Olymptrade is an online trading platform that offers traders the ability to trade in various financial markets such as forex, commodities, cryptocurrencies, stocks and indices through binary options trading. Founded in 2014, Olymptrade has grown to serve over 25,000 active traders daily. Olymptrade Trading Platform Review
This comprehensive Olymptrade review covers everything you need to know about the Olymptrade trading platform, including its features, account types, assets available for trading, customer support as well as trading strategies, tips and tutorials for beginners.
Overview of Olymp Trade Platform (Olymptrade Trading Platform Review)
Olymptrade utilizes a web-based proprietary trading platform that does not require any downloads or installations. Traders can access their Olymptrade accounts from any device with an internet connection, whether it’s a desktop computer, laptop, tablet or smartphone.
The Olymptrade platform is designed to be user-friendly, with an intuitive interface making it easy for both new and experienced traders to navigate and execute trades. Some key features of the trading platform include:
- Real-time charts – Advanced interactive charts with various technical indicators and drawing tools for market analysis. Charts can be customized according to trader’s preferences.
- Asset index – A comprehensive asset index with over 200 trading instruments across 4 major markets – forex, stocks, commodities and cryptocurrencies.
- Trading types – Supports both binary options and digital options trading. Expiry times range from 30 seconds to 150 days.
- Order execution – Fast and accurate order execution with price quotes on asset prices coming from top tier liquidity providers. Spreads are tight and competitive across all assets.
- Account types – Offers 4 different account types (Demo, Standard, VIP and Expert) catering to traders with varying trade sizes and requirements. More details provided in the account types section below.
- Mobile trading apps – Free native iOS and Android trading apps available for on-the-go trading access. Apps have full functionality of the desktop platform.
- Education resources – Built-in Olymptrade Academy section providing free educational resources for traders including trading strategies, analysis techniques, webinars and glossary of terms.
Overall, Olymptrade provides one of the most comprehensive proprietary trading platforms available. Let’s take a deeper look into some of its key features and offerings across trading accounts, assets and customer support.
Olymp Trade Account Types
Olymptrade offers 4 main account types catered to traders across different experience levels, trading capital sizes and requirements. The key features of Olymptrade’s account types are:
1. Demo Account
- Perfect for new beginner traders looking to familiarize themselves with Olymptrade’s platform.
- Get $10,000 in virtual credits to practice trading in real market conditions, without risking money.
- All features of the platform mirrored from the real money environment.
- Get comfortable with using analysis tools, executing different order types before trading live.
2. Standard Account
- Default real money account. Only need $10 minimum deposit to start.
- Access to over 200 trading instruments across currencies, crypto, stocks, commodities and indices.
- Complete access to interactive charts, technical indicators, risk management tools, order types and more.
3. VIP Account
- For seasoned traders looking to get premium trading conditions and features.
- Get increased returns up to 25% per trade on selected assets.
- Faster withdrawals within 24 hours. Higher withdrawal limits.
- Dedicated VIP manager and trading expert assigned to provide trading support and guidance.
4. Expert Account
- Top-tier account for professional traders with large trading capital ($2000 min. deposit).
- Returns of up to 95% per trade on selected VIP assets and instruments.
- 0-spread trading on 8 major currency pairs. Tight spreads on other assets.
- Highest withdrawal limits and instant withdrawals for Expert Account holders.
The tier-based accounts make Olymptrade accessible to all traders regardless of experience level or trading capital size.
From beginner traders benefiting from free demo accounts and plenty of educational materials to seasoned experts taking advantage of premium trading conditions – the platform can meet any trader’s requirements.
Olymp Trade Trading Assets
Olymptrade traders get access to over 200 trading instruments across major financial markets such as forex, stocks, commodities, cryptocurrencies and indices – on both binary options and digital options.
Some of the assets available on Olymptrade for trading include:
1. Currency Pairs
EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CAD, USD/CHF etc.
2. Stocks
Apple, Tesla, Amazon, Facebook, Alibaba, Google, Nvidia, Visa, Coca Cola etc.
3. Commodities
Gold, Silver, Oil, Platinum, Natural Gas, Coffee, Corn, Wheat, Palladium, etc.
4. Cryptocurrencies
Bitcoin, Ethereum, Litecoin, Ripple, Monero, BitcoinCash, EOS, Stellar, TRON and more.
5. Indices
S&P 500, FTSE 100, DAX 30, NASDAQ 100, CAC 40, ASX 200, Nikkei 225, Eurostoxx 50 etc.
With such an extensive range of trading assets across major financial markets, Olymptrade provides traders plenty of trading opportunities across rising, falling and sideways trending markets.
Key Features and Tools of Olymptrade Platform
In addition to its wide range asset index and account types, Olymptrade’s trading platform also comes packed with many innovative features and tools to assist traders in their analysis and trading.
Some of these helpful features include:
- Risk management tools – Built in risk management tools like Deal Cancellation, Take Profit and Stop Loss allow traders to manage risk on each trade.
