Heading for Olymp Trade Review

Olymp Trade, a trading platform established by Saledo Global LLC, has been attracting interest within trading circles, so we here at DayFunded decided to take a deep dive and see what this broker has to offer.

Company Background

Based on the information we gathered, Olymp Trade is not a newcomer to the trading game. It was founded back in 2014, so it's been around for a good number of years already. It's been online since then, too, which feeds into its experience and stability in the online trading sector.

Broker Ratings

It seems that Olymp Trade has managed to keep themselves in good graces with their traders too. With a whopping average rating of 9.8/10, it's clear that they are doing many things right.

Account Information

One of the interesting highlights of Olymp Trade is the impressively low minimum account size. At just $2 to get started, it presents a low-risk entry for newcomers or anyone wanting to give their platform a try.

As for position size, they have a minimum requirement of 0.01 which is relatively standard.

Broker Features

Another feature and a welcoming news for traders is that Olymp Trade offers bonuses. While the details and conditions of these bonuses are not explicitly detailed in the provided data, it is always a good idea for potential traders to find out the specifics directly from the broker before entering into any agreement.

As for the leverage, though it appears to be encoded, we recommend verifying them directly with the broker.

Regrettably, as of the time of writing, it appears that Olymp Trade does not currently permit trading by U.S. based traders.

Spreads

When it comes to Spreads, Olymp Trade does well to maintain a low spread. Yet, to give a more accurate judgment on this, one should analyze the average spread over a period for each financial instrument the broker offers.

Regulations

One notable concern discovered during this analysis is the lack of serious regulations. It's a cardinal principle for every trader to ensure that their broker operates under proper regulations.

Conclusion

In conclusion, while Olymp Trade boasts several promising features such as an ultra-low entry cost, a potentially tempting bonus, and low Spreads, the lack of serious regulation pokes a hole in their appeal. As always, it's highly recommended that traders do their due diligence before choosing to trade with any broker.

DayFunded's

Disclosure: All information provided above is based on the data made available to us at the time of writing and should be used for informational purposes only.