Olymphubs Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-06 14:37

Abstract：Olymphubs is a financial service provider that can offer demo accounts, Islamic accounts, Standard and ECN accounts. What's more, it pays a lot on customer support, offering assistance through live chat, email support, phone support, and a comprehensive FAQ section. However, currently it has no valid regulation.

OlymphubsReview Summary
Registered Country/Region	United Kingdom
Regulation	No regulation
Market Instruments	Forex, Commodities, Stocks, Indices and Cryptocurrencies
Demo Account	✔
Leverage	Up to 1:10
Spread	Starting at 0.10 points for equity futures
Trading Platform	MT4 & MT5
Min Deposit	RMB 10,000 (USD 1,500)
Customer Support	Phone: +44 7418 338884
	Email: support@olymphubs.com
	Physical Address: 20-22 WENLOCK ROAD LONDON ENGLAND N1 7GU

Olymphubs Information

　　Olymphubs is a financial service provider that can offer demo accounts, Islamic accounts, Standard and ECN accounts. What's more, it pays a lot on customer support, offering assistance through live chat, email support, phone support, and a comprehensive FAQ section. However, currently it has no valid regulation.

Pros and Cons

Pros	Cons
Diversified trading products	No regulation
Support MT4&MT5	The deposit threshold is up to $1500
Offer demo accounts
Offer Islamic accounts

Is Olymphubs Legit?

　　Currently it has no valid regulation.

What Can I Trade on Olymphubs?

　　Olymphubs offers traders the opportunity to trade stocks, ETFs, funds, bonds, options and futures, derivatives and structured products, in addition to CFDS on currencies, stocks, commodities and indices. Finally, it claims to offer 35 cryptocurrencies, namely Bitcoin, Ethereum and others.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Stocks	✔
Indices	✔
Cryptocurrencies	✔
Derivatives	❌
Structured Products	❌

Account Types

　　Olymphubs offers a total of 4 different types of accounts to traders-Demo accounts, Islamic accounts, Standard and ECN accounts.

Account Types	Demo	Islamic	Standard	ECN
Minimum Deposit	None	$100	$100	$500
Leverage	Up to 1:500	Up to 1:500	Up to 1:500	Up to 1:500
Spreads	From 1.0 pip	From 1.0 pip	From 1.0 pip	From 0 pip
Features	A free and unlimited trading platform that allows traders to practice their skills without risking any real money	No swap charges, access to a variety of trading tools, and a dedicated customer support team	24/7 customer support, educational resources, and a variety of trading tools	Ultra-low spreads, access to deep liquidity, and advanced trading tools

Olymphubs Fees

　　Olymphubs charges different transaction fees based on different account types, and there are also non-transaction fees, including overnight interest fees，deposit and withdrawal fees and inactivity fees.

Account Types	Islamic	Standard	ECN
Spreads	Starting from 1.0 pip	Starting from 1.0 pip	Starting from 0 pip
Commissions	None	None	Market-dependent, typically per-trade fees

Trading Platform

　　Olymphubs's trading platform is MT4 and MT5, which supports traders on the web and mobile.

Trading Platform	Supported	Available Devices	Suitable for
MT4	✔	Web, Mobile	Beginner
MT5	✔	Web, Mobile	Experienced

Deposit and Withdrawal

　　The broker supports four payment methods: debit/credit cards, e-wallets like Skrill and Neteller, bank transfers, and cryptocurrencies like Bitcoin.

　　In addition, its minimum deposit requirement ranges from $10 to $500 depending on the account type. And generally, the minimum withdrawal is around $10.