In our OlympTrade review we take a look at this established binary options broker, and explore the trading platform, Account types, minimum deposit and tournament info. Is OlympTrade right for you? Read on the find out…
Min Deposit : $10
Payout : 90%
Demo : Yes
Regulated : No
Bonus : Risk-Free/Tournaments
Olymptrade’s platform has matured over the years to a streamlined easy-to-use interface that has everything you need at your fingertips.
The charts are large and easy to view with trading data and entry screens embedded for one-click trading. Clients can access their accounts and trade using Metatrader4, the web-based app, or mobile (iOS and Android).
The charts can be set up in four ways including candles and price bars. The platform also includes most technical indicators and a wide array of trendlines and drawing tools.
Traders that use Metatrader4 can enjoy the use of EA’s as well as a number of features directly on the platform. There are some educational materials but no tutorials on how to use the platform, but you don’t really need them anyway.
Olymptrade is a brand that has stood the test of time. First introduced way back in 2014 it is still in business today unlike so many others of its kind. The company belongs to and is managed by Saledo Global LLC, registered at First Floor, First St. Vincent Bank Ltd Building, P.O. Box 1574, James Street, Kingstown, St. Vincent & the Grenadines.
The agents for Olymptrade are:
- Visepoint Limited; registration No. C 94716, registered at: Victoria in Malta.
- Wallfort Limited; registration No. HE364695, registered in Limassol, Cyprus.
Despite this, Olymptrade is not a regulated broker.
Olymptrade’s demo account can be accessed once you sign up for an account. No deposit is needed. The account holds a replenishable $10,000 for practice and strategy testing.
Olymptrade has one of the most diverse and complete asset lists of any online brokerage. The company is adding new assets all the time with 30 just put on the list in late 2020.
In total, there are over 300 tradable assets including stocks, indices, ETFs, commodities, forex, and cryptocurrencies. Expiries range from 30 seconds out to 1 month or more depending on the asset. Forex traders can use leverage.
Deposit, Withdrawal, And Bonuses
The minimum deposit at Olymptrade is only $10 and can be made using over a dozen different payment methods. Payments can be made via credit or debit cards, eWallet, check, or bank wire. Olymptrade is not accepting cryptocurrency at this time.
The minimum trade size is only $1 so it is possible to have some fun even with the minimum trade.
The minimum withdrawal is only $10 as well. Withdrawals are processed in 2-5 business days but may take up to two weeks to show back into the account. Withdrawals are made back to the original source of funding.
Olymptrade ranks their clients by status. Status is determined by deposit size and experience points which unlock features that lower statuses aren’t allowed.
In addition, some traders may be offered risk-free trades in small amounts. Risk-free trades are totally written off by the company.
Olymptrade doesn’t have social trading but what it does offer is better a tournament. The tournament lets traders enter by league and trade for a chance at $66,000 dollars. The leagues vary based on experience, higher-experience traders can compete for bigger winnings.
|Instruments||Fixed Time Trades|
|Expiry Times||5 seconds - 23 hours|
|Ladder Binary Options||No|
|Boundary Binary Options||No|
|Mobile Apps||iOS, Android and Windows|
|AI / Machine Learning||No|
|Negative Balance Protection||No|
|Crypto Auto Market Maker||No|
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