Users Voice for Olymptrade

36% users rated Terrible
2% users rated Poor
1% users rated Average
14% users rated Very Good
47% users rated Excellent
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Olymptrade Overall rating
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Review article published on: 04 Nov 2019

Last updated by on 09 Mar 2023

"The two things I love most about what I do is that I help people and I solve problems - it’s as simple as that. I help my organizations develop effective, relevant marketing content."
Sep 2022 3.6 4 1.8 4.8 5 1
Oct 2022 4.8 3.8 2.8 4.8 5 1
Nov 2022 3.9 5 2 4.9 5 1
Dec 2022 5 3.2 5 5 5 5
Mar 2023 3.8 5 5 4.8 5 1
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Detailed Olymptrade Review by

Introduction:

Olymp Trade is a popular online trading platform that offers various financial instruments such as currencies, commodities, and stocks. The platform was launched in 2014 and has since then gained a significant following across different regions. In this editorial review, we will discuss the pros and cons of Olymp Trade, user experience, pricing, customer service, and other factors that can help you decide whether to use the platform or not.

Pros and Cons:

One of the notable advantages of Olymp Trade is its user-friendly interface that simplifies the trading experience for both beginners and experienced traders. The platform also offers various tools and educational resources such as webinars, video tutorials, and analytical tools that can help users make informed trading decisions. However, one of the downsides of Olymp Trade is that it has a limited number of assets compared to other trading platforms. Additionally, the platform's fees can be relatively higher than some of its competitors.

User Experience:

Olymp Trade's user interface is intuitive and straightforward, making it easy for traders to navigate the platform. The platform is available in multiple languages, catering to users from different parts of the world. Olymp Trade also provides a mobile app that enables traders to access the platform on-the-go.

Pricing and Value for Money:

Olymp Trade's fees vary depending on the type of account that a user chooses. The minimum deposit required to start trading is $10, and the minimum amount that can be invested is $1, making it accessible to all types of traders. However, the platform's fees can be relatively high compared to other trading platforms.

Alternatives:

Some of the notable alternatives to Olymp Trade include IQ Option, eToro, and Plus500. These platforms offer a wider range of trading instruments and lower fees than Olymp Trade.

Customer Service:

Olymp Trade has a customer support team that is available 24/7 to assist traders with any queries or issues they may have. The platform provides various channels for users to reach out to customer support, including email, live chat, and phone.

Product Quality and Selection:

Olymp Trade offers a limited number of trading instruments compared to some of its competitors. However, the platform's product quality is excellent, and traders can access various tools and resources that can help them make informed trading decisions.

Website Usability:

Olymp Trade's website is well-designed, and its user interface is intuitive and easy to navigate. The platform provides traders with various analytical tools, including technical analysis indicators and economic calendars.

Returns and Exchanges:

Olymp Trade provides traders with competitive returns on investments, with payouts ranging from 80% to 90%. Traders can also access various risk management tools such as stop-loss orders and take-profit orders.

Promotions and Discounts:

Olymp Trade offers various promotions and discounts to its users, including a welcome bonus for new customers and cashback promotions for traders who have suffered losses. However, these promotions are subject to terms and conditions, and users should read them carefully before applying.

Reputation:

Olymp Trade has a positive reputation in the online trading industry, with many traders commending the platform's user interface and educational resources. The platform is also regulated by the International Financial Commission (IFC), ensuring that it adheres to the highest ethical and regulatory standards.

Payment Options:

Olymp Trade supports various payment methods, including credit/debit cards, e-wallets, and bank transfers. The platform also supports cryptocurrency deposits and withdrawals, making it ideal for crypto traders.

Loyalty Programs:

Olymp Trade has a loyalty program that rewards traders with various benefits, including access to exclusive educational resources, faster withdrawals, and lower fees. However, the loyalty program is only available to users with a specific account type.

Customer Reviews:

Olymp Trade has received mostly positive reviews from its users, with many praising the platform's user interface, educational resources, and customer support.

Community Involvement:

Olymp Trade is actively involved in various charity programs and social initiatives, including supporting the education of underprivileged children and providing aid to disaster-stricken areas.

