Olymp Trade has built itself as a reliable online trading platform in the UAE
Olymp Trade has quickly established itself as one of the most trustworthy and well-known online brokerages.
Olymp Trade - People simply love this one
Olymp Trade is now one of the most reputable and well-known online brokers. The company was founded in 2014 and has been operating ever since. It offers its customers ongoing enhancements to the quality of the services it delivers, in addition to a trading platform that is user-friendly and successful. This trading platform has been recognized as one of the most trustworthy and widely used brokers in the industry, earning it a number of forex awards in recent years.
Pros and Cons by Real Traders of Olymp Trade on Trustpilot
Olymp Trade is listed as a Verfied Company on Trustpilot. Their overall ranking on Trustpilot is 3.9/5.0, which is great and it's based on hundreds of reviews. Here are a few Pros and Cons from real traders using their platform:
When incentives become available at Olymp Trade, I make use of them. Taking advantage of bonuses does not prevent withdrawals from being processed. - Ilan Phillips from Brazil
I am writing this to you, Olymp Trade, because it has been going on for far too long as I told you already many other platforms are here and all the financial problems are being solved within 14 days but as I got reply from your side that was not up to mark and this is the last warning to Olymp Trade just give my money back as I already shared my id 73309352 and other side now days your support is also too bad everyone talking about this and I also tried to mail you. - Rohit Meena from India
Olymp Trade's Reply: Hello, Rohit Meena.
We are sorry to hear that you had such a frustrating experience, but we are very grateful to you for bringing our attention to this matter. We have informed our experts about your predicament, and they have been given access to your ID account. They are doing an investigation and will get back to you as soon as possible with thorough help.
We really hope that you will be patient with us.
With warmest regards, Olymp Trade's team
I just wanted to say hello and ask about the procedure for withdrawing monies from your account. how long will the procedure take to complete? Is there a cost associated with each individual withdrawal that you make? How much are the fees going to be? - Ronnie from U.A.E.
Olymp Trade's Reply: Hello, dear Ronnie.
We are appreciative of your reaching out to us. Within twenty-four hours of receiving your withdrawal request, we will always do all in our power to evaluate it. On the other hand, the procedure may take as long as five working days if it happens once in a blue moon.
In any event, if it has been more than 12 hours after the time the withdrawal request was submitted, but the withdrawal order is still being processed, then please get in touch with us once more so that we may verify the status of the request on your behalf.
Please do not be hesitant to get in touch with us if you have any queries or issues.
With warmest regards,
Olymp Trade Team.
Olymp Trade is a reliable broker for fixed time trading in particular, particularly because of the following features:
- first and foremost, a trading platform. My experience with the Olymp
trading platform was that it was challenging to trade forex, despite the fact
that it was quite convenient for trading ftt. Perhaps it's because I have an
unhealthy obsession with meta trader.
- leverage. You can discover it functioning as a multiplier in the Olympian trade. To tell you the truth, I racked my brain trying to figure out how it operates at Olymp trade, and as a result, I moved to Fixed trading instead. In Fixed trading, there is no such thing as leverage trading at all.
- the number of different currency pairs. For a forex broker, offering 36 different currency pairings is not a very large amount. At times, you find yourself wishing that there were a greater variety of instruments to choose from in terms of money. - Garuda Chahal from India
When it comes to doing Fixed Time Trades, I do not believe that Olymp Trade
is a poor alternative for a broker to use. The market conditions are transparent
and fair, and there is a plethora of assets and FTT kinds to choose from.
Alternately, the FTT mode and the FX mode can both be accessed directly from the
trading platform themselves. When it comes to the trading platform that the
author uses from Olymp Trade, it is clear that the developers have put out their
utmost effort into developing the platform. The user interface is
straightforward, and the platform itself is cutting edge.
Olymp Trade broker FTT's primary criteria for reliability include: long-term and stable operation of the service; a wide choice of trading instruments and methods of deposit/withdrawal of funds; availability of a license for the activity; a large number of users and positive reviews; a user-friendly interface; prompt customer support and availability of several ways of feedback; and a large number of trading instruments and methods of deposit/withdrawal of funds. - Pakorn Chaiwatthana from Thailand
It provides free practice trading.
