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Olymp Trade Review 2019 – Is Olymptrade.com Scam or Legit?

Olymp Trade Review 2019 – Is Olymptrade.com Scam or Legit?

Olymp Trade Review 2019 – Is Olymptrade.com Scam or Legit?

Quick Review

NameOlymp Trade Review 2019 – Is Olymptrade.com Scam or Legit?
Founded 2014
Legal Entity Smartex International Ltd
Turnover 82%
Minimum deposit $10
Bonusup to 100%
Full AddressSeychelles, Victoria, Mahe, 103 Sham Peng Tong Plaza
Phone 8 (800) 555-45-62
Regulation CRRFM
Site visit site
E-mail help@olymptrade.com
Visit Broker
Reliable, Fast, and Simple Trading with Olymp Trade
OlympTrade is the new dawn in the binary options industry that provides excellent and profitable conditions for traders.

Olymp Trade is a reliable broker that has grown exponentially mainly because of its simple, yet powerful, approach to trading binary options. We carried out an independent review of Olymp Trade to assess its services and features, especially whether it’s worthwhile for trading. Here are the key things we found out.


Olymp Trade’s website is owned and managed by a company called Smartex International Limited. The company is registered in Seychelles under registration number 144540. The broker’s payment transactions are handled separately by a company called Frandom Holdings Ltd, which is registered in Cyprus under Registration number HE331286.

Olymp Trade is regulated and certified by the Financial Commission (FinaCom PLC), which affirms to its commitment to delivering high-quality services and meeting traders’ needs. With this certification, the broker guarantees safety of deposits and prompt resolution of issues. For example, in case Olymp Trade takes part in a fraudulent activity, a trader is guaranteed up to $20,000 in deposit compensation.

Because of its reliability, the broker has earned various industry awards and recognitions, such as, the Le Fonti 2016 Awards in the “Binary Options Platform of the Year” category. Therefore, because of the above reasons, we can confirm that Olymp Trade is not a scam broker.

OlympTrade Trading Platform

OlympTrade offers a web-based trading platform that is simple and interactive to use. It is equipped with extensive tools and resources to assist traders succeed in binary options trading. For example, you’ll access accurate analytics on the recent market events to help you make profitable trade decisions.

Olymp Trade Platforms

Demo Account Olymp Trade

If you want to learn the intricacies of the market without risking hard-earned money, you can train on the free demo trading platform. With the demo platform, you can sharpen your trading skills before venturing into the real world of binary options.

Furthermore, Olymp Trade provides a mobile trading platform, which you can download from either the Google Play Store or the Apple App Store, and enjoy limitless trading from your smartphone—anywhere, anytime.

The platform has two main types of binary options:

  • Classic options: Are called UP-DOWN trades, and gives traders an easy way to make profits.
  • Time options: They give traders a time-based and convenient way to participate on an active market.

Assets and Payouts

In our Olymp Trade review, we noticed the broker offers a wide range of financial assets to cater for the varied interests of traders using its platform. It has about 70 assets for trading, which have been grouped into four main categories:

  • Stocks
  • Indices
  • Currencies
  • Commodities

In terms of payouts, Olymp Trade offers up to 90% maximum profitability on successful trades. Finding brokers with such high payouts in the industry is rare.

Deposits and Withdrawals

Opening a trading account with Olymp Trade is simple and quick—it takes no more than 3 minutes. On the broker’s homepage, click the ‘Start Trading’ button, and you’ll be redirected to a simple registration form to provide your personal details. After completing the form and submitting the necessary identity documents, your trading account will be setup.

BonusFor making deposits, Olymp Trade has various trusted payment methods, including VISA card, MasterCard, Skrill, Neteller, WebMoney, Yandex, and Qiwi Wallet.

The minimum deposit required is 10 currency units (either USD or EURO). You will also get various lucrative bonuses, including welcome bonuses, on-pay bonuses, or promo code bonuses.

If you want to make a withdrawal, the broker will start processing within 30 seconds of receiving your request. We found this to be much faster and simpler than those of other brokers.

Olymp Trade Customer Service

Olymp Trade has a team of more than 20 specialists, who are sufficiently trained to offer quality support in different languages, including English, Thai, Indonesian, and Russian. The broker’s support department is always available 24/7 by phone, online chat, phone, and social networks.

In addition, since the broker aims to ensure traders enjoy successful and stable trading in the binary options market, it provides a rich set of learning materials, including webinars, interactive courses, and trading strategies.

