Among fans of binary options trading, the broker Olymp Trade is often mentioned. Its popularity is based on its impressive presence on the market (7 years), a fairly convenient terminal of its own design, a good range of trading pairs, 24-hour online user support in 8 languages and, of course, no problems with withdrawing earned funds.
In addition, Olymp Trade is the winner of a number of awards in various categories of brokerage events, including “Best Broker” (Forex Expo 2017) and “Best Trading Platform 2018” (The Forex Awards).
- What is Olymp Trade
- Registration on Olymp Trade
- Login to your Olymp Trade account
- How to trade on Olymp Trade Binary options on Olymp Trade
- Forex trading mode on Olymp Trade
What is Olymp Trade
Broker Olymp Trade
Olymp Trade (Olymp Trade)
is an international platform for online trading of binary options, launched in 2014 and initially aimed at Russian users. Owned and operated by Inlustris Ltd., a company registered in Saint Vincent and the Grenadines. The current monthly trading turnover of the platform is about $170 million.
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In 2016, Olymp Trade received a category “A” certificate as a member of FinaCom, the International Financial Commission that regulates the broker market. This allows Olymp Trade clients to count on compensation of up to €20,000 in controversial issues (if the commission takes the user’s side).
In the spring of 2022, Olymp Trade stopped working with clients from Russia. The main reason for this decision was the preparation by the Russian government of a legislative framework aimed at significantly complicating the provision of binary options trading services to Russians.
At the same time, Russian citizens can create accounts on the broker’s platform and use all its functionality if they are in the territory of any other country supported by Olymp Trade. After leaving the Russian market, the provision of services continues in other CIS countries (Ukraine, Belarus, Kazakhstan, etc.). Intensified efforts are also being made to attract Asian and African clients.
Official website of Olymp Trade
Summary
Trading binary options at Olymp Trade is distinguished by high quality execution of trading orders, individual attitude to each client, as well as attractive trading conditions and competitive bonus programs.
Registering a trading account and funding it will not take more than 5 minutes. Beginner traders are recommended to develop basic trading skills through a demo account .
The correct use of analytical tools and a serious attitude towards trading will allow you to turn this activity into a source of passive or even primary income.
Good luck to you! See you soon on the blog pages KtoNaNovenkogo.ru
Registration on Olymp Trade
How to register on Olymp Trade
To register on Olymp Trade you need to follow three simple steps:
- Go to the official Olymp Trade website.
- Fill out the registration form.
- Confirm your email address.
A more detailed process for creating a profile on this platform is presented below.
After entering the Olymp Trade website, you need to call the registration form using the “Registration” button.
Start of registration on the Olymp Trade website
In it, you need to fill in all the fields (name, email, phone, password, currency), and also check the box confirming the user’s majority and his agreement with the terms of service.
Registration on Olymp Trade
Then all you have to do is click “Register” and wait for an email from Olymp Trade to confirm your email address.
You can also use the login buttons via Vkontakte, Facebook or Google to register on Olymp Trade. In this case, the broker will receive all the data necessary to open an account from the selected system, but you will need to confirm your email in any case.
About the broker
| Name | "Olymp Trade industries LTD" |
| Year of foundation | 2014 |
| Regulator and license | "The Financial Commission" |
| Reliability | "A" Financial Commission |
| Available assets | Crypto, securities, raw materials, currencies, indices. |
| Trading platform | Individual software "Olymp Trade" |
| Minimum deposit | 10 dollars or 300 rubles. |
| Head office address | James Street, Kingstown, First Floor, First St Vincent Bank Ltd Building, Saint Vincent and the Grenadines |
| Official site | https://olymptrade.com/ |
| Hotline number | 8-800-555-45-62 |
| Types of support | Hotline, online chat, email, FAQ |
| Free demo account | Eat |
| Minimum commission | 0 |
| Rating | 7/10 |
Login to your Olymp Trade account
How to log into your Olymp Trade account
To log into your Olymp Trade account you need:
- Click the “Login” button in the site header.
- Fill out the form with the required data.
- Click "Login".
This is in general terms. But if we look at this process in more detail, there are several nuances that we will discuss below.
After calling the login form through the corresponding button in the upper right corner of the Olymp Trade website, you need to enter the login (email) and password specified during registration. You will also need to complete the Google captcha and click the “Login” button.
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It is also possible if you are using a PC in a public place or at someone’s house. In this case, after closing the window with the Olymp Trade website, you will automatically log out of your account so that no one else can access the funds on your balance.
You can also log into the site through social network accounts if this option was initially used when registering with Olymp Trade.