Shipping and Costs:

Olymp Trade does not offer any physical products, and thus, shipping costs are not applicable.

Conclusion:

Olymp Trade is an excellent online trading platform that provides traders with various tools and resources to help them make informed trading decisions. The platform's user interface is intuitive and easy to use, making it ideal for both novice and experienced traders. However, the platform's fees can be relatively high, and it has a limited selection of trading instruments. Nonetheless, the platform's positive reputation, regulatory oversight, and active involvement in social initiatives make it worth considering for anyone looking to start trading online.

Olymptrade Recent User Reviews

User Rating

5 stars

76

4 stars

47

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Reviewer Name: ViVu

Review Submission Date: 2022-12-28

Review Title: Commission-based
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Review Description: Several months with olymp trade and everything is going well. I like conditions for trading apart one small detail, the commissions for trades. I just can’t calculate it correctly for my trading.

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Reviewer Name: mdn

Review Submission Date: 2022-12-27

Review Title: It’s totally fraud company
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Review Description: It’s totally fraud company. Manipulate signal in last seconds. I lost too much money. If you trade with demo account then you will win, sure but not with live account. I am going to file against this company to check with coding inside the app and website.

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Reviewer Name: Mohamed Fathy

Review Submission Date: 2022-12-27

Review Title: Again!!SWINDLERS
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Review Description: Again!!! Swindlers 23rd of Dec i setup stop lose at 33$ woke up 27th of Dec and i lost 253$!!! Chatted with their useless support again they said we cant refund u what!!??? I sent u a screen shot showing u that there is a stop losr at 33$ how come i lost 253$!!! "Sorry sir we cant compensate u" I asked the lady whose name was Summaya to put me through a manager to refunde the variance she hung up on me !!!

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Reviewer Name: mejor

Review Submission Date: 2022-12-27

Review Title: Fixed time is a great thing
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Review Description: Fixed time is a great thing. It gives an opportunity to trade out of a trend. Earlier I was afraid of doing that before I tried fixed-time trading.

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Reviewer Name: GIOVANE S.

Review Submission Date: 2022-12-26

Review Title: Trade better
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Review Description: I cannot put a specific name to it, nor can I put my finger on what exactly it is, but somehow, on this platform, I tend to trade better. I mean, the numbers are the same, the assets behave the same everywhere. Maybe it is about the speed of execution or how comfortable I feel operating on their charts, I feel like a better trader and I make less mistakes.

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Reviewer Name: Juan Antonio Ramirez

Review Submission Date: 2022-12-26

Review Title: This is broker company of many advantage. It is not like the other ones that I have use.
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Review Description: This is broker company of many advantage. It is not like the other ones that I have use.

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Reviewer Name: Aruns

Review Submission Date: 2022-12-25

Review Title: No It's not A Scam...
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Review Description: It is not a Scam according to payment system and trading manipulation. Trading and graphics are real without manipulation.I was shocked when I didn't get my withdrawal immediately after processing completed and I went negative to this platform.But I felt very good when next morning of Christmas I got my withdrawal as a gift from Santa Claus.Therefore till today Olymp trade have Done nothing which proves it a scam...But it's true that TRADE LIMIT can destroy your dream to be rich from here...

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Reviewer Name: Vu Pham

Review Submission Date: 2022-12-23

Review Title: still in the process
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Review Description: My boyfriend recommended me this broker as I wanted to start trading somewhere. I must say that I like the platform. I like how it’s designed and the charts are very easy to read.However the overall concept is still hard to comprehend for me. Fixed amounts, multipliers, I’m still trying to figure everything out on a demo account. Wish me luck!

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Reviewer Name: oshosho

Review Submission Date: 2022-12-23

Review Title: for me the key advantage of this broker…
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Review Description: for me the key advantage of this broker is the protection of personal data. all companies provide approximately the same trading conditions. but not all take care of their clients as well as this broker.

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Reviewer Name: Ian M

Review Submission Date: 2022-12-22

Review Title: Olymp Trade does many valuable things…
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Review Description: Olymp Trade does many valuable things for its traders, it continue enhancing its influence sphere and it's amazing!

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