Olymp Trade mobile app – Is it fake or not?

What is the Olymp Trade app and how does it work? – In this article, we will present to you the mobile trading software of the popular online broker Olymp Trade. Can you really earn money with it? Is it fake or not? We will answer these important questions for traders.

Olymp Trade regulation certificate

Introduction to trading with Olymp Trade:

Trading online represents one of the most profitable and popular ways to make money on the internet. With fixed-time trades, you can speculate on the potential direction of the prices of financial assets. Essentially, what you do in fixed-time trades is “bet” on the direction that assets such as stocks, cryptocurrencies, commodities, and of course, forex will move after a period, called the expiry period. If the market moves in your direction after the set expiry period, you are paid a fixed percentage of the amount you bet. Otherwise, you lose that amount you risked.

To, however, be able to trade fixed-time trades, you need to get registered with an online broker who will then give you access to its platform from where you can then trade. There are a lot of brokers scattered over the internet, but not all are credible. In fact, it is widely believed there are more scams and phonies than trusted brokers, as credible brokers are few. One of such trusted brokers is OlympTrade. This piece gives a description of Olymp Trade and its mobile trading platform.

(Risk warning: Your capital can be at risk)

Olymp Trade overview – What is it?

Olymp Trade is an international online broker that boasts up to 25,000 active traders on its platform daily. It is present in Asia, Africa, Europe, and Latin America. Headquartered in St Vincent and Grenadines, it is one of the few brokers regulated by the International Financial Commission (FinaCom). As a result of its commendable brokerage services, Olymp Trade has bagged a number of awards including the “Best Broker” at the Forex Expo 2017, among several others

OlympTrade mobile app review

You can access OlympTrade’s trading platforms via mobile applications for smartphones and a WebTrader for PC. The OlympTrade mobile apps are available for both Android (downloadable from Google Play Store) and iOS devices (downloadable from the App Store). OlympTrade’s trading platforms (especially the mobile platform) are said to be one of the very best in the industry, and this has been confirmed through several awards. For instance, OlympTrade won the Best Mobile Trading Platform at the Global Brands Awards in 2019, as well as the Best Trading Platform awarded by LeFonti in 2016, repeating the feat later in 2018.

See a screenshot of the Olymp Trade mobile trading app:

The olymp trade mobile app makes trading easy on every device
Olymp Trade mobile app

In the picture above you will see a screenshot of the mobile app. It is very easy to use it from our experience. There are also educational videos which are explaining to you how to trade on the mobile app. Beginners can use the free demo account for practice trading.

here are a number of key features that make the OlympTrade app stand out amongst online trading apps:

(Risk warning: Your capital can be at risk)

1. It is multilingual

The app is programmed with at least 30 different major languages, giving access to almost all traders globally irrespective of language. Most other online trading apps only come in English and very few other languages.

2. Education

While a number of online brokers provide educational resources to their clients, it is rare to see any that includes the same in their mobile apps. Most apps are basically for trading. OlympTrade includes its educational bundles in its app, making trader education very accessible. The educational section contains resources on trading basics, basic and advanced technical analysis, and a 30-minutes trading crash course.

Olymp Trade regulation certificate
Olymp Trade app education
  1. Go to your app store (Google Play Store for Android and App Store for iOS). In the search bar, type “Olymp Trade.” Then press the “enter” key. You should be automatically redirected to OlympTrade’s official app. Please ensure it is the “Olymp Trade – Online Trading App” with millions of downloads that you download as there may be clones developed by non-authorized persons.
  2. Upon opening the app, you will be tasked to register. You can choose one of 3 methods of registration: email, Facebook, or Google (i.e. Gmail). If you use the “email” option, you might need to verify it. However, if you use either of the Facebook or Google accounts already signed up on your phone, you won’t need this.
  3. You have to select one of two currencies (US Dollars or the Euro) in which your trading capital will be quoted. As such no matter the amount your capital is in your local currency, the dollar equivalent is what reflects your balance in your account. Immediately after you finish this, you will be confronted with the service agreement. You might want to have a look at the terms listed therein. After that, click on register.
  4. Demo Account: Upon registering, you will be automatically given a demo account with $10,000 virtual money. You can then start making trades right away.
  5. Terminal: The first “section” you come across is the Terminal. On the top, left corner of the Terminal is your trading account balance. For now, that will be your $10,000 for the demo account. Right beside it, you have the button to make deposits into your live account. On the top right corner is a Profile Icon. When you click it you gain access to your trader profile. Here, you can make settings to your profile. Also listed are contests that are available in which you can win trading bonuses.

