When choosing a broker, it is important to find the one that suits your needs best. You can already find the IQ Option platform overview on our website, and today we’re taking a closer look at Olymp Trade. Olymp Trade is a well-known broker that has been in business since 2014. It works in over 130 countries, and supports 13 languages, including English, Portuguese, Spanish, French, Thai, Indonesian, and many more. Olymp Trade provides access to trading currencies, stocks, cryptos, commodities, indices, and ETFs. If you want to find out more about the broker, learn what the Olymp Trade minimum withdrawal is, or how the platform works, keep on reading.
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FAQ
Is Olymp Trade safe to trade on?
Olymp Trade is a category A member of the Financial Commission (FinaCom), a status that highlights the company’s reliability and confirms the high quality of the services they offer. Moreover, the broker has a sophisticated verification process that helps protect traders’ accounts from fraudulent activity. This ensures that Olymp Trade is a trustworthy platform for trading.
What is Olymp Trade minimum withdrawal?
The minimum withdrawal on Olymp Trade is $10 or €10. Withdrawals are accessible to all traders, however, verification might be needed in order to secure and confirm the account.
Does Olymp Trade provide bonuses?
Yes, Olymp Trade provides promo codes for deposits. It also has a status system that allows traders to work their way up and receive various benefits.
How to Work With Olymp Trade
Olymp Trade is a platform that’s quite easy to understand, which makes it suitable both for beginners in trading and those with a bit more experience. To start trading on Olymp Trade, it is necessary to register an account, which can be done on the main page of the Olymp Trade website. You will need to enter your email address and create a password for your trading account.
Once your account is registered, you will be able to access the traderoom with all its features. When you open the traderoom for the first time, you will be offered a quick free tutorial, which will help you understand how the platform works.
You can use the Demo account to practice, or switch to the Real account to start trading with real funds. The Demo account is loaded with $10,000, and can be refreshed once you run out of practice funds.
The platform provides all the necessary tools for technical and fundamental analysis. You can change the chart type and apply indicators and graphic tools in just a few clicks.
The “Market” tab has additional market information, like the trading conditions or signals, however, these are paid features. You can activate them, and the price will be deducted from your real account.
There are a few gamified features to the Olymp Trade platform. For instance, the broker assigns the account with a level based on your trading performance. You can complete daily tasks to advance and receive bonuses. Another feature is trading events: you can take part in battles against other traders, or join leagues to receive additional rewards.
Is Olymp Trade Safe?
A question that many traders have is whether they can be sure of the safety of their account and funds when trading on Olymp Trade. Olymp Trade is a licensed and regulated broker by the Vanuatu Financial Services Commission. The broker provides deposit insurance, with a compensation fund of €20,000.
Olymp Trade also has a responsive Support team that is ready to assist in the chat on the platform, via email or phone. This ensures that traders are timely assisted with any issues they may face. Over the years, Olymp Trade has proven its reliability and secured its place among the most popular online brokers worldwide.
Olymp Trade Minimum Withdrawal & Deposit
There are unique payment methods available depending on the country of your account. Olymp Trade provides bank card, e-wallet, bank transfers and cryptocurrency deposits and withdrawals.
To start trading, it is enough to deposit the minimum deposit of $10/€10. The minimum investment in a trade is $1/€1. There are no fees for deposits and withdrawals on Olymp Trade, however, your e-wallet or bank might charge you for the transaction.
The Olymp Trade minimum withdrawal is $10/€10. The broker processes withdrawals within 24 hours, however, the total time it might take for the withdrawal to be credited is 5 days. Note that bonuses that the broker credited to your account cannot be withdrawn.
Olymp Trade Affiliate Program
For those who wish to attract new traders to the platform and earn money, Olymp Trade offers an affiliate program. An affiliate can choose the RevShare program and earn up to 60% of the broker’s profit, or opt for the CPA program and receive a reward for each new trader they brought. Affiliate partners receive a personal manager and enjoy daily payments and real-time statistics. This program might suit influencers, bloggers, webmasters or professional traders who teach trading online.
Overall, Olymp Trade is a broker that has a convenient platform and many analysis features that will suit any type of trader. If you’d like to compare Olymp Trade to other brokers on the market, check out our detailed comparison article here.
