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Olymp Trade Review 2023: Is Olymp Trade Legit or Scam?


Olymp Trade was established in 2014, and it has become one of the established online brokers. It provides continuous improvement in its services and an easy-to-use and good trading platform for its users. This platform is considered one of the most reputable and popular brokers and has received many forex awards in the trading space.To get more news about olymptrade review, you can visit wikifx.com official website.

Olymp Trade offers great tools, features, financial instrument, educational resources, and great customer service for its traders. This platform can be used by both new and advanced traders and it offers the highest level of security matching industry standards. It also provides free demo trading where the investors can practice trading before they proceed with live trading. However, read the Olymp Trade review in detail and know all of its services.
What Is Olymp Trade?
Since its inception, the broker has become one of the most reputed online brokers owned by Saledo Global LLC First Floor, First St. Vincent Bank Ltd Building. The broker has its headquarters in St. Vincent and the Grenadines and member of International Financial Commission since 2016. Olymp is a broker that caters to several millions of users around the world. It provides over 80 plus trading instruments, including currencies, shares, indices, cryptocurrencies, and commodities.

Since 2016, Olymp Trade has been a member of FinaCom (the financial commission) even though this broker is not regulated in North America and Europe. Further, the membership is offered only to companies that ensure the protection of their customers by covering up to 20,000 Euros that comes under the framework of the Finacom compensation fund. On December 5, 2022, Olymp Trade made 1,766,160 trades on its platform.

Features of Olymp Trade
Here are a few important features of Olymp Trade:-

It offers an array of trading assets in indices, major currency pairs, cryptocurrencies, stocks, commodities, from well-known companies like Microsoft, Apple, and IBM. The platform offers an intuitive interface for less experienced traders.

Olymp Trade’s minimum deposit to trade on the platform is as low as $10; this helps the traders to proceed with trading online on the Olymp Trade website without the need to deposit huge amounts of their own money. The broker offers different account types like ECN account, extensive training materials for its users, an array of educational materials to help users add value, and supports auto trade on the platform. It also offers webinar sessions, news, analyst help, price charts, an economic calendar, and a large number of other tools for successful trading.

As per our Olymp Trade wonderful review, the platform is of high quality, has a great user-friendly and simple user interface. This helps users to auto trade anytime and from anywhere. The platform can be accessed on both mobile and desktop; Expert traders can also access MetaTrader 4, which is supported by this broker.
It offers a mobile trading app; users can use this platform, and it is available on Android and iOS, which can be downloaded from the Apple app store and the Google Play Store. The user can download the app, and they can trade real money online on the go.

This broker has “Olymp Plus” which is known as the encyclopedia of the different trading information that is offered in an intuitive and simple design. The users are offered exposure to tutorials, financial markets analysis in the form of videos, time-tested strategy, tips on various experts, latest news, and market news and updates.
Key Features Offered by Olymp Trade
Here are the few key features offered by the broker:-

As per our review, one of the important things is that the brokerage has attained a positive impression from its clients and it is a Category A member of Finacom; this confirms that the Olymp Trade team has such positive feedback and it is a reliable broker.

This brokerage caters to traders in 194 countries and the platform’s user-friendly interface is supported in 13 languages. Recently this broker has added 30 new assets to its platform. This financial broker has introduced a new reward system known as “Experience Points XP” where it offers its active traders more privileges and perks.

It has a tool named “Profit Line” functionality which helps traders identify the break-even point per trade. It also offers a tool named “Adviser” that analyzes numerous indicators as per the trading strategies for its trading community.