Olymptrade Review - Is it Safe and Legal? [2025]
Our rating: 4.7/5
We recommend trading with Olymptrade, here’s why:
and try the free $10,000 demo account
Olymp Trade (now officially branded as Olymptrade) is a globally available, regulated trading platform that lets you trade binary options, forex CFD, and even real stocks in one easy-to-use app.
Since 2014, Olymptrade has attracted over 130 million users from more than 130 countries — including India, Brazil, South Africa, and Indonesia — so you’ve probably seen it mentioned on YouTube, Telegram, or social media, often promoted as a fast way to make money online.
But is Olymptrade a safe broker and can you actually make money on it as a beginner? The short answers are:
Yes, Olymptrade is the safest fixed time trading platform we’ve tested, as it is regulated by the Vanuatu Financial Services Commission (VFSC), and is also a certified member of the International Financial Commission (FinaCom), which means that your money is protected by multiple legit organizations.
Yes, you can make money on Olymptrade in the long run, but not by using “100% guaranteed strategies” from YouTube or Telegram bots.
Key takeaway: Olymptrade is a real and legit trading platform because it is regulated, provides real investor protection, and offers a simple environment where beginners can learn how to become profitable traders in the long run. If you are a beginner trader, Olymptrade is our #1 recommendation.
Olymptrade Features – Simple, Safe, and Built for Beginners
Olymptrade combines ease of use and high profitability with powerful tools that help you trade smarter, not just gamble.
Safe
Is Olymptrade Safe or Scam?
Yes, Olymptrade is safe and is not a scam because it is regulated by the VFSC and has established trust in the global trading community by earning awards, strategic partnerships, and a large user base. The trading platform received multiple awards for transparency and trading experience, making it a reputable choice for traders globally.
Below are 5 reasons why Olymptrade is considered a real and legit trading platform:
1. Regulated by the VFSC
Olymptrade is registered with the Vanuatu Financial Services Commission (VFSC), which is a popular regulator among offshore brokers. Although VFSC is not as strict as FCA or SEC, the commission is operated by the Vanuatu Government.
The VFSC regulatory framework includes:
- Client fund segregation – your money is kept separate from company funds
- Professional indemnity insurance – up to $500,000 per case
- Regular audits and enforced AML/KYC compliance
2. Category A member of the International Financial Commission
Since February 22, 2016, Olymptrade has been a Category A member of the International Financial Commission (Finacom), an independent dispute resolution organization for online trading platforms. This membership:
- Adds an extra layer of trader protection beyond VFSC regulation
- Covers disputes up to €20,000 per case through Finacom’s compensation fund
- Confirms strict compliance and transparency standards
As part of this membership, Olymptrade is audited monthly by VerifyMyTrade (VMT), a service that analyzes a random sample of 5,000 live order executions to ensure that trades are filled fairly and at market-accurate prices. This is especially important because unregulated or scam brokers often manipulate trade execution to cheat users.
Being a Category A member means Olymptrade voluntarily subjects itself to third-party accountability, a strong indicator that it values trader trust and fair treatment.
3. Trusted by 89+ million traders and won 17 awards
With over 89 million active traders worldwide, Olymptrade has established a strong reputation in countries including India, Brazil, Indonesia, and South Africa. The platform has received numerous awards recognizing its transparency and user experience, including:
- Most Transparent Broker - World Finance Magazine, 2023
- Best Trading Experience Broker - FxDailyInfo, 2023
- Most Trusted Financial Broker LATAM - World Business Outlook, 2023
- Best Online Trading and Investment Platform MENA - World Business Outlook, 2023
4. Positive User Reviews
Olymptrade consistently receives high ratings across popular review platforms:
- Trustpilot: 3.8/5 Trustscore
- Google Play Store: 4.2/5
- GetApps: 4.5/5
- Mouthshut.com: 3.74/5
- Sitejabber: 4.5/5
Users often highlight the platform’s clean UI, demo features, responsive support, and education tools and there are only a few complaints about blocked accounts, which is very positive.
5. Strong partnerships and charity programs
Olymptrade strengthens its industry reputation as a trustworthy, reliable broker through strategic partnerships and corporate social responsibility initiatives. This includes official partnerships with sports legends like Ronaldinho and Shikhar Dhawan to improve its visibility and credibility in the trading community.
The platform also has a strong focus on charitable work, hosting 8 events in 2022 alone. Causes include “Cooking Up Change”, an initiative where a portion of each transaction goes to charity, and partnering with Muslim Charity, which has delivered 20+ tons of food packs. These efforts reflect Olymptrade’s dedication not only to its clients but also to giving back to communities.
