Adam Rosen - Lead financial writer
When trading live markets with Olymp Trade you will want to make sure any money you deposit with Olymp Trade is safe. And that any positive balance that you gain from succesful trades on Olymp Trade you are easily able to withdraw to your selected withdrawal methods. Its important to only fund well regulated trading platforms as you have some recourse if Olymp Trade goes under. When analysing if Olymp Trade are a safe trading platform to trade with you need to asses the availability of Olymp Trade in your country, the reliability of the Olymp Trade trading platform, what financial instruments you are able to trade on Olymp Trade. What funding and margin amounts are required to trade on Olymp Trade, Olymp Trade commissions and fees charged for place buy and sell orders. What the Olymp Trade reconciliation process is, what reporting demands Olymp Trade has to financial regulators and goverment and the level of Olymp Trade customer support on offer in your region.
Olymp Trade is a broker that offers trading in Forex, Majors, Indices, Energies, Metals, Agriculturals. Olymp Trade is not as safe as some more well regulated brokers. The Olymp Trade platform is intuitive and user-friendly, and it comes with an excellent Olymp Trade trading app for mobile devices. Investing opportunities are available through over 100 Olymp Trade financial instruments. So Olymp Trade will have something useful for most traders.
Olymp Trade is known to have a stable trading platform as well as its prompt and expert customer service. The features Olymp Trade offers, make it possible for traders to recognise opportunities, react to them, and quickly carry out buy and sell orders on live financial markets using Olymp Trade tools.
Olymp Trade is well regulated, always be wary of trading platforms like Olymp Trade that seem too good to be true and if you are new to Olymp Trade, always try a demo account first.
Olymp Trade Desktop based trading platforms offer a more secure experience than their Olymp Trade mobile app counterparts. Olymp Trade trading applications must follow some fundamental guidelines, when giving traders access to live high risk financial markets. If a trading platform is offered as both a mobile app and a desktop application like Olymp Trade, the Olymp Trade desktop software is going to be a more secure option than the Olymp Trade mobile software if you are serious about trading.
Olymp Trade is not as safe as some more well regulated brokers in terms of their trading app. The Olymp Trade application can be downloaded from the mobile app stores for both Apple's iOS and Google's Android operating systems, as well as from third-party websites. Only download Olymp Trade from an approved verified source.
Do not confuse a basic looking Olymp Trade trading app on your smartphone with a robust full Olymp Trade trading platform that offers live expert customer support. Some mobile trading apps will have fewer bells and whistles than then a full fledged Olymp Trade desktop trading platform on multiple screens. When there is significant volatility in the markets, a genuine trading platform like Olymp Trade must not only remain stable but also operate without interruption thanks to its robust network and well-programmed live market infrastructure.
Because Olymp Trade is a proper trading platform, Olymp Trade can seem overly complicated to new Olymp Trade traders. Olymp Trade is an excellent option for individuals who are just beginning their trading careers, to experienced Olymp Trade traders alike. Olymp Trade does an excellent job of striking a balance between the various helpful tools and features it includes in its user-friendly Olymp Trade web platform and Olymp Trade mobile trading app.
There are many online trading sites that provide real-time quotes and information on trades like Olymp Trade. For some Olymp Trade investors, the convenience of dealing with everything in one place improves a traders workflow when using Olymp Trade. Customers of brokers such as Olymp Trade are given access to live data streams relating to the stock markets, Forex markets, commodities markets, crypto markets and ETF markets on Olymp Trade.
The funds belonging to Olymp Trade customers are stored safely in tier 1 banks, and an SSL encryption system is used to protect any personal information that may be transmitted to and from Olymp Trade. Olymp Trade is subject to regulation by FinaCom, which govern how Olymp Trade as a company conducts its business. Please note that specific regulators only monitor specific Olymp Trade company entities. You need to be sure of which financial regulator your Olymp Trade account falls under, before trading on Olymp Trade.
When checking the safety of Olymp Trade. Be wary of websites that provide a limited number of customer support options. Live chat, email, and phone support are all available from Olymp Trade. If the Olymp Trade trading platform. If you ever have any issues with funding your Olymp Trade account, withdrawaling from your Olymp Trade account or accessing the Olymp Trade trading platform you will need Olymp Trade customer support to resolve your issue quickly.
