OlympTrade Review – Is it SCAM or LEGIT Honest review 2020

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Fixd Review

UPDATED April 2020

A diagnostic sensor can help you combat the check engine lights that you have. FIXD is one of the best tools for diagnosing your light and engine problems.

Total Rating: 4.5

Over-all Score:

Reliability

Ease of Use

Durability

Value for Money

Safety

BOTTOM LINE: With this diagnostic sensor from FIXD, you can find out exactly what is wrong with your vehicle without taking it to a mechanic first. It tells you why the check engine light is on and what you need to do next.

PROS : Suitable for use on any vehicle released in 1996 or later, this sensor comes with an app that lets you view multiple sensors at the same time. It also alerts you when you need to do any maintenance on your vehicle.

CONS: A few customers claimed that the sensor detected no problems with their vehicles, even when lights came on their dashes. Others had problems connecting it to WiFi or with the sensor losing their information.

    Advertising Disclosure

The information we provide you is free of charge and a result of extensive research by our product experts. We use affiliate links in our site that provide us with referral commissions. While this fact may not influence the information we provide, it may affect the positioning of this information.

Best Diagnostic Sensor Review: FIXD Diagnostic Sensor

There are few things more frustrating than seeing the check engine light come on in your vehicle. This typically indicates that you need to stop by the mechanic or the shop and get a full workup done on your car. Thanks to FIXD, you now have an alternative to that shop visit. This diagnostic tool allows you to perform a quick scan on your car and see why that light is on. It takes a short period of time to do the scan, which will then tell you exactly what it found and what you need to replace or do to your vehicle.

A great benefit of choosing FIXD is that you can use different sensors with each of your vehicles and access each one with an app that you use on your phone. As long as those vehicles run on gas and came out in 1996 or later, you can use FIXD. Once plugged in, this sensor will continue to monitor your car and identify any issues that occur later. You can also use the sensor to set up reminders of when you need to do routine maintenance such as changing your oil. This tool works without any special tools or accessories.

What You Need to Do to Maintain Your Car

The check engine light on your dashboard will come on when there is a minor or a serious problem with your engine. This might serve as a warning of an electrical problem that can worsen over time. The majority of people who purchase FIXD will do so because they want to save some money in the long run. If you leave an engine problem untreated, it may cost thousands of dollars or more to fix it in the future. We highly recommend this diagnostic sensor for anyone who wants to maintain and take care of their cars. It’s also a good tool for anyone who drives a newer model vehicle and wants to know what the check engine light means.

FIXD is also perfect for those who forget about the regular maintenance that their cars require. Depending on the make and model of your vehicle, you may need an oil change every 3,000 to 6,000 miles or more. Even if you put reminders in your phone, you may still forget to change your oil as needed. This tool has an app that lets you set up your own reminders of when you need to do that maintenance. Anyone who wants to take care of their vehicles will benefit from this tool and app.

How Does FIXD Work?

When you buy this tool, you get both the diagnostic sensor that acts as a scanner and the FIXD app. Before you can run a scan on your car, you must plug the tool into your vehicle. If you ever used one of the boxes that insurers offer to help lower your rates, you’ll already know how this works. You will then need to open the store on your phone where you buy and download apps.

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Anyone using an Android phone will use the Google Play Store. Once the store loads, do a search for FIXD and download the official app from the manufacturer. You need to click on the name of the app and then select the install button before waiting for it to download.

As soon as you plug in the tool, open the FIXD app. You can use the Bluetooth on your phone to search for the sensor and form the connection that you need.

Once you form this connection, you will click on your screen and tell the app that you want to scan your vehicle. After the scan finishes, the app will show you everything it found. This lets you know what is wrong with your car and what you need to do or talk to your mechanic about later.

Should You Buy it?

As important as your general health is, the health of your vehicle is just as important. Something as simple as a loose wire in the motor can cause your check engine light to come on and stay on for weeks at a time.

There is no guarantee that the light came on because of something simple though, which is why you need a diagnostic scanning tool such as FIXD. FIXD comes with a sensor that you can plug in and set up in seconds as well as an app that works with that tool.

One benefit of this tool is that it does not require charging or new batteries. The power from your engine provides all the power that the tool itself needs. As long as you have a Bluetooth connection between the tool and your phone, you get full access to the app. FIXD does require that you create an account once you download the app. If you upgrade to a better phone later, you can log in with your information and gain access to your account again. While this is a tool that we recommend and one we think you should buy, we wanted to show you some of the pros and cons of this model to help you feel confident about your purchase.