Olymp Trade provides its traders with excellent customer service in addition to excellent trading tools, features, financial instruments, and educational materials. This platform is suitable for use by novice as well as experienced traders, and it provides the greatest possible level of security that is commensurate with industry requirements. In addition to this, it offers free demo trading, in which potential investors may engage in trading simulations before moving on to actual trading. However, make sure you read the Olymp Trade review in its entirety and are familiar with all of the services company provides.
Olymp Trade is a Global Broker
Since it was first established, the broker has grown to become one of the most well-known and respected internet brokers. It is located on the first floor of the building that houses First St. Vincent Bank Ltd. St. Vincent and the Grenadines is home to the broker's headquarters, and the organization has been a member of the International Financial Commission since 2016. Olymp trade is a global broker that serves tens of millions of customers all over the world. It offers more than 80 different trading products, some of which include commodities, equities, indices, cryptocurrencies, and even traditional currencies.
It's a member of FinaCom
Despite the fact that this broker is not regulated in North America or Europe, Olymp Trade has been a member of FinaCom (the financial commission) since 2016. In addition, corporations may only become members of Finacom if they guarantee the safety of their clients by contributing up to 20,000 Euros to the Finacom Compensation Fund. This is one of the requirements for participation in the organization.
The following is a list of the most essential aspects of Olymp Trade:
Traders with less expertise can benefit from the platform's intuitive user interface
It makes available for trading an extensive range of assets, including key currency pairings, indices, cryptocurrencies, stocks, and commodities, from well-known corporations such as Microsoft, Apple, and IBM. The platform provides less experienced traders with a user interface that is easy to understand.
Very low deposit amount required to begin trading
The minimum deposit required to trade on the platform at Olymp Trade is only ten dollars, which enables traders to engage in online trading on the Olymp Trade website without having to put up significant sums of their own money.
Wealth of educational materials available for newbie traders
The broker provides auto trading on the platform, in addition to providing a variety of account types (including an ECN account), comprehensive training resources for its users, an assortment of educational materials to assist users in adding value, and extensive training materials for its users. In addition to that, it provides webinars, news, assistance from analysts, price charts, an economic calendar, and a great deal of other trading tools that may help you be successful.
Auto trading available on its trading platform
According to the fantastic evaluation that we conducted on Olymp Trade, the trading platform is of a very high standard and has an excellently user-friendly and straightforward user interface. Users are able to auto trade at any time and from any location thanks to this. Both mobile and desktop versions of the platform are available for use, and experienced traders also have access to the MetaTrader 4 platform, which is supported by this broker.
World-class, easy-to-use Mobile App
It provides a mobile trading app, and users are able to utilize this mobile trading platform. This mobile trading software is accessible in both the Android and iOS versions, and it can be obtained from the Google Play Store and the Apple App Store, respectively. The user may download the software, and after it is installed, they will be able to trade real money online while they are on the move.
In-house tutorials for extensive learning
This broker provides access to "Olymp Plus," which is well recognized as the encyclopedia of various trading information and features a layout that is both user-friendly and straightforward. The users are given access to a variety of resources, including lessons, analysis of the financial markets in the form of films, tried-and-true strategies, advice from a variety of specialists, the most recent headlines, and market news and updates.
The following is a list of all of the many kinds of services that are provided by the company:
According to the information provided in our evaluation of Olymp Trade, this
broker is a participant in Finacom. Because brokers are required to adhere with
the laws and regulations set out by Finacom, which is a regulatory authority,
users can rest easy knowing that their money is protected.
It provides a web platform that can be utilized on a variety of platforms, including mobile and desktop versions, among others. In addition to that, it gives users access to the Metatrader 4 trading platform.
Olymp Trade gives consumers the ability to cut down on the high-level risk of losing money while simultaneously increasing the amount of money they gain through the use of a stop loss or take profit option.
