Olymp Trade Review India | Scam or True

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Olymp Trade India Quick Review

Website URL
Established in Year

Head Quarter
42E Arch. Makariou III Avenue, Matina Building, 3rd Floor, Office 301 B, 1065 Nicosia, Cyprus

Support Types
Live Chat, Call back, Email, Phone, and Skype


Minimum Deposit

Minimum Trade Size

Bonus Amount
Up to 100%. T & C apply

Payout per Trade
Up to 92%

Demo Account
Yes. Try Demo Account Now ($10,000 Replenish-able Balance)

Special Features
Risk-free Trades (Upto 3 Risk-free Trades) Only and Only Available on This international online trading platform. Know More

Yes. Security level 10/10 Ratings

Regulated by-
International Financial Commission. FinaCom

Deposit Methods
Bankcards, Visa Card, Master Card, Bank Transfer, Wire Transfer, QIWI, Webmoney, Yandex Money, NETELLER (recommended by us), Skrill, and FasaPay.

Number of Assets
More than 80 assets, International currency pairs, Stocks, Indices, Commodities and cryptocurrencies.

Indian Traders Allowed
Yes. international online trading platform Traders from India Accepted.

Mobile Traders
Yes. Android app Playstore, iOS app App store

iOS and Android Platform
Yes. Best User-Friendly App Platform.

Processed Same Day 24hrs

Withdrawal limit
No Limit. Unlimited withdrawal any time

Overall Score
Recommended international online trading platform for India Traders.

9.7/10 by our Experts

Full Review

Account Types and Promotions

Currently, there are no promotions going on apart from the regular “refer a friend” program and affiliate partnerships. The company also does not have much of a choice in terms of account types. It only offers one type of trading account and a practice account for those who are registered.

Current Platform Achievements
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  • Standard Trading Account: This account type requires a minimum deposit of RUB 350 or EUR 10/$10 depending on your account currency. It comes loaded with all the benefits of a trading account including various trading materials and resources.
  • Demo Account: This account type is available to traders registered with Olymp Trade. The account comes loaded with RUB 10,000 in virtual currency and is typically made for traders to try out the various features at Olymp Trade before getting into real money trading.

Current Platform Image
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Trade Types

Olymp Trade appears significantly limited in the number of trade types available on its platform. Currently, there is only one.
  • Call/Put international online trading platform: This is what they also refer to as appreciation or depreciation on the glossary and it involves predicting the direction of the price of the underlying asset for a possible payout of up to 80%. At Olymp Trade, they also allow early cancellation of trades, although the amount of money you receive after cancellation also depends on the time of cancellation as per the expiry period.

Asset Index

At Olymp Trade, traders can only trade in a few selected currencies and commodities. However, the international online trading platform does seem prepared to add other asset types such as Indices and stocks in the future because these are well discussed in the glossary section.
  • Currencies: EUR/USD, USD/JPY, GBP/USD, USD/RUB, USD/CHF, AUD/USD, EUR/RUB, USD/CAD, EUR/CHF, EUR/JPY, and RNDM Schedule, which is a quote generated randomly and the main tool of trading at the time of closing (available 24/7).
  • Commodities: Gold, Silver Brent.

Trading Tools and Resources

It is clear that Olymp Trade does not offer much of a choice in terms of trading options. However, when it comes to trading tools, materials and resources, the platform is well equipped.
Olymp Trade has developed a section that educates traders about the international online trading platform, and specifically on how to trade the international online trading platform on its platform. Traders can also learn more about trading international online trading platforms by downloading the international online trading platform’s free eBook on the international online trading platform available on the platform via the menu links to the top right.

This international online trading platform has also gone ahead to develop interactive international online trading platform trading tutorials and webinars that traders can use to enhance their international online trading platform trading knowledge. There are also videos and a section where traders can access the daily breaking news in the financial markets.
Olymp Trade has also developed a section of market analysis and reviews as well as a glossary of terms and a comprehensive FAQ to aid its traders in solving some of the general questions pertaining to trading.
Traders at Olymp Trade can also benefit from the training services provided by the international online trading platform along with professional and technical support, all offered free upon signup.
Finally, Olymp Trade understands the growing culture of mobile trading and has, therefore, launched mobile apps for some of the leading mobile operating systems in a bid to facilitating on-the-go trading for its traders.

Deposits and Withdrawals

Traders at Olymp Trade can deposit and withdraw funds from their trading accounts via several methods, which include Bank Wire, Credit/Debit Card, Yandex, KIWI, NETELLER, and Contact 24 among other electronic payment methods.
The minimum deposit amount at Olymp Trade is set at RUB 350, or EUR 10, or USD 10 depending on your account currency. The minimum withdrawal amount is also set at the same levels.

Current Platform Image
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The minimum amount that trade can invest per trade is RUB 30, or EUR 1, or USD 1 depending on your account currency, while the maximum amount that a trader can invest per trade is set at RUB 10,000, EUR 200, or USD 200.
Olymp Trade does not charge any commissions for depositing or withdrawing funds, and withdrawal requests are processed within 5 working days.
Traders must verify their details before making any withdrawals for security services. Such a process involves identity and physical address verification.


Traders at Olymp Trade can contact support via Telephone and Email.
Phone: +357 25030996

Regulated FinaCom