General Information & Regulation
Olive Markets, a trading name of Olive O. Markets Global Financial LTD, is allegedly a forex broker registered in the Marshall Islands and regulated by the Global Financial Services Authority (GLOFSA). The broker claims to provide its clients with various tradable financial instruments with flexible leverage up to 1:300 and competitive spreads on the Sirix and Web Trader trading platforms.
Market Instruments
Olive Markets advertises that it offers a diversity of trading instruments in financial markets, including forex, cryptocurrencies, stocks & shares, indices and commodities (from soft commodities to gold and silver metals, to crude oil and the petrol market).
Account Types
Apart from demo accounts, it seems that only one live account type is provided by Olive Markets. Opening an account requires the minimum initial deposit amount of $100.
Leverage
Different asset classes have different maximum leverage ratios. In particular, the maximum leverage is 1:300 on forex, 1:100 on indices and commodities, while 1:10 on shares and 1:5 on cryptocurrencies. Inexperienced traders are advised not to use too much leverage since leverage magnifies gains and losses.
Spreads
Olive Markets claims to offer competitive spreads, however, traders have to contact to get more details, such as the specific value of the spread.
Trading Platform Available
Platforms available for trading at Olive Markets are Sirix and Web Trader. The broker offers multi-device support, including Android, iOS and Windows devices.
In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Deposit & Withdrawal
Olive Markets says to work with Bank transfers, credit cards and cryptocurrencies of Bitcoin, Ethereum and Ripple. The minimum initial deposit requirement is said to be $100.
Bonuses
Olive Markets claims to offer four different kinds of bonuses, namely Welcome Bonus, Referral Bonus, Transfer Bonus and Crypto Bonus. In particular, the broker says that sign up and win a 15% Welcome Bonus; refer a friend and enjoy a $100 bonus, and your friend can earn an additional 15% bonus; transfer your entire account to Olive Markets and earn a 15% bonus, and youll earn a 5% extra bonus on all investments if funding your account via crypto. However, we cannot be sure if these bonuses can be withdrawn without any condition.
Customer Support
Olive Markets customer support can be reached by telephone: +441513080525, email: support@olivemarkets.com or fill in Contact Form to get in touch. Headquarter: Bul. Partizanski Odredi, No 14A-4/1-1, Skopje, North Macedonia.