The process of withdrawing money from Olymp Trade accounts is straightforward. Up to the value of the current Olymp Trade balance in your Olymp Trade account, less the amount of margin that has been used, may be withdrawn at any time. Your Olymp Trade funds will be refunded to the same account that was used for the Olymp Trade initial deposit, and any Olymp Trade refunds will be processed using the same orginal Olymp Trade deposit method.
In the event that Olymp Trade are unable to fulfil their financial commitments to Olymp Trade registered users, financial regulators should have a fund will be used to compensate qualifying Olymp Trade customers. Any compensation from Olymp Trade financial regulators may only be to a limited amount.
It is possible for the sum of money you have available to you in the Olymp Trade trading platform to go into the negatives. This may happen if all of your Olymp Trade available balance is invested in open positions, Olymp Trade overnight fees are deducted from your Olymp Trade account, or trading losses are incurred when trading with Olymp Trade.
Olymp Trade have integrated real stock trading and ETF into their operational models through the use of CFDs. In recent years, Olymp Trade has implemented a number of useful improvements that have made the platform better suited to the needs of long-term investors. The majority of Olymp Trade users trade in highly volatile, high risk financial instruments that have a high percentage of loss. If you are considering trading CFDS with Olymp Trade, understand that CFD trading is high risk due to the leverage used, and you do not own the underlying CFD asset on Olymp Trade. A CFD trade on Olymp Trade is speculation on price movement between you and Olymp Trade.
Olymp Trade gives users the opportunity to trade and invest in a wide variety of digital currencies. Olymp Trade conducts business in a manner that is compliant with the regulations of FinaCom. The Olymp Trade platform has a good range of cryptocurrency trading options. When trading crypto assets or related crypto financial products on Olymp Trade, you must understand that cryptocurrency prices are highly volatile and your capital is at risk when trading crypto on the Olymp Trade trading platform.
The Olymp Trade trading platform gives users the opportunity to invest in the foreign exchange market using a selection of different currency pairs, which can be examined in more detail on the Olymp Trade website. Olymp Trade offers traders over Forex pairs, including major, minor and exotic currency pairs.
On Olymp Trade, the trading of stocks can be done in one of two distinct ways. You have the option of buying and selling stocks directly (also known as trading real shares) or by using Olymp Trade contracts for difference (CFDs). You are able to trade in either direction with Olymp Trade CFD stocks, and you can also use leverage to magnify the exposure of your Olymp Trade stock trades. Trading CFD stocks on Olymp Trade is high risk and you may lose more than your deposited amount if a Olymp Trade CFD stock trade does not go in your favour.
Olymp Trade makes it simple and easy to trade in commodities such as gold, silver, platinum, copper, nickel, aluminium, and palladium. The Olymp Trade platform is governed by FinaCom.
Olymp Trade ensures the safety of its customers funds by depositing Olymp Trade customer deposits in reputable financial institutions and encrypting all of their Olymp Trade held personal information using SSL technology. Because Olymp Trade complies with the regulations set forth by FinaCom in order to conduct business, there are safeguards in place to protect Olymp Trade investors.
It is possible for the sum of money you have available to you in the Olymp Trade platform to go into the negatives. This might happen if all of your available Olymp Trade funds is invested in open positions, Olymp Trade overnight fees are deducted, or Olymp Trade trading losses are incurred. Both of these things could happen. When it comes to trading CFDs with Olymp Trade, retail investor accounts lose money at a rate of upto 80% on average. Only trade with money that you can afford to lose with Olymp Trade. Your capital is at risk
When depositing to Olymp Trade you will need to make sure that any funding method you use is a well regulated safe financial services provider. Olymp Trade offers funding and withdrawal methods. Some Olymp Trade funding and withdrawal methods may not be avalable in your region.
The Olymp Trade trading platform holds funds which may include fiat currency, cryptos and other assets. This can be considered a type of Olymp Trade wallet. Olymp Trade have to offer a secure trading platform as part of their regulation. Olymp Trade has a number of high-level security features that prevent unauthorised access to the user's positive balance holdings. Olymp Trade comes equipped with built-in DDoS protection as well as standardisation protocols for addressing issues related to large-scale Olymp Trade network outages or Olymp Trade cyberattacks.
