can even pay u if u want I really need u to guide me on how to trade.thanks

Please what is the strategy

Please I want to trade on it who can help me

Can I link up with you for guidance. Soo I don’t loose money because I don’t have plenty money to loose. Lol

Pls what’s the strategy you are using to make profit on this platform? I really want to know as I am interested in starting immediately.

It is NOT safe to trade with Olymp Trade, since the company is NOT regulated and registered offshore. We always warn our readers to stay away from such firms and choose from the Regulated Brokers https://55brokers.com/forex-broker-reviews/

It seems people re making more money from brokers that re not registered though unsecured than those that are registered, d testimonies re rolling in

Hello Seliw, I am interested to learn more on how to trade on this platform, how can I come under your tutelage. My email is [email protected] thanks

Hello pls am new here
Can I get enlightenment on the Olymp trade??

Whatever it is, Olymp Trade is not a rich quick scheme or a gambling platform. Trading here is a serious business where you need to thoroughly study the current market before opening your trading position. To me, patience in trading is very important.

Hi Seliw! Can you mentor me, I am a new comer. Thanks in anticipation.

Please help me on how to use this trade

I suggest you go through some basics videos in Olymp Trade Global youtube channel. So many info you can find there.

So many times I’ve heard this. There is something wrong with the market data! Broker is a scammer! Someone is watching my trades and makes the market go in the opposite direction. You know what? Bullshit! As one famous trader said: “You lose money not because your mom used to spank you in childhood. You lose money because you either don’t have a trading system or don’t follow it.” So stop accusing Olymp. Better work on your trading style. Good luck!

Why you said that sir ? As far as I know, Olymp Trade never cheat. All my profit they paid accordingly. And if I have any issues, the customer support is always available to help me out. The trading chart reading is identical ti tradingview. So may I know at which part that they cheat?

How long do you get payment after withdrawal?

The promised period is 2-5 business days. But Olymp Trade will usually process the request within 24 hours. I’ve several times received my withdrawal money in less than 24 hours.

You should start with basic trading knowledge like technical & fundamental analysis or simply go for online trading courses like stock market & forex trading .if you don’t wish to spend a lot … that been said …. Even after learning the basics practice with demo account .. To over come that anxiety and fear of losing your trades you’ll have to trade with real money in live account … I don’t know about others but my experience with them has been very very good ….. You can make consistent profit you just have to learn everyday … & Most important you don’t have to make mistakes to learn from them …. You need risk management and a strategy ….Your strategies not other’s ….

Ohhh really but they just gave me a withdrawal of 3000 $ when I just invested 50 $ why would they do that …. Charity ..

Like seriously i was scammed two days ago 20k by mohammed usman on Facebook cause of diX fvkin stuff called OLYMP TRADE

Well, the broker has nothing to do with it, you can only trade on your own, I don’t understand, you gave the money to someone?

Can you give us vivid explanation as to why you called them a cheat, thanks.

They are scammers and thieves

Olymp trade cheats. I registered with them and I notice their platform is programmed to cheat. You can never make money with Olymp trade

How did you manage to notice that? Is there some kind of a red light on the platform that starts flashing and beeping: warning, warning, someone is earning money here!? I’m sorry, but if you really noticed that platform was meant to rip off the customers you would have provided much more details rather than just saying “they cheat”. Your comment sounds more like some competitor’s provoсation.

So which forex trading do you guys suggest??

Comment Area if tessline will come back by September its good to invest with them..

Comment Olympic trade is a scam, avoid it at all cost.

Well well… I made another withdrawal a couple of days ago, and it’s all OK. In fact, I’ve been doing it recently on a monthly basis, so if it’s a scam… well, at least I’m definitely not affected by it �� Am I the only one who earns here, huh? Are you guys all losing here, or what? �� But I guess I’m not doing anything special, just trading with a strategy, managing the risks, and all the stuff… That’s quite enough to make money on here, really ��

Comment please what’s the strategy? I just lost $300 and I need to get it back

Well, I guess I won’t disclose the details of my strategy to you, all the more in an open forum, lol. I spent months to elaborate it. You’ll also have to spend some time in order to learn trading, if you’re really interested in that. I’d only recommend you to start with learning the basics of technical analysis. Personally for me, trading by means of Fibonacci levels is very helpful. That’s actually the basis of my strategy. You can also try to experiment with them, and then you’ll know which way to go, as soon as you receive the basic experience. Just try not to invest too much money at once – remember about the money management. Or, alternatively, try trading with a demo-account at first ��
If you’ll immediately rush to win back your $300, you’ll just lose more. Do it smart, dude, learn to think ahead.

Hi, does Olymptrade provides monthly statement?
I could not find a place to print my loss and profit and more important, i need to print my withdrawal.

hi can you help me understand the process?

please what the strategy I want to know the strategy of trading with Olympic trade you can

Am a beginner can I start with $30 and get profit for the first time

Please, check the list of the Regulated brokers https://55brokers.com/forex-broker-reviews/ where you can start with depositing the minimum of $10-$20.

I started with a demo account while earning by when I invested in my live account, I didn’t have a chance to get profit, so is this platform real serious.

Pls I need u to teach me ur system of trading. This is my email.

Olymp Trade is legit guys. I made 3k USD in 3 days.

Can you teach me how it works please. I am new in the business. Thanks

Please can u teach me how to trade here am new please

you should read books concerning that matter

Please I need you to teach me a strategy on how to earn in options or forex please. I really want to make some money for myself and stop begging people for assistance.

We would advice you to choose from the Regulated brokers https://55brokers.com/forex-broker-reviews/. Olymp Trade is NOT regulated, therefore, you might just never get your money back after investing with this broker.

Please, check available Forex seminars and webinars, where you will be able to learn more about trading. https://55brokers.com/forex-webinars/
https://55brokers.com/forex-seminars/

Gd… Well guide me 2

I like the Olymp Trade platform. It is really convenient to trade on, especially with technical analysis involved. I haven’t seen any other trading platforms with such amazing service of technical analysis as here – and hey, that’s even for free! For quick analysis, you might as well use the main platform – it has all the necessary charts and indicators, but for some serious analysis you might want to switch to the platform specifically designed for this. It offers like hundreds of indicators and a great many of other tools, charts, and all this stuff. Personally I’ve never failed to find the necessary tool there.

অনেক ধন্যবাদ আপনাকে। আমি ও চাই আমার ভাগ্য পরিবর্তন করতে। আপনার সাহায্য কামনা করি।
তপন চন্দ্র শীল।

Olympic trade are scam’s

LOL, I really wonder what you could have told him to freak him out that much? :))) If you open the chat once again, there will be a different agent – you might set out your compaints about that Ibrahim fradrack to him. Or just ask the support to punish that rascal.:))) But actually, you’re pretty lucky – I always get exclusively polite and helpful agents! So hella boring, I can’t even find fault with anything…

Why you write so? You’ve traded with them? You have proofs? Or what force you to claim so? If you have proofs, than publish them and let all people see. Or you just have lost money and got mad? Personally I trade Olymp for 4 years and didn’t noticed nothing like this for all this time. So where is a truth?

The agent of Olympic trade Mr Ibrahim fradrack l start the platform with him he blocked me up on our chatting

Maybe it was an accident, write to olymp trade support, I’m sure you’ll get help.

Looks like a scam. Everything works fine in demo, as soon as you go live everything turns to shit. Chart freezes, prices zoom the other way to impossible levels so you can never end in the money. In fact prices just zooms the other way and freezes moments after places the “trade”. Its all fake.

What do we do now? How do we get out?

What do you mean – “How do we get out?”? And who’s actually forcing you to stay? If you don’t like it, don’t trade, I don’t see a problem. Trading is really not for everybody – some people can learn and gradually go into the black, while others give up at the earliest failure and start screaming that it’s a scam and one will never earn here. It seems that you belong to the second category…

You mare definately right, when.people flock in with excitement and know underdtsnding soon then vall it a scam, just fuckoff and fins descent dailly job. My advice is make money and withdraw and submit all verification and then wait for for your withrawal and then you can come here and say scam or not

Then just say Mr. Manil ; what is the actual process of trading? and if you are able please giving a prrof to us that how much money income through this? This will help us to trading in this platform.. can you help ?

hi there i face the same problem like the chart freezes, prices zoom the other way to impossible levels and support live chat box that doesnt open when you click, and when you call the staff they couldnt answer all your questions and they pass to one another arrggh. bad experience for me. I give up with olymptrade…really i loose a lot my money here but i still stay with them hoping that things are going to get better but too bad… they have done so well with the platform upgrading and so on but they cant secure their plarform. i already request for closing my account.