Large Range of Issues

The biggest reason why you’ll want to use FIXD is that of the large range of issues that it can find in your car. The company says that it can find and identify more than 6,000 issues that include both smaller things you can take care of home and major repairs that require professional help. It also claims that it will tell you outright whether you should have a mechanic do the job. The tool can tell you when your oxygen sensor died, if your oil temperature is at a critical level or if you need to tighten your gas cap. Once you find and fix the problem, the app will let you clear the dash light too.

Cost Estimates

Have you ever been in a car accident and needed a repair? Your insurer probably suggested a few shops that you could use but also recommended that you get estimates from other shops too. This can take up a lot of time and leave you feeling frustrated about what those shops said. FIXD has a nice feature in its app that actually provides you with estimates based on your current zip code or location. Not only does the app tell you how much you might pay for the parts that you need, but it also lets you know the average cost of labor for those jobs too.

Quick Scan

While there are a number of other diagnostic tools that you can use at home, FIXD operates much faster than some of those other tools do. It typically takes just a few minutes to do a full scan and view the results on the included app. FIXD also gives you the option of doing a scan when you’re at home or the go. You can open the app and start the scan while you’re sitting inside your car or standing on your driveway too. If you take your car to a shop, you might wait an hour or longer for a mechanic to hook up your car and perform a diagnostic scan.

Multiple Cars, One Account

If you ever used a diagnostic scanning tool and app before, you probably found that you could only use that tool in one car. While FIXD also requires that you use the tool in one car, it lets you use one account to monitor any other scanners that you use. Let’s say that you primarily drive one car but your spouse and teenager have vehicles of their own. You can buy and install scanning tools in each car and use the app on your phone to run scans on each one. That same app also lets you set up reminders about any future maintenance that those vehicles need.

Issues Found

One thing we really like about FIXD is just how clearly it shows any issues found. After doing a scan, the app will open a new window that shows you just how many issues it detected. It also tells you how serious those issues are, which will let you know whether you need to immediately take care of those problems or if you can put off the repairs for a few days. FIXED uses red, yellow and green to show you which issues are minor and which are more serious. You can do other scans after making those repairs also.

Affordable Prize

Many shops offer free diagnostic scans for shoppers today. The idea is that you’ll come in for your free scan and feel so grateful that you agree to pay for costly repairs on the spot. Some auto parts stores offer free scans too because they assume that you’ll buy the parts that you need from them. Free scans will often require that you wait in line and deal with pushy sales reps though. FIXD gives you the option of doing your own scans at home whenever you need. It offers its diagnostic combo for around $60 and has a bundle that comes with two scanners for just $100.

Clear the Light

When you find yourself struggling with a check engine light that comes on and stays on for days or weeks at a time, you’ll want to find out what’s wrong and fix it as soon as possible. If you find out that it’s something simple such as a cracked lid on your gas tank, you might feel a little silly that you let the problem go on for so long. When you do a scan but don’t have time to fix the problem on the spot, FIXD gives you the option of cleaning the light. This will turn off the light on your dash and keep it from coming back on later.

Android and iOS Support

One problem that we found when looking at FIXD alternatives is that some of those products only work with one type of operating system. If you have an Android or an iPhone now but think you might want to change systems in the future, FIXD is a good choice for you because it is compatible with both systems. The manufacturer offers free apps that work with its tools, which you can download from the Google Play Store or the Apple Store. Once you create an account, you can log back into it when you change phones later too.

Maintenance Reminders

Though experts often claim that you need to change your oil every 3,000 miles, some makes and models can go for 8,000 to 10,000 miles before they need an oil change. FIXD is the only tool of its type that lets you set up maintenance reminders. The app will send you alerts when you need to change your oil and replace your fluids or check your tires and brake pads (don’t forget to take a portable air compressor if you’re going for a road-trip so you don’t get caught miles from a gas station with a flat). It shows you exactly how many miles you put on your vehicle and which types of maintenance you need to do in the near future. Those reminders can help you save thousands of dollars in future repairs.

Continuous Monitoring

Another feature that sets FIXED apart from the competition is that it offers continuous monitoring. Have you ever had your check engine light come on and then turn itself off when you went over a bump in the road? This often occurs because of a loose engine wire. Those bumps in the road can temporarily fix the problem until you encounter another bump. FIXD will do the scan that you need but will then keep monitoring your car until you unplug the tool. If it discovers any future problems, the app will immediately notify you of what it found.