- VIP trading signals – Free daily trading signals and ideas provided by top Olymptrade analysts for VIP account holders, offering up to 85% win rate.
- Currency converters – Allow traders to see and evaluate assets in a base currency of choice, eliminating mental math and mistakes when executing trades.
- Personal account analytics – Performance and metrics evaluation tools provide insights on trader’s account like trade outcomes, profitability, win rates over custom periods.
- Olymptrade Academy – Free educational research centre providing learning guides, video tutorials and trading strategy resources for beginner to expert level traders.
- TradingView charts – Charts on Olymptrade’s web-platform use TradingView’s advanced financial visualizations. And have a wide range of technical analysis tools built in for advanced traders.
- Tournaments – Regular free to enter trading competitions with cash prizes for profitable traders. Great way for new traders to practice in real market conditions without risk.
- Olymp Up Ranking System – Chance to climb ranks, earn badges and exclusive promotions based on account performance for profitable consistent traders. Adds an element of gamification to keep trading engaging.
- Currencies accepted – Multiple account currencies and payment options. Supports deposits and withdrawals via Visa/MasterCard, eWallets (Skrill/Neteller/WebMoney), Cryptos (BTC/ETH/USDT) and other local payment methods to cater to international traders.
Equipped with all these features, Olymptrade provides traders advanced analytics capabilities, risk management tools as well as social and gamification elements – so traders have access to much more than just a basic trading platform.
Comparison of Olymp Trade Platform Features
| Feature | Olymp Trade Platform | IQ Option Platform | Pocket Option Platform | |
|---|---|---|---|---|
| 1 | Account Types | Demo, Standard, VIP and Expert | Demo, Real and VIP | Demo, Basic, Gold, VIP |
| 2 | Assets/Markets | Over 200 instruments – Forex, crypto, commodities, stocks, indices | Over 500 instruments – Forex, crypto, commodities, ETFs, stocks, indices | 100+ instruments – Forex, crypto, commodities, stocks |
| 3 | Trading Types Supported | Binary Options, Digital Options | Binary Options, Digital Options, Forex, Stocks | Binary Options, Digital Options |
| 4 | Trading Platforms | Web, iOS App, Android App | Web, iOS App, Android App | Web, iOS App, Android App |
| 5 | Minimum Deposit | $10 minimum deposit | $10 minimum deposit | $50 minimum deposit |
| 6 | Withdrawals | Bank wire, Visa/Mastercard, Skrill, Neteller, WebMoney, Cryptos etc. | Bank wire, Visa/Mastercard, Skrill, Neteller, WebMoney, Cryptos etc. | Cryptos – BTC, USDT, ETH etc. |
| 7 | Trading Tournaments | Regular, cash prize tournaments | Occasional tournaments | Regular, cash prize tournaments |
| 8 | Learning Resources | Built-in Olymptrade Academy education centre | Free educational resources | Free educational resources |
Olymp Trade Customer Support
Olymptrade prides itself on providing top-tier customer service and support to traders on its platform across the world.
It offers customer support in multiple languages including English, Spanish, Portuguese, Vietnamese, Indonesian and more – catering to its global trader base.
Some key aspects of Olymptrade’s customer service include:
- 24/7 live chat – Get instant access to support agent in trader’s preferred language through Olymptrade’s website, Android & iOS apps. Quick assistance provided for any account, technical or trading issues.
- Email support – For menos urgent inquiries, traders can send their questions to Olymptrade’s email support and expect a response within 24 hours.
- Detailed FAQ section – Comprehensive FAQ section addressing most common questions on platform features, tools, deposits and withdrawals, promotions etc. can resolve traders’ queries instantly without having to wait on support agents.
- Social media and community support – Active Facebook, Instagram, YouTube social media channels where traders can interact with other traders in community, get updates from brokers and more.
- Phone support – For selective countries, traders can also get assistance over phone in localized language to resolve urgent account related issues seamlessly.
With multiple support mediums across different languages and localized payment options – Olymptrade makes resources accessible for traders globally.
Getting assistance whenever required through preferred mode of communication gives traders peace of mind to focus on profitable trading.
Trading Strategies and Tutorials for Olymptrade Beginners
As an accessible online trading platform catering extensively to beginner traders, Olymptrade offers a variety of free built-in educational resources.
These include trading strategy guides, video tutorials, webinars, daily analysis feeds and more – via Olymptrade Academy. Beginners can leverage these to speed up their learning curve.
Some key strategies that beginners can use to make money on Olymptrade include:
1. Trend Trading Strategy
Trend trading involves identifying an asset’s ongoing trend direction using technical analysis and entering trades in the overall momentum direction. As the saying goes, “the trend is your friend”.
- Use indicators like Moving Averages (MAs) to determine market trend direction bias
- Apply other indicators like RSI, MACD, Stochastics for additional trend bias confirmation
- Enter CALL option when indicators signal uptrend. Enter PUT option when indicators signal downtrend.