So, whether you are a novice or an experienced trader, you’ll find sufficient resources to deepen your knowledge and become effective and profitable trader.


  • Trustworthy broker
  • Focuses on simple and fast trading
  • Demo account available
  • Convenient payment methods
  • Secure trading conditions
  • Low minimum deposit requirement
  • High payouts
  • Wide range of trading assets
  • Mobile trading available
  • Comprehensive learning materials
  • Multi-lingual 24/7 customer support
  • Analytics available
  • Fast withdrawal process
  • Bonuses and trading contests available


  • U.S. traders not allowed
  • Limited types of binary options
  • Regulation from a reputable licencing authority like CySec missing
Website urlolymptrade.ru
Trading platformCustom made platform
Minimum first deposit$10
Minimum trade amount$1
Maximum trade amount$5000
Payout82% for Standart, 90% for VIP accounts
Free demo account
RegulationRegulated by FinaCom
Account typesStandart (10-2000 USD Deposited), VIP (2000 + USD Deposited)
Account currencyUSD, EUR, BRL
US Traders allowed
Mobile trading
Tablet trading
Overall Score97/100


Our review of Olymp Trade has revealed the broker’s presence in the industry is useful. The broker’s award-winning trading platform, emphasis on quality service provision, and provision of reliable trading conditions are contributing to the development of the binary options industry. If you want to take your trading a notch higher with a simple, efficient, and trustworthy broker, then Olymp Trade should be your most preferred choice.

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Eric Barkley - 2019-09-08 21:36:07

I have gotten back all my lost fund and bonus from CFD stocks, olymptrade and iqoption . They stocked all my trading capital and deprived me access into my account for over two months now after I’ve invested $950K with them, my hard earned money. Thought I was not gonna see this day, but as God may have it, today I’ve got back all my money back for real. I will forever remain grateful to God. If you’ve been locked out from logging into your binary option trading account or you are unable to make withdrawal from your broker account, maybe because your broker manager is asking you to make more deposit before you can place a withdrawal and If you have lost a reasonable amount of money to an untrusted broker, kindly contact me now true my gmail ericbarkley321@gmail.com.for assistance on how to make a withdrawal freely and easy as well as recover all you lost funds.

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Kevin White - 2019-08-24 21:53:44

I almost lost everything I had to this company , I didn't know they where a scam company so I kept investing till I needed to withdraw some of my earning, that was when the whole story changed....they stopped picking my calls and later deleted my account. Fortunately I was able to contact Ying Yue 76 at yandex com . I lost about $47,000 and I got everything back.

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kayla evanss - 2019-08-22 21:35:53

HOW TO RECOVER LOSS FUND FROM BAD BINARY OPTION Do not get involved with this outfit. They have no customer service. You put money in and you can not get it out. They keep requiring documentation and then deny it. I have been trying to get my funds for over 6 weeks. I think my next step is to get in touch with Interpol and file a fraud Claim against this outfit. Mark my word and be careful with Empire option.Do not waste your time and money on this scam company. All they do is keep calling until you make the deposit. Once they realize you won't deposit anything else, they will never reply to your emails. And forget about calling them, they'll hang up on you. Rude and unprofessional. Their so-called "advisors" are pieces of garbage. Sebastian and Federico Demczylo are liars. They'll promise you anything to get your deposit. Then forget about trying to contact them, not to mention to make a withdrawal, you will never get your money. In these kind of cases with the fake broker over the internet my advice if you have already invested with those liar,call them back and get a refund which am guessing you have already tried.In this i will advice to get in touch with jian.fang at yandex ,com he’s been very helpful to the society by recovering stolen funds from all this fake broker.

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davidmarkson - 2019-08-17 18:51:35

My advise out there is for you to be wise before you invest in any binary option broker I was scammed 170k by online broker but at last I found someone who help me to recovered all my lost funds back from a scam broker that stocked my capital with an unregulated broker, If you need assistance with regards of your lost funds from your broker or may be your broker manager asking you to make more deposit before you could make a withdrawal or your account has been manipulated by your broker manager or your broker has blocked your account just because they need you to make more deposit to your account. If you’re interested in getting all your lost funds back Kindly get in contact with him Davidmarkson815@gmail.com him will guide you on the steps I took in getting all my refunds

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susan rodrick - 2019-08-10 06:26:33