Suitable for Less Experienced Users

While you can buy a professional diagnostic tool from any auto shop, those tools are often difficult to use. Not only do you need to figure out exactly where to plug in the tool, but you’ll also need to view the complicated codes that pop up. Those codes require that you access a database and use the information provided to decide what to do next. FIXED takes the guesswork out of diagnosing and repairing your car. Once you do a scan, it shows you in clear and simple English what it founds and what that means to your car. You can then get a repair done without dealing with a database.

Vehicle History

Depending on your age, you might remember your parents keeping a detailed log of how many miles they drove and other information. The older generation often kept those details in a small notebook that they stored in the glovebox. FIXD allows you to keep track of your vehicle’s history on your phone and in a log that you can easily read and access. Each time that you run a scan, it will create a report that shows everything it found. You can access each of those previous scans and view all the information that you need to know about the history of your car.

Secure Data

Any time that you use a wireless device, you might worry about your private data. This is especially common among those who shop online because of the data breaches experienced by Target and other major retailers. When you use FIXD though, you never need to worry about data breaches. Though the app and tool do work with Bluetooth, once you create a connection between the tool and your phone, no one else can access that same connection. This ensures that no one else can gain access to your diagnostic scans.

Money Back Guarantee

FIXD offers a guarantee that essentially states the company isn’t happy unless you are happy. When you buy this product online from Amazon or any other retailer, you have up to 30 days to try it out for yourself. If you decide that you aren’t happy, you can return it within that period for a full refund. This is a great way for you to make sure that the tool not only works with your make and model but that it will find the information that you need. You may find that you prefer a diagnostic tool capable of monitoring and scanning other parts of your engine.

When to Take Your Car to a Mechanic

    If you don’t feel confident in your repair skills When you have no experience making the type of repair needed If you don’t have the time to do the repair yourself When you want a guarantee that the repair will fix your car If your vehicle is still under its original manufacturer’s warranty

Not All Vehicles Covered

FIXD will only work with vehicles that have an OBD-II port, which is a feature only found on vehicles produced in the middle 1990s and later. Unless your car came out in at least 1996, you cannot use this diagnostic scanner. Though some claim that it will work on hybrid vehicles, the manufacturer itself claims that it will only work on gas vehicles. You can, however, use FIXD on any type of vehicle. It works just as well on vans and trucks as it does on sport utility vehicles and cars.

Check Engine Light Only

While you might think that FIXD can find any problem that is wrong with your car, it only looks for problems relating to your check engine light. It does not detect any problems with your airbags, lights or any other parts on your car. Though you may notice that your oil light comes on, you cannot use the app and the tool to find out whether you need to change your oil or replace your filter. If you experience problems with other areas of your car, you’ll need to take it to a mechanic.

Poor Customer Support

While the manufacturers of other diagnostic scanning tools offer a toll-free number that you can call for help, FIXD requires that you use a specific email address for help. This requires that you go online and search for the manufacturer’s website. You’ll then need to find the email address listed on that site and send a message. Some customers waited days and even weeks before getting a response back, and others found that the company never responded to their problems. This can include problems with the Bluetooth and with inputting a VIN number.

Bluetooth Error

Setting up a Bluetooth connection is as easy as turning on Bluetooth on your phone and looking for an object in the nearby area. Some of the customers who reviewed FIXD online claimed that they had errors and issues when creating this connection. Despite having Bluetooth turned on, their phones could not detect the scanning tool. You may need to stand much closer to the tool than you expected to force this connection. A few customers also found that the app lost this connection after they turned it off and that they needed to set it up again more than once.

No Issues Found

It’s important that you understand how FIXD works and what it does before you buy it. One of the biggest complaints we saw online was from customers who said that the tool did not detect any issues with their vehicles. This included complaints from those who were on the side of the road with cars that no longer ran. FIXD is a simple tool that tells you why the check engine light is on and what possible repairs you might need. It cannot tell you everything that is wrong with your car or give you information about repairs and problems that do not relate to that light.

Why Does the Check Engine Light Come On?

    Loose or damaged electrical wire Missing or loose gas cap Damaged oxygen sensor Catalytic converter no longer works Bad spark plugs

What Comes in the Package?

