Is Olymp trade a good broker?

Investment ForumCategory: Broker QuestionsIs Olymp trade a good broker?
Nemo asked 2 years ago

So I’m looking for a good binary option broker now and I came across this company. There are many reviews and comments. But I wanted to hear from you guys, who have olymp trade’s real accounts.

17 Answers
Frank answered 9 months ago

It’s a convenient trading platform. I duly appreciated even being on the demo. Then I deposited real money and the working terms didn’t change. I mean execution time, commissions, and so on. It’s usually the other way around with other brokers and on Olymp trade you have one account for demo and real accounts. I think that’s the reason. Not everything is well. If only the broker had more assets, so that I could experiment with them on the forex platform, but there are no shares yet, and now is just the time to work with them and indices. Withdrawal takes one day – that’s pleasant!

Chasmer answered 2 months ago

I’m trading with Olymp Trade because it allows the use of robots for that aim. Previously I used to deal with a different broker (actually still having an account with him), and what I can say is that Olymp Trade ensures my main income. First of all, this company officially allows trading with the use of bots, which is certainly a plus. And secondly, their platform is almost never buggy. That’s a must for efficient autotrading!
Occasionally I test the grounds with other brokers, so that I wouldn’t be so dependent on Olymp Trade. But so far there is no credible alternative. Traditionally, companies with a good quality platform prefer their clients to refrain from robot trading. And vice-versa, the companies allowing everything (the use of robots also) are usually small organizations that have just entered the market and are badly in need of attracting customers. No wonder that their platforms are quite a mess.

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