OlympTrade Review 2025: Trading Accounts, Demo Account, and Withdrawal to Explore

OlympTrade	⭐
Regulations	Not Regulated
Tradable Assets	Fixed Time, Forex, Stock
Minimum Deposit	$10
Live Accounts
Demo Account	Yes ($10,000)
Account Opening	Within 10 minutes
Max. Leverage	500:1
Trading Platform	Proprietary trading platform
Inactivity Fee	Yes
Copy Trading	No

About OlympTrade

✔Where OlympTrade Shines:

• Low minimum deposit required, $10 to start real trading
• Free demo account offered with $10,000 virtual funds

❌Where OlympTrade Falls Short:

• Operating without any regulation
• Serious withdrawal issues widely shared online
• Unresponsive customer support team and limited choices of communication
• No tiered account options
• No robust trading platform offered
• Not supporting copy trading feature
• Trading costs are not transparent

Is Olymp Trade Legit?

While Olymp Trade is a member of the Financial Commission (FinaCom), its regulatory oversight is not as extensive as that of brokers with licenses from top-tier regulatory bodies. Specifically, this broker currently operates under no regulation, which means traders who open account here cannot get adequate investors protection. What's worse, Olymp Trade does not make any statement that client funds are held in segregated trading accounts.

Olymp Trade - Tracking Its Unethical Practices

• OlympTrade was established in 2021 in Saint Vincent and the Grenadines, operating under the company Saledo Global LLC, with its domain registering on January 29 2021.
• Then in the same year 2021, OlympTrade claims that it is fully licensed and regulated by the FSA in Saint Vincent and the Grenadines. However, this regulatory authority does not regulate forex trading activities.
• In 2022, WikiFX classified OlympTrade as an unregulated forex broker and issued a risk warning that investors should not trade with this broker.
• Between 2022 and 2024, most negative reviews were widely shared online, complaining that Olymptrade had serious withdrawal issues and they started to realized that Olymptrade possibly is a scam.

OlympTrade Accounts

OlympTrade Minimum Deposit

The minimum deposit required to open an account at OlympTrade is $10, an extremely low amount compared with its competitors. On the one hand, $10 allows beginners to trade starting with a small budget without risking too much. On the other hand, some experienced traders find this starting amount is not enough to execute efficient trading, and they may use leverage to increase trading flexibility.

OlympTrade Accounts

For live accounts, OlympTrade says it gives two options: the USDT account and the Multi-Account.

The USDT account supports deposits in USDT. The Multi-Account feature on Olymp Trade allows traders to manage up to 5 interconnected live accounts. With a Multi-Account, you can choose the currencies you want to make deposits, like USD, EUR, or some other currencies. Notably, trading accounts operated under your Multi-Accounts are not the same as your trading account (trader ID), and you can have only one trading account, but up to 5 accounts connected to it to store your money.

Unlike many other brokers, OlympTrade does not provide tailored account options, and its multi-account seems too complex for beginners.

How to open an account with OlympTrade?

Step 1: To begin using Olymp Trade, navigate to their official website at official.olymptrade-my.com. On the homepage, locate and select the “Registration” button. You'll then be directed to a registration page where you can create an account by entering your email address and a secure password. Alternatively, for a quicker process, you can register using your existing Google or Facebook account credentials.

Step 2: Olymp Trade uniquely offers a brief training session before account registration, letting users familiarize themselves with the platform first.

Step 3: Following a short introductory training session, your account details will be automatically generated. You'll then be directed to the trading dashboard, where you can initiate a deposit to begin trading on the Olymp Trade platform.

Step 4: OlympTrade allows traders to fund their accounts through Bank Cards, e-payments, and cryptos. The minimum deposit is $10, and you can input the amount you wish to trade with OlympTrade. Once the deposit is processed, you can begin trading.

OlympTrade Demo Account

OlympTrade offers free demo accounts pre-loaded with a virtual balance of $10,000 to give its clients risk-free practice. The demo option replicates the live trading environment, allowing users to practice strategies, familiarize themselves with the platform's tools, and experience real-time market fluctuations without risking personal funds. One thing to be noted is that OlymTrade does not tell the expiry date of its demo account.

OlympTrade Deposit and Withdrawal

While depositing funds into Olymp Trade is often a quick process, many traders find withdrawals less straightforward. They frequently mention that withdrawals can take anywhere from a couple of days to a whole month. Common complaints revolve around technical hiccups and repeated requests to verify documents. Essentially, users feel the withdrawal process could be smoother and more reliable, suggesting that better digital systems and more knowledgeable support staff would go a long way.

