What Is Olymp Trade Platform? Review 2019

Welcome to my Olymp Trade Review 2019!

The reason why you are here is to know about Olymp Trade and what it does. You are in the right place! There are a lot of online platforms that gives you a lot of promises. Some are legit and some are too good to be true! That is why I would like to congratulate you for taking your time to do research about olymp trade before you decided to join this platform.

There are tons of binary option trading platform in the internet nowadays and the first thing you need to do before investing your money is to do research about the platform. It is a must! Why would you invest on something you know nothing about? This applies in any businesses that you would like to take part.

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PS: Everything that I am going to share with you in this review is based on my personal experience trading at Olymp Trade Platform. I am doing this review not to promote the website but to help people understand if this platform can really help people to earn money online or it is just a waste of time.

Olymp Trade Overview

Olymp Trade

Owned by: Inlustris LTD

Minimum Investment: $10

Website URL: Olymptrade.com

Rating: 6 out of 10

Recommended: Yes and No for some reason

Olymp Trade is a binary option trading platform founded in 2014. It is a multi-asset trading platform meaning, you can trade on currencies, commodities, stocks, indices and crypto currencies. The good thing about Olymp Trade is the minimum investment of $10 and you can actually open a trade with $1. It is also a legitimate online trading platform so I guarantee that you will have all your winning trades in your bank account.

Olymp trade Legit!

Pros & Cons

The Good!

  • Minimum investment is $10
  • You can open a trade if you have a dollar
  • Reliable support
  • Trade anywhere using phone app
  • user-friendly and easy to navigate platform
  • Fast withdrawal
  • Cancel your trade if losing.
  • 82% return of investment
  • VIP up to 90 to 92% return of investment.
  • Virtual Currency for practice trading

The Bad!

  • Trade on your own risk!
  • $10 won’t make you rich!
  • Unreliable Education
  • Addictive that will sometimes lead you to invest more and lose

I know the risk of trading on binary option platforms specially if you are just gambling and doesn’t do research about the market. You might lose a lot of money.

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Investment and VIP

Olymptrade regular account

Except the minimum $10 investment, Olymp Trade offers other option on how much you are willing to invest in their platform. Some of their investment options have bonuses that will add up to your investment. The not so good thing is that you cannot withdraw those bonuses, you can only use it for trading. Here are the list of investment with bonuses:

  • $10 – No bonus
  • $20 – No bonus
  • $30 – 3% bonus total of $33
  • $100 – 20% bonus total of $120
  • $200 – 20% bonus total of $240
  • $300 – 30% bonus total of $390

I did invest $300 and got $390 in total. I started trading and everything was lost because I don’t have enough knowledge to trade. I am just relying on the education that the platform have. If you are planning to invest and start trading then you have to make sure that you have enough knowledge about trading and techniques or else it’s better to give me all your money rather than losing it. LOL!

VIP

They also have VIP membership that will open a lot of opportunity for their users to maximize the use of their platform. Only if, you are willing to investment a big amount of money. In terms of Forex, The first rule you have or must do is trade 2% of your investment only or no more than 5% of your investment. This rule is also applicable when trading in binary options. For example, you have invested $100, then you should only trade 2% which is $2.

What I am trying to say is, the more money you invest, the higher profit that you will have if you are planning to follow the 2 to 5 % rule. There are only two Investment options if you are planning to become a VIP member at Olymp trade:

Olymp Trade VIP

  • $2000 – 30% bonus total of $2,600 with 1 risk free trade
  • $5000 – 50% bonus total of $7,500 with 3 risk free trade

Being a VIP member have a lot of benefits. Here are the following:

  • Personal VIP Consultant.
  • Up to 90 to 92% percent return of investment when winning a trade.
  • Risk Free Trades – Trading without losing.
  • Maximum Trade amount – $5000
  • Private webinars
  • VIP strategies
  • Trading signals
  • VIP exclusive events
  • 24 hours withdrawal process

Take note that with all these benefits it is not guaranteed that you will earn money just by relying on from these offers. You must do your research and learn technical and fundamental analysis.

Olymp trade Education

Olymp Trade have their own education for you to start trading on their platform but based on my experience, It is not sufficient that you will just rely on their education. For starters, it’s the easiest way to start your trading journey but as you move on you must do your own research to improve your knowledge. Here are the list of techniques and education that you will learn when you start trading:

Trend Indicators Education:Trend Indicators

  • Parabolic SAR
  • SMA
  • Sintement
  • Bollinger Bands
  • EMA
  • Ichimoku Cloud
  • ZIGZAG
  • WMA
  • Average Directional Index
  • Alligator

Strategy Education:Olymp Trade Strategy

  • The Moving Average
  • MACD Professional
  • Japanese Standard
  • The Japanese Pearl
  • Reflection
  • Relative Strength Law
  • TRIO
  • Early Start
  • Japanese Trend
  • The Demark Method

 

At first, I thought that the only way to earn money online is through trading at binary option platform but I was wrong. If you want to learn what I have learned then click the link below!


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Olymp Trade Analytics

Under the Analytics, you can see what is happening in the market including, Economic Calendar and Trading Signals. There are two techniques that you should know before you start trading. The fundamental analysis and Technical analysis.

In my Experience these two are essential when you plan to start your trading journey. Specially the Economic calendar where you will see all the events that will have a big impact in the market. There are some traders too, that only relying on technical rather than fundamental analysis.