Unlike other auto parts and tools that you bought online in the past, FIXD ships quickly and comes with almost everything you need inside the box. We especially like the way the product shipped because the outer box kept the scanning tool safe during transit. You’ll find a cardboard box on the outside that you can open to access the FIXD box inside. This box has a flap that you can lift to slide the scanning tool out. The tool itself is inside a soft box that protects it during shipping. You’ll need to remove the top of this box and then pull the tool out.

While the tool is the main thing that comes in the box, you’ll also get instructions that tell you how to install the tool in your car. The instructions also include information on how you can download and install the app that works with the tool to your phone. If you want to use the app on a tablet or another device, you can. You’ll need internet access to download the app, but it will then work on your device via a Bluetooth connection. FIXD also includes information about its money back guarantee and for those who want to contact its customer service department.

The Competition

Though FIXD is a popular diagnostic tool for do it yourself enthusiasts, it is not the only tool of its type on the market. These tools are great for those who want to save money. A local shop might charge $100 or more to do a scan and charge you hundreds of dollars for the repairs that you need too. You can get a diagnostic scanning tool for less than $100 to do some of the work yourself.

One alternative to FIXD is the BlueDriver tool. Not only does it come with both a plug-in sensor and app, but it also gives you 24/7 customer support. If you have any problems with the tool, you can call a toll-free number and get help instantly. To help you get in touch with customer service, the manufacturer puts its number right on the sensor.

BlueDriver is a little different from FIXD though in terms of what it tells you. Instead of stating exactly what is wrong with your car, it will give you a code. You will then need to use the app to find that code and see the description of what is wrong. It does provide you with Repair Reports though. You’ll gain access to a database of repairs suggested by more than six million.

BAFX Products offers a Bluetooth Diagnostic Reader/Scanner that is similar to the BlueDriver model. Once you plug it in, you’ll notice a series of lights on the side that come on, which let you know when it begins and finishes scanning. The included app then shows you all the information that it found about your car. One issue with this tool is that it’s only compatible with Android phones. FIXD will work with both Android phones and iPhones.

Some car guys and gals also like the FOXWELL Scanner, which is exactly like those that mechanics use. This is more suitable for those with a lot of car repair experience than those who just want to do a quick scan. It comes with a scanning tool that you plug in afond a large tool that you hold in your hand. This tool features a number of buttons and a small screen. You’ll use those buttons to do your scans and check on your car.

One nice feature about this scanner is that it has a touchscreen that helps you quickly view information about your car and search through different databases to see what is wrong. As with the BAFX Products scanner, this one gives you a code that you’ll need to find in the database to see what it learned about your car.

As this model does not use an app, you can plug it into any car and do a scan. It has a print data option that allows you to connect the scanner to your home or work printer and print off data about your most recent scan. You can take those pages to your mechanic and let the shop know what you found. With a retail price of around $100 though, this FOXWELL scanner is the most expensive alternative to the FIXD.

Olymp Trade Review

Introduction

Olymp Trade is an established broker in the fixed time trades marketplace having launched back in 2020. They are certified by FinaCom making them a trusted choice for any online trader. Their background is very much as an international broker with a seamless platform and packed education centre available in 12 languages.

With more than 25,000 people trading every day and around $171 million of monthly turnover Olymp Trade are a massive company in this space. Adding to the brokers’ prestige is an award cabinet to be proud of, including “Best Trading Platform” Le Fonti 2020. They are a grade A broker with a proven track record.

A solid offering of over 70 asset types including currency pairs, commodities, stocks, indices and crypto gives you plenty of opportunities. Another difference between Olymp Trade is their comfortable level of entry. Traders can start with a small $10 deposit with minimum trades as low as $1 which is excellent news if you’re new to the world of online trading.

In this review, you will learn:

    Why they’re different from others in the market Our expertinvestor.net exclusive reader bonus The Olymp Trade platform features and benefits

Risk Warning: The products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

Account Types

Because Olymp Trade focuses on being user-friendly, they keep things simple, clean and easy to use. Whereas you might see a complicated list of accounts ranging from basic to gold, diamond or platinum offered by others, there are three well-managed choices. You can choose between demo, standard and VIP accounts. All of them are easy to sign up to and offer an excellent trading experience.

Demo Account

The Olymp Trade Demo Account is excellent for those wanting to get used to the platform, all you need to do is register, and you can start using $10,000 of virtual money straight away. Demo accounts are a tried and tested way for first-time traders to get used to trading or for those switching platforms and looking to familiarise themselves with the software.