You have a responsibility to make certain that the Olymp Trade trading platform you use has a high level of security so that your personal information is not put at risk. The use of firewalls at both the Olymp Trade server and Olymp Trade application levels, as well as separate synced Olymp Trade servers for storing data, is a feature that is a must for top-tier trading platforms like Olymp Trade. In addition Olymp Trade offers two factor authenication.
When deciding upon Olymp Trade A reliable Olymp Trade trading platform has a lower risk of experiencing Olymp Trade network issues, data freezing, or Olymp Trade order execution problems, all of which have the potential to affect Olymp Trade trades. It is absolutely necessary to have prompt access to Olymp Trade customer support provided by a real person at Olymp Trade. Some Olymp Trade alternative trading platforms are notorious for providing slow customer after many days of e-mails. You will need to be sure Olymp Trade is there if you have any issues and Olymp Trade is always able to give you the tools you need to action your trading strategy.
Trading forex on Olymp Trade requires you to digest massive swaths of data before you can even think about making a live buy or sell Forex pair order. Using Olymp Trade technical analysis charting tools you should be able to access all of the necessary information in a single Olymp Trade location. Numerous online trading platforms like Olymp Trade give you access to both fundamental and technical information in order to assist you in making more informed Forex trading choices.
Olymp Trade fees may be somewhat more expensive than some Olymp Trade alternative trading platforms, which is one of the drawbacks of using the Olymp Trade platform. You will need to be well aware of any trading fees and commissions which vary depending on the financial instrument you are trading on Olymp Trade.
The Securities and Exchange Commission issues a warning to Olymp Trade investors that it takes time to make legitimate Olymp Trade investment decisions. Olymp Trade investors who aren't used to dealing with markets that move quickly may find themselves swept up in the excitement of trading live financial markets on Olymp Trade. They might end up losing a lot of money on Olymp Trade, before they even realise what has happened to them.
Olymp Trade investors who trade stocks, Forex, crypto, commodities, CFDs and ETFs online should educate themselves about the companies whose shares they are purchasing using Olymp Trade and put safeguards in place to protect the money they have deposited to the Olymp Trade trading platform. One way to exercise control over the items and quantities that you purchase through Olymp Trade is to set a limit order on your Olymp Trade trading account. You are able to set a specific price in Olymp Trade at which an asset will be purchased by using the Olymp Trade order limits trading feature.
You have no emotional of personal connection to Olymp Trade when trading. Olymp Trade traders have to make their own decisions based on their own research and knowledge. Olymp Trade is not able to give you financial advice. It is your responiblity to educate yourself to market trends and risk management strategies when using Olymp Trade to trade. Olymp Trade as a broker will not be able to assist Olymp Trade traders in navigating the complex terrain of the financial markets.
When it comes to making choices regarding the purchase and sale of financial instruments on Olymp Trade, Olymp Trade traders are frequently left to their own devices. This degree of independence can bring about a feeling of self-dependence in some people using the Olymp Trade trading platform.
Should your internet connection be unreliable or unsteady when trading with Olymp Trade, you run the risk of missing out on a deal that could have been significant or lucrative for you.
Olymp Trade investors ought to always have a contingency plan in place when trading live financial market using Olymp Trade, just in case they lose access to the internet. Olymp Trade customers are able to place their orders with Olymp Trade mobile apps. Some Olymp Trade alternatives even offer their clients the option of dealing with live brokers to place their orders.
When placing live trades on Olymp Trade, every trade that is actioned wether its a buy or sell order on Olymp Trade, must be done after careful research and consideration using Olymp Trade research tools and market trend data. For some people, buying and selling financial instruments on global markets with Olymp Trade is very similar to gambling. The Olymp Trade trader will first speculate on what the outcome of something will be, and then place a financial wager on whether or not the speculation will be accurate. Trading live global markets with Olymp Trade must never be done in a gambling fashion. Trading with Olymp Trade holds a high amount of risk and must be taken seriously. Risk management strategies are a must when placing live trades on Olymp Trade.
