Score
Saint Vincent and the Grenadines
|
2-5 years
| https://official.olymptrade-my.com/lands/LPL60-01-03/index.html
Website
Rating Index
Influence
D
Influence index NO.1
Indonesia 2.59
LicensesNo valid regulatory information, please be aware of the risk!
Saint Vincent and the Grenadines
olymptrade-my.com Czech Republic| Olymp Trade Review Summary | |
| Founded | 2021 |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | No regulation |
| Market Instruments | Forex, Stocks |
| Demo Account | ✅ |
| Leverage | / |
| Spread | / |
| Trading Platform | Proprietary trading platform |
| Minimum Deposit | / |
| Customer Support | 24/7 Live Chat |
Olymp Trade is an unregulated broker offering Forex, Fixed Time trades, and Stocks. It provides a free $10,000 demo account, charges no commissions, and features a proprietary trading platform.
| Pros | Cons |
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Olymp Trade is an unregulated broker. The WHOIS search shows the domain olymptrade-my.com was registered on January 29, 2021. Its present state is “client transfer prohibited,” which indicates the domain is locked and cannot be moved to another registrar.
Olymp Trade offers trading in Fixed Time trades (starting from 1 minute with a fixed rate of return), Forex (with no spreads and extended trade settings), and Stocks (for long-term investments, including major companies like Apple and AMD).
| Tradable Instruments | Supported |
| Forex | ✔ |
| Stocks | ✔ |
| Commodities | ❌ |
| Indices | ❌ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Olymp Trade offers a free demo account with $10,000 for risk-free learning, and also provides access to ready-to-go trading strategies developed by professionals to help increase efficiency.
Olymp Trade charges no commissions for investors.
| Trading Platform | Supported | Available Devices | Suitable for |
| Proprietary trading platform | ✔ | Desktop | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
I started with the olymp trade demo account, which gave me $10,000 virtual funds. It was perfect for testing olymp trade forex and fixed time trades without risking my capital, and it’s accessible right after you complete your olymp trade login.
They use their own proprietary platform, both web and mobile. I was a bit disappointed there’s no olymp trade mt4 or MT5 support, so if you’re used to MetaTrader, you’ll need to adapt.
The answer to is olymp trade legal really depends on where you live. In my country, unregulated brokers are not illegal, but I always weigh the risks before depositing. Personally, I treat it as a high-risk platform and avoid committing large funds.
Definitely. The biggest con I’ve experienced is the lack of regulation, which affects trust. There’s also limited transparency on spreads, leverage, or the olymp trade minimum deposit, making it harder to plan trading capital requirements.
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