Is Olymptrade legal?
Yes, Olymptrade is a legal trading broker that operates globally under a financial license, but it does not hold local licenses in any specific country.
Olymptrade is operated by Aollikus Ltd and licensed by the Vanuatu Financial Services Commission (VFSC), a recognized offshore financial regulator. This means the company is legally registered, complies with AML/KYC regulations, undergoes audits, and meets minimum capital requirements.
However, Olymptrade does not hold local trading licenses from regulators such as SECP (Pakistan), SEBI (India) or CVM (Brazil). As a result, most local authorities classify Olymptrade as an “unauthorized trading platform,” which means that Olymptrade is considered illegal in countries like India.
Note: Olymptrade affiliates are allowed to promote the platform independently since affiliate activity is outside the broker’s official responsibility.
Many international brokers operate this way: remaining unlicensed locally but using affiliate partners for visibility. This model allows Olymptrade to avoid restrictive local regulations (such as limits on leverage, trading products, or funding methods) while maintaining an active presence and user base in countries like India, Pakistan, and Brazil.
What this means for you as a trader:
You can legally open an account and trade with Olymptrade at your own risk in most countries.
You won’t be protected by local regulators in case of a dispute.
Instead, Olymptrade falls under VFSC regulation and FinaCom membership, which includes audits, dispute resolution, and up to €20,000 compensation per claim. We consider this setup safe enough for the average trader.
This setup gives you more freedom as a trader, such as access to fixed time trading (FTT), higher leverage, crypto deposits, and simplified account rules, compared to most locally licensed brokers that enforce strict limitations.
Olymptrade Platform Overview
Olymptrade gives you one app for Fixed Time Trading, forex, and real stocks—on desktop, web, or Android. Whether you want short-term profit or long-term investing, the platform is designed to be simple, flexible, and accessible even if you’re trading for the first time.
Olymptrade has 190+ regional and global assets across trading modes, making it ideal for diversifying your portfolio. Here’s an overview of the assets you can trade with Olymptrade one each trading modes:
- Currency pairs (USD/JPY, EUR/USD)
- Global indices (S&P 500, NASDAQ)
- Crypto (Bitcoin, Ethereum)
- Commodities (Brent, Natural Gas, WTI Crude Oil)
- ETFs and real stocks (Tesla, Amazon, Nvidia)
Whether you're using the browser version, desktop app, or Android app, your trades sync across devices, and all versions offer full access to Olymptrade's asset list, demo account, and trading tools.
Our tip: We recommend using the desktop or browser version for deeper analysis, while the mobile app is ideal for quick trades and notifications on the go.
Olymptrade supports multiple devices, so you can trade anywhere, anytime. Here's what you get with each version:
Desktop App
Olymptrade’s desktop app is a fully-featured trading platform that is available on PC, Mac, and web-based versions. The desktop platform includes essential trading tools like customizable indicators, charting tools, and educational resources that allow users to execute trades, track market conditions, and analyze trends. One of the unique features of the app is automated trading, where you can set the app to automatically open trades based on your set conditions.
Mobile App (Android)
The Olymptrade mobile app is a trading platform that is optimized for Android devices with over 100+ million downloads on Google Play Store alone. You can download the app on Google Play Store, Xiaomi GetApps, and Galaxy Store, the app includes all of the features found on the desktop version, including 30+ indicators, 190+ assets, and access to a free demo account.
Key takeaway:
Use the desktop app for deeper analysis, multi-window charting, and automated strategies.
Use the mobile app for quick trade entries, notifications, and account monitoring on the go.
Available Trading Types
Olymptrade offers three trading types — Fixed Time Trading (FTT), forex CFD, and real stock trading — each with different risk levels, profit potential, and trading mechanisms designed to suit beginner to advanced traders.
Fixed Time Trading (FTT) – Fast trades, high risk
Olymptrade’s flagship trading type is Fixed Time Trading (FTT), which is essentially binary options trading: You choose an asset, a trade amount, a direction (up or down), and a time window, ranging from 1 minute to several hours. If your prediction is correct at expiry, you earn a fixed payout; if not, you lose the trade amount.
FTT on Olymptrade typically offers payout rates between 70% and 92%, depending on asset volatility, expiry time, and market conditions. For example, EUR/USD trades during peak hours often return 82%–88%, while less liquid assets or off-hours can drop below 70%. This is competitive, though not necessarily the highest in the industry — some binary-only platforms offer higher fixed returns, but with lower execution quality.