Olymp Trade requires a minimum deposit of $10 from consumers before they can begin trading, and this platform does not charge any fees for deposits or withdrawals. Users also get knowledge about risk management with Olymp Trade. Additionally, FTT and FX trading is an option for investors. Despite this, you should learn more about the various platforms offered by the top forex brokers before exploring them.
Olymp Trade protects its consumers against falling into a negative balance in every possible way. The user accounts in this system are protected by a two-factor authentication that uses this technology.Tweets by OlympTrade
The following is a list of some of the most important services that the broker provides:
According to the findings of our investigation, one of the most significant
aspects is that the brokerage has attained a positive impression from its
customers and that it is a Category A member of Finacom; this verifies that the
Olymp Trade team has received such positive feedback and that it is a
This brokerage serves customers from 194 different countries, and the user-friendly interface of the site is available in 13 different languages.
Recently, this broker has expanded its platform to include the addition of
thirty additional assets. The "Experience Points XP" incentive program is a new
initiative that has been implemented by this financial broker. The program is
designed to provide its active traders with additional rights and advantages.
The feature of the tool known as "Profit Line" assists traders in locating the moment at which they will have broken even on each deal. In addition to that, it provides a tool known as the "Adviser" that examines a variety of indicators in accordance with the trading techniques used by its trading community.
It provides a straightforward and uncluttered experience for users, and users are able to trade using any device, whether it be a desktop computer or a mobile phone, according on their preference. The platform was created specifically for the customer, so it can easily adapt to work with any device, and moving between devices is completely painless.
A Demo Account with 10,000 Dollars to hone your trading skills
A demo account with 10,000 virtual dollars is made available to customers of the
broker so that they may learn and practice trading. They are also able to
personalize the platform to their liking by employing specialized and helpful
tools to develop their abilities.
The most significant benefit is that it provides customers with access to a personal manager, through which they are able to receive unique one-on-one financial advice from trade experienced experts. The support staff of the broker is quite accessible and can be reached at any time of the day or night. Users may get in touch with them using the website's live chat feature or by email, and their questions are resolved quickly.
Multilingual Customer Service
The customer service department of the website provides assistance in a number of languages, including English, Russian, Thai, Portuguese, Indonesian, Turkish, Spanish, Chinese, Vietnamese, Arabic, Malayan, and Hindi. Other languages may be added in the future. In addition to this, it gives sophisticated chart choices and the necessary configurations for a bar chart, a line chart, a heikin-ashi chart, and candlesticks.
Olymp Trade Website has both Dark and Light Themes
The Olymp Trade platform themes, which come in both light and dark variations,
give consumers with an experience that is quite beneficial. Additionally, the
users have access to a real-time trading chatbot helper and the various ways in
which it may be employed.
This broker makes available for trading a variety of items that may be transacted in the marketplaces that are detailed further down. On the other hand, users need to be aware that the instrument's accessibility will differ for them depending on where they live, as this information is not provided.
- Currencies, Indices, Stocks
The Financial Commission of Hong Kong oversees Olymp Trade, which is recognized as being the top financial broker in the industry. If there are any disagreements with third parties that need to be settled, this commission is the appropriate body to do so. In addition to that, it holds registration as a category A class broker. Users have the option of appealing to the Finance Commission for resolution of their disagreements in the event that there are complaints lodged against the broker. This regulating organization provides legal aid to handle any problems that may arise, and it has the ability to collect compensation of up to 20,000 Euros.
An Analysis of Olymp Trade, Including Both Pros and Cons:
- Trading systems available over the web and mobile devices include an intuitive
- The broker does not work with customers from the EU or the US.
- Attractive spreads, as well as leverage of up to 400:1, are offered.
- There are only so many deals and incentives available.
- Both Android and iOS users will have no trouble downloading and using the Olymp Trade mobile app.
- Withdrawal issues might arise for accounts that have not been confirmed.
- Low required minimum deposit in comparison to more standard online gambling venues.
- Bonus terms are not explained in a transparent manner.
- Provides access to a diverse selection of assets for trading.
- Olymp provides customer service around the clock.
- Offers support for a diverse selection of payment options.
