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Olymp Trade Complaints & Reviews

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Updated: Jan 2, 2026
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Olymp Trade reviews & complaints page 65

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Abhishek_Tank
Mar 3, 2021
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I have recently signed up with your platform. I find it very innovative in many regards. What’s more, it’s very convenient to use, which is very important for me. It took me several minutes to realize how it works.
One one hand, trading with multipliers is a very interesting thing. I have never tried before. On the other hand, I’m used to trading with classical leverage. But I can’t figure out how to shift to typical leverage from multipliers in this platform. How should I do this?
Mar 10, 2021
Complaint marked as Resolved 
I think that it’s not a big problem that this web platform doesn’t offer classical leverage. I can use it on Metatrader. So, I’m just going to open another account for this purpose.
Olymp Trade customer support has been notified about the posted complaint.
Hi there, Abhishek_Tank!

Thank you for taking your time to leave a question. We are happy that you find the Olymp Trade platform innovative and convenient to use. On the Olymp Trade Forex platform, leverage is achieved through a customized Multiplier function. This is why you can not shift to the habitual leverage on the platform. The financial tool allows you to multiply your investment amount. The multiplier value shows how many times the total trade volume will increase. You can try out the multiplier in a demo account to understand its mechanics better. If you have any questions, kindly ask. We will help you with great pleasure.

Best regards, Olymp Trade team.
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    from Noida, Uttar Pradesh
    Mar 3, 2021
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    Address: Hisar
    Website: olymptrade.com

    Trading ID : 72494210
    email : [protected]@gmail.com

    i have raised withdrawal request on 27th feb and it's been approx one week I still haven't received the money ??
    Mar 6, 2021
    Complaint marked as Resolved 
    great
    Olymp Trade customer support has been notified about the posted complaint.
    Hello, dear!

    Thank you for reaching out. We strive to process every request as quickly as possible. However, the maximum period to process a request may take up to 5 working days. Your withdrawal request was formed on[protected], it is still being processed by the platform. Please, contact us if you have further questions. We will be glad to help.

    Best regards, Olymp Trade team.
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      Kalpit_Modi
      Feb 20, 2021
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      I have been using the Olymp trade platform for over a year. I prefer making trades on my mobile. I have not encountered any problems before but recently noticed that the application is crashing. My roommate is using the IOS version, but it doesn't crash. Also, the Desktop application works fine. I have an Android version on my mobile.
      Please help me to solve this problem. It interferes with making trades!
      Feb 23, 2021
      Complaint marked as Resolved 
      I think I had a problem was with the phone itself, not with the application. Perhaps, the mobile was loaded with other system or additional processes. I reinstalled the app, works fine so far. Don't really know what was the reason.
      Olymp Trade customer support has been notified about the posted complaint.
      Verified Support
      Feb 24, 2021
      Olymp Trade Customer Care's response
      Hello, dear Kalpit_Modi!

      Thank you for keeping us updated. We are glad that the application works properly after the reinstallation. If you have any difficulties or issues, please, contact our support team. Our specialists will be happy to assist you.

      Best regards, Olymp Trade team.
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        Arpit Ramakrishnan
        Feb 19, 2021
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        When will you add new currencies to the account? I want to be able to make deposits in the local currency. Otherwise, I have to exchange money into dollars first and deposit them into my Olymp Trade account? Can this procedure be more comfortable? It is just as inconvenient. Can you make it so that I can deposit it directly in my currency? I think it will add to your customers. Because it's really convenient for traders.
        Feb 24, 2021
        Complaint marked as Resolved 
        I've already figured out that I can even fund my deposit in the currency I keep funds. They are just converted to the currency of the account. This is certainly better than nothing.
        Olymp Trade customer support has been notified about the posted complaint.
        Verified Support
        Feb 20, 2021
        Olymp Trade Customer Care's response
        Hi, dear Arpit Ramakrishnan!

        Thank you for letting us know about your concerns. We would like to assure you that you do not need to exchange money before depositing an Olymp Trade account. You can make a deposit in your local currency, the amount will be automatically converted into your currency on the platform. If you have any further questions, feel free to ask. We will help you with great pleasure.