What sets Olymptrade apart is its customizable expiry times (every 15 seconds), built-in risk controls like early trade closure (available in some cases), and access to trading tools such as trend indicators, support/resistance overlays, and education materials — all directly integrated into the FTT interface.
There are no commissions or spread fees in FTT mode; Olymptrade earns from your losing trades, which is standard for this trading model.
FTT is easy to learn and exciting, but very risky. We recommend starting in demo mode and limiting real trades until you fully understand the mechanics.
Olymptrade Forex mode – Flexible trades with leverage and stop-loss
Olymptrade’s forex trading mode offers Contracts for Difference (CFDs) on major currency pairs, commodities, and indices. In this mode, there’s no fixed expiry; you open a position and close it manually or via stop-loss/take-profit orders. The main advantages here are flexibility, leverage, and real-time pricing based on global liquidity providers.
Trades can be opened with leverage from 1:1 up to 1:500, and spreads are generally 1–2 pips for major pairs like EUR/USD, which is competitive compared to entry-level CFD brokers. Note that higher account statuses will also reduce trading fees by up to 20% (Expert status).
Unlike FTT, forex mode charges spreads and overnight fees (swap) for leveraged positions held past market close. However, Olymptrade does not charge a direct commission per trade, which keeps fees relatively simple to understand. An inactivity fee applies after 180 days of no trading activity.
What differentiates Olymptrade’s forex mode is its simplicity and visual clarity. It’s built for beginners transitioning from FTT to real-market exposure: you still see clear risk indicators, projected PnL, and can place trades with just a few clicks. You can also switch between demo and live accounts instantly, a rare convenience among regulated forex brokers.
Olymptrade Stocks – Fractional shares without leverage or fees
Olymptrade also offers real stock trading, allowing you to buy and hold fractional shares of companies like Apple, Google, Amazon, and Tesla. This mode is designed for long-term investors who prefer lower risk and don’t want to use leverage. Dividends are not paid directly, and you don’t receive voting rights, as Olymptrade acts as a contract-based intermediary rather than a direct share custodian.
There are no overnight fees or expiry limits, but you only pay a small percentage “success fee” if you sell your stock with profit. Unlike many FTT or CFD brokers, Olymptrade lets you start investing in stocks with as little as $1 per trade, making it accessible for low-capital users.
This is especially useful in regions like Brazil, Indonesia, India, or Pakistan, where no local broker offers fractional stock access for international equities without complex paperwork or high minimums.
Can You Really Make Money with Olymptrade?
Yes, you can make real money on Olymptrade, but not by using the "100% guaranteed strategies" you see on YouTube, copy-paste trading signals, or automated bots that promise risk-free profits.
Social media influencers often show someone making $1,000 in just a few minutes using Fixed Time Trading (FTT). It looks effortless, but in reality, fixed time trading is extremely risky and almost impossible to profit from in the long run. You’re betting on short-term price movements with zero control over the outcome, and the payout structure is designed to favor the broker.
But that doesn’t mean you can’t make money with Olymptrade.
The real opportunity lies in forex and CFD trading, where you have more control, better tools, and far more consistent profit potential. With leverage up to 1:500, even small market moves can generate big returns. Many disciplined Olymptrade users earn 20-200% per month, depending on their strategy, capital, and market conditions.
You don’t need to become a pro trader to reach those numbers—you just need to learn the basics: how to manage risk, use simple indicators, and follow clear entry and exit rules. Then, practice, practice, practice.
In the next section, we’ll walk you through a beginner-friendly way to use Olymptrade safely and profitably, step by step.
Note: This is not financial advice, just a general explanation of how experienced users approach the platform.
How to Use Olymptrade as a Beginner?
To use Olymptrade effectively, avoid Fixed Time Trading and focus on forex or CFD trading with leverage instead. This approach gives you more control, lower risk, and a realistic chance to earn 40–60% returns per trade, which is in a similar range to FTT, but without the unfair payout structure or all-or-nothing outcomes.
Let’s walk you through a practical, step-by-step setup that shows exactly how to trade this way on Olymptrade.
Step 1: Practice forex trading on your demo account
Olymptrade gives you a free $10,000 demo account. Use it to trade forex, not FTT. Forex gives you full control: you decide when to close the trade, how much to risk, and what profit level to aim for. It’s not about clicking a button and hoping for the best, you actually manage your trade.