I’ve been working at olymp trade for a long time and I’ve never faced anything like this, maybe you should update your browser, sometimes it’s because of this that everything hangs and deals are executed late…

Unfortunately, I m still learning the process. I m yet to understand everything, but I have great determination to do so. So far, I have been trying both sides-the demo and real account. I believe the platform is good for those who are patient and willing to learn. I strongly believe that given the risks involved in trading, one has to practice enough for the process. Nothing good comes on a sliver plate!

Everywhere page I open that has to do with binaryoption or forex investments all have great customer reviews but when I tried investing with binaryoption, from plus option, to binomo to IQoption, I lost a lot. I still have someone helping me with my trades but I keep losing and now they want me to invest more money. I need to speak with people who have invested and had similar situations. Please reach out to me on my username

Invest $500 abd I would double it 07051256071

i have never experience any of the negative mentioned in most of the comments
i have tried Olymp trade and made some money and also withdraw the money withing three working days,

i am looking for a winning strategy to make money on the site

do u have a strategy

How were you able to achieve that goal?

I need a help on how to trade safe

Olymp trade has been operating for years and I am surprised to hear that they are a scam broker. Most new traders feel losing a trade or all their investment is foul play from the broker’s side.I will believe that plump trade is a scam broker if someone was not able to withdraw their profits that they have made with the broker.

For traders who are still struggling to make profits in trading, I recommend you invest more in your education rather than heading straight for the markets.

There’s a book that changed my life when it comes fired trading, titled “Price Action the ultimate Indicator:Money Never Sleep by Fillemon Helondo” It comes pricy but you won’t regret your purchase.

I wish you a happy trading all

Today it’s almost a year that I’ve been trading on Olymp Trade platform. So it’s time to sum up:) Concerning the pros, I can say this platform is really classy – I mean, it is convenient, with a user-friendly design and all that is needed for trading; and at the same time, it doesn’t contain those kinda “”professional”” things that just confuse you but never-ever come in handy at all. I guess the payout rates on deals are also pretty high – you know, I occasionally watch reviews of other brokers and never saw rates that would be considerably higher. In general, the rates of competing companies are either lower or roughly the same. Besides that, I really liked the training. Attending webinars from the very beginning was cool, I learned much useful material. Can’t even imagine how much money I could’ve foolishly blown in the very beginning if those webinars hadn’t taught me the basics of trading ��
As for the cons, I’d note only that you have to withdraw money in the same way that you made a deposit previously. You see, I made a deposit with an e-wallet, for I didn’t really know where to apply that money anyway. At the same time, I wanted to withdraw money directly to the credit card, but this isn’t the way it works. So now, I’ll have to make another small deposit, this time with my credit card. It’s no big deal actually, there are no commissions for that. Just…a bit inconvenient, you know.

I am new in trading but i use to play iq demo it was a little bit complicated for me i then tried olymp trade i found it simply and interesting i made my first deposit and started to trade for really money i lose my money like i nerver practice but i didn’t gave up i came back with new strategy i made money in olymp trade and i tested my first withdrawal i was shocked and ver happy to receive my money .the process of withdrawal took two days.but guys if you say olymp is a scam you are disappointing me i still get money in my account there

Don’t worry, Mafika. People losing money on financial markets often blame third parties for own mistakes. Their broker for example. You’ve learned your lesson, developed a responsible attitude to trading, so don’t worry about OIymp’s critics. Just remember, your success is the product of your own discipline and persistance.

How much money you are getting in your account now??

I’ve been trading with Olymp Trade for more than a year. In general, it’s all fine. Of course I don’t always manage to receive profits, trading in the red is not such a rare phenomenon. At the beginning of my trader path, I did lots of silly mistakes that I could’ve easily avoided �� However, I’ve learned from my own mistakes quite a lot, so it helped me get where I am now. At the moment I’m trading in the black and gradually growing my capital. So far I’m not planning to leave the platform, especially that it is also developing and getting better. Much like my trading skills, naturally ��

So far,I have been reading through the comments and a bit confused on which way to follow now. the truth is that I just need to know which is the better trading platform to start investing on. I use the word “better” because in business there is no perfection. please I really need a sincere and genuine response asap. thank you!

What are your impressions of using OlympTrade?

I have been trading here for 3 years. I like the platform. I believe that I am a trade professional �� If you have any questions, you can ask them. I will help you deal with the platform, although it is easy to use.

Comment owiras I have questions for you about olymp trade,send me mail on [email protected] so you can tell me more about it

Comment Area Tell me about your strategy

Please kindly teach me the strategies to use on olymp trade

We would advice you to choose from the Regulated brokers https://55brokers.com/forex-broker-reviews/. Olymp Trade is NOT regulated, therefore, you might just never get your money back after investing with this broker.

Please, check available Forex seminars and webinars, where you will be able to learn more about trading. https://55brokers.com/forex-webinars/
https://55brokers.com/forex-seminars/

Iqoption is scam platform. They manipulate the trendline if you are in profitable position in binary option.I donot know about olymp trade. I just created account

This article is not about Iqoption XD
Be careful what and where you write.

OLYMP TRADE is a good trading platform. I have been using this for 2 years now. If you understand that this is not an easy way to make money, then you will earn. If you want to make money, you must have analytical approach. If you do not have analytical mind, then I advise you to forget about making money on the Internet. You will lose your money.

I recently learned about OlympTrade platform, started to read the reviews and noticed, that there are many contradictions in reviews. Then I decided to try trading on the platform just for myself and find out what’s a lie and what’s true.
Now I can share my impressions.
You can trade on the platform through the mobile application or the computer. The mobile version has many tools as well as a full desktop version, I think, they fully substitute MT4.
There is a separate window for technical anaysis, there is a widget of free signals, which I liked a lot. There is a separate training section for those, who are just starting. I watched a few webinars and was satisfied with it! If I came across something similar in the beginning, I think, I could succeed earlier.
After watching a webinar, you can try the strategy on the demo-account right away, therefore the theory always will be supported by the practical part, and it will bring some good results.
And after you will be trading and receiving the income on a demo account, you can try to create a real one by depositing just 1$. Making a deposit is a simple and clear process, the money will be accepted in a few minutes. The withdrawal is also fast, the broker promises to withdraw the money within 24 hours, but I received them in approximately a few hours.

I’ve learned about Olymp Trade a few years ago. Back then my brother was passionate about the trading on the market and showed me this platform. I forgot about Olymp for a year, and half a year ago I remembered it and decided to test.
For the beginning, I created a demo account and started getting to know the platform. Then I found the community of traders on facebook and started to communicate with them at the same time learning their trading strategies and some small lifehacks.
At the same time, I was watching different webinars and read much information about the market.
Two months ago I switched to the real account. And yesterday I made my first withdrawal. I didn’t have any problems with it, everything was very fast.
So I’m happy with the platform and recommend it to all!

I have a demo account in Olymp Trade. I watch strategies in youtube and try in demo. I think this platform is very easy when you learn how to do it first before starting in a real account. I’ve plan to start trading this year. May God bless us all!

I hesitated to write a positive review about my broker, because.. oh well, I’m just lazy. But you see, a friend of mine has just lost his monthly salary equivalent because the broker he used (may his name be excluded from Google cash forever) cheated with market data. There was a huge spike which swallowed half of his deposit and sure enough you can’t find this spike anywhere else. Neither at Trading View delayed data, nor at other data providers. I’m sure this broker did this before too, it just wasn’t that obvious.
I’ve always been telling him to switch to Olymp Trade but he never listened. So I’m just trying to prevent as many people as possible now from the same mistake my friend did.
Olymp offers decent spreads and commissions policy and it doesn’t swallow all of your profits if they happen to occur.
Their market data is honest
Funding accounts is easy
Tons of instruments to work with
Withdrawals of profits go smooth (you’ve been waiting for this one, ha?)
Trading platform is stable and convenient
Do I have to go on?
You see, lots of people get stuck with their trading simply because their broker does not allow any profits to come in. There are tons of measures they can take to prevent you from profiting and you will never know. Discipline, emotions, proper systematic trading… yes, people often lack this but success on the market is not limited to these things only. Broker is your nearest partner in this journey to financial freedom, so you’ve got to choose this partner thoroughly. Please don’t run into same mistake my friend did, wasting months or even years of your life fighting with the windmills your broker puts on your path. I know for myself that Olymp is my dear Sancho Panza and he never let me down. I’m not telling you to go with Olymp only. I just wish yall to find the partner you trust as much as I trust mine.