Olymp Trade Financial Regulation: FinaCom
🤴 Olymp Trade is Used By: 10,000
💵 What You Can Trade with Olymp Trade: Forex, Majors, Indices, Energies, Metals, Agriculturals,
💵 Instruments Available with Olymp Trade: 100
📈 Olymp Trade Inactivity Fees:
💰 Olymp Trade Withdrawal Fees: No
💰 Olymp Trade Payment Methods:
💰 Olymp Trade Account Base Currencies:
Olymp Trade Risk warning : Your capital is at risk
IC Markets Financial Regulation: Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
🤴 IC Markets is Used By: 180,000
💵 What You Can Trade with IC Markets: Forex, Majors, Energies, Metals, Agriculturals,
💵 Instruments Available with IC Markets: 232
📈 IC Markets Inactivity Fees: No
💰 IC Markets Withdrawal Fees: No
💰 IC Markets Payment Methods: Credit Cards, VISA, MasterCard, Debit Cards, Visa, MasterCard, Bank Transfer, PayPal, Neteller, Neteller VIP, Skrill, Poli, Cheque, BPAY, UnionPay, FasaPay, QIWI, RapidPay, Klarna, Electronic wallets (eWallets), Broker to Brokers, Thai Internet Banking, Vietnamese Internet Banking,
💰 IC Markets Account Base Currencies: USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, HKD, NZD
IC Markets Risk warning : Losses can exceed deposits
Roboforex Financial Regulation: RoboForex Lid is regulated by Belize FSC, License No. 000138/7, reg. number 000001272
🤴 Roboforex is Used By: 10,000
💵 What You Can Trade with Roboforex: Forex, Minors, Majors, Exotics, Indices, Metals,
💵 Instruments Available with Roboforex: 100
📈 Roboforex Inactivity Fees: No
💰 Roboforex Withdrawal Fees: Yes
💰 Roboforex Payment Methods: Credit cards, VISA, MasterCard, JCB, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, Perfect Money, AdvCash, BPAY, China UnionPay, FasaPay, CashU, WeChat Pay, ecoPayZ, AstroPay, Sofort, Giropay, Poli, Wepay, iDEAL, Payoneer,
💰 Roboforex Account Base Currencies: USD, EUR, XAU
Roboforex Risk warning : Losses can exceed deposits
AvaTrade Financial Regulation: Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI)
🤴 AvaTrade is Used By: 200,000
💵 What You Can Trade with AvaTrade: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals, Agriculturals, ETFs, IPO, Bonds,
💵 Instruments Available with AvaTrade: 1000
📈 AvaTrade Inactivity Fees: No
💰 AvaTrade Withdrawal Fees: No
💰 AvaTrade Payment Methods: Credit cards, VISA, MasterCard, Bank Transfer, Electronic wallets (eWallets), PayPal, Neteller, WebMoney, Payoneer,
💰 AvaTrade Account Base Currencies: USD, GBP, EUR, JPY, AUD
AvaTrade Risk warning : 71% of retail CFD accounts lose money
FP Markets Financial Regulation: Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Financial Services Authority (St. Vincent and the Grenadines)
🤴 FP Markets is Used By: 10,000
💵 What You Can Trade with FP Markets: Forex, Minors, Majors, Exotics, Indices, Metals,
💵 Instruments Available with FP Markets: 100
📈 FP Markets Inactivity Fees: No
💰 FP Markets Withdrawal Fees: No
💰 FP Markets Payment Methods: Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, BPAY, POLi, PayPal, Neteller, Skrill, PayTrust, NganLuong VN, Fasapay, Broker to Broker, OnlinePay China, Directa24, Klarna, PayTrust88, Payoneer,
💰 FP Markets Account Base Currencies: USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, HKD, NZD
FP Markets Risk warning : Losses can exceed deposits
NordFX Financial Regulation: Cyprus Securities and Exchange Commission (CySEC), License No: 209/13
🤴 NordFX is Used By: 10,000
💵 What You Can Trade with NordFX: Forex, Majors, Metals,
💵 Instruments Available with NordFX: 50
📈 NordFX Inactivity Fees: No
💰 NordFX Withdrawal Fees: No
💰 NordFX Payment Methods: Bank Transfer, Neteller, PerfectMoney, WebMoney, FasaPay, CashU, Payza, QIWI,
💰 NordFX Account Base Currencies: USD, EUR
NordFX Risk warning : Losses can exceed deposits
XTB Financial Regulation: Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comision Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa
🤴 XTB is Used By: 250,000
💵 What You Can Trade with XTB: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Pennystocks, Energies, Metals, Agriculturals, ETFs,
💵 Instruments Available with XTB: 4000
📈 XTB Inactivity Fees: Yes
💰 XTB Withdrawal Fees: No