Use this demo to test different Olymptrade strategies, indicators, and timeframes. Don’t rush to go live. Treat the demo like real money and build discipline before risking your own funds.
Step 2: Use predefined strategies or basic indicators
Olymptrade offers free built-in strategies for forex and FTT, and popular indicators like RSI, MACD, Bollinger Bands, and Moving Averages. Start by choosing one strategy or indicator, but don’t overload your chart.
Each tool on Olymptrade has a short video tutorial inside the platform. Watch these to understand how they work and how to use them.
Your goal here is to understand when to enter a trade and when to exit. Keep it simple. You don’t need a complex system, just something you can repeat and trust.
Step 3: Use 5–10% of your balance per trade with up to 50x leverage
Start with small but meaningful trade sizes. If you have $100 in your account, open trades worth $5–10 using up to 50x leverage. This means a small price movement of 1% in your favor will give you a 50% return, very similar to what you’d expect from a successful FTT trade.
The difference? You’re not gambling—you’re managing risk, and you can close the trade anytime.
Step 4: Set clear stop loss and take profit levels
For each trade, set your stop loss around 30% and your take profit around 50–60%. This gives you a strong risk-reward ratio while staying realistic about market volatility.
If your trade hits the stop loss, you only lose a small portion of your position. But when your take profit is triggered, you make a big gain, especially with leverage.
You don’t have to win every trade. If you win 2 out of 5 trades with this setup, you’re still profitable.
Step 5: Open a real account and stay disciplined
Once you feel confident and consistent on the demo account, it’s time to go live. Deposit only what you can afford to lose—$50–$100 is enough to start and continue using the same system you tested before.
Be patient. Some trades will take hours or even days to close with a good profit. But unlike FTT, where you lose everything in seconds, forex gives you time, control, and a real chance to build consistent profits.
Account Opening
To open an account, you can either go directly to the Olymptrade website or download the mobile app from Google Play Store or GetApps.
How to register a new Olymptrade account?
- Visit the Olymptrade website or app.
- Click the “Registration” button at the top right corner of the screen. You may also see “Open live account” or “Open demo account” buttons on the homepage.
- Enter your email address and create a password, or sign up using Apple ID, Facebook, or Google.
- After registration, you’ll receive a brief introduction to the platform and can immediately start practicing on the demo account.
- When ready, you can make your first deposit and start live trading.
- To deposit, click the “Payments” button at the top left of the trading page, select “Deposit,” choose your payment method, enter the deposit amount, and confirm.
- It's a good idea to verify your account before making a deposit to fully comply with the broker's KYC policy, as well as enable two-factor authentication at login to protect your Olymptrade account.
Account Types
Olymptrade provides a demo account and three live accounts, which are denominated in USD, EUR, and USDT. The demo account allows you to practice risk-free, while the live accounts are categorized based on the currency selected during registration. The live accounts support deposits and withdrawals in either fiat or crypto (USDT).
You also have the option to request an Islamic account by contacting customer support.
1. Islamic Account
Olymp Trade offers an Islamic account that is designed to comply with Sharia law. This means that the account is free from interest rate swap fees, also known as swaps. Additionally, the account has negative balance protection, which helps to mitigate the risk of significant losses.
2. Demo Account
Olymptrade offers a fully functional demo account that includes 10,000 units of virtual currency, which is refillable and mirrors the live account environment. This account allows you to practice trading with all the platform’s tools, market conditions, and trading instruments without any financial risk, giving you a chance to explore the platform’s features and strategies before moving to a live account.
3. Account Statuses
Olymptrade has a tiered account status program that rewards users with benefits based on their deposit level. Here’s an overview of each account status:
Status | Starter | Advanced | Expert |
|---|---|---|---|
Minimum deposit | No minimum deposit | $500, €500, or USDT 100 | $2000, €2000, or USDT 500 |
FTT profitability | Caps at 85% | Up to 89% | Up to 93% |
Features | Basic functionalities |
|
|
Simultaneous opened positions on FTT | 20 (FTT), 50 (FX) | 50 (FTT), 100 (FX) | 100 (FTT), 100 (FX) |
Commission discount on forex | No discount | Up to 10% | Up to 20% |
Deposit and Withdrawal
Olymptrade offers a variety of deposit and withdrawal methods to ensure convenience and accessibility for users around the globe. With options that include bank cards, online banking, e-wallets, and cryptocurrencies, Olymptrade accommodates a broad range of preferences for funding and withdrawing from trading accounts. The platform's low minimum deposit and absence of transfer fees on most methods make it attractive to new traders.
