Olymp Trade

Founded in 2022, Olymp Trade operates as an online trading platform based in Vanuatu. It claims to offer 190+ trading instruments, including Forex, Stocks, Metals, Indices, Commodities, Cryptos, and ETFs via the proprietary platform. Demo accounts are available and the minimum deposit requirement to open a live account is as low as $10.

Pros and Cons

Is Olymp Trade Legit?

No. Olymp Trade claims to be regulated by the Vanuatu Financial Services Commission (VFSC), but its retail forex license (N.40131) is a suspicious clone.

Regulated Country	Regulated Authority	Regulatory Status	Regulated Entity	License Type	License Number
	Vanuatu Financial Services Commission (VFSC)	Suspicious Clone	Aollikus Limited	Retail Forex License	40131

What Can I Trade on Olymp Trade?

Olymp Trade offers more than 190 tradable assets including Forex, Stocks, Metals, Indices, Commodities, Cryptos, and ETFs.

Account Type

A free demo account and three types of live accounts, including STARTER, ADVANCED, and EXPERT, are available on Olymp Trade. However, these accounts were only given simple introductions without further details.

Olymp Trade also provides an Islamic account, sometimes known as a swap-free account. An account opening fee is charged when opening an Islamic account. And it promised no interest rates, swap charges or riba.

Trading Platform

Olymp Trade offers a self-developed Olymptrade Trading Platform which is available on Desktop, Mobile, Web platforms.

Deposit and Withdrawal

Olymp Trade accepts deposit and withdrawal methods including Bank Cards, UnionPay, Binance Pay, Tether (USDT TRC20), Bitcoin, Ethereum, Dogecoin, Solana, XRP, DAI, Tether (USDT ERC20), Tether (USDT BEP20), BNB, TRX, NETELLER, and Skrill.