- The broker offers a variety of instructional approaches.
Several of the stages involved in trading in Olymp Trade are outlined below for your convenience:
If the investor is interested in opening an account, the first thing they need to do is register on the website, which is a straightforward procedure. They need to download the Olymp trade mobile app or browse to the website for the app and click the Register option. In addition, customers are required to submit information such as their whole name, email address, and password, as well as the currency choice (either dollars or euros) that they want. They are also responsible for supplying a robust password that may be used to protect their actual account. Verifying the particulars is the next step to take.
The following is a selection of tools that might be of use to traders in carrying out effective trading. Listed below are some of them:
- 24 hours a day
- Excellent Content for Charting
- Trading Checklist
- Time Zones for the Forex Market
- Calculator of Profits for Traders
- Economic Calendar
- Binary Options
- Trading Journal and Logs
- Detailed Market Overview
High Leverage is provided for all types of accounts
Olymp Trade has been successfully operating its brokerage activities for almost
a decade now, giving it a wealth of knowledge.
The Olymp platform provides traders with different leverage sizes; the magnitude
of the leverage is determined by the type of trade the trader intends to execute
when they make a transaction. It provides maximum leverage of up to 400:1,
depending on the situation. A leverage of 30:1 is made available for some of the
most popular trading pairs in forex, such as EUR/USD. A leverage of 20:1 is made
available for smaller currency pairings, such as NZD/USD, AUD/CAD, and USD/SGD.
When compared with trading platforms offered by other brokers, this broker's platform is regarded well and provides some of the most competitive spreads available. Spreads for ordinary accounts start as low as 1.1 pips and are among the most competitive in the industry. The value of cryptocurrencies like bitcoin, as well as stock values, are determined by assets. When users carry out fixed-time trading on the platform, it is possible to observe it on the live trading platform.
This particular broker does not impose any commission fees on any trades that are carried out using the ordinary account right from the get-go. If a trader does not make any transactions on this platform for more than 180 days in a row, the platform will charge the trader a monthly fee of $10.
When the transactions are conducted overnight, the Olymp Trade team does impose a set rate overnight fee; the price can be as high as 15 percent of the total investment amount. This information was gleaned from our overwhelmingly positive evaluation of Olymp Trade. In currency mode, you will also be subject to a cost.
No Account Maintenance Fee like Other Brokers
This broker does not charge any kind of account maintenance cost or custom fees; nevertheless, it does charge a sort of fee that is dependent on subscriptions and is also referred to as an activity fee. The fee is reduced to $10 per month in the event that there is no trading activity for 180 consecutive days. In the event that there are not enough money in the account, the account will be closed. Trading foreign currency with this broker incurs a nominal fee, the amount of which is variable and is based on fixed quantities, conditions specified in the specifications, the multiplier that is necessary, and the current state of the market.
Quick funds withdrawal makes it a very reliable broker
When making a withdrawal from Olymp Trade, the procedure can be completed more quickly for the investor if they utilize the same method for withdrawing cash as they used for making deposits. The withdrawal is handled on the same day; however, if the bank transfer option is used, it may take up to three business days to complete the transaction.
When compared to other platforms in the trading business that charge a small number of fees as a deposit or withdrawal fee, the Olymp Trade platform does not charge any kind of cost to traders for deposits or withdrawals. This is in contrast to other platforms in the trading industry. Before getting familiar with the website, investors should check with their financial institution about the minimum withdrawal amount as well as any associated costs in order to make the most of every opportunity.
Training is provided to new investors
Olymp Trade offers a variety of instructional and training materials to traders, such as analyst help, webinars, live tracking, and analysis of the values of various assets. In addition to this, it offers a number of helpful resources, such as webinars on certain topics and economic calendars. In addition to this, it offers blogs on a variety of subjects, such as profitable trading and the operation of markets, which assists investors in keeping up with the most recent risk-free trades, keeping track of market trends, and utilizing a variety of trading methods.