        Best regards, Olymp Trade team.
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          Yash_Usman
          Feb 18, 2021
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          I've been with this company for a long time now and I've already been able to draw some accurate conclusions.
          1. You can really start here from scratch. This I checked on myself) I came without any experience, worked with an analyst for a long time and watched reviews, and with time I really figured out a lot of things.
          2. This place has no problems withdrawing money. And irrespective of the amount and the circumstances in the market and in the company.
          However, I do have a small comment.
          Why there is no significant difference in services between large capitals and small capitals here.
          This somehow reduces the motivation to deposit.
          Feb 21, 2021
          Complaint marked as Resolved 
          Oh, so it is. Well, it's just that you always want to get some extra bonuses for your money. I just didn't look at the situation from the other side.
          Olymp Trade customer support has been notified about the posted complaint.
          Hello, Yash_Usman!

          Thank you for sharing your conclusions with us. We are glad that our educational system has helped you to start from scratch and gain more knowledge. It is also great that you have mentioned a simple withdrawal process on the platform.

          We provide different privileges depending on the Status of the trading account. For example, Expert Status gives access to a personal analytics service, you will be able to consult with a real expert and get individual recommendations in trading. Statuses can be achieved by topping up the account on a particular sum or by completing tasks on a Trader's Way. Here you can find more information about our Status System: https://olymptrade.com/statuses If you have any further questions, do not hesitate to ask. We will be glad to help.

          Best regards, Olymp Trade team.
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            Monato
            Feb 18, 2021
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            Why can't I participate in your tournament with a demo account? I show great results on my demo account, but I haven't saved enough capital for the real one. I don't want to trade with $100. I think I have to enter the market prepared with a reasonable deposit. But I don't want to lose $1, 000, 000 prize money either! So why don't you allow those who trade on a demo account to participate in the tournament?
            Feb 22, 2021
            Complaint marked as Resolved 
            Well, next time there's a tournament, I'll be ready for it. In the meantime, I'm going to spend more time studying. It's needed to win good prizes in the next Olymp Trade competition.
            Olymp Trade customer support has been notified about the posted complaint.
            Hello, dear Monato!

            Thank you for your question. Unfortunately, you can't trade using a demo account. By the rules of the tournament, you can participate only by trading in your live account. Entry to a tournament is free. However, trading during the tournament is done with real money, so you will need funds in your live account to trade and complete tasks. You can use the capital affordable to you in order to participate. If you have any other questions, feel free to ask. We will be happy to give you more information about the tournament.

            Best regards, Olymp Trade team.
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              Peter_Ramachandran
              Feb 16, 2021
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              I really like your web trading platform. I find it functional enough. It comes with nearly all technical indicators I use in my daily trading. What’s more, it’s very easy to use. It took me a minute to understand how it works - the whole layout is very intuitive.
              However, I haven’t found Fractals in the list of technical indicators. I always use this indicator and it helps me a lot. Perhaps, I have just overlooked it. Is it in the list of technical indicators?
              Feb 20, 2021
              Complaint marked as Resolved 
              I’ve just recently realized that my complaint was worthless. It’s not a big problem at all. I can use Fractals on Metrader. In any case, I have already discovered much better indicators.
              Olymp Trade customer support has been notified about the posted complaint.
              Hi, Peter!

              We are thankful for your appreciation. We are glad that you enjoy the Olymp Trade platform. It is also wonderful that you find it functional and intuitive.

              You can find the Fractal indicator on the Olymp Trade MT4 platform. To select this indicator, push the "Insert" button on the top tab, choose "Indicators", then hover over to "Bill Williams" and click on "Fractals". In the appearing window, you will be able to select a preferred time frame or use a "Show on all the timeframes" function. After that, the indicator will be reflected on your chart. If you need any further assistance, please, let us know about it. We are always there to help.

