OlympTrade is a binary options broker which came into the industry in 2014 with a different and a unique trading platform, providing their users with a with a totally different binary options trading experience.

Basic Information on the broker

  • Owner – Smartex International Ltd and Frandom Holding Ltd
  • Countries available – Worldwide
  • Licensed – Yes
  • License/Registration number – RU 0395 AA Vv0074
  • Regulator – Financial Market Relations Regulation Center (FMRRC)
  • Headquarters
    1. 103 Sham Peng Tong Plaza, Victoria, Mahe, Seychelles
    2. Frandom Holding Ltd. with headquarters at 60 Vasileos Pavlou, Agios Dometios, CY 2360, Nicosia, Cyprus.
  • Platform – OlympTrade
  • Minimum deposit – $10
  • Min. Invest – $1/€1
  • Payout‎ – ‎Up to 80%
  • Mobile – Available
  • Demo account – Available


  • Comprehensive Trading Education
  • Unique/Equipped Trading Platform
  • Risk-Free Trade incentives/Bonuses
  • Very low minimum deposit
  • Great customer support


  • Insufficient trade types
  • Not too many Assets

AssetMagnate Rating

OlympTrade Broker Overview

From our personal research, the broker is a Russian binary options broker which was established in 2014. It is owned by Smartex International Ltd and their headquarters are located at 60 Vasileos Pavlou, Agios Dometios, CY 2360, Nicosia, Cyprus and

Demo Trading

OlympTrade has a demo trading account and the user is entitled to 10,000 virtual units of their currency so that they can evaluate the benefits of the OlympTrade binary options trading platform.

OlympTrade Mobile Trading

Just like other top binary options brokers, OlympTrade offers their users a mobile trading platform, that way traders can enter and monitor trades from anywhere they are without having to sit down in front of a computer screen.

Account Types

Keeping everything simple, OlympTrade has just one account type which is the standard trading account. The standard trading account requires only a $10 and above initial deposit and it comes with free educational materials as well as free trading signals.

Trading Tools and Resources

Olymp Trade gives their users a variety of trading tools which they can use freely for a better trading experience. The platform also comes with free educational materials to teach you the basic things you need to know and how to trade binary options. There is also a demo trading account for practice with 10,000 virtual units of the currency the user is using.

OlympTrade Deposit/Withdrawal

Deposits and withdrawals are made easy as OlympTrade provides their users with a variety of payment and withdrawal options. The deposit/withdrawal methods include e-wallets such as QIWI, Webmoney, Yandex Money, NETELLER, Skrill, Fasapay and Credit cards such as Visa or MasterCard.

Customer Service

Using Olymp Trade, customer support team can be reached by telephone, email and live chat.

Is OlympTrade a Scam?

No, from our personal encounter with the broker OlympTrade is not a scam.


The OlympTrade binary Options broker is pretty much a good broker as it provides everything necessary for a wonderful trading experience with its unique trading platform. They have quite a bit of downside, but we hope they continue to get better and give their users the best.