As beginners, trend trading is one of the simplest and highest probability strategies to profit on Olymptrade. New traders can also use the built-in VIP trading signals offering up to 85% win rate based on ongoing trends.
2. Range Trading Strategy
Markets don’t trend all the time. They often get stuck ranging without clear direction for extended periods.Range trading allows profiting from ranging non-trending markets.
- Identify range resistance and support levels using chart analysis
- Enter PUT option when asset price reaches identified resistance level
- Enter CALL option when asset price drops to identified support level
Repeatedly entering trades at range extremes offers regular profits even when broader trend is unclear to trade larger moves. Olymptrade’s short-term expiries like 1 min or 5 mins work well for range trading strategies.
3. Breakout Trading Strategy
In rangebound markets, eventual strong breakouts present major trading opportunities in the direction of the break.
- Identify ranges and major support/resistance levels that price is contained within
- Enter trades in direction of breakout as price breaks out of range strongly
- Can predict breakout direction using indicators like Moving Averages
Breakout strategies combine both trend trading and range trading concepts for capturing reliable mid-term trends. New Olymptrade traders can use daily or 4 hour charts for trading breakouts.
In addition to the strategies above, beginner traders on Olymptrade can also use trading pattern strategies, candlestick pattern strategies, reversal trading strategies and more.
It’s recommended new traders stick to these simpler, high probability strategies to build consistency rather than overcomplicating analysis.
Some key aspects for beginners include:
- Start slow, focus on quality over quantity of trades early
- Practice proper risk management using built-in tools like Take Profit, Deal Cancellation etc.
- Try combining fundamental with technical analysis for higher conviction trade entries
- Review losing trades to identify errors in analysis rather than outcome
- Start small with micro contracts, maximize demo account usage before trading bigger live
Consistent application of learned concepts, risk management and quality over quantity approach is vital – even more so for beginners.
Olymptrade Platform – Pros and Cons
Pros
- Beginner friendly platform and great educational resources
- Tier-based accounts suit varying trader requirements
- Wide range of over 200 trading instruments
- Advanced yet easy to use proprietary web and mobile trading platforms
- Built-in innovative tools like analytics, converters, tournaments etc. beyond just trading
- Low minimum deposits and investment required per trade
- Multiple deposit and withdrawal options
- Excellent 24/7 multilingual customer support
Cons
- No options like stocks trading, ETFs
- Higher spreads on certain currency pairs like EUR/USD
- Deposits carry fees using payment methods like cards, Skrill etc.
- Withdrawal processing slower than brokers like IQ Option, Pocket Option
- For short-term traders, inability to extend option expiry times
Overall, Olymptrade provides an optimal blend of features, convenience, platform accessibility and support – making it one of the top choices for beginner traders starting out as well as seasoned experts.
FAQs on Trading with Olymp Trade
Is Olymp Trade legit and safe to trade with?
Yes. Olymp Trade is regulated by the International Financial Commission and fully compliant with required protocols making it a legal and legitimate brokerage. It uses top tier security measures across payments and data handling.
What is the minimum deposit on Olymp Trade?
The minimum deposit amount is $10 across all account types – making markets accessible even for those starting with smaller trading capital.
What is the maximum returns offered on Olymptrade?
On its Expert accounts, Olymptrade offers maximum returns up to 95% per trade by trading special VIP assets. This is among the highest in the industry.
Does Olymptrade accept traders from all countries?
Olymptrade accepts traders globally from most countries, though trader sign-ups from Canada, USA, Japan, Belgium and some other jurisdictions with stricter regulations are restricted currently.
Can expert advisors and indicators be used on Olymptrade’s platform?
Yes. Olymptrade’s proprietary web platform utilizes TradingView for advanced charting capabilities. So traders can install various custom and third party trading indicators and tools from TradingView’s ecosystem.
Which trading types are available on Olymp Trade?
Olymptrade offers both fast-paced Binary Options trading (expiry from 30 seconds to 24 hours) as well as Digital Options trading with flexible multi-leg expiry profiles lasting from 5 minutes to 150 days suitable for long term positions.
Conclusion – Olymptrade is Ideal Starting Point for Beginner Traders
With its proprietary web and app based platforms tailored to suit both new and expert traders, 200+ tradable assets across major markets, multiple account types, free educational resources, deposit and withdrawal versatility, 24/7 dedicated multi-lingual customer support and multiple other innovative features – Olymptrade checks all the boxes of an industry leading online trading destination.
For beginners starting their trading careers, Olymptrade’s extensive learning materials, demo accounts and low minimum investments required make it an ideal starting point. Meanwhile, seasoned experts can take advantage of premium account features, tight spreads and specialized tools for advanced analysis.
So whether you are new to trading or an experienced veteran, Olymp Trade’s online trading platform provides the complete package of technology, features and support to trade binary options profitably across market conditions.