Can’t say it was easy, but I did it! I’ve withdrawn my first profit from Olymp Trade. It all looks very easy when you watch these commercials or even trading tutorials. In fact trading digital options is a difficult job. You have to be prepared to some failures before you finally learn to identify the mood of the price: where it wants to go, what is the tendency. I tried following some other people’s advice but it never worked out well. Only after I learnt myself to trade thoughtfully and pay enough attention to price studies, then only profits came in. I’ve started with $100 and withdrew my first $300 finally last week. For someone this amount sounds ridiculous, For me this is the first step on the path to financial freedom.

That’s nice bro please am new into it pls would you help me on how to understand its work WhatsApp +2349035189557 or email me @[email protected] Com
Thanks so much.

Can you all guide me to success as I just created account with Olymp. WhatsApp me through: 07034032995. Thanks alot

They are not truthful, Indeed after trading with them for some weeks on the the real account. they got up one day and denied me access to my account. I had written to them without any response

First of all you need to find out whether you’ve completed the verification process on your account. This can be the problem. Once verification if completed, your account will get unlocked and you’ll be able to withdraw profits anytime with the verified payment method. You’ve got to pay attention though,that its only possible to withdraw the money using the same payment method you funded your account with. This policy has something to do with the anti-money laundry act.

I have not make any deposit into my trade account because i am a newbie. I would like a person who knows how to trade come teach me to avoid losses of money. [email protected]

In my opinion Olymp Trade has got the most advanced trading platform among all online brokerages. I know many of them use MT4, but I absolutely hate MetaTrader. OT browser-based trading platform has got charting tools, indicators, different timeframes and you can also choose the preferred bar types including Heiken Ashi bars. Pending orders and stop losses are available too. Simply love it!

I am new in this Olymp trade platform. I need some assistance please, anybody to share with me the trading strategy?

We would advice you to choose from the Regulated brokers https://55brokers.com/forex-broker-reviews/. Olymp Trade is NOT regulated, therefore, you might just never get your money back after investing with this broker.

Please, check available Forex seminars and webinars, where you will be able to learn more about trading. https://55brokers.com/forex-webinars/
https://55brokers.com/forex-seminars/

By the way it sounds and considering the long list of the brokers you’ve tried working with it occurs to me that the cause of the problem lies not in the field of one or another broker’s competence, but in the trading system you use. Well, most likely I would not be mistaken if I said there is NO trading system in your approach to digital options market. You can’t start making money with guessing where the price will go. It’s all about statistics. If market conditions are such, then with 65% probability the price will go up. Something like this. You don’t have to guess correctly 100% of the time. You don’t need to guess at all. You just need to exploit the statistical advantage.This is the only path to be successful on the financial market. If you don’t know how to build your first proper strategy, then try some of Olymp’s educational programs. They will teach you the basics and once you know your edge, you will transform one of the strategies to suit you best and bring you more money.

I am a risk taker olymp trade here i come whether you are a scammer or not…………zvimwe zviyedzwa lol.

If you try, you will realize that this is stupid slander. The company is very reliable and has a very responsive service. I had several problems with the company, but everything was resolved quickly and Olymp Trade proved to be the best. Of course, sometimes problems arise, but the main thing is that the company is working to resolve them. Many people faced with a problem do not try to solve it calmly, but begin to pack up and look for various slander about the company.

I have been practicing with the demo account and watching staff on YouTube to learn. I can say I am improving. I have given my self a Target to earn a month. If I can find a strategy..through practise that will maintain this amount for 3 months, then I will trade with the real account. Its better to try things out to know for sure.you can base money decisions on hearsay.

Convenient platform, excellent support that answers all my questions fast and in a professional manner. I like the variety of instruments that they’ve got. I wish all of these instruments had same payout rates, but oh well.. Money withdrawals are fast once you complete the verification process. Usually I get the money the same day I do the withdrawal request.

Yeah I want to know about the strategy. Thanks

Olymp trade is great some dumb fools don’t just get it have been trading for two years and I earn $800 everyday of my life I own my house, am a cars owner and am happy thanks to olymp trade

May I know which broken firm to invest into that is not a scam

Dear Manson,
You can check our list of the Regulated brokers https://55brokers.com/forex-broker-reviews/ and you will definitely find the one that fits you!

Hi mate, I’m trading with Olymp for more than 4 years, so may suggest it from my own experience. I’ll briefly describe you the main pros and cons. Pros include regulation by Finanaclial Comission (Finacom), if you will lose some money cause of brokers fault, this regulator will give you a compensation. Also, Olymp is fast in terms of making deposit and withdrawing money. Deposit usually takes around 1-2 min and withdrawings take around 24 hours. There is also good trading platform, I find it easy to learn it, it’s quite native. However, there are also cons, including comission fees for opening the deal. I understand that it’s pay for excellent service, but I think you should know it. Overall, my experience is only positive and during 4 years I never face any problems and made more than 35 withrawals.

I am not going to condemn about Olymp Trade because to be honest , I did gain some profit using this platform. This platform is not perfect but I think it has sufficient features that the traders especially the beginners need to start the trading.

However with the latest update that they just did, I really feel turned off because there are several features that are not functioning well.

I really hope that they will change it back to the previous version which is way better than this current one.

Pls Can u coach me on it so I can be successful like unpls

Dear Gideon,
Please, check available Forex seminars and webinars, where you will be able to learn more about trading. https://55brokers.com/forex-webinars/
https://55brokers.com/forex-seminars/

To tell u the truth , I spent a lot of time on youtube learning about other traders’ strategies. Some strategies work some don’t. That is why it is very important for us to choose a strategy that we feel comfortable in using. And then stick to it. Don’t change it too freequent.

Trading is an area where warranties are needed. When I chose a broker, I was looking for a company with a reliable reputation and membership in an internationally recognized regulator. Olymp Trade is a member of the regulator of the International Financial Commission (FinaCom). The regulator is very important if you trade in excess of $ 500, as it provides deposit insurance. I’ve never needed this, but the essence of insurance is precisely what would act in the future. Of course, you can choose an incomprehensible broker that exists for a couple of months and does not have registration in the regulator. But if you have any problems, then you will be left alone with them. Olymp Trade protects its customers, if you have a dispute with the company, you can always contact the arbiter and resolve it in the correct order. In order to better understand this, you need to know that if problems can arise, then due to technical failures or errors of company employees. And if this happens, you can always solve the problem with Olymp Trade or FinaCom without any problems.

Idiots, they are real scammers. May God punish you all. You will perish and die a terrible death insha Allah

Oh-ho-ho, have you got any proofs? Or you just plaming for nothing? I’m trading with Olymp and it’s reliable broker, that never delay withdrawals. Moreover, usually I withdraw money at least one time a month. And I wait around 18 hours each time. If you have proofs – you’re welcome to show it. However, if you just want to hate trader, don’t write anything. There is the only reason, that can explain your bahavior: you lost money gambling and now blame Olymp Trade

For me, trading is a hobby and I trade exclusively in a mobile application. Options trading on the Olymp Trade platform is also available through a mobile application that can be installed on any device. The application works with a single account in the company and has a convenient interface. Yes, the company had to cut some functions in order to achieve smoothness and speed, but at the same time the platform works very economically and does not discharge the device. If you don’t need all the indicators, then the Olymp Trade mobile application is very usable.

I am interested in olymptrade no matter what is said about the broker. I have done the demo trading for a long time and have read a lot of testimonies so I can’t go back.
But I can’t make a deposit b/c I don’t understand how to, since I have not done it before. I need help. Which method did you use. I need help please.

We would still advice you to choose from the Regulated brokers https://55brokers.com/forex-broker-reviews/. Olymp Trade is NOT regulated, therefore, you might just never get your money back after investing with this broker. That’s the difference between the demo account and the ususal one, since you do not trade your own money with the demo account.

Deposit methods vary from country to country with Olymp. If you press the deposit button in the menu sections of a trading platform, you will be automatically redirected to the page with all the payment methods listed there. Just choose the one you prefer and follow step by step instructions. It took me less than 5 minutes to deposit via credit card. The account balance showed up in a platform immediately and I could start trading right away.

Pls I have put my withdrawal request..and its been 5 days nw and I haven’t seen my $100

You can try contacting your personal manager regirding your withdrawal process. If there is no reply from the company managers, you can try reporting to your local authorities.

