Olymp Trade

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The services on the Website are provided by Aollikus Limited, a company registered in the Republic of Vanuatu. The domain was established in 2014, but the owners have not disclosed a launch date. The website claims that Olymp Trade is a licensed financial dealer. This fact is confirmed by a license issued by the Vanuatu Financial Services Commission (VFSC), which is a non-profit government agency. However, the license from an offshore body is more of an advertising document, as the regulator has no influence on the broker and does not protect its clients.

We will try to find out during the review whether the information about the company’s activities is reliable – whether we should trust funds to this broker or if it is a fraud.

Trading Conditions

Olymp Trade is focused on providing binary options to its clients. ‌A client can test the platform after registering on the website, only then a demo account will be available to them. The balance will be credited with 10,000 virtual dollars.

The trading algorithm consists of the following steps:

  1. Choose one of more than 75 assets – currency pairs, cryptocurrencies, shares, commodities, indices
  2. Decide how much to invest, not less than $1. The broker promises that on a successful fixed-time trade, your profit will be 92%
  3. Set your trade to be executed between 1 minute and 3 hours
  4. Analyze whether the price of the asset will move up or down and then tap the appropriate button
  5. Wait for your trade to expire

The trading platform used is the in-house Olymp Trade terminal and the popular MetaTrader 4 platform. On the broker’s official website, you can download any version of these programs for Windows, Mac, iOS, or Android. In addition, the web version of each terminal is available to traders.

In the service agreement, the company explicitly warns of the high risk of losing all the funds invested. At the same time, a client’s profit is guaranteed, but it is not known from which sources of income.

The referral program of Olymp Trade promises the participant to earn 50-60% of the profit of the invited trader. Also, the broker gives clients bonuses of 20-100% and promo codes 10%, 30%, and 50%. More than 50 lessons in video format are available in the “Training” section. The training material is also available in text form.

The maximum withdrawal time is up to 5 working days. The minimum withdrawal amount is $10. Technical support service works 24 hours a day. You can contact a specialist via online chat, email, or call the hotline.


Would investing in Olymp Trade offer the best returns?

Binary options should not be seen as a way to make money. Your cooperation with a broker is more likely to result in a loss of funds because of the high risk of trading volatile assets.

Does Olymp Trade carry out withdrawals?

According to feedback from the company's clients, they lose more money on the platform than they take out profits. If you're not prepared for losses, then don't trade here. And if you already have experience, share it with us in the comments.

May I be scammed on olymptrade.com?

Clients of an offshore broker must take responsibility for their own money. Offshore regulators will not help you. In addition, the company's registered office has a negative reputation because it is used to register thousands of fraudsters.

What's the best way to share my experience with Olymp Trade?

Fill out the form and we'll make sure your voice is heard.

How can I tell if Olymp Trade is a fraudulent company?

Do your own research and never believe those who promise you easy money.


Date of foundation: 2014
License: VFSC
Demo account: Yes
Affiliate program: Referral
Assets: Forex, Commodities, Index, Shares, Crypto
Minimum deposit: 10$
Bonus: 20%
Deposit method: Сredit cards, Cryptocurrencies, Payment systems