Economic Calendar

Economic Calendar

Trading Signals

Olymp Trade also provides you a signal on every asset that you would like to start trading. This signal is just to give you an idea what is the trend of an asset but it does not guarantee that you will win a trade if you follow the signal provided. From 1 minutes time frame, to weekly, you will see the trend of an asset if it is going up or down.

Asset Signal

How to Start Trading?

It pretty easy to start trading at olymp trade. But before you start depositing some real cash, I would suggest that you start trading using the virtual currency provided by olymp trade before you start using your hard-earned money.

All you need to do is to look for an asset that you would like to start a trade. For example, I chose to trade on EUR/USD in 1 minute time frame and a 5 minutes expiry time. If you are a smart trader then the very first thing you need to do is to analyze the market and chart, check the trend etc before you start your trade. If you are a gambler then all you have to do is to predict whether the asset is going up or down.

Enter the amount that you would like to invest on EUR/USD pair and start your prediction.

All you have to do is wait till your time expires then you will have your result. That’s how easy to trade.

Here is a short video from Youtube on how to start trading.

Very Risky

Trading without proper knowledge will take all your life savings like what happen to mine. If you are planing to make an investment and start trading then you must learn how to minimize the risk my studying fundamental and technical analysis. There are a lot of opportunities online that is not risky so don’t get stuck on trading platform as your only option to change your life.

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If you ever need a hand or have any questions, feel free to leave them below and I will be more than happy to help you out.

All the best,

Ford Juan

founder of Affiliate Entrepreneur

email: ford@affiliatentrepreneur.com

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About the author

Ford Juan is an Entrepreneur for 4 years from 2011 to 2015. From 2015 he started Online Entrepreneur and now he is currently a Full-time Affiliate Marketer at Wealthy Affiliate. The No. 1 Best Affiliate Marketing Platform in the world.

Comments

  1. Hey Ford.

    What a great review, very informative and I loved the information you gave us and also the fact you made points based on personal experience. This platform looks pretty interesting and maybe one day I might have a play around on it, after doing my research though, Lol. Thanks for creating this detailed review.

    1. Hello Tuawhenua! Thanks for appreciating my article! Yes you should do lots of research and study if you want to sustain your income through binary options. There are a lot of binary option trading platform out there and all of them can take your money in an instant if you just plan to trade without learning some techniques. I am talking about fundamental and technical analysis. If you are planing to do trading in the future, better be prepared than sorry. If you still have any concerns, please feel free to leave them below and i will be more than happy to help you out! thanks.

  2. Yeah, that minimum investment sounds tempting, but when you mentioned that the education is unreliable, it is concerning. It sounds like someone would really need to already know what they are doing before diving in because it does not seem newbie friendly. Especially with the risk associated.

    1. Hi Lynn! That’s right. Always do dig ups before investing on something that you really don’t have any Idea. Well, there are people, lots of people who really earned a lot from trading but it is because they do research on the financial world and do some technical analysis. If you still have any question feel free to leave them below and i will be more than happy to help you out. Cheers!

  3. I agree with this article as i have being a victim of these fake brokers. I invested about $590K at MAGNUM option and all I could do in my first withdrawal was $59k. Then my money started going down the drain till I was left with only the bonus. They said i couldn’t withdraw until i fund my account again. The trend continued and I lost everything. Not a single dollar was left.

    I almost died knowing i was scammed. I was very determined to get my money back so i had to hire a wealth recovery expert who recovered 80% of my money including my bonuses to me. The moral of this story is for everyone to be very vigilant about the kind of broker you invest with and if you have lost some money, don’t give up the quest to get your money back.

    1. Hi Kendrick! I am sorry for your loss but good to know that you got back 80% percent of your investment. Are you still investing money on Binary Options? I suggest that you do your research before investing again and make money from trading.

      Did you know that you can make business about Binary options through Blogging? There is a platform called “Wealthy Affiliate” that will teach you step-by-step on how to start blogging and how to start to build a profitable Affiliate Marketing Business, Click Here to Check my Full Review!

  4. I agree with this article as i have being a victim of these fake brokers. I invested about $590K MAGNUM option and
    all could do in my first withdrawal was $59k. Then my money started going down the drain till i was left with only
    the bonus they said i couldn’t withdraw until i fund my account again. The trend continued and i lost everything.Not one dollar was left. I almost died knowing i was scammed. I was very determined to get my money back so i had to hire a wealth recovery expert (jamespitz19@Gmail. com) who recovered 80% of my money including my bonuses to me. The moral of this story is for everyone to be very vigillant about the kind of broker you invest with and if you have lost some money don’t giveup the quest to get your money back

    1. I am sorry for your loss Kendrick. Good thing you got 80% of your investment. It is really hard to trust brokers now especially around the Internet. The best way to do is research before investing money. There are some people too who loss money but not because of the brokers but because they lack the knowledge they need to trade. I always suggest that before start investing on trading, you should have the proper knowledge about financial market.

      It is not always about Binary option or Forex around the Internet. There are so many ways to earn money without risking a penny. One of the ways to earn is Affiliate Marketing or Blogging. If you are still into trading then you can build a website related to trading. You can do It all through Wealthy Affiliate Platform. Best Affiliate Marketing Platform around the Internet that can teach you step-by-step on how to build a profitable online business. Try it out, It is completely free to join.

      If you ever need a hand on something, feel free to leave them below and I will be more than happy to help you out. Thanks.

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