Standard Account

You only need a $10 deposit to open a real account offering you access to all the available financial instruments, assets, educational materials and analytical tools. You’ll also have the opportunity to take advantage of returns of up to 82% which is a competitive offering. Maximum trade amounts are very respectable too at $2000 enabling you to trade freely. We love the standard accounts comprehensive benefits and excellent rate of return.

VIP Account

Aimed at the more experienced trader, the VIP Account offers many exclusive benefits. Maximum trade amounts rise to a massive $5000 as well as the rate of return being boosted up to an unbeaten 92%. The account also has an extensive list of features including everything from the availability of risk-free trades to a personal consultant and private webinars.

The VIP Account is a competitive and well-structured account which is an excellent choice for the seasoned trader.

Trade Types And Payouts

With payouts ranging from 82% to 92% with the VIP account, they are very well placed within the market when it comes to profitability. The low entry and simplified systems also make it a very clean and seamless trading option.

Some brokers offer lots of different trade types, and these include Call/Put or High/Low trades then there are Ladders and Pairs, Range, One Touch and Long Term. With Olymp Trade as there are just two types of trades, the classic, tried and tested High/Low and 60 second trades.

High/Low Trades

With a manageable 70 assets to trade with and a minimum of $10 deposit, it is the perfect chance for beginners to cut their online trading teeth. Just choose your asset, currency pairs, gold or silver, and start trading. Correctly predict whether the asset will rise or fall by the expiry time and you could be seeing lucrative returns.

60 Second Trades

60 second trades are as the name suggests, 60 seconds or one minute expiry times, so you don’t have long to spot and seize the moment. Making these trades means things happen very quickly including making a profit if you have the right trading strategies.

We’ve negotiated a new trader bonus which means they will double your deposit!

Bonuses And Promotions

Great news! Olymp Trade does generally not offer a standard bonus, but we have secured an exclusive introductory bonus that you must use to your advantage. We have managed to negotiate a new sign-up deal which means they will double your deposit! All you need to do is make a deposit in your live account within an hour after registration and get +100% of your deposit, free.

We know that because of their very affordable deposit level, excellent trading platform, free education centre and competitive rate of returns that they probably don’t need to offer bonuses to get people trading successfully with them, but we wanted to secure one for our readers anyway.

Mobile Trading

With trading on the move being more critical than ever before, a mobile app, responsive website and accessibility have to be at the forefront of brokers features. It is no longer enough to have a good desktop site and trade off reputation. So many criteria have to be met and being able to keep up with technological developments is one of them.

Launching in 2020, Olymp Trade understood the importance of mobile technology and have been able to build a modern, seamless platform. From the moment you login, you realise their mobile platform is exceptionally responsive. There is a bespoke Olymp Trade app for both Android and iOS available from Google Play and the Apple App Store for those who prefer apps to browser trading.

Deposits And Withdrawals

Like most brokers, the primary payment method of depositing real money funds include the use of a credit card and debit card. Bank wire transfer and other e-payment solutions such as Skrill and Neteller are also available. Customers can also pay using the latest Cryptocurrencies such as Bitcoin.

Depositing funds overall is simple although deposits using wire transfer will take longer than other methods. Crypto deposits are much more straight forward and as we found, slightly faster. All deposits are free, and with a deposit amount of only $10 required to open an account, it is a service that is accessible to all.

To withdraw funds request your withdrawal and funds will arrive back in your account or on your card within one day. Payments go to the same source that you used to fund the account in the first instance. Please make sure your trading account is fully verified to avoid any withdrawal problems. This broker told us the most significant cause of refusal is due to a lack of personal identification.

Special Features

A distinctive feature of Olymp Trade comes in the form of its packed education centre. With 56 webinars together with 20 strategy and trend lessons as standard, there is a wealth of information and technical analysis on offer. If you have a VIP Account, you can look forward to other perks with the addition of one-on-one training lessons and private webinars.

The Demo Account is available to anyone that registers on the site, and the $10,000 virtual money is there for traders to use to practise successful trading and get used to the dos and don’ts. The addition of our exclusive bonus if you join these guys makes their offering even more attractive.

In addition to fixed time trades, Olymp Trade has recently added Forex trading to its platform lineup. Forex traders can now benefit from their MT4 (MetaTrader4) platform and a huge range of currency pairs on offer.