15 reviews about Olymp Trade

  1. Batex
    July 24
    This is a common, banal "scam"
    But this is just my opinion, and the rest of the traders let them try it themselves.
  2. Grinch of Xmas
    July 10
    You can't make or work off the money you spend here!!!
    I've been with the broker for four years now and generally liked everything, a comfortable platform, lots of indicators, training webinars, etc. BUT... You can't make money with Olymptrade!!! When you are just learning to trade and you lose, lose, lose (in my case for three years -3000 dollars) everything is ok, there are no restrictions from the platform. As soon as you start to get it, and Olymp Trade reports... "You have been set a daily trading limit"... in my case: "you can open trades for no more than $25 per day". The reply from support: "in order to protect the trader from losing the deposit!!! (which sounds like nonsense) and in order for the company to fulfill its obligations to traders (this sounds more honest at least - that is, Olymp Trade does not pay customers, so I understand it), the system automatically sets restrictions depending on what the trader does on the platform!!!"! So when you learn and lose - you are told "welcome", and when you can already make money - goodbye, our friend!!! If you're such an adult and still believe in fairy tales, then you're called a fool!!! My CV: as a learning platform, Olymp Trade is good, you can use it. But don't expect to make any money, you won't be allowed to do that. You have to look for a more serious broker if there are any... Good luck to everybody!
  3. Dale
    July 3
    Find out the truth from your own experience
    There are many opinions and reviews, and even if they are real, you will never know how it really works. So - as many people - as many opinions, there will always be!)
  4. 1w1
    June 21
    There is a risk everywhere
    I would say there are fluctuations in any market but as long as there is a chance to make money you have to use it and the payouts have not been delayed so far.
  5. Kevast
    June 18
    You will only withdraw your profits once
    If you have just registered an account - you will be given a chance to win! Once you've withdrawn your profits, run away from Olymp Trade :))
  6. Penguin
    May 27
    This is a good broker
    I can say that everything depends on yourself, show your interest in trading and in the market, I guess I have nothing to add. If you follow all the instructions of the manager and most importantly if you learn everything, you will succeed with Olymp Trade.
  7. slider
    May 12
    How I learned to trade on a demo account
    First, my chart disappeared from my trading platform page, and now the website itself is not working.
  8. user4
    April 26
    It is a scam
    I tried trading on the platform. Three indicators show a clear price direction, but as soon as I place a good bid, the price immediately reverses or makes a sharp upturn at the last moment.
  9. Investor
    April 17
    An absolute scam
    Firstly: you can withdraw no more than the amount you deposited. Withdrawing $80 only brings the $70 I last deposited here to my account. Second: the schedule changes the moment you make a bet, especially for more than $30. I've had $200 debited in three days, the money really only goes into deficit. At first, the amount grows, it seems that you can earn, then everything changes and you lose even your first deposit. Then you have to deposit money to take it back, and it goes in a circle again. It is a real scam!
  10. tgr5275
    March 31
    I made a good profit
    I always knew that trading was a way to make money, but I had no time for it because my work and family took up all my time. Luckily trading the indicator is easy and only takes me about 20-30 minutes every day. In my first month, I earned a decent amount with Olymp Trade - almost like a second salary!
  11. Willie J
    March 28
    Total scam!
    As long as you lose on bets for a while, nobody blocks you! But as soon as you go to make a profit, those bets go down. Just like a regular casino. They don't like to give money away. I wouldn't recommend Olymp Trade to anyone. My acquaintances got blocked that way too.
  12. REYDER
    March 22
    And my account is being blocked
    I haven't broken any rules. I have not received any warnings. My previous account was allegebly blocked by myself and I checked it several times. My new account in Olymp Trade was blocked along with the money. I did not get it out. They told me that I can write to their support if I do not agree with their decision and they will answer me. I did. No reply for over two weeks. The money has not been paid. Access to the platform is restricted for me. No one at Olymp Trade is responding. I had about $200 on my account. Decided to leave a review so people know the whole truth. As soon as you start earning and withdrawing - you get blocked here. And referring to the fact that they can block you at any time without giving a reason (for some point in the rules). If I had still been paid, I would not have written this review, but in addition to the fact that they have not paid out profits, Olymp Trade also does not respond to my messages. Draw conclusions. Is this broker worth trusting?
  13. Rebecca Johnson
    February 12
    The binary is a casino
    I tried trading, but I personally didn't like it, it's not trading, it's a casino. And not just here, but practically everywhere, but some traders like it. They have the patience to wait for hours and sometimes even days to trade, as in forex, a favourable situation.
  14. meteor
    February 10
    Not withdrawing my money
    A scam, they didn't withdraw my profits, and they blocked my account, allegedly because I have several accounts. But I only registered one account and did not withdraw $800
  15. mandolor
    January 24
    The platform is a total scam!!!
    So let me start at the beginning! Registered at the same time as my husband and we were unreal luck from the moment of registration, it's true the first month, and the second 50/50! Further - even lower profits, falling bets at the last second, after which we had: the idea to trace on different technique charts, and we immediately began to notice the difference! When my husband bet a normal amount, the difference was up to 20 pips, I just indulged - bet 3-5-7 sometimes $10! But the last point was a rise of 40 points in the dead time, on my last minute, as soon as I lost the bet went back down again! The husband's chart was at rest :) And here's the conclusion: deleted accounts for both of us at Olymp Trade, and advice to everyone - run away from here!

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