Olymptrade broker South Africa Review (2017)

olymptrade broker

Background Of OlympTrade Broker

If you regularly read binary options brokers’ articles, you may have come across a company called Olymptrade Broker. This company was established in 2014.

This broker is available to traders from South Africa, India,  Indonesia, Brazil, Thailand, Vietnam, Spain, Turkey, Russia and Malaysia. OlympTrade is a registered broker. Regulated and Reliability and security is vital. Olymp Trade is an “A” member of the international Financial Commission (Finacom), an independent organization that provides and guarantees protection of traders’ rights. Specifically, if a broker acts unlawfully, the Commission reimburses the trader up to $20,000 from its Compensation Fund. That’s not a South African regulator, but so far Olymptrade  is delivering. More so globally.


General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.”

How to Start with OlympTrade Broker

If you’re new to trading binary options. Olymptrade broker offers a free demo account. Along with video tutorials, webinars and the latest financial news, rookie traders can test their skills until they’re ready to start investing with their own money.

More good news is that binary option brokers with $10 minimum deposit can start trading right away. A trade costs you as little as $1. Although you’re limited to call/put trades. However it’s possible that Olymp Trade will introduce more options in the future.

Trading on the Olymp Trade broker binary options trading platform is fast and simple. You can cancel a trade at any time but this may affect your final profit. Olymp Trade also has a binary option broker mobile app. This makes Olymp Trade ideal for those who want to trade from their smartphones and tablets. The app works on iOS and Android platforms. So no matter which operating system you use, you won’t have any problems downloading it to your devices. It’s clear that Olymp Trade has thought of ways to make trading binary options as convenient as possible.


Deposits and Withdrawals

You can make a deposit in any of the following ways:
✓ E-wallets: Qiwi, Webmoney, Epayments, Neteller, Skrill, Yandex.Money, and Bitcoin;
✓ Visa or Mastercard bank cards.
✓ Boleto (valid for Brazil)

You can also withdraw money through the same payment systems.
Important: you can make a withdrawal only to the same e-wallet/card that you used to make a deposit.
This rules enables the broker to guarantee payment security and protect traders’ funds from fraud.
The maximum withdrawal time is 3 business days, but the broker tries to process traders’ requests as
quickly as possible. Holders of standard accounts therefore get their money on average within 1 day; VIP
trades, in a few hours after submitting a request.

Terms and Conditions

Before you sign up for any kind of binary options trading provider it is essential that you read the terms and conditions. Without going into too much detail, there are three important facts you should be aware if you’re thinking about using OlympTrade Broker:

  • Users must be 18 years or older.
  • Traders from the USA and Japan may not use Olymp Trade.
  • Services rendered by OlympTrade are subject to the laws of the Seychelles.

Beyond that, the terms and conditions are standard to those offered by other leading online binary trading platforms. Lastly trading is risky especially binary and you can lose all capital. Don’t be fooled of promises and guarantees know what you getting into!

Whats Awesome  about OlympTrade Broker

So the advantages of using Olymp Trade include a low cost entry to the world of trading binary options coupled with a free demo account and great, friendly Support for new traders. In addition the trading platform is simple and easy to trade on with the necessary tools and charting.

However some disadvantages are that American traders can’t make use of Olymp Trade. Experienced traders may be disappointed that trading options are somewhat limited, however they are always improving.

Apart from that, Olymp Trade Broker offers ordinary people from all walks of life the opportunity to increase their wealth by trading online, even with limited financial knowledge. So Start trading with the free demo from Olymp Trade Broker today.

traders can lose all capital

To Summarize Olymp Trade 

  • Regulation of the Financial Commission (FINACOM).
  • The minimum deposit amount is 10$/10€.
  • The minimum trade amount 1$/1€.
  • No fees for deposit or withdrawal.
  • Free education: strategies, webinars and courses.


Comments 23

  • I made 20 usd deposit. Mobile app quite good. Soon i`m going to withdraw first profit.

  • The broker has shown itself very well in terms of reliability, because I’ve withdrawn money here many times without any hint of delay of payment. Also I’ve been pleasantly surprised by the good trading conditions, in a wide range of trading assets and high range of trading instruments and high profit with them.

  • Today I got my first withdrawal from the broker. The broker withdrew the money quickly. No problems occured during withdrawal. It’s comfortable to trade with this broker. I’d rate this broker as average in terms of execution quality and trading conditions.

