OlympTrade is a broker for binary options trading. They use a custom trading platform that offers trades starting at $1.
Broker Quick Facts
|Broker Type:||Binary Options|
While reviewing OlympTrade, we notice that they are using a custom trading platform for binary options. This platform is very simple to use and has over 60 assets to trade, including Bitcoin, the Russian Ruble and the Mexican Peso.
You can choose expiry times from 1, 5, 10, 15, 30, 60, and 90 minutes or 3 and 8 hours. Alternatively, you can set your own expiry time. Profits for successful trades are up to 80% depending on the asset. And trades can be made for as low as $1. OlympTrade has many signal providers available on their platform for traders to use.
It’s very important to read the brokers Terms and Conditions page carefully before opening an account. This will give you information about withdrawal procedures and bonus policies. The most common reason for broker complaints is because they didn’t know what restrictions and requirements would be necessary to process a withdrawal. Read more about this on our Complaints page.
OlympTrade offers a free Demo account so you can become familiar with trading before using your own money. Accounts can be funded with Credit Cards and many other payment processors like, Bradesco, Banco Do Brasil, and Bitcoin.
Their website is available in English, Русский, ไทย, Bahasa Indonesia, Português, Español, and Türkçe. In addition, their customer service is available 24/7.
Warning! Did you see an advertisement about an automated trading system that makes money while you sit back and watch? It’s a scam! Read how it works here.
If you are interested in a real Auto-Trading Robot, then first look at these.
License and Regulation
Our method of verifying whether or not a broker is a scam is simple. See if they have a license! Being that Binary Options trading is a financial service, most governments require that a broker have a license from their financial regulator. Some examples of regulators are CySEC of Cyprus, MAS of Singapore and ASIC of Australia.
As of this writing, OlympTrade does not have a license.
Did you know that there are over 250 active binary options brokers currently in operation? It’s always worthwhile to compare what other brokers are offering. Look into some of these other licensed brokers.
The OlympTrade website is owned by a company named Smartex International Ltd. Their Address is at: 103 Sham Peng Tong Plaza, Victoria, Mahe, Seychelles.