Login to your Olymp Trade account
Immediately after logging into your Olymp Trade account, the user’s account is loaded, and a window with a current lucrative offer to receive a bonus for replenishing your balance prevents you from looking around. You can use it, but it is worth considering that bonus funds cannot be withdrawn, but only used for trading (profit from them is available for withdrawal).
Olymp Trade welcome offer
If you close this window, you will notice that most of the workspace is occupied by a constantly updated chart of the asset selected for trading (1). On the right side there is a transaction registration area (2). At the top there is information about the balance, as well as buttons for switching account type, depositing/withdrawing funds and account settings (3).
Interface of the trading account on the Olymp Trade website
On the left there is a vertical menu (4), the items of which call:
- Panel with information on open transactions and orders;
- Help (FAQ, knowledge base, training materials, etc.);
- Chart and trade settings;
- The “More” section, through which you can go to replenishment and withdrawal operations, viewing the history of financial transactions, the Olymp Trade blog and analytical data (economic calendar and trading signals).
Contents of the “More” menu on the Olymp Trade sidebar
In addition, in the lower left corner of the chart there are buttons with which you can:
- Set up the chart display type (lines, candles, bars);
- Add indicators and trading strategies;
- Divide the workspace in half to observe exchange rate movements and conduct transactions on two trading pairs at once.
Olymp Trade tools for working with charts
How to trade on Olymp Trade
Trading on Olymp Trade
How to trade on Olymp Trade:
- Select the transaction type and trading pair.
- Specify all necessary parameters (amount, duration).
- Select the trade direction (up or down).
- Wait for the order to close or close it yourself (depending on its type).
Now let's look at trading on the Olymp Trade platform in detail.
You can trade on Olymp Trade using all popular devices - PCs, tablets and smartphones. For computers, the Olymp Trade website offers the application of the same name for download, as well as the MetaTrader4 terminal. For gadgets there are mobile versions for Android and iOS.
But the majority of users prefer to trade directly on the website through a web terminal, which is a proprietary development of Olymp Trade. We will look at this in our trading examples, of which there will be several - for each type of transaction that this broker offers to users.
Binary options on Olymp Trade
Trading binary options on Olymp Trade
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For reference: Trading binary options involves making a profit by guessing the price change by the time the order expires.
In order to open a transaction of this type on the Olymp Trade website, first of all you need to go to the “Options” tab in the asset selection field. There, from the list of trading pairs, you need to select one of the currently available options.
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It is no coincidence that availability is mentioned, since stocks, metals and indices can only be traded during the periods when the exchanges from which quotes are taken are open. Currency and cryptocurrency pairs are always available.
The list of trading assets can be sorted by alphabet, 24-hour price change, yield, and category (metals, indices, currencies, etc.). It is also possible to find a specific asset by name through the search bar.
Choosing an asset for trading options on Olymp Trade
Immediately after selecting an asset, its current chart is loaded and you can proceed to placing a transaction using the fields and buttons on the panel on the right.
The first line indicates the time after which the order will be closed. You can choose one of the proposed options, a custom interval, or specify the exact expiration time within the next 23 hours.
Selecting the trade expiration time
The next field indicates the amount that will be withdrawn from the Olymp Trade user account and used to open a transaction (minimum $1). Next, all that remains is to choose the expected direction of the exchange rate change by the time the order is closed - up or down.
Before this, you can select one of the available strike price options - the starting value of the asset, in relation to which the correctness of the forecast for the transaction will be assessed. Selecting different values for this parameter allows you to change the profitability ratio in the directions of order opening.
Choosing a strike price before opening a trade on Olymp Trade
After clicking on the red (down) or green (up) button, a window will appear with detailed conditions of the transaction being opened, including indicating the potential profit amount (up to 92%). If the Olymp Trade client is satisfied with everything, he must confirm the opening of the position with the appropriate button.
Confirmation of opening a transaction on Olymp Trade
When the transaction is confirmed, the chart will display vertical lines indicating its start and end times, as well as a horizontal line at the strike price level. After this, the trader can only wait for the order to expire to find out whether it was profitable or unprofitable.
Tracking position status on the chart and through the “Transactions” menu
For example, if the asset rate at the time of expiration is higher than the strike price and the transaction was opened “up,” the user receives the initially invested amount plus interest on his balance.
If the forecast does not come true, he loses all funds used to open the position. The details of the completed transaction can be viewed through the corresponding functionality on the panel located to the left of the chart.
Forex trading mode on Olymp Trade
Forex trading on Olymp Trade
The second type of trading that Olymp Trade offers its clients is transactions for the difference in the value of financial assets (Forex). In fact, these are no longer exactly binary options, but a semblance of margin trading, since there is the possibility of using leverage.
In addition, in Forex trading mode there are no restrictions on the time allocated for a transaction, but there is a liquidation of the position when a certain level of unprofitability is reached.