              Best regards, Olymp Trade team.
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                Subhash_Bhatnagar
                Feb 15, 2021
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                Why doesn't the company have no deposit bonuses? It's very convenient for the trader. You can start trading even if you don't have enough money for that. After all, many would benefit from such a feature. And part of the profits, Olymp Trade could take for itself. That way, the company would profit from its investments, and traders would have more confidence in their abilities. Think about it. With no-deposit bonuses, you could greatly expand the number of your customers
                Feb 17, 2021
                Complaint marked as Resolved 
                Yeah, so there are still bonuses in Olymp Trade. But they are charged on the deposit. That's not really a bad thing either. So I'll know to trade more carefully. And I will use this money more sensibly and thoughtfully.
                Olymp Trade customer support has been notified about the posted complaint.
                Verified Support
                Feb 16, 2021
                Olymp Trade Customer Care's response
                Hello, dear Subhash_Bhatnagar!

                Thank you for leaving your feedback, your opinion matters to us greatly. For now, we are not planning to remove deposit bonuses. It is essential for us to support our traders by providing an opportunity to use bonus funds. Bonus money from promocode coupons helps reduce risks or get additional profit depending on the trading results. We want to underline that bonuses can't be withdrawn from the account, our traders have the opportunity to use bonuses and open trades using a higher amount to increase the potential profit. However, our traders can make deals with them and withdraw the earned profits. We are grateful that you share your advice with us, if you have any recommendations, feel free to reach out.

                Best regards, Olymp Trade team.
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                  from Noida, Uttar Pradesh
                  Feb 14, 2021
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                  Address: Hisar
                  Website: olymptrade.com

                  Hi Team,

                  Trading Id : 72304563
                  Email : [protected]@gmail.com
                  Transaction Date : 14 feb 2021

                  $500 has been deducted from my bank account and is not reflecting my olymp trade account.
                  Please find the attached proof for your reference..
                  +3 photos
                  Feb 16, 2021
                  Complaint marked as Resolved 
                  Resolved. Thanks..
                  Olymp Trade customer support has been notified about the posted complaint.
                  Hello, dear!

                  Thank you for letting us know about this and providing all the data required for a thorough investigation. Please note that depositing an account using the UPI method usually takes from 1 to 36 hours for the amount to get successfully reflected on a live account.

                  If 36 hours have passed from the moment a transaction is executed, kindly get in touch with our support team, our specialists will create a task for a finance department to speed up the resolution process. In your request, kindly provide our support team with a screenshot of your payment from your UPI account (UPI ID, amount, date, and time of the transaction should be visible). Your understanding is highly appreciated. Do not hesitate to contact us if you have any further questions, we are always there to assist you.

                  Best regards, Olymp Trade team.
                  Resolved. Thanks..
                  Hello!

                  Thank you for keeping us updated. Happy to help! Feel free to contact us if any issues or questions emerge.

                  Best regards, Olymp Trade team.
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                    from Noida, Uttar Pradesh
                    Feb 14, 2021
                    Aug 3, 2023
                    This thread was updated on Aug 3, 2023
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                    Deposit not credited into live trading account

                    Address: Bhiwani
                    Website: olymptrade.com

                    Trading ID : 69582514
                    Email : [protected]@gmail.com.

                    I've done a deposit of 500$ on 14-Feb-2020 And the amount is not yet credited to my live trading account. I don't know what happened to my money. I have raised an email on support ids but emails is not delivered to them and getting inbox full message.

                    Attaching all the transaction proof.
                    Please resolve my issue ASAP....
                    +4 photos
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                    Rahim_Mohanty
                    Feb 14, 2021
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                    And I can say that for me this way was difficult and multistage, and I had to do a lot of tries before I understood the logic and became a trader who feels the market and analyzes it. Nowadays I concentrate more on fundamental analysis of the market. I often use reviews of this broker and I can say that they always help me. And things are moving forward. But the question is when will the brokers stop giving bonuses? This company has so many interesting services. But the bonuses... Is anyone really serious about using that.
                    Feb 19, 2021
                    Complaint marked as Resolved 
                    Well, of course situations are different. I did not know that it does not prevent the withdrawal of money. Thank you for your answer.
                    Olymp Trade customer support has been notified about the posted complaint.
                    Hi there, Rahim_Mohanty.

