Score
Olymp Trade
Vanuatu|1-2 years| https://olymptrade-qid.com
Website
Rating Index
Contact
Licenses
Licensed Institution：Aollikus Limited
License No.：40131
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Vanuatu
1-2 years Suspicious Regulatory License Suspicious Scope of Business High potential riskUsers who viewed Olymp Trade also viewed..
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Website
olymptrade-qid.com
Server Location
Netherlands
Website Domain Name
olymptrade-qid.com
Server IP
156.229.48.254
Company Summary
| Olymp Trade Review Summary | |
| Founded | 2022 |
| Registered Country/Region | Vanuatu |
| Regulation | VFSC (Suspicious Clone) |
| Market Instruments | 190+, Forex, Stocks, Metals, Indices, Commodities, Cryptos, ETFs |
| Demo Account | ✅ |
| Islamic Account | ✅ |
| Leverage | / |
| Spread | / |
| Trading Platform | Proprietary platform |
| Min Deposit | $10 |
| Customer Support | Live chat |
| Email: support-en@olymptrade.com | |
| Social Media: Facebook, Instagram, Telegram, YouTube | |
| Company Address: 1276, Govant Building, Kumul Highway, Port Vila, Republic of Vanuatu | |
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
| Pros | Cons |
| Wide range of tradable products | Suspicious clone VFSC license |
| Demo accounts available | Account opening fee charged for Islamic account |
| Multiple account types | Limited info on trading conditions |
| Various payment methods | No MT4/5 |
| Low minimum deposit | |
| Live chat support |
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.
| Trading Asset | Available |
| forex | ✔ |
| commodities | ✔ |
| metals | ✔ |
| indices | ✔ |
| stocks | ✔ |
| cryptocurrencies | ✔ |
| ETFs | ✔ |
| bonds | ❌ |
| options | ❌ |
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.
| Trading Platform | Supported | Available Devices | Suitable for |
| Proprietary platform | ✔ | Desktop, Mobile, Web | / |
| MT5 | ❌ | / | Experienced traders |
| MT4 | ❌ | / | Beginners |
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.
Keywords
- 1-2 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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