Just below that in the left corner, is the bar containing the market/pair you are currently trading. Clicking on it shows you other markets that you can trade. Directly beside it is an icon that looks like “A” which links you to advisors, strategies, indicators, and oscillators. Next to it is a pencil-like icon, which upon clicking, enables you to customize your chart. Finally, there is a figure which stands for the current timeframe of the chart beside it. Clocking on it leads to options to resetting the timeframe.

Olymp Trade regulation certificate
Olymp Trade app time frame settings

Then below the chart (just above the status bar), we have the Expiry Period for each trade. Clicking on it will show you options, and you can then select the expiry time you want. Then beside it is an icon that reads like “D” with a number following, saying “D15.” This is the amount you are willing to risk per trade, and clicking on it allows you to reset it.

  • Trades: Next to “Terminal” is the “Trades” section, which shows you ongoing and concluded trades.
  • Help: The “Help” section links you to client support and educational resources.
  • More: The “More” section contains links to Deposits and withdrawals, Transaction History, Special offers and bonuses, strategies, and general app settings.

(Risk warning: Your capital can be at risk)

Olymp Trade services in the app

OlympTrade provides quality services across many channels; they are hereby summarised.

  • Free trading education
  • Trading strategies
  • Support in multiple languages
  • Live webinars
  • Account managers
  • Free practice account

Olymp Trade markets

Olymp Trade gives you access to trade almost all financial markets cutting across currency pairs, commodities, equity indices, cryptocurrencies, and even ETFs. However, it appears there are no individual stocks to be traded on the Olymp Trade platform.

  • Forex (currency pairs)
  • Crypto
  • Stocks
  • ETFs
  • Commodities

OlympTrade bonus

One very notable service that Olymp Trade provides its traders is access to a variety of trading bonuses.

Teh olymp trade welcome bonus is just one of many peaks
Olymp Trade Welcome Bonus

A trading bonus is an amount that your broker gives you to be added to your live account, with which you can trade. There are several such bonuses but the most noteworthy are Welcome Bonus, Deposit Bonus, and Periodical Bonuses.

Welcome bonuses are given to new traders who are just signing up on Olymp Trade and depositing into their live accounts. It is worth 100% of whatever amount you deposit.

Deposit bonuses are given anytime you deposit new capital into your trading account. Typically, deposit bonuses range from 20% to 50% depending on how much you deposit.

Periodical bonuses largely operate like promotional offers. They are usually given during holidays and randomly during contests announced on the broker’s social media pages.

It is worth noting that Olymp Trade bonuses cannot be withdrawn or turned into cash. Instead, their purpose is to boost your trading capital, enabling you to take more risks.

(Risk warning: Your capital can be at risk)

See our other articles about Olymp Trade: 

  1. Withdrawal proof and tutorial
  2. Trading strategy
  3. Trading platform tutorial
  4. Tips and tricks
  5. Is a robot legal?
  6. Mobile app tutorial
  7. Olymp Trade Indonesia
  8. Olymp Trade India
  9. Forex trading tutorial
  10. Deposit
  11. Fixed time trades tutorial
  12. Olymp Trade Africa
  13. Bonus

FAQ – The most asked questions about Olymp Trade mobile app :

Is Olymp Trade mobile app fake?

No, Olymp Trade mobile app is not fake. It is regulated by the brokerage platform itself and comes with SSL protection, an enhanced encryption algorithm, and a two-way authentication factor. Therefore, every user has to comply with the password and other security protocols before they can create their account or access any existing account from the Olymp Trade mobile app.

What are the achievements of the Olymp Trade mobile app?

So far, the Olymp Trade mobile app has been recognized as the winner of the Best Mobile Trading Platform in the 2019 Global Brands Award and Best Trading Platform in 2016 and 2018 by LeFonti.

What advantages does utilizing the Olymp Trade mobile app have?

The Olymp Trade mobile app is among the greatest platforms for new traders. It supports over 30 languages and comes with several educational blogs and documents to teach investors and traders about the basics of the platform, trading in different instruments, and so on. Furthermore, the mobile application is available on both Google and Apple smartphones.

Is the demo account available on Olymp Trade mobile app?

Yes, the demo account is available on the Olymp Trade mobile app with a virtual deposit money of $10,000 maximum.

See other articles about online brokers:

Last Updated on April 19, 2023 by Res Marty