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There is also a commission for opening a transaction (there is none in options).
To use all the capabilities of the Olymp Trade trading terminal in Forex transactions, you need to enable three options in the settings:
Pending transactions.
Animator.
Take Profit and Stop Loss.
Enabling Olymp Trade functions for detailed setup of Forex transactions
After this, you can start trading Forex assets. To begin, in the trading pair selection menu, you need to go to the “Forex” tab and select one of the options in the list that opens. As with options, they can be sorted by several parameters and categories.
Selecting an asset for trading in Forex mode
After downloading the chart of the selected asset, you can begin placing an order. In the first field at the top, indicate the amount that will be invested in the transaction. Nearby is a leverage switch (multiplier). The higher the value chosen here, the greater the profit, and, of course, the risk.
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The multiplier can be from 5x to 500x, depending on the category of the selected asset.
Next, if desired, you can specify take profit
— the profit value, upon reaching which the transaction will be automatically closed.
Another automation tool on the Olymp Trade trading platform is stop loss
, which will close a position at a specified level of loss.
Making a transaction with a forex asset on Olymp Trade
If this field is left blank, the system itself will set a stop loss at 50% of the amount invested in the transaction to prevent its complete loss. There is no way to disable it. You won't be able to set the value yourself either. It turns out that you can lose a maximum of 50% of your position on this type of trade. And this is one of the main differences between Olymp Trade and platforms with full-fledged margin trading.
The last step is to select the direction of the transaction (up or down), once again check that all parameters are correct and confirm its opening with the appropriate button.
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Please note that for opening positions in Forex mode, Olymp Trade charges a commission, the amount of which varies depending on the selected asset, changes in its exchange rate and the invested amount (sometimes it reaches 15%).
Confirmation of opening a Forex transaction on Olymp Trade
The status of an open position can be monitored on the chart, which displays its opening level and the current rate change, or through the “Transactions” tab on the side functional panel. You can close an order at any time, without waiting for the take profit or stop loss to be triggered.
Tracking the status of an open Forex position
Olymp Trade also offers the possibility of delayed opening of transactions with Forex assets. To do this, you need to use the “Order” button, which will open a separate window for entering order creation parameters. The same data is filled in here as when opening a regular position, but you also need to specify the time or price level at which the transaction will become active.
Executing a deferred transaction with forex assets on Olymp Trade
How to make money on Olymp Trade
Making money on Olympus Trade
How to make money on Olympus Trade consists of the following steps:
- Choose the right moment to open a position.
- Weigh the existing risks, decide on the transaction amount and open it in one of the directions.
- Wait for the order to expire (for options) or close it yourself upon reaching the desired level of profitability.
This is in general terms. If we look at earnings on Olymp Trade in detail, many nuances will appear on which your profit will depend.
First of all, in order to make money on Olymp Trade, you need to have a certain level of skills in trading exchange assets (they can be obtained in the Training section).
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Ideally, you will need an effective trading strategy that involves using a combination of several technical indicators (there are about 30 of them available).
For example, you can add SMA, Parabolic and Bollinger Bands (BB) to the chart. In this case, the potential points for entering and closing a trade are determined by the punctures of the upper and lower edges of the BB. Also, breaks in the Parabolic dot contour will help you choose the right moment to open a position. And the intersection of the SMA with the Bollinger moving average will serve as confirmation of a change in the direction of the local trend.
An example of a strategy for trading on Olymp Trade
In addition to using strategies on the chart, you need to develop and begin to apply your own set of financial rules that will help avoid losing your deposit.
For example, you cannot invest more than 10% of your existing balance in one transaction. In this case, after closing a losing trade, you will still have many chances to gain profit.
You should also avoid trading on tilt (when you want to win back after a large loss) and return to transactions only with a fresh mind.
Account types
The trader is assigned one of the statuses: Starter, Advanced, Expert. The account type depends on the deposit amount or activity on the platform. The older the status, the better the trading conditions:
| Starter | Advanced | Expert | |
| Conditions for obtaining status | After registration | Deposit from $500 | Deposit from $2000 |
| Maximum profitability | 82% | 84% | 92% |
| Maximum transaction amount ($ or euro) | 2000 | 3000 | 5000 |
| Risk-free transactions | No | No | 5% of the first deposit amount |
| Maximum number of simultaneous trades | 10 | 20 | 30 |
| Communication with a personal analyst | No | 1 time per month | 4 times a month |
| Discount on spread in Forex mode | No | to 10% | up to 20% |
| Access to signals and private webinars | No | Eat | Eat |
| Additional trading strategies | No | 7 pcs. | 15 pcs. |
The transition between levels is possible by replenishing your account and accumulating experience points. The latter are given for completing tasks and active trading: the larger the transaction, the more points. You can move from Starter to Advanced status after accumulating 25,000 experience points.