Customer Support

Most online brokers offer varying levels of support from a virtual live assistant to a full menu of options to choose from including, emails, telephone numbers, support forums and more. Olymp Trade is no different; they have a strong support system in place and support is available by phone, via email or by live chat.

They offer helpful customer support 24/7 in 8 languages, so it’s highly likely you’ll be able to speak with someone who fully understands you no matter where you are. Throughout our Olymp Trade review process, we had no problems or difficulties contacting the various support departments.

Here are the contact details for Olymp Trade:

    Email – [email protected] Phone – +27 211 003 880 Address – Smartex International Ltd, Suite 305, Griffith Corporate Centre P.O. box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines

Conclusion

Olymp Trade is a massive player in the fixed time trading marketplace, and their seamless platform and competitive rates of return are excellent. Their minimum $10 deposit and $1 trades means that the service is accessible to anyone who wants to trade and their education service supports their commitment to new traders as one of the best brokers.

For the more experienced traders among you, there is the VIP Account, which boosts the rate of return further and the maximum trade amount as well as offering lots of special features. Olymp Trade pays out over $9 million per month to traders in several countries around the world. They are a category A broker of the International Financial Commission which gets awarded to those that are proven to be honest and reliable.

Essentially, they tick all of the boxes of a trustworthy broker including offering trader protection, backed by the IFC of up to $20,000. Following our thorough Olymp Trade review, we found no warnings to imply this broker is a scam and we only found a small number of online complaints. Compared to other broker reviews, Olymp Trade is highly recommended.

Risk Warning: The products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

Frequently Asked Questions

Is Olymp Trade legit, will they scam me?

Any online trading broker that we recommend is always checked and vetted by our experienced team and Olymp Trade was found to be entirely legitimate.

Do they have a decent mobile or tablet app?

Any good broker needs to ensure that they have a decent mobile platform. Here is no exception, both their website and mobile app are easy to use on all handheld devices.

What bonus do they offer for new traders?

We have negotiated an exclusive bonus with Olymp Trade, deposit in your live account within an hour after registration, and they will double the amount.

Can I start trading on a free demo account?

Yes, Olymp Trade offers a demo account to all registered account holders with the ability to trade up to $10,000 of virtual money.

What’s the minimum deposit and trade amount?

Olymp Trade is one of the few brokers that offer a minimum deposit of $10. Minimum trades of $1 are accepted making this broker stand out.

Robert has consulted for our website for five years and is a well-established member of the team. While he is passionate about the site, most of Robert’s time is focused on his current position as CEO of a professional coaching company.

Olymp Trade Review 2020: Is It A Scam Or Legit?

  • Comprehensive Trading Education
  • Unique/Equipped Trading Platform
  • Risk-Free Trade incentives/Bonuses
  • Very low minimum deposit
  • Great customer support
  • Help & Guidance
  • 100% free trial
  • Not Available In USA
  • Difficult to understand in some places

Is Olymp Trade reliable? It should be noted that the platform also offers customers a free $ 10,000 virtual price demo that will be delivered to the customer once the account is created. So you will check full detail about how you earn more than read Olymp Trade review in the below section.

Olymp Trade Review

Olymp Trade is a universal online trading platform where you can trade currency pairs, commodities, stock indices, companies’ shares, and cryptocurrencies.

At the very beginning, the company focused on customers from CIS countries. Since then, the company’s user base has significantly expanded.

Now, the platform is actively used by traders from Southeast Asia (Indonesia, Malaysia, Vietnam, Thailand), Latin America (Argentina, Brazil), India, Pakistan, and Arab countries.

olymp trade review – Excellent trading platform

The company has repeatedly won various awards for the high level of quality of service since 2020 when it was founded.

  • “The fastest-growing broker” ShowFx World 2020
  • “The best broker” KROUFR Awards
  • “The best platform for trading” Le Fonti 2020
  • “The best financial broker” CPA Life Awards 2020
  • “The best broker” Forex Expo 2020
  • “Innovative broker” IAFT Awards 2020
  • “The best trading platform” Le Fonti 2020

Special Features of Olymp Trade

There are several major benefits that make the Olymp Trade platform so popular.

Safety And Reliability

Olymp Trade is a category A member of the Financial Commission (FinaCom). FinaCom is an independent international organization that provides and guarantees the protection of traders’ rights.

In case there is an unfair practice by Olymp Trade, the Commission protects the trader by its Compensation Fund for up to €20,000 per case.