Deposit Methods
Olymptrade supports multiple deposit methods based on your location, including:
- Bank Cards: Credit cards, debit cards, and China UnionPay.
- Online Banking: Examples include Caixa, BDO, and OCBC Bank Singapore.
- E-wallets/E-payment Systems: Includes Perfect Money, Skrill, Neteller, and GCash.
- Cryptocurrencies: Supports USDT, Bitcoin, Ethereum, and Dogecoin, offering more options for crypto users.
Minimum Deposit Amount
The minimum deposit amount on Olymptrade is set at $10/€10 for most methods, including bank cards, online banking, and popular e-wallets like Skrill and Neteller. However, some cryptocurrencies, like TRX, XRP, and Binance Coin, require a minimum deposit of $20/€20, depending on the specific currency.
Promo Codes and Welcome Bonus
Olymptrade offers promo codes that give a welcome bonus of up to 100% for new traders, depending on your first deposit amount. The OlympTrade bonusses are not withdrawable (just like at any other broker), but completing a trading volume "task" unlocks a real cash reward that you can withdraw.
Withdrawal Methods
Olymptrade enables withdrawals using the same methods you used for deposits, including online banks, credit or debit cards, and e-wallets. If you've deposited using multiple payment methods, you can withdraw to each of those methods as needed.
This range of payment options, combined with a low minimum deposit requirement and straightforward process, makes it easy for traders to manage their funds with flexibility and efficiency on Olymptrade.
Final Verdict: Recommended
We recommend Olymptrade due to its accessibility, regulatory framework, hybrid trading approach, and commitment to providing support and knowledge base for beginners. Its regulatory status with the VFSC, as well as a good track record, award-winning trading conditions, social engagement, and strategic partnerships, makes Olymptrade reputable and trustworthy.
Though FTT is risky, the broker balances this by offering risk-mitigating features, like demo accounts, risk-free trades, and low-risk trading modes. So if you are less experienced, a beginner, or a trader with low risk tolerance, you can still use Olymptrade.
Our rating: 4.7/5
Verdict
Olymp Trade is the best choice for both novice and experienced traders, it is also our best recommended broker.
Free $10,000 credit for demo account
FAQ
Yes, Quotex has blocked accounts involving big profits as you might read on forums like Reddit and on review sites like Trustpilot and Google Play Store. However, the broker doesn’t necessarily punish you just for gaining big profits. The broker will likely block you only when you fail the payment verification after requesting for a large withdrawal.
It can take up to 30 days to unblock your Quotex account, depending on the complexity of the problem. There are even cases where an issue can keep going for more than 1 month. Although minor issues, like being locked out due to entering an incorrect password, will only last you not more than 24 hours.
Meanwhile, blocked accounts due to suspicious activities or breaking company policies can’t be restored. So you would have to create a new account with different credentials if you still want to trade with Quotex. If the violation is not as severe as abusing the platform for fraudulent activities, you can still withdraw the rest of your money even when it’s already been blocked.
You can completely restore your account only when you can prove the blocking of your account was unjustified, or it happened by mistake. But you would have to be patient because you would need to prepare proper documentation and solid proof. Customer support may also take weeks to respond to your queries as well.
Yes, it is possible that you might completely lose your funds if your Quotex account gets suspended, but as long as you contact Quotex that you have a remaining balance, you can still get the rest of your money back. Although Quotex explicitly says that closed accounts can’t be restored, you usually have the option to withdraw all your balance first, especially if you didn’t do anything fraudulent. If you don’t have the option to withdraw your funds, email Quotex customer support.
The most popular Olymptrade alternatives are Quotex, IQ Option, Binomo and Expertoption. We also compared some of these brokers:
Risk Warning & Legal Disclaimer:
The content on this website is for informational purposes only and does not constitute financial, legal, or investment advice. We do not provide personal recommendations and are not responsible for any losses resulting from your trading activity. Online trading involves significant risk — especially fixed time trades and CFDs, which are complex instruments and carry a high risk of losing money rapidly due to leverage. Always ensure you understand how these products work and whether you can afford to take the high risk of losing your money. Users are solely responsible for complying with their local laws and regulations.
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This website is free to use. We may earn a commission if you open an account with some brokers via links on our site — at no extra cost to you. These commissions help us provide free broker reviews, comparisons, and other useful articles.
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