The current status is indicated in your personal account
How to top up your Olymp Trade account balance
How to top up your balance on Olymp Trade
How to top up your account on Olymp Trade:
- Go to the replenishment page.
- Select payment method.
- Specify the replenishment amount.
- Fill in your payment details.
- Confirm payment.
This process is described in more detail below.
Opening the interface of the Olymp Trade website to replenish your account is done using the “Top up” button located in the upper right corner of the account or on the “More” tab on the side panel on the left.
Topping up your account balance on Olymp Trade
On this page you need to select one of the five available payment options - a bank card (Visa) or payment systems Neteller, FasaPay, WebMoney and Skrill.
Choosing a method to replenish your account on Olymp Trade
Next, you need to indicate the replenishment amount and in the “Bonus” column select “Bonus upon payment” or “No bonus”. In the first case, bonus funds will be credited to your account, the amount of which depends on the size of the main deposit. In the second - only the replenishment amount you specified.
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Bonus funds cannot be withdrawn, but can be used for trading. The profit received will be available for withdrawal.
The minimum possible amount to top up your account balance is $10, €10 or 350 rubles, depending on the account currency.
Details of replenishing your account on Olymp Trade
After clicking the “Top up” button, a standard form for entering card data will appear (if this payment method was selected) or you will be transferred to the online terminal of the selected payment system. Usually, after completing the payment, the money is credited to the Olymp Trade user’s account within 1-2 minutes.
Real reviews
In reality, the situation with reviews varies greatly between positive and negative comments on the activities of Olymp Trade. Moreover, this situation is observed both in the Russian-speaking space and on foreign platforms.
In fact, there are a huge number of reviews, but I will talk specifically about the average opinions of the masses of people, maneuvering through individual subjective stories.
Traders
Comments from Olymp Trade users are very easy to share. Praiseful reviews relate to the platform, technical advancement of the broker and analytical capabilities, while negative reviews are associated with failures in trading, as well as blocking of money. There are a large number of such comments on the Internet.
Clients
Olymp Trade provides the opportunity for exclusively independent trading. Therefore, all clients, one way or another, can relate to traders; accordingly, opinions here are also concentrated in two planes. Positive reviews relate to the technical equipment of the platform, while negative ones address the issue of manipulation and withdrawal of money.
Employees
As far as Olymp Trade employees are concerned, everything is fine here, the reviews are decent, as an employer the company is satisfied with a large number of its employees, and this is a good sign. However, from time to time there are opinions about the workload being too high, incommensurate with the established salary, but there is nothing negative in terms of reliability from people with an insider’s view of the Olymp Trade company.
How to withdraw money from Olymp Trade
Withdrawing funds from Olymp Trade
How to withdraw funds from Olymp Trade:
- Click the “Withdraw” button.
- Select a payment channel.
- Specify the withdrawal amount and confirm the application.
True, some nuances are still present in this process. Therefore, we will consider withdrawing money from Olymp Trade in more detail.
To go to the withdrawal request page, you need to use the “Withdraw” button on the top or side panel.
Withdrawing funds from your Olymp Trade account balance
After this, a list of available payment channels will appear - only those options that were used to deposit funds on Olymp Trade are displayed. Having chosen one of them, you need to indicate the amount (minimum 350 rubles or $10) and send a withdrawal request.
Filling out an application for withdrawal of funds from Olymp Trade
The rules for using Olymp Trade indicate that the deadline for processing such applications is 5 business days. But, as a rule, money is withdrawn within a few minutes. In rare cases, there are delays of up to 24 hours. By the way, there are no commissions when withdrawing funds from Olymp Trade. There are also no restrictions on the amount of amounts withdrawn from the account balance.
We also advise you to watch a video review of the Olymp Trade broker:
Olymp Trade broker review
Olymp Trade training
Training on Olymp Trade
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For beginners and those who want to improve their trading skills, Olymp Trade offers the opportunity to use a demo account with a balance of $10,000. You can train on it as much as you like.
If you run out of virtual funds, you just need to click the “Top up” button in the drop-down menu with balances and you will again have $10,000 in your demo account.
Restoring the balance of a demo account on Olymp Trade
In addition, the Olymp Trade broker website has a “Training”
. Here, in addition to text theory, there are webinars that explain in simple language the principles of options trading using various strategies and indicators.
Training section on Olymp Trade
There are also lessons on transactions with Forex assets, which cover both general concepts and the most effective trading styles.
Educational materials for trading forex assets
Careful study of educational materials in combination with training on a demo account allows you to obtain the necessary level of skills to move on to transactions using real funds.