                    Thank you for leaving a review. We are glad that you have taken the time to learn how to analyze the market and conduct fundamental analysis. At the moment, we are not planning to stop giving bonuses. We keep receiving positive feedback from our traders regarding bonuses, it is important for us to support our traders in reaching their goals. If you have any recommendations on how to improve the platform, kindly share them with us. We will gladly discuss them with our team.

                    Best regards, Olymp Trade team.
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                      Yves Bonnet
                      Feb 14, 2021
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                      I generally appreciate your web platform. It’s much more easier to use than many other trading platforms, including Metatraders. I trade Forex only, so I don’t need fixed-time assets. However, I dislike the very idea o[censored]sing multipliers instead of leverage. I can’t trade without leverage because sometimes I choose a relatively small fixed amount for my trade and it fails to withstand a sudden drawdown, although I forecast the market direction correctly. So, I would like to maneuver with the whole depo instead of working with fixed amounts. How can I turn on leverage in your web platform?
                      Feb 18, 2021
                      Complaint marked as Resolved 
                      I think I hurried to bother you with leverage in the web platform. I think I can open an MT4 account to trade with leverage.
                      Olymp Trade customer support has been notified about the posted complaint.
                      Hi there, Yves Bonnet!

                      Thank you for your appreciation. We are glad that you have mentioned the straightforward interface of the platform. On the Olymp Trade Forex platform, leverage is achieved through a simplified “Multiplier” function. The leverage amount can be chosen in the sidebar section, on the right to a trade amount. You can select the preferred leverage amount by pressing the Multiplier button. Here are the amount options that are available on the platform: x50; x100; x200; x500.

                      To set up the leverage amount in Olymp Trade Metatrader 4, you need to open https://metatrader.olymptrade.com/metatrader and select the leverage amount in the drop-down list at the right of the screen. If you have any questions, do not hesitate to get in touch with us.

                      Best regards, Olymp Trade team.
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                        Florimell
                        Feb 13, 2021
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                        I think that in any situation it is better to try and make conclusions than not to try at all and then think what could have been the result.
                        That's why I decided to start trading and I'm glad that it was olymp trade, because this broker lived up to my expectations in most aspects, it really has demos, bonuses and analytical support which every trader needs.
                        I don't know why they allow traders to start with 10 dollars. That doesn't allow to feel the market. That, at least, is my opinion.
                        Feb 16, 2021
                        Complaint marked as Resolved 
                        Well it does make sense. And it's cool that you respond to even such small comments. It immediately serves as further proof of the high status of the company.
                        Olymp Trade customer support has been notified about the posted complaint.
                        Hello, dear Florimell!

                        Thank you for sharing your opinion with us; it is much appreciated. We agree with you that it is a wise choice to make conclusions on the basis of your own experience. It is great that we have managed to live up to your expectations in the most important aspects.

                        It is important for us that trading is accessible for everyone, which is why we give beginning traders the opportunity to start trading with small amounts to gain trading skills and confidence before investing large amounts. We strive to create a low-risk environment for our novice traders, providing favorable conditions for gradual growth. If you have any questions, do not hesitate to ask. We are always there to help.

                        Best regards, Olymp Trade team.
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                          Ruthless sravan
                          Feb 13, 2021
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                          I'm sravan and my deposit into my account is not credited my id 70224493
                          Aug 7, 2021
                          Complaint marked as Resolved 
                          Olymp Trade customer support has been notified about the posted complaint.
                          Hello, dear Sravan!

                          Thank you for letting us know about the issue you are facing. We have passed the information regarding your deposit to our support team, you will be contacted as soon as possible. Our specialists will help you to investigate the situation and give the latest updates. Do not hesitate to reach out if you have any further questions.

                          Best regards, Olymp Trade team.
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                            Naresh_Rout
                            Feb 12, 2021
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                            I find your web trading platform very good. I decided to sign up solely to try my hand at fixed-time trading. That’s a completely new thing for me. I traded for a while and liked this new type of trading. Nevertheless, since I traded Forex for a long time, I decided to trade Forex on this platform. Afterall, it’s possible. I just need to switch to another mode.
                            But I was somewhat disappointed once I tried to open a trade. I didn’t find leverage. Here it’s replaced with a multiplier system. Can I turn on leverage somewhere in the settings?
                            Feb 17, 2021
                            Complaint marked as Resolved 
                            I confess that I was wrong. I thought a bit and decided that I can trade on MT4 with leverage. There’s no need to look for leverage on the web platform.
                            Olymp Trade customer support has been notified about the posted complaint.
                            Verified Support
                            Feb 15, 2021
                            Olymp Trade Customer Care's response
                            Hello, dear Naresh_Rout!

