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 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 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. The website lists the average trade size for the “last month” as $4.7 with 37,990,740 closed trades for a total trading volume of $171,236,104. This would leave the average trade size at $4.5. It does show that there appears to plenty of trading activity from the retail crowd. Olymp Trade is a well-known online trading platform, which was established in 2014.It offers many different assets, including binary options, which are a rare trading asset in forex brokers. Olymp Trade also has it own mobile application with more than 50M installations.
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