I am here to testify about how toal company change my life,it was like this,i read about online trade and investment,when searching on how to trade with legit company,i ment a review which said i can invest in oil and gas company,where i can invest $5000 USD into oil and gast ,which i did after reaching total company,out end of my trade,i make a profit worth $65,0000 USD after investing with now through out thirty one days ,it real great i ment this company which change my life,i said to myself,it is better to share this on topix and forum,so that financial problem can reduce,what have your government offer to reduce financial problem,it is better you help yourself,because the system of the countries are not after our dealy bread,you can invest and get rich too,email total company at: total.company@aol.com

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Joshua - 2019-08-07 04:21:15

I've lost about 28,500$ trading with this particular binary option broker. Fortunately for me, I stumbled on a forum that advised everyone who has lost money to different kinds of online investment to recover their lost funds by contacting ying/// yue/// at //// yandex///// dot ///// com

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Kyle Strong - 2019-08-06 14:19:34

Feel free to exploit the services of wealthrecovery63@gmail.com, a certified recovery expert,when trader world was closed down i had to engage his services and he came through,i recovered my funds back with no hassle.Thank me later and share this with investors, we need to look out for our own

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Allana - 2019-07-22 18:50:25

Most brokers take advantage with customers funds because they fill these customers don’t know how to get their funds back, But trust me there are hidden ways you can get your lost funds back from the broker. I was able to withdraw my $230,000 from the two brokers i signed up with while trading. I’ve never done this before but i promise to recommend him if i help him out and i’m glad he did, If you want to recover your money back then mail him recoverywealthnow360 at gmail dot com

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Oscar - 2019-07-11 12:20:05

people say binary options brokers are scam, i can boldly say that's not true because i have been doing a lot of trading not only that, i have been doing a lot of winnings sometime ago a friend refereed me to One Mr Dylan for assistance with his help and his masterclass strategy I'm able to make $3500 weekly and a successful withdraw and also recovered all my lost funds, you can contact him for assistance on Dylanryhan2@gmail.com

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LEGAL247RECOVERY Jaccinda - 2019-06-11 16:59:38

NATHAN'S EXPERIENCE (His testimony) - I am open to share my experience and to also enlighten everyone on ****Bull & *****rex Scam. They are big time scam and if you have invested on any of the fake brokers please kindly reverse your deposits if possible. I invested 65% (419,500 CAD) of my retirement payment on ****Bull and *****rex with the mindset of getting it multiplied and enjoying a better retirement life. It was sweet and smooth from the start, withdrawals were easy and consistent until it gets to a point I started to be denied withdrawals and that was how I lost all money, I couldn’t get my investment amount back not talk of the bonuses. I had paid ***man Law 10% of my principle loss with nothing to show for it, I think the algorithm of these programs are designed for us to lose money in some way. If you flushed your money down the toilet with a binary broker then just learn your lesson, it took me 9 months to figure out how to get my money back after made failed attempts; I contacted several lawyers but it was all waste of time and money, they couldn’t render an inch of help. God so good to my old self and family, I later met with a certified binary options recovery expert firm that helped me recover my money within 11days from the brokers(****Bull & *****rex), it was worth it, they were able to retrieve my funds. If you have found yourself in same situation as me you can contact the expert on www legal247recovery com

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allana - 2019-05-08 16:19:18

Lost thousand of dollars trading binary option throu Redwoods Options , couldn’t withdraw my investment not to talk of my winnings. I had to hire a refund solution professional from binaryoptionrefundnow(at)(Tutanota)(dot)(com) they recovered (80% of my investment) happy to help other traders going through this. binaryoptionrefundnow(at)(Tutanota)(dot)(com)

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Kimberly Lundstrom - 2019-04-12 07:53:58

My experience with scam brokers is nothing to write about. I opened an account with HQBroker and some other brokerage company by seeing an add. I decided to give it a try by registering and as soon as I completed my registration, they called me to activate my account by depositing $250 and after some tradings making me believe i had made profits on my starting amount of $250, then the account manager assigned to me to handle my trades called and convinced me to deposit 5000 EURO using my credit card(XX31-XX05-XX48) and started placing trades with screen sharing, for the first few trades, profits were made but was told i couldn’t withdraw yet. Later he said we will make account 20K EURO in few days only, then made me place some trades on so many things that made my account go to ZERO balance all of a sudden. I was told before this to safeguard my account which led to depositing of more and more funds. I lost the first shot of 20k EURO which was all paid using my credit card and my friends cards as well. They make me believe and assumed there was no luck for me with my present account manager so another account manager was assigned to me calling and telling me we will put in the recovery plan, I believed again and lost much more to him and just like that i got 3-4 account managers changed all in the name of recovery. All together I lost all my money exactly 150,000 EURO. At this point I had family bills to pay and also my kids school fees so I was devastated and in need of a help somehow. It’s a lot for me to let go and I invested a total of 150,000 Euro; they only tried to pull a fast one and put a bag over my eyes claiming that my investments had been lost on bad trades. Lucky for me and unluckily for them, earlier in the week i saw an interview on TV about how a woman who had been scammed 4 times by binary options and was only happy to share his story cause she got it back by filing a complaint to [www]recoverycircle .EU|, so i looked them up and also reported to them and i can really say their help came handy in getting all my 150,000 back along with profits and damages. {www}Recoverycircle . Eu} .