                            Thank you for leaving such informative feedback. We are glad that you are satisfied with the Olymp Trade platform. To set up leverage amount in a Forex mode, you need to press the button on the right to the trade amount (it is placed in the sidebar below the asset name). You will be able to select the preferred multiplier amount from the appearing list. These options are available: x50; x100; x200; x500. Kindly contact us if you need any additional information.

                            Best regards, Olymp Trade team.
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                              Ygglladorr
                              Feb 12, 2021
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                              Why are there paid signals in the Market section? How are they different from Insights? I don't understand. There are free recommendations for Olymp Trade clients. They include a detailed description of what happens to an asset. There is also a predictable direction of movement. It's technical analysis. Why should I pay extra for a subscription to trading signals? I don't see any benefits. What is the point of such an add-on in the Market section?
                              Feb 17, 2021
                              Complaint marked as Resolved 
                              Oh, I get it. There's a lot more information in those signals. Basically, it's even good that clients have a choice. You can take simpler, free information. Or you can use more complex analytics and get trading signals.
                              Olymp Trade customer support has been notified about the posted complaint.
                              Hello, Ygglladorr!

                              Thank you for contacting us. Trading Signals placed in the Market are real-time trading signals from the company's analysts. Access to daily tips from our experts can be acquired in the market by paying for a subscription or via updating an account to an Expert Status.

                              The Insights section indeed provides access to free recommendations that every trader can use to conduct a thorough fundamental analysis. Concerning fundamental analysis tips, the forecast of price behavior in Insights is more general. As a rule, a longer forecast period is implied, which reduces its accuracy. Insights do not contain suggestions, which forecast is most suitable for a particular trading mode. This section is mainly about a possible price movement.

                              Also, the Insights section does not include technical analysis tips, which is why we advise combining Trading Signals and Insights to make balanced trading decisions. Do not hesitate to contact us if you need any additional information.

                              Best regards, Olymp Trade team.
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                                Jaswant Cherian
                                Feb 11, 2021
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                                I wanted and didn't want to trade at the same time.
                                Well, more precisely, I really wanted to try, but I was very afraid of losing.
                                Sure enough I lost my first money.
                                I didn't want to study the market at all, I just hoped that I could guess or that I could just make money on some primitive data, but of course I didn't succeed.
                                Thanks to the managers of this broker and constant reviews with time I still understood at least the basic concepts.
                                Now I am a profitable trader.
                                I didn't understand what these risk-free trades were for.
                                It's just some kind of gambling.
                                I don't think it really does anybody any good.
                                Feb 15, 2021
                                Complaint marked as Resolved 
                                I got it, all right. And maybe it's really worth a try. It's just that I'm always wary of some unknown benefit .
                                Olymp Trade customer support has been notified about the posted complaint.
                                Hello, dear Jaswant Cherian!

                                Thank you for sharing your experience with us. We understand that facing losses can be discouraging for a beginning trader, which is why we advise our traders to study our broad educational base and practice on a demo account first. Analyzing the market is an essential step before opening a trade. We are glad that you have taken the time to reconsider your attitude and explore basic trading concepts to raise the profitability of your trades.

                                Trading is a complex and serious activity, it might take some quality time to gain trading skills and achieve stable results. Although such online activity as trading involves possible risks, it is crucial to remember that it lays in the ability to conduct a detailed market analysis and apply advanced trading skills.

                                We wish you lots of success in reaching your goals on the way to professional trading. If you have any difficulties, feel free to contact us. We will be happy to help you.