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Basic Deposit is only 36 Dirhams
This is the firm that comes highly recommended by us to first-time traders who want to get their feet wet. It only requires a $10 or 36 AED initial deposit, there is no cost for using the sample account, and there are many educational tools available through the "Olymp Trader's club."
Olymp Trade's Affiliate Program is very popular too
The Olymp Trade team provides consumers with a referral program that enables them to earn passive revenue online throughout the course of time spent trading with this broker. This online broker offers a partnership opportunity for those who are participants in the Olymp Trade affiliate program, allowing them to obtain this as a potential source of revenue. The investor has to begin the process of creating an account by going to the website's homepage and clicking on the link there. It will provide a link to the trader, so that they may email it to the other members of their family or their friends. They are eligible to earn between 50 and 60 percent of the total earnings made through the referral link when they join utilizing the link.
This organization provides customer care that is available around the clock, seven days a week, and in eight different languages. You may get in touch with the Olymp trading staff by e-mail, over the phone, or through live chat. It also has a Frequently Asked Questions part, which can be found on the website. This area is quite beneficial for consumers, as it allows them to anticipate the correct answers to their questions. In the event that they were unable to locate a solution to any of their questions, they are encouraged to get in touch with the customer support number for Olymp Trade at any time. This number allows clients to receive rapid direction.
This broker is popular all over the world including the United Arab Emirates
How Olymp Trade Withdrawals Work
Withdrawal requests may take anything from a few minutes to two days to be
processed, depending on the current state of the actual account. For starter
accounts, application processing may take up to two days; for advanced accounts,
one day; and for expert accounts, many hours of processing time are required.
The two currencies that may be used to make withdrawals are the US dollar and the euro.
There is no minimum amount that may be withdrawn from a brokerage account to a personal account. The customer is responsible for figuring out the bare minimum of payments.
To withdraw money, you must verify your account by providing your phone number and email address.
How to register an Account at Olymp Trade
The registration process and a virtual tour of your personal account are included in our effort to make your time with Olymp Trade as pleasant as possible.
- Go to the main page of Olymp Trade and click on the "Login" button if you already have an account there.
- After that, you'll need to enter your account's email and password. Alternatively, you can log in with your Google or Facebook credentials.
- The "Register" button will appear if you are visiting the broker's website for the first time.
- In the mini-questionnaire that pops up after clicking, you may input your contact information (such as name, email, phone number, and password) and choose the currency for your account. Additionally, you have the option of logging in using an existing Google or Facebook credential.
- The "Register" button will appear when you've entered all of the necessary information.
You may also trade online using your own account, of course. Enter your personal
information (name, email address, phone number) and protect your account using
two-factor authentication and a complex password under the profile settings in
the top right corner of the page.
On the left-hand side of the screen, you'll find access to the platform's settings and other tools. You'll be able to see all of the information related to your transaction there.
"Help" is located here, where you may contact the support service, analyst, or assistant as well as access the knowledge base and learn about Olymp Trade's changes. The training materials are located here.
The Settings button may be found on the left-hand side of the screen. Please choose the schedule parameters that are required for the platform's functioning here.
It's also possible to read the broker blog and attend webinars by clicking "Next" on the left side of the page. This is where you may create your work profile and add cash to your account. It also includes statistics on your transactions and an economic calendar.
This broker was founded years ago
Olymp Trade was founded in 2014 and is already a well-known name in the online
brokerage industry. It is always improving its services and providing its
customers with an easy-to-use and efficient trading platform. This platform is
widely regarded as one of the most trustworthy and popular brokers in the forex
Although Olymp Trade is not regulated in North America or Europe, it has been a member of FinaCom (the financial commission) since 2016. In addition, participation in Finacom is restricted to businesses who provide up to 20,000 Euros in client protection via the Finacom compensation fund.
Olymp Trade's key characteristics are as follows:
This platform provides a wide range of trading assets, including indices, major
currency pairings, cryptocurrencies and stocks from well-known firms such as
Microsoft, Apple and IBM. The platform's user-friendly design makes it ideal for
As a result of Olymp Trade's low minimum deposit, traders may begin trading on the platform without having to deposit large sums of money of their own.