I’m interested to join the trade, what will I do

Just go to olymptrade.com and fill in the simple form. You don’t have to deposit any money yet. In fact i recommend that you spend at least 3 months in the free demo account. Sharpen your skills , understand the usage of indicators etc…

Learn about indicators first. You have to know at least 2-3 indicators. Be familiar with the usage. If you do not know any of these indicators, it is just as good as you are gambling. You will only tend to press the red or green buttons for trading. That’s a very wrong way to trade.

Olymp Trade Review – Is it SCAM or LEGIT broker?

OlympTrade

  • Great customizable platform
  • Low minimal deposit
  • Beginner friendly
  • Free demo account

OlympTrade platform is a popular online trading platform, and has been serving customers since 2020. But what makes Olymp platform a reliable choice for many investors out there? There are a number of reasons why Olymp Trade is the choice platform of many informed and experienced investors out there.

  1. Security and reliability of the platform. As a leading investing platform online, Olymp Trade is considered an A-recognized member of international Financial Commission, an organization that secures the interests of investors. Since the trading platform is a member of this organization, unlawful acts are covered up to $20,000, which is sourced from the Compensation Fund.
  2. Minimum amount required to start investments. The minimum amount to deposit to start trading on this platform is $10. This means that almost anyone can join the platform and become a trader.
  3. Easy access to training and educational materials. The training and helpful resources are open to all members of this trading platform.

These are just the reasons why it’s this platform is popular among many investors, beginners included. I think that OlympTrade works the same way as IQ Option – profesional, reliable and real trading. If you are still interested as to why this platform is highly recommended, then we suggest that you read this OlympTrade review.

OlympTrade’s professional trading platform

Compared to other investing platforms out in the market (such as Binomo‘s), the Olymp Trade is a customized platform that was designed by experienced programmers, traders and financial analysts. The team also continually improves on its services, so customers can count on a platform that is working 24/7. The ability to customize is actually one of the best selling points of this platform. For example:

  • You can choose how the charts are shown, for example it can be displayed as a line chart, candlesticks or using Heiken Ashi
  • Vary the colors of the chart

This is what you will see right after logging for the first time – Demo account ready to go!

Aside from the visual effects of the charts, the technical settings can be configured as well:

  • Change the time frame from 25 seconds to 1 month when using the area chart, and change from 15 seconds to 60 minutes when using the Heiken Ashi or Japanese candlesticks
  • Use oscillators and indicators for accurate reading of the charts

Special Features of Olymp Trade

Olymp Trade is considered a trading system that makes use of an online trading platform. The features and functionality offered respond to the needs of the customers, and most of these features will generally appeal to investors who are just starting out. Compared to other popular platforms in the market, Olymp Trade provides free registration, and all new members and investors are given 10,000 credits. The free credits can be used by the new member to try out the system and investing platform. Through the use of the demo account, customers can explore their trading skills and try out a few more strategies before trading for real money. The only thing an investor may notice is the absence of incentives. Instead of the usual perks, Olymp Trade provides low investments and starting trade.

OlympTrade Offers a Demo Account

It should be kept in mind that the platform also provides customers with a free demo, with 10,000 virtual dollars and this is given to the customer as soon as the account has been made. The free demo capability of this platform is welcome news for the beginners since they can try out a few trades. Also, there is no time limit to consider when using the free demo. Investors and customers of this platform can practice all they want without having the need to risk the money.

Trading Terms Customers Should Know

  • Minimum deposit amount: $ 10. Deposit $ 2000+ to upgrade to a VIP Account.
  • Minimum amount required to trade: $1.
  • Maximum amount to trade: $ 2,000 for standard account holders and $ 5,000 for VIP traders
  • Successful trade payout: 82 % for standard investors, 90 % for VIP-account holders
  • Minimum allowable withdrawal: $ 10
  • Withdrawal times: Takes 24 hours for standard account holders to a maximum of 3 days, and a few hours for VIP investors
  • No withdrawal fees
Broker Bonus Min Deposit Payout Review Open Account
FREE DEMO ACCOUNT $ 10 82 % for Standard, 90 % for VIP accounts* Review Trade Now!

At Olymp Trade, investors and customers can count on friendly terms which can be helpful in making the trades. When using the service, investors can count on minimum investments and faster withdrawals.

Banking and Withdrawal Options

Olymp Trade provides its customers with a number of options when it comes to deposits and withdrawals. When it comes to deposits, investors can choose from the following list of payment processors:

  • E-wallets like Web Money, Neteller, Skrill, Bitcoin, Qiwi and Yandex Money
  • Use of Visa and MasterCard
  • Boleto, for customers based in Brazil

Withdrawals can be made from these payment processors as well.

Here’s a note when using the banking option of this platform: you can make a withdrawal from the platform where you have completed the deposit. The maximum waiting time for a withdrawal request is 3 days, but the platform strives to complete the withdrawal in the fastest possible time. If you are a standard account holder of this platform, then the average waiting time is 1 day. But if you are a VIP member of this platform, then the average waiting time is just a few hours.

OlympTrade In India and Pakistan

This broker is really popular in these countries last year and we are getting more and more questions from Indian and Pakistan traders. So If you are from India or Pakistan and you are wondering if it’s possible for you to register with this broker, respond is – yes, you can trade with this broker! OlympTrade accepts Indian and Pakistan traders.

And what more – this type of trading (options trading) are still attracting more and more people from these countries and it became a way, how they make money for a living.

As it is written above, you have many possible ways, how you can withdraw/deposit to this broker (visa, MasterCard, Astro pay, Neteller, Skrill, Qiwi, Yandex money, web money, etc…). So you don’t need to worry about this – there is always a way, how to deposit and withdraw your money from the broker.

OlympTrade in Nigeria

We are also getting a lot of questions from Nigeria and it’s kinda similar to the questions we are getting from the Indian and Pakistan traders. So – If you are from Nigeria (or another African country) you can trade with OlympTrade – it’s allowed.

Deposit and withdraw methods are same as for any other country. For possibilities – check above.

How to verify your account?

If you are from Nigeria, India, Pakistan, UK, whatever, the process of verification is the same for everybody on this planet. We are getting more and more questions about “how to verify my account”, “what documents do they want” etc… Please read this below carefully and keep in mind, that the process of verification is still the same and same for everybody, so you don’t need to worry about anything! Let’s go.

So to complete the verification (to withdraw your money) you need to send these documents:

  1. A photo where you hold your passport/ID card in expanded form and where they can see your face and the details in the passport/ID. It’s like a selfie with an appropriate document – nothing more. Note that the photo must be from your shoulders up and it must be easily seen (no blurry). Like on the image below.
  2. Then you need to send them also the photo/scan of the appropriate document that you want to use – ID or passport.
  3. If you used for the deposit a credit card, you also need to send photo/scan of the card from which the payment was made. On the card, the first 6 and last 4 digits, name and surname must be seeable. The validity of the card and the rest of digits can’t be seeable (cover it). The reverse side of the card doesn’t need to be present (they don’t need it).
  4. If you used for the deposit an electronic wallets – A photo/screenshot of the personal electronic purse (Skrill for example) need to be also sent (screen the detail of your account). The information you need to provide is – the picture of number, owner’s name, and the second photo/screenshot must be of that right money transfer (that one your transferred money to OlympTrade).

Where to send the documents?

Upon receipt of the verification request, all the necessary documents must be sent to the e-mail – [email protected] together with the login (the login is the email address) you put during registration.

How long does verification take? Processing of the documents takes up to five business days. And the result of the document verification you will find on your email because you will receive an email with notification about the result.

That’s it – If you need to help with the verification, let us know and we will try to help you.