  • I been trying to deposit money since yesterday but olymp doesn’t allow me. Can you please assist me?

    • Ethan, most likely you’re making a mistake somewhere. Possibly you’re trying to withdraw a smaller sum, than the broker allows, keep in mind that when you will be replenishing your account, most likely the company whose services you’re using will charge a commission fee and that’s why the system might not accept the payment. Try to increase the payment amount slightly. The first time I replenished in by 25 dollars, I tried out how the platform works and replenished my account by another 500, both refills went by quickly and successfully. Withdrawals are also going successfully. I wish everyone good luck!

  • Broker withdraws fast, which helped me make up my mind and choose olymp trade where I’ve decided to stay to trade. I’ve simultaneously opened accounts with several brokers, but now I only have an active account here. This is one of the best brokers.

  • Anything you blog about hits a nerve with me, thank you for teaching me & your subscribers.

  • The broker is constantly developing and improving the quality of its service. I remember about a year and a half ago there weren’t so many assets on the platform. So I traded rarely. I like to work with unpopular pairs, because sometimes the profit with them can be even higher than on majors for example. It’s good that they worked on the platform and expanded the amount of instruments, now I can work with my beloved new zealander. The platform itself is comfortable, I like the fact that there are lots of indicators.

  • This is a good broker. I like their traning sections and support. I tried to withdraw last week and already got money after 3 days, that’s no problem and quick enough. Very nice, many assests and indicators.

  • I have started to trade here. The platform is quite easy to understand. I will start with the demo account first to practice my strategies.

  • my fav binary options broker the best customer support and best platform very user friendly platform and very good payout i think they are the no 1 broker without any doubt

  • Their website and app are designed very user friendly!

  • Good broker I rate Olymp trade in the top 3 binary options broker customer support is very good also good payout I appreciate if more traders share their experience with them becoz I am happy with them so far and thinking to deposit more funds .

  • I haven’t found a good strategy, so far have onlly profit 24$. Any one can recommend me to a good trading strategy?

  • Morning does capitac bank south africa alow capital bankers to trade on olymp trader thanks

  • Can I get a link to open an account??Tried severally to no avail

  • Do not wait for millions. I trade every day, usually it’s a couple of orders and I use the same asset all the time. You have to constantly monitor various economic news and opinions. This is already a hobby of mine) I withdraw profit every day, it is about 30-40 dollars. Sometimes it’s been processed in 5-10 minutes, sometimes longer. I never waited for more than a day. Thank you, Olymp Trade. Peace and prosperity, everyone!

  • Can anybody assist me how to use it please! I already registered but not yet master how to us it to make money.
    wait from your helps guys.

  • I’ve been trading with Olymp Trade for roughly a year by now, and it wasn’t like instant income, not at all. At first i would lose my deposit once or twice, out of sheer stupidity. The thing is that I considered myself very smart and traded merely by intuition – without any strategy at all :)) My luck that the deposits were relatively small, like 1– and 50 dollars. Well, at least I know better now, right? 🙂
    My advice for all newbies – you’d better treat the trade as seriously as you can. There are traders who expect miracles from the whole thing. They are genuinely convinced that as soon as they enter the market, they’ll open a whole lot of deals without any analysis and earn a fortune. Well well, I can tell you that these guys tend to wipe out their deposits in 100% of the cases! And then somehow they blame the broker, whom else. You know, the broker is simply doing his job, opening the deals the way you want. At least that’s the case with Olymp Trade, and I’m absolutely sure about this company. And the result of trade depends sheerly on the trader himself! One more thing for the whiners who keep moaning about the problematic withdrawal: a month ago I made my first withdrawal through Webmoney (the same system that I’d used for the deposit previously). I received money in some 4 hours, with no verification, though I kept my documents at hand in order to send the copies if needed. So now you see, the withdrawal with this platform is as simple as that!

  • Olymp Trade created a community on Facebook, which allows all the broker’s clients to communicate with each other and find like-minded people in this area. It doesn’t always turn out the way you want to, but in any case you can always ask if anyone had the same situation and how they dealt with it. There is a lot of information about trading by Olymp Trade on youtube, too. They create quite useful videos regularly. There is free training for beginners and professionals. I’ve done it myself and I’m very satisfied.

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