Olymp Trade Forex Broker

Olymp Trade Review SummaryFounded2022Registered Country/RegionVanuatuRegulationVFSC (Suspicious Clone)Market Instruments190+, Forex, Stocks, Metals, Indices, Commodities, Cryptos, ETFsDemo Account✅Islamic Account✅Leverage/Spread/Trading PlatformProprietary platformMin Deposit$10Customer SupportLive chatEmail: support-en@olymptrade.comSocial Media: Facebook, Instagram, Telegram, YouTubeCompany 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 ConsProsConsWide range of tradable productsSuspicious clone VFSC licenseDemo accounts availableAccount opening fee charged for Islamic accountMultiple account typesLimited info on trading conditionsVarious payment methodsNo MT4/5Low minimum depositLive chat supportIs 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 CountryRegulated AuthorityRegulatory Status Regulated EntityLicense TypeLicense NumberVanuatu Financial Services Commission (VFSC)Suspicious CloneAollikus LimitedRetail Forex License40131What Can I Trade on Olymp Trade? Olymp Trade offers more than 190 tradable assets including Forex, Stocks, Metals, Indices, Commodities, Cryptos, and ETFs.Trading AssetAvailableforex✔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 PlatformSupported Available Devices Suitable for Proprietary platform✔Desktop, Mobile, Web/MT5❌/Experienced tradersMT4❌/BeginnersDeposit 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.