Forex Brokers Reviews; Olymp Trade Review. 07.07.2019. 4.8. Overall Rating. Olymp Trade is quite unusual in that it specifically offers the trading of currencies, cryptos, indices and commodities through an forex platform. Historically the company was a forex broker that was founded in 2014. It is owned and operated by Smartex International Ltd. Olymp Trade Account Opening. Getting your Olymp Trade account up and running is much the same process as with other brokers we have looked at. They do have a demo account available, which you can access with the most basic personal registration information, but if you want to get involved in real live trading, then you will need to verify your account with proof of identity and proof of residence. Olymp Trade – Smartex International Ltd . Registration Address/ License: St. Vincent and the Grenadines . Is Olymp Trade a scam or legit broker? No, it is not safe to trade with Olymp Trade. Olymp Trade is owned by Smartex International Ltd which is an offshore company registered in St. Vincent and the Grenadines. Olymp Trade Advantages: Attractive spreads, leverage of up to 1:400 . As tested with a standard demo account the benchmark EURUSD spread floated about 1,1 pips, which looks good. Still here you may also check our list of regulated brokers, offering tighter spreads: >> Lowest spread forex brokers<< Various payment methods available Olymp Trade seems to be unique to traders in many ways. At least, I have noticed that Olymp Trade differs from other brokers in its approach to education. While most brokers offer training as an additional service (often for a fee), Olymp Trade has made education a major competitive advantage.
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