The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints!
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The data are from WIKI Research 2021.09.22 updated
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Basic Information & Regulators of Olymp Trade
Olymp Trade has been one of the leading online brokers since 2014. Olymp Trade joined the IFC in 2016. Olymp Trade received the 2017 Best Options Broker Award at Forex Expo and the 2017 CPA Life Best Financial Broker Award. Olymp Trade's official website does not show any regulatory information.
Safety Analysis of Olymp Trade
The essential prerequisite to measure the safety of a forex trading platform radical is whether it is formally regulated. Olymp Trade is currently unregulated, which means that users' trading activities and the safety of their funds cannot be effectively protected. Investors should be careful to avoid Olymp Trade as a forex trading platform.
Olymp Trade offers traders a wide range of financial instruments, mainly Forex currency pairs, commodities, indices, stocks, cryptocurrencies, exchange-traded funds, and OTC.
Leverage & Accounts of Olymp Trade
To meet the investment needs and trading experience of different investors, Olymp Trade offers two different types of accounts: Standard and Premium. Olymp Trade offers maximum trading leverage of 1:400, 1:30 for the most popular currency pairs, and 1:20 for minor currency pairs.
Spreads & Fees of Olymp Trade
There is no detailed information about spreads on the official Olymp Trade website. By testing a standard demo account, the spread on EURUSD is around 1.1 pips. Olymp Trade charges a fixed rate of overnight fees for overnight trades, up to 15% of the total investment amount. For accounts that have been inactive for 180 days, Olymp Trade charges a monthly fee of $10.
Trading Platform Available of Olymp Trade
Olymp Trade trading platform pages are easy to navigate with a real focus on user experience. Olymp Trade supports web, desktop applications (for Windows and Mac), and smartphones/tablets (for Android/iOS).
Deposit and Withdrawal
Olymp Trade welcomes a variety of deposit and withdrawal methods, mainly bank cards, credit cards, UnionPay, Bitcoin, TEDA, NETELLER, Skrill, Perfect Money, WebMoney
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Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.