With OlympTrade, you can use binary options (fixed time trades) to gain exposure to stocks, exchange-traded funds (ETFs), commodities, forex, cryptocurrencies, and indices.
Trading takes place both on the OlympTrade proprietary platform and on the famous third-party platform MetaTrader 4 (MT4).
The binary options with the highest payout here pay out 90%.
The minimum deposit is just $10, so you do not have to make a big commitment to get started with real-money trading here. It is also possible to sign up for a free demo account and do play-money trading before you jump in.
The smallest possible trade is $1.
OlympTrade was launched back in 2014.
The trading platform
With an OlympTrade account, you get access to both the proprietary OlympTrade platform and the famous third-party platform MetaTrader4 (MT4).
The OlympTrade platform is easy to understand and navigate, and opens directly in the browser window. Since there is no software to download and install on the computer, it does not matter if your computer is running on Windows or on some other operative system.
MetaTrader is available both in the browser window (MT4 WebTrader) and as downloadable software that you install on your computer.
Technical analysis tools
Tools for technical analysis are available both in the proprietary OlympTrade platform and on the MT4 platform.
The MT4 platform is famous for having a huge tool box for technical analysis.
Trading on mobile devices
Mobile trading is available, regardless of if your device is using iOS or Android.
Use EAs for automated trading on the MT4 platform
Expert Advisors (EAs) are code-based trading bots that utilizes AI metrics to analyze trades and make investment decisions. If you are using the MT4 trading platform, you can upload EAs and use them for automated trading on your behalf.
Trying out the platforms with a free Demo Account
You can access the platforms and try them out by getting a free OlympTrade demo account. It comes filled with $10,000 in play-money so you can make play-money trades. No deposit is required to open a free demo account with this broker. If you run out of play-money, just contact the customer support and ask them to give you a free refill.
With this broker, you can use Fixed Time Trades (binary options) to gain exposure to stocks, commodities, forex, cryptocurrencies, indcies, and Exchange Traded Funds (ETFs). The asset list is longer than for most binary options brokers and the addition of ETFs as underlying assets makes OlympTrade stick out from the herd. In total, over 300 different underlying assets are available for speculation here. Examples of cryptocurrencies available for speculation are BTC, ETH, LTC. and DASH.
The contracts that have the highest payout here will pay out 90%.
Expiry time: From 5 seconds to 1 month (or more, in special cases).
Will I have Negative Account Balance Protection with this broker?
No, you will not.
Is copy trading available?
No, it is not.
Is social trading available?
No, it is not.
Forex traders can use leverage.
Negative Account Balance Protection is not available.
OlympTrade arranges tournaments for various leagues. The leagues are based on experience. The higher the league (more experienced traders), the higher the prizes.
You can open a Muslim / Islamic / Halal / Sharia Account with this broker.
Other speciality accounts are not available.
Indian Demat Account
Get access to perks
OlympTrade ranks the traders and assign each trader a status level. Status is determined by deposited amounts and experience points. As you climb in status, you can unlock special perks. At the higher levels, it is not unusual for traders to be offered so called “risk free” trades.
Deposits and withdrawals
The minimum deposit is just $10 and the minimum withdrawal is also $10.
OlympTrade accepts a wide range of transaction methods, including a selection of credit/debit cards, e-wallets and crypto transfers.
Examples of accepted transaction methods:
- Bitcoin Payments
- Bank wire
- Perfect Money
- Doku Wallet
- Yandex Money
Withdrawal requests are typically processed in 2-5 business days.
The only possible account currency is USD.
You can reach the custumer suppor through phone, live chat and email.
The email address is firstname.lastname@example.org and you can expect to get a reply within one business day.
To get phone suppport, call + (356) 2034 1634. This is a phone call to Malta. Phone support is available 24/7 which is a big plus.
Live chat is available from the OlympTrade web site, so you can use the live chat even if you are experiencing trouble logging into the platform or do not have an account yet.
OlympTrade is owned and operated by Saledo Global LLC, a company based in St. Vincent and the Grenadines.
Company address: Saledo Global LLC, First Floor, First St. Vincent Bank Ltd Building, P.O. Box 1574, James Street, Kingstown, St. Vincent & the Grenadines.
Saledo Global is regulated by St. Vincent and the Grenadines, a small island country in the Caribbean. It is a fairly relaxed legislator when it comes to online brokers, and is for instancce not prohibiting the sale and distribution of binary options and similar instruments to non-professional traders. Also, this country does not require brokers to provide non-professional clients with Negative Account Balance Protection.
Saledo Global / OlympTrade has agents in two countries within the European Union – Cyprus and Malta – but that does not mean that you will be protected by EU legislation, Cypriotic law and/or Maltese law when using OlympTrade as your broker.
OlympTrade´s agent in Cyprus isWallfort Limited. Company registration No. HE364695. Registered in Limassol, Cyprus.
OlympTrade´s agent in Malta is Visepoint Limited. Compamny registration No. C 94716. Registered in Victoria, Malta.
Questions and answers
Can I use this broker for CFD trading?
No, Contracts for Difference (CFDs) are not available from this broker.
Are Ladder binary options available here?
Are Boundary binary options available here? ‘
Does this broker offer Negative Account Balance Protection?
No, it does not.
Is OlympTrade a Market Maker?
Is P2P trading available here?
No, it is not.
Does OlympTrade offer VPS hosting?
No, this broker does not offer Virtual Private Server (VPS) hosting.