The quality of trade execution on the Olymp Trade platform is certified by an independent system Verify My Trade.

An audit of 5,000 customers’ trades found that 64% of the trades had been made at the best prices. It should be noted that the official report of Olymp Trade recorded the fact that no trades were rated as “acceptable” and “below average.”

An independent study of Verify My Trade shows the quality of the execution a broker is providing. This helps traders economize on fees, as well as improve their final trading results.

Olymp Trade is a vivid example of the company’s fulfillment of obligations to customers.

Democratic financial conditions

  • The minimum deposit to start trading is only $ 10 / € 10 / $ 350 / $ 20R$.
  • The minimum order size for any asset is $ 1 / € 1 / 30₽ / 2R$.
  • The minimum withdrawal amount is $ 10 / € 10 / $ 350 / $ 20R

At the same time, Olymp Trade does not charge extra fees for transferring funds to the client.

Training Account

After registration, each user can start trading on a demo account with a balance of 10,000 demo units. This simulator precisely simulates trade execution and helps the client prepare for trading with real money.

If the account balance is less than 5000 units, it can be restored to the initial 10 thousand an unlimited number of times.

Learning for free

The team of professionals has been creating comprehensible and interesting learning content for 4 years.

Almost every day Olymp Trade analysts hold theoretical and practical webinars on how trading strategies and methods of technical and fundamental analysis work.

Olymp Trade Review: Reliable Broker or Scam?

The list of advantages is not exhaustive, so we offer you a detailed description of the functionality of the trading platform.

Platform Versions

Olymp Trade is a product created by a team of experienced developers who are constantly improving the platform. Any interface and service decisions are based on the financial analysts’ recommendations and user preferences.

Now, the trading platform is presented in three versions:

  1. A browser one, without the need to download additional software: https://olymptrade.com
  2. A desktop application for Windows and macOS, which is completely identical to the browser version, but has some additional features: https://olymptrade.com/download
  3. Mobile applications for Android and iOS devices:

The Olymp Trade platform is fully localized to the following languages: Russian, English, Thai, Indonesian, Portuguese, Spanish, Turkish, Vietnamese, Chinese, Arabic, Hindi, and Malay.

The versatility of the platform is based on the possibility of using various chart settings and well-known systems of analysis as well as editing the list of assets.

A trading assistant is a unique feature of Olymp Trade. This is a special real-time chatbot that explains how different tools work.

User Functions

Two-color schemes are available: a light one and a black one

Several types of charts : a line chart, a bar chart, Japanese candlesticks, heikin-ashi.

Indicators for technical analysis: SMA, EMA, WMA, Parabolic SAR, MACD, RSI, Stochastic, DeMarker, Bulls Power, Bears Power, Williams %R, Bollinger Bands, Ichimoku Cloud, Sentiment, Alligator, Aroon, Zig Zag, CCI, Momentum, Rate Of Change, Gator, Awesome Oscillator, Detrended Price Oscillator, Average Directional Index

Graphic analysis tools: a trend line, a horizontal line, Fibonacci retracements, Fibonacci fan.

When choosing an indicator, a user can quickly become learn the principles of its work by clicking the “Assistant” button. After that, he will see a special pop-up window with the training material and the examples. Check more in the Olymp trade review.

Chart timeframe: A trader can choose the timeframe he needs manually from the following options: 15 seconds, 1 minute, 5 minutes, 10 minutes, 15 minutes, 30 minutes, 1 hour, 4 hours, 1 day, 7 days, a month.

For a line chart, the timeframe may range from 1 minute to 4 months.

The list of assets: There are special buttons above the chart to choose the asset you need fast.

Assets can be selected one by one, or a trader can choose the whole sector. This way, cryptocurrency enthusiasts can mark the entire block of digital assets and work with them only.

In total, the platform gives traders access to:

  • 36 currency pairs, including both major and cross pairs.
  • 10 cryptocurrencies against USD. They are the most popular and dynamic assets by the daily trading volume from the TOP-20 list.
  • 2 cryptocurrency pairs. This kind of asset shows the ratio of two digital coins’ value.
  • 6 commodities. The global economy depends on the value of these financial instruments.
  • 10 stock indices. The indices indicate the financial market’s condition, as they show the weighted average value of a certain number of the companies’ shares.
  • 13 shares of the largest companies worldwide, including the securities of such famous companies as Apple, Tesla, Facebook, etc.
Currency pairs Stock indices Commodities Shares Cryptocurrencies
EUR/USD

USD/TRY

EUR/JPY

EUR/NZD

FTSE 100

Hang Seng Index

EURO STOXX 50

Gold

Natural Gas

BMW

Coca-Cola

Ethereum

Each kind of asset has its own trading characteristics and advantages. For example, understanding of political processes goes well with trading currency pairs. Understanding the companies’ financial reports as well as the interest in their work will help trade securities.