                                Best regards, Olymp Trade team.
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                                  Mcdokkert
                                  Feb 11, 2021
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                                  I generally appreciate your trading platform. It’s really good. I find it very functional. So, I have managed to find nearly all the necessary features available in Metatraders. By the way, I don’t use the entire functionality of Metatraders because it’s excessive for me. In terms o[censored]ser-friendliness, your web platform is very pleasant to use.
                                  Nevertheless, there’s something that disappoints me. I haven’t found linear regression in the list of indicators of this platform. Am I wrong? Perhaps, it’s only available in Metatraders. Make it clear, please.
                                  Feb 15, 2021
                                  Complaint marked as Resolved 
                                  I think that when I was writing that complaint I didn’t think well about it. I think that nothing prevents me from using linear regression on Metatrader also offered by your company.
                                  Olymp Trade customer support has been notified about the posted complaint.
                                  Verified Support
                                  Feb 11, 2021
                                  Olymp Trade Customer Care's response
                                  Hi, dear Lakshmi Varkey.

                                  Thank you for your appreciation. We are glad that you find the Olymp Trade MetaTrader 4 functional and user-friendly. You can select the regression channel on the Olymp Trade MT4 platform. To do so, you need to log in to your account and push the "Insert" button at the top tab. Then, hover over the "Channels" section and choose the "Regression Channel" from the dropdown list. Kindly reach out if you need any other assistance.

                                  Best regards, Olymp Trade team.
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                                    Rashid Borah
                                    Feb 11, 2021
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                                    Why can't I buy a subscription to Market with my bonus funds in Olymp Trade? I have already got them at my disposal. Why can't I use the bonus funds in a way that is beneficial to me? After all, it is also an investment in my trading.
                                    I don't think it's fair. Because I need specific tools to improve my trading results. They are all available in the Market by Olymp Trade. But I can buy them only with my own money or for achievements in Loyalty Program. Why can't I use my bonuses for that?
                                    Feb 15, 2021
                                    Complaint marked as Resolved 
                                    Oh, I didn't see that using bonus funds in the Market section was prohibited in Olymp Trade. I thought I could use them as I saw fit. Anyway, now I have even more incentive to reach the next Loyalty Program level. Because I'll get more benefits from the Market at the next level of Trader's Way.
                                    Olymp Trade customer support has been notified about the posted complaint.
                                    Hi there, Rashid!

                                    Thank you for bringing this up. At the moment, an opportunity to use your bonus funds to buy a subscription to Market is not available. We will surely discuss your recommendation with our team and consider allowing purchases in the market for bonuses in the future. Your opinion matters greatly to us, it is always important to receive such feedback to improve.

                                    Best regards, Olymp Trade team.
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                                      Usman Murthy
                                      Feb 10, 2021
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                                      Despite the fact that today there are a huge number of brokerage companies, I have personally seen that most of them do not meet modern requirements and can not provide a working environment for clients at all.
                                      And on the whole I am satisfied with olymp trade's conditions because they managed to combine comfortable conditions for newbies with the best ones for the experienced traders (risk-free trades, advanced analytics tools, etc.).
                                      But I don't understand why they added MT4. There is MT5 now. Why did they make such a choice? I don't understand.
                                      Feb 14, 2021
                                      Complaint marked as Resolved 
                                      I get it, well in general it makes sense. All right, let's go with what we have. Especially since, as I said, in general, I am completely satisfied with the conditions.
                                      Olymp Trade customer support has been notified about the posted complaint.
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                                      Feb 10, 2021
                                      Olymp Trade Customer Care's response
                                      Hello, dear Usman!

                                      Thank you for your kind words about the Olymp Trade platform. We are glad to know that you are satisfied with trading conditions and find them equally suitable for beginning traders as well as for experienced ones.

                                      We have considered multiple factors before making a choice to support the Olymp Trade MetaTrader 4. Despite the fact that the MT5 is a newer version of the platform, its functionality is more controversial (for example, aggregated lots have been replaced with individual ones). Also, the number o[censored]sers of the MT4 platform is considerably higher in comparison with the MT5. Olymp Trade MT4 is still an up-to-date platform with a vast range of available instruments. If you have any further questions, do not hesitate to contact us. We would be happy to assist you.

                                      Best regards, Olymp trade team.
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