Olymp Trade Review 2025: Is It Safe to Trade With？

What is Olymp Trade?

Founded in 2014, Olymp Trade has been operating for over a decade, expanding its services and user base considerably, now offering focused trading in fixed time trades (previously known as binary options in some regions) and Forex. Specifically, Olymp Trade operates two trading modes: Fixed Time Trades and Forex Mode. Fixed Time Trades refer to trades with predetermined expiration times, where traders predict market movement directions. Payouts typically range from 70-90% of the investment amount. Forex Mode is a more traditional forex trading approach with variable leverage (up to 1:500 for experienced traders). At the same time, it allows for more sophisticated trading strategies with customizable take-profit and stop-loss orders.

More details about this broker are listed below:

Olymp Trade	⭐⭐
Regulation	Not Regulated
Tradable Assets	Forex, Stocks, Fixed Time Trading, Cryptocurrency
Min. Deposit	$10
Max.Leverage	500:1
Live Accounts	A Live Account
Demo Accounts	Yes ($10,000)
Trading Platform	Olymp Trade (Desktop & Web App)
Promo Code	Yes

Olymp Trade Pros and Cons

✅Where OlympTrade Shines:

• Low minimum deposit ($10), making trading accessible for most investors
• Free demo account with $10,000 virtual funds
• Fully online account opening process

❌ Where OlympTrade Falls Short:

• Limited range of tradable assets
• Fixed time trades (binary options-style trading) carry high risk of capital loss
• Not regulated by major financial authorities
• Trading conditions vary by regions
• Simple poprietary platform rather than industry-standard MetaTrader
• Not available in certain countries (including the US, UK, and several EU countries)

Is Olymp Trade Legit ?

Registered Country		Operating Entity	Registered Institution	Registered Date
	Vanuatu	Aollikus Limited	VFSC	January 03, 2023
	St.Vincent and the Grenadines	Saledo Global LLC (Trading on Digital Assets)	FSA	December 11, 2019

Olymp Trade states that its services are provided by Aollikus Limited, a company registered in Vanuatu. Our search of the Vanuatu Financial Services Commission (VFSC) registry confirms that Aollikus Limited was registered on January 3, 2023.

Separately, trading in digital assets and digital asset denominated accounts are provided by Saledo Global LLC, registered in St.() Vincent and the Grenadines. We verified Saledo Global LLC's registration with the Financial Services Authority (FSA), finding a registration date of December 11, 2019.

However, the fact that Olymp Trade's entities are registered offshore does not guarantee reliability. Offshore jurisdictions often have less stringent regulations compared to major financial centers, which can result in reduced protection for traders.

Olymp Trade - Concerning Features to Reveal

Operating under Weak Regulation

Actually, Olymp Trade operates under minimal regulation, despite its claimed support from two entities: Aollikus Limited with VFSC regulation, and Saledo Global LLC with FSA registration in St.Vincent and the Grenadines. However, clients engaging with offshore-born entities get limited protection, and this comes from the fact that offshore regulatory criteria, being considerably less demanding than those of established financial centers, foster operational intransparency. Simply put, offshore regulations provide minimal protection during the whole trading process.

Extremely Low Minimum Deposit

Another concerning feature is that Olymp Trader promotes that its platform welcomes all investors with tiny minnimum deposit required. However, this is not necessarily good. Indeed, low-budget trading gives retail investors more courage to start real trading. However, more worryingly, starting small can easily lead to emotional trading and overtrading, especially for beginners. Furthermore, small - budget trading does not allows traders to employ some useful trading strategies, which can hinder a beginner's long-term trading growth.

Highly Risky Fixed Time Trading

Olymp Trade provides Fixed Time trades, a product with reducing market interest and known for its high-risk nature, it is not suitable for beginners at all. Notably, few brokers now provide such trading mode. Firstly, this kind of trading requires more complex regulation. Seondly, Fixed time trading comes with the 'all-or-nothing' nature, thus many forex brokers, particularly those well-regulated, have the minimal interest of offering this trading mode.

Demo Account with Limited Virtual Funds

While Olymp Trade offers a free demo account, it only includes $10,000 of virtual funds. Many investors may not realize that, despite its risk-free nature, demo trading contributes to a broker's operational costs. This explains why Olymp Trade demo account coming with limited virtual funds. First, this offshore broker wants to save its operation costs. More importantly, this broker is pushing clients to open funded real accounts to cover its operating expenses.

High Leverage Offering

Offshore brokers tend to be known for their higher and more flexible leverage offerings, as high as 3000:1 even higher. These brokers know traders' psychology well, and they lure traders with so-called generous leverage and mislead them into believing that it correlates with greater profits. However, the cruel truth is that, in more cases, high leverage magnifies greater losses. Most beginners, even professional traders ended up with failure by employing high leverage.

