Olymp Trade Review

Olymp Trade is in the top league of the Masterforex-V brokers rating (recommended for opening an account with them). What advantages were noticed by traders in this company, which allowed them to rise higher in the rating?

Pros of  Olymp Trade:

  • on the broker’s platform, you can close the deal ahead of schedule and return up to 46% of your funds if the trader sees that he was mistaken and loses a large amount;
  • over 70 trading instruments;
  • the trading platform is presented in three versions: browser, desktop application for Windows and macOS, and mobile applications;
  • there is client verification: each trader can go through it on his own initiative, or at the request of the company;
  • Olymp Trade has a low trade entry level – the minimum deposit starts at 350 rubles.

Cons of  Olymp Trade:

  • traders have repeatedly noted the manipulation of prices and orders, as a result of which it is impossible to earn;
  • poor work of technical support, which not only does not help, but also confuses the trader with false answers;
  • traders note the delay in the payment of profit by the broker, hiding behind technical work on the site;
  • lack of representative offices of the company in the countries of the world.

There are no branches of the company in the world:

As traders note, this company does not have a representative office either in the CIS countries, or in Russia, or anywhere else:

Broker Olymptrade.com – owned and operated by

Smartex International Ltd. Registration number 1631  CTD 2017, registration address: Suite 305, Griffith Corporate Center PO box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines.

Olymp Trade licenses :

  • Regulated by FinaCom PLC (participant in category A).


PositionItemsPoints

League League 1
Year of creation 2014 35
Regulatory organizations Financial Commission – 10 ten
Broker rewards IAFT Awards 2017 – 10
KROUFR AWARDS-2016 – 5
Forex Expo 2017 – 10
ShowFx World 2016 – 10
Le Fonti 2016 – 5
CPA Life Awards 2017 – 5
45
Branches in the CIS 0 0
Branches abroad 0 0
PR in the media 5 5
Voting rating of the administration of the Masterforex-V Academy 1.8 108
Voting rating of listeners of Masterforex-V Academy 1.4 42
Internet users vote rating 2.8 28
The number of positive reviews on the traders forum 0 0
The number of non-payment of profit to traders 0 0
Number of traders’ claims 0 0
Payout on the EUR / USD option% of the profit from the transaction 80 8.0
Payout on GBP / USD option% of profit from the transaction 80 8.0
Payment on USD / CHF option% of profit from the transaction 80 8.0
Payout on EUR / GBP option% of the profit from the transaction 80 8.0
Payout on GBP / JPY option% of profit from the transaction 80 8.0
Total points: 313.00

Forex brokers rating calculation method >>>

The Masterforex-V Academy’s rating of binary options brokers offers to vote and leave feedback to traders about the Olymp Trade platform  :

Internet users  in this thread can either vote on a five-point system for the Olymp Trade platform  , or read reviews, leave their comments, and also ask questions to a company representative.

The Olymp Trade trading platform  is a web terminal created by the company:

  • OLYMP TRADE trading platform received a quality certificate from the Financial Commission FinaCom;
  • trading on the platform is conducted only from Monday to Friday. Only trading on cryptoassets is available on weekends;
  • Olymp Trade, which provides a simple trading interface:

Training :

  • The company Olymp Trade provides training beginners on the company’s website in the form of theoretical and practical webinars, video tutorials.

 Olymp Trade offers the following  trading instruments :

    • 36 currency pairs;
    • 10 cryptocurrencies in relation to USD;
    • 2 cryptocurrency pairs;
    • 6 assets of the commodity sector;
    • 10 stock indices;
    • 13 shares of the largest companies in the world.

Olymp Trade trading conditions  :

  • options above / below with a profit of up to 82% of the transaction amount and up to 92% on a VIP account;
  • there are risk-free transactions;
  • the ability to trade on weekends;
  • the minimum transaction amount is 30 rubles;
  • minimum deposit 350 rubles;

Traders of Masterforex-V Academy emphasize that the declared minimum transaction amount and minimum deposit do not comply with the MoneyManagement rules of the Masterforex-V trading system. So, for low-risk and quiet work with a minimum transaction amount of 30 rubles, a deposit of at least 1000 rubles is required.

Olymp Trade broker liquidity providers:

The company uses quotes from the largest ECN platforms such as Currenex, Hotspot, Bloomberg Tradebook FX, Fastmatch, Gain GTX, FXAll, etc., and broadcasts to the platform the weighted average of the buy and sell prices available in the order book. This allows the chart to quickly respond to changes in market conditions, but not go beyond the average buy / sell price, which protects against non-market manipulations by trading participants.

Olymp Trade deposit / withdrawal methods:

  • credit card Visa, MasterCard;
  • WebMoney, QIWI Wallet, Yandex money, Neteller, ePayments, Skrill, Fasapay.

Advantages and features of the broker:

    • intuitive terminal interface;
    • 24/7 support.

Personal Area.

The ability to replenish funds has been made quite interesting – by clicking on the required replenishment method, you can immediately see a table with bonuses and the amount that will be on your account.

The personal account menu can be found at the top left. In the menu you can find the sections ” Depositing the account ” and ” Withdrawing funds “, also in the section ” Operations ” you can view statistics on financial transactions, in the section ” Transactions ” the history of trade transactions is stored. In the ” Profile ” section, you can change the login password, first and last name of the user.

Disadvantages and presence of a broker in the “Black List” of brokerage companies:

  • the company is not included in the black list of Forex brokers of the Masterforex-V Academy;
  • users mark an inconvenient personal account;
  • a very small number of traded instruments;
  • traders of the Masterforex-V Academy note not only the presence of mini-price movements, but also a delay in opening / closing deals, which leads to unreasonable losses of traders’ funds. Those. company support, the repeated statements of traders does not affect the trading process in any way:
  • traders note the fact of non-payment of profits to the trader due to … the use of “third-party software” by the trader:
  • the broker also does not pay profit, hiding behind the technical work on the site:
  • dissatisfaction with the broker’s work is expressed not only by traders from the CIS, but also in foreign forums. In particular, it is noted that accepting money without verification and checks is a direct violation of the legislation of many countries
  • traders of Masteforex-V Academy reasonably note that advertising on porn resources and a reputable brokerage company are incompatible things:

Olymp Trade through the eyes of the Yandex search engine.

According to the available data on the screenshot of the wordstat.yandex.ru service, we can summarize that the Olymp Trade request in Yandex for the month as of September 5, 2018 was entered by Yandex users 57,000 times, which is clearly seen in the figure:

According to the service, the dynamics of the Olymp Trade request is displayed on the following screen of wordstat.yandex:

Olymp Trade  through the eyes of alexa.com.

As the site alexa.com shows, the  traffic of the site olymptrade.com ranks 1294 in the ranking of traffic in the world (and there is an increase in the position of the site and on the 577th place in terms of traffic in Russia.