Extensive training materials for its users are available, as well as instructional resources that may assist traders generate value. Auto trading is also supported on the site. In addition, it provides webinars, news, analyst aid, price charts, an economic calendar, and a plethora of other resources to help traders succeed.
What Is Olymp Trade's Minimum Deposit? The Olymp Trade minimum deposit is €/$10.
In Olymp Trade, how long does it take to get your money out? Within 24 hours of receiving the request, this broker typically processes the transaction and remits the monies to the customer. Meanwhile, the money-withdrawal procedure might take up to five days if there are any issues.
How long does it take to deposit money into an Olymp trade account? Depending on the payment source used by the trader, the deposited monies may be credited to the investor accounts instantly, or it may take up to two to five working days.
Whether or if Olymp Trade is a worthwhile investment is an open question. One of the best and most trustworthy brokers is Olymp Trade, according to many of its clients. With only a $10 investment, the trader has the potential to generate a tidy return.
Learn more about online trading brokers for UAE citizens and residents.
Sites like Olymp Trade in the UAE
Here is a list of top online brokers to open an account for trading Forex, Bitcoin, CFDs and Stocks in the UAE. These brokers have above-average reviews on sites like Reddit, Quora and Trustpilot; and are totally legit, safe and trustworthy for UAE citizens and residents.
The brokers listed on this webpage accept clients from within the United Arab Emirates. Most of these companies provide an online trading platform for fiat currencies (such as Pound Sterling, the Euro, the US dollar, Japanese Yen etc.), buying and selling of cryptocurrencies (for example Bitcoin, Ethereum, Tether, XRP etc.), stocks (this includes listings on Abu Dhabi Securities Exchange, Borse Dubai, Dubai Mercantile Exchange, Dubai Financial Market and NASDAQ Dubai), CFDs (Apple, Microsoft, Amazon, Google, Tesla etc.), UAE government and corporate bonds, and short-term to long-term fixed income securities.
- Binance - World's largest cryptocurrency e-wallet and exchange that also has an online trading platform, where their members can invest or trade in virtually hundreds of cryptocurrencies and new tokens. (Binance Review)
- IG Markets UAE - UK broker located at Tower 2, Level 27, Al Fattan Currency House, DIFC. (IG Markets UAE Review)
- City Index Middle East - London-city broker with a branch in the UAE. (City Index Middle East Review)
- eToro - Social trading platform, but much better options are available out there. (eToro Review)
- Forex.com - Google ranks them in the top 10 for the term "forex". (Forex.com Review)
- Plus500 - UK brand that has its own platform, OK for CFDs, with mediocre reviews. (Plus500 Review)
- AvaTrade - Regulated by ADGM's Financial Services Regulatory Authority (FSRA) in Abu Dhabi. (AvaTrade Review)
- FXCM.com - Oldest brand when it comes to retail online forex trading. (FXCM.com Review)
- ForexTime (FXTM) - Owned by Andrey Dashin from the Alpari broker fame. (ForexTime FXTM Review)
- Noor Capital - Licensed and Regulated by the UAE Central Bank and SCA. (Noor Capital Review)
- XM.com - XM broker is big in Africa and South East Asia, and now promoting themselves hard in the UAE. (XM.com Review)
- Pepperstone - Originally Australian, but licensed locally by Dubai Financial Services Authority. (Pepperstone Review)
- ADSS - Based out of Abu Dhabi and regulated by the Central Bank of the United Arab Emirates. (ADSS Review)
- Dukascopy Bank SA - Swiss bank that offers online forex trading on its own proprietary platform. (Dukascopy Bank SA Review)
- IQ Option - It's a below-average broker with no Dubai office, but does have a toll-free virtual number for UAE: 800 032 0891 -> No Arabic, English only. (IQ Option Review)
Reviewed by Arpita Singh
Arpita Singh is the main writer at ForexBroker.ae. As a senior investment professional with 10+ years of experience working at top-tier Private Equity and Sovereign Wealth Fund; she is also responsible for fact-checking concepts, reviews, and related details about brokers and exchanges listed on this website. Full Bio.