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. OlympTrade Regulation and Company Information Regulation. OlympTrade , owned and operated by Smartex International Ltd under registration number 144540, is an Online trading provider that is regulated by Financial Market Relations Center (FMRRC) under license number TSRF RU 0395 AA Vv0088. 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 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 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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