Olymp Trade Minimum Deposit

Trading with Olymp Trade does not cost much, and only $10 is enough to open a forex trading account. Offshore brokers often offer low minimum deposits, ostensibly for trading flexibility, but primarily to drive higher trading volumes and offset costs. The table highlights that Olymp Trade's unique position as an unregulated, low-deposit broker, compared to the $100-$200 minimums demanded by well-regulated counterparts.

Broker Name	Olymp Trade	Swissquote	IC Markets Global	FP Markets	Forex.com
Logo
Regulations	Unregulated	FCA, MFSA, FINMA, DFSA	ASIC, CYSEC	ASIC, CYSEC	ASIC, FCA, CYSEC, FSA, NFA, MAS, CIRO
Minimum Deposit	$10	$1,000	$200	$100	$100

Olymp Trade Login

Notably, Olymp Trade does not provide services to those in Europe, the United States, Canada and Japan, among other countries. Therefore, investors who come from these regions are not allowed to open accounts with Olymp Trade. When registering a trading account, you must set a unique memorable password to avoid login issues if forgotten. Once you encounter difficulties logging into your account, click the “ Forgot Your Password” to reset it.

Withdrawal Issues - Some User Reviews on Olymp Trade

Olymp Trade Withdrawals - Not fast as advertised

Regulations determine whether investors will choose a broker at first, while secure and fast with withdrawal systems finally decides the broker reputation. Despite advertised quick withdrawals, the reality tends to differ a lot: withdrawal processes are often problematic, negatively impacting trader experience.

Olymp Trade supports withdrawal through bank cards, cryptocurrency and e-wallets (Neteller and Skrill). And you can only withdraw funds through the same payment you make deposit. Withdrawals are permitted in amounts ranging from $10 to $15,000 per request.

Withdrawal Time: Olymp Trade boasts that over 95% of requests are completed within 24 hours, with over 70% completed within an hour. However, the real withdrawal time quite is different from what it advertises: Over 50% traders complaint that they experienced delayed withdrawal time, and the longest withdrawal time extended to 3 months. I tested withdrawal on the Olymp Trade platform via Skrill, and it tooks nearly two weeks to receive my money.

Withdrawal Fees: Olymp Trade typically waives internal withdrawal fees, though exceptions exist for USDT accounts, USDT and cryptocurrency withdrawals, and non-trading activity.

More User Reviews on Olymp Trade Withdrawals

Online reviews can tell the broker reputation to some degree. Thus, reading user reviews online can help users to identify potential problems and reduce risks. However, Olymp Trade trading services are largely met with unfavorable reviews. Here I picked some reviews get a clearer picture of this broker.

Case 1: They are keeping my money

On February 14, 2025, a trader reported that their withdrawal request, submitted 30 days prior, remained unresolved without explanation from Olymp Trade. The trader expressed significant frustration with the broker's lack of response and poor customer service.

Case 2: Withdrawal issues - Unprofessional Customer Service

Another trader, posting on February 24, 2025, detailed that Olymp Trade had blocked their account without giv ing any reason. Adding to their distress, their withdrawal remained pending, leaving them without access to their funds. This led to great frustration with the broker's practices.

Case 3: Did not send withdrawal, sharing a fake payment screeshot

This trader posted on November 09, 2024 that Olymp Trade didn't send his money back, and more ridiculously, they gave him the fake payment screenshot. He had made two withdrawals in total and this broker had sent him fake payment screenshots two times. Thus, this victim identified Olymp Trader as a scam, and warned potential traders to stay away.

Case 4: Withdrawal money shows on process next day it was gone

This trader posted on December 09, 2024 that trading went well on the Olymp Trade platform, however, when it comes to withdrawal, Olymp Trader became to change face, and their custiomer service team said that withdrawal need to be processed within 3 days or 30 days, quite different from what it advertised before.

With vast broker options, Olymp Trade still gained some popularity though its shining features like flexible trading leverage, low minimum deposits, and the mobile app offered. However, we don't consider this broker solid, owing to its risky sides, such as weak regulation, delayed withdrawal time, and the less-robust trading platform.

Olympe Trade is suitable for:

• Traders who prefer flexible leverage, such as scalper & high-frequency traders, and focus less on regulation
• Beginners who purely want to experience live trading with minimal capitals and controlled trading frequency
• Experienced traders who prefer fixed time trading and bear great trading risks

Olymp Trade is not suitable for

• Traders who want trade on a more diversified range of markets, aside from forex and cryptocurrency trading
• Traders who want to trade in a secure and regulated trading environment for enhanced vestor protection.
• Traders who require trading flexibility to switch between account types.