Other important Olymp Trade Benefits

Trade orders:

To make a trade, a trader can use trade orders. This service is an analog of pending order in the forex.

The user selects the type of order “at the strike price” or “at the fixed time” and selects the necessary conditions. The trade will open automatically if the preconditions specified by the trader are met.

When the price limit order is placed, the trade opens only when the chart reaches the specified price if other conditions are also met (the yield on the asset, the availability of the required amount on the trading account).

When the time limit order is placed, the trade opens at the selected time if other conditions are also met (the yield on the asset, the availability of the required amount on the trading account).

best trading olymp trade – trade opening at a specified price

VIP status:

A trader can get a VIP status when he deposits a lump sum of $ 2000 / € 2000 / ₽100000 / R$ 5000 or more into his trading account.

A VIP status gives a trader the following privileges:

  1. An increased return on the assets: the return is 10% higher than that of standard traders.
  2. An increased maximum trade amount: $ 5000 / € 5000 / ₽4000000 / 35000R$.
  3. A personal VIP consultant who provides support to the trader and teaches him online trading strategies.
  4. VIP traders join the “Boost your trading volume” program, which allows them to receive risk-free trades monthly for the high trading volume.
  5. Teaching secret trading strategies.
  6. The opportunity to participate in private theoretical and practical webinars.
  7. Daily market reviews.

A standard account and a VIP account compared

Setting VIP Standard
Maximum yield 92% 82%
Minimum trade amount $1/€1/30₽/2R$ $1/€1/30₽/2R$
Minimum deposit $10/€10/350₽/20R$ $10/€10/350₽/20R$
Maximum trade amount $5000/€5000/₽400000/35000R$ $2000/€2000/₽150000/20000R$
Maximum total amount of open positions on different assets ₽4000000/$50000$/€50 000/ R$200000 ₽1500000/$20000/€20 000/ R$50000
The maximum total amount of open positions on the same asset ₽750000/$10000$/€10 000/ R$35000 ₽1500000/$20000/€20 000/ R$50000
Maximum withdrawal time period 1 working day up to 5 working days
Withdrawal fee no fee is charged no fee is charged
Personal training +
+
Daily analytics +
Risk-free trades for trading volume +

Deposit and withdrawal of funds:

The main banking methods of depositing and withdrawing funds are Visa and Mastercard. To deposit funds, a bank card must have your details and permission to pay for purchases on the Internet.

Electronic payment systems are the most popular methods of carrying out financial transactions on Olymp Trade. Users can use ePayments, Qiwi, Yandex. Money, WebMoney, Neteller, Skrill, Fasapay, Bitcoin.

Customer Support:

Olymp Trade technical support team works 24/7, so you can get help from the experts at any time:

Hotline numbers:

+357 (2) 5030996 – Nicosia, Cyprus
+234 (1) 2279021 – Lagos, Nigeria
+66 (2) 026-03-56 – Bangkok, Thailand
+27 (21) 1003880 – Cape Town, South Africa

Online support chat

Conclusion: Olymp Trade Review: Is It Legit?

More than 20 million users from around the world have chosen the Olymp Trade platform. They receive the best support, comfortable and transparent financial conditions, a user-friendly interface and all the necessary market analysis tools.

The platform reliability is time-tested and confirmed by the international regulator. Olymp Trade is your stable partner in the world of trading!

Is OlympTrade a scam or is it profitable?

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So, What is Olymp Trade?

Olymp Trade is basically a Binary Options & Forex Broker that allows you to BUY or SELL Stocks, Commodities, Shares & more.

How Olymp Trade Works?

See, I can’t teach you everything in this short answer therefore, I highly recommend you read the guide below.

As I said earlier Olymp Trade allows you to BUY or SELL Stocks & Commodities.

Talking about How Olymp Trade Works?

It is one of the simplest and cheapest modes of investing.

To start earning Big Bucks you need to make a prediction in the market where the market will go UP or will go DOWN.,

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