Types of Accounts Available on Olymp Trade

  1. Demo Account. This account is provided for free, and each account will be assigned 10,000 virtual units. Interested individuals can simply sign up for an account on the website.
  2. Standard Account. A minimum of $ 10 or its currency equivalent is required to enjoy this account. Under this account, investors can trade at a minimum of $1, and a maximum trade worth $2,000. The maximum possible profit that one can get is 80-percent of the investment made. When it comes to the withdrawal of funds, the minimum amount that can be withdrawn is $10 with no set limit for the withdrawal. Withdrawals can take an average of 1 day, with a maximum waiting time of 3 days.
  3. VIP Account. To take advantage of this account, interested investors must deposit $2,000/or its currency equivalent. For this account, the minimum deposit required here is $2,000, and when it comes to trading, the minimum is set at $ 1 and the maximum is set at $ 5,000. Aside from faster withdrawals, VIP members can count on a number of perks. If you sign up for this account, you get the assistance of a VIP consultant and you are given access to leading financial analysts and other trading tools.
Broker Info Bonus Open Account
USA Allowed No
Assets:
Payout: 82 % for Standard, 90 % for VIP accounts*
Demo Account: Yes
Min Deposit: $ 10
FREE DEMO ACCOUNT Trade Now! Read Review

Helpful Trading Tools

On top of the standard tools that are offered by the website, Olymp Trade also offers other friendly tools that can promote a satisfying trading experience:

  1. Support for cryptocurrency. This platform is known for its proprietary Cryptoindex, and this is complemented by Bitcoin, Ethereum, and Litecoin. You can trade these assets anytime, and are known to provide better return of investments.
  2. Trade cancellation. If the trade is not going your way, this platform gives you the chance to order a cancel trade. If this option is exercised, customers can get up to 60-percent of his investment.
  3. Pending trade tool. This is a result to sell or buy a particular option within a set time, or when an asset has reached a targeted price.

Education and Training Within your Reach

If you sign up for an account with Olymp Trade, you are given the chance to access free resources that can be helpful in your growth as a trader. All members of this platform can use:

  • Interactive course
  • Webinars and video tutorials
  • Recommended strategies by top financial analysts

Our Educational Materials

If you don’t want to be dependent on your broker, you can simply go through our wide range of educational materials we prepare and offer on xBinOp.com. Click a button below to see more!

OlympTrade on Social Media

Olymp Trade is one of the popular investing platforms that makes use of the social media. Social media platforms like Facebook and YouTube are used to the company’s advantage, and these platforms are used to distribute learning materials and resources to its members.

Traders and interested students of investing can watch live stream on Facebook, or join webinars that are hosted on YouTube. With the use of the platform and the availability of massive educational resources, we can say that the Olymp Trade is a helpful platform for all types of investors. Today, the website is considered home by more than 6.5 million users, and more than 20,000 traders are active on a daily basis.

OlympTrade Pros

  • Great customizable platform
  • Low minimal deposit
  • Beginner friendly
  • Fast withdrawal times

OlympTrade – Review author

More about the author Step

I’ve wanted to build a business of some kind and earn money since I was in middle school. I wasn’t very successful though until my senior year in highschool, when I finally started to think about doing online business. Nowadays I profitably trade binary options full-time and thus gladly share my experiences with you. More posts by this author

OlympTrade Details

✅ Broker OlympTrade
✅ Website URL www.olymptrade.com
✅ Founded 2020
✅ Trading Platform Custom made platform
✅ Minimum 1st Deposit $ 10
✅ Minimum Trade Amount $ 1
✅ Maximum Trade Amount $ 5000
✅ Bonus FREE DEMO ACCOUNT
✅ Payout 82 % for Standard, 90 % for VIP accounts*
✅ Free Demo Account
✅ Regulated
✅ Regulation Regulated by FinaCom
✅ Account Types Standard (10-2000 USD Deposited), VIP (2000+ USD Deposited)
✅ Account Currency USD, EUR, BRL
✅ US Traders Allowed
✅ Mobile Trading
✅ Tablet Trading
✅ Overall Score 4.9 / 5

Open Account!

157 Responses to “Olymp Trade Review – Is it SCAM or LEGIT broker?”

That is a surprisingly low threshold for getting VIP account at Olymp. I’ve learnt that VIP customers get better payout rates at Olymp, not only personal assistant. 92% or 82% seem to make not that big difference, but in fact it is a huge difference that these 10% make. Unfortunately I don’t have that much spare money yet. My plan is to turn my $500 into $2000 and become a VIP client this way ��

Hi there. Its been apx 2 months now im trading with Olymp. I have no problem with Olymp so far. They have paid me for all the withdrawals so far on time. I had made apx 3000% profit within this period and all things are well. But the only problem i have with Olymp is the Trading limits. Whenever i try to execute trades with higher amounts, the account automatically get restricted. Then i wont be able to trade for cpl of days. When i tried to contact the Customer Care, they are asking me to trade with 1$-5$. But i want to give orders in 3 digits, and not one digit. Can some one help me to understand how to overcome this issue.

Can i conform that it will continusoly trade the account from different commedities ? and withdrawal amount should be initiating late to bank/card?

Hello am from Nigeria if I start trading with 10 dollars how much am I going to make as profit

Hi, this is Brayden (name changed). I have been trading with Olymp Trade for the past 41 days. My total investment is 73$. The best part is that I had already made my first withdrawal of 110$ and it got credited in my bank without any issues. So the best thing is that my capital is secured. Now I have $400+ in my account. I have ordered for a withdrawal of 150$, and its been 3 days now with a response from them that they are investigating my account to check if I have violated the law or not. Let them investigate if that is part of their process. I have no major complaints with Olymp so far. Some inconveniences are there everywhere. Even though I have secured my capital, I’m looking forward to make some profit and withdraw them. I’m currently working as a full-time trader. So ill be happy if things go well. My advice is that just study and understand the market and go ahead. Do not gamble. Demo trade first, and then invest a small amount and trade and learn with live money. Im in the forex industry for 12years. I’ll post a detailed review after 3 months of my usage with Olymp.

I come from Tanzania, I want to invest but I have no passport card

Don’t do it…..
Short answers for this question are not enough…
Let me give you brief about the realtime experience with olymp trade…-yes it may provide you some amount as winning amount in beginning…
But then after 3 4 wins and few losse ..
You cm to realise that… its actually a big hoax…you are fooled in the name of trading… you are simply playing bets for the trade going up or down….again , the app does every possible thing to catch you at your most vulnerable points of mobile usage like… screen lock, network loss, application switching and all other similar aspects… if you are in the middle of a trade and unfortunately your screen gets loked or so… when you switch on your screen, all your trades will be lost… this happened every single time when i had to lock my screen while trading.. infact i used to trade multiple bets in single go.. they all vanished without the trade being complited…
The same happens when you relode the app after app switching and network loss situation.

Also the app reads your psychology and trade behaviour and starts snatching money with altered algorithmic strategies.. at the end of the day… you will have nothing in your pocket…
In short.. beware..

They are big Cheaters…

Hello, do you have some bad personal experience or why you are saying this? �� Let us know. Thank you.

Olymp Trade works since 2020 and offers services in various markets. Personally, I have been working with them for 2 years and so far have not noticed any deception. I don’t know where you got it from, but it seems to me that either from slander on the Internet or from negative experience. If this is simply based on others thoughts, then this is bad, because you are simply misleading people. If you have a negative experience, then share trade does not offer guaranteed earnings or golden mountains to everyone, they offer a high-quality terminal and a set of tools for traders, as well as training for beginners. I am very sorry that often people perceive trading as a place where anyone can get rich, this is not so. But the brokers themselves are largely to blame, who in the 90s and 00s positioned trade as an opportunity to become rich. And many come to trade without learning, and then lose and blame respectable companies like Olymp trade. Just in order not to lose money, you need to study hard for a long time and not wait for millions on the first place.

Where to study and how to study olymp trade

Expert Option Review: Complete Beginners Guide

In this Expert Option Review, we will take a look at a broker that offers clients the chance to invest in instruments such as digital options.

The broker offers traders the chance to trade over 100 different assets including a range of different cryptocurrencies. They have been around since 2020 and have a wide range of opinions online.

The key question is whether Expert Option is safe and can it be trusted?

In this comprehensive review of Expert Option we will go over everything that you need to know about the broker. We will dig into their history, regulations, customer service and fees.

Overview

Expert Option was started in 2020 and is owned and operated by Expert Option Ltd.

The company is based in Saint Vincent and the Grenadines. There office location is 1510, Kingston, Suite 305, Griffith corporate centre. If you wanted to find more information Expert Option then you can look up their company number with registration number 22863.

Expert option also has a company that will process the payments for the brand and that is Vestede Limited (company no 116061). They are based in Gibraltar.

The company offers Digital Options instruments on numerous different assets. Digital Options are essentially options that will have a binary outcome on expiry.

What really stands out for expert option is that they have developed their own trading engine and platform. This is contrary to the usual practice where brokers would outsource their platforms to an external technology provider.

Is Expert Option Safe?

This is perhaps one of the most relevant questions when it comes to choosing a broker and completing a review. There have been too many examples of brokers in this industry that have operated in a less than stellar manner.