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Agentmike - 2019-03-26 01:04:54

Binary options fraud is being committed by companies that encourage investors to make apparently simple bet on whether shares, currencies or other financial instruments will rise or fall in value. Thousands of pensioner are at risk of losing their life savings in a rapidly growing financial scam that British authorities are powerless to clamp down on Savers are investing their money in fraudulent online trading site offering the promise of potentially huge payouts with little risk attached. Pensioner Eddie Dave, a former self-employed IT worker, said he invested a total of nearly £70, 000 in a binary trading platform called GlobalTrader365 . Mr Danny said he was initially approached online by the firm in February 2017. He said that he felt his pension income might be improved by accepting the investment opportunity he said they were offering him. Like Ms Ablett, Mr Danny said he was assigned someone who identified themselves as a “broker” to trade on his behalf and made a series of investments over the course of several month.In December, he said he filed a request with the platform to withdraw his money, the majority of which had stemmed from his pension fund. He claims that request was denied and – like Ms Ablett – he said his account later appeared to have been blocked.Because Mr Danny had paid for some of the investments with credit cards, he said he raised a chargeback dispute with his banks, but they have so far been unable to help him.It’s disgusting and I feel so foolish to have fallen for it, ” says Ms Ablett. “For now, all I can say is that if my story prevents at least one person from falling for this, it was definitely worth telling…. Meanwhile In the absence of serious action against binary options fraud by UK authorities, Ethical Revolution Hacker has helped a couple dozen alleged victims of the industry reclaim a total of more than $10 million. The company has grown rapidly since it was founded in early , in some cases by helping victims of its own employees.if you have been scammed by this fake broker i will advise you to contact for help cos its never too late recover your lost fund here is their CONTACT web address ethicalrevolutionhacker. strikingly. com

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Chris - 2019-03-03 07:50:32

all thanks to priorityrecovery,org I have been able to recover all of my money with olymp trade. Report your binary option related issues to priorityrecovery,org

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Henry Alvin - 2018-11-25 20:27:05

If you lost funds trading with OlympTrade,contact support@assetchargeback.com to recover your funds without paying upfront.The reputable asset recovery service company has helped a lot of people recover funds from scam brokers.OlympTrade is a fraudulent broker.

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Cayden Roberts - 2018-11-24 01:44:12

It’s was such a bitter moment for me trading with them,swindled me of my hard earn funds,had to contact a consultant Marc who helped me fight my case with them.contact marcfinley at consultant .com.he can help

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allana - 2018-11-13 00:10:58

I also lost about $175,000 to a EZtrader broker and 2 fake binary option website as well but I am sharing my experience here so as to enlighten and educate everyone that is losing money or has lost money to a scam binary options, Real Estate Scams, dating scams and fake ICOs. However , I have been able to recover all the money I lost to the scammers with the help of a recovery professional and I am pleased to inform you that there is hope for everyone that has lost money to scam. you can reach out to them by searching for Miguel Aruso (cybercrime Investigator) on Quora or you contact wealthrecovery94 AT GeeeMAIL DOT COM

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Jim deem - 2018-08-20 04:08:10

Are you interested in Forex, binary options Cryptocurrencies trading, invest with a trusted account manager and get a better return in just couple of days with GENUINE AND LICENSED COMPANY or have you lost in trying to trade,i can help you recover all your lost money,i can also help you manage your account with the minimum deposit of $500 USD assure you get $5000 weekly,and $76,000 monthly, to any broker of your choice and you make a profit of over $500,000 in just a short period of time, contact me here on my email jimdeem300@gmail.com

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Loretta - 2018-08-15 18:05:09

I recently recovered my investments trading binary options with this scam broker. I hired a professional to this effect. I will like to share my experience because it is the right thing. Feel free to reach out garciasloretta986 at gmaiI dot com

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Maxime - 2017-06-09 00:45:15