Top Options
75/ 100
Regulated: Regulated by FMRRC
Payout: Up to 80%
Min Deposit: $10
Min Trade Amount: $1
US Clients:
Max Trade Amount: $200
Number of Assets: 14
Free Demo Account:
Types of assets: Currencies, Commodities
Payment METHOD NAME Charge Time

Screenshots

Full Review

Olymp Trade is a Russian binary options brand owned and operated by two difference companies. The first one is Smartex International Ltd. Whose headquarters are located at 103 Sham Peng Tong Plaza, Victoria, Mahe, Seychelles and the second one is Frandom Holding Ltd. with headquarters at 60 Vasileos Pavlou, Agios Dometios, CY 2360, Nicosia, Cyprus.

The broker is registered and regulated by the Financial Market Relations Regulation Center (FMRRC) in Russia under CPF registration number RU 0395 AA Vv0074. Olymp Trade was established in 2014, and the broker offers traders a payout of up to 80% on winning trades.

Olymp Trade is a Russia-based broker and is only available in Russian.

Account Types and Promotions

Currently, there are no promotions going on apart from the regular “refer a friend” program and affiliate partnerships. The company also does not have much of a choice in terms of account types. It only offers one type of a trading account and a practice account for those who are registered.

  • Standard Trading Account: This account type requires a minimum deposit of RUB 350 or EUR 10/$10 depending on your account currency. It comes loaded with all the benefits of a trading account including various trading materials and resources.
  • Demo Account: This account type is available to traders registered with Olymp Trade. The account comes loaded with RUB 10,000 in virtual currency and is typically made for traders to try out the various features at Olymp Trade before getting into real money trading.

Trade Types

Olymp Trade appears significantly limited on the number of trade types available on its platform. Currently, there is only one.

  • Call/Put Binary Options: This is what they also refer to as appreciation or depreciation on the glossary and it involves predicting the direction of the price of the underlying asset for a possible payout of up to 80%. At Olymp Trade, they also allow early cancellation of trades, although the amount of money you receive after cancellation also depends on the time of cancellation as per the expiry period.

Asset Index

At Olymp Trade, traders can only trade in a few selected currencies and commodities. However, the broker does seem prepared to add other asset types such as Indices and stocks in the future because these are well discussed in the glossary section.

  • Currencies: EUR/USD, USD/JPY, GBP/USD, USD/RUB, USD/CHF, AUD/USD, EUR/RUB, USD/CAD, EUR/CHF, EUR/JPY, and RNDM Schedule, which is a quote generated randomly and the main tool of trading at the time of closing (available 24/7).
  • Commodities: Gold, Silver Brent.

Trading Tools and Resources

It is clear that Olymp Trade does not offer much of a choice in terms of trading options. However, when it comes to trading tools, materials and resources, the platform is well equipped.

Olymp Trade has developed a section that educates traders about binary options, and specifically on how to trade binary options on its platform. Traders can also learn more about trading binary options by downloading the broker’s free eBook on binary options available on the platform via the menu links to the top right.

This broker has also gone ahead to develop interactive binary options trading tutorials and webinars that traders can use to enhance their binary options trading knowledge. There are also video and a section where traders can access the daily breaking news in the financial markets.

Olymp Trade has also developed a section of market analysis and reviews as well as a glossary of terms and a comprehensive FAQ to aid its traders in solving some of the general questions pertaining to trading.

Traders at Olymp Trade can also benefit from the training services provided by the broker along with professional and technical support, all offered free upon signup.

Finally, Olymp Trade understands the growing culture of mobile trading and has therefore, launched mobile apps for some of the leading mobile operating systems in a bid to facilitating on the go trading for its traders.

Deposits and Withdrawals

Traders at Olymp Trade can deposit and withdraw funds from their trading accounts via several methods, which include Bank Wire, Credit/Debit Card, Yandex, KIWI, NETELLER and Contact 24 among other electronic payment methods.

The minimum deposit amount at Olymp Trade is set at RUB 350, or EUR 10, or USD 10 depending on your account currency. The minimum withdrawal amount is also set at the same levels.

The minimum amount that a trade can invest per trade is RUB 30, or EUR 1, or USD 1 depending on your account currency, while the maximum amount that a trader can invest per trade is set at RUB 10,000, EUR 200 or USD 200.

Olymp Trade does not charge any commissions for depositing or withdrawing funds, and withdrawal requests are processed within 5 working days.

Traders must verify their details before making any withdrawals for security services. Such a process involves identity and physical address verification.

Support

Traders at Olymp Trade can contact support via Telephone and Email.

Email: [email protected]

Phone: +357 25030996