There were some concerns online about Expert Option given that the company was registered in St Vincent. We asked Expert Option about the reasons for this and they stated that it was for tax efficiency reasons. Whether this is the only reason for it, we cannot tell. However, there are many exchanges and brokers that have made similar choices.

For example, some of the largest cryptocurrency exchanges operate in offshore locations. The Binance crypto exchange is registered in Malta whereas exchanges like BitFinex, which is one of the biggest, is registered in Luxembourg.

One of the most important factors that you need to consider when you are about to trade with a broker is their regulations. What jurisdictions are they registered in and what client protections are there?

In the case of Expert Option, they are certified by the Financial Market Relations Regulation Center. This is a non-governmental voluntary oversight body that is located in Russia. You can view their licence certificate over here.

They are also regulated by the Vanuatu Financial Service Commission. This is a relatively new regulator that has started offering financial service licences to offshore companies. You can read more about their client protections on this website.

We could not find the Vanuatu licence number on their website or independently verify their registration there.

Another really important factor when you are considering a broker is whether the information that you send them is secure. Encrypted communication is now the standard among brokers and financial websites.

Why is this important?

Well, given the prevalence of sophisticated hackers these days sending information such as credit card details and personal documents is really risky. That is why you have to make sure that the broker uses the latest standards in SSL encryption.

Expert Option is SSL encrypted and you can see this by observing the green padlock in the browser window. This means that all of the information that you send to Expert Option’s servers is encrypted using AES 256 encryption.

It is very important that when you are visiting Expert Option’s website that you see this green padlock on the site to make sure that you are not falling victim to a phishing attack.

Expert Option Assets

As mentioned, Expert Option has a range of different assets that you can trade options on. These range from the more traditional asset classes such as Forex, Equities and Commodities, to the new and exciting cryptocurrency field.

With Fiat currency trading pairs, you have all of the major crosses including AUD, USD, GBP, NZD, CAD, EUR and CHF. With equity instruments you have some of the most interesting companies such as Amazon, Baidu, Coca-Cola and Tesla. There are three commodities that you can trade and they are Gold, Silver and Oil.

On the digital currency side it seems as if Expert Option has gone all in. In fact, they have more cryptocurrency pairs than they have of all other assets. Below are all the crypto pairs that they provide on their platform.

Tradable Instruments

As mentioned, Expert Option is a Digital Option platform. This means that the tradable instruments are derivatives that get their value from the underlying asset price.

Digital Options work in a similar way to traditional options in that they have an asymmetric pay-out. This means that unlike CFDs and Futures, your gain / loss is capped by a predetermined amount.

Options, unlike futures, give the holder the right but not the obligation to buy or sell an asset at some predetermined price in the future. If you enter a CALL option you are going long the underlying asset and if you enter a PUT option you are shorting the underlying price.

With a Digital option, your pay-out is either set to some percentage of your invested capital or it is set to 0. In terms of the pay-out rates at Expert Option, they vary. They range from 70% to 90%.

There are also two expiry times at expert option. They are 1 minute and 2 minute expiries. We would have liked to have seen a slightly longer option expiries such as 1 hour or daily options.

However, if you are a day trader who likes to embark on scalping tactics then shorter expiry times could be to your liking.

Jurisdictions & Languages

Expert Option is restricted in certain jurisdictions and are not open to investors from the following countries: USA, Canada, European Economic Area, Switzerland, Israel, New Zealand, Australia, Japan, North Korea, Puerto Rico, Sudan.

This is probably related to the individual regulations in those states that do not allow offshore brokers such as Expert Option Ltd to solicit clients.

For those regions that Expert Option operates, they have translated their website and platform into a number of different languages. These are given in the image on the right.

In terms of telephone support, this is only available in English, Thai and Hindi.

Expert Option Demo Account

At expert option, you can trade on a demo account with $10,000 of demo money. An Expert Option demo account is a great way for the trader to get a better sense of how the platform works and whether they could indeed see themselves using it. It is also something that not many cryptocurrency exchanges will offer their traders.

What we really liked about the Expert Option demo account is that there are no obligations on the side of the trader. You do not even have to sign up and you can practice trading in demo anonymously on Expert Option to your heart’s content.

This is a stark departure from older Digital option brands that have used the demo account as a way to drag the clients in by manipulating them to hand over more funds. The Expert Option demo account also has all of the same pricing that you will find on the live account below.

Live Accounts

Something that we have not seen that often in the CFD broker and Cryptocurrency exchange space is the range of different account types that are offered by Expert Option.

Sure, at some cryptocurrency exchanges you will have tiered account levels but these are merely determined by how much you are willing to verify yourself on the exchange. At expert option, the tiered accounts are determined by how much you invest.

Here are the benefits that are supposed to come with the account options that they provide.

Basic Silver Gold Platinum Exclusive
Personal Manager Introduction Introduction Account Manager Senior Account Manager
Educational Materials Yes Yes Yes Yes Yes
Market Reviews & Research Yes Yes Yes Yes
Priority Withdrawal Yes Yes Yes
Access to Strategies Yes
Max No Deals Open 10 15 30 No Limit No Limit
Max Deal Amount $25 $250 $1,000 $2,000 $5,000
Increased Profit 0 0 up to 2% up to 4% up to 6%

What does this mean for you?

Well clearly as is shown those accounts that have more money in them will have more benefits. However, we would suggest starting small. This is because you need to make sure that you need to make sure you are completely comfortable with the broker before you will commit such a large tranche of funds.

Moreover, you may want to consider against the bonus options that may be presented to you. This is because bonus terms are known to be incredibly onerous and have turnover requirements that are almost impossible to reach.

Hence, even though the prospect of “free money” sounds great, you have to realise that it is far from free and comes with terms and conditions that can restrict withdrawal.

Funding / Withdrawal

There are a few ways in which you can fund your expert option account. No doubt the easiest way that clients will opt for is to use a credit or debit card. In terms of the card types that they accept, it is Visa, MasterCard and UnionPay.

The minimum deposit at Expert Option is the $50 that they have on their first level account. They also have a maximum deposit size of $3,000. This is probably to do with the payment processor limits imposed on them.

There are also various electronic money funding options should you prefer that. They accept payments via Neteller, Skrill, WebMoney, Qiwi Wallet, Yandex Money and Payweb.

If you want to withdraw money from your account, then the minimum withdrawal amount is $10. This is probably because of the fees involved in the withdrawal.

If you are withdrawing funds then Expert Option can only withdraw it into the same account that you funded with. This is in order to avoid concerns of money laundering.

Customer Support & KYC

This is obviously a really important consideration for brokers and exchanges. There is nothing that is more frustrating than having to wait for days to get customer support.

Expert option claims that they have 24/7 customer support. You can reach these support agents directly from the trading platform. When we tried to reach out to the support team it took about 10 minutes to receive a response which is not too bad. You can also reach them on their dedicated support email at [email protected]

There are also numbers that you can call for their local offices. This is helpful for those traders that would like to speak to someone. Here are the local numbers

  • UK (English): Number: +44 20 3868 3160, email: [email protected], available 24/7
  • India (Hindi): Number: 000 800 443 0002, email: [email protected], available 10:30 – 19:30 (India time)
  • Thailand (Thai): Number: +66 6000 35 407, email: [email protected], available 10:30 – 19:30 (Thailand time)

In terms of KYC, Expert Option is required to complete a number of steps to make sure that you are who you say you are. This is the standard protocol in today’s markets to avoid the risks of Money Laundering and fraud.

When you fund your account at Expert Option they will usually ask for a proof of identity as well as a proof of address. They should take a day or two to verify these documents.

Expert Option Platform

One of the most interesting parts of the Expert Option package has to be their trading platform. As mentioned, this platform was built in house and is hence unique among the other option and CFD platforms.

The web-based platform seems to be well designed with numerous tools at the trader’s disposal. Everything that is related to your account administration is on the left of your screen. Here you can fund your account, monitor your past trades or make use of their extensive educational material.

In the middle you will have all your charts and markets. You can choose a layout that works best for you and you can split the chart among more than one asset. This is beneficial for those traders who like to trade more than one market at a time. As you can see below, we are monitoring both Gold and EUR/USD.

Web Based Platform of Expert Option

If you are one of those traders that likes to run technical analysis then you can use the charting tools and indicators that Expert Option has. While these can be useful, they are fairly rudimentary for a charting package.

For example, you have some drawing and mapping capability where you can sketch out your trendlines and entry points. You can also switch from the standard area chart for a more specific line, bar or candle chart.