💰 XTB Payment Methods: Credit cards, MasterCard, Maestro, Visa, Debit cards, Bank Transfer, Electronic wallets (eWallets), PayPal, Neteller, Skrill, Poli, Paysafe, Payoneer,
💰 XTB Account Base Currencies: USD, GBP, EUR
XTB Risk warning : 76% - 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Pepperstone Financial Regulation: Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217
🤴 Pepperstone is Used By: 89,000
💵 What You Can Trade with Pepperstone: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, Energies, Metals,
💵 Instruments Available with Pepperstone: 100
📈 Pepperstone Inactivity Fees: Yes
💰 Pepperstone Withdrawal Fees: No
💰 Pepperstone Payment Methods: Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), PayPal, Neteller, BPAY, POLi, UnionPay, FasaPay, QIWI, Payoneer,
💰 Pepperstone Account Base Currencies: USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, NZD, HKD
Pepperstone Risk warning : CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money
XM Financial Regulation: Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)
🤴 XM is Used By: 10,000,000
💵 What You Can Trade with XM: Forex, Stock CFDs, Commodity CFDs, Minors, Majors, Exotics, Equity Indices CFD, Energies CFD, Precious Metals
💵 Instruments Available with XM: 1000
📈 XM Inactivity Fees: Yes
💰 XM Withdrawal Fees: No
💰 XM Payment Methods: Credit cards, Debit cards, Bank Transfer, Electronic wallets (eWallets), Moneta, ABAQOOS, PRZELEWY24, Neteller, PerfectMoney, WebMoney, UnionPay, FasaPay, CashU, Payza, QIWI, SOFORT, Giropay, Payoneer, Skrill,
💰 XM Account Base Currencies:
XM Risk warning : CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.74% of retail investor
accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford
to take the high risk of losing your money.
eToro Financial Regulation: Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC)
🤴 eToro is Used By: 20,000,000
💵 What You Can Trade with eToro: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals, Agriculturals, ETFs,
💵 Instruments Available with eToro: 2000
📈 eToro Inactivity Fees: Yes
💰 eToro Withdrawal Fees: Yes
💰 eToro Payment Methods: Credit cards, VISA, MasterCard, Maestro, Debit Cards, Bank Transfer, PayPal, Neteller, Skrill, WebMoney, Giropay, eWallets,
💰 eToro Account Base Currencies: USD
eToro Risk warning : 51% of retail investor accounts lose money when trading CFDs with this provider.
FXPrimus Financial Regulation: Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Vanuatu Financial Services Commission (VFSC)
🤴 FXPrimus is Used By: 10,000
💵 What You Can Trade with FXPrimus: Forex, Minors, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals,
💵 Instruments Available with FXPrimus: 130
📈 FXPrimus Inactivity Fees: No
💰 FXPrimus Withdrawal Fees: Varies
💰 FXPrimus Payment Methods: Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, Payoneer, SafeCharge, TrustPay, EmerchantPay, Bitcoin, UnionPay, FasaPay, Giropay,
💰 FXPrimus Account Base Currencies: USD, GBP, EUR, SGD, PLN
FXPrimus Risk warning : Losses can exceed deposits
easyMarkets Financial Regulation: Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI)
🤴 easyMarkets is Used By: 142,500
💵 What You Can Trade with easyMarkets: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, Energies, Metals, Agriculturals, Options,
💵 Instruments Available with easyMarkets: 200
📈 easyMarkets Inactivity Fees: No
💰 easyMarkets Withdrawal Fees: No
💰 easyMarkets Payment Methods: Credit cards, MasterCard, Maestro, American Express, JCB, Astropay, Debit cards, Bank Transfer, SOFORT, GiroPay, iDeal, Bpay, Electronic wallets (eWallets), Skrill, Neteller, WebMoney, UnionPay, WeChatPay, FasaPay, STICPAY,
💰 easyMarkets Account Base Currencies: USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, CNY, CZK, HKD, ILS, MXN, NOK, NZD, PLN, SEK, TRY, ZAR
easyMarkets Risk warning : Your capital is at risk
If Olymp Trade isn’t quite what you are looking for you can check out some of the best Olymp Trade alternatives below.
If you would like to see Olymp Trade compared against some of the best Olymp Trade safe alternatives available right now you can do so by clicking on the links below.