Olymp Trade Forex Broker

Olymp Trade Review SummaryFounded2021Registered Country/RegionSaint Vincent and the GrenadinesRegulationNo regulationMarket InstrumentsForex, StocksDemo Account✅Leverage/Spread/Trading PlatformProprietary trading platformMinimum Deposit/Customer Support24/7 Live ChatOlymp Trade Information Olymp Trade is an unregulated broker offering Forex, Fixed Time trades, and Stocks. It provides a free $10,000 demo account, charges no commissions, and features a proprietary trading platform.Pros and ConsPros Cons Free demo account with $10,000Lack of regulationNo commissionsLimited information on trading conditionsIs Olymp Trade Legit? Olymp Trade is an unregulated broker. The WHOIS search shows the domain olymptrade-my.com was registered on January 29, 2021. Its present state is “client transfer prohibited,” which indicates the domain is locked and cannot be moved to another registrar.What Can I Trade on Olymp Trade? Olymp Trade offers trading in Fixed Time trades (starting from 1 minute with a fixed rate of return), Forex (with no spreads and extended trade settings), and Stocks (for long-term investments, including major companies like Apple and AMD).Tradable Instruments Supported Forex✔Stocks✔Commodities❌Indices❌Cryptocurrencies❌Bonds❌Options❌ETFs❌Demo Account Olymp Trade offers a free demo account with $10,000 for risk-free learning, and also provides access to ready-to-go trading strategies developed by professionals to help increase efficiency.Olymp Trade Fees Olymp Trade charges no commissions for investors.Trading PlatformTrading PlatformSupported Available Devices Suitable for Proprietary trading platform✔Desktop/MT4❌/BeginnersMT5❌/Experienced traders