Taking a look at the indicators, they give you a list of 8 different indicators that you can use. You have your basic Moving Averages, Bollinger Bands, RSIs, MACDs etc. The customization options around these indicators is relatively simple with only one or two different inputs.

If you wanted to get a bit more of a perspective on the market trends then you can open up that tab to the right of the chart. This gives you an idea of which assets are trending the most and in which direction they are heading. You can also adjust the time frame if you wanted to use this as part of your analysis of the option expiry.

The order functionality at Expert Option is rather basic. It appears to be a simple buy / sell order with the only parameters that you can adjust being the amount invested on the trade as well as the strike rate.

Pro Tip: When you adjust the strike rate, you are also adjusting the odds and payouts. If you have a particularly strong view on the direction then you can adjust the payout based on that.

Social trading is an interesting piece of functionality that Expert Option have included on their platform. This allows you to see where the other traders are placing their trades and what strategies they are employing.

For example, you can see things such as the deals that were entered into, the prices that were locked in as well as the profits and losses of the individual traders. Not only is this a great way for you to follow those traders that are profitable but it also gives you a good sense of where market sentiment is going.

You can view social trading in two ways. Firstly, you can head on over to the social trading tab. This is the image on the right below and it will give you a snapshot of the current traders on Expert Option. Here you can see the general (up or down) as well as the leader boards of those traders that have done well.

Social Trading Functionality at Expert Option

You also can view all of the trades that were placed by others on the chart itself. Here you can see in real time which way they have positioned themselves. We found all of the social trading tabs on the chart a bit distracting but it could work for you.

This is another feature that Expert Option has included that could help to inform your trading. The analytics section is more for those traders who would like to have some fundamental analysis on particular assets and markets.

For example, the first section is a collection of videos that will take you through the latest market movements and news over the past week. We were quite impressed with these videos as they were well presented and had useful visuals and charts to support the data.

Another handy tab in the analytics section is the part that gives you an overview of the financial exchanges and what their trading hours are. This is more relevant for those traders that want to trade equities during the live market hours.

Expert Option PC Client

While the web-based platform is great for convenience sake, the most optimal trading experience comes from the PC clients. This is because you will be using your PC to trade instead of your web browser. This is naturally more efficient as we found the web interface to be quite resource heavy on the browser.

Moreover, if you are looking for the quickest execution then the desktop client is a better choice. This is because your orders are being sent directly from your PC to the Expert Option servers. When you place your orders on your web browser then they have to first pass through the website architecture.

The desktop client is available for download on Microsoft windows as well as Mac OS. Once you have downloaded the programs and loaded them, you will be asked for your Expert Option login credentials.

Expert Option App

For those traders who are always on the go, Expert Option also has a mobile app that is available for download on both iOS and Google Play.

The app is really well laid out and it is clear they spent a great deal of money developing it. They have tried to get as much functionality into the app that they can. Compared to some of the other apps that we have seen, this one seems to have many more features.

Indeed, if we take a look at some of the ratings of the app in both stores, the majority of the feedback is positive. In the few cases that there are negative reviews or bad experiences, the Expert Option customer support staff seem to be quick to respond.

So, should you use the mobile app?

Well, it really depends what sort of trading experience you are after. Although the app is quite advanced compared to its peers, it still lacks much of the functionality that you will have on the desktop client and the web-based interface.

Moreover, mobile trading will have to rely on mobile connectivity which can sometimes be pretty slow. This can be frustrating when you are trying to open / close trades and the mobile data falls away for a few seconds.

With that being said, the mobile app is more suitable for beginner traders who are looking for an easy and convenient way to trade the markets.

Education

This is another place where we think Expert Option tends to stand out. They have quite extensive educational material for traders.

This is accessible either through the platform in the “education” tab or on the homepage in the footer. If you are to navigate to the education tab you will see the numerous topics that they cover. These include the following:

  • Fundamental Analysis
  • Technical Analysis
  • Graphical Analysis
  • Psychology of Trading
  • Trading Strategies
  • Glossary of Terms

There are also a range of videos that they have for the traders. These are helpful for those new traders that need guidance on how to make the most of the platform. These are all in the “How to get started” tab.

Reputation

Compared to all the other Option brands, it seems that Expert Option has a relatively clean online reputation. However, we did notice that there were a few issues raised with the location of the company. Some traders were uncomfortable with the St Vincent registration.

There were of course quite a few clients who took issue with the bonuses that they had accepted. As we had stated above, Bonuses come with onerous terms and conditions and these clients probably did not read them or were not aware of them.

There were also one or two complaints about the pay-out ratio being adjusted for those clients that had a strong trading record. Of course, this could be hard to verify as the reviewer did not leave evidence of the claim.

Lastly, there were a few complaints that traders had about withdrawal requirements. They were claiming that Expert Option was not authorising their requests. However, upon examination it seems that they had not properly authenticated their accounts.

What We Didn’t Like

While the Expert Option platform is highly efficient and there is a plethora of resources that are available to the trader, there were a few things that we thought warranted improvement.

Firstly, we have to take issue with their regulatory licence. While it is not meant as a slight against the Vanuatu regulators, a licence in Europe is much more secure. If Expert Option wants to gain the full trust of their European clients then they should aim to get regulated in the EU or an equivalent.

Moreover, if Expert Option was able to get a European licence then they could take clients from the continent. This would serve them well as it could increase their user base.

On the platform side, we would have preferred it if they had more options in terms of expiry times. Some clients prefer not to trade with such short expiry times and this is especially true for those clients who do not use technical analysis for their trading.

Lastly, we would have liked to have seen some cryptocurrency funding options. They do, after all, offer a range of different cryptocurrency assets to trade so it is only logical that they would offer funding options as well.

There are also numerous other brokers which offer this option as it allows them to administer the accounts anonymously, it reduces the fees and it is quick and effective. Perhaps Expert Option will include this at a later date.

EO.finance

Something else that you may realise is that Expert Option is linked to EO.finance. This is a separate service that is also available to traders from the platform. Essentially, it is a cryptocurrency wallet and exchange service.

You can exchange both cryptocurrency and fiat on the platform. If you wanted to buy in fiat then you have a range of options including through the use of a credit / debit card. Hence, if you were looking for a mere exchange than a trading experience, it could be for you.

There is also a pretty large selection of coins that you can buy with this wallet. They make a market in over 40 different cryptocurrency assets. This is advantageous for those traders who were looking for a “fiat” gateway where they could easily buy and sell some of these smaller cap altcoins with their fiat currency.

EO.finance is based in Estonia and they have a European licence. You can see their Estonian Financial Intelligence licences here and here.

The Crypto Wallet

Once you have purchased your coins you can also make use of the EO.finance wallet provided. This is available in a number of different forms. For example, it can be used as a mobile wallet on an Apple device or on an Android.

You can also use the wallet online through either the web version or through the browser plugin. The browser plugin is currently available on Firefox and Chrome. We would suggest that you use the plugins and apps over the web-based wallet. Your risk of loss through a website is much more pronounced than it is locally on a device.

The wallet also includes the company’s proprietary coin (the EO Coin). This can be considered as their own version of the Binance coin or the KuCoin offered on other exchanges. When you complete your transactions with their EO coin then you will get 50% off of the fees related to said transactions.

Conclusion

As we have shown in this Expert Option review, the broker is no doubt a great option for traders who want advanced trading software as well as extensive education.

They will also appreciate the range of different accounts that they can open with varying levels of support and trading functionality. It also helps the trader who is new to make use of the completely free and anonymous demo account.

We also liked the fact that there was responsive customer service that dealt with all of our queries promptly. Those in other countries will find it useful that they have translated the website into a number of different languages and have customer support available in three.

As mentioned, there were a few places that we thought Expert Option could improve. These mostly related to their regulations, platform and funding options. We hope that Expert Option could take this into consideration.

Moreover, our review has found that although Expert Option operates in an industry that has faced a great deal of issues in the past, they appear to be completely above board and have a relatively clean reputation.

So, is Expert Option the broker for you?

We would encourage you to do your own research. But if you are interested in a strong platform with numerous cryptocurrency assets and you are in a country that Expert Option operates in, then may indeed be a solution.

Pocket Option Review – Scam or not?

Review: Min. Deposit: Demo Account: Yield:
(4 / 5) 50$ ✔ Free 90%+

Is Pocket Option a scam or a reliable company? – Find out on this website. As an advanced trader, I checked the Binary Options Broker for you. Read if it is worth to invest your money or not and get the best information in my review of 2020.