OlympTrade Deposit: Methods, Fees and Processing Time

Funding your Olymp Trade account is relatively simple, with options like bank cards, e-wallets, and cryptocurrencies. You can generally start with a minimum deposit of $10, though keep in mind that Ripple and Ethereum have higher minimums ($100 and $20, respectively). While Olymp Trade itself doesn't typically charge internal fees, some encounter system fees depending on your chosen payment method. In Addition, the range of available account currencies is somewhat limited, primarily consisting of SGD, USD, EUR, and USDT. Available currencies are quite limited, including SGD, USD, EUR and USDT.

Logo	Deposit Methods	Minimum Deposit	Fees	Processing Time
	Bank Cards	$10	Free	1-3 business days
	China Unionpay	$10	Free	1-3 business days
	Skrill	$10	Free	Instant
	Neteller	$10	Free	Instant
	AstroPay Card	$10	Free	Instant
	XRP	USD 100	Free	Instant
	USDT (TRC20)	USDT 10	Free	Instant
	USDT (TON)	USDT 10	Free	Instant
	Binance Coin (BSC BEP-20)	USD 10	Free	Instant
	Bitcoin	USD 10	Free	Instant
	Shiba lnu	USD 10	Free	Instant
	TRX	USD 10	Free	Instant
	USDT (BSC BEP-20)	USDT 10	Free	Instant
	USDT (ERC20)	USDT 10	Free	Instant
	Ethereum	USD 20	Free	Instant
	Dogecoin (BSC BEP-20)	USD 10	Free	Instant
	Solona	USD 10	Free	Instant
	DAI (BSC BEP-20)	USD 10	Free	Instant

OlympTrade Withdrawal

OlympTrade Withdrawal: Methods, Fees, Processing Time

Typically, you withdraw funds from the OlympTrade platform using the same payment method you make a deposit. Prior to processing a withdrawal, account verification through the submission of pertinent documentation is typically mandated. The minimum withdrawal amount for each transaction is established at $10, or its equivalent in alternative currencies. Olymp Trade does not impose maximum withdrawal limits. It is imperative to note that all withdrawals from USDT accounts are subject to commissions, and fees are applicable to withdrawals of other cryptocurrencies. Furthermore, charges may be incurred when funds are deposited and subsequently withdrawn without the execution of any trading activities.

Logo	Withdrawal Methods	Minimum Withdrawal	Maximum Withdrawal Amount	Fees	Processing Time
	Bank Cards	$10	No	Free	1-3 business days
	China Unionpay	$10	No	Free	1-3 business days
	Skrill	$10	No	Free	Instant
	Neteller	$10	No	Free	Instant
	AstroPay Card	$10	No	Free	Instant
	XRP	USD 100	No	Fee Apply	Instant
	USDT (TRC20)	USDT 10	No	Fee Apply	Instant
	USDT (TON)	USDT 10	No	Fee Apply	Instant
	Binance Coin (BSC BEP-20)	USD 10	No	Fee Apply	Instant
	Bitcoin	USD 10	No	Fee Apply	Instant
	Shiba lnu	USD 10	No	Fee Apply	Instant
	TRX	USD 10	No	Fee Apply	Instant
	USDT (BSC BEP-20)	USDT 10	No	Fee Apply	Instant
	USDT (ERC20)	USDT 10	No	Fee Apply	Instant
	Ethereum	USD 20	No	Fee Apply	Instant
	Dogecoin (BSC BEP-20)	USD 10	No	Fee Apply	Instant
	Solona	USD 10	No	Fee Apply	Instant
	DAI (BSC BEP-20)	USD 10	No	Fee Apply	Instant

How to withdraw funds from OlympTrade?

Theoretically, withdrawing funds from OlympTrade is simple, with a few steps involved:

Step 1: Login into your personal account

Step 2: Click the “withdraw” option on the right side of the page

Step 3: Choose the payment methods you want to make a withdrawal

Step 4: Enter the withdrawal amount and then submit your withdrawal request.

User Reviews on OlympTrade Withdrawal

While OlympTrade claims that over 95% of withdrawal requests are completed within 24 hours, with over 70% completed within one hour, its online reviews on withdrawal are not that positive. Here we collected some typical OlympTrade Withdrawal issues.

Many traders at OlympTrade complained of withdrawal difficulties at this, including refusal of withdrawal requests, changing withdrawal status, and manipulating accounts, along with poor customer support who gave no response at all. It seems that Olympe is a scam broker who wants to eat traders' money. Combined with its unregulated operation, we must warn you that don't trade with this broker.

Is OlympTrade a scam?