Olymp Trade is an online broker that was established in the year 2014. Owned by Saledo Global LLC and headquartered in St. Vincent & the Grenadines, this advisory broker is available to users from over 30 countries around the world. It offers more than 80 instruments including shares, currencies, cryptocurrencies, commodities, and indices. Although this broker is not regulated in Europe and North America, it has been a member of the Financial Commission (FinaCom) since 2016. This membership is only provided to selected companies and ensures customer protection by covering each trader for up to €20,000 within the framework of the FinaCom Compensation Fund.
The minimum deposit needed to trade on the platform is just $10, which is among the lowest in the industry. As of 2020, the broker’s average payout stands at $13.7 million per month and it has more than 25,000 active daily users. The average number of trades per month is about 35.4 million. Similarly, the average monthly trading volume stands at $179.2 million. This broker ensures that traders are well prepared before investing their funds through offering extensive resources and trading education. In addition to training, the company has a team of analysts that provide users with original trading ideas and strategies.