The official homepage of Pocket Option

What is Pocket Option? – The company presented

Pocket Option is an international Binary Options Broker. You can bet there on rising or falling markets with a chance of a high payout (yield). Pocket Option is a broker who is owned by the Gembell Limited and based in the Marshal Islands. It is a registered company with the number 86967. Also, the broker is regulated by the IFMRRC.

At first glance, the website of Pocket Option looks very nice and clear. Directly you can see what they are offering their traders. Trade more than 100 different assets as Binary Options and with a yield (90%+). For traders, there are like 10000 combinations possible. It is very easy to start trading with the broker. You can open the new account in a few seconds. In addition, they offer a free demo account for practice the platform.

Facts of Pocket Option:

  • Location is in Marshal Islands
  • Regulated by the IFMRRC
  • High yield 90%+
  • User-friendly trading platform
  • More than 100 assets
  • Free Demo Account

The conditions for traders of Pocket Option:

Start to invest real money with a small deposit of 50$ in your account. Also, you can use only 1$ as the minimum bet amount for each asset. Pocket Option broker provides you a 10.000$ free demo account too. So you can practice trading in the new platform. It is very easy to deposit real money on Pocket Option because they offer you more than 50 different payment methods (read more about it below). After all, they charge you no commission for a deposit or payout. The payment system works 24 hours per day.

The regular asset profit of a Binary Option is between 80 – 97% which is compared to other brokers very high. Sometimes it depends on the asset you are investing. Choose between 60-second trades minimum and 4-hour trades maximum. They offer you a lot of different time horizons. The execution of trades is very simple and fast. From my experiences, there are no problems to open or close a trade. It is possible to sell an option before the expiry time ends. This is a big advantage for this broker.

Big diversity of assets

The diversity of assets is very high. Choose between Stocks, Forex, Cryptocurrencies, and Commodities. In conclusion, the conditions and the offer of Pocket Options are compared to other brokers at it´s best.

Conditions:

  • High yields 80-95%
  • 50 different payment methods
  • Start trading with a 50$ deposit
  • You only need 1$ per trade

Review of the Pocket Option Trading Platform

In my opinion Pocket Option offers a very good trading platform. It seems that they programmed it independently. Out of my experience, it feels very comfortable to trade on this platform. You can clearly see what happens in the market. Also, the platform is very customizable. You can use different indicators or chart types.

Select between 100 of different assets and analyze the chart. After that, you can open a trade with a call or put option. Use the social trading function to copy the best traders of Pocket Option and turn their profit in your profit. Trade via computer or app. It is possible to trade from every point of the earth with the intelligent app on your smartphone. Finally, the trading platform gets 5 stars in my review. I really like the design and functions.

Available as app

The platform runs smooth and is professionally programmed. There are not any bugs or lags by using it. In addition, the app is available for android and apple Ios. That is another big advantage because most brokers do not offer an IOS app. Also, the app runs very smooth like the web version. In conclusion, the trading platform of the broker is useful l for every trader because it is flexible.

Facts about the trading platform:

  • Different chart types
  • Different time frames (5 second chart up to daily chart)
  • Free indicators and analysis tools
  • Customizeable and user friendly for traders
  • Social Trading, Signals and Tournaments
  • Very fast execution of trades

How to use Pocket Option?

Pocket Option can be used to bet on rising or falling markets. Make a forecast for the direction of the price of an asset on the platform. It can be Forex, Stocks, Cryptos and more. Always the Binary Options got an expiry time. You can trade in different time horizons no matter if it is short-term or long-term. After the expiry time, the trade is automatically closed.

For example Bitcoin – 90%:

That means if you open a trade with the amount of 1000$, you make the right forecast of the markets you will win a payout of 1900$. 900$ is the profit and 1000$ is the return of your bet amount. There are no hidden fees by investing.

Social Trading – Copy other trader automatically

Pocket Option offers you to copy the best traders of the broker. First of all, it is important to know that social trading only works on a live account. Open in the menu “social trading” and you see the best traders at the moment. You can click on them and watch their profile (picture below).

You can add the trader to a “watchlist” and follow him for a certain time. If you think he is good enough, you can copy him with one click. In my opinion, it is significant to analyze the trades of all time. If a user got a high win rate overall time it is a good way to earn some extra profit. It is a big advantage for traders to see the whole profile and the trading style on Pocket Option.

Open your Demo Account with Pocket Option

Pocket Option offers a free demo account for everybody. The demo account can be used for training before starting to make real investments. With just one click you can trade with virtual money on the platform. There is no registration or deposit needed for practice trading with virtual money. A lot of traders get their first experience in the demo account before starting with real money. I recommend that to everybody to practice the platform in the demo account.

The demo account is unlimited with 10.000$ virtual money. You can charge it with one click if you lose some money. After you got some experience and learned to trade Binary Options successful you can directly start trading using real money.

  • Free and unlimited account
  • The best way to practice and learn how to trade

Pocket Option withdrawal and deposit on a real account

The good thing about Pocket Options is that they offer about 50 different payment methods for deposit and withdrawal. The minimum deposit is 50$. You can use cards, e-payments or cryptocurrency. They do not charge any commission and the withdrawal works in the time horizon of 24 hours. The minimum withdrawal amount is 10$.

In conclusion, the first tests of the withdrawal with the Pocket Option broker are successful. The withdrawal and deposit system works very well. Also, Pocket Option offers you a cashback of maximum 10% of your deposit or losses. For more information open a real account. In addition, I have to mention you should verify your account before you start trading with real money. The broker does not pay out to unverified accounts.

Facts about the payment methods:

  • Minimum deposit 50$ and minimum withdrawal 10$
  • Instant deposits with eletcronic methods
  • Credit Cards
  • Skrill, Neteller, ADV Cash, WebMoney, Payeer, Perfect Money
  • Cryptocurrencies, Bitcoin, Litecoin, Ripple, and more
  • No commissions and fees

Review of the bonus system and awards

As you see in the picture below Pocket Option offers you bonus system. There is a large choice of options for earning additional money. Use a deposit or no-deposit bonus to get a bigger account. In addition to that, they offer risk-free trades, cash-backs or promo codes. You get rewarded if your trading volume is high. They give you “Gems” which you can use in the award shop. In the award shop, there are some options to buy additionally bonus.

For the first time, I see such a big bonus system with different options. But do not forget that every bonus is linked to a condition. On the other hand, you can cancel the bonus at any time just clicking on the icon in your account. No money is held if you got an active bonus. You have to make an x50 turnover of your bonus to get paid.

Facts about the bonus system:

  • Deposit Bonus
  • No-Deposit Bonus
  • Risk-Free trades
  • Cashback
  • Gems for Bonus
  • Boosters for more profit

Support and service for Pocket Option traders

The support is very important for traders to build a reliable relationship. Pocket Option offers fast responsible chat support. Also, they got a phone and email support. The support works in different languages. According to that, they got an agent in the EU (Czech).

For beginners and advanced traders, there is a big education section on the platform. Watch video tutorials or read new strategies from the experts of Pocket Option. They explain it in detail how it works. It is important to get more knowledge before trading with real money.

Facts about the support:

  • Support 24/7
  • Phone, Email, and Chat Service
  • Support in more than 5 different languages
  • Free education center
  • Analysis and trainings

Conclusion of my review: Is Pocket Option legit or a scam broker?

In conclusion, Pocket Option looks like a reliable Binary Options Broker. There is a big range of different assets with high profit to trade. Binary Options are very simple and easy to understand on the platform. For further questions, you can use the big education center. In my opinion, the trading platform is one of the best in the world because you can customize it quickly. Moreover, it is very user-friendly, it feels very comfortable to trade there.

For withdrawal and deposit you got a lot of different payment methods. Open a account in less than 5 minutes is no problem. You can start trading real money with a start balance of 50$. This is a good value for every trader. Also big deposits are welcome, too. The only disadvantage of Pocket Option is the lack of a real regulation of a financial institute. In conclusion out of my experience the broker can be very useful.

The advantages of Pocket Option:

  • High asset profit 96%+
  • 100+ assets
  • Fast and reliable support
  • A lot of different payment methods
  • No hidden fees
  • Excellent trading platform

Pocket Options shows a really good bonus program and a reliable platform for trading (4 / 5)

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect Choice For Beginners!
    Free Demo Account!
    Free Trading Education!
    Get Your Sing-Up Bonus Now!

  • Binomo
    Binomo

    Only For Experienced Traders!

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